Form 990 for the fiscal year ending June 2023 (IRS tax year 2022).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 96% | — | — |
| Overhead ratio | 4% | — | — |
| Revenue growth | 11% | — | — |
| Investment management fee ratio | 0.5% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0.2% | — | — |
| Fundraising fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Officers, Directors & Key Employees
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Matt Mendenhall | $159,365 | $162,513 | $154,046 | $132,383 | $129,538 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Governance & Policies
Mission and programs
Awards grants to community agencies for charitable purposes.
The Regional Development Authority strategically funds initiatives to create a vibrant, inclusive, and growing community.
RDA is the non-profit license holder and Qualified Sponsoring Organization for Rhythm City Casino Resort in Davenport, IA, using casino gaming funds to award community grants. Grants go to qualified nonprofits, educational, and governmental entities, with applications accepted each spring and fall.
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- Mailing address5403 Victoria Ave, 300 Davenport IA 52807
Where the work happens
Provided support to organizations qualified to receive funds into the following categories: riverfront development, neighborhood development, economic development, culture, heritage, and education.
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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2025 Latest | $7.1M | $6.0M | -1% | 990 PDF |
| FY2024 | $7.2M | $6.2M | -9% | 990 PDF |
| FY2023 Viewing | $7.9M | $6.6M | +11% | 990 PDF |
| FY2022 | $7.1M | $6.2M | -1% | 990 PDF |
| FY2021 | $7.2M | $5.0M | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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