Civic Intelligence

North Central Economic Development Association Inc.

990 • Fiscal year 2017 • EIN 36-3458720

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 27, 2017

Organization ProfileWWW.NORTHCENTRALEDA.ORG
200 1st Street NE No 2Staples, MN 56479

(218) 894-3233

Siviq Scores

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

Liabilities / Assets

67th percentile

0.24x

Higher debt load relative to assets than 67% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

2.05x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

57th percentile

5.4%

Faster asset growth than 57% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

58th percentile

7.8%

Faster revenue growth than 58% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$1,940,504

Up $98,775 (+5.4%) from 2016

Net Assets

Up

$1,466,239

Up $56,659 (+4.0%) from 2016

Liabilities

Up

$474,265

Up $42,116 (+9.7%) from 2016

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin81st percentile

Revenue

Up

$230,789

Up $16,769 (+7.8%) from 2016

Expenses

Down

$174,130

Down $79,317 (-31%) from 2016

Net Income

Up

$56,659

Up $96,086 (+244%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,472,260Liabilities 2011: $21,379Net Assets 2011: $1,450,8812011Assets 2012: $1,525,184Liabilities 2012: $139,750Net Assets 2012: $1,385,4342012Assets 2013: $1,589,488Liabilities 2013: $121,579Net Assets 2013: $1,467,9092013Assets 2014: $1,777,328Liabilities 2014: $357,848Net Assets 2014: $1,419,4802014Assets 2015: $1,885,741Liabilities 2015: $436,734Net Assets 2015: $1,449,0072015Assets 2016: $1,841,729Liabilities 2016: $432,149Net Assets 2016: $1,409,5802016Assets 2017: $1,940,504Liabilities 2017: $474,265Net Assets 2017: $1,466,2392017Assets 2018: $2,014,153Liabilities 2018: $451,158Net Assets 2018: $1,562,9952018Assets 2019: $1,993,709Liabilities 2019: $425,799Net Assets 2019: $1,567,9102019Assets 2020: $3,501,331Liabilities 2020: $1,792,386Net Assets 2020: $1,708,9452020Assets 2021: $3,319,971Liabilities 2021: $1,575,385Net Assets 2021: $1,744,5862021Assets 2022: $2,691,846Liabilities 2022: $907,123Net Assets 2022: $1,784,7232022Assets 2023: $2,413,855Liabilities 2023: $624,082Net Assets 2023: $1,789,7732023Assets 2024: $2,133,256Liabilities 2024: $322,422Net Assets 2024: $1,810,8342024Assets 2025: $1,932,808Liabilities 2025: $135,020Net Assets 2025: $1,797,7882025

Highlighted filing

2017

Assets$1,940,504
Liabilities$474,265
Net Assets$1,466,239
Open 2017 Filing

Operations Trend

Revenue Growth58th percentile

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

$300K$200K$100K$0-$100KExpenses 2011: $57,1462011Expenses 2012: $223,8732012Expenses 2013: $150,3412013Revenue 2014: $103,563Expenses 2014: $151,992Net Income 2014: -$48,4292014Revenue 2015: $174,843Expenses 2015: $145,316Net Income 2015: $29,5272015Revenue 2016: $214,020Expenses 2016: $253,447Net Income 2016: -$39,4272016Revenue 2017: $230,789Expenses 2017: $174,130Net Income 2017: $56,6592017Revenue 2018: $211,465Expenses 2018: $114,709Net Income 2018: $96,7562018Revenue 2019: $136,872Expenses 2019: $131,957Net Income 2019: $4,9152019Revenue 2020: $270,825Expenses 2020: $129,790Net Income 2020: $141,0352020Revenue 2021: $163,164Expenses 2021: $127,523Net Income 2021: $35,6412021Revenue 2022: $152,928Expenses 2022: $112,791Net Income 2022: $40,1372022Revenue 2023: $107,271Expenses 2023: $102,221Net Income 2023: $5,0502023Revenue 2024: $105,313Expenses 2024: $84,252Net Income 2024: $21,0612024Revenue 2025: $43,285Expenses 2025: $56,331Net Income 2025: -$13,0462025

Highlighted filing

2017

Revenue$230,789
Expenses$174,130
Net Income$56,659
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 27, 2017
Return Version
2016v3.0
Gross Receipts
$230,789
Mission and Program Overview

