2023-12-14T09:46:30-06:00 2023-06-30 810446334 DOUGLAS WILSON & COMPANY PC 1000 FIRST AVENUE SOUTH GREAT FALLS MT 59401 990 2022-07-01 810465605 GREAT FALLS DEVELOPMENT AUTHORITY GREA 4067502119 PO BOX 949 GREAT FALLS MT 59403 BRETT DONEY PRESIDENT 4067502119 2023-12-13 1 BRETT DONEY 999009999 0 MELISSA H SOLDANO P01259603 4067614645 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRETT DONEY PO BOX 949 GREAT FALLS MT 59403 5654586 0 X WWW.GROWGREATFALLSMONTANA.ORG X 1990 MT GROW DIVERSE ECONOMIC OPPORTUNITIES THAT ENHANCE QUALITY OF LIFE. GFDA IS AN ECONOMIC DEVELOPMENT PARTNERSHIP AND CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION THAT SERVES PRIMARILY THE 13-COUNTY GREAT FALLS, MONTANA SMALL URBAN, RURAL, AND TRIBAL REGION OF NORTH CENTRAL MONTANA. 48 48 19 80 0 0 555683 2926642 4372295 2553179 1 11 117223 174754 5045202 5654586 369661 95725 0 0 1436356 1623229 0 0 45105 1658331 2257395 3464348 3976349 1580854 1678237 19433536 24426365 4185943 7500534 15247593 16925831 X GROW DIVERSE ECONOMIC OPPORTUNITIES THAT ENHANCE QUALITY OF LIFE. GFDA IS AN ECONOMIC DEVELOPMENT PARTNERSHIP AND CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION THAT SERVES PRIMARILY SMALL URBAN, RURAL, AND TRIBAL REGIONS OF NORTH CENTRAL MONTANA, WHICH INCLUDES THE 13 COUNTIES SURROUNDING GREAT FALLS, MONTANA. 0 0 1339575 1131750 THE ORGANIZATION PROVIDES BUSINESS DEVELOPMENT SERVICES THROUGHOUT A 13-COUNTY, 44,000 SQUARE MILE REGION OF NORTH CENTRAL MONTANA THAT INCLUDES URBAN, RURAL AND TRIBAL AREAS. THESE SERVICES FOCUS ON THE FOUR ASPECTS OF THE ORGANIZATION'S ECONOMIC DEVELOPMENT STRATEGY - PEOPLE, PLACE, OPPORTUNITIES, AND TEAM. THE ORGANIZATION'S STRATEGY DETAILED 19 PRIORITIES AND 46 SPECIFIC ACTIONS TO UNDERTAKE OVER THE NEXT THREE YEARS. AS PART OF THIS WORK, THE ORGANIZATIONS HOSTS A SMALL BUSINESS DEVELOPMENT CENTER, AN APEX ACCELERATOR (FORMERLY CALLED PROCUREMENT TECHNICAL ASSISTANCE CENTER), A FOOD & AG DEVELOPMENT CENTER, AND A BROWNFIELDS REDEVELOPMENT PROGRAM. THE ORGANIZATION ASSISTS OVER 700 ENTREPRENEURS, BUSINESSES, AND NON-PROFIT ORGANIZATIONS A YEAR THROUGH ADVISING, TRAINING, AND DEVELOPMENT SERVICES. 1982513 95725 53731 THE ORGANIZATION IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION THAT PROVIDES GAP AND BRIDGE FINANCING TO ENTREPRENEURS, BUSINESSES, DEVELOPERS AND NON-PROFITS WHO CANNOT SECURE ALL THE FINANCING THEY NEED FROM CONVENTIONAL SOURCES. THE ORGANIZATION HAS SEVEN REVOLVING LOAN FUNDS CAPITALIZED FROM A VARIETY OF PUBLIC AND PRIVATE SOURCES. TO DATE, THE ORGANIZATION HAS MADE 190 LOANS TOTALING $65,797,674 THAT HAVE MADE POSSIBLE TOTAL INVESTMENT OF OVER $350,000,000, CREATING THOUSANDS OF JOBS, A NUMBER OF NEW BUSINESSES AND RENOVATED PROPERTIES, AND HUNDREDS OF NEW APARTMENTS. THE ORGANIZATION MANAGES A SEPARATE NON-PROFIT, HIGH PLAINS FINANCIAL, THAT IS A SBA-CERTIFIED COMMUNITY DEVELOPMENT CORPORATION PROVIDING SBA 504 LOANS STATEWIDE ACROSS MONTANA. 