2026-04-03T19:01:32-05:00 2025-06-30 810446334 DOUGLAS WILSON & COMPANY PC 1000 FIRST AVENUE SOUTH GREAT FALLS MT 59401 990 2024-07-01 810465605 GREAT FALLS DEVELOPMENT AUTHORITY GREA 4067502119 PO BOX 949 GREAT FALLS MT 59403 BRETT DONEY PRESIDENT 4067502119 2026-03-23 1 0 X MELISSA H SOLDANO P01259603 4067614645 2024 2025-03-06 01:10:19Z GREAT FALLS DEVELOPMENT ALLIANCE BRETT DONEY PO BOX 949 GREAT FALLS MT 59403 9127676 0 X WWW.GROWGREATFALLSMONTANA.ORG X 1990 MT THE GREAT FALLS DEVELOPMENT AUTHORITY, INC. DBA GREAT FALLS DEVELOPMENT ALLIANCE (GFDA) IS A COMMUNITY ECONOMIC DEVELOPMENT PARTNERSHIP AND CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). GFDA IS ORGANIZED AS A MONTANA NONPROFIT 501(C)3 CHARITABLE CORPORATION. IT IS A BROAD PRIVATE, NONPROFIT, AND PUBLIC PARTNERSHIP THAT SERVES THE GREAT FALLS MONTANA MSA AND THE SURROUNDING 13-COUNTY RURAL AND TRIBAL TRADE AREA OF NORTH CENTRAL MONTANA. 43 43 27 125 0 0 2026003 1716382 7683982 6861962 3 1 236718 549331 9946706 9127676 171484 0 0 0 1845663 2119480 0 0 71233 2298608 1999814 4315755 4119294 5630951 5008382 32752170 39178058 10195387 11612893 22556783 27565165 X GFDA'S MISSION IS TO GROW DIVERSE ECONOMIC OPPORTUNITIES THAT ENHANCE QUALITY OF LIFE. GFDA SEEKS TO TRANSFORM GREAT FALLS, MONTANA AND THE SURROUNDING RURAL AND TRIBAL REGION INTO A THRIVING ECONOMY THAT RAISES THE STANDARD OF LIVING, PARTICULARLY FOR UNDERSERVED POPULATIONS AND ECONOMICALLY DISTRESSED AREAS, AND CREATES GREATER ECONOMIC OPPORTUNITY FOR PEOPLE, ENTREPRENEURS, AND BUSINESSES. 0 0 1508713 4303143 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 60 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 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. 1714890 617119 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 THIRTEEN REVOLVING LOAN FUNDS CAPITALIZED FROM A VARIETY OF PUBLIC AND PRIVATE SOURCES. TO DATE, THE ORGANIZATION HAS MADE 209 LOANS TOTALING $72,403,010 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. 524945 341179 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. EIGHT COMPANIES HAVE PURCHASED LOTS IN THE PARK. TO DATE, FOUR COMPANIES HAVE COMPLETED NEW FACILITIES IN THE PARK. 116382 2149852 SPECIAL PROJECTS 116382 2149852 3864930 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 11 0 1 27 1 0 0 0 0 0 0 0 0 0 0 X 43 43 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 JOHNNA LIGHTBOURNE CHAIR 1.50 X X 0 0 0 NATE WEISENBURGER TREASURER 1.50 X X 0 0 0 ANDREAS GERANIOS SECRETARY 1.50 X 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 JOE BRIGGS DIRECTOR 1.50 X 0 0 0 ED BROWN DIRECTOR 1.50 X 0 0 0 MARK CAPPIS 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 REBECCA ENGUM DIRECTOR 1.50 X 0 0 0 STEPHANIE ERDMANN DIRECTOR 1.50 X 0 0 0 SHANE ETZWILER DIRECTOR 1.50 X 0 0 0 RANDY GILBERTSON DIRECTOR 1.50 X 0 0 0 DANI GREBE DIRECTOR 1.50 X 0 0 0 ROB HANEY DIRECTOR 1.50 X 0 0 0 BRETT HARRIS DIRECTOR 