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EIN 83-3749919

One Economy Financial Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Des Moines
State
Iowa
Year formed
2019
Most recent tax filings
2022-09-01
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
$170,216
2022
Total expenses
$182,964
2022
Total assets
$616,098
2022
Num. employees
0
2022

Program areas at One Economy Financial Development Corporation

The solidarity loan program makes loans to those unserved or underserved by the traditional banking system. The program was funded in june 2021 and made 30 loans totaling $143,325 to 18 different clients.

Who funds One Economy Financial Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Directors Council$237,500
Community Foundation of Greater Des MoinesGrant Distribution$37,400
Community Foundation of Greater Des MoinesGrant Distribution$10,000

Personnel at One Economy Financial Development Corporation

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

Financials for One Economy Financial Development Corporation

RevenuesFYE 09/2022
Total grants, contributions, etc.$162,384
Program services$0
Investment income and dividends$7,832
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$170,216

Form 990s for One Economy Financial Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-15990View PDF
2021-092023-09-27990View PDF
2021-092022-08-15990View PDF

Organizations like One Economy Financial Development Corporation

OrganizationLocationRevenue
Up Community Impact Fund CorporationHouston, TX$125,274
H Street Finance CorporationWashington, DC$124,435
Hoc LendingNew Haven, CT$144,586
Redec Relending CorporationPainted Post, NY$400,791
Economic Opportunities FundPhiladelphia, PA$308,534
Chehalis Tribal Loan FundOakville, WA$200,518
Community Capital AdvisorsPhiladelphia, PA$742,865
Griggs-Steele Empowerment ZoneFinley, ND$162,623
Niijii Capital PartnersKeshena, WI$406,237
First Nations Community FinancialBlack River Falls, WI$832,704
Data update history
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
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 22, 2023
Received grants
Identified 2 new grant, including a grant for $37,400 from Community Foundation of Greater Des Moines
Nonprofit Types
Business and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Tax deductible donationsNo full-time employees
General information
Address
PO Box 270
Des Moines, IA 50318
Metro area
Des Moines-West Des Moines, 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
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