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      <NetIncomeOrLoss>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeOrLoss>
      <TotalOtherRevenue>0</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>7943346</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1393483</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>278105</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>0</Total>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>0</Total>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>677684</Total>
        <ManagementAndGeneral>677684</ManagementAndGeneral>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>1296845</Total>
        <ProgramServices>641706</ProgramServices>
        <ManagementAndGeneral>655139</ManagementAndGeneral>
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      <PensionPlanContributions>
        <Total>53102</Total>
        <ProgramServices>34088</ProgramServices>
        <ManagementAndGeneral>19014</ManagementAndGeneral>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>161121</Total>
        <ProgramServices>54935</ProgramServices>
        <ManagementAndGeneral>106186</ManagementAndGeneral>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>129436</Total>
        <ProgramServices>45988</ProgramServices>
        <ManagementAndGeneral>83448</ManagementAndGeneral>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>17321</Total>
        <ProgramServices>11359</ProgramServices>
        <ManagementAndGeneral>5962</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>61550</Total>
        <ManagementAndGeneral>61550</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>200846</Total>
        <ProgramServices>200846</ProgramServices>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>0</Total>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>0</Total>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>1801778</Total>
        <ProgramServices>1189033</ProgramServices>
        <ManagementAndGeneral>612745</ManagementAndGeneral>
      </FeesForServicesOther>
      <Advertising>
        <Total>92958</Total>
        <ProgramServices>4409</ProgramServices>
        <ManagementAndGeneral>88549</ManagementAndGeneral>
      </Advertising>
      <OfficeExpenses>
        <Total>540922</Total>
        <ProgramServices>399813</ProgramServices>
        <ManagementAndGeneral>141109</ManagementAndGeneral>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>0</Total>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>0</Total>
      </Occupancy>
      <Travel>
        <Total>110574</Total>
        <ProgramServices>65032</ProgramServices>
        <ManagementAndGeneral>45542</ManagementAndGeneral>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>0</Total>
      </ConferencesMeetings>
      <Interest>
        <Total>20631</Total>
        <ProgramServices>20599</ProgramServices>
        <ManagementAndGeneral>32</ManagementAndGeneral>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>269765</Total>
        <ProgramServices>237339</ProgramServices>
        <ManagementAndGeneral>32426</ManagementAndGeneral>
      </DepreciationDepletion>
      <Insurance>
        <Total>31833</Total>
        <ManagementAndGeneral>31833</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>SPECIAL PROGRAM FUNDING</Description>
        <Total>1115598</Total>
        <ProgramServices>1115598</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>WRITE OFF UNCOLLECTIBLE LOANS</Description>
        <Total>259011</Total>
        <ProgramServices>258511</ProgramServices>
        <ManagementAndGeneral>500</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>EQUIPMENT RENTAL &amp; MAINTENANCE</Description>
        <Total>42659</Total>
        <ProgramServices>10877</ProgramServices>
        <ManagementAndGeneral>31782</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>AWARDS</Description>
        <Total>100891</Total>
        <ProgramServices>100000</ProgramServices>
        <ManagementAndGeneral>891</ManagementAndGeneral>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>6984525</Total>
        <ProgramServices>4390133</ProgramServices>
        <ManagementAndGeneral>2594392</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>5300320</BOY>
        <EOY>5322113</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>998794</BOY>
        <EOY>1007079</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>881150</BOY>
        <EOY>1265285</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>388001</BOY>
        <EOY>862815</EOY>
      </AccountsReceivable>
      <LandBuildingsEquipmentBasis>12928158</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>2938682</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>9516595</BOY>
        <EOY>9989476</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsOtherSecurities>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </InvestmentsOtherSecurities>
      <InvestmentsProgramRelated>
        <BOY>1883821</BOY>
        <EOY>1976742</EOY>
      </InvestmentsProgramRelated>
      <OtherAssetsTotal>
        <BOY>75520</BOY>
        <EOY>78972</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>19044201</BOY>
        <EOY>20502482</EOY>
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      <AccountsPayableAccruedExpenses>
        <BOY>1432895</BOY>
        <EOY>1149026</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>348024</BOY>
        <EOY>770691</EOY>
      </DeferredRevenue>
      <MortNotesPyblSecuredInvestProp>
        <BOY>509500</BOY>
        <EOY>830985</EOY>
      </MortNotesPyblSecuredInvestProp>
      <OtherLiabilities>
        <BOY>264692</BOY>
        <EOY>359188</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>2555111</BOY>
        <EOY>3109890</EOY>
      </TotalLiabilities>
      <DoNotFollowSFAS117>X</DoNotFollowSFAS117>
      <PaidInCapSrplsLandBldgEqpFund>
        <BOY>16489090</BOY>
        <EOY>17392592</EOY>
      </PaidInCapSrplsLandBldgEqpFund>
