Civic Intelligence

Aberdeen Development Corporation

EIN 46-6011831 • 501(c)6 • Aberdeen, SD

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Profile

Dedicate efforts to maintain and promote primary job creation in the City of Aberdeen and Brown County. The Aberdeen Development Corporation will be supportive of others having a common mission in the region.

Refreshing map…

506 S Main St Ste 2Aberdeen, SD 57401

www.adcsd.com

Siviq Scores

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

Liabilities / Assets

47th percentile

0.21x

Higher debt load relative to assets than 47% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

2.48x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Net Margin

4th percentile

-41%

Higher net margin than 4% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

25th percentile

$238,935

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 26.2% of source-year revenue.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Asset Growth

11th percentile

-6.3%

Faster asset growth than 11% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

-1.0%

Faster revenue growth than 24% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$10,731,122

Down $722,779 (-6.3%) from 2023

Liabilities

Down

$2,260,549

Down $30,510 (-1.3%) from 2023

Net Assets

Down

$8,470,573

Down $692,269 (-7.6%) from 2023

Operations
Liabilities / Revenue95th percentileNet Margin4th percentile

Revenue

Down

$911,814

Down $8,898 (-1.0%) from 2023

Expenses

Down

$1,283,368

Down $401,618 (-24%) from 2023

Net Income

Up

-$371,554

Up $392,720 (+51%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth11th percentile

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

$40M$30M$20M$10M$0Assets 2011: $33,817,660Liabilities 2011: $19,510,949Net Assets 2011: $14,306,7112011Assets 2012: $33,947,969Liabilities 2012: $19,331,721Net Assets 2012: $14,616,2482012Assets 2013: $33,352,990Liabilities 2013: $18,566,314Net Assets 2013: $14,786,6762013Assets 2014: $31,756,534Liabilities 2014: $16,586,805Net Assets 2014: $15,169,7292014Assets 2015: $31,474,465Liabilities 2015: $16,031,243Net Assets 2015: $15,443,2222015Assets 2016: $29,124,579Liabilities 2016: $12,406,014Net Assets 2016: $16,718,5652016Assets 2017: $32,240,255Liabilities 2017: $12,799,568Net Assets 2017: $19,440,6872017Assets 2018: $24,070,300Liabilities 2018: $14,249,059Net Assets 2018: $9,821,2412018Assets 2019: $15,154,003Liabilities 2019: $6,411,724Net Assets 2019: $8,742,2792019Assets 2020: $16,953,277Liabilities 2020: $6,642,588Net Assets 2020: $10,310,6892020Assets 2021: $13,966,811Liabilities 2021: $4,194,107Net Assets 2021: $9,772,7042021Assets 2022: $12,144,487Liabilities 2022: $2,413,319Net Assets 2022: $9,731,1682022Assets 2023: $11,453,901Liabilities 2023: $2,291,059Net Assets 2023: $9,162,8422023Assets 2024: $10,731,122Liabilities 2024: $2,260,549Net Assets 2024: $8,470,5732024

Highlighted filing

2024

Assets$10,731,122
Liabilities$2,260,549
Net Assets$8,470,573
Open 2024 Filing

Operations Trend

Revenue Growth24th percentile

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

$20M$10M$0-$10MExpenses 2011: $2,717,5492011Expenses 2012: $2,639,9352012Expenses 2013: $2,694,7752013Revenue 2014: $2,990,471Expenses 2014: $2,607,418Net Income 2014: $383,0532014Revenue 2015: $2,903,295Expenses 2015: $2,629,802Net Income 2015: $273,4932015Revenue 2016: $3,636,279Expenses 2016: $2,360,936Net Income 2016: $1,275,3432016Revenue 2017: $5,063,638Expenses 2017: $2,341,516Net Income 2017: $2,722,1222017Revenue 2018: $3,030,298Expenses 2018: $12,649,744Net Income 2018: -$9,619,4462018Revenue 2019: $1,413,746Expenses 2019: $2,492,708Net Income 2019: -$1,078,9622019Revenue 2020: $2,549,970Expenses 2020: $1,387,029Net Income 2020: $1,162,9412020Revenue 2021: $503,905Expenses 2021: $1,169,286Net Income 2021: -$665,3812021Revenue 2022: $1,606,263Expenses 2022: $1,041,174Net Income 2022: $565,0892022Revenue 2023: $920,712Expenses 2023: $1,684,986Net Income 2023: -$764,2742023Revenue 2024: $911,814Expenses 2024: $1,283,368Net Income 2024: -$371,5542024

