Civic Intelligence

Herman Development Corporation

EIN 41-1471126 • 501(c)4 • Herman, MN

Profile

To promote community development for the city of herman and the surrounding communities.

PO Box 265Herman, MN 56248-0265

n/A

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • <$500k nonprofits • Source year 2023

Net Margin

3rd percentile

-659%

Higher net margin than 3% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2023

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2023

Asset Growth

43rd percentile

-5.0%

Faster asset growth than 43% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

5th percentile

-99%

Faster revenue growth than 5% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$47,523

Down $2,478 (-5.0%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$47,523

Down $2,478 (-5.0%) from 2022

Operations
Liabilities / Revenue61st percentileNet Margin3rd percentile

Revenue

Down

$376

Down $45,777 (-99%) from 2022

Expenses

Down

$2,853

Down $25,252 (-90%) from 2022

Net Income

Down

-$2,477

Down $20,525 (-114%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth43rd percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $56,867Liabilities 2010: $20Net Assets 2010: $56,8472010Assets 2011: $55,108Liabilities 2011: $17Net Assets 2011: $55,0912011Assets 2012: $58,219Liabilities 2012: $132Net Assets 2012: $58,0872012Assets 2013: $86,943Liabilities 2013: $171Net Assets 2013: $86,7722013Assets 2014: $189,084Liabilities 2014: $49Net Assets 2014: $189,0352014Assets 2015: $1,131,025Liabilities 2015: $499,556Net Assets 2015: $631,4692015Assets 2016: $1,306,823Liabilities 2016: $399,545Net Assets 2016: $907,2782016Assets 2017: $1,137,917Liabilities 2017: $187,445Net Assets 2017: $950,4722017Assets 2018: $28,056Liabilities 2018: $110,429Net Assets 2018: -$82,3732018Assets 2019: $36,017Liabilities 2019: $88,317Net Assets 2019: -$52,3002019Assets 2020: $26,074Liabilities 2020: $81,817Net Assets 2020: -$55,7432020Assets 2021: $31,953Liabilities 2021: $0Net Assets 2021: $31,9532021Assets 2022: $50,001Liabilities 2022: $0Net Assets 2022: $50,0012022Assets 2023: $47,523Liabilities 2023: $0Net Assets 2023: $47,5232023

Highlighted filing

2023

Assets$47,523
Liabilities$0
Net Assets$47,523
Open 2023 Filing

Operations Trend

Revenue Growth5th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $1,5412010Expenses 2011: $10,9452011Revenue 2012: $9,721Expenses 2012: $6,725Net Income 2012: $2,9962012Revenue 2013: $47,605Expenses 2013: $18,920Net Income 2013: $28,6852013Revenue 2014: $107,037Expenses 2014: $4,774Net Income 2014: $102,2632014Revenue 2015: $476,126Expenses 2015: $33,692Net Income 2015: $442,4342015Revenue 2016: $349,671Expenses 2016: $73,862Net Income 2016: $275,8092016Revenue 2017: $151,371Expenses 2017: $78,177Net Income 2017: $73,1942017Revenue 2018: $107,682Expenses 2018: $52,974Net Income 2018: $54,7082018Revenue 2019: $44,086Expenses 2019: $14,013Net Income 2019: $30,0732019Revenue 2020: $28,497Expenses 2020: $31,940Net Income 2020: -$3,4432020Revenue 2021: $110,689Expenses 2021: $22,994Net Income 2021: $87,6952021Revenue 2022: $46,153Expenses 2022: $28,105Net Income 2022: $18,0482022Revenue 2023: $376Expenses 2023: $2,853Net Income 2023: -$2,4772023

