Corcoran Neighborhood Organization
- Assets
- $472.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Minneapolis, MN
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 41-1535894
Organization Overview
Corcoran Neighborhood Organization is located in Minneapolis, MN. The organization was established in 1997. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Corcoran Neighborhood Organization employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corcoran Neighborhood Organization 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, Corcoran Neighborhood Organization generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 18.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE UNITE NEIGHBORS TO STRENGTHEN OUR COMMUNITY CNO IS A NON-PARTISAN INFORMATION SOURCE, SPOKESPERSON, AND ADVOCATE FOR THE COMMUNITY ON CIVIC AFFAIRS AND STRIVES TO ENGAGE COMMUNITY MEMBERS ON ISSUES THAT MAY HAVE A POSITIVE OR NEGATIVE IMPACT ON THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MIDTOWN FARMERS MARKET DREW OVER 61,000 PEOPLE THROUGHOUT THE SEASON. MORE THAN 8,400 NEWSPAPERS WENT OUT TO THE CORCORAN RESIDENTS AND LOCAL BUSINESSES. LAND USE AND HOUSING CONTINUES TO PARTNER WITH HENNEPIN COUNTY ON SHAPING THE 6.5 ACRE MIXED USE DEVELOPMENT AT LAKE/ MIDTOWN LIGHT RAIL STATION. ECONOMIC DEVELOPMENT CONTINUES TO SUPPORT AND DEVELOP IN PARTNERSHIP WITH BUSINESS TO PROVIDE RESOURCES AND TECHNICAL SUPPORT TO OVER A DOZEN LOCAL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia D Smith Executive Director | Officer | 40 | $87,845 |
Matt Kazinka Treasurer | OfficerTrustee | 3 | $0 |
Chloe Jackson Chair | OfficerTrustee | 3 | $0 |
Ellie Watkins Secretary | OfficerTrustee | 3 | $0 |
Kelly Savage Board Member | Trustee | 3 | $0 |
Kevin Kirsch Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $922,361 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,936 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,100,297 |
| Total Program Service Revenue | $84,559 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,650 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,203,506 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,775 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,845 |
| Compensation of current officers, directors, key employees. | $35,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,381 |
| Payroll taxes | $12,449 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $681,967 |
| Advertising and promotion | $0 |
| Office expenses | $556 |
| Information technology | $4,829 |
| Royalties | $0 |
| Occupancy | $29,240 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,094 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,278 |
| Insurance | $5,537 |
| All other expenses | $4,145 |
| Total functional expenses | $1,040,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323,857 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $147,364 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $472,575 |
| Accounts payable and accrued expenses | $7,832 |
| Grants payable | $0 |
| Deferred revenue | $59,256 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $67,088 |
| Net assets without donor restrictions | $205,126 |
| Net assets with donor restrictions | $200,361 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $472,575 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Corcoran Neighborhood Organization has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT, AND PROJECT SUPPORT FOR THE PUBLIC ART PROJECT | $60,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT, AND PROJECT SUPPORT FOR THE PUBLIC ART PROJECT | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
Minnesota Home Ownership Center St Paul, MN | $17,549,875 | $3,064,242 |
Land Bank Twin Cities Inc St Anthony, MN | $25,684,992 | $6,229,470 |
Housing Resources Inc Milwaukee, WI | $1,278,452 | $4,218,125 |
Greater Green Bay Habitat For Humanity Green Bay, WI | $9,776,168 | $3,142,134 |
American Indian Community Housing Organization Duluth, MN | $7,296,736 | $3,254,073 |
Successful Living Supportive Housing Program Iowa City, IA | $3,127,012 | $2,854,795 |
World Learner School Of Chaska Chaska, MN | $2,061,201 | $2,337,089 |
Wisconsin Balance Of State Continuum Of Care Inc Eau Claire, WI | $302,883 | $2,354,061 |
Mano A Mano International Partners St Paul, MN | $4,322,951 | $3,022,158 |