407342 317814 THE ORGANIZATION IS DEVELOPING A HEAVY INDUSTRIAL RAIL-SERVED INDUSTRIAL PARK, THE GREAT FALLS AGRITECH PARK, TO PROVIDE SITES NOT AVAILABLE FROM THE PRIVATE SECTOR FOR BUSINESS STARTUPS, EXPANSIONS AND ATTRACTION. THE ORGANIZATION HAS SOLD LOTS IN THE PARK TO FOUR COMPANIES. TO DATE, THREE COMPANIES HAVE COMPLETED NEW FACILITIES IN THE PARK. 113346 1224638 SPECIAL PROJECTS 113346 1224638 3842776 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 44 0 1 19 1 0 0 0 0 0 0 0 0 0 0 X 48 48 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X BRETT DONEY 4067502119 PO BOX 949 GREAT FALLS MT 59403 MARK MACEK CHAIRMAN 1.50 X X 0 0 0 MARK CAPPIS VICE CHAIR 1.50 X X 0 0 0 JENNIFER FRITZ SECRETARY 1.50 X X 0 0 0 FORREST EHLINGER TREASURER 1.50 X X 0 0 0 LEN WATKINS PAST CHAIRMAN 1.50 X 0 0 0 BRETT DONEY PRESIDENT 40.00 X 186405 0 29653 ROY ALEXANDER DIRECTOR 1.50 X 0 0 0 SHERRIE AREY DIRECTOR 1.50 X 0 0 0 REED BASSETT DIRECTOR 1.50 X 0 0 0 GLENN BLISS DIRECTOR 1.50 X 0 0 0 JEANEEN CAMPBELL DIRECTOR 1.50 X 0 0 0 JOE BRIGGS DIRECTOR 1.50 X 0 0 0 LEW CARD DIRECTOR 1.50 X 0 0 0 KYLIE CARRANZA DIRECTOR 1.50 X 0 0 0 JIM DEA DIRECTOR 1.50 X 0 0 0 JOSH DEVOS DIRECTOR 1.50 X 0 0 0 NEIL DUBOIS DIRECTOR 1.50 X 0 0 0 DR STEPHANIE ERDMANN DIRECTOR 1.50 X 0 0 0 REBECCA ENGUM DIRECTOR 1.50 X 0 0 0 SHANE ETZWILER DIRECTOR 1.50 X 0 0 0 JOHN FAULKNER DIRECTOR 1.50 X 0 0 0 ANDREAS GERANIOS DIRECTOR 1.50 X 0 0 0 RANDY GILBERTSON DIRECTOR 1.50 X 0 0 0 WAYNE GILLIS DIRECTOR 1.50 X 0 0 0 DANI GREBE DIRECTOR 1.50 X 0 0 0 THOMAS HEISLER III DIRECTOR 1.50 X 0 0 0 HEIDI HOCKETT DIRECTOR 1.50 X 0 0 0 SHANNON HOILAND DIRECTOR 1.50 X 0 0 0 DWIGHT HOLMAN DIRECTOR 1.50 X 0 0 0 PEYTON JOHNSON DIRECTOR 1.50 X 0 0 0 MARTIN KUTCHA DIRECTOR 1.50 X 0 0 0 TED LEWIS DIRECTOR 1.50 X 0 0 0 TOBY MALSAM DIRECTOR 1.50 X 0 0 0 ZACH MENDENHALL DIRECTOR 1.50 X 0 0 0 MIKE MILLS DIRECTOR 1.50 X 0 0 0 TOM MOORE DIRECTOR 1.50 X 0 0 0 TYLER MUZZANA DIRECTOR 1.50 X 0 0 0 RON NELSON DIRECTOR 1.50 X 0 0 0 GEORGE NIKOLAKAKOS DIRECTOR 1.50 X 0 0 0 DR RENEE PERA DIRECTOR 1.50 X 0 0 0 DAN REARDEN DIRECTOR 1.50 X 0 0 0 ERROL RICE DIRECTOR 1.50 X 0 0 0 CASEY SCHREINER DIRECTOR 1.50 X 0 0 0 DENISE SCHNIDER DIRECTOR 1.50 X 0 0 0 DAVE SMITH DIRECTOR 1.50 X 0 0 0 MORGAN TWEET DIRECTOR 1.50 X 0 0 0 SHARON VIRGIN DIRECTOR 1.50 X 0 0 0 MIKE WALDENBERG DIRECTOR 1.50 X 0 0 0 PATRICK WOODALL DIRECTOR 1.50 X 0 0 0 186405 0 29653 1 0 1 0 0 2485036 441606 10446 2926642 LENDING INTEREST AND F 900099 1049884 1049884 OTHER GRANTS AND CONTR 900099 890587 890587 TIF REIMBURSEMENT 900099 317814 317814 PTAC AND SBDC 900099 241163 241163 EPA BROWNFIELD 900099 53731 53731 2553179 11 11 MISCELLANEOUS INCOME 900099 105955 105955 APPLICATION FEES 900099 50799 