Highlighted filing

2024

Revenue$911,814
Expenses$1,283,368
Net Income-$371,554
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
$10,731,122
Liabilities
$2,260,549
Net assets
$8,470,573
Revenue
$911,814
Expenses
$1,283,368
Net income
-$371,554
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$2.26$8.47$0.91$1.28$0.37
2023Summary only. Only limited summary data is available for this year.$11.5$2.29$9.16$0.92$1.68$0.76
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$2.41$9.73$1.61$1.04$0.57
2021Summary only. Only limited summary data is available for this year.$14.0$4.19$9.77$0.50$1.17$0.67
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$6.64$10.3$2.55$1.39$1.16
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$6.41$8.74$1.41$2.49$1.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.1$14.2$9.82$3.03$12.6$9.62
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.2$12.8$19.4$5.06$2.34$2.72
2016Detailed filing. Detailed filing data is available for this year.$29.1$12.4$16.7$3.64$2.36$1.28
2015Detailed filing. Detailed filing data is available for this year.$31.5$16.0$15.4$2.90$2.63$0.27
2014Detailed filing. Detailed filing data is available for this year.$31.8$16.6$15.2$2.99$2.61$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.4$18.6$14.8$2.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.9$19.3$14.6$2.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.8$19.5$14.3$2.72
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 14, 2025
Return Version
2024v5.2
Gross Receipts
$4,225,668
Mission and Program Overview

Mission

Recruit, retain, expand, and provide entrepreneurial support to enhance economic opportunity in Aberdeen and our surrounding region.

Formed to encourage and promote development of industrial, commercial, and other types of business in Brown County, SD and the surrounding area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,900,964$4,972,698▲ $1,071,734
Land, Buildings, and Equipment, Net$3,263,046$2,106,485▼ $1,156,561
Investments in Publicly Traded Securities$3,017,439$1,794,423▼ $1,223,016
Savings and Temporary Cash Investments$631,322$743,308▲ $111,986
Pledges and Grants Receivable$324,547$269,741▼ $54,806
Investments Other Securities$236,580$251,030▲ $14,450
Prepaid Expenses and Deferred Charges$18,149$18,431▲ $282
Accounts Receivable$33,455$2,931▼ $30,524
Total Assets$11,453,901$10,731,122▼ $722,779
Other Assets Total$28,399$572,075▲ $543,676
Liabilities
Unsecured Notes Loans Payable$1,552,117$1,532,330▼ $19,787
Mortgage Notes Payable Secured by Investment Property$688,167$655,784▼ $32,383
Accounts Payable and Accrued Expenses$50,775$72,435▲ $21,660
Total Liabilities$2,291,059$2,260,549▼ $30,510
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,420,478$4,340,996▼ $79,482
Net Assets Without Donor Restrictions$4,742,364$4,129,577▼ $612,787
Total Net Assets Fund Balance$9,162,842$8,470,573▼ $692,269
Total Liabilities and Net Assets / Fund Balance$11,453,901$10,731,122▼ $722,779

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,484,863$211,578$1,696,441
Land$524,336-$524,336
Equipment$61,523$29,125$90,648
Other Land Buildings$35,763$6,414$42,177
Other Assets Org$479,793--
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael BockornyCEOFT$192,229$49,417$241,646
Tim Hanigan-Chair Jan-SepInterim CEO (Oct-Dec)FT$25,000-$25,000

Board Members and Trustees

NameTitle
Kip Hansen-Vice Chair Jan-SepChair (Oct-Dec)
Mark Gederos-Director Jan-SepChair-Elect (Oct-Dec)
Adam ButcherDirector
Char HagerDirector
David KreberDirector
Jeff LeeDirector
Katie WashnokDirector
Keri SatrangDirector
Mark MalchowDirector
Nicole SummnerDirector
Ryan SchmikeDirector
Spencer SommersDirector
Paul ForstDirector (Mar-Dec)
Shane PhillipsDirector (Mar-Dec)
Scott NoeldnerSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$261,127
Program Service Revenue
$408,761
Investment Income
$214,225
Other Revenue
$27,701
All Other Contributions
$143,693
Change in Net Assets
$-371,554

Audited Revenue Reconciliation

Revenue per Audited Statements
$894,804
Revenue Not Reported on Financial Statements
$17,010
Revenue Not Reported on Form 990
$-290,343
Total Revenue per Audited Statements
$604,461
Total Revenue per Form 990
$911,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$590,708
Salaries, Compensation, and Employee Benefits$513,486
Grants and Similar Amounts Paid$179,174
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$267,497
Fees for Services Other---$177,671
Grants to Domestic Orgs---$176,499
Other Salaries and Wages---$157,420
Interest---$77,626
Depreciation Depletion---$75,144
Other Employee Benefits---$46,334
Office Expenses---$45,779
Occupancy---$41,732
Travel---$34,489
Payroll Taxes---$29,139
Insurance---$20,344
Fees for Service Investment Mgmnt Fees---$17,010
Advertising---$13,867
Pension Plan Contributions---$13,096
Conferences and Meetings---$9,024
All Other Expenses---$5,046
Other Expenses---$3,500
Grants to Domestic Individuals---$2,675
Total Functional Expenses$0$0$0$1,283,368

