Greater Minnesota Community Development Corporation
- Assets
- $76.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Badger, MN
- Founding
- 12/2005
- Data as of
- 12/2021
- EIN
- 20-0963134
Organization Overview
Greater Minnesota Community Development Corporation is located in Badger, MN. The organization was established in 2005. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Minnesota Community Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Greater Minnesota Community Development Corporation generated $8.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $4.7k during the year ending 12/2021. While expenses have increased by 28.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MAKING AND SERVICING LOW INTEREST LOANS TO SMALL BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ardell Larson Director | 0.25 | $0 | |
Lynne Anderson Director | 0.25 | $0 | |
Pamela Lovejoy Director | 0.25 | $0 | |
Leon Olson Director | 0.25 | $0 | |
Sharon Bring Director | 0.25 | $0 | |
Orvis Haugen Vice-Chairperson | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,433 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $8,435 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,718 |
| Total expenses | $4,718 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,628 |
| Other assets | $0 |
| Total assets | $76,125 |
| Total liabilities | $0 |
| Net assets or fund balances | $76,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |
Watertown Development Company Watertown, SD | $26,777,594 | $1,539,881 |
Destination Medical Center Corporation Rochester, MN | $379,838 | $2,053,572 |
Northwest Side Community Development Corporation Milwaukee, WI | $11,140,702 | $4,254,876 |
Northside Economic Opportunity Network Minneapolis, MN | $8,534,205 | $5,326,140 |
Greater Fargo Moorhead Economic Development Corporation Fargo, ND | $1,995,409 | $1,379,514 |
Pottawattamie County Development Corporation Council Bluffs, IA | $7,450,789 | $1,451,387 |
Newbo City Market Cedar Rapids, IA | $2,228,131 | $819,874 |
Northspan Group Incorporated Duluth, MN | $484,560 | $824,081 |
Ocdc Inc Orange City, IA | $11,104,202 | $1,328,566 |
West Broadway Area Coalition Minneapolis, MN | $5,268,017 | $711,000 |