Civic Intelligence

Two Rivers Community Land Trust

990 • Fiscal year 2013 • EIN 41-1971550

Jan 01, 2013 to Dec 31, 2013 • Filed on Jun 11, 2015

Organization ProfileWWW.TWORIVERSCLT.COM
PO Box 2545155125

(651) 994-9194

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$3,178,413

Down $154,885 (-4.6%) from 2012

Net Assets

Up

$2,659,385

Up $99,290 (+3.9%) from 2012

Liabilities

Down

$519,028

Down $254,175 (-33%) from 2012

Revenue And Expenses

Revenue

Down

$460,227

Down $646,529 (-58%) from 2012

Expenses

Down

$360,937

Down $733,585 (-67%) from 2012

Net Income

Up

$99,290

Up $87,056 (+712%) from 2012

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,524,770Liabilities 2011: $976,909Net Assets 2011: $2,547,8612011Assets 2012: $3,333,298Liabilities 2012: $773,203Net Assets 2012: $2,560,0952012Assets 2013: $3,178,413Liabilities 2013: $519,028Net Assets 2013: $2,659,3852013Assets 2013: $3,178,413Liabilities 2013: $519,028Net Assets 2013: $2,659,3852013Assets 2014: $3,349,140Liabilities 2014: $771,908Net Assets 2014: $2,577,2322014Assets 2015: $3,066,670Liabilities 2015: $457,291Net Assets 2015: $2,609,3792015Assets 2016: $2,989,602Liabilities 2016: $630,504Net Assets 2016: $2,359,0982016Assets 2018: $3,003,229Liabilities 2018: $658,236Net Assets 2018: $2,344,9932018Assets 2019: $2,598,327Liabilities 2019: $289,836Net Assets 2019: $2,308,4912019Assets 2020: $3,034,365Liabilities 2020: $486,515Net Assets 2020: $2,547,8502020Assets 2021: $3,162,760Liabilities 2021: $450,317Net Assets 2021: $2,712,4432021Assets 2022: $3,595,116Liabilities 2022: $713,203Net Assets 2022: $2,881,9132022Assets 2023: $4,301,435Liabilities 2023: $1,399,262Net Assets 2023: $2,902,1732023Assets 2024: $4,514,854Liabilities 2024: $1,238,551Net Assets 2024: $3,276,3032024

Highlighted filing

2013

Assets$3,178,413
Liabilities$519,028
Net Assets$2,659,385
Open 2013 Filing

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,881,224Expenses 2011: $1,436,109Net Income 2011: $445,1152011Revenue 2012: $1,106,756Expenses 2012: $1,094,522Net Income 2012: $12,2342012Revenue 2013: $675,523Expenses 2013: $576,233Net Income 2013: $99,2902013Revenue 2013: $460,227Expenses 2013: $360,937Net Income 2013: $99,2902013Revenue 2014: $302,884Expenses 2014: $385,037Net Income 2014: -$82,1532014Revenue 2015: $351,499Expenses 2015: $319,352Net Income 2015: $32,1472015Revenue 2016: $434,891Expenses 2016: $384,589Net Income 2016: $50,3022016Revenue 2018: $161,683Expenses 2018: $128,565Net Income 2018: $33,1182018Revenue 2019: $646,812Expenses 2019: $693,549Net Income 2019: -$46,7372019Revenue 2020: $975,207Expenses 2020: $735,848Net Income 2020: $239,3592020Revenue 2021: $1,003,602Expenses 2021: $839,009Net Income 2021: $164,5932021Revenue 2022: $1,632,577Expenses 2022: $1,463,107Net Income 2022: $169,4702022Revenue 2023: $848,742Expenses 2023: $828,482Net Income 2023: $20,2602023Revenue 2024: $2,860,101Expenses 2024: $2,485,971Net Income 2024: $374,1302024

Highlighted filing

2013

Revenue$460,227
Expenses$360,937
Net Income$99,290
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 11, 2015
Return Version
2013v4.0
Gross Receipts
$460,227
Mission and Program Overview

