2024-07-19T10:25:14-05:00 2023-12-31 420794029 DENMAN CPA LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2023-01-01 842607571 INVEST DSM INVE 5152218410 525 SW 5TH STREET F DES MOINES IA 50309 AMBER LYNCH EXECUTIVE DIRECTOR 5152218410 2024-07-19 1 AMBER LYNCH 999009999 0 THOMAS O WELCHANS P01333675 5152258400 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z AMBER LYNCH 525 SW 5TH STREET F DES MOINES IA 50309 10301946 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 10445083 10033122 37750 2806 60221 202662 0 63356 10543054 10301946 1910438 2285193 0 0 696137 816734 0 0 0 2116905 2054546 4723480 5156473 5819574 5145473 19287532 24331235 688833 543020 18598699 23788215 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 4776034 2285193 66162 PROVIDE HOLISTIC AND INNOVATIVE SOLUTIONS THAT STRENGTHEN NEIGHBORHOODS. 4776034 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 0 0 0 0 0 0 0 0 0 1 13 0 1 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 163316 0 30182 163316 0 30182 1 0 1 0 0 10005701 27421 10033122 NEIGHBORHOOD GRANT ADMINISTRATIVE 561000 2806 2806 2806 202662 202662 63356 0 63356 63356 63356 10301946 66162 0 202662 1058430 1058430 1226763 1226763 193498 96749 96749 478573 416786 61787 8601 7491 1110 79983 69658 10325 56079 48839 7240 64065 63364 701 19925 19925 87648 43381 44267 49422 49422 14280 350 13930 52312 52312 10265 10265 12406 12406 GAP FINANCING ON DEV CO 1744223 1744223 5156473 4776034 380439 0 7400187 5320671 1500000 6077683 27665 52930 115659 27781 74319 87878 7537433 9954463 2747928 2837610 19287532 24331235 352275 56091 118127 243656 218431 243273 688833 543020 X 18598699 23788215 18598699 23788215 19287532 24331235 X 5145473 46823 -2780 X X 0 1 X 1 0 X 5000000 10207473 76289 10445083 10033122 35761967 125681 125681 5000000 10333154 76289 10445083 10033122 35887648 35887648 55674 1449 17023 52956 202662 329764 36217412 128441 0.99090 0.99510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54895 12636 42259 60764 15145 45619 87878 LOANS RECEIVABLE 3859945 C INVESTMENT IN DEVELOPMENT PROPERTIES 6094518 C 9954463 BENEFICIAL INTEREST IN ASSETS HELD BY CFGDM 2749511 OPERATING RIGHT-OF-USE ASSETS 88099 2837610 REFUNDABLE ADVANCES 153491 LEASE LIABILITY 89782 243273 X 10345989 46823 -2780 44043 10301946 0 10301946 5156473 0 5156473 0 5156473 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 -2,780. 1 Q-ENTERPRISES LLC 4840 NEW PIEKENBROCK DRIVE DES MOINES IA 50310 822583916 206500 0 SINGLE FAMILY DEVELOPER GRANT 36 ON 6TH LLC 130 5TH STREET SUITE A WEST DES MOINES IA 50265 881654700 40000 0 COMMERCIAL DEVELOPMENT GRANT BEACHHAUS PARTNERS LLC 16590 CREEKSIDE CIRCLE CLIVE IA 50325 920678551 57018 0 COMMERCIAL DEVELOPMENT GRANT WESLEY COMMUNITY SERVICES INC (WESLEYLIFE) 5508 NW 88TH STREET JOHNSTON IA 501313005 203970256 50000 0 COMMERCIAL DEVELOPMENT GRANT UPTOWN INVESTOR TJU LLC 4123 UNIVERSITY AVENUE DES MOINES IA 50311 815100858 107275 0 COMMERCIAL DEVELOPMENT GRANT 609 GREEN ROOM 1073 27TH STREET DES MOINES IA 50311 882051509 13394 0 COMMERCIAL DEVELOPMENT GRANT LUCKY HORSE BEER AND BURGERS LLC 2331 UNIVERSITY AVE SUITE 201 DES MOINES IA 50311 844028657 20000 0 COMMERCIAL DEVELOPMENT GRANT RM MADDEN CONSTRUCTION INC 5909 GRAND AVENUE DES MOINES IA 503121414 421183683 38865 0 SINGLE FAMILY DEVELOPER GRANT WILSHIRE HOLDINGS 3775 EP TRUE PARKWAY 119 WEST DES MOINES IA 50265 814342532 30000 0 SINGLE FAMILY DEVELOPER GRANT DRJ INVESTMENTS LLC 5406 DOUGLAS AVENUE DES MOINES IA 50310 873003748 16000 0 SINGLE FAMILY DEVELOPER GRANT BLOCK CHALLENGE GRANTS 64 119582 HOMEOWNER RENOVATION GRANTS 498 1107181 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 163316 0 0 0 0 0 5326 0 24856 0 193498 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 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 -2,780. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.