IOWA DEVELOPMENT CORPORATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- IOWA DEVELOPMENT CORPORATION (EIN 26-2000451)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-09-23
- IRS object ID
- 202402679349300920
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-09-23T10:59:21-07:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 421443361 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TARBELL & CO PLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1466 28TH STREET SUITE 100 | AddressLine1Txt |
| City | WEST DES MOINES | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50266 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 262000451 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IOWA DEVELOPMENT CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | IOWA | BusinessNameControlTxt |
| Phone | 5152234511 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5409 NW 88TH STREET 100 | AddressLine1Txt |
| City | JOHNSTON | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50131 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DANIEL T ROBESON | PersonNm |
| Person Title | Executive Dir. | PersonTitleTxt |
| Signature | 2024-09-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | David Wall CPA | PreparerPersonNm |
| PTIN | P01420805 | PTIN |
| Phone | 5152820200 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5409 NW 88TH STREET 100 | AddressLine1Txt |
| City | JOHNSTON | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50131 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $960,698 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2003 | FormationYr |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Activity Or Mission | TO SERVE AS A MANAGING MEMBER OF A COMMUNITY DEVELOPMENT ENTITY ORGANIZED TO PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES OR LOW-INCOME PERSONS WITHIN THE STATE OF IOWA PURSUANT TO THE COMMUNITY RENEWAL TAX RELIEF ACT OF 2000. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 15 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,069,596 | PYOtherRevenueAmt |
| CY Other Revenue | $960,698 | CYOtherRevenueAmt |
| PY Total Revenue | $1,069,596 | PYTotalRevenueAmt |
| CY Total Revenue | $960,698 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,098,560 | PYOtherExpensesAmt |
| CY Other Expenses | $994,819 | CYOtherExpensesAmt |
| PY Total Expenses | $1,098,560 | PYTotalExpensesAmt |
| CY Total Expenses | $994,819 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$28,964 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$34,121 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,932,406 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,898,196 | TotalAssetsEOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,932,406 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,898,196 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO SERVE AS A MANAGING MEMBER OF A COMMUNITY DEVELOPMENT ENTITY ORGANIZED TO PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES OR LOW-INCOME PERSONS WITHIN THE STATE OF IOWA PURSUANT TO THE COMMUNITY RENEWAL TAX RELIEF ACT OF 2000. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $994,819 | ExpenseAmt |
