Public Charity

MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION

Based in DETROIT LAKES, MN, MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION operates as a Public Charity. The organization reported $25.3M in revenue, $16.6M in expenses, $105.4M in total assets for fiscal year 2024. Imperigo tracks 24 reported grant relationships connected to this organization totaling approximately $5.8M.

EIN: 410972298 DETROIT LAKES, MN Business & Industry NTEE: S40 Latest filing: 2024
Total Revenue$25.3M
Total Expenses$16.6M
Total Assets$105.4M
Grant Records24
Funding Total$5.8M
Filing Years2019–2024

Mission

THE MISSION OF MMCDC IS TO ASSIST COMMUNITIES AND INDIVIDUALS ACHIEVE A BETTER QUALITY OF LIFE.

Where $100 goes at Midwest Minnesota Community Development Corporation

How Midwest Minnesota Community Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$84 Programs the work itself
$13 Management running the organization
$3 Fundraising raising the next dollar

Inside the $84 for programs

$63
Affordable housing lending
76% of program spending · Reported in the filing: 160 loans
$9
Business development
10% of program spending · Reported in the filing: 18 jobs
$6
Affordable housing development
7% of program spending · Reported in the filing: 278 units; 59 people

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

SECRETARY Breanna Adams
CHAIR Gary Thibert
DEVELOPMENT OFFICER Jamie Marks Erickson
TREASURER Jeff Haukebo
DIRECTOR Jim Dagg
PRESIDENT Julia Nelmark

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$4,624,095 12 grants
Civil Rights & Social Justice
$250,000 1 grant
Economic Development
$40,000 2 grants
Unspecified
$880,018 9 grants

Financial Trends

Year Revenue Expenses Assets
2024 $25.3M $16.6M $105.4M
2023 $6.7M $5.1M $81.4M
2022 $6.3M $5.4M $79.3M
2020 $8.6M $5.8M $76.7M
2019 $9.8M $6.9M $74.3M

Between 2019 and 2024, reported annual revenue grew from $9.8M to $25.3M (+158%), with total assets most recently reported at $105.4M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION

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