Civic Intelligence

Minneapolis Meat Cutters & Food

EIN 41-1289384 • 501(c)5 • Brooklyn Center, MN

Profile

BUILDING CORPORATION

6160 Summit Drive No 600Brooklyn Center, MN 55430

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.01x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)5 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)5 • $500k-$1M nonprofits • Source year 2024

Net Margin

33rd percentile

0.1%

Higher net margin than 33% of similar nonprofits.

501(c)5 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

95th percentile

$183,314

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 57.2% of source-year revenue.

501(c)5 • $500k-$1M nonprofits • Source year 2024

Asset Growth

36th percentile

0.5%

Faster asset growth than 36% of similar nonprofits.

501(c)5 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

16%

Faster revenue growth than 78% of similar nonprofits.

501(c)5 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$513,136

Up $2,645 (+0.5%) from 2023

Liabilities

Up

$3,022

Up $2,271 (+302%) from 2023

Net Assets

Up

$510,114

Up $374 (+0.1%) from 2023

Revenue

Up

$320,741

Up $43,946 (+16%) from 2023

Expenses

Up

$320,367

Up $27,627 (+9.4%) from 2023

Net Income

Up

$374

Up $16,319 (+102%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,977,141Liabilities 2010: $0Net Assets 2010: $4,977,1412010Assets 2011: $5,031,937Liabilities 2011: $418Net Assets 2011: $5,031,5192011Assets 2012: $5,026,417Liabilities 2012: $3,542Net Assets 2012: $5,022,8752012Assets 2013: $6,816,612Liabilities 2013: $6,327Net Assets 2013: $6,810,2852013Assets 2014: $6,424,530Liabilities 2014: $6,844Net Assets 2014: $6,417,6862014Assets 2015: $6,044,166Liabilities 2015: $1,003Net Assets 2015: $6,043,1632015Assets 2016: $5,653,077Liabilities 2016: $836Net Assets 2016: $5,652,2412016Assets 2017: $5,820,354Liabilities 2017: $2,656Net Assets 2017: $5,817,6982017Assets 2018: $5,610,013Liabilities 2018: $3,337Net Assets 2018: $5,606,6762018Assets 2019: $6,196,102Liabilities 2019: $3,535Net Assets 2019: $6,192,5672019Assets 2020: $602,546Liabilities 2020: $959Net Assets 2020: $601,5872020Assets 2021: $530,059Liabilities 2021: $1,111Net Assets 2021: $528,9482021Assets 2022: $525,749Liabilities 2022: $64Net Assets 2022: $525,6852022Assets 2023: $510,491Liabilities 2023: $751Net Assets 2023: $509,7402023Assets 2024: $513,136Liabilities 2024: $3,022Net Assets 2024: $510,1142024

Highlighted filing

2024

Assets$513,136
Liabilities$3,022
Net Assets$510,114

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0M-$10MRevenue 2010: $155,472Expenses 2010: $723,824Net Income 2010: -$568,3522010Revenue 2011: $201,746Expenses 2011: $622,349Net Income 2011: -$420,6032011Expenses 2012: $602,4162012Revenue 2013: $2,223,071Expenses 2013: $634,081Net Income 2013: $1,588,9902013Revenue 2014: $224,516Expenses 2014: $617,554Net Income 2014: -$393,0382014Revenue 2015: $199,613Expenses 2015: $574,136Net Income 2015: -$374,5232015Revenue 2016: $115,543Expenses 2016: $546,175Net Income 2016: -$430,6322016Revenue 2017: $210,620Expenses 2017: $280,355Net Income 2017: -$69,7352017Revenue 2018: $253,244Expenses 2018: $284,982Net Income 2018: -$31,7382018Revenue 2019: $312,993Expenses 2019: $292,616Net Income 2019: $20,3772019Revenue 2020: $267,321Expenses 2020: $5,858,301Net Income 2020: -$5,590,9802020Revenue 2021: $1,535,520Expenses 2021: $1,638,972Net Income 2021: -$103,4522021Revenue 2022: $308,091Expenses 2022: $311,354Net Income 2022: -$3,2632022Revenue 2023: $276,795Expenses 2023: $292,740Net Income 2023: -$15,9452023Revenue 2024: $320,741Expenses 2024: $320,367Net Income 2024: $3742024

