Civic Intelligence

Lake Agassiz Regional Development

EIN 45-0404558 • 501(c)3 • Fargo, ND

Profile

To identify and provide financing opportunities and technical assistance to emerging and existing businesses, provide community and economic development planning and implementation for the long-term sustainability and growth of the region, and to coordinate federal, state, and private program administration.

417 Main AvenueFargo, ND 58103

www.lakeagassiz.com

Siviq Scores

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

Liabilities / Assets

74th percentile

0.39x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

2.28x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

61st percentile

9.9%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$122,846

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

43rd percentile

2.0%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

2.8%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$6,440,859

Up $127,140 (+2.0%) from 2023

Liabilities

Up

$2,536,923

Up $17,050 (+0.7%) from 2023

Net Assets

Up

$3,903,936

Up $110,090 (+2.9%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin61st percentile

Revenue

Up

$1,112,933

Up $30,495 (+2.8%) from 2023

Expenses

Down

$1,002,843

Down $83,664 (-7.7%) from 2023

Net Income

Up

$110,090

Up $114,159 (+2806%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth43rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $7,125,857Liabilities 2010: $4,190,080Net Assets 2010: $2,935,7772010Assets 2011: $6,656,591Liabilities 2011: $3,810,159Net Assets 2011: $2,846,4322011Assets 2012: $6,716,613Liabilities 2012: $3,780,038Net Assets 2012: $2,936,5752012Assets 2013: $6,592,898Liabilities 2013: $3,693,313Net Assets 2013: $2,899,5852013Assets 2014: $6,315,899Liabilities 2014: $3,348,798Net Assets 2014: $2,967,1012014Assets 2015: $6,465,549Liabilities 2015: $3,425,583Net Assets 2015: $3,039,9662015Assets 2016: $6,348,475Liabilities 2016: $3,205,958Net Assets 2016: $3,142,5172016Assets 2017: $6,119,266Liabilities 2017: $3,000,030Net Assets 2017: $3,119,2362017Assets 2018: $5,994,258Liabilities 2018: $2,803,259Net Assets 2018: $3,190,9992018Assets 2019: $6,309,784Liabilities 2019: $3,002,931Net Assets 2019: $3,306,8532019Assets 2020: $6,789,842Liabilities 2020: $3,321,604Net Assets 2020: $3,468,2382020Assets 2021: $6,919,532Liabilities 2021: $3,128,679Net Assets 2021: $3,790,8532021Assets 2022: $6,609,256Liabilities 2022: $2,811,341Net Assets 2022: $3,797,9152022Assets 2023: $6,313,719Liabilities 2023: $2,519,873Net Assets 2023: $3,793,8462023Assets 2024: $6,440,859Liabilities 2024: $2,536,923Net Assets 2024: $3,903,9362024

Highlighted filing

2024

Assets$6,440,859
Liabilities$2,536,923
Net Assets$3,903,936
Open 2024 Filing

Operations Trend

Revenue Growth41st percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $753,3962010Expenses 2011: $1,020,6762011Expenses 2012: $816,4692012Revenue 2013: $762,084Expenses 2013: $782,327Net Income 2013: -$20,2432013Revenue 2014: $985,169Expenses 2014: $941,673Net Income 2014: $43,4962014Revenue 2015: $952,880Expenses 2015: $880,015Net Income 2015: $72,8652015Revenue 2016: $813,678Expenses 2016: $711,127Net Income 2016: $102,5512016Revenue 2017: $1,017,463Expenses 2017: $1,040,744Net Income 2017: -$23,2812017Revenue 2018: $1,074,260Expenses 2018: $1,002,497Net Income 2018: $71,7632018Revenue 2019: $936,762Expenses 2019: $820,908Net Income 2019: $115,8542019Revenue 2020: $1,049,464Expenses 2020: $888,079Net Income 2020: $161,3852020Revenue 2021: $1,263,112Expenses 2021: $940,497Net Income 2021: $322,6152021Revenue 2022: $1,028,697Expenses 2022: $1,021,635Net Income 2022: $7,0622022Revenue 2023: $1,082,438Expenses 2023: $1,086,507Net Income 2023: -$4,0692023Revenue 2024: $1,112,933Expenses 2024: $1,002,843Net Income 2024: $110,0902024

Highlighted filing

2024

Revenue$1,112,933
Expenses$1,002,843
Net Income$110,090
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,440,859
Liabilities
$2,536,923
Net assets
$3,903,936
Revenue
$1,112,933
Expenses
$1,002,843
Net income
$110,090
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.44$2.54$3.90$1.11$1.00$0.11
2023Summary only. Only limited summary data is available for this year.$6.31$2.52$3.79$1.08$1.09$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.61$2.81$3.80$1.03$1.02$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.92$3.13$3.79$1.26$0.94$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.79$3.32$3.47$1.05$0.89$0.16
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.31$3.00$3.31$0.94$0.82$0.12
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.99$2.80$3.19$1.07$1.00$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.12$3.00$3.12$1.02$1.04$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.35$3.21$3.14$0.81$0.71$0.10
2015Detailed filing. Detailed filing data is available for this year.$6.47$3.43$3.04$0.95$0.88$0.07
2014Detailed filing. Detailed filing data is available for this year.$6.32$3.35$2.97$0.99$0.94$0.04
2013Detailed filing. Detailed filing data is available for this year.$6.59$3.69$2.90$0.76$0.78$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.72$3.78$2.94$0.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.66$3.81$2.85$1.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.13$4.19$2.94$0.75
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 12, 2025
Return Version
2024v5.1
Gross Receipts
$1,112,933
Mission and Program Overview

