MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION (EIN 41-0972298)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-09
- IRS object ID
- 201833139349300938
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-09T10:27:55-06:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 818 SECOND ST SO SUITE 320 | AddressLine1Txt |
| City | WAITE PARK | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56387 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410972298 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDWEST MINNESOTA COMMUNITY DEVELOPMENT | BusinessNameLine1Txt |
| Business Name Line2 | CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MIDW | BusinessNameControlTxt |
| Phone | 2188473191 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 119 GRAYSTONE PLAZA NO 100 | AddressLine1Txt |
| City | DETROIT LAKES | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 565013034 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JULIA NELMARK | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2188473191 | PhoneNum |
| Signature | 2018-11-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JASON NEUMANN CPA | PreparerPersonNm |
| PTIN | P01690179 | PTIN |
| Phone | 3202035500 | PhoneNum |
| Preparation | 2018-10-17 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.137.57.251 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-11-09 | IPDt |
| IP Tm | 10:26:30 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 8ECECD2934116A1446D5A984C58DA1E2D1128512 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 734C1E273F74A2F5BE0F14AFC1E3F98531097F4D | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JULIA NELMARK | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 119 GRAYSTONE PLAZA NO 100 | AddressLine1Txt |
| City | DETROIT LAKES | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 565013034 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $7,567,971 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MMCDC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1971 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF MMCDC IS TO ASSIST COMMUNITIES AND INDIVIDUALS ACHIEVE A BETTER QUALITY OF LIFE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 45 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $802,269 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,191,887 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $6,590,913 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $5,810,997 | CYProgramServiceRevenueAmt |
| PY Investment Income | $546,988 | PYInvestmentIncomeAmt |
| CY Investment Income | $25,100 | CYInvestmentIncomeAmt |
| PY Other Revenue | $526,385 | PYOtherRevenueAmt |
| CY Other Revenue | $539,987 | CYOtherRevenueAmt |
| PY Total Revenue | $8,466,555 | PYTotalRevenueAmt |
| CY Total Revenue | $7,567,971 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $127,819 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $133,213 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,864,961 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,865,417 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $141,431 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,155,122 | PYOtherExpensesAmt |
| CY Other Expenses | $2,036,104 | CYOtherExpensesAmt |
| PY Total Expenses | $5,147,902 | PYTotalExpensesAmt |
| CY Total Expenses | $5,034,734 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,318,653 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,533,237 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $65,019,972 | TotalAssetsBOYAmt |
| Total Assets EOY | $68,296,652 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,013,854 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,757,297 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $56,006,118 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $58,539,355 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE MISSION OF MMCDC IS TO ASSIST COMMUNITIES AND INDIVIDUALS ACHIEVE A BETTER QUALITY OF LIFE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,576,828 | ExpenseAmt |
| Grant | $133,213 | GrantAmt |
| Revenue | $5,023,354 | RevenueAmt |
