ST LOUIS PUBLIC DEVELOPMENT CORPORATION I

EIN: 431561434 501(c)(3)

SAINT LOUIS, MO

Total Revenue
$795,005
Total Expenses
$587,845
Total Assets
$5,546,428
Net Assets
$3,606,292
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MO
Principal Officer
COLLEEN HAFNER
Phone
3142319400
Tax Period
2023-01-01 to 2023-12-31

ST LOUIS PUBLIC DEVELOPMENT CORPORATION I, founded in 1990, is a small nonprofit that reported $795K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $207K, a strong 26% operating margin.

Mission

ST. LOUIS PUBLIC DEVELOPMENT CORPORATION (PDC I) WORKS TO REDEVELOP AND STRENGTHEN COMMUNITIES BY PROVIDING HOUSING DEVELOPMENT SERVICES, CAPACITY-BUILDING AND FINANCING FOR THE SUCCESSFUL REVITALIZATION OF NEIGHBORHOODS IN THE ST. LOUIS METROPOLITAN AREA IN COOPERATION WITH RISE COMMUNITY DEVELOPMENT, A 501(C)(3) ORGANIZATION.

Program Service Accomplishments

Program 1
Expenses: $492,021 Revenue: $794,446

OWNER OF AFFORDABLE, MIXED-INCOME AND MIXED-USE DEVELOPMENTS/GUARANTOR FOR ALL RISE-AFFILIATED REAL ESTATE DEVELOPMENT PROJECTS. ST. LOUIS PUBLIC DEVELOPMENT CORPORATION ("PDC I") OWNS OR...

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OWNER OF AFFORDABLE, MIXED-INCOME AND MIXED-USE DEVELOPMENTS/GUARANTOR FOR ALL RISE-AFFILIATED REAL ESTATE DEVELOPMENT PROJECTS. ST. LOUIS PUBLIC DEVELOPMENT CORPORATION ("PDC I") OWNS OR PARTICIPATES IN THE OWNERSHIP OF A WIDE RANGE OF AFFORDABLE AND MIXED-INCOME HOUSING AND MIXED-USE REAL ESTATE DEVELOPMENTS WITH OVER 300 RESIDENTIAL UNITS IN UNDERINVESTED COMMUNITIES IN THE ST. LOUIS AREA. PDC I ALSO MAINTAINS A RISK RESERVE TO LEVERAGE THE FINANCIAL GUARANTEES IT MAKES ON BEHALF OF ALL RISE-AFFILIATE REAL ESTATE DEVELOPMENT ACTIVITY. IT CURRENTLY GUARANTEES OVER $47 MILLION IN REAL ESTATE INVESTMENT-RELATED CONTINGENT LIABILITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $791,855
Investment Income $559
Other Revenue $2,591
TOTAL REVENUE $795,005

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $17
Program Expenses $492,021
Other Expenses $587,845
TOTAL EXPENSES $587,845

Year-over-Year Comparison

2023 2022 Change
Revenue $795,005 $1,081,174 -0.3%
Expenses $587,845 $485,403 +0.2%
Net Income $207,160 $595,771 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
1

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$573,390
Total Directors
4
$405,624
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRELL CARTER PRESIDENT (THRU 11/2023) 1.00
Officer Director
$0 $16,029 $155,302
COLLEEN HAFNER PRESIDENT 1.00
Officer Director
$0 $34,580 $110,431
MARK STROKER VICE PRESIDENT AND SECRETARY 1.00
Officer Director
$0 $35,841 $139,891
MARY CAMPBELL DIRECTOR 1.00
Director
$0 $0 $0
JASON WARE TREASURER (THRU 7/2023) 1.00
Officer
$0 $5,022 $75,610
BRIAN HURD TREASURER 1.00
Officer
$0 $15,002 $92,156
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $795,005 $587,845 $5,546,428 $207,160
2022 $1,081,174 $485,403 $5,415,770 $595,771
2021 $1,497,934 $602,333 $5,652,331 $895,601
2020 $837,537 $520,642 $5,921,421 $316,895
2019 $1,128,306 $642,873 $6,230,902 $485,433
2018 $552,407 $1,805,813 $7,413,786 $-1,253,406
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