PALESTINE ECONOMIC DEVELOPMENT CORPORATION

Address
3619 EAST 35TH STREET
KANSAS CITY, MO 64128
Contact
Phone: +1 (816) 921-6009
Nonprofit
NTEE: S20 - Community, Neighborhood Development, Improvement (General)
EIN: 31-1815055

Mission

The Organization was created to address senior housing, youth development, and community development needs in the Greater Kansas City, Missouri metropolitan area.
 20162015201420132012
Basic features of the organization
Year of formation2003
Subsection code03
PF filing required0    
Metropolitan statistical area3760
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$0.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of volunteers13    
Personnel
Benson, Phillip
Title  VICE PRESIDENTVice PresidentVice President
Name of key/compensated person  PHILLIP BENSONPhillip M BensonPhillip M Benson
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  005.00001.00010.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Boyd, Karen
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personKAREN BOYDKAREN BOYDKAREN BOYDKaren BoydKaren Boyd
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00002.00000.25004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Butler, Kevin
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personDR KEVIN BUTLERDR KEVIN BUTLERDR KEVIN BUTLERDr Kevin ButlerDr Kevin Butler
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00002.00000.25004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Butler, Leonard
TitleDIRECTORDIRECTORDIRECTOR Director
Name of key/compensated personREV LEONARD BUTLER JRREV LEONARD BUTLER JRREV LEONARD BUTLER JR Rev Leonard P Butler Jr
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Average hours per week working for org001.00001.00002.00 004.00
Reportable compensation from org$0.00$0.00$0.00 $0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00 $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00 $0.00
Ferguson, Kenneth
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personKENNETH FERGUSONKENNETH FERGUSONKENNETH FERGUSONKenneth FergusonKenneth Ferguson
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00002.00000.25004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Gross, Melvin
TitleCHARIMANCHARIMANCHARIMANChairmanChairman
Name of key/compensated personMELVIN GROSSMELVIN GROSSMELVIN GROSSMelvin GrossMelvin Gross
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00005.00001.00015.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Hodges, Damon
TitleSECRETARY/TREASURERSECRETARY/TREASURERSECRETARY/TREASURERSecretary/TreasurerSecretary/Treasurer
Name of key/compensated personDAMON HODGESDAMON HODGESDAMON HODGESDamon HodgesDamon Hodges
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00005.00001.00010.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Jones, Leota
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personLEOTA JONESLEOTA JONESLEOTA JONESLeota JonesLeota Jones
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00002.00000.25004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Jones, Wendell
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personWENDELL JONESWENDELL JONESWENDELL JONESWendell JonesWendell Jones
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00002.00000.25004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Patnode, Terry
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personTERRY PATNODETERRY PATNODETERRY PATNODETerry PatnodeTerry Patnode
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00002.00000.25004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Rexroth, Dan
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personDAN REXROTHDAN REXROTHDAN REXROTHDan RexrothDan Rexroth
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00002.00000.25004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Rice-Harris, Carrie
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personCARRIE RICE-HARRISCARRIE RICE-HARRISCARRIE RICE-HARRISCarrie A Rice-HarrisCarrie A Rice-Harris
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00002.00000.25004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Scott, Jim
Title  DIRECTORDirectorDirector
Name of key/compensated person  JIM SCOTTJim ScottJim Scott
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  002.00000.25004.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Smith, Twana
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personTWANA SMITHTWANA SMITHTWANA SMITHTwana SmithTwana Smith
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00002.00000.25004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Staples, Sharon
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personSHARON STAPLESSHARON STAPLESSHARON STAPLESSharon StaplesSharon Staples
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00002.00000.25004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesThe Organization was created to address senior housing, youth development, and community development needs in the Greater Kansas City, Missouri metropolitan area.The Organization was created to address senior housing, youth development, and community development needs in the Greater Kansas City, Missouri metropolitan area.The Organization was created to address senior housing, youth development, and community development needs in the Greater Kansas City, Missouri metropolitan area.Established to address senior housing, youth development and community development in the urban community.Established to address senior housing, youth development and community development in the urban community.