Mission

To identify and provide financing opportunities and technical assistance to emerging and existing businesses, provide community and economic development planning and implementation for the long-term sustainability and growth of the region, and to coordinate federal, state, and private program administration.

Provides community planning and economic development assistance to a six-county region of southeastern north dakota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,631,472$2,856,624▲ $225,152
Savings and Temporary Cash Investments$1,724,941$1,674,308▼ $50,633
Land, Buildings, and Equipment, Net$1,258,810$1,190,108▼ $68,702
Investments Other Securities$429,060$429,060→ $0
Accounts Receivable$243,607$268,913▲ $25,306
Prepaid Expenses and Deferred Charges$445$2,394▲ $1,949
Cash and Non-Interest-Bearing Accounts$50$50→ $0
Total Assets$6,313,719$6,440,859▲ $127,140
Other Assets Total$25,334$19,402▼ $5,932
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,275,175$2,285,476▲ $10,301
Accounts Payable and Accrued Expenses$218,647$230,998▲ $12,351
Other Liabilities$26,051$20,449▼ $5,602
Total Liabilities$2,519,873$2,536,923▲ $17,050
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,315,745$2,517,968▲ $202,223
Net Assets Without Donor Restrictions$1,478,101$1,385,968▼ $92,133
Total Net Assets Fund Balance$3,793,846$3,903,936▲ $110,090
Total Liabilities and Net Assets / Fund Balance$6,313,719$6,440,859▲ $127,140

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$206,065$1,385,294$1,591,359
Leasehold Improvements$646,414$443,186$1,089,600
Land$189,987-$189,987
Other Land Buildings$135,533$21,552$157,085
Equipment$12,109$67,767$79,876
Other Securities$429,060--
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sara D IsaakSenior Commercial Loan OffPT$106,887$15,959$122,846
Donald LitchChief Financial OfficerPT$86,115$15,992$102,107
Amber MetzExecutive DirectorPT$42,646$5,906$48,552

Board Members and Trustees

NameTitle
Rick MairsPresident
Larry JacobsenVice President
Robert WurlSecretary
Lisa RotvoldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$152,337
Program Service Revenue
$733,999
Investment Income
$226,597
Other Revenue
$0
Change in Net Assets
$110,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$618,266
Other Expenses$384,577
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$182,848$169,060-$351,908
Current Officers, Directors, Trustees, and Key Employees$109,807$62,204-$172,011
Occupancy$112,429$26,144-$138,573
Depreciation Depletion$78,784--$78,784
Other Employee Benefits$42,147$15,683-$57,830
Interest$50,582--$50,582
Office Expenses$17,602$21,242-$38,844
Payroll Taxes$19,304$17,213-$36,517
Fees for Services Accounting-$28,925-$28,925
Insurance$11,797$12,311-$24,108
Advertising$226$3,012-$3,238
Travel$359$2,809-$3,168
Other Expenses$4,011$1,973-$1,973
All Other Expenses$-16,000$1,260-$-14,740
Total Functional Expenses$630,787$372,056$0$1,002,843
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
Finance Lease Liabilities$20,449
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Reviewed / approved by the board of directors.”

Form 990, Part VI, Section B, Line 12C

“The board of directors is periodically reminded of the conflict of interest policy and of the importance to adhere to it.”

Form 990, Part VI, Section B, Line 15

“The board approves compensation at rates of 3-5% annually, if feasible. When available membership organizations such as nadco and bank compensation surveys are consulted and presented with compensation plans.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Lake Agassiz Regional Development
EIN
45-0404558
Phone
7012351197
Address
417 MAIN AVENUE, FARGO, ND 58103

Signing Officer

Name
Donald Litch
Title
CFO
Phone
7012351197
Signed
2025-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Litch
Formed
1987
Legal Domicile
Nd
Voting Board Members
4
Independent Board Members
4
Employees
8
Volunteers
0

Preparer

Firm
Brady Martz & Associates Pc
Address
2537 S UNIVERSITY DRIVE, FARGO, ND 58103
Preparer
Jeremy Ulmer CPA
Phone
7012802100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization did not change its oversight or selection process during the year.”

Financial Statement Notes

PART X, LINE 2:

“It is the opinion of management that lake agassiz regional development corporation has no uncertain tax positions that would be subject to change upon examination. The federal and state income tax returns of lake agassiz regional development corporation are subject to examination by the irs, generally for three years after they were filed.”

