Nonprofit · EIN 42-1359539
REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC
Tax-exempt · OTTUMWA, IA 52501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $55,315 | $74,058 | -$18,743 | $2,359,640 | $9,585 | $2,350,055 |
| June 30, 2024 | 990 | $66,597 | $23,160 | $43,437 | $2,373,890 | $5,092 | $2,368,798 |
| June 30, 2023 | 990 | $51,147 | $16,768 | $34,379 | $2,325,361 | $0 | $2,325,361 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $40,975
- Investment income
- $14,340
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $10,023
- Accounting fees
- $3,250
- Program services (functional)
- $74,058
Balance sheet and other
- Total assets, start of year
- $2,373,890
- Total assets, end of year
- $2,359,640
- Total liabilities, end of year
- $9,585
- Net assets, end of year
- $2,350,055
- Gross receipts
- $55,315
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1990
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DALE HOUSE | VICE-CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MATT GREINER | MEMBER Trustee or director | 1 | $0 |
| MARK GROENENDYK | MEMBER Trustee or director | 1 | $0 |
| MIKE HADLEY | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JOHN HELGERSON | MEMBER Trustee or director | 1 | $0 |
| JIM MORLAN | MEMBER Trustee or director | 1 | $0 |
| LEE DIMMITT | MEMBER Trustee or director | 1 | $0 |
| EMILY STARNES | MEMBER Trustee or director | 1 | $0 |
| BRYAN ZIEGLER | TREASURER Trustee or director, Officer | 1 | $0 |
| DAVE HENDERSON | MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DALE HOUSE | VICE-CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MATT GREINER | MEMBER Trustee or director | 1 | $0 |
| MARK GROENENDYK | MEMBER Trustee or director | 1 | $0 |
| MIKE HADLEY | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JOHN HELGERSON | MEMBER Trustee or director | 1 | $0 |
| JIM MORLAN | MEMBER Trustee or director | 1 | $0 |
| LEE DIMMITT | MEMBER Trustee or director | 1 | $0 |
| EMILY STARNES | MEMBER Trustee or director | 1 | $0 |
| BRYAN ZIEGLER | TREASURER Trustee or director, Officer | 1 | $0 |
| DAVE HENDERSON | MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DALE HOUSE | VICE-CHAIRMAN Trustee or director, Officer | 1 | $0 |
| DONNIE GARRETT | MEMBER Trustee or director | 1 | $0 |
| MATT GREINER | MEMBER Trustee or director | 1 | $0 |
| MARK GROENENDYK | MEMBER Trustee or director | 1 | $0 |
| MIKE HADLEY | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JOHN HELGERSON | MEMBER Trustee or director | 1 | $0 |
| JIM MORLAN | MEMBER Trustee or director | 1 | $0 |
| TOM FLAHERTY | MEMBER Trustee or director | 1 | $0 |
| DEE SANDQUIST | MEMBER Trustee or director | 1 | $0 |
| BRYAN ZIEGLER | TREASURER Trustee or director, Officer | 1 | $0 |
| DAVE HENDERSON | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1110, OTTUMWA, IA 52501-7110
- Principal officer (990 for 2024)
- MIKE HADLEY, 224 E 2ND ST, OTTUMWA, IA 52501
- Signed the 990
- MIKE HADLEY, CHAIRMAN
- Phone
- (641) 684-6551
- Return prepared by
- ROOF GERDES ERLBACHER PLC
Mission
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.
Program accomplishments
- 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.Expenses $74,058 · revenue $55,315
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1359539
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $2,359,640
- Income (IRS master file)
- $55,315
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $55,315 | $74,058 | $2,359,640 | XML |
| 990 | June 2024 | $66,597 | $23,160 | $2,373,890 | XML |
| 990 | June 2023 | $51,147 | $16,768 | $2,325,361 | XML |
| 990 | June 2022 | $387,034 | $195,730 | $2,310,170 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1359539).
Questions about REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC
- What is the EIN of REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC?
- The employer identification number (EIN) of REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC is 42-1359539.
- Is REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC?
- The 990 for the year ended June 30, 2025 names MIKE HADLEY.
- Who are the officers and directors of REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $55,315, expenses of $74,058 and total assets of $2,359,640 at year end.
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All nonprofits in OTTUMWA · Iowa · Community improvement and capacity building