Liabilities / Assets
82nd percentile
Higher debt load relative to assets than 82% of similar nonprofits.
990 • Fiscal year 2021 • EIN 20-0553370
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
82nd percentile
Higher debt load relative to assets than 82% of similar nonprofits.
Liabilities / Revenue
89th percentile
Higher debt load relative to revenue than 89% of similar nonprofits.
Net Margin
93rd percentile
Higher net margin than 93% of similar nonprofits.
Top Officer Pay
38th percentile
Higher top officer pay than 38% of similar nonprofits.
Top officer pay equals 2.6% of source-year revenue.
Asset Growth
92nd percentile
Faster asset growth than 92% of similar nonprofits.
Revenue Growth
83rd percentile
Faster revenue growth than 83% of similar nonprofits.
Assets
Up$18,157,519
Up $6,896,193 (+61%) from 2020
Net Assets
Up$6,885,522
Up $2,937,712 (+74%) from 2020
Liabilities
Up$11,271,997
Up $3,958,481 (+54%) from 2020
Revenue
Up$5,342,165
Up $2,111,367 (+65%) from 2020
Expenses
Up$1,575,452
Up $423,186 (+37%) from 2020
Net Income
Up$3,766,713
Up $1,688,181 (+81%) from 2020
The mission of adc is to grow businesses, build wealth and increase reinvestment in the african communities of minnesota.
Grow businesses, build wealth and increase reinvestement in the african communities of minnesota
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $3,045,912 | $10,005,579 | ▲ $6,959,667 |
| Other Notes and Loans Receivable, Net | $4,569,786 | $6,583,632 | ▲ $2,013,846 |
| Savings and Temporary Cash Investments | $3,040,805 | $1,063,003 | ▼ $1,977,802 |
| Pledges and Grants Receivable | $212,413 | $474,421 | ▲ $262,008 |
| Investments Other Securities | $187,440 | - | - |
| Land, Buildings, and Equipment, Net | $30,207 | $26,879 | ▼ $3,328 |
| Prepaid Expenses and Deferred Charges | $2,611 | $3,174 | ▲ $563 |
| Accounts Receivable | $172,152 | $831 | ▼ $171,321 |
| Total Assets | $11,261,326 | $18,157,519 | ▲ $6,896,193 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $2,859,024 | $5,877,875 | ▲ $3,018,851 |
| Other Liabilities | $2,027,867 | $2,806,991 | ▲ $779,124 |
| Unsecured Notes Loans Payable | $2,334,185 | $1,700,000 | ▼ $634,185 |
| Deferred Revenue | $26,500 | $661,933 | ▲ $635,433 |
| Accounts Payable and Accrued Expenses | $65,940 | $225,198 | ▲ $159,258 |
| Total Liabilities | $7,313,516 | $11,271,997 | ▲ $3,958,481 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,825,527 | $5,243,222 | ▲ $2,417,695 |
| Net Assets With Donor Restrictions | $1,122,283 | $1,642,300 | ▲ $520,017 |
| Total Net Assets Fund Balance | $3,947,810 | $6,885,522 | ▲ $2,937,712 |
| Total Liabilities and Net Assets / Fund Balance | $11,261,326 | $18,157,519 | ▲ $6,896,193 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $15,561 | $285,147 | $300,708 |
| Leasehold Improvements | $11,318 | $3,441 | $14,759 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Nasibu Sareva | CEO | FT | $128,577 | $11,498 | $140,075 |
| Name | Title |
|---|---|
| Jo Ann Vano | Board President |
| Felicia Ravelomanatsoa | Board Vice President (through 12/21) |
| Leah Mtegha | Board Secretary |
| Abdikafar Aden | Board Treasurer (through 12/21) |
| Bruce W Nordin | Director |
| Daika Ismall | Director |
| Damon Jenkins | Director |
| Edwin Migiro | Director |
| Kaade Wallace | Director |
| Mike Stinson | Director |
| Paul Fehrenbach | Director |
| Ubah Ali Jama | Director |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Denise Favors | Sba Ca Loans | 18215 WACO STREET NW, Anoka, MN 55303 | $143,156 |
| Line Item | Amount |
|---|---|
| Other Expenses | $886,854 |
| Salaries, Compensation, and Employee Benefits | $588,058 |
| Grants and Similar Amounts Paid | $100,540 |
| Total Fundraising Expense | $61,525 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $287,957 | $35,277 | $54,560 | $377,794 |
| Fees for Services Other | $140,443 | $2,713 | - | $143,156 |
| Current Officers, Directors, Trustees, and Key Employees | $112,060 | $28,015 | - | $140,075 |
| Occupancy | $111,587 | $20,342 | - | $131,929 |
| Interest | $114,732 | $1,720 | $1,414 | $117,866 |
| Grants to Domestic Orgs | $78,540 | - | - | $78,540 |
| Fees for Services Accounting | $53,796 | $8,862 | $327 | $62,985 |
| Payroll Taxes | $28,581 | $4,467 | $3,989 | $37,037 |
| Other Employee Benefits | $30,652 | $2,208 | $292 | $33,152 |
| All Other Expenses | $20,898 | $2,726 | $13 | $23,637 |
| Grants to Domestic Individuals | $22,000 | - | - | $22,000 |
| Office Expenses | $16,501 | $2,264 | - | $18,765 |
| Other Expenses | $8,112 | $9,551 | $30 | $17,663 |
| Depreciation Depletion | $11,637 | $945 | $571 | $13,153 |
| Fees for Services Legal | $10,895 | $648 | - | $11,543 |
| Insurance | $8,207 | $1,046 | $312 | $9,565 |
| Travel | $8,278 | $767 | - | $9,045 |
| Conferences and Meetings | $6,106 | $806 | $17 | $6,929 |
| Advertising | $426 | $580 | - | $1,006 |
| Total Functional Expenses | $1,382,221 | $131,706 | $61,525 | $1,575,452 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Funds Held for Grants and Loans | $1,319,603 |
| Due to State of Minnesota, Less Current Portion | $1,109,949 |
| Current Portion Due to State of Minnesota | $224,270 |
| Due to Cped, Less Current Portion | $64,495 |
| Loan Participations, Less Current Portion | $42,916 |
| Current Portion of Due to Cped | $25,798 |
| Current Portion of Loan Proceeds | $19,960 |
“The executive committee has the authority to act on behalf of the board of directors.”
“The executive committee reviews the form 990, and then the board accepts the recommendation of the committee.”
“The conflict of interest policy covers any interested person that includes the adc board of directors, officers, employees, or members of a committee with board-delegated powers. When a potential conflict of interest exsts, the interested person must disclose the matter to the directors and members of cmmittees with board-delegaed powers. After disclosure, the board or committee shall exclude the interested person and vote on whether a conflict of interest exists. Proceedings related to a potential conflict of interest are documented in the board minutes.”
“Employees fill out an evaluation form that will be discussed by the board of directors for the ceos compensation increment. The ceo evaluates employee's performances and determines the compensation based on their performances and comparability data. At the end of the year, the board meets and votes on the ceo's compensation based on performance and compariability data. This process last took place december 2021.”
“The governing documents, conflict of interest policy, and finanical statements are available to the public and are always posted on the organization's website.”
