Jamestown Stutsman Development Corporation
- Assets
- $14.8m
- Revenue
- $2.0m
- Investments
- $6.8m
- Employees
- 4
- Location
- Jamestown, ND
- Founding
- 10/1992
- Data as of
- 12/2021
- EIN
- 45-0424540
Organization Overview
Jamestown Stutsman Development Corporation is located in Jamestown, ND. The organization was established in 1992. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Jamestown Stutsman Development Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jamestown Stutsman Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Jamestown Stutsman Development Corporation generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Jamestown Stutsman Development Corporation has awarded 17 individual grants totaling $847,188. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATTRACT NEW BUSINESS AND INDUSTRY AND SUPPORT EXISTING BUSINESS AND INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlee Siewert President | Officer | 1 | $0 |
Tory Hart Vice President | Officer | 1 | $0 |
Kelly Rachel Past President | Officer | 1 | $0 |
Nick Schauer Secretary- Treasuer | Officer | 1 | $0 |
Steve Chichos Director | Trustee | 1 | $0 |
Tom Silbernagel Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Border States Paving Asphalt Paving Services | 12/30/19 | $803,384 |
Interstate Engineering Engineering Services | 12/30/19 | $161,196 |
Strata Corporation Aggregate & Concrete Services | 12/30/19 | $132,109 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,627,446 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,627,446 |
| Total Program Service Revenue | $12,792 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $82,327 |
| Net Gain/Loss on Asset Sales | -$28 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,044,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $700,685 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,206 |
| Compensation of current officers, directors, key employees. | $26,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,339 |
| Pension plan accruals and contributions | $11,932 |
| Other employee benefits | $32,119 |
| Payroll taxes | $17,710 |
| Fees for services: Management | $1,506 |
| Fees for services: Legal | $5,765 |
| Fees for services: Accounting | $14,624 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,359 |
| Office expenses | $1,769 |
| Information technology | $5,106 |
| Royalties | $0 |
| Occupancy | $33,776 |
| Travel | $558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,841 |
| Interest | $3,046 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,182 |
| Insurance | $2,416 |
| All other expenses | $9,447 |
| Total functional expenses | $1,279,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $920,466 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $183,016 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,342,398 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,066 |
| Net Land, buildings, and equipment | $3,516,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,838,241 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,818,717 |
| Accounts payable and accrued expenses | $264,499 |
| Grants payable | $0 |
| Deferred revenue | $177,506 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,219,148 |
| 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 | $97,926 |
| Total liabilities | $6,759,079 |
| Net assets without donor restrictions | $7,469,039 |
| Net assets with donor restrictions | $590,599 |
| 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 | $14,818,717 |
Grants Awarded
Over the last fiscal year, Jamestown Stutsman Development Corporation has awarded $111,458 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Jamestown, ND PURPOSE: ECONOMIC DEVELOPMENT | $75,000 |
SOUTH CENTRAL DAKOTA REGIONAL COUNCIL PURPOSE: ECONOMIC DEVELOPMENT | $36,458 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Homestead At Rochester Inc Eden Prairie, MN | $84,661,096 | $19,652,604 |
Jeremiah Program Minneapolis, MN | $39,745,824 | $13,376,447 |
Community Housing Resources Minneapolis, MN | $41,679,341 | $15,920,162 |
Home And Community Options Inc Winona, MN | $11,542,509 | $9,788,629 |
Phm New Richmond Senior Housing Inc Roseville, MN | $18,158,628 | $8,376,438 |
Greater Minnesota Housing Fund St Paul, MN | $209,115,546 | $19,170,053 |
American Indian Community Development Corporation Minneapolis, MN | $37,892,319 | $10,832,403 |
Phw Menomonee Falls Inc Roseville, MN | $45,125,918 | $7,810,658 |
Residential Support Services Billings, MT | $5,433,049 | $8,172,054 |
Housing Alternatives Development Company Deephaven, MN | $21,981,547 | $6,818,305 |
Riverton Community Housing Minneapolis, MN | $52,152,152 | $6,167,785 |