1. Directory
  2. Iowa
  3. Des Moines
  4. One Economy Financial Development Corp
EIN 83-3749919

One Economy Financial Development Corp

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Des Moines
State
Iowa
Year formed
2019
Most recent tax filings
2023-09-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
One Economy Financial Development Corporation aims to create a pathway to financial stability and wealth for low to moderate income individuals and small businesses, particularly the Black community in Central Iowa. The organization's Solidarity Loan Program funds loans for those who are underserved by traditional banks, with 30 loans totaling $143,325 given to 18 clients since its inception in June 2021. One Economy Financial Development Corporation is located in Des Moines, IA.
Total revenues
$193,219
2023
Total expenses
$279,516
2023
Total assets
$665,512
2023
Num. employees
0
2023

Program areas at One Economy Financial Development Corp

The solidarity loan program makes loans to those unserved or underserved by the traditional banking system. During fiscal year september 30, 2023, the organization made 24 loans totaling $134,175 to 18 different clients.

Who funds One Economy Financial Development Corp

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
United Way of Central IowaCivic Clinic$25,000
The Directors CouncilGeneral Program Support$20,000
Community Foundation of Greater Des MoinesFunding To Support the Ongoing Work of the One Economy Financial Development Corporation.$13,250

Personnel at One Economy Financial Development Corp

NameTitleCompensation
Vince LintzExecutive Director$82,793
Lu SpaineBoard Vice Chair$0
Ted WilliamsBoard Chair$0
David AttawayBoard Treasurer$0
Mike TramontinaBoard Secretary$0

Financials for One Economy Financial Development Corp

RevenuesFYE 09/2023
Total grants, contributions, etc.$172,617
Program services$5,689
Investment income and dividends$14,913
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$193,219

Form 990s for One Economy Financial Development Corp

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-14990View PDF
2022-092023-08-15990View PDF
2021-092023-09-27990View PDF
2021-092022-08-15990View PDF
Data update history
September 22, 2024
Used new vendors
Identified 1 new vendor, including
August 26, 2024
Received grants
Identified 3 new grant, including a grant for $25,000 from United Way of Central Iowa
October 15, 2023
Updated personnel
Identified 2 new personnel
October 10, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 24, 2023
Received grants
Identified 1 new grant, including a grant for $237,500 from The Directors Council
Nonprofit Types
Business and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Tax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 270
Des Moines, IA 50318
Metro area
Des Moines-West Des Moines, IA
County
Polk County, IA
Website URL
oefdc.org/ 
Phone
(515) 500-6080
IRS details
EIN
83-3749919
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
Free account sign-up

Want updates when One Economy Financial Development Corp has new information, or want to find more organizations like One Economy Financial Development Corp?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2025 Nonprofit Metrics LLC
Terms of Service and Privacy Policy