Invest Dsm
- Assets
- $13.1m
- Revenue
- $110.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Des Moines, IA
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-2607571
Organization Overview
Invest Dsm is located in Des Moines, IA. The organization was established in 2020. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Invest Dsm employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Invest Dsm is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Invest Dsm generated $110.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (72.0%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Invest Dsm has awarded 12 individual grants totaling $818,854. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOLISTIC AND INNOVATIVE SOLUTIONS THAT STRENGTHEN NEIGHBORHOODS. WE DO THIS THROUGH STRATEGIC INVESTMENTS IN REAL ESTATE AND PARTNERSHIPS TO IMPROVE QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOLISTIC AND INNOVATIVE SOLUTIONS THAT STRENGTHEN NEIGHBORHOODS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Lynch Executive Director | Officer | 40 | $150,097 |
Frank Cownie Co-Chair | OfficerTrustee | 1 | $0 |
Angela Connolly Secretary | OfficerTrustee | 1 | $0 |
Tom Hockensmith Co-Chair | OfficerTrustee | 1 | $0 |
Connie Boesen Director | Trustee | 1 | $0 |
John Cacciatore Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anchor Properties Rehab Project | 6/29/21 | $106,409 |
Modern Touches Rehab Project | 6/29/21 | $171,602 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,289 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,289 |
| Total Program Service Revenue | $13,082 |
| Investment income | $21,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,576 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $363,133 |
| Grants and other assistance to domestic individuals. | $543,402 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,616 |
| Compensation of current officers, directors, key employees. | $45,807 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,909 |
| Pension plan accruals and contributions | $2,982 |
| Other employee benefits | $25,972 |
| Payroll taxes | $17,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,413 |
| Fees for services: Accounting | $17,486 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,333 |
| Advertising and promotion | $0 |
| Office expenses | $16,918 |
| Information technology | $6,477 |
| Royalties | $0 |
| Occupancy | $21,274 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,395 |
| Insurance | $8,521 |
| All other expenses | $1,843,175 |
| Total functional expenses | $3,172,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,415 |
| Savings and temporary cash investments | $1,000,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,175 |
| Net Land, buildings, and equipment | $11,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,681,214 |
| Intangible assets | $0 |
| Other assets | $7,010,431 |
| Total assets | $13,108,701 |
| Accounts payable and accrued expenses | $124,547 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,007 |
| Total liabilities | $151,554 |
| Net assets without donor restrictions | $4,613,150 |
| Net assets with donor restrictions | $8,343,997 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,108,701 |
Grants Awarded
Over the last fiscal year, Invest Dsm has awarded $201,667 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Des Moines, IA PURPOSE: DEVELOPER GRANT | $65,900 |
RAVINA HOMES PURPOSE: DEVELOPER GRANT | $50,000 |
Q-ENTERPRISES LLC PURPOSE: DEVELOPER GRANT | $41,667 |
ANCHOR (ARCHWAY) PROPERTIES PURPOSE: DEVELOPER GRANT | $29,100 |
Des Moines, IA PURPOSE: DEVELOPER GRANT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Invest Dsm has recieved totaling $16.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beyond Housing Inc Pine Lawn, MO | $38,518,173 | $15,419,086 |
Holy Name Housing Corporation Omaha, NE | $22,109,474 | $11,884,709 |
Center For Veterans Issues Inc Milwaukee, WI | $5,642,001 | $8,532,002 |
Neighborworks Home Partners Saint Paul, MN | $22,327,379 | $11,840,532 |
Full Circle Communities Inc Chicago, IL | $146,223,116 | $65,892,596 |
Little Earth Of United Tribes Housing Corporation Minneapolis, MN | $16,435,271 | $3,915,477 |
Heartland Housing Inc Chicago, IL | $62,362,364 | $6,250,781 |
Habitat For Humanity International Inc Wheaton, IL | $6,181,970 | $4,027,950 |
Invest Dsm Des Moines, IA | $13,108,701 | $110,576 |
Daytons Bluff Neighborhood Housing Services Inc Saint Paul, MN | $22,257,418 | $1,487,305 |
Heartland Independent Living Center Owensville, MO | $2,130,293 | $2,069,322 |
Neighborhood Development Corp Des Moines, IA | $6,803,177 | $2,495,754 |