Mission

To provide permanently affordable housing alternatives for low and moderate income individuals, families, and households earning up to 80% of median income within washington county in the state of minnesota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,179,318$2,321,947▲ $142,629
Savings and Temporary Cash Investments$214,123$264,126▲ $50,003
Accounts Receivable$34,995$6,975▼ $28,020
Prepaid Expenses and Deferred Charges$6,243--
Cash and Non-Interest-Bearing Accounts$2,538$3,660▲ $1,122
Total Assets$3,333,298$3,178,413▼ $154,885
Other Assets Total$896,081$581,705▼ $314,376
Liabilities
Mortgage Notes Payable Secured by Investment Property$568,751$483,251▼ $85,500
Other Liabilities$195,554$35,119▼ $160,435
Deferred Revenue$925--
Accounts Payable and Accrued Expenses$7,973$658▼ $7,315
Total Liabilities$773,203$519,028▼ $254,175
Net Assets / Fund Balance
Unrestricted Net Assets$2,339,874$2,659,385▲ $319,511
Temporarily Rstr Net Assets$220,221--
Total Net Assets Fund Balance$2,560,095$2,659,385▲ $99,290
Total Liabilities and Net Assets / Fund Balance$3,333,298$3,178,413▼ $154,885

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,316,264-$2,316,264
Equipment$5,683$19,431$25,114
Other Assets Org$581,705--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathy PaulsonExecutive DiPT$23,719$1,429$25,148
Teresa J VanderbentExecutive DiPT$10,646$1,309$11,955
Connie SagstetterExecutive DiPT$3,462$238$3,700

Board Members and Trustees

NameTitle
Michele WillardChair
Mari MoenVice Chair
Barbara Pierre-louisBoard Member
Elizabeth JuelichBoard Member
Eric ThiewesBoard Member
Linnea Graffunder-bartelsBoard Member
Luke AveryBoard Member
Mark LandisBoard Member
Teresa HowardBoard Member
William HargisBoard Member
Michael MeisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$270,623
Program Service Revenue
$189,218
Investment Income
$386
Other Revenue
$0
All Other Contributions
$85,123
Change in Net Assets
$99,290
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$307,082
Salaries, Compensation, and Employee Benefits$53,855
Total Fundraising Expense$3,216
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$33,253$6,529$1,021$40,803
Fees for Services Management$34,746--$34,746
Insurance$11,248$2,208$345$13,801
Fees for Services Accounting$2,844$7,919$1,237$12,000
Other Employee Benefits$5,876$1,153$180$7,209
Payroll Taxes$3,080$604$94$3,778
Office Expenses$2,804$550$86$3,440
Occupancy$2,722$535$84$3,341
Fees for Services Legal$2,750--$2,750
Other Salaries and Wages$1,684$330$51$2,065
Information Technology$1,562$307$48$1,917
Depreciation Depletion$1,005$197$31$1,233
Travel$894$176$27$1,097
Other Expenses$550--$550
Conferences and Meetings$393$77$12$482
Interest$256--$256
Total Functional Expenses$337,136$20,585$3,216$360,937
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$35,119
Refundable Advance-
Funds Held for Others-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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, Page 6, Part VI, Line 11B

“Two rivers clt will sends out a copy of the 990 to the board prior to filing the 990.”

Form 990, Page 6, Part VI, Line 12C

“Two rivers clt provides conflict of interest statements at the first board meeting of the year. The board members complete them at the board meeting and statements are retained on file. Each year at this meeting we review conflicts of interest and clarify for the board members any questions they may have surrounding the form and disclosure.”

Form 990, Page 6, Part VI, Line 15A

“For compensation process two rivers clt consults the mn council of nonprofit's yearly payroll comparison study. In addition, we review 990's of other nonprofits in our area that are similar size and provide a similar scope of services.”

Form 990, Page 6, Part VI, Line 15B

“For compensation process two rivers clt consults the mn council of nonprofit's yearly payroll comparison study. In addition, we review 990's of other nonprofits in our area that are similar size and provide a similar scope of services.”

Form 990, Page 6, Part VI, Line 19

“Two rivers clt makes its governing documents, conflict of interest policy and, when available, audited financial statements, available to the public upon request.”