Mission

Promote economic development through the operation of a revolving loan fund and provide loans to individuals for household water well systems in the five county area of cass, crow wing, morrison, todd and wadena counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,379,337$1,461,943▲ $82,606
Savings and Temporary Cash Investments$383,357$214,176▼ $169,181
Cash and Non-Interest-Bearing Accounts$13,275$205,882▲ $192,607
Pledges and Grants Receivable$29,449$52,198▲ $22,749
Accounts Receivable$33,603$4,131▼ $29,472
Prepaid Expenses and Deferred Charges$2,708$2,174▼ $534
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,841,729$1,940,504▲ $98,775
Liabilities
Mortgage Notes Payable Secured by Investment Property$340,948$350,958▲ $10,010
Other Liabilities$21,073$118,067▲ $96,994
Accounts Payable and Accrued Expenses$70,128$5,240▼ $64,888
Total Liabilities$432,149$474,265▲ $42,116
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,409,580$1,466,239▲ $56,659
Total Net Assets Fund Balance$1,409,580$1,466,239▲ $56,659
Total Liabilities and Net Assets / Fund Balance$1,841,729$1,940,504▲ $98,775

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$11,100$11,100
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Bruce HeilmanChair
Maurice DurheimVice-chair
Bill PalmerBoard Member
Chuck HorsagerBoard Member
Cory PettitBoard Member
Dan FrankBoard Member
Ginny KnudsonBoard Member
Greg ZylkaBoard Member
Jason SellnowBoard Member
Scott WatlandDirector
Steven HansenDirector
Brenda ThomesAlternate
Ron BieganekAlternate
Alex WeegoR5 Liaison
Steve GertkenSecretary
Lisa Graba-meechTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$136,323
Program Service Revenue
$93,631
Investment Income
$835
Other Revenue
$0
Change in Net Assets
$56,659

Audited Revenue Reconciliation

Revenue per Audited Statements
$216,460
Revenue Not Reported on Financial Statements
$14,329
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$14,329
Total Revenue per Audited Statements
$216,460
Total Revenue per Form 990
$230,789
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$174,130
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$129,787--$129,787
Fees for Services Accounting-$10,600-$10,600
Interest$6,768--$6,768
Travel-$4,423-$4,423
Fees for Services Legal-$3,759-$3,759
Information Technology-$2,508-$2,508
Office Expenses$1,334$787-$2,121
Insurance-$1,186-$1,186
Fees for Services Other$1,175--$1,175
Other Expenses$279--$279
Total Functional Expenses$150,867$23,263$0$174,130

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$174,130
Expenses per Audited Statements$159,801
Total Expenses per Audited Statements$159,801
Expenses Not Reported on Financial Statements$14,329
Other Expense Adjustments$14,329
Expenses Not Reported on Form 990$0
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Organizations$65,247
Current Portion of Long-term Debt$27,577
Due to Other Funds$25,243
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Management is contracted with region five development commission under a written management agreement.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is preapred by an independent cpa. It is reviewed and approved by the executive director and deputy director prior to submission.”

Form 990, Part VI, Section C, Line 19

“The information can be found on the organization's website.”

Filing and Contact Details

Filer

Filer Name
North Central Economic Development
EIN
36-3458720
Phone
2188943233
Address
200 1ST STREET NE NO 2, STAPLES, MN 56479

Signing Officer

Name
Cheryal Lee Hills
Title
Executive Director
Phone
2188943233
Signed
2017-11-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheryal Lee Hills
Formed
1986
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
16

Preparer

Firm
SCHLENNER WENNER & CO CPA'S PA
Address
PO BOX 1496, ST CLOUD, MN 56302-1496
Preparer
Shelley Gaetz
Phone
3202510286
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“U.s. Gaap requires management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the organization, and has concluded that as of june 30, 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The organization believes it is no longer subject to income tax examinations for years prior to 2013.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“LOAN RECOVERY 14,329.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“LOAN RECOVERY 14,329.”

