Civic Intelligence

Two Rivers Community Land Trust

990 • Fiscal year 2016 • EIN 41-1971550

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 06, 2017

Organization ProfileWWW.TWORIVERSCLT.ORG
PO Box 25451Woodbury, MN 55125

(651) 994-9194

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.21x

Higher debt load relative to assets than 63% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

1.45x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

71st percentile

12%

Higher net margin than 71% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

40th percentile

$35,604

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

32nd percentile

-2.5%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

79th percentile

24%

Faster revenue growth than 79% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$2,989,602

Down $77,068 (-2.5%) from 2015

Net Assets

Down

$2,359,098

Down $250,281 (-9.6%) from 2015

Liabilities

Up

$630,504

Up $173,213 (+38%) from 2015

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin71st percentile

Revenue

Up

$434,891

Up $83,392 (+24%) from 2015

Expenses

Up

$384,589

Up $65,237 (+20%) from 2015

Net Income

Up

$50,302

Up $18,155 (+56%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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 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

2016

Assets$2,989,602
Liabilities$630,504
Net Assets$2,359,098
Open 2016 Filing

Operations Trend

Revenue Growth79th percentile

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 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

2016

Revenue$434,891
Expenses$384,589
Net Income$50,302
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 6, 2017
Return Version
2016v3.0
Gross Receipts
$434,891
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$2,448,810$2,252,975▼ $195,835
Savings and Temporary Cash Investments$96,637$145,724▲ $49,087
Accounts Receivable$2,486$4,146▲ $1,660
Prepaid Expenses and Deferred Charges$2,474--
Cash and Non-Interest-Bearing Accounts$586$740▲ $154
Total Assets$3,066,670$2,989,602▼ $77,068
Other Assets Total$515,677$586,017▲ $70,340
Liabilities
Mortgage Notes Payable Secured by Investment Property$243,251$528,851▲ $285,600
Other Liabilities$208,700$100,000▼ $108,700
Accounts Payable and Accrued Expenses$5,340$1,653▼ $3,687
Total Liabilities$457,291$630,504▲ $173,213
Net Assets / Fund Balance
Unrestricted Net Assets$2,609,379$2,359,098▼ $250,281
Total Net Assets Fund Balance$2,609,379$2,359,098▼ $250,281
Total Liabilities and Net Assets / Fund Balance$3,066,670$2,989,602▼ $77,068

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,250,492-$2,250,492
Equipment$2,483$22,631$25,114
Other Assets Org$586,017--
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sherry Timmermann GoodpasterExecutive DiFT$35,604$35,604
Connie SagstetterExecutive DiFT$7,944$7,944

Board Members and Trustees

NameTitle
Mari MoenChair
Michael MeisVice Chair
Brent WinchBoard Member
Linnea Graffunder-bartelsBoard Member
Luke AveryBoard Member
Nick BoettcherBoard Member
Samuel ChumbonBoard Member
Teresa HowardSecretary
Elizabeth JuelichTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$213,866
Program Service Revenue
$220,820
Investment Income
$205
Other Revenue
$0
All Other Contributions
$160,916
Change in Net Assets
$50,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$337,725
Salaries, Compensation, and Employee Benefits$46,864
Total Fundraising Expense$3,009
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$240,558--$240,558
Fees for Services Management$45,000$22,164-$67,164
Current Officers, Directors, Trustees, and Key Employees$34,241$6,968$2,339$43,548
Insurance$7,757$1,523$238$9,518
Interest$6,536--$6,536
Office Expenses$3,522$692$108$4,322
Fees for Services Accounting$2,898$569$89$3,556
Payroll Taxes$2,702$531$83$3,316
Conferences and Meetings$2,341$460$72$2,873
Depreciation Depletion$1,070$210$33$1,313
Information Technology$918$180$28$1,126
Travel$619$121$19$759
Total Functional Expenses$348,162$33,418$3,009$384,589
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$100,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
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

Filer Name
Two Rivers Community Land Trust
EIN
41-1971550
Phone
6519949194
Address
PO BOX 25451, WOODBURY, MN 55125

Signing Officer

Name
Mari Moen
Title
Chair
Phone
6513515409
Signed
2017-09-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Juelich
Formed
2000
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
26

Preparer

Firm
Harrington Langer & Associates
Address
563 PHALEN BLVD, SAINT PAUL, MN 55130
Preparer
Bryan Swartz
Phone
6514811128
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Prior period adjustments were made to correct 300,853 prior year property and equipment.”

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IRS990ScheduleA/TotalSupportAmt01329834
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt022631
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0100000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO RIVERS CLT WILL SENDS OUT A COPY OF THE 990 TO THE BOARD PRIOR TO FILING THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TWO 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/ExplanationTxt2FOR 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/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/ExplanationTxt4TWO RIVERS CLT MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND, WHEN AVAILABLE, AUDITED FINANCIAL STATEMENTS, AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR PERIOD ADJUSTMENTS WERE MADE TO CORRECT 300,853 PRIOR YEAR PROPERTY AND EQUIPMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/TravelGrp/TotalAmt0759
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,989,602
Liabilities
$630,504
Net assets
$2,359,098
Revenue
$434,891
Expenses
$384,589
Net income
$50,302
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
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