CLINTON BUSINESS PARK DEVLOPMENT CORP: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
CLINTON BUSINESS PARK DEVLOPMENT CORP (EIN 81-0545977)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-06-26
IRS object ID
202301779349301455
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-06-26T17:09:44-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN270402452PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WINKEL PARKER & FOSTER CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11301 19TH AVE NWAddressLine1Txt
CityCLINTONCityNm
State AbbreviationIAStateAbbreviationCd
ZIP527322434ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN810545977EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CLINTON BUSINESS PARKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCLINBusinessNameControlTxt
Phone5632425702PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1721 S 2ND STREET SUITE 1AddressLine1Txt
CityCLINTONCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52732ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT HOLESINGERPersonNm
Person TitleCHAIRPersonTitleTxt
Phone5632425702PhoneNum
Signature2023-05-10SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstROBERTPersonFirstNm
Person LastHOLESINGERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARY L FOSTER CPAPreparerPersonNm
PTINP00055209PTIN
Phone5632423440PhoneNum
Preparation2023-06-08PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerROBERT HOLESINGERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1721 S 2ND ST STE 1AddressLine1Txt
CityCLINTONCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52732ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$35,382GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Activity Or MissionTO AQUIRE FARMLAND AND DEVELOP IT AS AN INDUSTRIAL PARK.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$14,368TotalGrossUBIAmt
CY Contributions Grants$0CYContributionsGrantsAmt
CY Program Service Revenue$14,177CYProgramServiceRevenueAmt
PY Investment Income$2,133PYInvestmentIncomeAmt
CY Investment Income$363CYInvestmentIncomeAmt
PY Other Revenue$17,811PYOtherRevenueAmt
CY Other Revenue$14,368CYOtherRevenueAmt
PY Total Revenue$19,944PYTotalRevenueAmt
CY Total Revenue$28,908CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$10,246PYOtherExpensesAmt
CY Other Expenses$6,995CYOtherExpensesAmt
PY Total Expenses$10,246PYTotalExpensesAmt
CY Total Expenses$6,995CYTotalExpensesAmt
PY Revenues Less Expenses$9,698PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$21,913CYRevenuesLessExpensesAmt
Total Assets BOY$1,293,494TotalAssetsBOYAmt
Total Assets EOY$1,315,467TotalAssetsEOYAmt
Total Liabilities BOY$6,423TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,483TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,287,071NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,308,984NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO AQUIRE FARMLAND AND DEVELOP IT AS AN INDUSTRIAL PARK.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$5,083ExpenseAmt
DescINDUSTRIAL PARK DEVELOPMENT. DEVELOPING LAND TO BE USED AS AN INDUSTRIAL PARK USING FARMLAND.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$1,912ExpenseAmt
DescINDUSTRIAL PARK DEVELOPMENT. DEVELOPING LAND TO BE USED AS AN INDUSTRIAL PARK USING FARMLAND.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$1,912TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$6,995TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldIAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCLINTON AREA CHAMBER OF COMMERCEPersonNm
Phone5632425702PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1721 S 2ND ST STE 1AddressLine1Txt
CityCLINTONCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52732ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
BOB ALLMANDINGER
DIRECTORYes (X)$0$0$0
STEVE CLEMENTS
DIRECTORYes (X)$0$0$0
TOM DETERMANN
DIRECTORYes (X)$0$0$0
ROBERT HOLESINGER
CHAIRYes (X)$0$0$0
DENNIS LAUVER
MARKETING LIYes (X)$0$0$0
MAUREEN MILLER
SECRETARYYes (X)$0$0$0
SCOTT MADDASION
MAYORYes (X)$0$0$0
RICHARD PHELAN
DIRECTORYes (X)$0$0$0
ANDY SOKOLOVICH
DIRECTORYes (X)$0$0$0
JOHN TOTTEN
DIRECTORYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescLAND SALEDesc
Business531390BusinessCd
Total Revenue Column$14,177TotalRevenueColumnAmt
Related Or Exempt Func Income$14,177RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$14,177TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$363TotalRevenueColumnAmt
Exclusion$363ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$20,842RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$6,474RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$14,368RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,368TotalRevenueColumnAmt
Unrelated Business Revenue$14,368UnrelatedBusinessRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$28,908TotalRevenueColumnAmt
Related Or Exempt Func Income$14,177RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$14,368UnrelatedBusinessRevenueAmt
Exclusion$363ExclusionAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$730TotalAmt
Program Services$730ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,558TotalAmt
Program Services$1,558ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$354TotalAmt
Program Services$354ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
MOWING$1,965$1,965
COST OF LAND SOLD$1,503$1,503
INSURANCE$875$875
ADMINISTRATIVE EXPENSES$10$10

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,995TotalAmt
Program Services$6,995ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$65,949BOYAmt
EOY$89,426EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$113,214BOYAmt
EOY$113,568EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,137,919LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$25,446LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,114,331BOYAmt
EOY$1,112,473EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,293,494BOYAmt
EOY$1,315,467EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$6,423BOYAmt
EOY$6,483EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,423BOYAmt
EOY$6,483EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$971,477BOYAmt
EOY$993,390EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$315,594BOYAmt
EOY$315,594EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,287,071BOYAmt
EOY$1,308,984EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,293,494BOYAmt
EOY$1,315,467EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$21,913ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,087,207OtherCostOrOtherBasisAmt
Book Value$1,087,207BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$50,712OtherCostOrOtherBasisAmt
Depreciation$25,446DepreciationAmt
Book Value$25,266BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,112,473TotalBookValueLandBuildingsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4DINDUSTRIAL PARK DEVELOPMENT. DEVELOPING LAND TO BE USED AS AN INDUSTRIAL PARK USING FARMLAND.
FORM 990, PAGE 6, PART VI, LINE 11BA COPY OF THE RETURN IS FORWARDED TO ALL BOARD MEMBERS BEFORE SUBMITTING.
FORM 990, PAGE 6, PART VI, LINE 19THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO ANY BOARD MEMBER.

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