Highlighted filing

2024

Revenue$320,741
Expenses$320,367
Net Income$374

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.32$0.32$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.28$0.29$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$0.31$0.31$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$1.54$1.64$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$0.27$5.86$5.59
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.20$0.00$6.19$0.31$0.29$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.61$0.00$5.61$0.25$0.28$0.03
2017Detailed filing. Detailed filing data is available for this year.$5.82$0.00$5.82$0.21$0.28$0.07
2016Detailed filing. Detailed filing data is available for this year.$5.65$0.00$5.65$0.12$0.55$0.43
2015Detailed filing. Detailed filing data is available for this year.$6.04$0.00$6.04$0.20$0.57$0.37
2014Detailed filing. Detailed filing data is available for this year.$6.42$0.01$6.42$0.22$0.62$0.39
2013Detailed filing. Detailed filing data is available for this year.$6.82$0.01$6.81$2.22$0.63$1.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.03$0.00$5.02$0.60
2011Summary only. Only limited summary data is available for this year.$5.03$0.00$5.03$0.20$0.62$0.42
2010Summary only. Only limited summary data is available for this year.$4.98$0.00$4.98$0.16$0.72$0.57
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$320,741
Mission and Program Overview

Mission

BUILDING CORPORATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$483,321$459,012▼ $24,309
Cash and Non-Interest-Bearing Accounts$27,170$54,124▲ $26,954
Total Assets$510,491$513,136▲ $2,645
Liabilities
Other Liabilities$751$3,022▲ $2,271
Total Liabilities$751$3,022▲ $2,271
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$509,740$510,114▲ $374
Total Net Assets Fund Balance$509,740$510,114▲ $374
Total Liabilities and Net Assets / Fund Balance$510,491$513,136▲ $2,645

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$309,012$1,153,748$1,462,760
Land$150,000-$150,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael LacosteDirector
Rena WongDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$210,350
Investment Income
$0
Other Revenue
$110,391
Change in Net Assets
$374
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$195,555
Salaries, Compensation, and Employee Benefits$124,812
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$103,873
Other Salaries and Wages---$92,719
Insurance---$33,428
Depreciation Depletion---$25,904
Fees for Services Accounting---$16,000
Other Employee Benefits---$13,941
Office Expenses---$13,771
Pension Plan Contributions---$11,533
Payroll Taxes---$6,619
Travel---$2,039
Fees for Services Legal---$540
Total Functional Expenses$0$0$0$320,367
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
Payroll Withholdings Not Remitted at Year End$2,036
Sales Tax Collected Not Remitted at Year End$986
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

All individuals who are members in good standing of united food and commercial workers local no. 663 are members of the reporting organization.

Form 990, Part VI, Section A, Line 7A

At each annual meeting of members, the membership elects directors to hold office until the next annual meeting.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees with authority to act on behalf of the governing body.

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

Form 990 is provided to and reviewed by the entire executive board before the form is filed.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, policies, and financial statements available to members upon request.

Filing and Contact Details

Filer

Filer Name
Minneapolis Meat Cutters & Food
EIN
41-1289384
Phone
7635251500
Address
6160 SUMMIT DRIVE NO 600, BROOKLYN CENTER, MN 55430

Signing Officer

Name
Rena Wong
Title
Director
Phone
7635251500
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rena Wong
Formed
1973
Legal Domicile
Mn
Voting Board Members
2
Independent Board Members
0
Employees
3
Volunteers
0

Preparer

Firm
Legacy Professionals Llp
Address
6800 FRANCE AVENUE SO SUITE 550, EDINA, MN 55435
Preparer
Larry Wood
Phone
9528413950
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The corporation is required to evaluate its tax positions and disclose the amount of a tax liability if the corporation has taken uncertain tax positions that more likely than not would not be sustained upon examination by tax authorities. The corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML Appendix349 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.

Path#Value
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT SHALL RECOMMEND THE COMPENSATION AND EXPENSES, OR EXPENSE POLICY, FOR ALL PERSONNEL EMPLOYED OR RETAINED BY THE BUILDING CORPORATION, SUBJECT TO THE APPROVAL OF THE EXECUTIVE BOARD OF THE RELATED LOCAL UNION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL INDIVIDUALS WHO ARE MEMBERS IN GOOD STANDING OF UNITED FOOD AND COMMERCIAL WORKERS LOCAL NO. 663 ARE MEMBERS OF THE REPORTING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT EACH ANNUAL MEETING OF MEMBERS, THE MEMBERSHIP ELECTS DIRECTORS TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS PROVIDED TO AND REVIEWED BY THE ENTIRE EXECUTIVE BOARD BEFORE THE FORM IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RENA WONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNEAPOLIS MEAT CUTTERS & FOOD
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0HANDLERS PROPERTIES INC
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEGACY PROFESSIONALS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06800 FRANCE AVENUE SO SUITE 550
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055435
ReturnHeader/PreparerPersonGrp/PhoneNum09528413950
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LARRY WOOD
ReturnHeader/ReturnTs02025-11-13T13:40:11-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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