Civic Intelligence

Marion Regional Development Corporation

990 • Fiscal year 2024 • EIN 31-0891112

Jul 01, 2023 to Jun 30, 2024 • Filed on May 12, 2025

Organization Profile
110 Adams StFairmont, WV 26554

(304) 282-0511

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

0.97x

Higher debt load relative to assets than 96% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

17.31x

Higher debt load relative to revenue than 100% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

5th percentile

-59%

Higher net margin than 5% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

71st percentile

$18,000

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 21.4% of source-year revenue.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

46th percentile

3.5%

Faster asset growth than 46% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

1.2%

Faster revenue growth than 33% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$1,505,621

Up $50,374 (+3.5%) from 2023

Net Assets

Down

$47,097

Down $49,873 (-51%) from 2023

Liabilities

Up

$1,458,524

Up $100,247 (+7.4%) from 2023

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin5th percentile

Revenue

Up

$84,280

Up $1,023 (+1.2%) from 2023

Expenses

Up

$134,153

Up $26,618 (+25%) from 2023

Net Income

Down

-$49,873

Down $25,595 (-105%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $2,476,874Liabilities 2012: $492,555Net Assets 2012: $1,984,3192012Assets 2014: $1,919,293Liabilities 2014: $13,208Net Assets 2014: $1,906,0852014Assets 2015: $1,264,025Liabilities 2015: $411,839Net Assets 2015: $852,1862015Assets 2016: $1,197,470Liabilities 2016: $424,818Net Assets 2016: $772,6522016Assets 2017: $930,436Liabilities 2017: $208,715Net Assets 2017: $721,7212017Assets 2018: $448,778Liabilities 2018: $13,350Net Assets 2018: $435,4282018Assets 2019: $685,591Liabilities 2019: $334,497Net Assets 2019: $351,0942019Assets 2020: $614,209Liabilities 2020: $617,615Net Assets 2020: -$3,4062020Assets 2021: $405,259Liabilities 2021: $305,671Net Assets 2021: $99,5882021Assets 2022: $417,849Liabilities 2022: $296,601Net Assets 2022: $121,2482022Assets 2023: $1,455,247Liabilities 2023: $1,358,277Net Assets 2023: $96,9702023Assets 2024: $1,505,621Liabilities 2024: $1,458,524Net Assets 2024: $47,0972024Assets 2025: $1,520,359Liabilities 2025: $1,291,956Net Assets 2025: $228,4032025

Highlighted filing

2024

Assets$1,505,621
Liabilities$1,458,524
Net Assets$47,097
Open 2024 Filing

Operations Trend

Revenue Growth33rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500K-$1.0M-$1.5MExpenses 2012: $492,3792012Revenue 2014: $15,439Expenses 2014: $54,822Net Income 2014: -$39,3832014Revenue 2015: -$464,850Expenses 2015: $589,049Net Income 2015: -$1,053,8992015Revenue 2016: $5,157Expenses 2016: $74,980Net Income 2016: -$69,8232016Revenue 2017: $1,536Expenses 2017: $61,725Net Income 2017: -$60,1892017Revenue 2018: -$220,670Expenses 2018: $65,623Net Income 2018: -$286,2932018Revenue 2019: $61Expenses 2019: $84,395Net Income 2019: -$84,3342019Revenue 2020: -$304,999Expenses 2020: $49,501Net Income 2020: -$354,5002020Revenue 2021: -$6,202Expenses 2021: $42,222Net Income 2021: -$48,4242021Revenue 2022: $67,009Expenses 2022: $45,349Net Income 2022: $21,6602022Revenue 2023: $83,257Expenses 2023: $107,535Net Income 2023: -$24,2782023Revenue 2024: $84,280Expenses 2024: $134,153Net Income 2024: -$49,8732024Revenue 2025: $286,526Expenses 2025: $227,302Net Income 2025: $59,2242025

