DES MOINES REDEVELOPMENT COMPANY

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

AMANDA BRIGGS

Phone

5152864955

Tax Period

2023-01-01 to 2023-12-31

DES MOINES REDEVELOPMENT COMPANY, founded in 2012, is a micro nonprofit in the Community Improvement sector that reported $6K in total revenue in fiscal year 2023. Revenue surged 190% from the prior year, signaling strong growth momentum. Expenses of $34K exceeded revenue, resulting in a 464% operating deficit.

Mission

TO FACILITATE URBAN RENEWAL WITHIN THE CITY OF DES MOINES, IOWA THROUGH THE PURCHASE AND PREPARATION OF LAND FOR NEW ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $33,534

A SIGNIFICANT ACTIVITY OF THE ORGANIZATION IS THE SELECTION AND PURCHASE OF REAL ESTATE DESIGNATED BY THE ORGANIZATION'S BOARD OF DIRECTORS AS SUITABLE FOR THE ORGANIZATION'S SOCIAL WELFARE PURPOSES. AFTER PURCHASE OF SUITABLE REAL ESTATE, THE ORGANIZATION WILL WORK WITH GOVERNMENT BODIES AND PRIVATE ORGANIZATIONS TO DEVELOP STRATEGIES FOR USE OF THE REAL ESTATE. THE ORGANIZATION, ALONG WITH THESE PUBLIC BODIES AND PRIVATE GROUPS, WILL ANALYZE AND EVALUATE USES FOR THE PURCHASED REAL ESTATE THAT WILL FACILITATE THE URBAN RENEWAL AND ECONOMIC DEVELOPMENT OF DES MOINES. THESE USES MAY INCLUDE SALE OF THE REAL ESTATE FOR ECONOMIC DEVELOPMENT USE, DEMOLITION OF PROPERTIES TO FACILITATE BETTER USE OF LAND, AND LEASING PURCHASED REAL ESTATE FOR URBAN RENEWAL AND ECONOMIC DEVELOPMENT USAGE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $5,945

Other Revenue $0

TOTAL REVENUE $5,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,534

Other Expenses $33,534

TOTAL EXPENSES $33,534

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,945	$2,051	+1.9%
Expenses	$33,534	$3,365	+9.0%
Net Income	$-27,589	$-1,314	+20.0%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL J HOUSTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
GERARD D NEUGENT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AMANDA BRIGGS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DARREN REBELEZ	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT JEAN	DIRECTOR	1.00	Director	$0	$0	$0
RICK J TOLLAKSON	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY A MARKEY	DIRECTOR	1.00	Director	$0	$0	$0
KYLE J KRAUSE	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN KUNERT	DIRECTOR	1.00	Director	$0	$0	$0
JEFF ROMMEL	DIRECTOR	1.00	Director	$0	$0	$0
JUDD O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RUAN IV	DIRECTOR	1.00	Director	$0	$0	$0
BRAD SCHOENFELDER	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE D MILLIGAN	DIRECTOR	1.00	Director	$0	$0	$0
JON KOEHN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TOUSLEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID S BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MARTA A CODINA	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN M LACY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RIGGS	DIRECTOR	1.00	Director	$0	$0	$0
JIM COWNIE	DIRECTOR	1.00	Director	$0	$0	$0

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
2023	$5,945	$33,534	$149,677	$-27,589
2022	$2,051	$3,365	$177,266	$-1,314
2021	$460	$4,120	$178,580	$-3,660
2020	$6	$4,459	$182,468	$-4,453
2019	$3,069	$6,008	$186,693	$-2,939
2018	$1,714	$3,575	$191,029	$-1,861