Civic Intelligence

Toivola-Meadowlands Development Board Inc.

990EZ • Fiscal year 2022 • EIN 41-1729106

Jan 01, 2022 to Dec 31, 2022 • Filed on May 24, 2023

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

0.87x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

2.98x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

20th percentile

-17%

Higher net margin than 20% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

38th percentile

-5.0%

Faster asset growth than 38% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

44th percentile

3.1%

Faster revenue growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$291,286

Down $15,432 (-5.0%) from 2021

Net Assets

Down

$37,907

Down $14,734 (-28%) from 2021

Liabilities

Down

$253,379

Down $698 (-0.3%) from 2021

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin20th percentile

Revenue

Up

$85,022

Up $2,562 (+3.1%) from 2021

Expenses

Up

$99,756

Up $20,319 (+26%) from 2021

Net Income

Down

-$14,734

Down $17,757 (-587%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2022

Assets$291,286
Liabilities$253,379
Net Assets$37,907
Open 2022 Filing

Operations Trend

Revenue Growth44th 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

2022

Revenue$85,022
Expenses$99,756
Net Income-$14,734
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 24, 2023
Return Version
2022v5.0
Gross Receipts
$88,547
Mission and Program Overview

Mission

To promote and manage economic activity

Program Services

DescriptionGrantsExpenses
MEADOWLANDS AFFORDABLE HOUSINGPROVIDE AFFORDABLE HOUSING TO COMMUNITY-$99,756
ANNUAL HUNTERS SUPPERPROMOTE LOCAL ECONOMIC DEVELOPMENT-$3,525
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JUNE MORSEPresidentPT$0--
PAMELA HUNHOLZSecretaryPT$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
President
Phone
2184272514
Signed
2023-05-24
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 13,762INSURANCE EXPENSE 10,294OFFICE EXPENSE 513ACCOUNTING EXPENSE 528DUES AND SUBSCRIPTIONS 266AUTO EXPENSE 200COMPLIANCE FEES 320MISCELLANEOUS 350PAYROLL TAXES 1,618”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearTOTAL CURRENT LIABILITIES 58,457 57,759LONG TERM LIABILITIES 195,620 195,620”

Raw XML Appendix158 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/BOYAmt091372
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt089703
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-14734
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0306718
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0291286
IRS990EZ/FundraisingGrossIncomeAmt02339
IRS990EZ/GrossReceiptsAmt088547
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0348
IRS990EZ/LandAndBuildingsGrp/BOYAmt0215346
IRS990EZ/LandAndBuildingsGrp/EOYAmt0201583
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt052641
IRS990EZ/NetAssetsOrFundBalancesEOYAmt037907
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt052641
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt037907
IRS990EZ/OccupancyRentUtltsAndMaintAmt061145
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/PersonNm1PAMELA HUNHOLZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DONALD MALY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt027851
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE AND MANAGE ECONOMIC ACTIVITY
IRS990EZ/ProgramServiceRevenueAmt085860
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ANNUAL HUNTERS SUPPERPROMOTE LOCAL ECONOMIC DEVELOPMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1MEADOWLANDS AFFORDABLE HOUSINGPROVIDE AFFORDABLE HOUSING TO COMMUNITY
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt03525
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt199756
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt010760
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt03525
IRS990EZ/SpecialEventsNetIncomeLossAmt0-1186
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0254077
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0253379
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt099756
IRS990EZ/TotalProgramServiceExpensesAmt0103281
IRS990EZ/TotalRevenueAmt085022
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0347
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0366
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0358
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0145
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt076
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01292
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt088199
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt085425
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt096251
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0117129
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0140851
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0527855
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0347
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0366
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0358
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0145
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt076
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01292
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99760
IRS990ScheduleA/PublicSupportPY509Pct00.99820
IRS990ScheduleA/PublicSupportTotal509Amt0527855
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt088199
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt085425
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt096251
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0117129
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0140851
IRS990ScheduleA/Total509Grp/TotalAmt0527855
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt088546
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt085791
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt096609
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0117274
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0140927
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0529147
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountDEPRECIATION EXPENSE 13,762INSURANCE EXPENSE 10,294OFFICE EXPENSE 513ACCOUNTING EXPENSE 528DUES AND SUBSCRIPTIONS 266AUTO EXPENSE 200COMPLIANCE FEES 320MISCELLANEOUS 350PAYROLL TAXES 1,618
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearTOTAL CURRENT LIABILITIES 58,457 57,759LONG 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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JUNE MORSE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02184272514
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-24
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/PreparationDt02023-06-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Richard Wick
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-06-07T11:48:28-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JUNE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MORSE
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$291,286
Liabilities
$253,379
Net assets
$37,907
Revenue
$85,022
Expenses
$99,756
Net income
-$14,734
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
2022Detailed filing. Detailed filing data is available for this year.$2.91$2.53$0.38$0.85$1.00$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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