| Desc | BUSINESS DEVELOPMENT: MMCDC PROVIDED $8,559,000 IN LOANS FOR BUSINESS OPERATIONS AND COMMERCIAL REAL ESTATE IN 2017. THIS INVESTMENT SUPPORTS RETENTION OF 76 EXISTING JOBS AND CREATION OF 75 NEW JOBS. IT ALSO SUPPORTS PURCHASE, CONSTRUCTION OR IMPROVEMENT OF 40,003 SQUARE FEET OF COMMERCIAL REAL ESTATE. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $773,041 | ExpenseAmt |
| Revenue | $432,631 | RevenueAmt |
| Desc | AFFORDABLE HOUSING DEVELOPMENT: TOGETHER WITH THE NORTHWEST MINNESOTA HOUSING COOPERATIVE, MMCDC DEVELOPED FIVE SINGLE-FAMILY HOMES AT A TOTAL SALES PRICE OF $982,550 AND MANAGES 254 RENTAL UNITS. MMCDC ALSO MANAGED A COUNTY EDA'S HOUSING VOUCHER PROGRAM. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $786,597 | ExpenseAmt |
| Revenue | $894,999 | RevenueAmt |
| Desc | AFFORDABLE HOUSING LENDING: MMCDC PROVIDED 200 HOUSING LOANS TOTALING $23,138,093, PRIMARILY IN RURAL MINNESOTA. LOANS FINANCED HOME PURCHASE, RENOVATION AND REFINANCE. FIFTY-ONE PERCENT WERE PROVIDED USING THE USDA RURAL DEVELOPMENT SECTION 502 RURAL HOUSING PROGRAM, WHICH ALLOWS 101 PERCENT FINANCING TO HOMEBUYERS AT 115 PERCENT OR LESS OF MEDIAN INCOME WHO ARE PURCHASING MODEST HOMES IN SMALL TOWNS AND RURAL AREAS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $4,136,466 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 53 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 45 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEVE WIEBOLT | PersonNm |
| Phone | 2188473191 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 119 GRAYSTONE PLAZA STE 100 | AddressLine1Txt |
| City | DETROIT LAKES | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56501 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| RON LINDBERG | ||||||||
| CHAIRMAN | 2.00 | Yes (X) | Yes (X) | $2,500 | $0 | $0 | ||
| JANET GREEN | ||||||||
| VICE CHAIR | 2.00 | Yes (X) | Yes (X) | $4,500 | $0 | $0 | ||
| GERALD WIGNESS | ||||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $4,000 | $0 | $0 | ||
| KAREN AHMANN | ||||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $3,750 | $0 | $0 | ||
| KATHY HENRY | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $2,500 | $0 | $0 | |||
| BREANNA ADAMS | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $3,500 | $0 | $0 | 0.50 | ||
| DAVID BURGGRAF | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $3,250 | $0 | $0 | |||
| PAUL IHLE | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $3,500 | $0 | $0 | |||
| GEMMA DREES | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $3,500 | $0 | $0 | |||
| DAN STEVENS | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $3,000 | $1,500 | $0 | 0.50 | ||
| TERRY STALLMAN | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $2,000 | $0 | $0 | |||
| LARRY LEPIER | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $2,000 | $0 | $0 | |||
| JEFF HAUKEBO | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $4,500 | $0 | $0 | |||
| LORNA LAGUE | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $2,500 | $0 | $0 | |||
| LESTER LILJEDAHL | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $4,250 | $0 | $0 | |||
| GARY THIBERT | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $4,250 | $0 | $0 | |||
| TARA WOLF | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $3,500 | $0 | $0 | |||
| KEVIN SHIPLEY | ||||||||
| PRESIDENT | 50.00 | Yes (X) | $344,056 | $0 | $26,000 | |||
| KEITH KICKER | ||||||||
| CHIEF FINANCIAL OFFICER | 45.00 | Yes (X) | $253,000 | $0 | $9,213 | |||
| KATHY MISSON | ||||||||
| VP MORTGAGE LENDING | 45.00 | $121,820 | $0 | $12,071 | Yes (X) | |||
| STEVE WIEBOLT | ||||||||
| VP ADMINISTRATION | 45.00 | $133,000 | $0 | $11,502 | Yes (X) | |||
| NICOLE KIRCHNER | ||||||||
| VP BUSINESS ADMINISTRATION | 45.00 | $101,000 | $0 | $0 | Yes (X) | |||
| JULIA NELMARK | ||||||||
| DIRECTOR OF NMTC FINANCING | 45.00 | $156,690 | $0 | $0 | Yes (X) | |||
| ARLEN KANGAS | ||||||||
| CHIEF ECONOMIST | 30.00 | $205,004 | $0 | $21,053 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,371,570 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,500 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $79,839 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| COHN REZNICK | |||||
