Civic Intelligence

American Indian Community Development Corporation

990 • Fiscal year 2023 • EIN 41-1716667

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 28, 2024

1113 E Franklin 202Minneapolis, MN 55404

(612) 813-1610

Siviq Scores

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

Liabilities / Assets

78th percentile

0.58x

Higher debt load relative to assets than 78% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

1.54x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

80th percentile

24%

Higher net margin than 80% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

37th percentile

$206,850

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

66th percentile

12%

Faster asset growth than 66% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

86th percentile

43%

Faster revenue growth than 86% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$43,644,537

Up $4,801,803 (+12%) from 2022

Net Assets

Up

$18,400,004

Up $3,278,210 (+22%) from 2022

Liabilities

Up

$25,244,533

Up $1,523,593 (+6.4%) from 2022

Revenue

Up

$16,373,309

Up $4,888,997 (+43%) from 2022

Expenses

Up

$12,518,193

Up $2,528,156 (+25%) from 2022

Net Income

Up

$3,855,116

Up $2,360,841 (+158%) from 2022

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $2,049,257Liabilities 2010: $1,468,788Net Assets 2010: $580,4692010Assets 2011: $1,721,535Liabilities 2011: $831,620Net Assets 2011: $889,9152011Assets 2012: $2,115,797Liabilities 2012: $864,068Net Assets 2012: $1,251,7292012Assets 2013: $4,777,846Liabilities 2013: $3,143,120Net Assets 2013: $1,634,7262013Assets 2014: $4,833,563Liabilities 2014: $3,033,511Net Assets 2014: $1,800,0522014Assets 2015: $6,570,054Liabilities 2015: $4,159,081Net Assets 2015: $2,410,9732015Assets 2016: $7,259,140Liabilities 2016: $3,547,755Net Assets 2016: $3,711,3852016Assets 2017: $7,805,488Liabilities 2017: $3,553,123Net Assets 2017: $4,252,3652017Assets 2018: $8,288,096Liabilities 2018: $3,750,958Net Assets 2018: $4,537,1382018Assets 2019: $14,596,650Liabilities 2019: $9,868,484Net Assets 2019: $4,728,1662019Assets 2020: $21,853,910Liabilities 2020: $10,998,114Net Assets 2020: $10,855,7962020Assets 2021: $37,892,319Liabilities 2021: $24,021,604Net Assets 2021: $13,870,7152021Assets 2022: $38,842,734Liabilities 2022: $23,720,940Net Assets 2022: $15,121,7942022Assets 2023: $43,644,537Liabilities 2023: $25,244,533Net Assets 2023: $18,400,0042023Assets 2024: $41,900,829Liabilities 2024: $25,434,870Net Assets 2024: $16,465,9592024

Highlighted filing

2023

Assets$43,644,537
Liabilities$25,244,533
Net Assets$18,400,004

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,992,1272010Expenses 2011: $4,180,4982011Expenses 2012: $4,212,4632012Revenue 2013: $4,829,697Expenses 2013: $4,442,257Net Income 2013: $387,4402013Revenue 2014: $4,804,040Expenses 2014: $4,638,714Net Income 2014: $165,3262014Revenue 2015: $5,311,599Expenses 2015: $4,700,678Net Income 2015: $610,9212015Revenue 2016: $6,215,452Expenses 2016: $4,750,040Net Income 2016: $1,465,4122016Revenue 2017: $4,877,727Expenses 2017: $4,336,747Net Income 2017: $540,9802017Revenue 2018: $5,295,156Expenses 2018: $5,027,200Net Income 2018: $267,9562018Revenue 2019: $5,556,102Expenses 2019: $5,104,114Net Income 2019: $451,9882019Revenue 2020: $13,603,396Expenses 2020: $7,337,707Net Income 2020: $6,265,6892020Revenue 2021: $10,832,403Expenses 2021: $8,871,291Net Income 2021: $1,961,1122021Revenue 2022: $11,484,312Expenses 2022: $9,990,037Net Income 2022: $1,494,2752022Revenue 2023: $16,373,309Expenses 2023: $12,518,193Net Income 2023: $3,855,1162023Revenue 2024: $14,220,786Expenses 2024: $16,154,831Net Income 2024: -$1,934,0452024

Highlighted filing

2023

Revenue$16,373,309
Expenses$12,518,193
Net Income$3,855,116
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 28, 2024
Return Version
2023v5.1
Gross Receipts
$19,994,839
Mission and Program Overview

