Organizations Filed Purposes:
Economic Development. The corporation is dedicated to the promotion of industrial and economic development within the community of Eldora, Iowa. The corporation's purpose is to assist in alleviating economic hardships and unemployment in this rural area, as well as combat community deterioration.
THE CORPORATION PROMOTES COMMERCIAL AND INDUSTRIAL DEVELOPMENT AND RETENTION BY OWNING REAL ESTATE AND MAKING IT AVAILABLE FOR USE BY LOCAL BUSINESSES AND EMPLOYERS WHO MIGHT NOT OTHERWISE MAINTAIN OPERATIONS IN ELDORA WITHOUT INVOLVEMENT AND SUBSIDY BY THE CORPORATION. DUE TO A TENANT SHUTTING DOWN AND DECLARING BANKRUPTCY EXPENSES WERE IN EXCESS OF REVENUE FOR THIS PROGRAM SERVICE IN 2019. COMMUNITY SO OTHER BUSINESSES WOULD THRIVE.
THE CORPORATION SUPPORTS THE ENTRY OF NEW BUSINESSES TO THE ELDORA COMMUNITY BY OFFERING WELCOME GIFTS AND PROMOTING AWARENESS OF THE NEW BUSINESS AND/OR EMPLOYER WITH PUBLIC RELATIONS AND ADVERTISEMENTS.
THE CORPORATION SOLD ONE OF ITS REAL ESTATE ASSETS TO A RETAIL ENTERPRISE BECAUSE THE PRIOR TENANT DECLARED BANKRUPTCY AND THE NEW POTENTIAL OCCUPANT WAS NOT INTERESTED IN BEING A TENANT. THE SALE WAS FOR THE VALUE AS ASSESSED FOR REAL ESTATE TAX PURPOSES SALE PRICE WAS $570,000 WITH BASIS OF $570,000
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Deb Crosser | DIRECTOR | 0 | $0 |
| Shawn Bolt | DIRECTOR | 0.1 | $0 |
| Maury Hyde | DIRECTOR | 0.1 | $0 |
| Leon Herndon | DIRECTOR | 0.1 | $0 |
| Steve Throssel | DIRECTOR | 0.1 | $0 |
| David Vanderwilt | DIRECTOR | 0.1 | $0 |
| Ben Cutler | DIRECTOR | 0.1 | $0 |
| Marc Anderson | DIRECTOR & TREASURER | 0.5 | $0 |
| David Rubow | DIRECTOR & PRESIDENT | 0.1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202023189349306102_public.xml