Ocdc Inc
- Assets
- $11.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Orange City, IA
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 20-3965962
Organization Overview
Ocdc Inc, operating under the name Co Van Bruggen & Vande Vegte Pc, is located in Orange City, IA. The organization was established in 2008. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Co Van Bruggen & Vande Vegte Pc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Co Van Bruggen & Vande Vegte Pc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $769.4k during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE THE NECESSARY ECONOMIC PILLARS TO SUPPORT AND SUSTAIN THE COMMUNITY'S FUTURE GROWTH AND DEVELOPMENT. IMPROVEMENTS AND EXPANSION OF THE COMMUNITY'S QUALITY OF LIFE AMENITIES, TAX BASE FOR PUBLIC SERVICES AND THE NECESSARY MIX OF COMMERCIAL GOODS AND SERVICES WILL SERVE AS ITS FOCUS. BY TARGETING NEW BUSINESS START-UPS WITH LOCAL OWNERSHIP AND THE EXPANSION OF EXISTING BUSINESSES, THE CREATION OF NEW CAREER AND JOB OPPORTUNITIES WILL MATERIALIZE TO ATTRACT NEW FAMILIES AND FUTURE POPULATION GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE PUBLIC AWARENESS AND INVOLVEMENT TO RESPOND TO THE ECONOMIC CONDITIONS THAT CHALLENGE THE COMMUNITY'S FUTURE GROWTH; SUPPORT SMALL BUSINESS DEVELOPMENT BY FACILITATING ACCESS TO FINANCIAL RESOURCES AND OTHER ASSISTANCE PROGRAMS; ASSIST SMALL BUSINESS CREATION THROUGH THE REDEVELOPMENT OF EXISTING PROPERTIES AND THE DEVELOPMENT OF NEW PROPERTIES; WORK WITH THE REGIONAL COMMUNITY COLLEGE TO ESTABLISH AND IMPLEMENT PROFESSIONAL DEVELOPMENT PROGRAMS FOR NEW BUSINESS OWNERS AND TRAIN PROSPECTIVE EMPLOYEES WITH CURRENT JOB SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyle Korver Vice Preside | OfficerTrustee | $0 | |
Daryl Beltman President | OfficerTrustee | $0 | |
Dave Hughes Secretary/tr | OfficerTrustee | $0 | |
Marty Guthmiller Board Member | Trustee | $0 | |
Jo Van Gorp Board Member | Trustee | $0 | |
Bradley K DE Jong Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $101,739 |
| Government grants | $46,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,750 |
| Noncash contributions included in lines 1a–1f | $101,739 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,789 |
| Total Program Service Revenue | $721,441 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $403,735 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,328,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,223 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,201 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,495 |
| Advertising and promotion | $4,200 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,778 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $334,416 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $244,665 |
| Insurance | $0 |
| All other expenses | $701 |
| Total functional expenses | $769,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,134 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,108,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $427,853 |
| Intangible assets | $0 |
| Other assets | $452,000 |
| Total assets | $11,104,202 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,746,125 |
| Total liabilities | $7,746,125 |
| Net assets without donor restrictions | $3,358,077 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,104,202 |
Grants Awarded
Over the last fiscal year, Ocdc Inc has awarded $198,057 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SIOUX COUNTY REGIONAL AIRPORT AGENC PURPOSE: DEVELOPMENT | $111,600 |
CITY OF ORANGE CITY PURPOSE: COMMUNITY DEVELOPMEN | $86,457 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ocdc Inc has recieved totaling $10,100.
| Awarding Organization | Amount |
|---|---|
Barnabas Foundation Crete, IL PURPOSE: General Support | $10,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Reinvestment Fund Inc Minneapolis, MN | $272,393,749 | $53,118,127 |
Iec Hotel Corporation West Des Moines, IA | $103,529,195 | $16,531,928 |
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
Black Hawk County Gaming Assoc Waterloo, IA | $18,246,475 | $5,898,126 |
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |
Watertown Development Company Watertown, SD | $26,777,594 | $1,539,881 |
Destination Medical Center Corporation Rochester, MN | $379,838 | $2,053,572 |
Far South Cdc Chicago, IL | $4,303,074 | $2,694,787 |
Northwest Side Community Development Corporation Milwaukee, WI | $11,140,702 | $4,254,876 |