EAST CENTRAL DEVELOPMENT CORP

EIN: 475131300 501(c)(3) Community Improvement

DUBUQUE, IA

Total Revenue
$82
Total Expenses
$6,000
Total Assets
$73,567
Net Assets
$73,567
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IA
Principal Officer
STEVE STOFFEL
Phone
5635564166
Tax Period
2024-07-01 to 2025-06-30

EAST CENTRAL DEVELOPMENT CORP, founded in 2015, is a micro nonprofit in the Community Improvement sector that reported $82 in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $6K exceeded revenue, resulting in a 7217% operating deficit.

Mission

TO PROMOTE & ENCOURAGE AFFORDABLE HOUSING IN THE FIVE COUNTY REGION WHICH INCLUDES CEDAR, CLINTON, DUBUQUE, DELAWARE AND JACKSON COUNTIES IN IOWA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $82
Other Revenue $0
TOTAL REVENUE $82

Expense Breakdown

Grants Paid $6,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,000
Other Expenses $0
TOTAL EXPENSES $6,000

Year-over-Year Comparison

2024 2023 Change
Revenue $82 $89 -0.1%
Expenses $6,000 $11,028 -0.5%
Net Income $-5,918 $-10,939 -0.5%
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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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
13

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK WILLEY CHAIRPERSON 0.25
Officer Director
$0 $0 $0
BETH BONZ VICE CHAIRPERSON 0.25
Officer Director
$0 $0 $0
CORI BURBACH BOARD MEMBER 0.25
Director
$0 $0 $0
CONNIE BEHNKEN BOARD MEMBER 0.25
Director
$0 $0 $0
BRAD CAVANAGH BOARD MEMBER 0.25
Director
$0 $0 $0
SCOTT MADASION BOARD MEMBER 0.25
Director
$0 $0 $0
CHUCK NIEHAUS BOARD MEMBER 0.25
Director
$0 $0 $0
DEREK OLBERDING BOARD MEMBER 0.25
Director
$0 $0 $0
TIMOTHY VICK BOARD MEMBER 0.25
Director
$0 $0 $0
BRIAN WAGNER BOARD MEMBER 0.25
Director
$0 $0 $0
JEREMIAH WIESE BOARD MEMBER 0.25
Director
$0 $0 $0
STEVE STOFFEL VICE PRESIDENT/TREASUER 0.25
Officer
$0 $0 $0
CHANDRA RAVADA SECRETARY 0.25
Officer
$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
2025 $82 $6,000 $73,567 $-5,918
2024 $89 $11,028 $84,486 $-10,939
2023 $300,910 $634,323 $102,124 $-333,413
2022 $1,130,094 $1,096,426 $554,597 $33,668
2021 $1,069,244 $971,935 $790,115 $97,309
2020 $436,711 $207,160 $523,647 $229,551
2019 $320,764 $418,725 $129,080 $-97,961
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