2025-11-04T12:05:33-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2024-01-01 451276191 DOWNTOWN PARKING MANAGEMENT INC DOWN 3193657275 349 4TH AVE SE CEDAR RAPIDS IA 52401 JON DUSEK BOARD CHAIR 3193657275 2025-10-30 1 0 DAVID LITTLE P01480921 3193632697 2025-10-30 2024 2025-03-06 01:10:19Z PARK CEDAR RAPIDS JON DUSEK 349 4TH AVE SE CEDAR RAPIDS IA 52401 3477383 0 X WWW.PARKCEDARRAPIDS.COM X 2011 IA TO PROVIDE EFFICIENT, CONVENIENT, AND AFFORDABLE PARKING OPTIONS FOR DOWNTOWN CEDAR RAPIDS 5 5 0 6 0 0 0 0 3256711 3445128 10035 14818 108897 17437 3375643 3477383 0 0 0 0 0 0 0 0 0 3765392 3760206 3765392 3760206 -389749 -282823 2128178 2215555 3434248 3804448 -1306070 -1588893 X THE MISSION OF DOWNTOWN PARKING MANAGEMENT, INC. (DPMI) IS TO PROVIDE EFFICIENT, CONVENIENT AND AFFORDABLE PARKING OPTIONS FOR DOWNTOWN CEDAR RAPIDS. DPMI'S VISION IS TO ENHANCE THE DOWNTOWN TENANT AND VISITOR EXPERIENCE AND BE A CATALYST FOR ECONOMIC DEVELOPMENT. 0 0 1024321 3445128 PROVISION OF PARKING FACILITIES AND SYSTEM UPGRADES:THE SYSTEM PROVIDES SPACE TO ABOUT 3,900 DOWNTOWN EMPLOYEES AND APPROXIMATELY 280,000 ESTIMATED VISITOR/EVENT PATRONS. IN ADDITION, THE SYSTEM OPERATES APPROXIMATELY 4,000 ON STREET SPACES WITH AN ESTIMATED 322,000 ANNUAL ON STREET TRANSACTIONS. PARKING TRANSACTIONS ANNUALLY ARE ESTIMATED TO BE 550,000 TRANSACTIONS. DPMI CONTINUES TO STRIVE IN CREATING A WELCOMING, SAFE ENVIRONMENT THROUGH 24/7 SECURITY EFFORTS AND AMENITIES. THE AMENITIES SERVICES PROGRAM ACCOMMODATES PARKING PATRONS, SHOULD AN UNEXPECTED SITUATION OCCUR, OFFERING INSTANT ACCESS TO A RANGE OF SERVICES FROM COURTESY JUMP STARTS, TIRE FILL, TO SECURITY ASSISTANCE. CAPITAL PROJECTS COMPLETED INCLUDE ELEVATOR UPGRADES, ROOF REPLACEMENTS, DECK SEALING, SECURITY, LIGHTING, SKYWALK AND ENTRANCE GATE UPGRADES. 1024319 PROVISION OF PARKING SERVICES TO FACILITATE JOB GROWTH AND ECONOMIC DEVELOPMENT:TO AID IN FOSTERING, SUPPORTING AND ENCOURAGING GROWTH AND DEVELOPMENT OF JOBS, AND THE DEVELOPMENT OF NEW BUSINESS AND INDUSTRY, DPMI HAS DEVELOPED A SUITE OF PARKING INCENTIVE AND SUBSIDY PROGRAMS TO SPUR INVESTMENT IN THE GREATER DOWNTOWN AREA. THE PROGRAMS ENABLE BUSINESSES, EMPLOYERS AND EMPLOYEES THE OPPORTUNITY TO RECEIVE DISCOUNTS OFF OF MONTHLY PARKING RATES AND HAVE HELPED CATALYZE MORE THAN 650 JOBS ANNUALLY. TO DATE 13 EXISTING COMPANIES WERE OFFERED PARKING INCENTIVES AND/OR PARKING SUBSIDY SOLUTIONS. RETENTION AND EXPANSION OF EXISTING JOBS AND BUSINESS CONSUMES APPROXIMATELY 33 PERCENT OF DPMI'S TIME. 1024319 EDUCATION AND COMMUNICATION WITH PARKING SYSTEM USERS:IN ORDER TO IMPROVE PUBLIC PERCEPTION OF PARKING IN DOWNTOWN CEDAR RAPIDS AND TO LEVERAGE PARKING AS A SIGNIFICANT TOOL AND CATALYST FOR ECONOMIC DEVELOPMENT, DPMI HAS INITIATED SIGNIFICANT OUTREACH STRATEGIES. "PARK CEDAR RAPIDS" CAMPAIGN WAS LAUNCHED IN OCTOBER 2011 TO INFORM THE GENERAL PUBLIC AND DOWNTOWN STAKEHOLDERS OF A NEW AND ENHANCED PARKING SYSTEM - ONE FOCUSED ON SUPERIOR CUSTOMER SERVICE, IMPROVED SECURITY AND POSITIVE EXPERIENCE. COMMUNICATION MECHANISMS RANGED FROM CREATING A NEW INTERACTIVE WEBSITE, PARTNERING WITH THE MEDIA, HOSTING Q&A COMMUNITY OUTREACH EVENTS, AND IMPLEMENTING AN AMBASSADOR PROGRAM TO ASSIST THE GENERAL PUBLIC AND STAKEHOLDERS WITH THE USE OF THE NEW PARKING TECHNOLOGIES. 