| Desc | IOWA DEVELOPMENT CORPORATION (IDC) OWNS A 99% INTEREST IN IOWA COMMUNITY DEVELOPMENT, LC (ICD). ICD SERVES AS A MANAGING MEMBER OF SEVERAL COMMUNITY DEVELOPMENT ENTITIES. ICD RECEIVES COMPENSATION TO ALLOW FOR PAYMENTS OF LEGAL FEES AND THIRD PARTY OVERSIGHT OF THE ENTITY. ICD'S PURPOSE IS TO SECURE AND DISTRIBUTE ALLOCATIONS OF NEW MARKET TAX CREDITS FROM THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF TREASURY, AND, THEREBY, PROMOTE INVESTMENT INTO OPERATING BUSINESSES AND REAL ESTATE PROJECTS LOCATED IN LOW-INCOME COMMUNITIES. PROJECTS ARE AS FOLLOWS:$320 MILLION OF NEW MARKET TAX CREDIT ALLOCATIONS HAVE BEEN DEPLOYED IN LOW INCOME COMMUNITIES IN IOWA BY THE END OF 2022 FOR THE FOLLOWING PROJECTS:ICD I, LLC - $9.5 MILLION TO ADLER THEATER, DAVENPORT, IOWA, THE RENOVATION OF A HISTORIC THEATER IN A HIGHLY DISTRESSED CENSUS TRACT.ICD II, LLC - $10 MILLION TO NORTHWEST AIRLINES CALL CENTER, SIOUX CITY, IOWA, A PROJECT INTENDED TO CREATE OVER 200 JOBS AND STIMULATE DEVELOPMENT IN A DISTRESSED CENSUS TRACT.ICD III, LLC - $9 MILLION TO RIVER POINT WEST, DES MOINES, IOWA, A MIXED-USE DEVELOPMENT PLANNED TO INCLUDE 500 HOUSING UNITS, 200,000 SQUARE FEET OF RETAIL SPACE AND 500,000 SQUARE FEET OF COMMERCIAL SPACE.ICD IV, LLC - $7 MILLION TO VILLAGE PLACE, DES MOINES, IOWA, A MIXED-USE DEVELOPMENT WHICH HAS SPARKED ADDITIONAL DEVELOPMENT IN DES MOINES' HISTORIC EAST VILLAGE.ICD V, LLC - $14.5 MILLION TO ASSIST WINEGARD COMPANY TO RENOVATE A 140,000 SQUARE FOOT BLIGHTED SHOPPING MALL AND TO PURCHASE EQUIPMENT AND EXPAND THEIR MANUFACTURING FACILITIES LOCATED IN A NON-METRO DISTRESSED CENSUS TRACT BY 55,000 SQUARE FEET. THE PROJECT IS EXPECTED TO CREATE 70 FULL-TIME EMPLOYEES CONSISTING OF ENGINEERS FOR RESEARCH, MARKETING AND TECHNICAL SERVICE PERSONNEL, MANUFACTURING SUPERVISORS, FACTORY OPERATORS, AND SHIPPING PERSONNEL.ICD VI, LLC - $5.75 MILLION TO SUPPORT A PROJECT INVOLVING THE CONSTRUCTION OF A GREEN HEADQUARTERS BUILDING FOR CAMBRIDGE INVESTMENT GROUP, A LEADING INDEPENDENT BROKER/DEALER WITH OVER 250 EMPLOYEES IN THE FAIRFIELD, IOWA AREA.ICD VII, LLC - $3.75 MILLION TO SUPPORT A PROJECT INVOLVING THE RENOVATION OF THE JULIEN HOTEL, DUBUQUE, IOWA, A 135,000 SQUARE FOOT HISTORICAL HOTEL IN A HIGHLY DISTRESSED CENSUS TRACT.ICD VIII, LLC - $10 MILLION TO SUPPORT THE RENOVATION OF THE HISTORIC ROSHEK BUILDING IN DUBUQUE, IOWA. THE RENOVATION WAS SUCCESSFUL IN ATTRACTING AN IBM OFFICE WHICH PROVIDED 1,300 JOBS TO A HIGHLY DISTRESSED CENSUS TRACT.ICD IX, LLC - $10 MILLION TO SUPPORT THE RENOVATION AND REHABILITATION OF TWO HISTORIC FRANK LLOYD