Mission
ECONOMIC DEVELOPMENT
Public Charity
WATERLOO DEVELOPMENT CORPORATION
WATERLOO DEVELOPMENT CORPORATION, of WATERLOO, IA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $1.7M in revenue, $347K in expenses, $2.6M in total assets. 13 publicly reported grants to this organization, totaling roughly $9.1M, appear in IRS filings.
EIN: 421505470
WATERLOO, IA
Economic Development
NTEE: S30
Latest filing: 2024
Total Revenue$1.7M
Total Expenses$347K
Total Assets$2.6M
Grant Records13
Funding Total$9.1M
Filing Years2020–2024
Where $100 goes at Waterloo Development Corporation
How Waterloo Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$93
Programs
the work itself
$7
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $93 for programs
$93
Promote civic, industrial, mercantile, traffic and transportation, agricultural and other interest of Waterloo, cedar falls and northeast iowa areas.During the 2014 tax year, the organization completed construction of…
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
DOWNTOWN SIGNAGE/HARD COURT FACILITY/PROPERTY ACQUISITION/TERMINATED GRANTS
$3,428,958
PROPERTY ACQUISITIONS/BLIGHT ELIMINATION/PROPERTY ZONING AND RENOVATIONS
$2,492,000
INDOOR COURT FACILITY (HARD COURT TOURNAMENT CENTER), PROPERTY ACQUISITION
$1,029,250
BRIDGE LIGHTING DESIGN FEES
$1,656,135
BRIDGE LIGHTING
$74,900
Showing up to 5 of 13 total records — full history available with membership.
Officers & Directors
PRESIDENT
Daniel Watters
SECRETARY
Eric Johnson
TREASURER
Fabio Castro
DIRECTOR
James Miller
DIRECTOR
Kristin Schaefer
DIRECTOR (THRU 10/24)
Rebecca Guinn
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $1.7M | $347K | $2.6M |
| 2023 | $694K | $167K | $1.2M |
| 2022 | $877K | $482K | $696K |
| 2021 | $124K | $127K | $301K |
| 2020 | $106K | $107K | $305K |
Between 2020 and 2024, reported annual revenue grew from $106K to $1.7M (+1509%), with total assets most recently reported at $2.6M.
Interactive year-over-year charts and full filing details available with membership.