Overview
What is Henry County Industrial Development Corp?
Henry County Industrial Development Corp (HCIDC) is a nonprofit organization based in MT PLEASANT, IOWA, specifically at 124 S MAIN, ZIPCODE 52641. Their primary mission is to enhance the living standards of Henry County's residents by fostering economic growth. Over the past decade, HCIDC has played a significant role in the development of major manufacturing operations, such as West Liberty Foods/Millard Refrigerated Services and Fluoro-Seal, which collectively contribute over $6.9 million in taxable value and employ over 500 individuals. Additionally, HCIDC constructed a speculative shell building in 2009, which was later sold during 2015. The building's existence was instrumental in persuading Golden Eagle Distributing Co. to consider MT PLEASANT for a new location, ultimately resulting in a property with a taxable value of $7.6 million. HCIDC also maintains various programs, including business attraction, retention, and expansion, entrepreneurial support, education, and community development, through its affiliate, the Mount Pleasant Area Development Commission.
Official website here: www.mountpleasantiowa.org
What do the Facebook reviews say about Henry County Industrial Development Corp?
86% of reviewers on Facebook recommend the Henry County Industrial Development Corp. Here is a summary of their reviews:
Many patrons appreciate the family-friendly atmosphere and the diverse activities offered by the nonprofit. Local vendors showcase their products, enhancing the community-oriented experience, while the live music adds an entertaining touch to events.
Overall, the organization appears to effectively foster community involvement and provide enjoyable experiences for attendees. Positive sentiments reflect a strong connection between the nonprofit and the community it serves.
This AI summary has been generated from reviews found on Facebook.
Is Henry County Industrial Development Corp legitimate?
Henry County Industrial Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Henry County Industrial Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.mountpleasantiowa.org
What is the mission statement of Henry County Industrial Development Corp?
The Henry County Industrial Development Corporation's mission is centered around improving the quality of life for its residents. This is achieved through economic growth. Over the past decade, the corporation has facilitated the development of significant manufacturing operations, leading to an increase in taxable valuation and job creation. It has constructed speculative shell buildings and played a crucial role in attracting businesses to the area, ultimately contributing to further economic growth. The corporation's efforts extend to various programs, including business attraction, retention, and expansion, entrepreneurial support, education, and community development.
Official website here: www.mountpleasantiowa.org
Who is the CEO of Henry County Industrial Development Corp?
Rachel Lindeen is the Exec Director/Secretary of Henry County Industrial Development Corp.
Official website here: www.mountpleasantiowa.org
What is the revenue of Henry County Industrial Development Corp?
Henry County Industrial Development Corp's revenue in 2022 was $587.
Official website here: www.mountpleasantiowa.org
Who are the executives of Henry County Industrial Development Corp and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.mountpleasantiowa.org
Where can I find the form 990 for Henry County Industrial Development Corp?
Henry County Industrial Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mountpleasantiowa.org
Learn more at the official website: www.mountpleasantiowa.org
Mission Statement of Henry County Industrial Development Corp
Henry County Industrial Development Corporation, often referred to as HCIDC, is dedicated to improving the quality of life for the residents of Henry County, Iowa, primarily through economic growth. Over the past decade, HCIDC has played a significant role in facilitating the development of major manufacturing operations in Crossroads Industrial Park, attracting businesses such as West Liberty Foods/Millard Refrigerated Services and Fluoro-Seal. These businesses have brought in a taxable valuation of over $6.9 million and created over 500 jobs.
Furthermore, HCIDC has demonstrated its commitment to economic growth by completing the construction of a speculative shell building in 2009. This building served as a crucial first step in convincing Golden Eagle Distributing Co. to consider Mount Pleasant as a potential location, ultimately leading to the construction of a property with a taxable valuation of $7.6 million. Additionally, HCIDC, through its affiliate, the Mount Pleasant Area Development Commission, maintains programs in various sectors, including business attraction, business retention and expansion, entrepreneurial support, education, and community development. These initiatives aim to foster a thriving business environment and ultimately enhance the overall quality of life for the residents of Henry County.
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Impact
October, 2024
Henry County Industrial Development Corp (HCIDC) plays a pivotal role in enhancing the quality of life for residents of Henry County, Iowa, primarily through economic growth initiatives. Over the past decade, HCIDC has facilitated the establishment of two significant manufacturing operations in the Crossroads Industrial Park—West Liberty Foods/Millard Refrigerated Services and Fluoro-Seal—generating over $6.9 million in taxable valuation and creating more than 500 jobs.
In addition to attracting major businesses, HCIDC completed the construction of a speculative shell building in 2009, which was instrumental in attracting Golden Eagle Distributing Co. to Mount Pleasant. This investment has resulted in an additional taxable valuation of $7.6 million for the community.
Through its affiliate, the Mount Pleasant Area Development Commission, HCIDC implements diverse programs focusing on business attraction, retention, expansion, entrepreneurial support, education, and community development. These programs collectively contribute to a thriving local economy and create a more vibrant, sustainable community for current and future residents.
This information is meant to be a general summary of Henry County Industrial Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $572
- Gross Receipts: $587
Assets and Liabilities:
- Total Assets: $321,742
- Total Liabilities: $0
- Net Assets: $321,742
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Organization Details
Founding Year
1959
Phone
(319) 385-3101Principal Officer
Rachel Lindeen
Main Address
124 S MAIN, MT PLEASANT, IA, 52641
Website
www.mountpleasantiowa.orgNTEE Category
Code: S31 - Community improvement
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