Liabilities / Assets
82nd percentile
Higher debt load relative to assets than 82% of similar nonprofits.
990 • Fiscal year 2015 • EIN 41-1345544
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
82nd percentile
Higher debt load relative to assets than 82% of similar nonprofits.
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
72nd percentile
Higher net margin than 72% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Assets
$2,592,172
No earlier filing loaded for comparison.
Net Assets
$1,243,683
No earlier filing loaded for comparison.
Liabilities
$1,348,489
No earlier filing loaded for comparison.
Revenue
$761,080
No earlier filing loaded for comparison.
Expenses
$691,538
No earlier filing loaded for comparison.
Net Income
$69,542
No earlier filing loaded for comparison.
Cmdc is committed to promoting economic development by cultivating a financing environment that allows mn small businesses to grow and prosper.
To process & monitor sba loan programs
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $1,150,741 | $1,220,283 | ▲ $69,542 |
| Land, Buildings, and Equipment, Net | $612,091 | $589,173 | ▼ $22,918 |
| Savings and Temporary Cash Investments | $519,642 | $521,442 | ▲ $1,800 |
| Cash and Non-Interest-Bearing Accounts | $637,771 | $355,409 | ▼ $282,362 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $13,300 | $13,300 | → $0 |
| Cap Stk Tr Prin Current Funds | $9,800 | $10,100 | ▲ $300 |
| Prepaid Expenses and Deferred Charges | $6,903 | $5,525 | ▼ $1,378 |
| Total Assets | $2,577,624 | $2,592,172 | ▲ $14,548 |
| Other Assets Total | $801,217 | $1,120,623 | ▲ $319,406 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $1,310,730 | $1,236,496 | ▼ $74,234 |
| Accounts Payable and Accrued Expenses | $93,053 | $111,993 | ▲ $18,940 |
| Total Liabilities | $1,403,783 | $1,348,489 | ▼ $55,294 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $1,173,841 | $1,243,683 | ▲ $69,842 |
| Total Liabilities and Net Assets / Fund Balance | $2,577,624 | $2,592,172 | ▲ $14,548 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $468,255 | $208,434 | $676,689 |
| Land | $114,500 | - | $114,500 |
| Equipment | $6,418 | $108,021 | $114,439 |
| Other Land Buildings | $0 | $2,643 | $2,643 |
| Other Assets Org | $45,018 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Mike Mulrooney | Executive Director | FT | $113,386 | $19,219 | $132,605 |
| Name | Title |
|---|---|
| Jerry Teeson | Chair |
| Jeff Johnson | Vice Chair |
| Clark Arneson | Director |
| Don Mcguire | Director |
| Duane Arens | Director |
| Gene Goddard | Director |
| Joe Peterson | Director |
| Larry Crane | Director |
| Maria Kisielius | Director |
| Marty Fisher | Director |
| Timothy Walker | Director |
| Julie Lux | Secretary |
| David Rymanowski | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $518,480 |
| Other Expenses | $173,058 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $292,378 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $113,386 |
| Other Employee Benefits | - | - | - | $54,917 |
| Payroll Taxes | - | - | - | $31,379 |
| Depreciation Depletion | - | - | - | $27,918 |
| Pension Plan Contributions | - | - | - | $26,420 |
| Interest | - | - | - | $23,721 |
| All Other Expenses | - | - | - | $16,921 |
| Advertising | - | - | - | $10,311 |
| Conferences and Meetings | - | - | - | $8,896 |
| Insurance | - | - | - | $8,549 |
| Other Expenses | - | - | - | $8,289 |
| Office Expenses | - | - | - | $6,028 |
| Travel | - | - | - | $4,078 |
| Total Functional Expenses | $0 | $0 | $0 | $691,538 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $691,567 |
| Expenses per Audited Statements | $691,538 |
| Total Expenses per Form 990 | $691,538 |
| Expenses Not Reported on Form 990 | $29 |
| Expenses Not Reported on Financial Statements | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The executive director first reviews the 990 received from the accountant, then is reviewed by the executive committee who presents it to the board for review and approval prior to mailing.”
“Discussed at least annually at a board meeting to keep members aware.”
“Annual reviews are completed with consideration of accomplishments of personal and business goals. Industry standards are used in conjunction with accomplishments. All compensation rates are reviewed and approved by the board.”
“Available at the office upon request.”
“Additional membership units 300.”
