﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2023v5.1" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-11-15T14:12:27-08:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>203310024</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>DE NOBLE AUSTIN &amp; COMPANY PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>121 S Story Street</AddressLine1Txt>
        <CityNm>Rock Rapids</CityNm>
        <StateAbbreviationCd>IA</StateAbbreviationCd>
        <ZIPCd>51246</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>421293260</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>ROCK RAPIDS AREA DEVELOPMENT FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>ROCK</BusinessNameControlTxt>
      <PhoneNum>7124724585</PhoneNum>
      <USAddress>
        <AddressLine1Txt>411 1ST AVENUE PO BOX 403</AddressLine1Txt>
        <CityNm>ROCK RAPIDS</CityNm>
        <StateAbbreviationCd>IA</StateAbbreviationCd>
        <ZIPCd>51246</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>BRENT BOSCH</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <SignatureDt>2024-11-15</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>Kayla Reck</PreparerPersonNm>
      <PTIN>P01322991</PTIN>
      <PhoneNum>7124722549</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2024-10-15 13:58:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="8">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="23017517" softwareVersionNum="2023v5.1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>2219158</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>142945</ContriRcvdRevAndExpnssAmt>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>2989</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>2989</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>2989</InterestOnSavingsAdjNetIncmAmt>
        <GrossRentsRevAndExpnssAmt>17400</GrossRentsRevAndExpnssAmt>
        <GrossRentsNetInvstIncmAmt>17400</GrossRentsNetInvstIncmAmt>
        <GrossRentsAdjNetIncmAmt>17400</GrossRentsAdjNetIncmAmt>
        <NetRentalIncomeOrLossAmt>15792</NetRentalIncomeOrLossAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">15220</OtherIncomeRevAndExpnssAmt>
        <TotalRevAndExpnssAmt>178554</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>20389</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>20389</TotalAdjNetIncmAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="LegalFeesSchedule">400</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>300</LegalFeesNetInvstIncmAmt>
        <LegalFeesDsbrsChrtblAmt>100</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">900</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>675</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>225</AccountingFeesChrtblPrpsAmt>
        <InterestRevAndExpnssAmt>14744</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>11058</InterestNetInvstIncmAmt>
        <InterestDsbrsChrtblAmt>3686</InterestDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">1435</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>1077</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>358</TaxesDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">9710</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>7685</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>2025</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>27189</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>20795</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>6394</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>652034</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>652034</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>679223</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>20795</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>658428</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-500669</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>20389</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>887381</CashBOYAmt>
        <CashEOYAmt>791156</CashEOYAmt>
        <CashEOYFMVAmt>791156</CashEOYFMVAmt>
        <InvstLandCostOrOtherBasisAmt>743397</InvstLandCostOrOtherBasisAmt>
        <LandBldgInvestmentsBOYAmt>1044671</LandBldgInvestmentsBOYAmt>
        <LandBldgInvestmentsEOYAmt referenceDocumentId="InvestmentsLandSchedule2">743397</LandBldgInvestmentsEOYAmt>
        <LandBldgInvestmentsEOYFMVAmt>1234505</LandBldgInvestmentsEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="OtherAssetsSchedule">203472</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="OtherAssetsSchedule">193497</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="OtherAssetsSchedule">193497</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>2135524</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>1728050</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>2219158</TotalAssetsEOYFMVAmt>
        <MortgagesAndNotesPayableBOYAmt>314884</MortgagesAndNotesPayableBOYAmt>
        <MortgagesAndNotesPayableEOYAmt referenceDocumentId="MortgagesAndNotesPayableSchedu">239283</MortgagesAndNotesPayableEOYAmt>
