Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
990 • Fiscal year 2022 • EIN 46-6012194
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
5th percentile
Higher net margin than 5% of similar nonprofits.
Top Officer Pay
8th percentile
Higher top officer pay than 8% of similar nonprofits.
Top officer pay equals 5.8% of source-year revenue.
Asset Growth
51st percentile
Faster asset growth than 51% of similar nonprofits.
Revenue Growth
9th percentile
Faster revenue growth than 9% of similar nonprofits.
Assets
Up$26,777,594
Up $444,112 (+1.7%) from 2021
Net Assets
Down$7,148,282
Down $759,175 (-9.6%) from 2021
Liabilities
Up$19,629,312
Up $1,203,287 (+6.5%) from 2021
Revenue
Down$1,539,881
Down $538,367 (-26%) from 2021
Expenses
Down$2,299,056
Down $201,243 (-8.0%) from 2021
Net Income
Down-$759,175
Down $337,124 (-80%) from 2021
Economic development in the watertown, sd area.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $12,536,499 | $13,877,597 | ▲ $1,341,098 |
| Other Notes and Loans Receivable, Net | $6,291,486 | $6,925,418 | ▲ $633,932 |
| Rtn Earn Endowment Incm Other Fnds | $7,025,491 | $6,266,316 | ▼ $759,175 |
| Savings and Temporary Cash Investments | $3,995,254 | $3,854,636 | ▼ $140,618 |
| Cap Stk Tr Prin Current Funds | $881,966 | $881,966 | → $0 |
| Pledges and Grants Receivable | $1,508,584 | $827,935 | ▼ $680,649 |
| Investments Other Securities | $113,266 | $110,427 | ▼ $2,839 |
| Accounts Receivable | $846,710 | $61,377 | ▼ $785,333 |
| Intangible Assets | - | $57,475 | - |
| Prepaid Expenses and Deferred Charges | $2,153 | $3,682 | ▲ $1,529 |
| Total Assets | $26,333,482 | $26,777,594 | ▲ $444,112 |
| Other Assets Total | $1,039,530 | $1,059,047 | ▲ $19,517 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $18,279,998 | $19,522,746 | ▲ $1,242,748 |
| Accounts Payable and Accrued Expenses | $72,695 | $106,566 | ▲ $33,871 |
| Other Liabilities | $73,332 | - | - |
| Total Liabilities | $18,426,025 | $19,629,312 | ▲ $1,203,287 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $7,907,457 | $7,148,282 | ▼ $759,175 |
| Total Liabilities and Net Assets / Fund Balance | $26,333,482 | $26,777,594 | ▲ $444,112 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $13,691,322 | $2,600,509 | $16,291,831 |
| Land | $186,275 | - | $186,275 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Michelle Kakacek | Exec Directo | FT | $89,038 | $89,038 |
| Mark Vaux | Past Exec Di | FT | $59,712 | $59,712 |
| Name | Title |
|---|---|
| Jim Redlinger | Chairman |
| Michael Cartney | Vice Chairma |
| Troy Zebroski | Vice Chairma |
| Amanda Mack | Board Member |
| Brent Hasslen | Board Member |
| Corey Baloun | Board Member |
| Dan Garvey | Board Member |
| Dustin Flatten | Board Member |
| James Roby | Board Member |
| Jim Seurer | Board Member |
| Josh Hogue | Board Member |
| Mark Dunn | Board Member |
| Sam Mooney | Board Member |
| Troy Vandusen | Board Member |
| Steve Lehner | Secretary/tr |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,937,820 |
| Salaries, Compensation, and Employee Benefits | $361,236 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Interest | $687,722 | - | - | $687,722 |
| Depreciation Depletion | $416,964 | - | - | $416,964 |
| Advertising | $172,450 | - | - | $172,450 |
| All Other Expenses | $159,607 | - | - | $159,607 |
| Current Officers, Directors, Trustees, and Key Employees | - | $148,750 | - | $148,750 |
| Other Salaries and Wages | $99,033 | - | - | $99,033 |
| Other Employee Benefits | $76,898 | - | - | $76,898 |
| Other Expenses | $50,854 | - | - | $50,854 |
| Fees for Services Accounting | $47,912 | - | - | $47,912 |
| Payroll Taxes | $28,561 | - | - | $28,561 |
| Fees for Services Legal | $27,722 | - | - | $27,722 |
| Fees for Services Other | $25,824 | - | - | $25,824 |
| Pension Plan Contributions | $7,994 | - | - | $7,994 |
| Occupancy | $3,801 | - | - | $3,801 |
| Total Functional Expenses | $2,150,306 | $148,750 | $0 | $2,299,056 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Board of directors is elected by its members.”
“Yes by virtue of actions taken at annual meeting.”
“The 990 is signed by the director and a copy is presented to the board of directors.”
“Directors and officers are required to disclose any possible conflicts and agree to the policy annually.”
“Board reviews and approves annual compensation for executive director and all other employees.”
“Watertown development company makes all of its governing documents, conflict of interest policy and financial statements available to the public upon request.”