Mission

To provide culturally unique initiatives, housing & entrepreneurial programs that will strengthen the american indian community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$26,467,876$26,705,967▲ $238,091
Cash and Non-Interest-Bearing Accounts$5,021,393$10,431,156▲ $5,409,763
Accounts Receivable$3,693,718$3,489,522▼ $204,196
Prepaid Expenses and Deferred Charges$182,983$174,305▼ $8,678
Savings and Temporary Cash Investments$292,793$96,241▼ $196,552
Pledges and Grants Receivable$28,136$76,519▲ $48,383
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$38,842,734$43,644,537▲ $4,801,803
Other Assets Total$3,155,835$2,670,827▼ $485,008
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,502,653$21,940,602▲ $2,437,949
Accounts Payable and Accrued Expenses$2,036,902$2,380,860▲ $343,958
Unsecured Notes Loans Payable$1,490,000--
Other Liabilities$651,710$848,671▲ $196,961
Deferred Revenue$39,675$74,400▲ $34,725
Total Liabilities$23,720,940$25,244,533▲ $1,523,593
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,949,976$13,290,230▼ $1,659,746
Net Assets With Donor Restrictions$171,818$5,109,774▲ $4,937,956
Total Net Assets Fund Balance$15,121,794$18,400,004▲ $3,278,210
Total Liabilities and Net Assets / Fund Balance$38,842,734$43,644,537▲ $4,801,803

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,762,529$7,688,141$28,450,670
Land$4,248,632-$4,248,632
Leasehold Improvements$1,299,853$825,615$2,125,468
Equipment$318,209$656,982$975,191
Other Land Buildings$76,744$165,227$241,971
Other Assets Org$712,605--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael GozeCEOFT$199,056$143,422$206,850
Tom McelveenCOOFT$135,628$43,818$179,446
Dana NelsonDirector of Withdrawal ManagementFT$123,781$228,756$153,481
Travis Earth-wernerDirector of Program OperationsFT$112,800$32,447$145,247
Robin HegdahlRegistered NurseFT$121,984$10,635$132,619
Kristine HamerCharge NurseFT$115,346-$115,346
Colleen WoodfordDirector of NursingFT$108,273-$108,273

Board Members and Trustees

NameTitle
Al OlsonChairman
Christine McdonaldDirector
Danielle GrantSecretary
Sarah OquistTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,702,042
Program Service Revenue
$11,491,780
Investment Income
$-408,443
Other Revenue
$-412,070
All Other Contributions
$5,485,632
Change in Net Assets
$3,855,116
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,333,078
Other Expenses$4,185,115
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,651,484$632,862-$6,284,346
Current Officers, Directors, Trustees, and Key Employees$775,491$265,771-$1,041,262
Payroll Taxes$447,673$86,347-$534,020
Insurance$429,221$62,947-$492,168
Other Employee Benefits$380,465$63,698-$444,163
Occupancy$402,437$22,291-$424,728
Fees for Services Other$224,643$141,360-$366,003
Depreciation Depletion$190,870$26,743-$217,613
All Other Expenses$1,378,358$-1,237,316-$141,042
Other Expenses$45,857$18,130-$63,987
Pension Plan Contributions$29,287--$29,287
Interest$22,791--$22,791
Office Expenses$32--$32
Total Functional Expenses$12,108,112$410,081$0$12,518,193
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$729,412
Security Deposits$92,119
Forgivable Note$27,140
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A draft of the 990 is sent to all board members prior to filing.

Form 990, Part VI, Section B, Line 12C

Annual conflict of interest statement is signed by all board members

Form 990, Part VI, Section B, Line 15A

The board determines compensation for the ceo. The ceo determines compensation of all other employees. Salaries determined by the ceo are approved through the budget process.

Form 990, Part VI, Section B, Line 15B

The board determines compensation for the ceo. The ceo determines compensation of all other employees. Salaries determined by the ceo are approved through the budget process.

Form 990, Part VI, Section C, Line 19

All governing documents, policies and financial statements are available upon request at the organization's main office.

Filing and Contact Details

Filer

Filer Name
American Indian Community Development
EIN
41-1716667
Phone
6128131610
Address
1113 E FRANKLIN 202, MINNEAPOLIS, MN 55404

Signing Officer

Name
Michael Goze
Title
CEO
Signed
2024-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Goze
Formed
1992
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
4
Employees
332