        <TotalLiabilitiesBOYAmt>314884</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>239283</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>1320361</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>1008488</NoDonorRstrNetAssestsEOYAmt>
        <DonorRstrNetAssetsBOYAmt>500279</DonorRstrNetAssetsBOYAmt>
        <DonorRstrNetAssetsEOYAmt>480279</DonorRstrNetAssetsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1820640</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>1488767</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2135524</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>1728050</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1820640</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-500669</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSchedule">168796</OtherIncreasesAmt>
        <SubtotalAmt>1488767</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>1488767</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>0</InvestmentIncomeExciseTaxAmt>
        <TaxDueAmt>0</TaxDueAmt>
        <AppliedToESTaxAmt>0</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>IA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>MICAH FREESE</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>7124724585</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>411 1ST AVE</AddressLine1Txt>
          <CityNm>ROCK RAPIDS</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>51246</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BRIAN EBEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>107 CRESTVIEW DR</AddressLine1Txt>
            <CityNm>ROCK RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51246</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CRAIG HOHN</PersonNm>
          <USAddress>
            <AddressLine1Txt>103 TOM CREEK LANE</AddressLine1Txt>
            <CityNm>ROCK RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51246</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KATIE RANNEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>602 N 2ND AVE E</AddressLine1Txt>
            <CityNm>ROCK RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51246</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JAMES MONTAG</PersonNm>
          <USAddress>
            <AddressLine1Txt>1327 HARDING AVE</AddressLine1Txt>
            <CityNm>ROCK RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51246</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BRENT BOSCH</PersonNm>
          <USAddress>
            <AddressLine1Txt>103 DAVIS COURT</AddressLine1Txt>
            <CityNm>ROCK RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51246</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TROY METZGER</PersonNm>
          <USAddress>
            <AddressLine1Txt>104 DAVIS COURT</AddressLine1Txt>
            <CityNm>ROCK RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51246</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TOM MENAGE</PersonNm>
          <USAddress>
            <AddressLine1Txt>101 CEDAR LN</AddressLine1Txt>
            <CityNm>ROCK RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51246</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LISA DIEREN</PersonNm>
          <USAddress>
            <AddressLine1Txt>1295 HARDING AVE</AddressLine1Txt>
            <CityNm>ROCK RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51246</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JORDAN KORDAHL</PersonNm>
          <USAddress>
            <AddressLine1Txt>501 S 3RD AVENUE</AddressLine1Txt>
            <CityNm>ROCK RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51246</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary/Treas</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>THE FOUNDATION IS WORKING IN CORRELATION WITH THE ROCK RAPIDS DEVELOPMENT CORPORATION TO STIMULATE COMMERCIAL GROWTH AND JOB OPPORTUNITIES FOR CITIZENS OF THE CITY OF ROCK RAPIDS. THE FOUNDATION HAS BEEN ACQUIRING DESIRED PROPERTY AND CONTRUCTING COMMERCIAL SPEC BUILDINGS. UPON COMPLETION, THE FOUNDATION IS SELLING THE BUILDINGS AT A REASONABLE PRICE TO AN EXISTING BUSINESS FOR RELOCATION OR EXPANSION OR A NEW BUSINESS TO THE COMMUNITY.</Description1Txt>
        <Expenses1Amt>0</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>0</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>765073</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>1428002</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>2193075</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>2193075</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>32896</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>2160179</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>108009</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>108009</MinimumInvestmentReturnAmt>
        <DistributableBeforeAdjAmt>108009</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>108009</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>108009</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>658428</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>658428</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>108009</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr4Amt>516017</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>211899</ExcessDistributionCyovYr3Amt>
