Civic Intelligence

Community Development of Morrison County Inc

990 • Fiscal year 2012 • EIN 41-1297431

Jul 01, 2011 to Jun 30, 2012 • Filed on Jan 14, 2013

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

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$2,279,430

Flat from 2012

Net Assets

Flat

$1,016,538

Flat from 2012

Liabilities

Flat

$1,262,892

Flat from 2012

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$161,987

Flat from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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 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

2012

Assets$2,279,430
Liabilities$1,262,892
Net Assets$1,016,538
Open 2012 Filing

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $164,6522010Expenses 2011: $185,6652011Expenses 2012: $161,9872012Revenue 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

2012

Revenue-
Expenses$161,987
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Jan 14, 2013
Return Version
2011v1.2
Gross Receipts
$193,753
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 are lent out to businesses within the city and the county.

Major Activities

Activity 2
The organization has a total of 33 loans outstanding with interest rates ranging from 0% to 6.0%.
Filing and Contact Details

Filer

EIN
41-1297431
Raw XML AppendixShowing 400 of 447 raw XML fields

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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/Explanation8COMMUNITY DEVELOPMENT'S EXEMPT PURPOSE INVOLVES ASSISTING TO DEVELOP AND ESTABLISH INDUSTRIAL, COMMERCIAL AND OTHER ENTITIES IN THE CITY AND COUNTY BY LENDING MONEY TO THESE BUSINESSES TO DEVELOP AND GROW. AS THE LOANS ARE PAID BACK TO THE ORGNAIZATION, ADDITIONAL LOANS ARE MADE. UPON FURTHER REVIEW OF THIS PURPOSE, IT WAS DETERMINED THAT THE LOANS RECEIVABLE WOULD BE BETTER REFLECTED IF REPORTED ON LINE 13 OF THE BALANCE SHEET AS AN INVESTMENT - PROGRAM RELATED. WE ENTERED THE LOANS RECEIVABLE LESS ALLOWANCE,ON LINE 13 FOR THE 2011 990. THEREFORE THIS NUMBER IS REPORTED ON LINE 7 OF THE 2010 990 AND LINE 13 ON THE 2011 990.
IRS990ScheduleO/GeneralExplanation/Identifier0NOTES AND LOAN RECEIVABLES ENTERED ON LINE 7 FOR THE 2010 990
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990 PART X BALANCE SHEET LINE 7
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/SubjectToProxyTax01
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10316 EAST BROADWAY
IRS990/TheBooksAreInCareOf/AddressUS/City0LITTLE FALLS
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode056345
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10CAROL ANDERSON
IRS990/TheBooksAreInCareOf/TelephoneNumber03206325466
IRS990/TotalAssets/BOY02417346
IRS990/TotalAssetsBOY02417346
IRS990/TotalAssets/EOY02279430
IRS990/TotalAssetsEOY02279430
IRS990/TotalCompGT150K00
IRS990/TotalContributions0100434
IRS990/TotalExpensesCurrentYear0161987
IRS990/TotalExpensesPriorYear0185665
IRS990/TotalFunctionalExpenses/Total0161987
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY01432574
IRS990/TotalLiabilitiesBOY01432574
IRS990/TotalLiabilities/EOY01262892
IRS990/TotalLiabilitiesEOY01262892
IRS990/TotalLiabNetAssetsFundBalances/BOY02417346
IRS990/TotalLiabNetAssetsFundBalances/EOY02279430
IRS990/TotalNbrEmployees02
IRS990/TotalNbrVolunteers016
IRS990/TotalNetAssetsFundBalances/BOY0984772
IRS990/TotalNetAssetsFundBalances/EOY01016538
IRS990/TotalOtherCompensation025054

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,279,430
Liabilities
$1,262,892
Net assets
$1,016,538
Revenue
-
Expenses
$161,987
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
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$1.26$1.02$0.16
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