“Adc is classified as a tax-exempt organization under minnesota statute 290.05 and section 501(c)(3) of the internal revenue code (irc), is exempt from private foundation status under section 509(a)(1) of the irc and is subject to income taxes only on net unrelated business income. Adc did not have any unrelated business income in 2021 or 2020. Management believes that adc and its subsidiaries have no uncertain income tax positions.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 65940 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 225198 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 172152 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 831 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | GROW BUSINESSES, BUILD WEALTH AND INCREASE REINVESTEMENT IN THE AFRICAN COMMUNITIES OF MINNESOTA |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 580 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 426 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 1006 |
| IRS990/AllOtherContributionsAmt | 0 | 4041485 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 13 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2726 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 20898 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 23637 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | NASIBU SAREVA |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6123334772 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1931 5TH STREET SOUTH |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MINNEAPOLIS |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55454 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 3045912 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 10005579 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 28015 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 112060 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 140075 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/FundraisingAmt | 0 | 17 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 806 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 6106 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 6929 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 143156 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 18215 WACO STREET NW |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | ANOKA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 55303 |
| IRS990/ContractorCompensationGrp/ContractorName/PersonNm | 0 | DENISE FAVORS |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | SBA CA LOANS |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 4543064 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 100540 |
| IRS990/CYInvestmentIncomeAmt | 0 | 7534 |
| IRS990/CYOtherExpensesAmt | 0 | 886854 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 791567 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 3766713 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 588058 |
| IRS990/CYTotalExpensesAmt | 0 | 1575452 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 61525 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 5342165 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 26500 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 661933 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 571 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 945 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 11637 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 13153 |
| IRS990/Desc | 0 | ADC'S CULTURALLY COMPETENT BUSINESS DEVELOPMENT SERVICES AND ITS PARTNERSHIPS WITH CRUCIAL FUNDING SOURCES HAVE DIRECTLY CONTRIBUTED TO THE SURGE IN AFRICAN-OWNED BUSINESSES THROUGHOUT MINNESOTA. IN ADDITION TO ONGOING TECHNICAL ASSISTANCE, ADC HAS AN ENTREPRENEURIAL TRAINING CLASS FOR CLIENTS LOOKING TO START A COMPLETELY NEW BUSINESS. AFTER THE COMPLETION OF THE WORKSHOP, CLIENTS COMING IN WITH AN EXISTING BUSINESS ARE READY TO ENGAGE IN ONE-ON-ONE GUIDANCE WITH ADC'S BUSINESS LENDERS. IN 2021, ADC MADE 107 PROJECTS; 127 LOANS, LEVERAGED $4,100,484 WITH A TOTAL PROJECT COST OF $9,614,069, CREATED 126 JOBS AND RETAINED 265 JOBS (TOTAL JOBS 391). IN 2021 ADC'S HOMEOWNERSHIP AND FINANCIAL LITERACY PROGRAMS SERVED 381 PEOPLE. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1122283 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1642300 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 10 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 1382221 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/FeesForServicesAccountingGrp/FundraisingAmt | 0 | 327 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 8862 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 53796 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 62985 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 648 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 10895 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 11543 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 2713 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 140443 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 143156 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 50.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 11498 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JO ANN VANO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | FELICIA RAVELOMANATSOA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | LEAH MTEGHA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | ABDIKAFAR ADEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | UBAH ALI JAMA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | DAIKA ISMALL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | MIKE STINSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | PAUL FEHRENBACH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | KAADE WALLACE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | EDWIN MIGIRO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | BRUCE W NORDIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | DAMON JENKINS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | NASIBU SAREVA |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 128577 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | BOARD PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | BOARD VICE PRESIDENT (THROUGH 12/21) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | BOARD TREASURER (THROUGH 12/21) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | CEO |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2002 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 10 |
| IRS990/GovernmentGrantsAmt | 0 | 501579 |
| IRS990/GrantAmt | 0 | 100540 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 22000 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 22000 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 78540 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 78540 |
| IRS990/GrantsToIndividualsInd | 0 | 1 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 5342165 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 10 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 312 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 1046 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 8207 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 9565 |
