Civic Intelligence

Toivola-Meadowlands Development Board Inc.

990EZ • Fiscal year 2021 • EIN 41-1729106

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 02, 2022

Organization Profile
7727 Scott Ave PO Box 45Meadowlands, MN 55765

(218) 343-2578

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.83x

Higher debt load relative to assets than 93% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

3.08x

Higher debt load relative to revenue than 98% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

43rd percentile

3.7%

Higher net margin than 43% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

43rd percentile

1.0%

Faster asset growth than 43% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

21%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$306,718

Up $3,079 (+1.0%) from 2020

Net Assets

Up

$52,641

Up $3,023 (+6.1%) from 2020

Liabilities

Up

$254,077

Up $56 (+0.0%) from 2020

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin43rd percentile

Revenue

Up

$82,460

Up $14,477 (+21%) from 2020

Expenses

Down

$79,437

Down $5,338 (-6.3%) from 2020

Net Income

Up

$3,023

Up $19,815 (+118%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$400K$300K$200K$100K$0-$100KAssets 2011: $329,086Liabilities 2011: $312,9992011Assets 2012: $328,316Liabilities 2012: $315,8272012Assets 2013: $286,479Liabilities 2013: $301,155Net Assets 2013: -$14,6762013Assets 2014: $285,862Liabilities 2014: $289,366Net Assets 2014: -$3,5042014Assets 2015: $293,313Liabilities 2015: $284,234Net Assets 2015: $9,0792015Assets 2016: $272,472Liabilities 2016: $272,187Net Assets 2016: $2852016Assets 2017: $270,157Liabilities 2017: $260,411Net Assets 2017: $9,7462017Assets 2018: $305,667Liabilities 2018: $253,707Net Assets 2018: $51,9602018Assets 2019: $319,567Liabilities 2019: $253,157Net Assets 2019: $66,4102019Assets 2020: $303,639Liabilities 2020: $254,021Net Assets 2020: $49,6182020Assets 2021: $306,718Liabilities 2021: $254,077Net Assets 2021: $52,6412021Assets 2022: $291,286Liabilities 2022: $253,379Net Assets 2022: $37,9072022Assets 2023: $287,405Liabilities 2023: $253,979Net Assets 2023: $33,4262023Assets 2024: $278,304Liabilities 2024: $254,179Net Assets 2024: $24,1252024

Highlighted filing

2021

Assets$306,718
Liabilities$254,077
Net Assets$52,641
Open 2021 Filing

Operations Trend

Revenue Growth62nd percentile

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

$150K$100K$50K$0-$50KRevenue 2011: $68,805Expenses 2011: $83,626Net Income 2011: -$14,8212011Revenue 2012: $96,096Expenses 2012: $97,585Net Income 2012: -$1,4892012Revenue 2013: $83,758Expenses 2013: $79,738Net Income 2013: $4,0202013Revenue 2014: $104,523Expenses 2014: $93,351Net Income 2014: $11,1722014Revenue 2015: $88,242Expenses 2015: $75,659Net Income 2015: $12,5832015Revenue 2016: $81,440Expenses 2016: $90,234Net Income 2016: -$8,7942016Revenue 2017: $87,373Expenses 2017: $77,912Net Income 2017: $9,4612017Revenue 2018: $116,198Expenses 2018: $73,984Net Income 2018: $42,2142018Revenue 2019: $93,407Expenses 2019: $78,957Net Income 2019: $14,4502019Revenue 2020: $67,983Expenses 2020: $84,775Net Income 2020: -$16,7922020Revenue 2021: $82,460Expenses 2021: $79,437Net Income 2021: $3,0232021Revenue 2022: $85,022Expenses 2022: $99,756Net Income 2022: -$14,7342022Revenue 2023: $90,508Expenses 2023: $94,989Net Income 2023: -$4,4812023Revenue 2024: $87,626Expenses 2024: $96,927Net Income 2024: -$9,3012024

Highlighted filing

2021

Revenue$82,460
Expenses$79,437
Net Income$3,023
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 2, 2022
Return Version
2021v4.2
Gross Receipts
$85,425
Mission and Program Overview

Mission

To promote and manage economic activity

Program Services

DescriptionGrantsExpenses
MEADOWLANDS AFFORDABLE HOUSINGPROVIDE AFFORDABLE HOUSING TO COMMUNITY-$79,436
ANNUAL HUNTERS SUPPERPROMOTE LOCAL ECONOMIC DEVELOPMENT-$2,965
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JUNE MORSEVice Presidentinterim PresidentPT$0--
MARY ANN DUROVECSecretaryPT$0--
DONALD MALYTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Toivola Meadowlands Development Board
EIN
41-1729106
Address
7727 SCOTT AVE PO BOX 45, Meadowlands, MN 55765

Signing Officer

Name
June Morse
Title
Vice President
Phone
2184272514
Signed
2022-11-02
Discuss with paid preparer
No