WRIGHT DESIGNED COMMERCIAL BUILDINGS LOCATED IN DOWNTOWN MASON CITY, IOWA, A NON-METRO OUT-MIGRATION TRACT. THE PROJECT IS EXPECTED TO CREATE 27 DIRECT JOBS AND HAVE A POSITIVE IMPACT ON TOURISM IN THE COMMUNITY.ICD X, LLC - $10 MILLION TO SUPPORT THE CONSTRUCTION OF AN EGG LAYING FACILITY LOCATED NEAR CORWITH IN HANCOCK COUNTY IOWA, A NON-METRO OUT-MIGRATION TRACT. THE PROJECT IS EXPECTED TO CREATE APPROXIMATELY 72 FULL-TIME JOBS. IN ADDITION, EACH BIRD HOUSED AT THE FACILITY WILL CONSUME ABOUT ONE BUSHEL OF CORN ANNUALLY, CREATING A PROJECTED 3 MILLION BUSHEL INCREASE IN LOCAL DEMAND FOR CORN.ICD XI, LLC - $10 MILLION TO SWIFT PORK COMPANY, MARSHALLTOWN, IOWA FOR A 130,000 SQUARE FOOT EXPANSION OF A PORK PROCESSING PLANT. THE PROJECT IS EXPECTED TO CREATE 30 NEW JOBS WITHIN A HIGHLY DISTRESSED CENSUS TRACT AND SETS THE STAGE FOR FURTHER EXPANSION AND JOB CREATION AT THE PLANT.ICD XII, LLC - $15 MILLION TO PHYSICIANS CLINIC OF IOWA, CEDAR RAPIDS. CONSTRUCTION OF A 205,425 SQUARE FOOT MEDICAL MALL IN A HIGHLY DISTRESSED CENSUS TRACT. IT IS ONE OF THE FIRST PRIVATE, FOR-PROFIT INVESTMENTS IN DOWNTOWN CEDAR RAPIDS SINCE A DEVASTATING FLOOD HIT THE AREA IN JUNE 2008. IT ALSO PROVIDES SPACE FOR VARIOUS MEDICAL SERVICES FOR LOW INCOME RESIDENTS AND THE POTENTIAL FOR 50 TO 100 NEW JOBS.ICD XIII, LLC - $10 MILLION TO PINNACLE FOODS, FT. MADISON, IOWA. CONSTRUCTION OF A 16,700 SQUARE FOOT EXPANSION AND INSTALLATION OF EQUIPMENT FOR FOOD PROCESSING AND PACKAGING. IT ALSO PROVIDES FOR THE UPDATING OF EXISTING MANUFACTURING SPACE. JOB CREATION IS 65 EMPLOYEES IN THIS RURAL COMMUNITY AND THE RETENTION OF THE EXISTING 430 EMPLOYEES.ICD XIV, LLC - $12 MILLION TO ASSIST FIVE HABITAT FOR HUMANITY AFFILIATES CONSTRUCT 94 HOMES ACROSS THE STATE OF IOWA. SOME OF THE HOMES ARE LOCATED IN NON-METRO AREAS AND ALL ARE TARGETED TO PROVIDE ASSISTANCE TO LOW INCOME RESIDENTS; TWELVE IOWA COUNTIES WERE IMPACTED.ICD XV, LLC - $12 MILLION TO CONSTRUCT A NEW MULTIPURPOSE BUILDING AT 420 COURT AVENUE IN DES MOINES, IA. IT WILL INCLUDE 82 APARTMENTS AND APPROXIMATELY 35,000 SQUARE FEET OF SPACE FOR A FULL SERVICE HY-VEE GROCERY STORE. LOCATED IN A FOOD DESERT, THE PROJECT IS EXPECTED TO CREATE 75 FULL TIME JOBS AND 128 PART TIME JOBS.ICD XVI, LLC - $18 MILLION TO NOVELTY IRONWORKS, DUBUQUE, IA. THE ALLOCATION SUPPORTED THE RENOVATION OF A 260,000 SQ. FOOT HISTORIC WAREHOUSE BUILDING INTO A MIXED USE PROPERTY CONTAINING APARTMENTS AND COMMERCIAL SPACE. BECAUSE OF OTHER NEW MARKETS TAX CREDIT JOB CREATION IN THIS HIGHLY DISTRESSED CENSUS TRACT, A SHORTAGE OF HOUSING HAD BECOME A HINDRANCE TO FURTHER ECONOMIC IMPACT.ICD XVII, LLC (2 PROJECTS) - THE FIRST, $10.2 MILLION TO PROLIANT MEAT PRODUCTS IN RURAL HARLAN, IA. SUPPORT WAS GIVEN TO THIS 25,000 SQUARE FOOT MANUFACTURING BUILDING AND EQUIPMENT EXPANSION EXPECTED TO CREATE 45 NEW JOBS IN THIS RURAL LOW INCOME CENSUS TRACT.ICD