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/AccountantCompileOrReviewInd | 0 | true |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 72695 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 106566 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 846710 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 61377 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | ECONOMIC DEVELOPMENT IN THE WATERTOWN, SD AREA. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 172450 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 172450 |
| IRS990/AllOtherContributionsAmt | 0 | 7364 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 159607 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 159607 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | MICHELLE KAKACEK |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6058840340 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 332 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | WATERTOWN |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | SD |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 57201 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 881966 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 881966 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 148750 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 148750 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 184901 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 280320 |
| IRS990/CYOtherExpensesAmt | 0 | 1937820 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 1074660 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -759175 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 361236 |
| IRS990/CYTotalExpensesAmt | 0 | 2299056 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1539881 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 416964 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 416964 |
| IRS990/Desc | 0 | THE WATERTOWN DEVELOPMENT COMPANY SERVES TO IMPROVE THE OVERALL STANDARD OF LIVING IN THE COMMUNITY BY WAY OF STIMULATING ECONOMIC DEVELOPMENT BY ASSISTING NEW AND EXISTING BUSINESSES WITH CREATION OF NEW JOBS AND THE RETENTION OF EXISTING JOBS. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 5 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/ExpenseAmt | 0 | 2150306 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 47912 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 47912 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 27722 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 27722 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 25824 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 25824 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 16 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 14 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JIM REDLINGER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | STEVE LEHNER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | MICHAEL CARTNEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | TROY ZEBROSKI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JIM SEURER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | JAMES ROBY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | BRENT HASSLEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | MARK DUNN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | SAM MOONEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | AMANDA MACK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | DUSTIN FLATTEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | JOSH HOGUE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | TROY VANDUSEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | COREY BALOUN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | DAN GARVEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | MICHELLE KAKACEK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | MARK VAUX |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 89038 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 59712 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | SECRETARY/TR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | VICE CHAIRMA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | VICE CHAIRMA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | EXEC DIRECTO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | PAST EXEC DI |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1947 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 15 |
| IRS990/GovernmentGrantsAmt | 0 | 177537 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 1539881 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 15 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 57475 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 687722 |
| IRS990/InterestGrp/TotalAmt | 0 | 687722 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 280320 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 280320 |
| IRS990/InvestmentInJointVentureInd | 0 | true |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 113266 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 110427 |
| IRS990/IRPDocumentCnt | 0 | 4 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 2600509 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 12536499 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 13877597 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 16478106 |
| IRS990/LegalDomicileStateCd | 0 | SD |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | ECONOMIC DEVELOPMENT IN THE WATERTOWN, SD AREA. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 18279998 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 19522746 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 7907457 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 7148282 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 3801 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 3801 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1039530 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1059047 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 76898 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 76898 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROVISION FOR UNCOLLECT |
| IRS990/OtherExpensesGrp/Desc | 1 | RENTAL PROPERTY COSTS |
| IRS990/OtherExpensesGrp/Desc | 2 | ECONOMIC INCENTIVES |
| IRS990/OtherExpensesGrp/Desc | 3 | TRAVEL & MEETINGS |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 179805 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 85830 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 79329 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 50854 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 179805 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 85830 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 79329 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 50854 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 73332 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 99033 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 99033 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 6291486 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 6925418 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 28561 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 28561 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 7994 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 7994 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 1508584 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 827935 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2153 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 3682 |
| IRS990/PrincipalOfficerNm | 0 | MICHELLE KAKACEK |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | QUALIFYING RENT INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1074660 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1074660 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 827746 |
| IRS990/PYInvestmentIncomeAmt | 0 | 93625 |
| IRS990/PYOtherExpensesAmt | 0 | 1998026 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1156877 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -422051 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 502273 |
| IRS990/PYTotalExpensesAmt | 0 | 2500299 |
| IRS990/PYTotalRevenueAmt | 0 | 2078248 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -759175 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 1074660 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 7025491 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 6266316 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 3995254 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 3854636 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 13691322 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 2600509 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 16291831 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 186275 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 186275 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 13877597 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | BOARD OF DIRECTORS IS ELECTED BY ITS MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | YES BY VIRTUE OF ACTIONS TAKEN AT ANNUAL MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE 990 IS SIGNED BY THE DIRECTOR AND A COPY IS PRESENTED TO THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY POSSIBLE CONFLICTS AND AGREE TO THE POLICY ANNUALLY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BOARD REVIEWS AND APPROVES ANNUAL COMPENSATION FOR EXECUTIVE DIRECTOR AND ALL OTHER EMPLOYEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | WATERTOWN DEVELOPMENT COMPANY MAKES ALL OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 26333482 |
| IRS990/TotalAssetsEOYAmt | 0 | 26777594 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 26333482 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 26777594 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 184901 |
| IRS990/TotalEmployeeCnt | 0 | 5 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 148750 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 2150306 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 2299056 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 18426025 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 19629312 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 18426025 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 19629312 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 7907457 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 7148282 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 2150306 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 1074660 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 148750 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 280320 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1074660 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1539881 |
| IRS990/TotalVolunteersCnt | 0 | 17 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 26333482 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 26777594 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 15 |
| IRS990/VotingMembersIndependentCnt | 0 | 15 |
| IRS990/WebsiteAddressTxt | 0 | WWW.WATERTOWNWORKS.COM |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| IRS990/WrittenPolicyOrProcedureInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2023-03-07 01:45:13Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MICHELLE KAKACEK |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXEC DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6058840340 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-11-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | WATERTOWN DEVELOPMENT COMPANY |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WATE |
| ReturnHeader/Filer/EIN | 0 | 466012194 |
| ReturnHeader/Filer/PhoneNum | 0 | 6058840340 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 332 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | WATERTOWN |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | SD |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 57201 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 460414067 |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.