Preparer

Firm
RW Accounting & Consulting
Address
9158 Highway 5, Toivola, MN 55765
Preparer
Richard Wick
Phone
2183432578
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountDEPRECIATION EXPENSE 13,462INSURANCE EXPENSE 9,821OFFICE EXPENSE 26ACCOUNTING EXPENSE 472DUES AND SUBSCRIPTIONS 37AUTO EXPENSE 500COMPLIANCE FEES 320MISCELLANEOUS 100PAYROLL TAXES 1,076BANK CHARGES 25”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearTOTAL CURRENT LIABILITIES 58,401 58,457LONG TERM LIABILITIES 195,620 195,620”

Raw XML Appendix160 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/PersonNm0RW ACCOUNTING
IRS990EZ/BooksInCareOfDetail/PhoneNum02183432578
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt09158 HWY 5
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Meadowlands
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd055765
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt081383
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt091372
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt03023
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0303639
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0306718
IRS990EZ/FundraisingGrossIncomeAmt02114
IRS990EZ/GrossReceiptsAmt085425
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0366
IRS990EZ/LandAndBuildingsGrp/BOYAmt0222256
IRS990EZ/LandAndBuildingsGrp/EOYAmt0215346
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt049618
IRS990EZ/NetAssetsOrFundBalancesEOYAmt052641
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt049618
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt052641
IRS990EZ/OccupancyRentUtltsAndMaintAmt043418
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JUNE MORSE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARY ANN DUROVEC
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DONALD MALY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE PRESIDENTINTERIM PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt025839
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE AND MANAGE ECONOMIC ACTIVITY
IRS990EZ/PrintingPublicationsPostageAmt0118
IRS990EZ/ProgramServiceRevenueAmt082945
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ANNUAL HUNTERS SUPPERPROMOTE LOCAL ECONOMIC DEVELOPMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1MEADOWLANDS AFFORDABLE HOUSINGPROVIDE AFFORDABLE HOUSING TO COMMUNITY
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt02965
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt179436
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt010062
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt02965
IRS990EZ/SpecialEventsNetIncomeLossAmt0-851
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0254021
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0254077
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt079437
IRS990EZ/TotalProgramServiceExpensesAmt082401
IRS990EZ/TotalRevenueAmt082460
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0366
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0358
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0145
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt076
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt075
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01020
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt085425
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt096251
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0117129
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0140851
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0112362
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0552018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0366
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0358
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0145
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt076
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01020
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99820
IRS990ScheduleA/PublicSupportPY509Pct00.99870
IRS990ScheduleA/PublicSupportTotal509Amt0552018
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt085425
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt096251
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0117129
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0140851
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0112362
IRS990ScheduleA/Total509Grp/TotalAmt0552018
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt085791
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt096609
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0117274
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0140927
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0112437
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0553038
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountDEPRECIATION EXPENSE 13,462INSURANCE EXPENSE 9,821OFFICE EXPENSE 26ACCOUNTING EXPENSE 472DUES AND SUBSCRIPTIONS 37AUTO EXPENSE 500COMPLIANCE FEES 320MISCELLANEOUS 100PAYROLL TAXES 1,076BANK CHARGES 25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearTOTAL CURRENT LIABILITIES 58,401 58,457LONG TERM LIABILITIES 195,620 195,620
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of total liabilities Part II line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JUNE MORSE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02184272514
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TOIVOLA MEADOWLANDS DEVELOPMENT BOARD
ReturnHeader/Filer/BusinessNameControlTxt0TOIV
ReturnHeader/Filer/EIN0411729106
ReturnHeader/Filer/USAddress/AddressLine1Txt07727 SCOTT AVE PO BOX 45
ReturnHeader/Filer/USAddress/CityNm0Meadowlands
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055765
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RW Accounting & Consulting
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09158 Highway 5
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Toivola
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055765
ReturnHeader/PreparerPersonGrp/PhoneNum02183432578
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Richard Wick
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-11-02T09:01:27-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JUNE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MORSE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$306,718
Liabilities
$254,077
Net assets
$52,641
Revenue
$82,460
Expenses
$79,437
Net income
$3,023
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.78$2.54$0.24$0.88$0.97$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.87$2.54$0.33$0.91$0.95$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.91$2.53$0.38$0.85$1.00$0.15
2021Detailed filing. Detailed filing data is available for this year.$3.07$2.54$0.53$0.82$0.79$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.04$2.54$0.50$0.68$0.85$0.17
2019Detailed filing. Detailed filing data is available for this year.$3.20$2.53$0.66$0.93$0.79$0.14
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.06$2.54$0.52$1.16$0.74$0.42
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.70$2.60$0.10$0.87$0.78$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.72$2.72$0.00$0.81$0.90$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.93$2.84$0.09$0.88$0.76$0.13
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.86$2.89$0.04$1.05$0.93$0.11
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.86$3.01$0.15$0.84$0.80$0.04
2012Summary only. Only limited summary data is available for this year.$3.28$3.16$0.96$0.98$0.01
2011Summary only. Only limited summary data is available for this year.$3.29$3.13$0.69$0.84$0.15