3072959 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X RYAN BAACK 3193657275 349 4TH AVE SE CEDAR RAPIDS IA 52401 DUSEK JON CHAIRMAN 1.00 X X 0 0 0 CARLSON CHRIS DIRECTOR 1.00 X 0 0 0 CORKERY MATT DIRECTOR 1.00 X 0 0 0 KERNS CORY DIRECTOR (THRU JUNE) 1.00 X 0 0 0 TIMKO FRED DIRECTOR 1.00 X 0 0 0 ZYLSTRA DAVID DIRECTOR 1.00 X 0 0 0 BAACK RYAN GENERAL MANAGER 40.00 X 0 0 0 0 0 0 0 0 0 0 PCI MUNICIPAL SERVICES LLC 12 MAUCHLY BUILDING 1 IRVINE CA 92618 PAYROLL AND RELATED EXPENSES 1536352 PATE ASPHALT 3285 3RD AVE MARION IA 52302 PAVING PARKING LOT 262159 2 PARKING REVENUE 812930 3445128 3445128 3445128 14818 14818 MISCELLANEOUS 812930 17437 17437 17437 3477383 3445128 0 32255 X 62250 49800 12450 19038 19038 1983923 1587139 396784 28639 22911 5728 130478 104384 26094 24847 19878 4969 370759 296607 74152 56255 45004 11251 40309 32247 8062 297642 238114 59528 345957 276766 69191 DEBT SERVICE PAYMENT 400109 400109 3760206 3072959 687247 0 191663 547400 415192 134507 95653 136534 117593 5222799 3646182 1118074 1576617 10500 2128178 2215555 2957531 3119516 26800 284823 449917 400109 3434248 3804448 X -1306070 -1588893 -1306070 -1588893 2128178 2215555 -282823 0 X X 0 0 0 2122195 1094107 1028088 3100604 2552075 548529 1576617 DUE TO CITY OF CEDAR RAPIDS 400109 400109 FORM 990, PART VI, SECTION A, LINE 3 THE DAY-TO-DAY PARKING OPERATIONS OF THE COMPANY HAVE BEEN CONTRACTED OUT TO PARKING CONCEPTS INC. HOWEVER, THE OVERALL MANAGEMENT OF THE ORGANIZATION IS STILL RETAINED BY THE DIRECTORS AND MANAGEMENT. FORM 990, PART VI, SECTION A, LINE 6 THE CEDAR RAPIDS METRO ECONOMIC ALLIANCE (ECONOMIC ALLIANCE) AND THE CEDAR RAPIDS DOWNTOWN SELF-SUPPORTED MUNICIPAL IMPROVEMENT DISTRICT (DOWNTOWN SSMID) SHALL BE MEMBERS OF DPMI. FORM 990, PART VI, SECTION A, LINE 7A THE ECONOMIC ALLIANCE SHALL APPOINT TWO DIRECTORS AND THE DOWNTOWN SSMID WILL APPOINT TWO DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS SHALL HAVE THE RIGHT TO REMOVE AND FILL VACANCIES OF ANY DIRECTOR POSITION UPON MAJORITY VOTE OF THE MEMBERS. THE ARTICLES OF INCORPORATION MAY ONLY BE AMENDED WITH THE APPROVAL OF THE MEMBERS. THE BYLAWS MAY ONLY BE AMENDED BY A MAJORITY VOTE OF THE DIRECTORS AND APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN A DRAFT WAS PROVIDED TO THE CONTRACT CFO AND THE ECONOMIC ALLIANCE STAFF LIAISON FOR REVIEW. THE FINAL DRAFT IS PROVIDED TO THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL BOARD MEMBERS, VOLUNTEERS AND EMPLOYEES. THERE IS GENERAL DISCUSSION PERIODICALLY WITH THE BOARD CONCERNING POTENTIAL CONFLICTS OF INTEREST. THE MAJORITY OF BOARD MEMBERS NOT IN CONFLICT MAKE THE DETERMINATION WHETHER A POTENTIAL CONFLICT IS AN ACTUAL CONFLICT. IF AN ACTUAL CONFLICT ARISES, IT WOULD BE RESOLVED TO THE SATISFACTION OF THE ENTIRE BOARD AND THE BOARD MEMBER IN CONFLICT WOULD RECUSE THEMSELVES FROM ANY DELIBERATION AND VOTE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, WHICH INCLUDE THE CONFLICT OF INTEREST POLICY, ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ECONOMIC ALLIANCE, LOCATED AT 501 1ST ST. SE, CEDAR RAPIDS, IA 52401. THE FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES - RPS: PROGRAM SERVICE EXPENSES 118,169. MANAGEMENT AND GENERAL EXPENSES 29,542. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 147,711. CONTRACTED SERVICES - CITY OF CEDAR RAPIDS: PROGRAM SERVICE EXPENSES 1,034,585. MANAGEMENT AND GENERAL EXPENSES 258,646. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,293,231. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 434,385. MANAGEMENT AND GENERAL EXPENSES 108,596. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 542,981. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. CEDAR RAPIDS METRO ECONOMIC ALLIANCE 501 FIRST ST SE CEDAR RAPIDS IA 52401 420172900 MEMBER OF THE ORGANIZATION IA 501(C)(6) 0 CEDAR RAPIDS DOWNTOWN SELF-SUPPORTED MUNICIPAL IMPROVEMENT DISTRICT 501 FIRST ST SE CEDAR RAPIDS IA 52401 262872566 MEMBER OF THE ORGANIZATION IA 501(C)(3) 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 CEDAR RAPIDS ECONOMIC ALLIANCE M 86100 FMV