XVII, LLC - SECOND, $ 15.8 MILLION TO ASSIST WITH THE CONSTUCTION OF A NEW CORPORATE HEADQUARTERS FOR THE CRST TRUCKING COMPANY IN CEDAR RAPIDS, IA. THIS ALLOWS THE COMPANY TO EXPAND ITS JOB TRAINING SCHOOL AND HOUSING FACILITY WHICH FOCUSES ON UNEMPLOYED LOW INCOME STUDENTS. EXPECTED JOB CREATION IS 953.ICD XVIII, LLC - $7.5 MILLION TO ASSIST WITH THE PURCHASE AND RENOVATION OF A HISTORIC BUILDING BY THE DES MOINES SOCIAL CLUB IN DES MOINES, IA. THE ALLOCATION ALLOWED THE NON-PROFIT TO EXPAND ITS PROGRAMS AND SERVICES TO RESIDENTS OF THE SURROUNDING LOW-INCOME CENSUS TRACT WHILE CREATING 83 NEW JOBS IN THE PROCESS.ICD XIX, LLC - $12 MILLION TO KINGLAND SYSTEMS IN AMES, IA FOR THE CONSTRUCTION OF A NEW 75,000 SQ. FOOT OFFICE AND RETAIL SPACE IN THE HEART OF THE LOW INCOME CAMPUS TOWN DISTRICT. NEW JOB CREATION IS EXPECTED TO BE 185 JOBS.ICD XX, LLC - $10 MILLION TO ASSIST WITH THE MANUFACTURING EXPANSION OF CASE NEW HOLLAND INDUSTRIAL LOCATED IN BURLINGTON, IA. THE EXPANSION HELPED RETAIN THE EXISTING 700 JOBS AND IS EXPECTED TO CREATE AN ADDITIONAL 50 QUALITY JOBS.ICD XXI, LLC - $12 MILLION TO RENOVATE TWO CURRENTLY VACANT BUILDINGS AT SCOTT COMMUNITY COLLEGE TO EXPAND EDUCATIONAL OFFERINGS AT THE KAHL EDUCATIONAL CENTER INTO A FULL SERVICE COMMUNITY COLLEGE URBAN CAMPUS THAT WILL MAINLY SERVE STUDENTS FROM THE LOW INCOME COMMUNITY, WHILE HELPING TO REVITALIZE A HISTORIC BUSINESS DISTRICT IN DAVENPORT, IOWA AND CATALYZING FURTHER REDEVELOPMENT IN THE AREA. AN ADDITIONAL $10 MILLION ALLOCATED IN 2017. EXPECTED TO CREATE OR RETAIN 232 PERMANENT JOBS.ICD XXII, LLC - $8.6 MILLION FOR A 36,000 SQUARE FOOT EXPANSION PROJECT TO THE CURRENT MANUFACTURING FACILITY FOR CONTITECH IN MOUNT PLEASANT, IOWA. THE PROJECT IS EXPECTED TO CREATE 41 NEW JOBS. THE PROJECT REQUIRES AN ELEMENT TO PROVIDE STEM FUNDING TO MOUNT PLEASANT HIGH SCHOOL STUDENTS.ICD XXIII, LLC - $16.2 MILLION FOR THE DEVELOPMENT OF AN EVENT VENUE AND MIXED USE RETAIL CENTER IN IOWA CITY, IOWA. THE PROJECT IS EXPECTED TO CREATE 552 NEW JOBS AND SPUR ADDITIONAL ECONOMIC DEVELOPMENT IN THE IOWA RIVER LANDING AREA.ICD XXIV, LLC AND ICD XXV, LLC - $10 MILLION FOR THE DEVELOPMENT OF A 21,000 SQUARE FOOT FACILITY TO HOUSE A BOYS AND GIRLS CLUB LOCATION ON THE CAMPUS OF DRAKE UNIVERSITY PROVIDING KIDS AND TEENS A SAFE, SUPPORTIVE PLACE TO BE AFTER SCHOOL AND DURING THE SUMMER WITH STRUCTURED PROGRAMS AND CARING STAFF ROLE MODELS.ICD XXVI, LLC - $17 MILLION TO SUPPORT RELOCATION OF TYSON FOODS TURKEY FEED MILL TO A 63-ACRE PROPERTY IN STORM LAKE IOWA.ICD XXVII, LLC - $2 MILLION TO SUPPORT THE DES MOINES HERITAGE TRUST HISTORIC DEPOT PROJECT IN THE EAST VILLAGE OF DES MOINES. THE DEPOT WILL BE HOST FOR DES MOINES' HERITAGE ORGANIZATIONS LIKE THE DES MOINES HISTORICAL SOCIETY, HISTORIC EAST VILLAGE, DES MOINES REHABBERS CLUB, AND OTHERS. THE DEPOT WILL PROVIDE OPPORTUNITIES FOR THE COMMUNITY TO LEARN MORE ABOUT