Civic Intelligence

Northfield Downtown Development Cor

EIN 41-2004424 • 501(c)3 • Northfield, MN

Profile

Grow, maintain and support the vitality of downtown northfield.

PO Box 403Northfield, MN 55057

www.nddc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

12th percentile

-61%

Higher net margin than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

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

Asset Growth

24th percentile

-32%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-76%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$14,116

Down $6,591 (-32%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$14,116

Down $6,591 (-32%) from 2023

Revenue

Down

$10,862

Down $33,626 (-76%) from 2023

Expenses

Down

$17,453

Down $35,963 (-67%) from 2023

Net Income

Up

-$6,591

Up $2,337 (+26%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2010: $9,743Liabilities 2010: $354Net Assets 2010: $9,3892010Assets 2011: $14,342Liabilities 2011: $1,589Net Assets 2011: $12,7532011Assets 2012: $11,471Liabilities 2012: $6,262Net Assets 2012: $5,2092012Assets 2013: $7,584Liabilities 2013: $11,3552013Assets 2014: $10,969Liabilities 2014: $1,920Net Assets 2014: $9,0492014Assets 2015: $16,978Liabilities 2015: $842Net Assets 2015: $16,1362015Assets 2016: $30,677Liabilities 2016: $24Net Assets 2016: $30,6532016Assets 2017: $21,625Liabilities 2017: $669Net Assets 2017: $20,9562017Assets 2018: $22,456Liabilities 2018: $616Net Assets 2018: $21,8402018Assets 2019: $28,153Liabilities 2019: $748Net Assets 2019: $27,4052019Assets 2020: $31,076Liabilities 2020: $748Net Assets 2020: $30,3282020Assets 2021: $52,553Liabilities 2021: $2,339Net Assets 2021: $50,2142021Assets 2022: $29,635Net Assets 2022: $29,6352022Assets 2023: $20,707Net Assets 2023: $20,7072023Assets 2024: $14,116Net Assets 2024: $14,1162024

Highlighted filing

2024

Assets$14,116
Liabilities-
Net Assets$14,116

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2010: $75,672Expenses 2010: $74,467Net Income 2010: $1,2052010Revenue 2011: $98,960Expenses 2011: $95,596Net Income 2011: $3,3642011Revenue 2012: $86,033Expenses 2012: $93,577Net Income 2012: -$7,5442012Revenue 2013: $77,325Expenses 2013: $86,305Net Income 2013: -$8,9802013Revenue 2014: $78,159Expenses 2014: $65,339Net Income 2014: $12,8202014Revenue 2015: $53,004Expenses 2015: $45,917Net Income 2015: $7,0872015Revenue 2016: $53,203Expenses 2016: $38,686Net Income 2016: $14,5172016Revenue 2017: $40,579Expenses 2017: $50,276Net Income 2017: -$9,6972017Revenue 2018: $57,088Expenses 2018: $56,204Net Income 2018: $8842018Revenue 2019: $68,499Expenses 2019: $62,934Net Income 2019: $5,5652019Revenue 2020: $96,021Expenses 2020: $93,209Net Income 2020: $2,8122020Revenue 2021: $91,344Expenses 2021: $71,458Net Income 2021: $19,8862021Revenue 2022: $10,167Expenses 2022: $30,746Net Income 2022: -$20,5792022Revenue 2023: $44,488Expenses 2023: $53,416Net Income 2023: -$8,9282023Revenue 2024: $10,862Expenses 2024: $17,453Net Income 2024: -$6,5912024

Highlighted filing

2024

Revenue$10,862
Expenses$17,453
Net Income-$6,591

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.1$14.1$10.9$17.5$6.59
2023Detailed filing. Detailed filing data is available for this year.$20.7$20.7$44.5$53.4$8.93
2022Detailed filing. Detailed filing data is available for this year.$29.6$29.6$10.2$30.7$20.6
2021Detailed filing. Detailed filing data is available for this year.$52.6$2.34$50.2$91.3$71.5$19.9
2020Detailed filing. Detailed filing data is available for this year.$31.1$0.75$30.3$96.0$93.2$2.81
2019Detailed filing. Detailed filing data is available for this year.$28.2$0.75$27.4$68.5$62.9$5.57
2018Detailed filing. Detailed filing data is available for this year.$22.5$0.62$21.8$57.1$56.2$0.88
2017Detailed filing. Detailed filing data is available for this year.$21.6$0.67$21.0$40.6$50.3$9.70
2016Detailed filing. Detailed filing data is available for this year.$30.7$0.02$30.7$53.2$38.7$14.5
2015Detailed filing. Detailed filing data is available for this year.$17.0$0.84$16.1$53.0$45.9$7.09
2014Detailed filing. Detailed filing data is available for this year.$11.0$1.92$9.05$78.2$65.3$12.8
2013Summary only. Only limited summary data is available for this year.$7.58$11.4$77.3$86.3$8.98
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$6.26$5.21$86.0$93.6$7.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$1.59$12.8$99.0$95.6$3.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.74$0.35$9.39$75.7$74.5$1.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$10,862
Mission and Program Overview

Mission

Grow, maintain and support the vitality of downtown northfield.

