Civic Intelligence

Toivola-Meadowlands Development Board Inc.

990EZ • Fiscal year 2023 • EIN 41-1729106

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 11, 2024

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

0.88x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

2.81x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

33rd percentile

-5.0%

Higher net margin than 33% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

44th percentile

-1.3%

Faster asset growth than 44% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

52nd percentile

6.5%

Faster revenue growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$287,405

Down $3,881 (-1.3%) from 2022

Net Assets

Down

$33,426

Down $4,481 (-12%) from 2022

Liabilities

Up

$253,979

Up $600 (+0.2%) from 2022

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin33rd percentile

Revenue

Up

$90,508

Up $5,486 (+6.5%) from 2022

Expenses

Down

$94,989

Down $4,767 (-4.8%) from 2022

Net Income

Up

-$4,481

Up $10,253 (+70%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2023

Assets$287,405
Liabilities$253,979
Net Assets$33,426
Open 2023 Filing

Operations Trend

Revenue Growth52nd 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

2023

Revenue$90,508
Expenses$94,989
Net Income-$4,481
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 11, 2024
Return Version
2023v5.1
Gross Receipts
$93,669
Mission and Program Overview

Mission

To promote and manage economic activity

Program Services

DescriptionGrantsExpenses
MEADOWLANDS AFFORDABLE HOUSINGPROVIDE AFFORDABLE HOUSING TO COMMUNITY-$94,989
ANNUAL HUNTERS SUPPERPROMOTE LOCAL ECONOMIC DEVELOPMENT-$3,161
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALICE KORTEKAASPresidentPT$0--
JILLIAN THOMPSONSecretaryPT$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
Alice Kortekaas
Title
President
Phone
2184272514
Signed
2024-11-11
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 10,495OFFICE EXPENSE 25ACCOUNTING EXPENSE 525PAYROLL TAXES 807LICENSES 80COMPLIANCE FEES 240ADVERTISING 135”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearTOTAL CURRENT LIABILITIES 57,759 58,359LONG TERM LIABILITIES 195,620 195,620”

Raw XML Appendix153 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/BOYAmt089703
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt099583
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-4481
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0291286
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0287405
IRS990EZ/FundraisingGrossIncomeAmt08604
IRS990EZ/GrossReceiptsAmt093669
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0274
IRS990EZ/LandAndBuildingsGrp/BOYAmt0201583
IRS990EZ/LandAndBuildingsGrp/EOYAmt0187822
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt037907
IRS990EZ/NetAssetsOrFundBalancesEOYAmt033426
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt037907
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt033426
IRS990EZ/OccupancyRentUtltsAndMaintAmt059134
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/PersonNm0ALICE KORTEKAAS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JILLIAN THOMPSON
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/OtherExpensesTotalAmt026069
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE AND MANAGE ECONOMIC ACTIVITY
IRS990EZ/ProgramServiceRevenueAmt084791
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ANNUAL HUNTERS SUPPERPROMOTE LOCAL ECONOMIC DEVELOPMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1MEADOWLANDS AFFORDABLE HOUSINGPROVIDE AFFORDABLE HOUSING TO COMMUNITY
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt03161
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt194989
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt09786
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt03161
IRS990EZ/SpecialEventsNetIncomeLossAmt05443
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0253379
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0253979
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt094989
IRS990EZ/TotalProgramServiceExpensesAmt098150
IRS990EZ/TotalRevenueAmt090508
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0274
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0347
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0366
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0358
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0145
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01490
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt093669
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt088199
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt085425
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt096251
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0117129
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0480673
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0274
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0347
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0366
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0358
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0145
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01490
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99690
IRS990ScheduleA/PublicSupportPY509Pct00.99760
IRS990ScheduleA/PublicSupportTotal509Amt0480673
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt093669
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt088199
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt085425
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt096251
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0117129
IRS990ScheduleA/Total509Grp/TotalAmt0480673
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt093943
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt088546
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt085791
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt096609
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0117274
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0482163
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountDEPRECIATION EXPENSE 13,762INSURANCE EXPENSE 10,495OFFICE EXPENSE 25ACCOUNTING EXPENSE 525PAYROLL TAXES 807LICENSES 80COMPLIANCE FEES 240ADVERTISING 135
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearTOTAL CURRENT LIABILITIES 57,759 58,359LONG 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/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0ALICE KORTEKAAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02184272514
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-11
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/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02024-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Richard Wick
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-11T17:10:02-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$287,405
Liabilities
$253,979
Net assets
$33,426
Revenue
$90,508
Expenses
$94,989
Net income
-$4,481
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
2023Detailed filing. Detailed filing data is available for this year.$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
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