DES MOINES' ARCHITECTURAL HERITAGE.ICD XXVIII, LLC - $2 MILLION TO SUPPORT A 9,000 SQUARE FOOT ADDITION TO THE HOYT SHERMAN PLACE THEATER WHICH WILL PROVIDE AN UPDATE TO THE CONCESSION AREA, ADDITIONAL SPACE ON THE BALCONY LEVEL, AND ADDITIONAL KITCHEN STORAGE AREA.ICD XXIX, LLC - $2 MILLION TO SUPPORT THE EXPANSION OF YOUTH AND SHELTER SERVICES FACILITIES IN MASON CITY, IOWA.ICD XXX, LLC - $13 MILLION TO SUPPORT THE LARGE-SCALE EXPANSION OF A PORK PROCESSING FACILITY LOCATED IN OTTUMWA, IA. THE PROJECT IS EXPECTED TO CREATE OR RETAIN 374 PERMANENT JOBS.ICD, XXXI, LLC - $15.2 MILLION T | Desc |
| Total Program Service Expenses | $994,819 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | Yes (true) | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DANIEL T ROBESON | PersonNm |
| Phone | 5154214841 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5409 NW 88TH STREET | AddressLine1Txt |
| City | JOHNSTON | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50131 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| DENNIS MURDOCK | |||||||
| President | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JOHN LINCH | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN SORENSEN | |||||||
| Treasurer | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BRUCE TAMISIEA | |||||||
| Vice President | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DANIEL T ROBESON | |||||||
| Executive Dir. | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| RAND FISHER | |||||||
| Secretary | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JOHN RIGLER III | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
| Total Program Service Revenue | $0 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PARTNERSHIP INCOME | 900099 | $960,698 | $960,698 |
| ICD, LC (20-0183898) | 900099 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $960,698 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $960,698 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $960,698 | RelatedOrExemptFuncIncomeAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTNERSHIP EXPENSES | Desc |
| Total | $994,819 | TotalAmt |
| Program Services | $994,819 | ProgramServicesAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $994,819 | TotalAmt |
| Program Services | $994,819 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,932,406 | BOYAmt |
| EOY | $1,898,196 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,932,406 | BOYAmt |
| EOY | $1,898,196 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,932,406 | BOYAmt |
| EOY | $1,898,196 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,932,406 | BOYAmt |
| EOY | $1,898,196 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,932,406 | BOYAmt |
| EOY | $1,898,196 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$34,121 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$89 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTNERSHIP - ICD, LC 20-0183898 | Desc |