50799 PROFESSIONAL MANAGEMEN 900099 18000 18000 174754 5654586 2727933 0 11 X 95725 95725 228556 228556 1069850 945300 91305 33245 55185 49574 3811 1800 174767 142238 27910 4619 94871 85326 6974 2571 34078 15235 18843 18850 18850 493423 474944 18479 63881 63881 85126 9691 75435 23884 1555 22329 107738 96583 11155 4349 925 2781 643 91310 68483 22827 26173 26173 30130 30130 ALLOWANCE FOR LOAN LOSS 429949 429949 AGRITECH PARK TIF REIMB 317815 317815 BROWNFIELD ASSESSMENT 101199 101199 MEMBERSHIPS & SUBSCRIPT 96673 93845 650 2178 332817 621952 -289184 49 3976349 3842776 88468 45105 2540715 2994999 1190117 2523890 208391 226612 14252607 15207019 21180 0 343439 317860 46004 25579 1174522 3448266 19433536 24426365 251623 231942 3046044 6430323 888276 838269 4185943 7500534 X 8926033 9063501 6321560 7862330 15247593 16925831 19433536 24426365 X 1678237 1 X X 0 1 X 1 1 1 X 480593 464209 608722 555683 2926642 5035849 2371994 2584313 5982144 4427038 2621978 17987467 2852587 3048522 6590866 4982721 5548620 23023316 0 0 0 23023316 50 30 1 1 11 93 50 30 1 1 11 93 22743 38156 62481 105955 229335 2852637 3071295 6629023 5045203 5654586 23252744 0.99010 0.99260 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 343439 317860 25579 25579 ACCRUED INTEREST RECEIVABLE 471849 DUE FROM HIGH PLAINS FINANCIAL 8271 LEASE RIGHT OF USE 832035 LAND HELD FOR SALE - AGRITECH PARK 2136111 3448266 FUNDS HELD IN TRUST 3426 LEASE PAYABLE 834843 838269 5654586 0 5654586 0 5654586 3976349 0 3976349 0 3976349 PART XI, LINE 4B - OTHER ADJUSTMENTS: ROUNDING PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 1 COMMUNITY HEALTH CARE CENTER DBA ALLUVION HEALTH 601 1ST AVE N GREAT FALLS MT 59401 352631980 501(C)(3) 56961 0 ASBESTOS ABATEMENT OF THE ROCKY MOUNTAIN BUILDING GREAT FALLS PUBLIC SCHOOLS 1100 4TH ST S GREAT FALLS MT 59405 816000120 38764 0 ASBESTOS ABATEMENT AT LINCOLN ELEMENTARY AND EAST MIDDLE SCHOOL 2 0 PART I, LINE 2: GRANT FUNDS ARE MONITORED BY STAFF AND AN ENVIRONMENTAL CONSULTANT FOR EACH PROJECT TO ENSURE EXPENSES AND CLEANUP WORK CONFORM TO THE EPA AND GFDA'S REQUIREMENTS. X 0 0 0 0 0 0 0 0 0 BRETT DONEY PRESIDENT 171405 0 15000 0 0 0 13379 0 16274 0 216058 0 0 0 FIRST INTERSTATE BANK TED LEWIS IS A DIRECTOR OF GFDA AND VICE-PRES OF FIRST INTERSTATE BANK 55042 PRINCIPAL AND INTEREST PAYMENTS FROM GREAT FALLS DEVELOPMENT AUTHORITY ON THE LINE OF CREDIT AND A TERM LOAN AND WITH FIRST INTERSTATE BANK. 0 FORM 990, PART VI, SECTION A, LINE 6 GFDA IS INCORPORATED AS A MEMBERSHIP ORGANIZATION. MEMBERSHIP IS OPEN TO ANY INDIVIDUAL, BUSINESS, ORGANIZATION OR AGENCY WHICH CONTRIBUTES A MINIMUM OF $1,000 PER YEAR. FORM 990, PART VI, SECTION A, LINE 7A OUR BOARD OF DIRECTORS HAS BOTH ELECTED AND APPOINTED SEATS. APPROXIMATELY 40% OF THE DIRECTOR SEATS ARE APPOINTED BY PUBLIC AND NON-PROFIT ENTITIES, AS OUTLINED IN OUR