| 500 EAST PRATT STREET SUITE 200 | BALTIMORE | MD | 21202 | AUDIT WORK FOR NMTC | $287,250 |
| CLIFTONLARSONALLEN | |||||
| PO BOX 775472 | CHICAGO | IL | 60677 | AUDIT WORK | $140,641 |
| FRANCIS CONSTRUCTION OF DL INC | |||||
| 25702 MUSKRAT LAKE DRIVE | DETROIT LAKES | MN | 56501 | BUILDING CONSTRUCTION | $139,013 |
| WINTHROP & WEINSTINE PA | |||||
| 225 SOUTH 6TH STREET SUITE 3500 | MINNEAPOLIS | MN | 55402 | LEGAL FEES (NMTC) | $135,326 |
| GRABOW CONSTRUCTION | |||||
| 1900 CLEAR CREEK BLVD | DETROIT LAKES | MN | 56501 | BUILDING CONSTRUCTION | $129,855 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $789,342 | GovernmentGrantsAmt |
| All Other Contributions | $402,545 | AllOtherContributionsAmt |
| Total Contributions | $1,191,887 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| NEW MARKET TAX CREDIT | 525990 | $2,025,002 | $2,025,002 |
| INTEREST INC./LOAN | 522291 | $1,451,234 | $1,451,234 |
| RENTAL INCOME | 531110 | $1,022,176 | $1,022,176 |
| LOAN FEES | 525990 | $836,584 | $836,584 |
| OTHER PROGRAM SERVICE | 531310 | $476,001 | $476,001 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $5,810,997 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $25,100 | TotalRevenueColumnAmt |
| Exclusion | $25,100 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| OTHER REVENUE | 900099 | $313,757 | $313,757 |
| GAIN FROM SUBSIDIARIES | 900003 | $226,230 | $226,230 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $539,987 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,567,971 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,350,984 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $25,100 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,213 | TotalAmt |
| Program Services | $133,213 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $676,556 | TotalAmt |
| Program Services | $506,189 | ProgramServicesAmt |
| Management And General | $151,864 | ManagementAndGeneralAmt |
| Fundraising | $18,503 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,788,275 | TotalAmt |
| Program Services | $1,394,855 | ProgramServicesAmt |
| Management And General | $304,006 | ManagementAndGeneralAmt |
| Fundraising | $89,414 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,184 | TotalAmt |
| Program Services | $72,684 | ProgramServicesAmt |
| Management And General | $15,841 | ManagementAndGeneralAmt |
| Fundraising | $4,659 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $152,889 | TotalAmt |
| Program Services | $119,254 | ProgramServicesAmt |
| Management And General | $25,991 | ManagementAndGeneralAmt |
| Fundraising | $7,644 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $154,513 | TotalAmt |
| Program Services | $120,520 | ProgramServicesAmt |
| Management And General | $26,267 | ManagementAndGeneralAmt |
| Fundraising | $7,726 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $704 | TotalAmt |
| Management And General | $704 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,810 | TotalAmt |
| Management And General | $53,810 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,797 | TotalAmt |
| Program Services | $127,526 | ProgramServicesAmt |
| Management And General | $38,593 | ManagementAndGeneralAmt |
| Fundraising | $1,678 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,910 | TotalAmt |
| Program Services | $30,634 | ProgramServicesAmt |
| Management And General | $1,276 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,028 | TotalAmt |
| Program Services | $69,743 | ProgramServicesAmt |
| Management And General | $11,624 | ManagementAndGeneralAmt |
| Fundraising | $1,661 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,279 | TotalAmt |
| Program Services | $20,760 | ProgramServicesAmt |
| Management And General | $4,993 | ManagementAndGeneralAmt |
| Fundraising | $526 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $156,081 | TotalAmt |
| Program Services | $140,473 | ProgramServicesAmt |
| Management And General | $12,486 | ManagementAndGeneralAmt |
