Park River Community Development Corp

Organization Overview

Park River Community Development Corp is located in Park River, ND. As of 12/2023, Park River Community Development Corp employed 2 individuals. Park River Community Development Corp 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 12/2023, Park River Community Development Corp generated $141.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $115.8k during the year ending 12/2023. While expenses have increased by 11.4% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

DEVELOP SELL AND RENT COMMERCIAL BUILDINGS IN THE COMMUNITY TO PROMOTE ECONOMIC DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO OPERATE A LOCAL THEATER TO ENHANCE THE BUSINESS COMMUNITY.


DEVELOP, SELL AND RENT COMMERCIAL BUILDINGS IN COMMUNITY TO PROMOTE ECONOMIC DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Laurelyn Larson
Vice President
$0
Nancy Thompson
Secretary
$0
Allison Olimb
President
$0
Steve Rehovsky
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $27,500
All other contributions, gifts, grants, and similar amounts not included above$3,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$31,000
Total Program Service Revenue$45,321
Investment income $7
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $36,658
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $27,985
Miscellaneous Revenue$0
Total Revenue $140,971

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