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,296,730
Total Expenses per Form 990$1,283,368
Expenses per Audited Statements$1,266,358
Expenses Not Reported on Form 990$30,372
Expenses Not Reported on Financial Statements$17,010
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minds Matter PLLCAberdeen, SDN/aEconomic development$10,000
Aberdeen Family YMCAAberdeen, SD501(c)(3)Economic development$0
LaVake HoldingsRapid City, SDN/aEconomic development$0
ModalaneAberdeen, SDN/aEconomic development$0
Schock PropertiesAberdeen, SDN/aEconomic development$0
The Sweat ZoneAberdeen, SDN/aEconomic development$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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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, Part VI, Section A, line 8B

“There are no committees that have the authority to act on behalf of the governing body. All decisions made by the executive committee must be ratified by the board of directors.”

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

“Prior to filing, a draft of the return is reviewed by the CEO.”

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

“All employees, officers, and directors are covered by the Organization's conflict of interest policy. Directors complete a conflict of interest form when they are elected. For ongoing monitoring for potential conflicts, directors declare at each meeting whether they have a conflict with any of the items on the agenda. Board members with a conflict abstain from voting on issues related to that item. Any conflicts that are identified for employees would be evaluated by the governing board.”

Form 990, Part VI, Section B, line 15A

“Information surveys have been done throughout the board members and other entities they are affiliated with. In October 2007, a comparison of salaries with the city of Brookings was performed. Salaries are compared with the SD Chamber and Economic Development Council information every 5 years. Annual salary adjustments for years subsequent to the compensation survey are based on the cost of living rate of inflation in the geographic area as well as performance. An annual performance evaluation survey for the CEO is sent to the Board of Directors. The performance survey responses are reviewed by the executive committee.”

Form 990, Part VI, Section C, line 19

“These documents are available upon request and approval by the CEO.”

Filing and Contact Details

Filer

Filer Name
Aberdeen Development Corporation
EIN
46-6011831
Phone
6052295335
Address
506 S Main St Ste 2, Aberdeen, SD 57401

Signing Officer

Name
Tim Hanigan
Title
CEO
Phone
6052295335
Signed
2025-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Hanigan
Formed
1955
Legal Domicile
Sd
Voting Board Members
15
Independent Board Members
15
Employees
7
Volunteers
15

Preparer

Firm
Eide Bailly LLP
Address
4585 Coleman St Ste 200, Bismarck, ND 58503
Preparer
Lisa Chaffee CPA
Phone
7012551091
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Professional Fees 163,207. Cleaning Contract 14,464.”

Form 990, Part XI, line 9:

“Loss on Impairment of Property -30,372.”

Financial Statement Notes

Part X, Line 2:

“The Company believes that it has appropriate support for any tax positions taken affecting its annual filing requirements and, as such, does not have any uncertain tax positions that are material to the financial statements. The Company would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

Part XII, Line 2D - Other Adjustments:

“Loss on Impairment of Property 30,372.”