Raw XML AppendixShowing 400 of 464 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
IRS990/AccountantCompileOrReviewInd00
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IRS990/Form990PartVIISectionAGrp/TitleTxt4CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE DIRECTOR
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02275175
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02285476
IRS990/NetAssetsOrFundBalancesBOYAmt03793846
IRS990/NetAssetsOrFundBalancesEOYAmt03903936
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01478101
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01385968
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt026144
IRS990/OccupancyGrp/ProgramServicesAmt0112429
IRS990/OccupancyGrp/TotalAmt0138573
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt021242
IRS990/OfficeExpensesGrp/ProgramServicesAmt017602
IRS990/OfficeExpensesGrp/TotalAmt038844
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025334
IRS990/OtherAssetsTotalGrp/EOYAmt019402
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015683
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt042147
IRS990/OtherEmployeeBenefitsGrp/TotalAmt057830
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc1FINANCE LEASE EXPENSE
IRS990/OtherExpensesGrp/Desc2JANITORIAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3DUES, FEES AND SUBSCRIP
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010220
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11973
IRS990/OtherExpensesGrp/ProgramServicesAmt09170
IRS990/OtherExpensesGrp/ProgramServicesAmt17721
IRS990/OtherExpensesGrp/ProgramServicesAmt24011
IRS990/OtherExpensesGrp/TotalAmt019390
IRS990/OtherExpensesGrp/TotalAmt17721
IRS990/OtherExpensesGrp/TotalAmt24011
IRS990/OtherExpensesGrp/TotalAmt31973
IRS990/OtherLiabilitiesGrp/BOYAmt026051
IRS990/OtherLiabilitiesGrp/EOYAmt020449
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0169060
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0182848
IRS990/OtherSalariesAndWagesGrp/TotalAmt0351908
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02631472
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02856624
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017213
IRS990/PayrollTaxesGrp/ProgramServicesAmt019304
IRS990/PayrollTaxesGrp/TotalAmt036517
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0445
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02394
IRS990/PrincipalOfficerNm0DONALD LITCH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES AND OTHER
IRS990/ProgramServiceRevenueGrp/Desc1RENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0481604
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1252395
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0481604
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1252395
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0176575
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0178502
IRS990/PYOtherExpensesAmt0465507
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0727361
IRS990/PYRevenuesLessExpensesAmt0-4069
IRS990/PYSalariesCompEmpBnftPaidAmt0621000
IRS990/PYTotalExpensesAmt01086507
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01082438
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0110090
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0733999
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01724941
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01674308
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0152337
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0176575
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0187514
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0345765
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0218386
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01080577
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0226597
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0178502
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0142860
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0170166
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0166109
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0884234
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03529621
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.55000
IRS990ScheduleA/PublicSupportPY170Pct00.57590
IRS990ScheduleA/PublicSupportTotal170Amt01080577
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0152337
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0176575
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0187514
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0345765
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0218386
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01080577
IRS990ScheduleA/TotalSupportAmt01964811
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0206065
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01385294
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01591359
IRS990ScheduleD/EquipmentGrp/BookValueAmt012109
IRS990ScheduleD/EquipmentGrp/DepreciationAmt067767
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt079876
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0189987
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0189987
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0646414
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0443186
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01089600
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0135533
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021552
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0157085
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020449
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FINANCE LEASE LIABILITIES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0429060
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN LAKE AGASSIZ HOUSING CORP
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE OPINION OF MANAGEMENT THAT LAKE AGASSIZ REGIONAL DEVELOPMENT CORPORATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL AND STATE INCOME TAX RETURNS OF LAKE AGASSIZ REGIONAL DEVELOPMENT CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01190108
IRS990ScheduleD/TotalBookValueSecuritiesAmt0429060
IRS990ScheduleD/TotalLiabilityAmt020449
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED / APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS PERIODICALLY REMINDED OF THE CONFLICT OF INTEREST POLICY AND OF THE IMPORTANCE TO ADHERE TO IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD APPROVES COMPENSATION AT RATES OF 3-5% ANNUALLY, IF FEASIBLE. WHEN AVAILABLE MEMBERSHIP ORGANIZATIONS SUCH AS NADCO AND BANK COMPENSATION SURVEYS ARE CONSULTED AND PRESENTED WITH COMPENSATION PLANS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0LAKE AGASSIZ REGIONAL DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LAKE AGASSIZ HOUSING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0450458458
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0ND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SHARE OFFICE FACILITY AND STAFF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0417 MAIN AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FARGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0ND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd058103
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06313719
IRS990/TotalAssetsEOYAmt06440859
IRS990/TotalAssetsGrp/BOYAmt06313719
IRS990/TotalAssetsGrp/EOYAmt06440859
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0152337
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0372056
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0630787
IRS990/TotalFunctionalExpensesGrp/TotalAmt01002843

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