Filing and Contact Details

Filer

EIN
41-1971550
Phone
6519949194

Signing Officer

Name
Elizabeth Juelich
Title
Board Chair
Phone
6519949194
Signed
2015-06-11

Organization Details

Principal Officer
Elizabeth Juelich
Formed
2000
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
3

Preparer

Preparer
Bryan Swartz
Phone
6514811128
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

“404,514 developer fees revenue previously reported. 189,218 developer fees revenue currently reported. Amended change: 215,296 housing inventory adjustments net with property development expenses. 446,765 property development previously reported. 231,469 property development previously reported.”

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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0264126
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0MISCELLANEOUS INCOME 4,613
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REFUNDABLE ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2FUNDS HELD FOR OTHERS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0404,514 DEVELOPER FEES REVENUE PREVIOUSLY REPORTED. 189,218 DEVELOPER FEES REVENUE CURRENTLY REPORTED. AMENDED CHANGE: 215,296 HOUSING INVENTORY ADJUSTMENTS NET WITH PROPERTY DEVELOPMENT EXPENSES. 446,765 PROPERTY DEVELOPMENT PREVIOUSLY REPORTED. 231,469 PROPERTY DEVELOPMENT PREVIOUSLY REPORTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TWO RIVERS CLT WILL SENDS OUT A COPY OF THE 990 TO THE BOARD PRIOR TO FILING THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TWO RIVERS CLT PROVIDES CONFLICT OF INTEREST STATEMENTS AT THE FIRST BOARD MEETING OF THE YEAR. THE BOARD MEMBERS COMPLETE THEM AT THE BOARD MEETING AND STATEMENTS ARE RETAINED ON FILE. EACH YEAR AT THIS MEETING WE REVIEW CONFLICTS OF INTEREST AND CLARIFY FOR THE BOARD MEMBERS ANY QUESTIONS THEY MAY HAVE SURROUNDING THE FORM AND DISCLOSURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FOR COMPENSATION PROCESS TWO RIVERS CLT CONSULTS THE MN COUNCIL OF NONPROFIT'S YEARLY PAYROLL COMPARISON STUDY. IN ADDITION, WE REVIEW 990'S OF OTHER NONPROFITS IN OUR AREA THAT ARE SIMILAR SIZE AND PROVIDE A SIMILAR SCOPE OF SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FOR COMPENSATION PROCESS TWO RIVERS CLT CONSULTS THE MN COUNCIL OF NONPROFIT'S YEARLY PAYROLL COMPARISON STUDY. IN ADDITION, WE REVIEW 990'S OF OTHER NONPROFITS IN OUR AREA THAT ARE SIMILAR SIZE AND PROVIDE A SIMILAR SCOPE OF SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TWO RIVERS CLT MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND, WHEN AVAILABLE, AUDITED FINANCIAL STATEMENTS, AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0337136
IRS990/TotalFunctionalExpensesGrp/TotalAmt0360937
IRS990/TotalGrossUBIAmt00
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Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,178,413
Liabilities
$519,028
Net assets
$2,659,385
Revenue
$460,227
Expenses
$360,937
Net income
$99,290
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.51$1.24$3.28$2.86$2.49$0.37
2023Detailed filing. Detailed filing data is available for this year.$4.30$1.40$2.90$0.85$0.83$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.60$0.71$2.88$1.63$1.46$0.17
2021Detailed filing. Detailed filing data is available for this year.$3.16$0.45$2.71$1.00$0.84$0.16
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$0.49$2.55$0.98$0.74$0.24
2019Detailed filing. Detailed filing data is available for this year.$2.60$0.29$2.31$0.65$0.69$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.00$0.66$2.34$0.16$0.13$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.99$0.63$2.36$0.43$0.38$0.05
2015Detailed filing. Detailed filing data is available for this year.$3.07$0.46$2.61$0.35$0.32$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.35$0.77$2.58$0.30$0.39$0.08
2013Detailed filing. Detailed filing data is available for this year.$3.18$0.52$2.66$0.68$0.58$0.10
2013Detailed filing. Detailed filing data is available for this year.$3.18$0.52$2.66$0.46$0.36$0.10
2012Summary only. Only limited summary data is available for this year.$3.33$0.77$2.56$1.11$1.09$0.01
2011Summary only. Only limited summary data is available for this year.$3.52$0.98$2.55$1.88$1.44$0.45