| Fundraising | $3,122 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,765 | TotalAmt |
| Program Services | $56,695 | ProgramServicesAmt |
| Management And General | $13,635 | ManagementAndGeneralAmt |
| Fundraising | $1,435 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,614 | TotalAmt |
| Program Services | $43,145 | ProgramServicesAmt |
| Management And General | $10,377 | ManagementAndGeneralAmt |
| Fundraising | $1,092 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,878 | TotalAmt |
| Program Services | $142,878 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $392,761 | TotalAmt |
| Program Services | $337,774 | ProgramServicesAmt |
| Management And General | $54,987 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,694 | TotalAmt |
| Program Services | $60,024 | ProgramServicesAmt |
| Management And General | $5,336 | ManagementAndGeneralAmt |
| Fundraising | $1,334 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| HOUSING EXPENSES | $427,495 | $427,495 | ||
| BROKER EXPENSE | $208,514 | $208,514 | ||
| MISCELLANEOUS EXPENSE | $136,774 | $109,090 | $25,047 | $2,637 |
| PROVISION FOR LOAN LOSS | $15,000 | $15,000 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,034,734 | TotalAmt |
| Program Services | $4,136,466 | ProgramServicesAmt |
| Management And General | $756,837 | ManagementAndGeneralAmt |
| Fundraising | $141,431 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,685,583 | BOYAmt |
| EOY | $11,116,265 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $423,345 | BOYAmt |
| EOY | $184,818 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,000,259 | BOYAmt |
| EOY | $36,456,340 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,036 | BOYAmt |
| EOY | $21,104 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $12,022,106 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,604,053 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,676,156 | BOYAmt |
| EOY | $6,418,053 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,266,907 | BOYAmt |
| EOY | $9,883,171 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,841 | BOYAmt |
| EOY | $55,604 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,880,845 | BOYAmt |
| EOY | $4,161,297 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,019,972 | BOYAmt |
| EOY | $68,296,652 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,623,914 | BOYAmt |
| EOY | $1,746,459 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $340,695 | BOYAmt |
| EOY | $1,693,985 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,161,120 | BOYAmt |
| EOY | $4,848,728 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,888,125 | BOYAmt |
| EOY | $1,468,125 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,013,854 | BOYAmt |
| EOY | $9,757,297 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,825,118 | BOYAmt |
| EOY | $57,036,355 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $171,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,010,000 | BOYAmt |
| EOY | $1,503,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,006,118 | BOYAmt |
| EOY | $58,539,355 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,019,972 | BOYAmt |
| EOY | $68,296,652 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $2,533,237 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $972,439 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,861,174 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $660,685 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $802,269 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,191,887 | CurrentTaxYearAmt |
| Total | $6,488,454 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,708,686 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,645,332 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,804,866 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,590,913 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,810,997 | CurrentTaxYearAmt |
| Total | $38,560,794 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,681,125 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,506,506 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,465,551 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,393,182 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,002,884 | CurrentTaxYearAmt |
