2023-10-02T09:34:52-05:00 2022-12-31 420794029 DENMAN & COMPANY LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2022-01-01 842607571 INVEST DSM INVE 5152218410 525 SW 5TH STREET F DES MOINES IA 50309 AMBER LYNCH EXECUTIVE DIRECTOR 5152218410 2023-10-02 1 AMBER LYNCH 999009999 0 JEFFEREY ROY P01951847 5152258400 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z AMBER LYNCH 525 SW 5TH STREET F DES MOINES IA 50309 10543054 0 X WWW.INVESTDSM.ORG X 2019 IA PROVIDE HOLISTIC AND INNOVATIVE SOLUTIONS THAT STRENGTHEN NEIGHBORHOODS. WE DO THIS THROUGH STRATEGIC INVESTMENTS IN REAL ESTATE AND PARTNERSHIPS TO IMPROVE QUALITY OF LIFE. 9 9 8 9 0 0 76289 10445083 13082 37750 21205 60221 0 0 110576 10543054 906535 1910438 0 0 284982 696137 0 0 0 1980992 2116905 3172509 4723480 -3061933 5819574 13108701 19287532 151554 688833 12957147 18598699 PROVIDE HOLISTIC AND INNOVATIVE SOLUTIONS THAT STRENGTHEN NEIGHBORHOODS. WE DO THIS THROUGH STRATEGIC INVESTMENTS IN REAL ESTATE AND PARTNERSHIPS TO IMPROVE QUALITY OF LIFE. 0 0 4325864 1910438 45015 PROVIDE HOLISTIC AND INNOVATIVE SOLUTIONS THAT STRENGTHEN NEIGHBORHOODS. 4325864 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 15 0 8 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X AMBER LYNCH 5152218410 525 SW 5TH STREET NO F DES MOINES IA 50309 FRANK COWNIE CO-CHAIR 1.00 X X 0 0 0 TOM HOCKENSMITH CO-CHAIR 1.00 X X 0 0 0 ANGELA CONNOLLY SECRETARY 1.00 X X 0 0 0 CONNIE BOESEN TREASURER 1.00 X 0 0 0 JOHN CACCIATORE DIRECTOR 1.00 X 0 0 0 JENNIFER COOPER DIRECTOR 1.00 X 0 0 0 MATT MCCOY DIRECTOR 1.00 X 0 0 0 ANGIE PFANNKUCH DIRECTOR 1.00 X 0 0 0 CARL VOSS DIRECTOR 1.00 X 0 0 0 AMBER LYNCH EXECUTIVE DIRECTOR 40.00 X 161535 0 33371 161535 0 33371 1 0 1 0 0 10000000 445083 305000 10445083 NEIGHBORHOOD GRANT ADMINISTRATIVE 561000 37750 37750 37750 60221 7265 52956 10543054 45015 0 52956 1057333 1057333 853105 853105 164106 82053 82053 385186 308543 76643 100878 80806 20072 45967 36821 9146 73711 64688 9023 21006 21006 78252 47089 31163 49777 49777 13273 13273 52353 52353 14018 14018 19089 19089 GAP FINANCING ON DEV CO 1795426 1795426 4723480 4325864 397616 0 382415 7400187 1000000 1500000 23175 27665 91835 17516 11466 74319 4681214 7537433 7010431 2747928 13108701 19287532 124547 352275 118127 27007 218431 151554 688833 X 4613150 18598699 8343997 0 12957147 18598699 13108701 19287532 X 5819574 -167101 -10921 X 0 1 X 1 0 X 5000000 10207473 76289 10445083 25728845 125681 125681 5000000 10333154 76289 10445083 25854526 25854526 55674 1449 17023 52956 127102 25981628 62279 0.99510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54895 8540 46355 36940 8976 27964 74319 LOANS RECEIVABLE 2789247 C INVESTMENT IN DEVELOPMENT PROPERTIES 4748186 C 7537433 BENEFICIAL INTEREST IN ASSETS HELD BY CFGDM 2619429 OPERATING RIGHT-OF-USE ASSETS 128499 2747928 REFUNDABLE ADVANCES 88704 LEASE LIABILITY 129727 218431 X 10365032 -167101 -10921 -178022 10543054 0 10543054 4723480 0 4723480 0 4723480 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) FOR AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. BASED ON THE FORMATION DATE OF THE ORGANIZATION, ALL TAX PERIODS ARE STILL SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST -10,921. 