Civic Intelligence

Lake Agassiz Regional Development Corporation

990 • Fiscal year 2016 • EIN 45-0404558

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 26, 2017

Organization ProfileWWW.LAKEAGASSIZ.COM

View Organization Page

417 Main AvenueFargo, ND 58103

(701) 235-1197

Siviq Scores

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

Liabilities / Assets

75th percentile

0.50x

Higher debt load relative to assets than 75% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

3.94x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

74th percentile

13%

Higher net margin than 74% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$88,344

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

33rd percentile

-1.8%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

18th percentile

-15%

Faster revenue growth than 18% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$6,348,475

Down $117,074 (-1.8%) from 2015

Net Assets

Up

$3,142,517

Up $102,551 (+3.4%) from 2015

Liabilities

Down

$3,205,958

Down $219,625 (-6.4%) from 2015

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin74th percentile

Revenue

Down

$813,678

Down $139,202 (-15%) from 2015

Expenses

Down

$711,127

Down $168,888 (-19%) from 2015

Net Income

Up

$102,551

Up $29,686 (+41%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$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

2016

Assets$6,348,475
Liabilities$3,205,958
Net Assets$3,142,517
Open 2016 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$813,678
Expenses$711,127
Net Income$102,551
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 26, 2017
Return Version
2016v3.0
Gross Receipts
$813,678
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$3,203,216$3,242,010▲ $38,794
Cash and Non-Interest-Bearing Accounts$1,561,642$1,519,088▼ $42,554
Land, Buildings, and Equipment, Net$1,108,913$1,044,564▼ $64,349
Investments Other Securities$454,816$429,816▼ $25,000
Accounts Receivable$136,962$112,997▼ $23,965
Total Assets$6,465,549$6,348,475▼ $117,074
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,280,729$3,091,476▼ $189,253
Accounts Payable and Accrued Expenses$135,074$108,415▼ $26,659
Other Liabilities$7,710$3,997▼ $3,713
Deferred Revenue$2,070$2,070→ $0
Total Liabilities$3,425,583$3,205,958▼ $219,625
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,291,556$2,419,435▲ $127,879
Unrestricted Net Assets$748,410$723,082▼ $25,328
Total Net Assets Fund Balance$3,039,966$3,142,517▲ $102,551
Total Liabilities and Net Assets / Fund Balance$6,465,549$6,348,475▼ $117,074

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$524,329$1,067,030$1,591,359
Leasehold Improvements$296,979$222,407$519,386
Land$206,000-$206,000
Equipment$14,340$160,504$174,844
Other Land Buildings$2,916$21,988$24,904
Other Securities$429,816--
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Amber MetzExecutive DirectorPT$88,344$88,344
Donald LitchFinancial OfficerPT$84,626$84,626

Board Members and Trustees

NameTitle
Rick MairsPresident
Larry JacobsenVice President
Robert WurlSecretary
Jay HenricksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$126,787
Program Service Revenue
$511,893
Investment Income
$174,998
Other Revenue
$0
Change in Net Assets
$102,551

Audited Revenue Reconciliation

Revenue per Audited Statements
$806,678
Revenue Not Reported on Financial Statements
$7,000
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$7,000
Total Revenue per Audited Statements
$806,678
Total Revenue per Form 990
$813,678
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$369,240
Other Expenses$337,059
Grants and Similar Amounts Paid$4,828
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$172,970-$172,970
Other Salaries and Wages-$138,314-$138,314
Depreciation Depletion$66,918--$66,918
Other Employee Benefits-$57,956-$57,956
Occupancy$44,220$10,853-$55,073
Interest$48,471$321-$48,792
Fees for Services Accounting$3,500$15,900-$19,400
All Other Expenses$5,801$13,207-$19,008
Office Expenses$5,209$9,268-$14,477
Insurance$3,839$9,071-$12,910
Other Expenses$11,486$1,054-$12,540
Grants to Domestic Orgs$4,828--$4,828
Travel$2,313$908-$3,221
Fees for Services Legal-$519-$519
Advertising$100$38-$138
Total Functional Expenses$280,603$430,524$0$711,127

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$711,127
Total Expenses per Audited Statements$711,127
Total Expenses per Form 990$711,127
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Capital Lease$3,997
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 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.”