| Book Value | $1,898,196 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,898,196 | TotalBookValueOtherAssetsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, Line 9 | DENNIS MURDOCK, PRESIDENTC/O CENTRAL IOWA POWER COOPERATIVEPO BOX 2517CEDAR RAPIDS, IOWA 52406BRUCE TAMISIEA, VICE PRESIDENTC/O TECTON INDUSTRIESPO BOX 877SPENCER, IOWA 51301JOHN SORENSEN, TREASURERC/O IOWA BANKERS ASSOCIATION8800 NW 62ND AVEJOHNSTON, IOWA 50131DANIEL T.ROBESON, EXECUTIVE DIRECTORC/O IOWA BUSINESS GROWTH COMPANY5409 88TH STREET, STE 100JOHNSTON, IOWA 50131RAND FISHER, SECRETARYC/O IOWA AREA DEVELOPMENT GROUP2600 GRAND AVENUE, SUITE 430DES MOINES, IA 50312JOHN LINCH, DIRECTORC/O FIRST NATIONAL BANK, AMES405 5TH STREETAMES, IA 50010JOHN RIGLER III, DIRECTORC/O PEOPLES BANK12701 UNIVERSITY AVENUECLIVE, IA 50325 |
| Form 990, Part VI, Section B, Line 11b | THE FORM 990 IS REVIEWED BY ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING. |
| Form 990, Part VI, Section B, Line 12c | IOWA DEVELOPMENT CORPORATION ADOPTED A CONFLICT OF INTEREST POLICY WHEREIN ISSUES OF POTENTIAL CONFLICT ARE ADDRESSED OPENLY AT MEETINGS OF THE BOARD OF DIRECTORS. tHE CONFLICT OF INTEREST POLICY IS CONTAINED WITHIN THE ORGANIZATION'S "CODE OF BUSINESS CONDUCT AND ETHICS" WHICH WAS ADOPTED BY THE BOARD OF DIRECTORS ON DECEMBER 19, 2014. |
| Form 990, Part VI, Section C, Line 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. |
| Form 990, Part XI, Line 9 | BOOK-TAX DIFFERENCES RELATED TO INVESTMENT IN ICD, LC = -$89 |
| FORM 990, PART VI, LINES 15A & 15B | THE ORGANIZATION PAID NO COMPENSATION; THEREFORE, COMPENSATION WAS NOT REQUIRED TO BE REVIEWED OR APPROVED. |
| FORM 990, PART VIII, LINE 11A | THE ORGANIZATION OWNS 99% OF IOWA COMMUNITY DEVELOPMENT, LC (ICD), WHICH OWNS AN INTEREST IN NUMEROUS OTHER LIMITED LIABILITY COMPANIES. ACCORDINGLY, THE ORGANIZATION IS REPORTING 99% OF ICD'S SHARE OF THE INCOME ITEMS OF THE LIMITED LIABILITY COMPANIES AS FOLLOWS:ORDINARY BUSINESS INCOME 89INTEREST INCOME 30,010ASSET MANAGEMENT FEE INCOME 930,599 ---------TOTAL INCOME ITEMS 960,698 ========= |
| FORM 990, PART IX, LINE 24A | THE ORGANIZATION OWNS 99% OF IOWA COMMUNITY DEVELOPMENT, LC (ICD), WHICH OWNS AN INTEREST IN NUMEROUS OTHER LIMITED LIABILITY COMPANIES. ACCORDINGLY, THE ORGANIZATION IS REPORTING 99% OF ICD'S SHARE OF THE DEDUCTION ITEMS OF THE LIMITED LIABILITY COMPANIES AS FOLLOWS:ADMINISTRATIVE FEE 843BANK FEES 178INSURANCE 8,285MANAGEMENT FEE 930,599MEMBERSHIP DUES 8,316MISCELLANEOUS 22,812PROFESSIONAL FEES 23,786 ---------TOTAL DEDUCTION ITEMS 994,819 ========= |
| FORM 990, PART VI, LINE 16B | IOWA DEVELOPMENT CORPORATION'S SOLE REASON FOR EXISTENCE IS TO MANAGE IOWA COMMUNITY DEVELOPMENT, LC. THE ORGANIZATION DOES NOT ANTICIPATE PARTICIPATING IN ADDITIONAL JOINT VENTURES OR SIMILAR ARRANGEMENTS IN THE FUTURE. AS A RESULT, A WRITTEN POLICY HAS NOT BEEN CONSIDERED NECESSARY. |
