Civic Intelligence

Lowertown Redevelopment Corporation

990EZ • Fiscal year 2013 • EIN 41-1324588

Jan 01, 2013 to Dec 31, 2013 • Filed on Mar 20, 2014

Organization ProfileWWW.LOWERTOWN.ORG
221 Westwood Drive North55422

(763) 374-9120

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2013

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2012 to 2013

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $8,499 (-100%) from 2012

Net Assets

Down

$0

Down $8,499 (-100%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2012

Expenses

Down

$8,499

Down $8,813 (-51%) from 2012

Net Income

Up

-$8,499

Up $8,813 (+51%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$40K$30K$20K$10K$0Assets 2010: $31,556Liabilities 2010: $02010Assets 2011: $25,811Liabilities 2011: $0Net Assets 2011: $25,8112011Assets 2012: $8,499Liabilities 2012: $0Net Assets 2012: $8,4992012Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013

Highlighted filing

2013

Assets$0
Liabilities$0
Net Assets$0
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20K$10K$0-$10K-$20KRevenue 2010: $193Expenses 2010: $10,196Net Income 2010: -$10,0032010Revenue 2011: $9Expenses 2011: $5,754Net Income 2011: -$5,7452011Revenue 2012: $0Expenses 2012: $17,312Net Income 2012: -$17,3122012Revenue 2013: $0Expenses 2013: $8,499Net Income 2013: -$8,4992013

Highlighted filing

2013

Revenue$0
Expenses$8,499
Net Income-$8,499
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Mar 20, 2014
Return Version
2013v3.0
Gross Receipts
$0
Mission and Program Overview

Mission

To aid, assist, and advise the city of st. Paul in the planning for and the redvelopment/improvement of the lowertown area of st. Paul.

Program Services

DescriptionGrantsExpenses
LOWERTOWN REDEVELOPMENT CORPORATION (ORGANIZATION) WAS INCORPORATED ON APRIL 24, 1978. IT WAS DESIGNED TO AID, ASSIST, AND ADVISE THE CITY OF ST. PAUL IN THE PLANNING FOR AND THE DEVELOPMENT AND IMPROVEMENT OF THE LOWERTOWN AREA OF THE CITY OF ST. PAUL. IT IS TO AID, SUPPORT, AND ASSIST BY LOANS, GUARANTEES, INVESTMENTS, AND OTHER LAWFUL FORMS OF ASSISTANCE TO OTHER PERSONS OR ORGANIZATIONS SEEKING TO REDEVELOP AND IMPROVE THE LOWERTOWN AREA. SINCE 1978, LOWERTOWN REDEVELOPMENT CORPORATION HAS ASSISTED LOWERTOWN IN ATTRACTING MILLIONS OF DOLLARS IN INVESTMENTS, RETAINING JOBS IN THE AREA, ADDING UNITS OF HOUSING (A PERCENTAGE OF THEM AFFORDABLE HOUSING), AND MOST IMPORTANTLY, CREATING A LIVELY AND GROWING URBAN VILLAGE IN THE HEART OF ST. PAUL. LOWERTOWN REDEVELOPMENT CORPORATION HAS MADE LOWERTOWN ONE OF THE FASTEST GROWING NEIGHBORHOODS IN THE CITY. FAMILIES ARE ONE OF THE LARGEST GROWING GROUPS AMONG NEW RESIDENTS. LOWERTOWN REDEVELOPMENT CORPORATION ALSO HAS BEEN SUCCESSFUL IN BUILDING LOWERTOWN CULTURALLY. THROUGH DELIBERATE PARTNERSHIP EFFORTS AND FINANCING, ONE OF THE LARGEST ARTISTS' COMMUNITIES IN THE UPPER MIDWEST HAS DEVELOPED. ALSO MANY ARTS ORGANIZATIONS OF ALL SIZES ARE LOCATED IN LOWERTOWN BY BUILDING INFRASTRUCTURE AND AMENITIES AND BY DEVELOPING AFFORDABLE SPACE, LOWERTOWN HAS SUCCESSFULLY ATTRACTED MANY YOUNG HIGH TECH FIRMS, RESULTING IN LOWERTOWN'S EMERGENCE AS A GROWING CYBER VILLAGE.$0$6,220
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
WEIMING LUExec Dir/President-$0--
RICHARD SLADEChairman-$0--
Filing and Contact Details

Filer

EIN
41-1324588
Phone
7633749120

Signing Officer

Name
Weiming Lu
Title
Executive Director/president
Phone
7633749120
Signed
2014-03-20
Discuss with paid preparer
Yes

Preparer

Preparer
Xiaoyan Luo
Phone
6123764500
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank fee. Amount: 74. Description: miscellaneous. Amount: 60. Total to form 990-ez, line 16: 134.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: money market investments. Beg. Of year amount: 7,640. End of year amount: 0.”

