Mission
TO EXTEND LOANS TO BUSINESSES THAT HAVE DIFFICULTY SECURING CONVENTIONAL FINANCING, OR TO EXTEND LOANS TO ASSIST MINORITY BUSINESSES.
Small Public Charity
GREATER MINNESOTA COMMUNITY DEVELOPMENT CORPORATION
GREATER MINNESOTA COMMUNITY DEVELOPMENT CORPORATION is a Small Public Charity headquartered in BADGER, MN. Financial data from the 2024 filing: $852 revenue, $905 expenses, $104K total assets.
EIN: 200963134
BADGER, MN
Urban & Community Economic Development
NTEE: S31
Latest filing: 2024
Total Revenue$852
Total Expenses$905
Total Assets$104K
Grant Records0
Filing Years2019–2024
Where $100 goes at Greater Minnesota Community Development Corporation
How Greater Minnesota Community Development Corporation divides every $100 it spends, from its own Form 990-EZ filings, averaged across 7 years.
$95
Programs
the work itself
$5
Everything else
operations and overhead
Form 990-EZ reports program spending but doesn't separate management from fundraising, so those are shown together.
Inside the $95 for programs
$95
Making and servicing low interest loans to small businesses
Source: Form 990-EZ 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
DIRECTOR
Colleen Lorenson
EXECUTIVE DIRECTOR
Diane Hayes
CHAIRMAN
Jenny Moorman
SECRETARY/TREASURER
John Wynne
DIRECTOR
Orvis Haugen
DIRECTOR
Sharon Milner
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $852 | $905 | $104K |
| 2023 | $3K | $854 | $79K |
| 2022 | $838 | $129 | $77K |
| 2020 | $565 | $780 | $104K |
| 2019 | $1K | $884 | $104K |
Between 2019 and 2024, reported annual revenue declined from $1K to $852 (-41%), with total assets most recently reported at $104K.
Interactive year-over-year charts and full filing details available with membership.