Greater Minnesota Community Development Corporation
- Assets
- $76.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Badger, MN
- Founding
- 12/2005
- Data as of
- 12/2022
- 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 12/2022, Greater Minnesota Community Development Corporation generated $838.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $129.0 during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.8%) per year over the past 8 years. 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
2022
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 | |
Kathleen Bernstrom Chairperson | 0.25 | $0 | |
Leon Olson Director | 0.25 | $0 | |
Sharon Bring Director | 0.25 | $0 | |
Edward Arnesen Director | 0.25 | $0 | |
Pamela Lovejoy Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $838 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $838 |
| 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 | $129 |
| Total expenses | $129 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,101 |
| Other assets | $0 |
| Total assets | $76,834 |
| Total liabilities | $0 |
| Net assets or fund balances | $76,834 |