| IRS990/InterestGrp/FundraisingAmt | 0 | 1414 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 1720 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 114732 |
| IRS990/InterestGrp/TotalAmt | 0 | 117866 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 7534 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 7534 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 187440 |
| IRS990/IRPDocumentCnt | 0 | 51 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 288588 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 30207 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 26879 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 315467 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | GROW BUSINESSES, BUILD WEALTH AND INCREASE REINVESTEMENT IN THE AFRICAN COMMUNITIES OF MINNESOTA |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 2859024 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 5877875 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 3947810 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 6885522 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 2825527 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 5243222 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 20342 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 111587 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 131929 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 2264 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 16501 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 18765 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 292 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 2208 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 30652 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 33152 |
| IRS990/OtherExpensesGrp/Desc | 0 | BAD DEBT |
| IRS990/OtherExpensesGrp/Desc | 1 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/Desc | 2 | EQUIPMENT |
| IRS990/OtherExpensesGrp/Desc | 3 | LOAN RELATED EXPENSES |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 30 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 377 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 8392 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 9551 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 267192 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 29637 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 13984 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 8112 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 267192 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 30044 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 22376 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 17663 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 2027867 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 2806991 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 54560 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 35277 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 287957 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 377794 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 4569786 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 6583632 |
| IRS990/OwnWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 3989 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 4467 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 28581 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 37037 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 212413 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 474421 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2611 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 3174 |
| IRS990/PrincipalOfficerNm | 0 | NASIBU SAREVA |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -829001 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | PROGRAM SERVICE FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | INTEREST INCOME-LOANS |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | MISCELLANEOUS INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 467862 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 281196 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 42509 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 467862 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 281196 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 42509 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 2983222 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 39959 |
| IRS990/PYInvestmentIncomeAmt | 0 | 7967 |
| IRS990/PYOtherExpensesAmt | 0 | 571739 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 239609 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 2078532 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 540568 |
| IRS990/PYTotalExpensesAmt | 0 | 1152266 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 3230798 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 3766713 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 791567 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 3040805 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 1063003 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 3678064 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2983222 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1156301 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1135790 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 972790 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 9926167 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 288730 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 7967 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4258 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1352 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1831 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 304138 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 42509 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 42509 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.71810 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.79790 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 7376894 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 2549273 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 3678064 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2983222 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1156301 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1135790 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 972790 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 9926167 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 10272814 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 15561 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 285147 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 300708 |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.