2025-09-17T16:16:27-05:00 2024-12-31 943108253 NOVOGRADAC & COMPANY LLP 1300 EAST 9TH ST SUITE 900 CLEVELAND OH 44114 990 2024-01-01 463068180 ADVANCED CAPACCESS INC ADVA 3198833010 425 2ND STREET SE SKYWALK FLOOR CEDAR RAPIDS IA 52401 STEPHEN BRUSTKERN VICE PRESIDENT 3198833010 2025-09-17 1 0 ANNETTE STEVENSON P01062362 2162989000 2024 2025-03-06 01:10:19Z STEPHEN BRUSTKERN 425 2ND STREET SE SKYWALK FLOOR CEDAR RAPIDS IA 52401 1490693 0 X HTTPS://ADVANCEDCAPACCESS.ORG/ X 2013 IA TO SERVE AND PROVIDE INVESTMENT CAPITAL FOR LOW-INCOME PERSONS OR LOW-INCOME COMMUNITIES. 4 3 1 7 0 0 0 0 14561 1474432 703 16261 0 0 15264 1490693 0 0 0 0 0 3750 0 0 0 60734 532194 60734 535944 -45470 954749 968124 1391777 539498 8402 428626 1383375 TO SERVE AND PROVIDE INVESTMENT CAPITAL FOR LOW-INCOME PERSONS OR LOW-INCOME COMMUNITIES. 0 0 519871 1474432 THE ORGANIZATION IS SERVING AS MANAGING MEMBER FOR ACA I, III, AND IV, LLC, ALL OF WHOM PROVIDE, DIRECTLY OR INDIRECTLY, INVESTMENT CAPITAL TO QUALIFIED LOW INCOME COMMUNITY BUSINESSES PURSUANT TO THE NEW MARKETS TAX CREDIT PROGRAM. IN ADDITION, THE ORGANIZATION PROVIDES INVESTMENT CAPITAL TO LOCAL BUSINESSES. 519871 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 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 1 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X STEPHEN BRUSTKERN 3198833010 425 2ND STREET SE SKYWALK FLOOR CEDAR RAPIDS IA 52401 AMY LANG PRESIDENT 2.00 X X 0 0 0 OBIE SADDLER JR VICE PRESIDENT 2.00 X X 0 0 0 STEPHEN BRUSTKERN VICE PRESIDENT, TREASURER, SECRETARY 2.00 X X 3750 0 0 BRIAN HARGER DIRECTOR 1.00 X 0 0 0 3750 0 0 0 0 0 0 0 SUBSIDIARY CDE PLACEME 522200 1350000 1350000 ASSET MANAGEMENT FEES 522200 53464 53464 TERMINATION FEE 522200 33197 33197 AUDIT AND TAX FEE 522200 30000 30000 LOAN INTEREST 522200 7760 7760 11 11 1474432 16261 16261 1490693 1490693 0 0 3750 2812 938 450000 450000 60547 60547 3591 3591 663 663 8897 75 8822 3630 908 2722 1096 1096 BAD DEBT EXPENSE 2000 2000 MISCELLANEOUS 1020 1020 MEMBERSHIPS 750 750 535944 519871 16073 0 421064 1210554 30000 539432 141195 6728 6728 900 3300 968124 1391777 91088 8402 448410 539498 8402 X 0 0 0 0 0 428626 428626 1383375 968124 1391777 954749 0 X 0 1 X 0 0 X 63436 14561 1474432 1552429 63436 14561 1474432 1552429 0 0 0 1552429 4811 6620 1239 703 16261 29634 4811 6620 1239 703 16261 29634 4811 6620 64675 15264 1490693 1582063 0.98130 0.79910 0.01870 0.19990 X SCHEDULE A, PART III, LINE 12, EXPLANATION FOR OTHER INCOME: MISCELLANEOUS INCOME 0 X 1490693 0 1490693 0 1490693 535944 0 535944 0 535944 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE PREPARATION OF FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. MANAGEMENT HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAXING AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAXING AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 7A PER ARTICLE III, SECTION 1 AND 2 OF THE ORGANIZATION'S BYLAWS, SOUTHEASTERN MINNESOTA 504 DEVELOPMENT INC., HAS THE AUTHORITY TO APPOINT A MAJORITY OF THE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B PER ARTICLE III, SECTION 1 OF THE ORGANIZATION'S BYLAWS, SOUTHEASTERN MINNESOTA 504 DEVELOPMENT INC., HAS A CONTROLLING INFLUENCE OVER THE MANAGEMENT POLICIES AND INVESTMENT DECISIONS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER AND PRESIDENT REVIEW THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST FORM EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST CEDAR VALLEY GROWTH FUND I 1005 PEOPLES SQ STEB WATERLOO IA 50702 271044955 ECONOMIC DEVELOPMENT IA 501(C)(3) LINE 10 0 SOUTHEASTERN MINNESOTA 504 DEVELOPMENT INC 1926 COLLEGE VIEW RD SE ROCHESTOR MN 55904 411678990 ECONOMIC DEVELOPMENT MN 501(C)(6) 0 ACA I LLC 425 2ND STREET SE SKYWALK FLOOR CEDAR RAPIDS IA 52401 463076987 INVESTING/LENDING IA ADVANCED CAPACCESS INC RELATED 6 800 0 0 0.00010 ACA II LLC 425 2ND STREET SE SKYWALK FLOOR CEDAR RAPIDS IA 52401 463103643 INVESTING/LENDING IA ADVANCED CAPACCESS INC RELATED 0 0 0.00010 ACA III LLC 425 2ND STREET SE SKYWALK FLOOR CEDAR RAPIDS IA 52401 463119786 INVESTING/LENDING IA ADVANCED CAPACCESS INC RELATED 4 1004 0 0 0.00010 ACA IV LLC 425 2ND STREET SE SKYWALK FLOOR CEDAR RAPIDS IA 52401 463167149 INVESTING/LENDING IA ADVANCED CAPACCESS INC RELATED 2 900 0 0 0.00010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SOUTHEASTERN MINNESOTA 504 DEVELOPMENT INC R 450000 BY AGREEMENT