Civic Intelligence

Timber Lake and Area Development Inc

990 • Fiscal year 2023 • EIN 36-3813692

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 02, 2024

Organization ProfileN/A
PO Box 194Timber Lake, SD 57656

(605) 848-3099

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.39x

Higher debt load relative to assets than 83% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

90th percentile

0.81x

Higher debt load relative to revenue than 90% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

11th percentile

-32%

Higher net margin than 11% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

19th percentile

-9.6%

Faster asset growth than 19% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

52nd percentile

9.6%

Faster revenue growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$652,251

Down $69,304 (-9.6%) from 2022

Net Assets

Down

$400,561

Down $98,916 (-20%) from 2022

Liabilities

Up

$251,690

Up $29,612 (+13%) from 2022

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin11th percentile

Revenue

Up

$309,818

Up $27,066 (+9.6%) from 2022

Expenses

Up

$408,734

Up $147,878 (+57%) from 2022

Net Income

Down

-$98,916

Down $120,812 (-552%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$1.0M$500K$0Assets 2010: $273,903Liabilities 2010: $121,918Net Assets 2010: $151,9852010Assets 2011: $282,430Liabilities 2011: $120,305Net Assets 2011: $162,1252011Assets 2012: $357,988Liabilities 2012: $118,599Net Assets 2012: $239,3892012Assets 2013: $514,571Liabilities 2013: $162,805Net Assets 2013: $351,7662013Assets 2014: $523,321Liabilities 2014: $156,086Net Assets 2014: $367,2352014Assets 2015: $544,219Liabilities 2015: $154,384Net Assets 2015: $389,8352015Assets 2016: $536,412Liabilities 2016: $145,174Net Assets 2016: $391,2382016Assets 2017: $597,312Liabilities 2017: $138,146Net Assets 2017: $459,1662017Assets 2018: $592,931Liabilities 2018: $153,532Net Assets 2018: $439,3992018Assets 2019: $612,648Liabilities 2019: $144,038Net Assets 2019: $468,6102019Assets 2020: $638,436Liabilities 2020: $137,980Net Assets 2020: $500,4562020Assets 2021: $616,290Liabilities 2021: $136,709Net Assets 2021: $479,5812021Assets 2022: $721,555Liabilities 2022: $222,078Net Assets 2022: $499,4772022Assets 2023: $652,251Liabilities 2023: $251,690Net Assets 2023: $400,5612023Assets 2024: $909,542Liabilities 2024: $559,000Net Assets 2024: $350,5422024

Highlighted filing

2023

Assets$652,251
Liabilities$251,690
Net Assets$400,561
Open 2023 Filing

Operations Trend

Revenue Growth52nd percentile

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

$600K$400K$200K$0-$200KRevenue 2010: $110,937Expenses 2010: $109,027Net Income 2010: $1,9102010Revenue 2011: $129,761Expenses 2011: $119,621Net Income 2011: $10,1402011Revenue 2012: $193,680Expenses 2012: $126,186Net Income 2012: $67,4942012Revenue 2013: $293,983Expenses 2013: $181,606Net Income 2013: $112,3772013Revenue 2014: $192,475Expenses 2014: $177,006Net Income 2014: $15,4692014Revenue 2015: $202,034Expenses 2015: $167,426Net Income 2015: $34,6082015Revenue 2016: $208,911Expenses 2016: $207,508Net Income 2016: $1,4032016Revenue 2017: $261,823Expenses 2017: $193,895Net Income 2017: $67,9282017Revenue 2018: $221,165Expenses 2018: $240,932Net Income 2018: -$19,7672018Revenue 2019: $259,453Expenses 2019: $225,762Net Income 2019: $33,6912019Revenue 2020: $286,494Expenses 2020: $254,648Net Income 2020: $31,8462020Revenue 2021: $242,800Expenses 2021: $263,675Net Income 2021: -$20,8752021Revenue 2022: $282,752Expenses 2022: $260,856Net Income 2022: $21,8962022Revenue 2023: $309,818Expenses 2023: $408,734Net Income 2023: -$98,9162023Revenue 2024: $248,532Expenses 2024: $298,551Net Income 2024: -$50,0192024

