Public Charity

Region V Community Development Corporation

Based in Fargo, ND, Region V Community Development Corporation operates as a Public Charity. The organization reported $658K in revenue, $844K in expenses, $8.8M in total assets for fiscal year 2024.

EIN: 450435966 Fargo, ND Community Improvement & Capacity Building N.E.C. NTEE: S99 Latest filing: 2024
Total Revenue$658K
Total Expenses$844K
Total Assets$8.8M
Grant Records0
Filing Years2019–2024

Mission

The Region V Community Development Corporation has a principal purpose of planning, developing, owning, and managing affordable housing projects in southeastern North Dakota. These projects benefit lower income households, which are households with an annual income that does not exceed 80 percent of the county median income level.

Where $100 goes at Region V Community Development Corporation

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

$89 Programs the work itself
$11 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $89 for programs

$89
The Region V Community Development Corporation (RVCDC "the Corporation") has a principal purpose of planning, developing, owning, and managing affordable housing projects in southeastern North Dakota
All program spending · Reported in the filing: 100 units of affordable
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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

Executive Director Brandon Kjelden
Vice President Cheri Jahner
Director (As of Mar 24) Mitch Calkins
President Raymon Nelson
Director Sheryl Dagman
Secretary/Treasurer Vicki Groven

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $658K $844K $8.8M
2023 $664K $511K $8.4M
2022 $573K $438K $7.2M
2020 $535K $478K $6.6M
2019 $497K $707K $6.5M

Between 2019 and 2024, reported annual revenue grew from $497K to $658K (+32%), with total assets most recently reported at $8.8M.

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

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