1 NEIGHBORHOOD DEVELOPMENT CORP 2331 UNIVERSITY AVE STE 202 DES MOINES IA 50311 421489223 501(C)(3) 231796 0 DEVELOPER GRANT RAVINA HOMES 2200 CHAUTAUQUA PARKWAY DES MOINES IA 50314 824954196 35000 0 DEVELOPER GRANT Q-ENTERPRISES LLC 4840 NEW PIEKENBROCK DRIVE DES MOINES IA 50310 822583916 135833 0 DEVELOPER GRANT HOME INC 1618 6TH AVE DES MOINES IA 50314 420931497 501(C)(3) 30000 0 DEVELOPER GRANT RALLYCAP PROPERTIES 2843 BEAVER AVE 349 DES MOINES IA 50310 810752071 13600 0 DEVELOPER GRANT SHEPDYK NORMAN 6822 SNOWSHOE TRAIL EVERGREEN CO 80439 880906798 107580 0 DEVELOPER GRANT STANDARD FAMILY HOMES 1701 MARELLA TRAIL DES MOINES IA 50310 881674070 35000 0 DEVELOPER GRANT DES MOINES FILM SOCIETY 1207 25TH STREET DES MOINES IA 50311 474857561 50000 0 COMMUNITY DEVELOPMENT GRANT HARVEY PARKS PROPERTIES 634 40TH STREET DES MOINES IA 50312 823706509 44107 0 COMMUNITY DEVELOPMENT GRANT DLE FOUR WAY LC PO BOX 187 ANKENY IA 50021 273286031 39663 0 COMMUNITY DEVELOPMENT GRANT 6TH AVE PROPERTY LLC 607 DOUGLAS AVE DES MOINES IA 50313 872938368 27400 0 COMMUNITY DEVELOPMENT GRANT HIGHLAND PARK HARDWARE INC 3613 6TH AVE DES MOINES IA 50313 421285999 25200 0 COMMUNITY DEVELOPMENT GRANT 2 BLOCK CHALLENGE GRANTS 135 218877 HOMEOWNER RENOVATION GRANTS 177 634228 PART I, LINE 2: THE ORGANIZATION HAS ESTABLISHED WRITTEN POLICIES, APPROVED BY ITS BOARD OF DIRECTORS, GOVERNING ELIGIBILITY AND SELECTION CRITERIA FOR GRANT RECIPIENTS. GRANT RECIPIENTS MUST PROVIDE SUPPORTING DOCUMENTATION FOR ELIGIBLE EXPENSES PRIOR TO GRANT AWARDS BEING DISTRIBUTED. INVEST DSM STAFF REVIEW OF PROPERTY IMPROVEMENTS PRIOR TO THE AUTHORIZATION OF GRANT DISTRIBUTIONS. X X X 0 0 0 0 0 0 0 0 0 AMBER LYNCH EXECUTIVE DIRECTOR 161535 0 0 0 0 0 6466 0 26905 0 194906 0 0 0 PART I, LINE 3 COMPENSATION OF THE EXECUTIVE DIRECTOR IS APPROVED BY THE BOARD OF DIRECTORS AFTER REVIEW OF COMPARABLE POSITIONS IN COMPARABLE MARKETS X 1 305000 AGREED VALUE 0 0 0 PART I, COLUMN (B): NUMBERS OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 7A THE BOARD HAS THE ABILITY TO APPOINT IT'S OWN MEMBERS. THREE MEMBERS ARE APPOINTED FROM THE CITY OF DES MOINES, THREE MEMBERS ARE APPOINTED FROM POLK COUNTY, AND THREE MEMBERS ARE APPOINTED FROM THE LOCAL COMMUNITY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 TAX RETURN IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING AND THE EXECUTIVE COMMITTEE WILL APPROVE THE FILING OF THE RETURN PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ARE REQUIRED TO UPDATE, AT LEAST ON AN ANNUAL BASIS, THEIR INDIVIDUAL POTENTIAL CONFLICTS OF INTEREST WITH THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15A THE SALARY OF THE EXECUTIVE DIRECTOR IS APPROVED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS WILL UTILIZE COMPENSATION DATA FOR SIMILAR POSITIONS IN SIMILAR MARKETS PRIOR TO APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 ALL ORGANIZATION DOCUMENTS SUBJECT TO PUBLIC INSPECTION ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST -10,921.