      <TotalNetAssetsFundBalances>
        <BOY>16489090</BOY>
        <EOY>17392592</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>19044201</BOY>
        <EOY>20502482</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>958821</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>-55319</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="IRS990ScheduleD">
      <ArtPublicExhibitionAmts />
      <HeldWorksOfArtAmts />
      <Land>
        <OtherCostOrOtherBasis>2673576</OtherCostOrOtherBasis>
        <BookValue>2673576</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>9490246</OtherCostOrOtherBasis>
        <Depreciation>2341445</Depreciation>
        <BookValue>7148801</BookValue>
      </Buildings>
      <LeaseholdImprovements />
      <Equipment />
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>764336</OtherCostOrOtherBasis>
        <Depreciation>597237</Depreciation>
        <BookValue>167099</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>9989476</TotalOfBookValueLandBuildings>
      <InvestmentsProgramRelated>
        <Description>NOTES RECEIVABLE</Description>
        <BookValue>1976742</BookValue>
        <MethodOfValuation>C</MethodOfValuation>
      </InvestmentsProgramRelated>
      <TotalOfBookValueProgramRelated>1976742</TotalOfBookValueProgramRelated>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <OtherLiabilities>
        <Description>OTHER LIABILITIES</Description>
        <Amount>335867</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>DEPOSITS HELD IN CUSTODY</Description>
        <Amount>23321</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>359188</TotalOfAmounts>
    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ">
      <CompensationCommittee>X</CompensationCommittee>
      <IndependentConsultant>X</IndependentConsultant>
      <Form990OfOtherOrganizations>X</Form990OfOtherOrganizations>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>DENNIS COLEMAN</NamePerson>
        <BaseCompensationFilingOrg>157327</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>20911</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>11013</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>5762</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>195013</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JOYCE STEIGER</NamePerson>
        <BaseCompensationFilingOrg>144129</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>18950</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>10089</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>5449</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>178617</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JACKIE WELLINGTON</NamePerson>
        <BaseCompensationFilingOrg>132694</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>17700</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>9289</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>5763</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>165446</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>BOARD'S REVIEW OF 990</Identifier>
        <ReturnReference>PART VI, SECTION B, 11</ReturnReference>
        <Explanation>THE 990 WAS EMAILED TO THE BUDGET/AUDIT COMMITTEE FOR THEIR REVIEW PRIOR TO FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>REVIEW OF CONFLICTS OF INTEREST</Identifier>
        <ReturnReference>PART VI, SECTION B, 12C</ReturnReference>
        <Explanation>THE SLCEC REVIEWS THE PRINCIPALS ENGAGED IN CONTRACTUAL RELATIONSHIPS ANNUALLY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DETERMINING COMPENSATION</Identifier>
        <ReturnReference>PART VI, SECTION B, 15</ReturnReference>
        <Explanation>AN INDEPENDENT COMPENSATION CONSULTANT IS UTILIZED. THE CONSULTANT REVIEWS MARKET CONDITIONS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOC'S AVAILABLE TO PUBLIC</Identifier>
        <ReturnReference>PART VI, SECTION C, 19</ReturnReference>
        <Explanation>GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE FURNISHED UPON WRITTEN REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER PROGRAM SERVICES</Identifier>
        <ReturnReference>PART III, 4D</ReturnReference>
        <Explanation>THE ENTERPRISE CENTERS OPERATE AS INCUBATORS FOR NEW BUSINESSES. THIS ENVIRONMENT PROVIDES SUPPORT, COUNSELING AND OFFICE SPACE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER CHANGES IN FUND BALANCE</Identifier>
        <ReturnReference>PART XI, 5</ReturnReference>
        <Explanation>UNREALIZED LOSSES ON INVESTMENTS OF $55,319</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>INDUSTRIAL DEVELOPMENT AUTHORITY</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>121 SOUTH MERAMEC SUITE 900</AddressLine1>
          <City>ST LOUIS</City>
          <State>MO</State>
          <ZIPCode>63105</ZIPCode>
        </AddressUS>
        <EIN>431170145</EIN>
        <PrimaryActivities>DEVELOPMENT</PrimaryActivities>
        <LegalDomicileState>MO</LegalDomicileState>
        <ExemptCodeSection>6</ExemptCodeSection>
        <DirectControllingEntityName>
          <BusinessNameLine1>SLCEC</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>HEARTLAND REGIONAL INVESTMENT FUND</BusinessNameLine1>
        </NameOfRelatedOrg>
        <EIN>272209734</EIN>
        <PrimaryActivity>COMMUNITY DEVLPMT</PrimaryActivity>
        <LegalDomicileState>MO</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>EXCLUDED FROM TAX</PredominantIncomeType>
        <ShareOfTotalIncome>0</ShareOfTotalIncome>
        <ShareOfEOYAssets>0</ShareOfEOYAssets>
        <DisproportionateAllocations>false</DisproportionateAllocations>
        <GeneralOrManagingPartner>true</GeneralOrManagingPartner>
        <PercentageOwnership>0.51000</PercentageOwnership>
      </Form990ScheduleRPartIII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>true</SharingOfFacilities>
      <SharingOfPaidEmployees>true</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>true</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>