“MISC ADJUSTMENT”
“MISC ADJUSTMENT”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 93053 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 111993 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROCESS & MONITOR SBA LOAN PROGRAMS |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 10311 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 16921 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MICHAEL MULROONEY |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7637843337 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1885 STATION PARKWAY NW SUITE A |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | ANDOVER |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55304 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 9800 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 10100 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 637771 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 355409 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 113386 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 8896 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 43443 |
| IRS990/CYOtherExpensesAmt | 0 | 173058 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 717637 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 69542 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 518480 |
| IRS990/CYTotalExpensesAmt | 0 | 691538 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 761080 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 27918 |
| IRS990/Desc | 0 | THE ORGANIZATION IS A SBA CERTIFIED DEVELOPMENT COMPANY ORGANIZED FOR THE PURPOSE OF PROMOTING ECONOMIC VIABILITY WITHIN CENTRAL MINNESOTA BY CULTIVATING A FINANCING ENVIRONMENT THAT ALLOWS SMALL BUSINESSES TO PROSPER. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 5 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 11 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 12 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 13 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 19219 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JERRY TEESON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JULIE LUX |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | LARRY CRANE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MARIA KISIELIUS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JOE PETERSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | DON MCGUIRE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | DUANE ARENS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JEFF JOHNSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | CLARK ARNESON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | DAVID RYMANOWSKI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | TIMOTHY WALKER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | GENE GODDARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | MARTY FISHER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | MIKE MULROONEY |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 113386 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1978 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | -498 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 13 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 761578 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 13 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InsuranceGrp/TotalAmt | 0 | 8549 |
| IRS990/InterestGrp/TotalAmt | 0 | 23721 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 43941 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 43941 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 319098 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 612091 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 589173 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 908271 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 498 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | CMDC IS COMMITTED TO PROMOTING ECONOMIC DEVELOPMENT BY CULTIVATING A FINANCING ENVIRONMENT THAT ALLOWS MN SMALL BUSINESSES TO GROW AND PROSPER. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1173841 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1243683 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | -498 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -498 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | -21850 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 6028 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 801217 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1120623 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 300 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 54917 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROFESSIONAL FEES |
| IRS990/OtherExpensesGrp/Desc | 1 | MAINTENANCE AND REPAIRS |
| IRS990/OtherExpensesGrp/Desc | 2 | REAL ESTATE TAXES |
| IRS990/OtherExpensesGrp/Desc | 3 | COMMUNICATIONS |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 29443 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 16257 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 12647 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 8289 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 292378 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 31379 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 13300 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 13300 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 26420 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 6903 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 5525 |
| IRS990/PrincipalOfficerNm | 0 | MICHAEL MULROONEY |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 525990 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN ORIGINATION & SER |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 713333 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 33952 |
| IRS990/PYOtherExpensesAmt | 0 | 260997 |
| IRS990/PYOtherRevenueAmt | 0 | 14553 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 755228 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 61835 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 480901 |
| IRS990/PYTotalExpensesAmt | 0 | 741898 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 803733 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 69542 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
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| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 1220283 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 519642 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 521442 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 468255 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 208434 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 676689 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 6418 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 108021 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 114439 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 29 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 691538 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 114500 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 114500 |
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| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 45018 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | ILP NOTES RECEIVABLE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | RESERVE ACCOUNT |
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| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 2643 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 2643 |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 29 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 29 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 761080 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | MISC ADJUSTMENT |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | MISC ADJUSTMENT |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 589173 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 1120623 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 691538 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 761080 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 761109 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 691567 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE EXECUTIVE DIRECTOR FIRST REVIEWS THE 990 RECEIVED FROM THE ACCOUNTANT, THEN IS REVIEWED BY THE EXECUTIVE COMMITTEE WHO PRESENTS IT TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO MAILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DISCUSSED AT LEAST ANNUALLY AT A BOARD MEETING TO KEEP MEMBERS AWARE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ANNUAL REVIEWS ARE COMPLETED WITH CONSIDERATION OF ACCOMPLISHMENTS OF PERSONAL AND BUSINESS GOALS. INDUSTRY STANDARDS ARE USED IN CONJUNCTION WITH ACCOMPLISHMENTS. ALL COMPENSATION RATES ARE REVIEWED AND APPROVED BY THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | AVAILABLE AT THE OFFICE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ADDITIONAL MEMBERSHIP UNITS 300. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART XI, LINE 9: |
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| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 2577624 |
| IRS990/TotalAssetsEOYAmt | 0 | 2592172 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 2577624 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 2592172 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 5 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 691538 |
| IRS990/TotalGrossUBIAmt | 0 | 4304 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 1403783 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1348489 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 1403783 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1348489 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 1173841 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1243683 |
| IRS990/TotalOtherCompensationAmt | 0 | 19219 |
| IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt | 0 | 4304 |
| IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt | 0 | 4304 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 717637 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 113386 |
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| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 712835 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 761080 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 4304 |
| IRS990/TotalVolunteersCnt | 0 | 13 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 2577624 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 2592172 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/TotalAmt | 0 | 4078 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 1 |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 1310730 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 1236496 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 1885 STATION PARKWAY NW NO A |
| IRS990/USAddress/CityNm | 0 | ANDOVER |
| IRS990/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/USAddress/ZIPCd | 0 | 55304 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 13 |
| IRS990/VotingMembersIndependentCnt | 0 | 13 |
| IRS990/WebsiteAddressTxt | 0 | WWW.CMDCBUSINESSLOANS.COM |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/BuildTS | 0 | 2016-08-17 19:52:53Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MICHAEL MULROONEY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7637843337 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-03-24 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | CENTRAL MINNESOTA DEVELOPMENT COMPANY |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CENT |
| ReturnHeader/Filer/EIN | 0 | 411345544 |
| ReturnHeader/Filer/PhoneNum | 0 | 7637843337 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1885 STATION PARKWAY NW NO A |
| ReturnHeader/Filer/USAddress/CityNm | 0 | ANDOVER |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
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Displayed year
2015 • Form 990Detailed filing. Detailed filing data is available for this year.