Invest Dsm
- Assets
- $24.3m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Des Moines, IA
- Founding
- 01/2020
- Data as of
- 12/2023
- 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 12/2023, Invest Dsm employed 8 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 12/2023, Invest Dsm generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $5.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Invest Dsm has awarded 34 individual grants totaling $2,173,085. 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Cownie Co-Chair | OfficerTrustee | 1 | $0 |
Tom Hockensmith Co-Chair | OfficerTrustee | 1 | $0 |
Angela Connolly Secretary | OfficerTrustee | 1 | $0 |
Connie Boesen Treasurer | Trustee | 1 | $0 |
John Cacciatore Director | Trustee | 1 | $0 |
Jennifer Cooper Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Modern Touches Rehab Project | 6/29/21 | $171,602 |
Anchor Properties Rehab Project | 6/29/21 | $106,409 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,005,701 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,421 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,033,122 |
| Total Program Service Revenue | $2,806 |
| Investment income | $202,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $63,356 |
| 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 | $10,301,946 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,058,430 |
| Grants and other assistance to domestic individuals. | $1,226,763 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $193,498 |
| Compensation of current officers, directors, key employees. | $96,749 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $478,573 |
| Pension plan accruals and contributions | $8,601 |
| Other employee benefits | $79,983 |
| Payroll taxes | $56,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,065 |
| Fees for services: Accounting | $19,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,648 |
| Advertising and promotion | $0 |
| Office expenses | $49,422 |
| Information technology | $14,280 |
| Royalties | $0 |
| Occupancy | $52,312 |
| 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 | $10,265 |
| Insurance | $12,406 |
| All other expenses | $1,744,223 |
| Total functional expenses | $5,156,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,320,671 |
| Savings and temporary cash investments | $6,077,683 |
| 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 | $52,930 |
| Net Land, buildings, and equipment | $87,878 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,954,463 |
| Intangible assets | $0 |
| Other assets | $2,837,610 |
| Total assets | $24,331,235 |
| Accounts payable and accrued expenses | $56,091 |
| 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 | $243,656 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $243,273 |
| Total liabilities | $543,020 |
| Net assets without donor restrictions | $23,788,215 |
| Net assets with donor restrictions | $0 |
| 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 | $24,331,235 |
Grants Awarded
Over the last fiscal year, Invest Dsm has awarded $579,052 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Q-ENTERPRISES LLC PURPOSE: SINGLE FAMILY DEVELOPER GRANT | $206,500 |
36 ON 6TH LLC PURPOSE: COMMERCIAL DEVELOPMENT GRANT | $40,000 |
BEACHHAUS PARTNERS LLC PURPOSE: COMMERCIAL DEVELOPMENT GRANT | $57,018 |
WESLEY COMMUNITY SERVICES INC (WESLEYLIFE) PURPOSE: COMMERCIAL DEVELOPMENT GRANT | $50,000 |
UPTOWN INVESTOR TJU LLC PURPOSE: COMMERCIAL DEVELOPMENT GRANT | $107,275 |
609 GREEN ROOM PURPOSE: COMMERCIAL DEVELOPMENT GRANT | $13,394 |