Civic Intelligence

Tradition Community Assistance

EIN 93-2100655 • 501(c)3 • Edina, MN

Pub. 78 Eligible990-N CoverageNTEE W60

Profile

Tradition community assistance supports affordable homeownership for low- to moderate-income minnesotans by providing down payment and closing cost assistance.

7601 France Ave SouthEdina, MN 55436

n/A

Siviq Scores

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

Liabilities / Assets

94th percentile

0.98x

Higher debt load relative to assets than 94% of similar nonprofits.

NTEE W • <$500k nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

7.75x

Higher debt load relative to revenue than 99% of similar nonprofits.

NTEE W • <$500k nonprofits • Source year 2024

Net Margin

53rd percentile

15%

Higher net margin than 53% of similar nonprofits.

NTEE W • <$500k nonprofits • Source year 2024

Top Officer Pay

90th percentile

$0

Higher top officer pay than 90% of similar nonprofits.

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

NTEE W • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets94th percentile

Assets

$20,384

No earlier filing loaded for comparison.

Liabilities

$20,000

No earlier filing loaded for comparison.

Net Assets

$384

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue99th percentileNet Margin53rd percentile

Revenue

$2,582

No earlier filing loaded for comparison.

Expenses

$2,198

No earlier filing loaded for comparison.

Net Income

$384

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$30K$20K$10K$0Assets 2024: $20,384Liabilities 2024: $20,000Net Assets 2024: $3842024

Highlighted filing

2024

Assets$20,384
Liabilities$20,000
Net Assets$384
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0K$2.0K$1.0K$0Revenue 2024: $2,582Expenses 2024: $2,198Net Income 2024: $3842024

Highlighted filing

2024

Revenue$2,582
Expenses$2,198
Net Income$384
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,384
Liabilities
$20,000
Net assets
$384
Revenue
$2,582
Expenses
$2,198
Net income
$384
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.4$20.0$0.38$2.58$2.20$0.38
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 5, 2025
Return Version
2024v5.1
Gross Receipts
$2,582
Mission and Program Overview

Mission

Tradition community assistance supports affordable homeownership for low- to moderate-income minnesotans by providing down payment and closing cost assistance.

Program Services

DescriptionGrantsExpenses
IN 2024, TRADITION COMMUNITY ASSISTANCE HELPED 42 MINNESOTANS ACHIEVE AFFORDABLE HOMEOWNERSHIP BY PROVIDING $714,992 IN LOW COST DOWNPAYMENT AND CLOSING COST ASSISTANCE FUNDS. THESE FUNDS ENCOMPASSED 38 TRANSACTIONS IN THE TWIN CITIES METRO AREA. ALL BORROWERS WHO RECEIVED DOWNPAYMENT FUNDS FROM TRADITION COMMUNITY ASSISTANCE QUALIFY AS LOW-TO-MODERATE INCOME BORROWERS AND HOUSEHOLDS UNDER CURRENT HUD AND FHFA GUIDELINES. BY PROVIDING THESE FUNDS, TRADITION COMMUNITY ASSISTANCE HELPS MINNESOTANS BRIDGE THE DOWNPAYMENT CHALLENGE AND ACHIEVE AFFORDABLE, SUSTAINABLE HOMEOWNERSHIP.$0$0
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ERIK HENDRIKSONPresident-$0--
DAN SMITHSecretary-$0--
JASON DARIOTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Tradition Community Assistance
EIN
93-2100655
Phone
9522524702
Address
7601 FRANCE AVE SOUTH, EDINA, MN 55436

Signing Officer

Name
Erik Hendrikson
Title
President
Phone
9522524702
Signed
2025-05-05
Discuss with paid preparer
Yes

Preparer

Firm
Carpenter Evert & Associates Ltd
Address
7760 FRANCE AVE S SUITE 940, BLOOMINGTON, MN 55435
Preparer
David Paul
Phone
9528310085
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest. Amount: 51. Description: loans held for sale. Amount: 531. Total included on form 990-ez, line 4: 582.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: underwriting fee. Amount: 399. Description: bank service charge. Amount: 403. Description: interest expense. Amount: 1,221. Total to form 990-ez, line 16: 2,023.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: loans held for sale. Beg. Of year amount: 0. End of year amount: 20,000.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: due to tradition community bank - line of credit. Beg. Of year amount: 0. End of year amount: 20,000.”

Raw XML Appendix134 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 51. DESCRIPTION: LOANS HELD FOR SALE. AMOUNT: 531. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 582.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: UNDERWRITING FEE. AMOUNT: 399. DESCRIPTION: BANK SERVICE CHARGE. AMOUNT: 403. DESCRIPTION: INTEREST EXPENSE. AMOUNT: 1,221. TOTAL TO FORM 990-EZ, LINE 16: 2,023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: LOANS HELD FOR SALE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 20,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: DUE TO TRADITION COMMUNITY BANK - LINE OF CREDIT. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 20,000.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/TaxPeriodEndDt02024-12-31
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