Preparer

Firm
Romer & Company PC
Address
2318 First Avenue South, Minneapolis, MN 55404
Preparer
Craig Forsberg
Phone
6128720012
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Other program services 4: scattered permanent housingaicdc is in various stages of pre-developing and implementing affordable rental & home ownership options focused in the native american community. Among those already developed are many rivers east, a 53-unit apartment complex, and many rivers west, a 28-unit apartment complex, which are both fully occupied. Other program services 5: a key aspect of aicdc's mission is to provide affordable housing opportunities for low and moderate income families and individuals. The native elder housing project, known as bii di gain dash anwebi, is a 47 unit, new construction, rental housing development for low income households 62 years of age or older. The development was completed in october 2012 and today is fully leased. Other program services 6: aicdc is the sole member of american indians building, llc. The llc holds a minnesota company real estate brokers license and provided real estate services to homebuyers and commercial clients in the twin cities metropolitan area. Other program services 7: aicdc is the sole member of american indian elder housing, llc. The assets of the llc include properties located at 2423 chicago avenue south, 1506 east 23rd avenue, 2405 4th avenue south and 1500 elliot avenue, all in minneapolis, mn. The properties provide permanent supportive housing to homeless individuals through the housing support program. Other program services 8: american indian holding company, llc is a supporting organization of its member organizations. Aicdc and nacdi (native american community development institute). The llc's sole asset is the property located at 1414 e franklin avenue, minneapolis, mn 55404. Aicdc and nacdi each lease office and program space in the building. Aicdc has a 51% ownership interest in this llc. Other program services 9: american indian properties ii, llc is 100% owned by aicdc. Other program services 10: american indian properties, llc is 100% owned by aicdc. The llc leases commercial real estate. Other program services 11: aicdc designed and developed the navigational service center to provide services for homeless individuals to address the health concerns affecting homeless individuals such as mersa, scabies and other communicable health risks. Other program services 12: aicdc is the sole member of anishinabe bii gii wiin, llc. The llc is a .005% partner in the anishinabe bii gii wiin housing, lp in minneapolis, mn. The properties provide permanent supportive housing to homeless individuals through the housing support program. Other program services 13: american indian investments, llc is 100% owned by aicdc. The purpose of the llc is to serve as the limited partner in the many rivers apartments limited partnership. Other program services 14: american indian properties iii, llc is 100%owned by aicdc. The purpose of the llc is to provide 24 hour emergency shelter for homeless individuals. Other program services 15: american indian investments ii, llc is 100% owned by aicdc. The purpose of the llc is to serve as the limited partner in the many rivers west limited partnership.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1COO
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR OF PROGRAM OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt4REGISTERED NURSE
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHARGE NURSE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR OF NURSING
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
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IRS990/OtherExpensesGrp/TotalAmt1136024
IRS990/OtherExpensesGrp/TotalAmt282581
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IRS990/OtherSalariesAndWagesGrp/TotalAmt06284346
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt086347
IRS990/PayrollTaxesGrp/ProgramServicesAmt0447673
IRS990/PayrollTaxesGrp/TotalAmt0534020
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0174305
IRS990/PrincipalOfficerNm0MICHAEL GOZE
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IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2624200
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IRS990/ProgramServiceRevenueGrp/Desc0COMMISSIONS & MGMT FEES
IRS990/ProgramServiceRevenueGrp/Desc1CONSULTING FEES & DEVELOP
IRS990/ProgramServiceRevenueGrp/Desc2CONTRACTED SERVICES
IRS990/ProgramServiceRevenueGrp/Desc3DETOX SERVICES
IRS990/ProgramServiceRevenueGrp/Desc4MISCELLANEOUS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1269580
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24731263
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36287842
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt433816
IRS990/ProgSrvcAccomActy2Grp/Desc0AICDC DESIGNED AND DEVELOPED THE NAVIGATIONAL SERVICE CENTER TO PROVIDE SERVICES FOR HOMELESS INDIVIDUALS TO ADDRESS THE HEALTH CONCERNS AFFECTING HOMELESS INDIVIDUALS SUCH AS MERSA, SCABIES AND OTHER COMMUNICABLE HEALTH RISKS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02300970
IRS990/ProgSrvcAccomActy3Grp/Desc0SCATTERED PERMANENT HOUSINGAICDC IS IN VARIOUS STAGES OF PRE-DEVELOPING AND IMPLEMENTING AFFORDABLE RENTAL & HOME OWNERSHIP OPTIONS FOCUSED IN THE NATIVE AMERICAN COMMUNITY. AMONG THOSE ALREADY DEVELOPED ARE MANY RIVERS EAST, A 53-UNIT APARTMENT COMPLEX, AND MANY RIVERS WEST, A 28-UNIT APARTMENT COMPLEX, WHICH ARE BOTH FULLY OCCUPIED.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01315745
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IRS990/PYContributionsGrantsAmt0789260
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0220238
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt096241
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0808094
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013861389
IRS990ScheduleA/TotalSupportAmt016488683
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$41.9$25.4$16.5$14.2$16.2$1.93
2023Detailed filing. Detailed filing data is available for this year.$43.6$25.2$18.4$16.4$12.5$3.86
2022Detailed filing. Detailed filing data is available for this year.$38.8$23.7$15.1$11.5$9.99$1.49
2021Detailed filing. Detailed filing data is available for this year.$37.9$24.0$13.9$10.8$8.87$1.96
2020Detailed filing. Detailed filing data is available for this year.$21.9$11.0$10.9$13.6$7.34$6.27
2019Detailed filing. Detailed filing data is available for this year.$14.6$9.87$4.73$5.56$5.10$0.45
2018Detailed filing. Detailed filing data is available for this year.$8.29$3.75$4.54$5.30$5.03$0.27
2017Detailed filing. Detailed filing data is available for this year.$7.81$3.55$4.25$4.88$4.34$0.54
2016Detailed filing. Detailed filing data is available for this year.$7.26$3.55$3.71$6.22$4.75$1.47
2015Detailed filing. Detailed filing data is available for this year.$6.57$4.16$2.41$5.31$4.70$0.61
2014Detailed filing. Detailed filing data is available for this year.$4.83$3.03$1.80$4.80$4.64$0.17
2013Detailed filing. Detailed filing data is available for this year.$4.78$3.14$1.63$4.83$4.44$0.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$0.86$1.25$4.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.83$0.89$4.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$1.47$0.58$3.99