| Total | $45,049,248 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $695,572 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,315,728 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $498,498 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $578,756 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $893,076 | CurrentTaxYearAmt |
| Total | $4,981,630 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $695,572 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,315,728 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $498,498 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $578,756 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $893,076 | CurrentTaxYearAmt |
| Total | $4,981,630 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $40,067,618 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $12,625 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,732 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,661 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,423 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $25,100 | CurrentTaxYearAmt |
| Total | $69,541 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $12,625 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,732 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,661 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,423 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $25,100 | CurrentTaxYearAmt |
| Total | $69,541 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $126,876 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,576,123 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $802,031 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $526,385 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $539,987 | CurrentTaxYearAmt |
| Total | $6,571,402 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,820,626 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,092,361 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,275,243 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,933,990 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,567,971 | CurrentTaxYearAmt |
| Total | $51,690,191 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.77510 | PublicSupportCY509Pct |
| Public Support PY509 | 0.79360 | PublicSupportPY509Pct |
| Investment Income CY | 0.00130 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00100 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | GAIN ON SALE OF OTTER TAIL AG NMTC - 2014 AMOUNT: $ 2,228,472. DEBT FORGIVENESS - 2014 AMOUNT: $ 1,708,400. MISCELLANEOUS - 2013 AMOUNT: $ 105,957. 2014 AMOUNT: $ 323,433. 2015 AMOUNT: $ 5,093. 2016 AMOUNT: $ 131,795. 2017 AMOUNT: $ 313,757. GAIN/LOSS FROM SUBSIDIARIES - 2013 AMOUNT: $ 20,919. 2014 AMOUNT: $ 315,818. 2015 AMOUNT: $ 796,938. 2016 AMOUNT: $ 394,590. 2017 AMOUNT: $ 226,230. | ExplanationTxt |
Schedule B IRS990ScheduleB
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $25,872 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $25,872 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | SOME DIRECT CONTACT WITH LEGISLATORS; CONTRACT WITH A CONSULTANT WHO PERFORMS LOBBYING ON BEHALF OF THE NON-PROFIT INDUSTRY; CONTRACT WITH A CONSULTANT WHO WORKED ON A STATE NMTC PROGRAM. | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $517,198 | OtherCostOrOtherBasisAmt |
| Book Value | $517,198 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,722,885 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,736,028 | DepreciationAmt |
| Book Value | $4,986,857 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,725,940 | OtherCostOrOtherBasisAmt |
| Depreciation | $840,707 | DepreciationAmt |
| Book Value | $885,233 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $56,083 | OtherCostOrOtherBasisAmt |
| Depreciation | $27,318 | DepreciationAmt |
| Book Value | $28,765 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $6,418,053 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTNERSHIPS, PROPERTY AND SECURITIES | Desc |
