2025-10-10T16:08:25-05:00 2024-12-31 420794029 DENMAN CPA LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2024-01-01 842607571 INVEST DSM INVE 5152218410 525 SW 5TH STREET F DES MOINES IA 50309 THERESA GREENFIELD DIRECTOR OF OPERATIONS 5152218410 2025-09-25 1 1 JEFFEREY ROY P01951847 5152258400 2024 2025-03-06 01:10:19Z THERESA GREENFIELD 525 SW 5TH STREET F DES MOINES IA 50309 10898293 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 6 9 0 0 10033122 10355586 2806 3525 202662 451557 63356 87625 10301946 10898293 2285193 4081392 0 0 816734 1001496 0 0 0 2054546 2771759 5156473 7854647 5145473 3043646 24331235 29036420 543020 2181908 23788215 26854512 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 7395433 4081392 91150 PROVIDE HOLISTIC AND INNOVATIVE SOLUTIONS THAT STRENGTHEN NEIGHBORHOODS. 7395433 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 16 0 1 6 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 SIERRA ROSE 5152218410 525 SW 5TH STREET NO F DES MOINES IA 50309 TOM HOCKENSMITH CHAIR 1.00 X X 0 0 0 CONNIE BOESEN VICE CHAIR 1.00 X X 0 0 0 JENNIFER COOPER TREASURER 1.00 X X 0 0 0 ANGELA CONNOLLY SECRETARY 1.00 X X 0 0 0 SCOTT SANDERS DIRECTOR 1.00 X 0 0 0 JOHN CACCIATORE 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 191522 0 30367 CHRIS CIVITATE NEIGHBORHOOD DEVELOPMENT MANAGER 40.00 X 105947 0 11545 SIERRA ROSE OPERATIONS MANAGER 40.00 X 104035 0 11507 401504 0 53419 3 0 1 0 EXECUTIVE INTERIORS 27090 EAGLE CREST DR ADEL IA 50003 CONSTRUCTION SERVICES 876499 CUTLER CONSTRUCTIONS 120 5TH ST SUITE C WEST DES MOINES IA 50265 CONSTRUCTION SERVICES 863931 MDH DESIGN 4225 FLEUR DR DES MOINES IA 50321 CONSTRUCTION SERVICES 209716 CZB LLC 31 CENTRE STREET BATH ME 04530 STRATEGIC PLANNING 203000 4 10270000 85586 10355586 NEIGHBORHOOD GRANT ADMINISTRATIVE 561000 3525 3525 3525 451557 451557 87625 0 87625 87625 87625 10898293 91150 0 451557 2305715 2305715 1775677 1775677 221889 110945 110944 610261 512724 97537 12057 10130 1927 91863 77181 14682 65426 54969 10457 107403 96714 10689 46895 46895 15974 15974 349277 302499 46778 32293 32293 12960 1078 11882 62114 30374 31740 5249 5249 22167 22167 GAP FINANCING ON DEV CO 2117427 2117427 7854647 7395433 459214 0 5320671 6179105 6077683 5924467 52930 103623 246776 33030 87878 213746 9954463 13692650 2837610 2922829 24331235 29036420 56091 204654 243656 1757960 243273 219294 543020 2181908 X 23788215 26779512 75000 23788215 26854512 24331235 29036420 X 3043646 6374 16277 X X 0 1 X 1 0 X 10207473 76289 10445083 10033122 10355586 41117553 125681 125681 10333154 76289 10445083 10033122 10355586 41243234 41243234 1449 17023 52956 202662 451557 725647 41968881 219591 0.98270 0.99090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 93094 10092 83002 49007 22938 26069 104675 104675 213746 LOANS RECEIVABLE 5570036 C INVESTMENT IN DEVELOPMENT PROPERTIES 8122614 C 13692650 BENEFICIAL INTEREST IN ASSETS HELD BY CFGDM 2875679 OPERATING RIGHT-OF-USE ASSETS 47150 2922829 REFUNDABLE ADVANCES 170795 LEASE LIABILITY 48499 219294 X 10904970 6374 16277 22651 10882319 15974 15974 10898293 7838673 0 7838673 15974 15974 7854647 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. MANAGEMENT BELIEVES THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST 16,277. 1 BLOCK CHALLENGE GRANTS 88 158977 HOMEOWNER RENOVATION GRANTS 790 1616700 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 191522 0 0 0 0 0 7661 0 22706 0 221889 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 16,277. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.