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
2017-07-26
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
9
Volunteers
0

Preparer

Firm
Fiebiger Swanson West & Copllp
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:

“According to gaap, the corporation is required to record a liability for uncertain tax positions when it is probable that a loss has been incurred and the amount can be reasonably estimated. As of december 31, 2016, no such liability existed. Management will continually evaluate expiring statutes of limitations, audits, proposed settlements, changes in tax law, and new authoritative rulings.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Income from subsidiary (lahc) 7,000.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Expenses paid to subsidiary”

FORM 990, PART XI, LINE 1 AND PART XII, LINE 1:

“The audited financial statements include the consolidating numbers from a related entity. Part xi, line 1 and part xii, line 1 include the numbers for lake agassiz regional development corporation from the combined financial statements. The $7,000 represents the eliminating transactions between the two.”

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IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES AND OTHER
IRS990/ProgramServiceRevenueGrp/Desc1RENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0350315
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1161578
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0350315
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1161578
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0205585
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt048925
IRS990/PYInvestmentIncomeAmt0213439
IRS990/PYOtherExpensesAmt0451187
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0533856
IRS990/PYRevenuesLessExpensesAmt072865
IRS990/PYSalariesCompEmpBnftPaidAmt0379903
IRS990/PYTotalExpensesAmt0880015
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0952880
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0102551
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0511893
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0126787
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0205585
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0242984
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0163568
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0147585
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0886509
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0174998
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0198439
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0314575
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0203471
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0236846
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01128329
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02237429
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.44000
IRS990ScheduleA/PublicSupportPY170Pct00.45840
IRS990ScheduleA/PublicSupportTotal170Amt0886509
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0126787
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0205585
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0242984
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0163568
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0147585
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0886509
IRS990ScheduleA/TotalSupportAmt02014838
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/BookValueAmt0524329
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01067030
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01591359
IRS990ScheduleD/EquipmentGrp/BookValueAmt014340
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0160504
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0174844
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0711127
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0206000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0206000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0296979
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0222407
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0519386
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02916
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021988
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt024904
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03997
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt07000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0429816
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN LAKE AGASSIZ HOUSING CORP
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt07000
IRS990ScheduleD/RevenueSubtotalAmt0806678
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCORDING TO GAAP, THE CORPORATION IS REQUIRED TO RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS PROBABLE THAT A LOSS HAS BEEN INCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. AS OF DECEMBER 31, 2016, NO SUCH LIABILITY EXISTED. MANAGEMENT WILL CONTINUALLY EVALUATE EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCOME FROM SUBSIDIARY (LAHC) 7,000.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EXPENSES PAID TO SUBSIDIARY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3THE AUDITED FINANCIAL STATEMENTS INCLUDE THE CONSOLIDATING NUMBERS FROM A RELATED ENTITY. PART XI, LINE 1 AND PART XII, LINE 1 INCLUDE THE NUMBERS FOR LAKE AGASSIZ REGIONAL DEVELOPMENT CORPORATION FROM THE COMBINED FINANCIAL STATEMENTS. THE $7,000 REPRESENTS THE ELIMINATING TRANSACTIONS BETWEEN THE TWO.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 1 AND PART XII, LINE 1:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01044564
IRS990ScheduleD/TotalBookValueSecuritiesAmt0429816
IRS990ScheduleD/TotalExpensesPerForm990Amt0711127
IRS990ScheduleD/TotalLiabilityAmt03997
IRS990ScheduleD/TotalRevenuePerForm990Amt0813678
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0806678
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0711127
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.
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/PublicCharityStatusTxt09
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/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02291556
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02419435
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06465549
IRS990/TotalAssetsEOYAmt06348475
IRS990/TotalAssetsGrp/BOYAmt06465549
IRS990/TotalAssetsGrp/EOYAmt06348475
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0126787
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0430524
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0280603
IRS990/TotalFunctionalExpensesGrp/TotalAmt0711127

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$6,348,475
Liabilities
$3,205,958
Net assets
$3,142,517
Revenue
$813,678
Expenses
$711,127
Net income
$102,551
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
2016Detailed filing. Detailed filing data is available for this year.$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