Highlighted filing

2023

Revenue$309,818
Expenses$408,734
Net Income-$98,916
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 2, 2024
Return Version
2023v5.0
Gross Receipts
$309,818
Mission and Program Overview

Mission

Promote economic development in rural area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$358,125$395,633▲ $37,508
Cash and Non-Interest-Bearing Accounts$361,930$256,618▼ $105,312
Total Assets$721,555$652,251▼ $69,304
Other Assets Total$1,500--
Liabilities
Unsecured Notes Loans Payable$115,402$144,102▲ $28,700
Deferred Revenue$90,804$90,804→ $0
Other Liabilities$15,872$16,784▲ $912
Total Liabilities$222,078$251,690▲ $29,612
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$499,477$400,561▼ $98,916
Total Net Assets Fund Balance$499,477$400,561▼ $98,916
Total Liabilities and Net Assets / Fund Balance$721,555$652,251▼ $69,304

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$369,882$163,337$533,219
Equipment$3,422$76,637$80,059
Land$21,119-$21,119
Other Land Buildings$1,210$766$1,976
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Rusty GebhardtPresident
Barbara GrossDirector
Jace BoothDirector
Steve AberleDirector
Kristen GillSecretary
Corrine HuberTreasurer
Joe SchererVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$41,984
Program Service Revenue
$216,640
Investment Income
$2,238
Other Revenue
$48,956
All Other Contributions
$18,298
Change in Net Assets
$-98,916
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$261,689
Salaries, Compensation, and Employee Benefits$145,245
Grants and Similar Amounts Paid$1,800
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$162,590--$162,590
Other Salaries and Wages$133,758--$133,758
Insurance$17,305--$17,305
Fees for Services Accounting$15,585--$15,585
Depreciation Depletion$14,652--$14,652
Fees for Services Other$11,856--$11,856
Payroll Taxes$11,487--$11,487
Other Expenses$7,145--$7,145
Fees for Services Legal$3,284--$3,284
Advertising$2,035--$2,035
Grants to Domestic Orgs$1,800--$1,800
Interest$1,642--$1,642
Fees for Services Management$812--$812
Office Expenses$241--$241
Travel$229--$229
Total Functional Expenses$408,734$0$0$408,734
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
Tenant Security Deposits$14,685
Payroll Liabilities$2,099
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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
Timber Lake & Area Development Inc
EIN
36-3813692
Phone
6058483099
Address
PO BOX 194, TIMBER LAKE, SD 57656

Signing Officer

Name
Corrine Huber
Title
Treasurer
Phone
6058483099
Signed
2024-06-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Corrine Huber
Formed
1989
Legal Domicile
Sd
Voting Board Members
7
Independent Board Members
7
Employees
12

Preparer

Firm
Kohlman Bierschbach & Anderson Llp
Address
210 EAST GRAND CROSSING, MOBRIDGE, SD 57601-0460
Preparer
Christine Olsen
Phone
6058453658
Supplemental Narrative

Additional Explanations

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

“Purchased new heating system for apartment buildings. Also installed new lighting in the hallway and exterior of the apartments and installed new soffit on 1 apartment building. New shower was also installed in 1 apartment.”

