2025-04-04T15:31:50-05:00 2024-06-30 261600907 ROOF GERDES ERLBACHER PLC 2721 SW 30TH ST DES MOINES IA 50321 990 2023-07-01 421359539 REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC REGI 6416846551 PO BOX 1110 OTTUMWA IA 52501 MIKE HADLEY CHAIRMAN 6416846551 2025-04-04 1 0 RYAN ROOF P00810965 5153625672 2023 2025-03-06 01:10:19Z MIKE HADLEY 224 E 2ND ST OTTUMWA IA 52501 66597 0 X N/A X 1990 IA ADMINISTRATION OF A REVOLVING LOAN FUND. OUR MISSION IS TO PROVIDE LOANS TO BUSINESSES IN THE AREA BY ISSUING GAP FINANCING IN ORDER TO LEVERAGE LOANS FROM BANKS AND GRANTS FROM THE STATE. OUR OBJECTIVE IS TO USE THESE LOANS TO INCREASE THE EMPLOYMENT BASE IN THE AREA. IN ADDITION, WE ALSO PROVIDED FORGIVABLE LOANS TO BUSINESSES IN WAPELLO COUNTY, THESE FORGIVABLE LOANS ARE MADE IN ORDER TO INCREASE BUSINESS AND EMPLOYMENT IN THE AREA. 10 10 0 0 0 0 0 0 51147 53687 0 630 0 12280 51147 66597 0 0 0 0 0 0 0 0 0 16768 23160 16768 23160 34379 43437 2325361 2373890 0 5092 2325361 2368798 X ADMINISTRATION OF A REVOLVING LOAN FUND. OUR MISSION IS TO PROVIDE LOANS TO BUSINESSES IN THE AREA BY ISSUING GAP FINANCING IN ORDER TO LEVERAGE LOANS FROM BANKS AND GRANTS FROM THE STATE. OUR OBJECTIVE IS TO USE THESE LOANS TO INCREASE THE EMPLOYMENT BASE IN THE AREA. IN ADDITION, WE ALSO PROVIDED FORGIVABLE LOANS TO BUSINESSES IN WAPELLO COUNTY, THESE FORGIVABLE LOANS ARE MADE IN ORDER TO INCREASE BUSINESS AND EMPLOYMENT IN THE AREA. 0 0 23160 66597 IN REGARDS TO THE GRANT FROM THE ECONOMIC DEVELOPMENT ADMINISTRATION, WE ARE ABLE TO SERVICE OUTSTANDING LOANS. MANY CONTACTS WERE MADE WITH POTENTIAL NEW INDUSTRIES. WE PROVIDE GAP FINANCING TO ASSIST COMPANIES IN OBTAINING LOANS FROM BANKS AND GRANTS FROM THE STATE. WITH THE REPAYABLE LOANS, WE REQUIRE A CERTIAN NUMBER OF JOBS TO BE CREATED, DEPENDING ON THE SIZE OF THE LOAN, AND A SURCHARGE IS ASSESSED IF THE EMPLOYMENT GOALS ARE NOT MET. 23160 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MIKE HADLEY 6416846551 224 EAST 2ND STREET OTTUMWA IA 52501 X DALE HOUSE VICE-CHAIRMAN 1.00 X X 0 0 0 MATT GREINER MEMBER 1.00 X 0 0 0 MARK GROENENDYK MEMBER 1.00 X 0 0 0 MIKE HADLEY CHAIRMAN 1.00 X X 0 0 0 JOHN HELGERSON MEMBER 1.00 X 0 0 0 JIM MORLAN MEMBER 1.00 X 0 0 0 LEE DIMMITT MEMBER 1.00 X 0 0 0 EMILY STARNES MEMBER 1.00 X 0 0 0 BRYAN ZIEGLER TREASURER 1.00 X X 0 0 0 DAVE HENDERSON MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 LOAN INTEREST 53132 53132 LATE PAYMENT FEES 555 555 53687 630 630 MISCELLANEOUS 12280 12280 12280 66597 66597 0 0 1302 1302 ADMINISTRATIVE COSTS 21635 21635 BAD DEBT EXPENSE 223 223 23160 23160 0 0 619301 938237 1706060 1435653 2325361 2373890 5092 0 5092 X 0 0 0 0 2325361 2368798 2325361 2368798 2325361 2373890 43437 0 X 0 1 X 1 1 1 X 5000 791879 340517 1137396 33237 38438 46517 51147 53687 223026 38237 830317 387034 51147 53687 1360422 0 0 0 1360422 38237 830317 387034 51147 53687 1360422 1.00000 1.00000 0.00000 X 0 INVESTMENTS 1435653 C 1435653 FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY THE PRESIDENT, WHO DISCUSSES IT WITH THE OTHER BOARD MEMBERS PRIOR TO APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C PRESIDENT MONITORS THE MEMBERS, AND THE OTHER MEMBERS MONITOR THE PRESIDENT TO ENSURE NO PERCEIVED OR ACTUAL CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE TO THE PUBLIC UPON REQUEST, DURING NORMAL BUSINESS HOURS.