| Book Value | $9,883,171 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $9,883,171 | TotalBookValueProgramRltdAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| INTEREST RECEIVABLE | $244,645 |
| ASSETS HELD FOR SALE | $1,354,014 |
| LEASES RECEIVABLE | $1,289,966 |
| OTHER RECEIVABLES (DEVELOPER FEES & TAX INCREMENT FINANCING) | $1,272,672 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $4,161,297 | TotalBookValueOtherAssetsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | TAX STATUS THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CORRESPONDING STATE TAX CODES. MMCDC IS NOT A PRIVATE FOUNDATION AND CONTRIBUTIONS TO MMCDC QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. MMCDC FILES AS A TAX EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION WOULD BE SUBJECT TO REVIEW BY THE IRS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| NORTHWEST MINNESOTA HOUSING COOPERATIVE | |||||||
| 416 KNEALE AVE S | THIEF RIVER FALLS | MN | 56701 | 411907376 | COOPERATIVE | $99,200 | MHFA FUNDS RECEIVED BY MMCDC FOR FRAZEE BUILDING PROJECTS MANAGED BY MWMN HOUSING COOP |
| DETROIT LAKES COMMUNITY & CULTURAL CENTER | |||||||
| 826 SUMMIT AVENUE | DETROIT LAKES | MN | 56501 | 411970351 | 501(C)(3) | $20,000 | OPERATING FUND |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | DOCUMENTATION IS MAINTAINED FOR THE USE OF ALL GRANT FUNDS. PROPER REVIEWS ARE PERFORMED. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KEVIN SHIPLEY | ||||||||||||||
| PRESIDENT | $245,056 | $0 | $75,000 | $0 | $24,000 | $0 | $26,000 | $0 | $0 | $0 | $370,056 | $0 | $0 | $0 |
| KEITH KICKER | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $185,000 | $0 | $68,000 | $0 | $0 | $0 | $0 | $0 | $9,213 | $0 | $262,213 | $0 | $0 | $0 |
| JULIA NELMARK | ||||||||||||||
| DIRECTOR OF NMTC FINANCING | $126,690 | $0 | $30,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $156,690 | $0 | $0 | $0 |
| ARLEN KANGAS | ||||||||||||||
| CHIEF ECONOMIST | $105,004 | $0 | $100,000 | $0 | $0 | $0 | $0 | $0 | $21,053 | $0 | $226,057 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | IN 2014, THE ORGANIZATION ENTERED INTO A DEFERRED COMPENSATION AGREEMENT TO PAY COMPENSATION TO KEVIN SHIPLEY IN THE AMOUNT OF $26K FOR THE 457(F) PLAN AND $24K FOR THE 457(B) PLAN, TOTALING $50K PER YEAR UNTIL THE EXECUTIVE'S SEPARATION FROM SERVICE. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE BOARD OF DIRECTORS HAS AN EXECUTIVE COMMITTEE CONSISTING ENTIRELY OF VOTING MEMBERS OF THE BOARD. DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE POSSESSES AND MAY EXERCISE ALL THE POWERS OF THE BOARD OF DIRECTORS IN ALL CASES IN WHICH SPECIFIC DIRECTION HAS NOT BEEN GIVEN BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 6 | ANY NATURAL PERSON IS ELIGIBLE FOR MEMBERSHIP IN THE CORPORATION IF (1) THEY ARE A RESIDENT OF THE IMPACT AREA, (2) THEY ARE OF THE AGE OF EIGHTEEN YEARS OR OLDER, (3) THEY INDICATE AN INTEREST AND DESIRE IN BECOMING A MEMBER BY SIGNING AND RETURNING TO THE SECRETARY OF THE ORGANIZATION A MEMBERSHIP APPLICATION FORM WHICH SPECIFIES THEIR RESIDENCE, AND (4) THEY CERTIFY ANNUALLY ON A FORM TO BE SENT TO THEIR LAST ADDRESS THAT THEY STILL DESIRE TO MAINTAIN THEIR MEMBERSHIP IN MMCDC. PAYMENT OF A REASONABLE MEMBERSHIP FEE IS REQUIRED AT INCEPTION OF MEMBERSHIP. THERE IS NO DIFFERENCE IN CLASSES OF MEMBERS; ALL MEMBERS ARE EQUIVALENT. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S BOARD OF DIRECTORS ARE APPOINTED BY A MAJORITY VOTE OF THE MEMBERS. ADDITIONALLY, ONE OF THESE BOARD MEMBER MUST BE APPROVED BY THE WHITE EARTH RESERVATION TRIBAL COUNCIL. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE ORGANIZATION'S MEMBERS MUST APPROVE AMMENDMENTS TO THE ARTICLES OF INCORPORATION AND THE BOARD OF DIRECTORS APPROVE AMMENDMENTS TO THE BYLAWS OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD OF DIRECTORS REVIEWED THE FORM 990 BEFORE IT WAS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND STAFF ARE REQUIRED TO ATTEST ANNUALLY TO THEIR FAMILIARITY WITH MMCDC'S CONFLICT OF INTEREST POLICY. A CONFLICT OF INTEREST QUESTIONNAIRE IS REQUIRED TO BE COMPLETED ANNUALLY. ANY BUSINESS AND PROFESSIONAL ACTIVITIES IN WHICH THE INDIVIDUAL, OR A FAMILY MEMBER, IS ASSOCIATED WITH IS DISCLOSED. IF ANY CONFLICT OF INTEREST HAS OCCURRED IT IS TO BE NOTED AND DESCRIBED ON THE QUESTIONNAIRE. MMCDC'S VP/ADMINISTRATION ASSURES QUESTIONNAIRES ARE COMPLETED BY ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND STAFF. THE PRESIDENT OF MMCDC MAKES THE DETERMINATION OF WHETHER A CONFLICT EXISTS, WITH INPUT FROM OTHER MMCDC MANAGEMENT STAFF. IF A CONFLICT EXISTS, RESTRICTIONS MAY INCLUDE MAKING SURE THAT THAT INDIVIDUAL, IF A BOARD MEMBER, ABSTAINS ON VOTES WHICH CONCERN THE CONFLICT. INDIVIDUALS MAY ALSO BE ASKED TO NOT BE PRESENT DURING CERTAIN DISCUSSIONS OR PRESENTATIONS. FAILURE TO DISCLOSE CONFLICTS IS GROUNDS FOR TERMINATION OF A DIRECTOR OR COMMITTEE MEMBER, AND DISCIPLINE OR TERMINATION OF A STAFF PERSON. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PERSONNEL COMMITTEE, COMPRISED OF SEVERAL BOARD MEMBERS, DETERMINES COMPENSATION FOR THE PRESIDENT. THE PRESIDENT, WITH REVIEW BY THE PERSONNEL COMMITTEE, DETERMINES COMPENSATION FOR OTHER OFFICERS AND STAFF. THE PROCESS WAS LAST PERFORMED IN 2017. THE ORGANIZATION HAS REVIEWED DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS WHEN DETERMINING COMPENSATION LEVELS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|
| ZEPHYR ESTATES | |||||||||
| 119 GRAYSTONE PLAZA | DETROIT LAKES | MN | 56501 | 416164697 | RESIDENTIAL RENTAL | MN | $32,971 | $185,526 | N/A |
| ELEVENTH AVENUE APARTMENTS | |||||||||
| 119 GRAYSTONE PLAZA | DETROIT LAKES | MN | 56501 | 411731046 | RESIDENTIAL RENTAL | MN | $112,262 | $338,728 | N/A |
| BARBARA AVENUE APARTMENTS | |||||||||
| 119 GRAYSTONE PLAZA | DETROIT LAKES | MN | 56501 | 411797905 | RESIDENTIAL RENTAL | MN | $77,785 | $184,119 | N/A |
| EASTSIDE PARTNERS | |||||||||
| 119 GRAYSTONE PLAZA | DETROIT LAKES | MN | 56501 | 450435687 | RESIDENTIAL RENTAL | MN | $60,002 | $104,625 | N/A |
| MEADOW RUN APARTMENTS | |||||||||
| 119 GRAYSTONE PLAZA | DETROIT LAKES | MN | 56501 | 411825316 | RESIDENTIAL RENTAL | MN | $79,074 | $204,126 | N/A |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WHITE EARTH INVESTMENT INITIATIVE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 407 EAST MAIN STREET | AddressLine1Txt |
| City | OGEMA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56569 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010732253 | EIN |
| Primary Activities | COMMUNITY, ECONOMIC, AND HOUSING DEVELOPMENT | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 7 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MMCDC BLACKDUCK LP | ||||||||||||||
| 119 GRAYSTONE PLAZA | DETROIT LAKES | MN | 56501 | 204703096 | RESIDENTIAL RENTAL | MN | BLACKDUCK TOWNHOMES LLC | RELATED | -$10 | $172 | 0 | Yes (1) | 0.00010 | |
| GRAYSTONE ANNEX LP | ||||||||||||||
| 119 GRAYSTONE PLAZA | DETROIT LAKES | MN | 56501 | 412012930 | RESIDENTIAL RENTAL | MN | RELATED | -$6 | $160 | 0 | Yes (1) | 0.00010 | N/A | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CDC BANCSHARES | |||||||||||||
| 516 MAIN STREET | OGEMA | MN | 56569 | 412004916 | BANK HOLDING COMPANY | MN | N/A | C | $348,427 | $12,776,301 | 0.61330 | Yes (1) | |
| COMMUNITY DEVELOPMENT BANK FSB | |||||||||||||
| 516 MAIN STREET | OGEMA | MN | 56569 | 410455130 | SAVINGS BANK | MN | C | $2,704,337 | $105,794,511 | 0.61330 | Yes (1) | CDC BANCSHARES | |
| COMMUNITY DEVELOPMENT INSURANCE SERVICES LLC | |||||||||||||
| 516 MAIN STREET | OGEMA | MN | 56569 | 205313010 | INSURANCE AGENCY | MN | C | $167,946 | $216,272 | 0.61330 | Yes (1) | CDC BANCSHARES | |
| BLACKDUCK TOWNHOMES LLC | |||||||||||||
| 119 GRAYSTONE PLAZA | DETROIT LAKES | MN | 56501 | 262177359 | RESIDENTIAL RENTAL | MN | N/A | C | -$10 | $87,387 | 1.00000 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (1) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMMUNITY DEVELOPMENT BANK FSB | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | A | TransactionTypeTxt |
| Involved | $38,400 | InvolvedAmt |
| Method Of Amount Determination | SIGNED CONTRACT | MethodOfAmountDeterminationTxt |