        <TotalExcessDistributionCyovAmt>727916</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>658428</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>108009</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>550419</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>1278335</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>1278335</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>516017</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>211899</ExcessFromYear3Amt>
        <ExcessFromCurrentYearAmt>550419</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>ROCK RAPIDS AREA DEVELOPMENT FOUNDA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>411 1ST AVENUE PO BOX 403</AddressLine1Txt>
            <CityNm>ROCK RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51246</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>7124724585</RecipientPhoneNum>
          <RecipientEmailAddressTxt>chamber@rockrapids.com</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>ANYONE INTERESTED IN OBTAINING ASSISTANCE WITH BUSINESS DEVELOPMENT (NEW START UP, EXPANSION, RELOCATION, ETC.) WITHIN THE CITY OF ROCK RAPIDS SHOULD CONTACT MICAH FREESE TO OBTAIN INFORMATION ON HOW TO SUBMIT A REQUEST/APPLICATION.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>N/A</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>LIMITED TO COMMERCIAL ACTIVITIES WITHIN THE CITY OF ROCK RAPIDS, IOWA.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ROCK RAPIDS DEVELOPMENT CORPORATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>411 1ST AVE</AddressLine1Txt>
            <CityNm>ROCK RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51246</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>SEE PART XVI</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>DEVELOPMENT PURPOSES IN THE COMMUNITY.</GrantOrContributionPurposeTxt>
          <Amt>201962</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ROCK RAPIDS DEVELOPMENT CORPORATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>411 1ST AVE</AddressLine1Txt>
            <CityNm>ROCK RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51246</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>SEE PART XVI</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>DEVELOPMENT PURPOSES IN THE COMMUNITY.</GrantOrContributionPurposeTxt>
          <Amt>450072</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>652034</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2989</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>15792</ExclusionAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <NetIncomeLossFromSpecialEvtGrp>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>13317</ExclusionAmt>
        </NetIncomeLossFromSpecialEvtGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>32098</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>32098</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>true</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>true</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>true</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>true</SharingOfFacilitiesEtcInd>
        <TransferScheduleDetail>
          <LineNumberTxt>1a(1)</LineNumberTxt>
          <InvolvedAmt>201962</InvolvedAmt>
          <NoncharitableExemptOrgName>
            <BusinessNameLine1Txt>RR DEVELOPMENT CORP</BusinessNameLine1Txt>
          </NoncharitableExemptOrgName>
          <TransfersTransAndShrArrngmDesc>THE RRADF DONATED CASH THAT WAS BEING MAINTAINED IN A BANK ACCOUNT FOR ECONOMIC DEVELOPMENT TO THE ROCK RAPIDS DEVELOPMENT CORPORATION FOR THEM TO HELP PROVIDE ASSITANCE IN THE COMMUNITY FOR ECONOMIC GROWTH.</TransfersTransAndShrArrngmDesc>
        </TransferScheduleDetail>
        <TransferScheduleDetail>
          <LineNumberTxt>1a(2)</LineNumberTxt>
          <InvolvedAmt>470071</InvolvedAmt>
          <NoncharitableExemptOrgName>
            <BusinessNameLine1Txt>RR DEVELOPMENT CORP</BusinessNameLine1Txt>
          </NoncharitableExemptOrgName>
          <TransfersTransAndShrArrngmDesc>THE RRADF TRANSFERRED LAND THAT WAS BEING HELD FOR FUTURE DEVELOPMENT TO THE ROCK RAPIDS DEVELOPMENT CORPORATION FOR THEM TO HELP PROVIDE ASSITANCE IN THE COMMUNITY FOR ECONOMIC GROWTH.</TransfersTransAndShrArrngmDesc>
        </TransferScheduleDetail>
        <TransferScheduleDetail>
          <LineNumberTxt>1c</LineNumberTxt>
          <InvolvedAmt>0</InvolvedAmt>
          <NoncharitableExemptOrgName>
            <BusinessNameLine1Txt>RR DEVELOPMENT CORP</BusinessNameLine1Txt>
          </NoncharitableExemptOrgName>
          <TransfersTransAndShrArrngmDesc>THE RRADF AND RRDC OPERATE FROM THE SAME CITY OFFICE, BOTH ORGANIZATIONS ARE ABLE TO UTILIZE THE TALENTS OF THE CITY'S ECONOMIC DEVELOPMENT DIRECTOR AND CAN USE CITY OFFICE EQUIPMENT, SUPPLIES AT NO COST AND BOTH ENTITIES ARE NOW BEING OVERSEEN BY ESSENTIALLY THE SAME BOARD OF DIRECTORS.</TransfersTransAndShrArrngmDesc>