Raw XML Appendix146 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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IRS990EZ/BooksInCareOfDetail/USAddress/City0MINNEAPOLIS
IRS990EZ/BooksInCareOfDetail/USAddress/State0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode055422
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0859
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IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0134
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO AID, ASSIST, AND ADVISE THE CITY OF ST. PAUL IN THE PLANNING FOR AND THE REDVELOPMENT/IMPROVEMENT OF THE LOWERTOWN AREA OF ST. PAUL.
IRS990EZ/PrintingPublicationsPostageAmt0370
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0LOWERTOWN REDEVELOPMENT CORPORATION (ORGANIZATION) WAS INCORPORATED ON APRIL 24, 1978. IT WAS DESIGNED TO AID, ASSIST, AND ADVISE THE CITY OF ST. PAUL IN THE PLANNING FOR AND THE DEVELOPMENT AND IMPROVEMENT OF THE LOWERTOWN AREA OF THE CITY OF ST. PAUL. IT IS TO AID, SUPPORT, AND ASSIST BY LOANS, GUARANTEES, INVESTMENTS, AND OTHER LAWFUL FORMS OF ASSISTANCE TO OTHER PERSONS OR ORGANIZATIONS SEEKING TO REDEVELOP AND IMPROVE THE LOWERTOWN AREA. SINCE 1978, LOWERTOWN REDEVELOPMENT CORPORATION HAS ASSISTED LOWERTOWN IN ATTRACTING MILLIONS OF DOLLARS IN INVESTMENTS, RETAINING JOBS IN THE AREA, ADDING UNITS OF HOUSING (A PERCENTAGE OF THEM AFFORDABLE HOUSING), AND MOST IMPORTANTLY, CREATING A LIVELY AND GROWING URBAN VILLAGE IN THE HEART OF ST. PAUL. LOWERTOWN REDEVELOPMENT CORPORATION HAS MADE LOWERTOWN ONE OF THE FASTEST GROWING NEIGHBORHOODS IN THE CITY. FAMILIES ARE ONE OF THE LARGEST GROWING GROUPS AMONG NEW RESIDENTS. LOWERTOWN REDEVELOPMENT CORPORATION ALSO HAS BEEN SUCCESSFUL IN BUILDING LOWERTOWN CULTURALLY. THROUGH DELIBERATE PARTNERSHIP EFFORTS AND FINANCING, ONE OF THE LARGEST ARTISTS' COMMUNITIES IN THE UPPER MIDWEST HAS DEVELOPED. ALSO MANY ARTS ORGANIZATIONS OF ALL SIZES ARE LOCATED IN LOWERTOWN BY BUILDING INFRASTRUCTURE AND AMENITIES AND BY DEVELOPING AFFORDABLE SPACE, LOWERTOWN HAS SUCCESSFULLY ATTRACTED MANY YOUNG HIGH TECH FIRMS, RESULTING IN LOWERTOWN'S EMERGENCE AS A GROWING CYBER VILLAGE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt06220
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt08499
IRS990EZ/TotalProgramServiceExpensesAmt06220
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/WebsiteAddressTxt0WWW.LOWERTOWN.ORG
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0416005521
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc06
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10CITY OF ST PAUL
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0MN SECRETARY OF STATE DISSOLUTION FEE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine10MN SECRETARY OF STATE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02013-11-05
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt035
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0GOVERNMENTAL UNITS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1060 EMPIRE DR SUITE 100
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/City0ST PAUL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/State0MN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCode055103
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BANK FEE. AMOUNT: 74. DESCRIPTION: MISCELLANEOUS. AMOUNT: 60. TOTAL TO FORM 990-EZ, LINE 16: 134.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: MONEY MARKET INVESTMENTS. BEG. OF YEAR AMOUNT: 7,640. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WEIMING LU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07633749120
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-03-20
ReturnHeader/Filer/BusinessName/BusinessNameLine10LOWERTOWN REDEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0LOWE
ReturnHeader/Filer/EIN0411324588
ReturnHeader/Filer/PhoneNum07633749120
ReturnHeader/Filer/USAddress/AddressLine10221 WESTWOOD DRIVE NORTH
ReturnHeader/Filer/USAddress/City0MINNEAPOLIS
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055422
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10220 SOUTH SIXTH STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode055402
ReturnHeader/PreparerPersonGrp/PhoneNum06123764500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0XIAOYAN LUO
ReturnHeader/ReturnTs02014-03-27T11:02:02-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$0
Expenses
$8,499
Net income
-$8,499
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$8.50$8.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.50$0.00$8.50$0.00$17.3$17.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.8$0.00$25.8$0.01$5.75$5.75
2010Summary only. Only limited summary data is available for this year.$31.6$0.00$0.19$10.2$10.0
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)3 • <$500k nonprofits