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Filing year 2023

REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC

Ottumwa, Iowa·EIN 42-1359539·NTEE S31Z · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$67k
Total assets
$2.4M
Total expenses
$23k
Reported officers
10
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.

Reported officers (all unpaid)

No paid executives reported in 2023. REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC reported 10 unpaid officers and board members on its 990.

Vice-chairman
Member
Member
Chairman
Member
Member
Member
Member
Treasurer
Member
Financial trend

Revenue and expenses over time

REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$51k
$17k
2022
$67k
$23k
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Community Improvement & Capacity Building executives earn in Iowa

REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable community improvement & capacity building organization in Iowa earns a median of $62,802.

25th percentile
$28k
Median
$62,802
75th percentile
$98k
90th percentile
$175k

These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 130 organizations across 130 filings (2021 – 2024).

See full Community Improvement & Capacity Building pay data for Iowa
FAQ

Common questions about REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC

What are REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC's revenue and expenses?

In 2023, REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC reported $67k in total revenue and $23k in total expenses on its IRS Form 990.

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