Civic Intelligence

Community Development of Morrison County Inc

990 • Fiscal year 2011 • EIN 41-1297431

Jul 01, 2010 to Jun 30, 2011 • Filed on Dec 09, 2011

Organization ProfileCDC.MORRISON.MN.US
PO Box 35656345
Siviq Scores

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

Liabilities / Assets

84th percentile

0.59x

Higher debt load relative to assets than 84% of similar nonprofits.

2011 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

74th percentile

12%

Faster asset growth than 74% of similar nonprofits.

2011 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$2,417,346

Up $252,068 (+12%) from 2010

Net Assets

Up

$984,772

Up $33,896 (+3.6%) from 2010

Liabilities

Up

$1,432,574

Up $218,172 (+18%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$185,665

Up $21,013 (+13%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,165,278Liabilities 2010: $1,214,402Net Assets 2010: $950,8762010Assets 2011: $2,417,346Liabilities 2011: $1,432,574Net Assets 2011: $984,7722011Assets 2012: $2,279,430Liabilities 2012: $1,262,892Net Assets 2012: $1,016,5382012Assets 2013: $2,339,236Liabilities 2013: $1,275,997Net Assets 2013: $1,063,2392013Assets 2014: $2,166,949Liabilities 2014: $1,158,234Net Assets 2014: $1,008,7152014Assets 2015: $2,145,096Liabilities 2015: $1,113,792Net Assets 2015: $1,031,3042015Assets 2016: $2,073,885Liabilities 2016: $884,204Net Assets 2016: $1,189,6812016Assets 2017: $2,038,538Liabilities 2017: $814,822Net Assets 2017: $1,223,7162017Assets 2018: $2,018,324Liabilities 2018: $766,191Net Assets 2018: $1,252,1332018Assets 2019: $1,874,449Liabilities 2019: $717,755Net Assets 2019: $1,156,6942019Assets 2020: $1,897,082Liabilities 2020: $667,309Net Assets 2020: $1,229,7732020Assets 2021: $1,949,554Liabilities 2021: $621,604Net Assets 2021: $1,327,9502021Assets 2022: $1,939,685Liabilities 2022: $569,856Net Assets 2022: $1,369,8292022Assets 2023: $1,970,664Liabilities 2023: $523,941Net Assets 2023: $1,446,7232023Assets 2024: $1,954,321Liabilities 2024: $467,392Net Assets 2024: $1,486,9292024Assets 2025: $1,934,774Liabilities 2025: $393,728Net Assets 2025: $1,541,0462025

Highlighted filing

2011

Assets$2,417,346
Liabilities$1,432,574
Net Assets$984,772
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200KExpenses 2010: $164,6522010Expenses 2011: $185,6652011Revenue 2012: $193,753Expenses 2012: $161,987Net Income 2012: $31,7662012Revenue 2013: $229,843Expenses 2013: $183,142Net Income 2013: $46,7012013Revenue 2014: $180,894Expenses 2014: $235,418Net Income 2014: -$54,5242014Revenue 2015: $210,228Expenses 2015: $187,639Net Income 2015: $22,5892015Revenue 2016: $353,591Expenses 2016: $283,604Net Income 2016: $69,9872016Revenue 2017: $178,722Expenses 2017: $144,687Net Income 2017: $34,0352017Revenue 2018: $188,887Expenses 2018: $160,470Net Income 2018: $28,4172018Revenue 2019: $192,796Expenses 2019: $288,235Net Income 2019: -$95,4392019Revenue 2020: $200,738Expenses 2020: $127,659Net Income 2020: $73,0792020Revenue 2021: $240,886Expenses 2021: $142,709Net Income 2021: $98,1772021Revenue 2022: $189,473Expenses 2022: $147,594Net Income 2022: $41,8792022Revenue 2023: $194,305Expenses 2023: $117,411Net Income 2023: $76,8942023Revenue 2024: $219,271Expenses 2024: $179,065Net Income 2024: $40,2062024Revenue 2025: $206,951Expenses 2025: $152,834Net Income 2025: $54,1172025

Highlighted filing

2011

Revenue-
Expenses$185,665
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Dec 9, 2011
Return Version
2010v3.4
Gross Receipts
$219,561
Mission and Program Overview

Mission

To promote, develop, and establish industrial, commercial and other businesses in little falls and morrison county. Funds are received from the u.s. Department of agriculture rural business-cooperative service, the county, and the city; and then these funds are lent out to businesses. As loans are repaid to the organization, additional loans are made.

