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EIN 88-2056384

Lester Development Corporation

IRS 501(c) type
501(c)(6)
Num. employees
0
City
Lester
State
Iowa
Year formed
2023
Most recent tax filings
2023-12-01
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
Description
Lester Development Corporation drives future growth and development in the village of Lester by partnering with local government, development foundations, businesses, and residents. The corporation provides available housing for individuals and families interested in moving to Lester while also creating opportunities for businesses looking to expand or relocate. It actively purchases and develops land for residential housing, offering affordable lots for purchase.
Total revenues
$542,693
2023
Total expenses
$207,166
2023
Total assets
$681,431
2023
Num. employees
0
2023

Program areas at Lester Development Corporation

Purchase and development of land for residential housing with affordable lots made available for purchase.

Who funds Lester Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Peoples Charitable FoundationGeneral Operations$10,000

Personnel at Lester Development Corporation

NameTitle
Jon GerberPresident

Financials for Lester Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$375,502
Program services$167,191
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$542,693

Form 990s for Lester Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-28990View PDF
Data update history
October 22, 2024
Used new vendors
Identified 1 new vendor, including
October 20, 2024
Received grants
Identified 1 new grant, including a grant for $10,000 from Peoples Charitable Foundation
January 22, 2024
Updated personnel
Identified 1 new personnel
January 1, 2024
Posted financials
Added Form 990N for fiscal year 2022
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
No full-time employees
General information
Address
PO Box 296
Lester, IA 51242
County
Lyon County, IA
Phone
(605) 670-0050
IRS details
EIN
88-2056384
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2023
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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