Highlighted filing

2023

Revenue$376
Expenses$2,853
Net Income-$2,477
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$47,523
Liabilities
$0
Net assets
$47,523
Revenue
$376
Expenses
$2,853
Net income
-$2,477
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.05$0.03$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.11$0.02$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.08$0.06$0.03$0.03$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.09$0.05$0.04$0.01$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.11$0.08$0.11$0.05$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.14$0.19$0.95$0.15$0.08$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.31$0.40$0.91$0.35$0.07$0.28
2015Detailed filing. Detailed filing data is available for this year.$1.13$0.50$0.63$0.48$0.03$0.44
2014Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.11$0.00$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.05$0.02$0.03
2012Summary only. Only limited summary data is available for this year.$0.06$0.00$0.06$0.01$0.01$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.00$0.06$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.00$0.06$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 18, 2024
Return Version
2023v5.0
Gross Receipts
$376
Mission and Program Overview

Mission

To promote community development for the city of herman and the surrounding communities.

Program Services

DescriptionGrantsExpenses
THE HERMAN DEVELOPMENT CORPORATION ORGANIZES VARIOUS PROJECTS AND ACTIVITIES FOR THE CITY OF HERMAN AND THE SURROUNDING COMMUNITIES.$1,314$2,563
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ARDY HORNINGVice Preside-$0--
DANIEL ELLISONTreasurer-$0--
DAVE HORNINGPresident-$0--
JOE BLUMEDirector-$0--
CINDY DAHLENSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Herman Development Corporation
EIN
41-1471126
Phone
3207603323
Address
PO BOX 265, HERMAN, MN 56248-0265

Signing Officer

Name
Daniel Ellison
Title
Treasurer
Phone
3207603323
Signed
2024-09-18
Discuss with paid preparer
Yes

Preparer

Firm
Seales Advisory Solutions Inc
Address
303 ATLANTIC, MORRIS, MN 56267
Preparer
Trevor Seales
Phone
3205894300
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office supplies 345 prior year expense 500 total 845”

Form 990-ez, Part III

“To promote community development for the city of herman and the surrounding communities.”

Raw XML Appendix107 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0DANIEL ELLISON
IRS990EZ/BooksInCareOfDetail/PhoneNum03207603323
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 265
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HERMAN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0562480265
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt050000
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt047523
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0300
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-2477
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0290
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt050000
IRS990EZ/Form990TotalAssetsGrp/EOYAmt047523
IRS990EZ/GrantsAndSimilarAmountsPaidAmt01314
IRS990EZ/GrossReceiptsAmt0376
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt076
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt050000
IRS990EZ/NetAssetsOrFundBalancesEOYAmt047523
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt050000
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt047523
IRS990EZ/OccupancyRentUtltsAndMaintAmt0404
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ARDY HORNING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DANIEL ELLISON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DAVE HORNING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JOE BLUME
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4CINDY DAHLEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0845
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE COMMUNITY DEVELOPMENT FOR THE CITY OF HERMAN AND THE SURROUNDING COMMUNITIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE HERMAN DEVELOPMENT CORPORATION ORGANIZES VARIOUS PROJECTS AND ACTIVITIES FOR THE CITY OF HERMAN AND THE SURROUNDING COMMUNITIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt01314
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt02563
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt02853
IRS990EZ/TotalProgramServiceExpensesAmt02563
IRS990EZ/TotalRevenueAmt0376
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE SUPPLIES 345 PRIOR YEAR EXPENSE 500 TOTAL 845
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO PROMOTE COMMUNITY DEVELOPMENT FOR THE CITY OF HERMAN AND THE SURROUNDING COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL ELLISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03207603323
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HERMAN DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0HERM
ReturnHeader/Filer/EIN0411471126
ReturnHeader/Filer/PhoneNum03207603323
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 265
ReturnHeader/Filer/USAddress/CityNm0HERMAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0562480265
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411627103
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SEALES ADVISORY SOLUTIONS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0303 ATLANTIC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MORRIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056267
ReturnHeader/PreparerPersonGrp/PhoneNum03205894300
ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TREVOR SEALES
ReturnHeader/ReturnTs02024-09-23T13:37:16-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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