Raw XML AppendixShowing 400 of 516 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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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTE ECONOMIC DEVELOPMENT THROUGH THE OPERATION OF A REVOLVING LOAN FUND AND PROVIDE LOANS TO INDIVIDUALS FOR HOUSEHOLD WATER WELL SYSTEMS IN THE FIVE COUNTY AREA OF CASS, CROW WING, MORRISON, TODD AND WADENA COUNTIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0340948
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0350958
IRS990/NetAssetsOrFundBalancesBOYAmt01409580
IRS990/NetAssetsOrFundBalancesEOYAmt01466239
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0787
IRS990/OfficeExpensesGrp/ProgramServicesAmt01334
IRS990/OfficeExpensesGrp/TotalAmt02121
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1CREDIT BUREAU FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt011524
IRS990/OtherExpensesGrp/ProgramServicesAmt1279
IRS990/OtherExpensesGrp/TotalAmt011524
IRS990/OtherExpensesGrp/TotalAmt1279
IRS990/OtherLiabilitiesGrp/BOYAmt021073
IRS990/OtherLiabilitiesGrp/EOYAmt0118067
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01379337
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01461943
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt029449
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt052198
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02708
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02174
IRS990/PrincipalOfficerNm0CHERYAL LEE HILLS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1LOAN RECOVERY
IRS990/ProgramServiceRevenueGrp/Desc2ORIGINATION FEES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt072226
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114329
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25570
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31506
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt072226
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114329
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25570
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31506
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION OF A REVOLVING LOAN FUND - LOANS ARE MADE TO INDIVIDUALS FOR HOUSEHOLD WATER WELL SYSTEMS IN THE FIVE COUNTY AREA OF CASS, CROW WING, MORRISON, TODD AND WADENA COUNTIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0184
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01719
IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATION OF A MICROLENDING REVOLVING LOAN FUND - LOANS ARE MADE TO BUSINESSES TO FINANCE APPROVED RURAL ECONOMIC DEVELOPMENT PROJECTS
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0103801
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt015015
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OPERATION OF A LOCAL FOOD PROGRAM AND AN ENTREPRENEUR LENDING PROGRAM
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt011568
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0267
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0134691
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0502
IRS990/PYOtherExpensesAmt0250967
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt078827
IRS990/PYRevenuesLessExpensesAmt0-39427
IRS990/PYSalariesCompEmpBnftPaidAmt02480
IRS990/PYTotalExpensesAmt0253447
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0214020
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt056659
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt076630
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0383357
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0214176
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0136323
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0134691
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt077658
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt09162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0357834
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0835
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0502
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0483
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0599
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02419
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0362962
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99330
IRS990ScheduleA/PublicSupportPY170Pct00.99290
IRS990ScheduleA/PublicSupportTotal170Amt0357834
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0136323
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0134691
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt077658
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt09162
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0357834
IRS990ScheduleA/TotalSupportAmt0360253
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt014329
IRS990ScheduleD/ExpensesSubtotalAmt0159801
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt014329
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011100
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027577
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt165247
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt225243
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CURRENT PORTION OF LONG-TERM DEBT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED ORGANIZATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO OTHER FUNDS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt014329
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt014329
IRS990ScheduleD/RevenueSubtotalAmt0216460
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOAN RECOVERY 14,329.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOAN RECOVERY 14,329.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0174130
IRS990ScheduleD/TotalLiabilityAmt0118067
IRS990ScheduleD/TotalRevenuePerForm990Amt0230789
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0216460
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0159801
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT IS CONTRACTED WITH REGION FIVE DEVELOPMENT COMMISSION UNDER A WRITTEN MANAGEMENT AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREAPRED BY AN INDEPENDENT CPA. IT IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR AND DEPUTY DIRECTOR PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE INFORMATION CAN BE FOUND ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0REGION FIVE DEVELOPMENT COMMISSION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0411238886
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ADMIN FEE - LOAN ACTIVITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0200 1ST ST NE STE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0STAPLES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd056479
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,940,504
Liabilities
$474,265
Net assets
$1,466,239
Revenue
$230,789
Expenses
$174,130
Net income
$56,659
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.93$0.14$1.80$0.04$0.06$0.01
2024Detailed filing. Detailed filing data is available for this year.$2.13$0.32$1.81$0.11$0.08$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.41$0.62$1.79$0.11$0.10$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.69$0.91$1.78$0.15$0.11$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$1.58$1.74$0.16$0.13$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.50$1.79$1.71$0.27$0.13$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.99$0.43$1.57$0.14$0.13$0.00
2018Detailed filing. Detailed filing data is available for this year.$2.01$0.45$1.56$0.21$0.11$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.94$0.47$1.47$0.23$0.17$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.84$0.43$1.41$0.21$0.25$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.89$0.44$1.45$0.17$0.15$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.78$0.36$1.42$0.10$0.15$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.12$1.47$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.14$1.39$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.02$1.45$0.06