Program Services

DescriptionGrantsExpenses
PROVIDED SERVICES TO BUSINESSES, PROPERTY OWNERS, AND VISITORS THAT INCREASED THE VITALITY OF DOWNTOWN NORTHFIELD AND IMPROVED THE VISITOR EXPERIENCE, INCLUDING MAJOR PROGRAMMING SERVICES CHANGES DUE TO THE PANDEMIC AND LOCAL BUSINESS TRAGEDIES. -WORK WITH MAIN STREET MINNESOTA, WHICH NORTHFIELD CONTINUES TO BE A MAIN STREET ACCREDITED CITY. - THIRD THURSDAYS DOWNTOWN DREW 350+ PER EVENT$1,514$13,664
ARTISTS ON MAIN ST PROGRAM PROVIDES GRANTS TO ARTISTS TO BEAUTIFY THE DOWNTOWN AREA AND INCREASE TOURISM TRAFFIC. 2 ARTISTS WERE SUPPORTED IN 2024.$2,021$2,021
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATHLEEN HOLMESBoard Member-$0--
CHRISTOPHER TASSAVAPresident-$0--
AMY PETERSONBoard Member-$0--
TERESA JENSENBoard Member-$0--
CODY LARSONBoard Member-$0--
JOSHUA ZIMMERMANTreasurer-$0--
JANE BARTHOBoard Member-$0--
DANIEL HOLLERUNGBoard Member-$0--
AARON STREETBoard Member-$0--
MAX BOARDMANYouth Board-$0--
AUDREY HINMANYouth Board-$0--
FRANCISCO MURILLO PONCIANOBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Northfield Downtown Development Cor
EIN
41-2004424
Phone
6126165288
Address
PO BOX 403, NORTHFIELD, MN 55057

Signing Officer

Name
Christopher Tassava
Title
President
Phone
6126165288
Signed
2025-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Goodney & Etter Pa
Address
319 DIVISION ST PO BOX 347, NORTHFIELD, MN 55057-0347
Preparer
Ann Etter
Phone
5076630861
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses conference 1,777 insurance 417 state of mn fees 25 event services 3,480 bank fees 175 materials/supplies 1,190 third thursdays support 1,287 subscriptions 39 non-investment depreciation 382 total 8,772

Form 990-ez, Part I, Line 20

PRIOR PERIOD 0

Form 990-ez, Part II, Line 24

3,509 6,666 less accumulated depreciation 3,348 3,730 total 161 2,936

Form 990-ez, Part II, Line 26

Payroll taxes payable 0 0 due to employee 0 0

Form 990-ez, Part III, Line 28

Provided services to businesses, property owners, and visitors that increased the vitality of downtown northfield and improved the visitor experience, including major programming services changes due to the pandemic and local business tragedies. -work with main street minnesota, which northfield continues to be a main street accredited city. - third thursdays downtown drew 350+ per event

Raw XML Appendix182 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES CONFERENCE 1,777 INSURANCE 417 STATE OF MN FEES 25 EVENT SERVICES 3,480 BANK FEES 175 MATERIALS/SUPPLIES 1,190 THIRD THURSDAYS SUPPORT 1,287 SUBSCRIPTIONS 39 NON-INVESTMENT DEPRECIATION 382 TOTAL 8,772
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23,509 6,666 LESS ACCUMULATED DEPRECIATION 3,348 3,730 TOTAL 161 2,936
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYROLL TAXES PAYABLE 0 0 DUE TO EMPLOYEE 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROVIDED SERVICES TO BUSINESSES, PROPERTY OWNERS, AND VISITORS THAT INCREASED THE VITALITY OF DOWNTOWN NORTHFIELD AND IMPROVED THE VISITOR EXPERIENCE, INCLUDING MAJOR PROGRAMMING SERVICES CHANGES DUE TO THE PANDEMIC AND LOCAL BUSINESS TRAGEDIES. -WORK WITH MAIN STREET MINNESOTA, WHICH NORTHFIELD CONTINUES TO BE A MAIN STREET ACCREDITED CITY. - THIRD THURSDAYS DOWNTOWN DREW 350+ PER EVENT
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