Raw XML AppendixShowing 400 of 573 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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IRS990/Form990PartVIISectionAGrp/PersonNm0Michael Bockorny
IRS990/Form990PartVIISectionAGrp/PersonNm1Tim Hanigan-Chair Jan-Sep
IRS990/Form990PartVIISectionAGrp/PersonNm2Kip Hansen-Vice Chair Jan-Sep
IRS990/Form990PartVIISectionAGrp/PersonNm3Mark Gederos-Director Jan-Sep
IRS990/Form990PartVIISectionAGrp/PersonNm4Scott Noeldner
IRS990/Form990PartVIISectionAGrp/PersonNm5Char Hager
IRS990/Form990PartVIISectionAGrp/PersonNm6David Kreber
IRS990/Form990PartVIISectionAGrp/PersonNm7Katie Washnok
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IRS990/Form990PartVIISectionAGrp/PersonNm11Jeff Lee
IRS990/Form990PartVIISectionAGrp/PersonNm12Mark Malchow
IRS990/Form990PartVIISectionAGrp/PersonNm13Spencer Sommers
IRS990/Form990PartVIISectionAGrp/PersonNm14Nicole Summner
IRS990/Form990PartVIISectionAGrp/PersonNm15Paul Forst
IRS990/Form990PartVIISectionAGrp/PersonNm16Shane Phillips
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Interim CEO (Oct-Dec)
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chair (Oct-Dec)
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chair-Elect (Oct-Dec)
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director (Mar-Dec)
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director (Mar-Dec)
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01955
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-185550
IRS990/GainOrLossGrp/SecuritiesAmt0299201
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt0117434
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02675
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0176499
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0479427
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02948078
IRS990/GrossReceiptsAmt04225668
IRS990/GrossRentsGrp/RealAmt07709
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/TotalAmt020344
IRS990/InterestGrp/TotalAmt077626
IRS990/InvestmentIncomeGrp/ExclusionAmt0100574
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0100574
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0236580
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0251030
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03017439
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01794423
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0247117
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03263046
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02106485
IRS990/LandBldgEquipCostOrOtherBssAmt02353602
IRS990/LegalDomicileStateCd0SD
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0664977
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02648877
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt019987
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt019987
IRS990/MissionDesc0Recruit, retain, expand, and provide entrepreneurial support to enhance economic opportunity in Aberdeen and our surrounding region.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0688167
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0655784
IRS990/NetAssetsOrFundBalancesBOYAmt09162842
IRS990/NetAssetsOrFundBalancesEOYAmt08470573
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0113651
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0113651
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt07709
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt07709
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-290343
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04742364
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04129577
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt041732
IRS990/OfficeExpensesGrp/TotalAmt045779
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt028399
IRS990/OtherAssetsTotalGrp/EOYAmt0572075
IRS990/OtherChangesInNetAssetsAmt0-30372
IRS990/OtherEmployeeBenefitsGrp/TotalAmt046334
IRS990/OtherExpensesGrp/Desc0Credit Losses
IRS990/OtherExpensesGrp/Desc1Bad Debt Expense
IRS990/OtherExpensesGrp/TotalAmt069476
IRS990/OtherExpensesGrp/TotalAmt13500
IRS990/OtherRevenueMiscGrp/BusinessCd0812900
IRS990/OtherRevenueMiscGrp/Desc0Insurance Proceeds
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05
IRS990/OtherRevenueTotalAmt019992
IRS990/OtherSalariesAndWagesGrp/TotalAmt0157420
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03900964
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04972698
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt029139
IRS990/PensionPlanContributionsGrp/TotalAmt013096
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0324547
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0269741
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018149
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018431
IRS990/PrincipalOfficerNm0Tim Hanigan
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1531120
IRS990/ProgramServiceRevenueGrp/Desc0Interest Income - Contracts
IRS990/ProgramServiceRevenueGrp/Desc1Industrial Park Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0339037
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt169724
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0339037
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt169724
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0224162
IRS990/PYGrantsAndSimilarPaidAmt0662327
IRS990/PYInvestmentIncomeAmt0352012
IRS990/PYOtherExpensesAmt0565197
IRS990/PYOtherRevenueAmt061502
IRS990/PYProgramServiceRevenueAmt0283036
IRS990/PYRevenuesLessExpensesAmt0-764274
IRS990/PYSalariesCompEmpBnftPaidAmt0457462
IRS990/PYTotalExpensesAmt01684986
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0920712
IRS990/ReconcilationRevenueExpnssAmt0-371554
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt07709
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0631322
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0743308
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/BookValueAmt01484863
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0211578
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01696441
IRS990ScheduleD/EquipmentGrp/BookValueAmt061523
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029125
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt090648
IRS990ScheduleD/ExpensesNotReportedAmt030372
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt017010
IRS990ScheduleD/ExpensesSubtotalAmt01266358
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt017010
IRS990ScheduleD/InvestmentExpensesNotIncldAmt017010
IRS990ScheduleD/LandGrp/BookValueAmt0524336
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0524336
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-290343
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt123782
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt260000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3479793
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Loan Fees
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Accrued Interest Receivable
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Earnest Money Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Mills Business Park
IRS990ScheduleD/OtherExpensesIncludedAmt030372
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt035763
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06414
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt042177
IRS990ScheduleD/RevenueNotReportedAmt0-290343
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt017010
IRS990ScheduleD/RevenueSubtotalAmt0894804
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Company believes that it has appropriate support for any tax positions taken affecting its annual filing requirements and, as such, does not have any uncertain tax positions that are material to the financial statements. The Company would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Loss on Impairment of Property 30,372.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02106485
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0572075
IRS990ScheduleD/TotalExpensesPerForm990Amt01283368
IRS990ScheduleD/TotalRevenuePerForm990Amt0911814
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0604461
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01296730
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt00
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt20
IRS990ScheduleI/RecipientTable/CashGrantAmt30
IRS990ScheduleI/RecipientTable/CashGrantAmt40
IRS990ScheduleI/RecipientTable/CashGrantAmt50
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1N/A
IRS990ScheduleI/RecipientTable/IRCSectionDesc2N/A
IRS990ScheduleI/RecipientTable/IRCSectionDesc3N/A
IRS990ScheduleI/RecipientTable/IRCSectionDesc4N/A
IRS990ScheduleI/RecipientTable/IRCSectionDesc5N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt057166
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt213958
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt334835
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt446882
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt510243

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