| FORM 990 CONSIDERATIONS | IOWA DEVELOPMENT CORPORATION'S (THE ORGANIZATION) ONLY ACTIVITY IS ACTING AS MANAGING MEMBER OF IOWA COMMUNITY DEVELOPMENT, LC (ICD, LC), A PARTNERSHIP IN WHICH THE ORGANIZATION OWNS A 99% INTEREST. THE HOLDER OF THE OTHER 1% INTEREST IN ICD, LC ALSO PROVIDES SERVICES UNDER A SEPARATE AGREEMENT TO ICD, LC. THE EXECUTIVE DIRECTOR OF THE ORGANIZATION IS ALSO EMPLOYED BY THE ENTITY HOLDING THE 1% INTEREST IN ICD, LC. DESPITE THE RELATIONSHIPS BETWEEN THESE PARTIES, EACH PARTY IS TREATED AS A SEPARATE AND DISTINCT ENTITY, BOTH LEGALLY AND FOR INCOME TAX REPORTING PURPOSES. ACCORDINGLY, THE ORGANIZATION HAS PREPARED THIS FORM 990 WITH RESPECT TO ITS OWN POLICIES, PROCEDURES, RELATIONSHIPS, AND TRANSACTIONS; SUCH ITEMS NOT INVOLVING THE ORGANIZATION AND RELATING TO PARTIES OTHER THAN THE ORGANIZATION HAVE NOT BEEN CONSIDERED IN THE PREPARATION OF THIS RETURN. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|
| ICD LC | ||||||||||
| 5409 NW 88TH ST STE 100 | JOHNSTON | IA | 50131 | 200183898 | INVESTMENT/LENDING | IA | IDC | false | Yes (true) | 0.99000 |
| ICD XXII LLC | ||||||||||
| 5409 NW 88TH ST STE 100 | JOHNSTON | IA | 50131 | 453085730 | INVESTMENT/LENDING | IA | ICD LC | false | false | 0.00010 |
| ICD XXIII LLC | ||||||||||
| 5409 NW 88TH ST STE 100 | JOHNSTON | IA | 50131 | 453085747 | INVESTMENT/LENDING | IA | ICD LC | false | false | 0.00010 |
| ICD XXIV LLC | ||||||||||
| 5409 NW 88TH ST STE 100 | JOHNSTON | IA | 50131 | 453085747 | INVESTMENT/LENDING | IA | ICD LC | false | false | 0.00010 |
| ICD XXVII LLC | ||||||||||
| 5409 NW 88TH ST STE 100 | JOHNSTON | IA | 50131 | 453110324 | INVESTMENT/LENDING | IA | ICD LC | false | false | 0.00010 |
| ICD XXXI LLC | ||||||||||
| 5409 NW 88TH ST STE 100 | JOHNSTON | IA | 50131 | 371873064 | INVESTMENT/LENDING | IA | ICD LC | false | false | 0.00010 |
| ICD XXV LLC | ||||||||||
| 5409 NW 88TH ST STE 100 | JOHNSTON | IA | 50131 | 453085787 | INVESTMENT/LENDING | IA | ICD LC | false | false | 0.00010 |
| ICD XXVI LLC | ||||||||||
| 5409 NW 88TH ST STE 100 | JOHNSTON | IA | 50131 | 453110289 | INVESTMENT/LENDING | IA | ICD LC | false | false | 0.00010 |
| ICD XXVIII LLC | ||||||||||
| 5409 NW 88TH ST STE 100 | JOHNSTON | IA | 50131 | 453110358 | INVESTMENT/LENDING | IA | ICD LC | false | false | 0.00010 |
| ICD XXIX LLC | ||||||||||
| 5409 NW 88TH ST STE 100 | JOHNSTON | IA | 50131 | 453110416 | INVESTMENT/LENDING | IA | ICD LC | false | false | 0.00010 |
| ICD XXX LLC | ||||||||||
| 5409 NW 88TH ST STE 100 | JOHNSTON | IA | 50131 | 453110454 | INVESTMENT/LENDING | IA | ICD LC | false | false | 0.00010 |
| ICD XXI LLC | ||||||||||
| 5409 NW 88TH ST STE 100 | JOHNSTON | IA | 50131 | 453085716 | INVESTMENT/LENDING | IA | ICD LC | false | false | 0.00010 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |