ONE ECONOMY FINANCIAL DEVELOPMENT CORP Charity Report

Public IRS 990 nonprofit record

ONE ECONOMY FINANCIAL DEVELOPMENT CORP

EIN 83-3749919 · Community & Neighborhood Development (S20)

What they do

CREATE A PATHWAY to FINANCIAL STABILITY and WEALTH AMONG LOW to MODERATE INCOME INDIVIDUALS and SMALL BUSINESSES WITH AN EMPHASIS ON THE BLACK COMMUNITY IN CENTRAL IOWA.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

84.28%of revenue went to mission work78.0% of expenses · Program services

0.03%of revenue went to fundraising0.0% of expenses

$108.09spent for every $100 of revenueSpending was higher than revenue this year.

23.78%of revenue went to management and office costs22.0% of expenses

$2.13in assets for every $1 spent this yearSome assets cannot be spent right away.

91.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $20,300 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $87,923 for VINCE C LINTZ (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$251,013

Mission workProgram services$211,54484.28% of revenue78.0% of expenses

ManagementOffice and general costs$59,69623.78% of revenue22.0% of expenses

FundraisingAsking for donations$730.03% of revenue0.0% of expenses

Total expenses$271,313108.09% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 78.0% mission · 22.0% management · 0.0% fundraisingTotal expenses: 108.09% of revenue

2022Expense mix: 88.7% mission · 11.2% management · 0.1% fundraisingTotal expenses: 144.66% of revenue

2021Expense mix: 85.4% mission · 14.5% management · 0.2% fundraisingTotal expenses: 107.49% of revenue

2020Expense mix: 91.0% mission · 8.9% management · 0.0% fundraisingTotal expenses: 21.94% of revenue

Money in and money out

Revenue$251,013

Expenses$271,313

Annual shortfall $20,300 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$211,544 · 78.0% of expenses

Management and office costs$59,696 · 22.0% of expenses

Fundraising$73 · 0.0% of expenses

See all reported dollar amounts

Revenue$251,013

Expenses$271,313

Assets$577,253

Income$251,013

Contributions$229,994

Mission work (program services)$211,544

Fundraising$73

Management and general$59,696

Accounting fees$50,278

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

VINCE C LINTZEXECUTIVE DIRECTOR · 40 hrs/week $87,923Base $85,000 · Other $2,923

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

VINCE C LINTZEXECUTIVE DIRECTOR

ALEXIS DAVISBOARD MEMBER

ALIOU KEITABOARD MEMBER

AMELIA LOBOBOARD MEMBER

COLIN PENNYCOOKEBOARD MEMBER

DAVID ATTAWAYBOARD TREASURER

DR MARVIN DEJEARBOARD MEMBER

JOE BANTZBOARD MEMBER

LU SPAINEBOARD VICE CHAIR

MEG SCHNEIDERBOARD MEMBER

MIKE TRAMONTINABOARD SECRETARY

TED WILLIAMSBOARD CHAIR

TESSIE JOHNSONBOARD MEMBER

VADA GRANTHAMBOARD MEMBER

About this charity

Recognized since: January 2019
Location: PO BOX 270, DES MOINES, IA 50318
County: Polk
In care of: Vince Lintz
Primary officer: Vince Lintz, Executive Director

How to reach them

WebsiteVisit the charity’s website Phone(515) 500-6080 Officer phone(515) 490-3166

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Community & Neighborhood Development (S20)
IRS tax category: Community & Neighborhood Development