Programs, including revenue & expenses
No progromattic activities were conducted this year.
Program description No progromattic activities were conducted this year.No progromattic activities were conducted this year.  
Our purpose is to encourage and promote the economic, entrepreneurial, commercial, and civic development or redevelopment of a community or area, including construction-rehabilitation of housing that benefits the low-income residents of the communities we serve. Within this purpose, we have begun the development of a new senior citizen assisted living facility in Kansas City, Missouri urban core.
Program descriptionOur purpose is to encourage and promote the economic, entrepreneurial, commercial, and civic development or redevelopment of a community or area, including construction-rehabilitation of housing that benefits the low-income residents of the communities we serve. Within this purpose, we have begun the development of a new senior citizen assisted living facility in Kansas City, Missouri urban core.    
The purpose of Palestine Economic Development is to encourage and promote the industrial, economic entrepreneurial, commerical and civic development or redevelopment of a community or area, including provisions for housing and community economic development projects that benefit low-income individuals and communities. Within this purpose is the development of senior citizen housing.
Program description   The purpose of Palestine Economic Development is to encourage and promote the industrial, economic entrepreneurial, commerical and civic development or redevelopment of a community or area, including provisions for housing and community economic development projects that benefit low-income individuals and communities. Within this purpose is the development of senior citizen housing.The purpose of Palestine Economic Development is to encourage and promote the industrial, economic entrepreneurial, commerical and civic development or redevelopment of a community or area, including provisions for housing and community economic development projects that benefit low-income individuals and communities. Within this purpose is the development of senior citizen housing.
Financial data
Revenue
Total revenue$50.00$8,400.00$638.00$3,087.00$18,250.00
Revenue from contributions (total)$50.00$8,400.00$0.00$0.00$18,250.00
Investment income, current yr$0.00$0.00$0.00$0.00$0.00
Total revenue from grants, etc., current yr$50.00$8,400.00$0.00$0.00$18,250.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$638.00$3,087.00$0.00
Program service revenue (total) $0.00$0.00$0.00$0.00
Gross receipts$50.00$8,400.00$638.00$3,087.00$18,250.00
Sources of contributions
Revenue from all other contributions$50.00$8,400.00  $18,250.00
Other types of revenue
Miscellaneous revenue (total)  $638.00$3,087.00 
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$3,507.00$6,839.00$3,024.00$5,220.00$9,982.00
Total functional expenses: program service $0.00$0.00$0.00$0.00$0.00
Total functional expenses: management and general$3,507.00$6,839.00$3,024.00$5,220.00$9,982.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00$0.00$0.00
Legal fees (total)$0.00$0.00$0.00$0.00$0.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$1,241,491.00$1,206,527.00$1,204,807.00$1,207,493.00$1,211,788.00
Total assets, beginning of year$1,206,527.00$1,204,807.00$1,207,493.00$1,211,788.00$1,914,356.00
Total liabilities$163,147.00$124,726.00$124,567.00$124,867.00$127,029.00
Total liabilities, beginning of year$124,726.00$124,567.00$124,867.00$127,029.00$837,864.00
Unrestricted net assets, end of yr$1,078,344.00$1,081,801.00$1,080,240.00$1,082,626.00$1,084,759.00
Net assets$1,078,344.00$1,081,801.00$1,080,240.00$1,082,626.00$1,084,759.00
Net assets, beginning of year$1,081,801.00$1,080,240.00$1,082,626.00$1,084,759.00$1,076,492.00
Cash: non-interest bearing$3,095.00$12,711.00$10,991.00$13,677.00$17,972.00
Cash: non-interest bearing, beginning of year$12,711.00$10,991.00$13,677.00$17,972.00$6,994.00
Other financial variables
Revenue less expenses-$3,457.00$1,561.00-$2,386.00-$2,133.00$8,268.00
Advertising (total)$0.00$0.00$0.00$0.00$0.00
Accounts receivable, net$44,580.00    
Accounts payable & accrued expenses$24,570.00$24,726.00$24,567.00$24,867.00$27,029.00
Unsecured notes & loans to unrelated parties$138,577.00$100,000.00$100,000.00$100,000.00$100,000.00
Total net assets or fund balances$1,078,344.00$1,081,801.00$1,080,240.00$1,082,626.00$1,084,759.00
Depreciation, depletion, amortization$0.00$0.00$0.00$0.00$0.00
Payment to affiliates$0.00$0.00$0.00$0.00$0.00
Governance and accountability
Number of voting members1313151415
Number of independent voting members1313151415
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-01-102017-01-172016-02-182014-12-292013-12-24
IRS schema version2016v3.02015v2.12014v5.02013v3.12012v2.2
Filing identifier201713189349306881201632639349300903201543209349313669201413199349300401201333189349304818
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