BYLAWS. THESE APPOINTED DIRECTORS SERVE AT THE PLEASURE OF THE ENTITIES WHICH APPOINT THEM. THE REMAINING 60% ARE ELECTED FOR STAGGERED 3 YEAR TERMS BY OUR MEMBERS THROUGH AN ANNUAL NOMINATION AND ELECTION PROCESS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AT THE STAFF LEVEL, OUR STAFF ACCOUNTANT AND PRESIDENT ARE CHARGED WITH MONITORING AND ENFORCEMENT OF OUR POLICIES, INCLUDING OUR CONFLICT OF INTEREST POLICY. AT THE BOARD LEVEL, OUR BOARD CHAIR AND VICE CHAIR ARE CHARGED WITH MONITORING AND ENFORCEMENT OF OUR CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 IN FY 2022, THE BOARD COMMISSIONED A SALARY COMPARATIVE ASSESSMENT FROM AN ESTABLISHED EXECUTIVE SEARCH FIRM THAT SPECIALIZES IN ECONOMIC DEVELOPMENT FOR THE PRESIDENT/CEO AND OTHER STAFF LEADERSHIP POSITIONS. FOR OTHER STAFF POSITIONS, MANAGEMENT REFERENCES STATE AND FEDERAL NON-PROFIT AND ECONOMIC DEVELOPMENT SALARY SURVEYS AS WELL AS LOCAL MARKET DATA. FORM 990, PART VI, SECTION C, LINE 18 THE DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE. FORM 990 WILL ALSO BE POSTED ON THE GREAT FALLS DEVELOPMENT AUTHORITY WEBSITE AND ON GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 OUR GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE POSTED ON OUR WEB SITE AND AVAILABLE TO THE PUBLIC ON REQUEST. ALL OF OUR GOVERNING BOARD MEETINGS ARE OPEN TO THE PUBLIC AND POSTED IN ADVANCE ON OUR WEB SITE AND WITH THE LOCAL MEDIA. PROPOSED CHANGES TO OUR GOVERNING DOCUMENTS AND POLICIES ARE BROUGHT BEFORE OUR BOARD AT THESE OPEN MEETINGS. OUR FINANCIAL STATEMENTS ARE PRESENTED AND REVIEWED ON A MONTHLY BASIS AT OPEN GOVERNING MEETINGS. FORM 990, PART IX, LINE 11G CONSULTING & OTHER FEES: PROGRAM SERVICE EXPENSES 474,944. MANAGEMENT AND GENERAL EXPENSES 18,479. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 493,423. FORM 990, PART IX, LINE 24E TALENT ATTRACTION: PROGRAM SERVICE EXPENSES 92,284. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 92,284. AGRITECH PARK: PROGRAM SERVICE EXPENSES 89,527. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 89,527. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 64,061. MANAGEMENT AND GENERAL EXPENSES 40. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 64,101. STRATEGIC PLANNING: PROGRAM SERVICE EXPENSES 55,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,000. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 2,961. MANAGEMENT AND GENERAL EXPENSES 27,670. FUNDRAISING EXPENSES 49. TOTAL EXPENSES 30,680. PUBLICATIONS: PROGRAM SERVICE EXPENSES 1,225. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,225. FORM 990, PART XI, LINE 9: ROUNDING 1. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR. GREAT FALLS AGRITECH PARK LLC PO BOX 949 GREAT FALLS MT 59403 462992157 DEVELOPMENT OF HEAVY INDUSTRIAL PARK MT 1317814 94903 GREAT FALLS DEVELOPMENT AUTHORITY INC