Major Activities

Activity 2
The organization has a total of 32 loans outstanding with interest rates ranging from 0% to 6.25%.
Filing and Contact Details

Filer

EIN
41-1297431
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IRS990ScheduleL/LoanTable/Default00
IRS990ScheduleL/LoanTable/Default10
IRS990ScheduleL/LoanTable/LoanFromOrganization0X
IRS990ScheduleL/LoanTable/LoanFromOrganization1X
IRS990ScheduleL/LoanTable/NameBusiness/BusinessNameLine10NEWMAN'S IND-JOEL NEWMAN AN OWNER IN COMPANY & BOARD MEMBER OF ORGANIZATION
IRS990ScheduleL/LoanTable/NameBusiness/BusinessNameLine11NEWMAN'S IND-JOEL NEWMAN AN OWNER IN COMPANY & BOARD MEMBER OF ORGANIZATION
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount050000
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount1100000
IRS990ScheduleL/LoanTable/PurposeOfLoan0COVER GAP IN FUNDING IN SBA LOAN APPLICATION
IRS990ScheduleL/LoanTable/PurposeOfLoan1PROVIDE WORKING CAPITAL
IRS990ScheduleL/LoanTable/WrittenAgreement01
IRS990ScheduleL/LoanTable/WrittenAgreement11
IRS990ScheduleL/TotalBalanceDue0139133
IRS990ScheduleO/GeneralExplanation/Explanation0ALL ADULT RESIDENTS OF MORRISON COUNTY AND ALL BUSINESSES LOCATED THERIN ARE ELIGIBLE TO BECOME A MEMBER OF COMMUNITY DEVELOPMENT OF MORRISON COUNTY INC. BY PAYING DUES IN SUCH A MANNER AND IN SUCH AN AMOUNT AS MAY BE SET BY RESOLUTION OF THE BOARD.
IRS990ScheduleO/GeneralExplanation/Explanation1EACH MEMBER OF THE CORPORATION IS ENTITLED TO ONE VOTE AT MEMBERSHIP MEETINGS.
IRS990ScheduleO/GeneralExplanation/Explanation2MEMBERS APPROVE CHANGES TO THE ARTICLES OR BY-LAWS. MEMBERS ELECT DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation3THE 990 IS REVIEWED BY THE OFFICERS AND DIRECTORS AT THE BOARD MEETING PRIOR TO APPROVAL. THE CPA WHO PREPARES THE RETURN ATTENDS THE MEETING AND GOES THROUGH THE INFORMATION AND ADDRESSES ANY QUESTIONS PRIOR TO THE APPROVAL.
IRS990ScheduleO/GeneralExplanation/Explanation4MEMBERS AND EMPLOYEES ARE COVERED UNDER THE COI POLICY. THE BOARD SHALL DECIDE IF A CONFLICTING INTEREST EXISTS. A PERSON WITH A CONFLICTING INTEREST MAY NOT PARTICIPATE IN OR VOTE ON A DECISION OF THE ORGANIZATION THAT INVOLVES THE CONFLICTING INTEREST. THE CHAIRPERSON OF THE BOARD, IF APPROPRIATE, SHALL APPOINT A COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION. THE DIRECTORS, FROM TIME TO TIME, SHALL DIRECT A COMMITTEE REVIEW COMPLIANCE WITH THIS POLICY.
IRS990ScheduleO/GeneralExplanation/Explanation5THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR. EVALUATES INCREASES BY COMPARING TO SIMILIAR POSITIONS IN NEIGHBORING COMMUNITIES AND INQUIRY OF RECRUITMENT FIRMS. THE DECISION IS DOCUMENTED IN THE MEETING MINUTES.
IRS990ScheduleO/GeneralExplanation/Explanation6THE 990 IS AVAILABLE AT THE ORGANIZATION'S OFFICE FOR PUBLIC REVIEW DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/GeneralExplanation/Explanation7THE 990 IS AVAILABLE AT THE ORGANIZATION'S OFFICE FOR PUBLIC REVIEW DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/Identifier1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/Identifier2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/Identifier3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/SubjectToProxyTax01
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00

Document Assets

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,417,346
Liabilities
$1,432,574
Net assets
$984,772
Revenue
-
Expenses
$185,665
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.93$0.39$1.54$0.21$0.15$0.05
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.47$1.49$0.22$0.18$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.97$0.52$1.45$0.19$0.12$0.08
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.94$0.57$1.37$0.19$0.15$0.04
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.95$0.62$1.33$0.24$0.14$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$0.67$1.23$0.20$0.13$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.72$1.16$0.19$0.29$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.02$0.77$1.25$0.19$0.16$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$0.81$1.22$0.18$0.14$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$0.88$1.19$0.35$0.28$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.15$1.11$1.03$0.21$0.19$0.02
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.17$1.16$1.01$0.18$0.24$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$1.28$1.06$0.23$0.18$0.05
2012Summary only. Only limited summary data is available for this year.$2.28$1.26$1.02$0.19$0.16$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$1.43$0.98$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$1.21$0.95$0.16