        </TransferScheduleDetail>
        <TransferScheduleDetail>
          <LineNumberTxt>1b(6)</LineNumberTxt>
          <InvolvedAmt>0</InvolvedAmt>
          <NoncharitableExemptOrgName>
            <BusinessNameLine1Txt>RR DEVELOPMENT CORP</BusinessNameLine1Txt>
          </NoncharitableExemptOrgName>
          <TransfersTransAndShrArrngmDesc>THE RRADF AND RRDC OPERATE FROM THE SAME CITY OFFICE, BOTH ORGANIZATIONS ARE ABLE TO UTILIZE THE TALENTS OF THE CITY'S ECONOMIC DEVELOPMENT DIRECTOR AND CAN USE CITY OFFICE EQUIPMENT, SUPPLIES AT NO COST AND BOTH ENTITIES ARE NOW BEING OVERSEEN BY ESSENTIALLY THE SAME BOARD OF DIRECTORS.</TransfersTransAndShrArrngmDesc>
        </TransferScheduleDetail>
        <RelationshipsNonchrtblEOInd>true</RelationshipsNonchrtblEOInd>
        <RelationshipScheduleDetail>
          <OrganizationBusinessName>
            <BusinessNameLine1Txt>RR DEVELOPMENT CORP</BusinessNameLine1Txt>
          </OrganizationBusinessName>
          <OrganizationTypeDesc>501(C)(6)</OrganizationTypeDesc>
          <RelationshipDescriptionTxt>THE FOUNDATION AND THE DEVELOPMENT CORPORATION HAVE SIMILAR GOALS OF IMPROVING THE QUALITY OF LIFE IN ROCK RAPIDS, IA. THE FOUNDATION AND THE DEVELOPMENT CORPORATION HAVE A SIMILAR BOARD OF DIRECTORS SO THERE CAN BE BETTER COMMUNICATION BETWEEN THE NON-PROFITS IN ORDER TO BE ABLE TO WORK MORE COHESIVELY TOWARD ACCOMPLISHING THE ESTABLISHED GOALS. THE FOUNDATION'S PLAN IS TO HELP PROVIDE GRANTS TO THE DEVELOPMENT CORPORATION TO ASSIST IN RETAINING AND EXPANDING QUALITY JOBS FOR CITIZENS.</RelationshipDescriptionTxt>
        </RelationshipScheduleDetail>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <AccountingFeesDetail>
        <CategoryTxt>DE NOBLE, AUSTIN &amp; COMPANY PC</CategoryTxt>
        <Amt>900</Amt>
        <NetInvestmentIncomeAmt>675</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>225</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsLandSchedule2 documentId="InvestmentsLandSchedule2" softwareId="23017517" softwareVersionNum="2023v5.1">
      <InvestmentLandGrp>
        <CategoryOrItemTxt>Improvements</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>46278</CostOrOtherBasisAmt>
        <BookValueAmt>46278</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>Land</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>697119</CostOrOtherBasisAmt>
        <BookValueAmt>697119</BookValueAmt>
        <EOYFMVAmt>1234505</EOYFMVAmt>
      </InvestmentLandGrp>
    </InvestmentsLandSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <LegalFeesGrp>
        <CategoryTxt>ATTORNEY FEES</CategoryTxt>
        <LegalFeesAmt>400</LegalFeesAmt>
        <NetInvestmentIncomeAmt>300</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>100</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <MortgagesAndNotesPayableSch documentId="MortgagesAndNotesPayableSchedu" softwareId="23017517" softwareVersionNum="2023v5.1">
      <MortgageAmt>239283</MortgageAmt>
    </MortgagesAndNotesPayableSch>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherExpensesScheduleGrp>
        <Desc>BANK FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>18</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>14</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>4</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DEVELOPMENT EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>5271</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3953</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1318</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FILING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>69</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>52</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>17</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>841</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>631</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>210</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Rental Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>1608</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1608</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Special Event Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>1903</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1427</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>476</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherIncomeDetail>
        <Desc>Income From Special Events</Desc>
        <RevenueAndExpensesPerBooksAmt>15220</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <TaxesDetail>
        <CategoryTxt>INCOME TAX</CategoryTxt>
        <Amt>1070</Amt>
        <NetInvestmentIncomeAmt>803</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>267</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PROPERTY TAXES</CategoryTxt>
        <Amt>365</Amt>
        <NetInvestmentIncomeAmt>274</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>91</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>