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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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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99750
IRS990ScheduleA/PublicSupportPY509Pct00.99900
IRS990ScheduleA/PublicSupportTotal509Amt01342493
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0307581
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0282752
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0242800
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0286494
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0222866
IRS990ScheduleA/Total509Grp/TotalAmt01342493
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0309819
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0283624
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0242848
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0286528
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0222997
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01345816
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0369882
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0163337
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0533219
IRS990ScheduleD/EquipmentGrp/BookValueAmt03422
IRS990ScheduleD/EquipmentGrp/DepreciationAmt076637
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt080059
IRS990ScheduleD/LandGrp/BookValueAmt021119
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt021119
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01210
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0766
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01976
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014685
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12099
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0395633
IRS990ScheduleD/TotalLiabilityAmt016784
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PURCHASED NEW HEATING SYSTEM FOR APARTMENT BUILDINGS. ALSO INSTALLED NEW LIGHTING IN THE HALLWAY AND EXTERIOR OF THE APARTMENTS AND INSTALLED NEW SOFFIT ON 1 APARTMENT BUILDING. NEW SHOWER WAS ALSO INSTALLED IN 1 APARTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0721555
IRS990/TotalAssetsEOYAmt0652251
IRS990/TotalAssetsGrp/BOYAmt0721555
IRS990/TotalAssetsGrp/EOYAmt0652251
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt041984
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0408734
IRS990/TotalFunctionalExpensesGrp/TotalAmt0408734
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0222078
IRS990/TotalLiabilitiesEOYAmt0251690
IRS990/TotalLiabilitiesGrp/BOYAmt0222078
IRS990/TotalLiabilitiesGrp/EOYAmt0251690
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0499477
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0400561
IRS990/TotalProgramServiceExpensesAmt0408734
IRS990/TotalProgramServiceRevenueAmt0216640
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0267834
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0309818
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0721555
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0652251
IRS990/TravelGrp/ProgramServicesAmt0229
IRS990/TravelGrp/TotalAmt0229
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0115402
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0144102
IRS990/USAddress/AddressLine1Txt0PO BOX 162
IRS990/USAddress/CityNm0TIMBER LAKE
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057656
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CORRINE HUBER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06058483099
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TIMBER LAKE & AREA DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0TIMB
ReturnHeader/Filer/EIN0363813692
ReturnHeader/Filer/PhoneNum06058483099
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 194
ReturnHeader/Filer/USAddress/CityNm0TIMBER LAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057656
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460283230
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KOHLMAN BIERSCHBACH & ANDERSON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0210 EAST GRAND CROSSING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MOBRIDGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0576010460
ReturnHeader/PreparerPersonGrp/PhoneNum06058453658
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTINE OLSEN
ReturnHeader/ReturnTs02024-06-06T09:46:55-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CORRINE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HUBER
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$652,251
Liabilities
$251,690
Net assets
$400,561
Revenue
$309,818
Expenses
$408,734
Net income
-$98,916
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.10$5.59$3.51$2.49$2.99$0.50
2023Detailed filing. Detailed filing data is available for this year.$6.52$2.52$4.01$3.10$4.09$0.99
2022Detailed filing. Detailed filing data is available for this year.$7.22$2.22$4.99$2.83$2.61$0.22
2021Detailed filing. Detailed filing data is available for this year.$6.16$1.37$4.80$2.43$2.64$0.21
2020Detailed filing. Detailed filing data is available for this year.$6.38$1.38$5.00$2.86$2.55$0.32
2019Detailed filing. Detailed filing data is available for this year.$6.13$1.44$4.69$2.59$2.26$0.34
2018Detailed filing. Detailed filing data is available for this year.$5.93$1.54$4.39$2.21$2.41$0.20
2017Detailed filing. Detailed filing data is available for this year.$5.97$1.38$4.59$2.62$1.94$0.68
2016Detailed filing. Detailed filing data is available for this year.$5.36$1.45$3.91$2.09$2.08$0.01
2015Detailed filing. Detailed filing data is available for this year.$5.44$1.54$3.90$2.02$1.67$0.35
2014Detailed filing. Detailed filing data is available for this year.$5.23$1.56$3.67$1.92$1.77$0.15
2013Detailed filing. Detailed filing data is available for this year.$5.15$1.63$3.52$2.94$1.82$1.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.58$1.19$2.39$1.94$1.26$0.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.82$1.20$1.62$1.30$1.20$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$1.22$1.52$1.11$1.09$0.02