1.50 X 0 0 0 TOM HEISLER DIRECTOR 1.50 X 0 0 0 KYLE HERDA DIRECTOR 1.50 X 0 0 0 SHANNON HOILAND DIRECTOR 1.50 X 0 0 0 DWAYNE HOWARD DIRECTOR 1.50 X 0 0 0 HEATHER HOYER DIRECTOR 1.50 X 0 0 0 KACI HUSTED DIRECTOR 1.50 X 0 0 0 TRACY JERMAN DIRECTOR 1.50 X 0 0 0 PEYTON JOHNSON 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 TYLER MUZZANA DIRECTOR 1.50 X 0 0 0 GEORGE NIKOLAKAKOS DIRECTOR 1.50 X 0 0 0 JAYSON OLTOFF DIRECTOR 1.50 X 0 0 0 RAYMOND PORTER 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 BRITTANY RILEY 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 JESSE WALDENBERG DIRECTOR 1.50 X 0 0 0 LEN WATKINS DIRECTOR 1.50 X 0 0 0 PATRICK WOODALL DIRECTOR 1.50 X 0 0 0 BRETT DONEY PRESIDENT 40.00 X 243973 0 34480 JOLENE SCHALPER VICE PRESIDENT 40.00 X 107179 0 35054 351152 0 69534 2 0 1 0 0 1341993 374389 11629 1716382 OTHER GRANTS AND CONTR 900099 3785955 3785955 LENDING INTEREST AND F 900099 1600521 1600521 CDFI 900099 531250 531250 APEX, SBDC, CMDC 900099 517188 517188 TIF REIMBURSEMENT 900099 341179 341179 85869 85869 6861962 1 1 9509 0 9509 9509 9509 OTHER INCOME 900099 488371 488371 APPLICATION FEES 900099 49451 49451 PROFESSIONAL MANAGEMEN 900099 2000 2000 539822 9127676 7411293 0 1 299461 299461 1424091 1173897 193726 56468 63172 53390 7982 1800 207765 170477 29017 8271 124991 109066 11539 4386 6957 -825 7782 20590 20590 87281 75302 11979 127546 127546 94924 12423 82501 26103 2131 23972 128565 117045 11520 16551 3590 12731 230 139677 94049 45628 14189 14189 27612 27612 SETTLEMENT EXPENSE - LO 380581 380581 AGRITECH PARK TIF REIMB 341179 341179 STRATEGIC PLANNING 237421 237421 AGRITECH PARK 183766 183766 166872 484431 -317637 78 4119294 3864930 183131 71233 2717384 6079890 2142104 4614771 203382 191237 24047932 24280090 370480 343308 22743 27172 3618625 3984898 32752170 39178058 377367 695446 41582 30423 8981921 10028803 794517 858221 10195387 11612893 X 10963902 11271564 11592881 16293601 22556783 27565165 32752170 39178058 5008382 0 X X 0 1 X 1 1 1 X 608722 555683 2926642 2026003 1716382 7833432 5982144 4427038 2621978 7774199 7352331 28157690 6590866 4982721 5548620 9800202 9068713 35991122 0 0 0 35991122 1 1 11 3 1 17 1 1 11 3 1 17 38156 62481 105955 133992 49451 390035 6629023 5045203 5654586 9934197 9118165 36381174 0.98930 0.98800 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 370480 343308 27172 27172 ACCRUED INTEREST RECEIVABLE 865658 DUE FROM HIGH PLAINS FINANCIAL 5797 LEASE RIGHT OF USE 746200 LAND HELD FOR SALE - AGRITECH PARK 2367243 3984898 FUNDS HELD IN TRUST 109213 LEASE PAYABLE 749008 858221 9127676 0 9127676 0 9127676 4119294 0 4119294 0 4119294 X 0 0 0 0 0 0 0 0 0 BRETT DONEY PRESIDENT 243973 0 0 0 0 0 17374 0 17106 0 278453 0 0 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 2024, 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 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 801707 141443 GREAT FALLS DEVELOPMENT AUTHORITY INC