Highlighted filing

2024

Revenue$84,280
Expenses$134,153
Net Income-$49,873
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$84,280
Mission and Program Overview

Mission

To stimulate community economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$20,438$62,058▲ $41,620
Rtn Earn Endowment Incm Other Fnds$96,970$47,097▼ $49,873
Accounts Receivable-$5,833-
Savings and Temporary Cash Investments$5,874$5,487▼ $387
Other Notes and Loans Receivable, Net-$3,308-
Prepaid Expenses and Deferred Charges$1,129$1,129→ $0
Total Assets$1,455,247$1,505,621▲ $50,374
Other Assets Total$1,427,806$1,427,806→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,295,392$1,294,363▼ $1,029
Other Liabilities$42,771$123,593▲ $80,822
Deferred Revenue$20,114$40,568▲ $20,454
Total Liabilities$1,358,277$1,458,524▲ $100,247
Net Assets / Fund Balance
Total Net Assets Fund Balance$96,970$47,097▼ $49,873
Total Liabilities and Net Assets / Fund Balance$1,455,247$1,505,621▲ $50,374

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$29,074$29,074
Other Assets Org$500--
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleBaseTotal
Bruce McdanielExecutive Di$18,000$18,000

Board Members and Trustees

NameTitle
Nick L FantasiaPresident
Kim LicardiDirector
Linda LongstrethDirector
Mike DavisDirector
Tony MerendinoDirector
Travis BlosserDirector
Gerry SchmidtSecretary
Jonathon BoardTreasurer
Jay RogersVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$84,280
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-49,873
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$113,078
Salaries, Compensation, and Employee Benefits$21,075
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$94,944--$94,944
Current Officers, Directors, Trustees, and Key Employees$18,000--$18,000
Fees for Services Accounting$3,209--$3,209
Payroll Taxes$3,075--$3,075
Occupancy$3,000--$3,000
Insurance$1,887--$1,887
Other Expenses$780--$780
All Other Expenses$765--$765
Conferences and Meetings$584--$584
Total Functional Expenses$134,153$0$0$134,153
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$123,593
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

“A complete copy of form 990 was provided to the organization's president before filing the form. A copy will be provided to other members upon their request.”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Marion Regional Development
EIN
31-0891112
Phone
3042820511
Address
110 ADAMS ST, FAIRMONT, WV 26554

Signing Officer

Name
Nick L Fantasia
Title
President
Phone
3042820511
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nick L Fantasia
Formed
1954
Legal Domicile
Wv
Voting Board Members
10
Independent Board Members
10
Employees
2

Preparer

Firm
H ALLEN FARCIN CPA'S
Address
503 MORGANTOWN AVE STE 100, FAIRMONT, WV 26554-4384
Preparer
H Allen Farcin CPA
Phone
3043666180
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“To stimulate community economic development.”

Raw XML Appendix341 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/ReturnTs02025-05-14T14:46:28-04:00
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ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,505,621
Liabilities
$1,458,524
Net assets
$47,097
Revenue
$84,280
Expenses
$134,153
Net income
-$49,873
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.52$1.29$0.23$0.29$0.23$0.06
2024Detailed filing. Detailed filing data is available for this year.$1.51$1.46$0.05$0.08$0.13$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.46$1.36$0.10$0.08$0.11$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.42$0.30$0.12$0.07$0.05$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.41$0.31$0.10$0.01$0.04$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.61$0.62$0.00$0.30$0.05$0.35
2019Detailed filing. Detailed filing data is available for this year.$0.69$0.33$0.35$0.00$0.08$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.45$0.01$0.44$0.22$0.07$0.29
2017Detailed filing. Detailed filing data is available for this year.$0.93$0.21$0.72$0.00$0.06$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.20$0.42$0.77$0.01$0.07$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.26$0.41$0.85$0.46$0.59$1.05
2014Detailed filing. Detailed filing data is available for this year.$1.92$0.01$1.91$0.02$0.05$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$0.49$1.98$0.49