Comfrey Development Group INC Comfrey Development Group INC FY2022 filing

Not tax-deductible

Comfrey, MN501(c)(4)Since 1977EIN 41-1276902Revenue $106K in FY2022

On file with the IRSPo Box 56, 56019-0056 · Comfrey, MNTax-exempt since Apr 1977

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Provide affordable housing

$8K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $753 a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$8K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$57K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$106K
+1% vs prior year
Spent
$107K
To programs
0%
Net assets
$482K
By yearFY2020–FY2025
Revenue
$106K
FY2022▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$108K
FY2021$105K
FY2022$106K
FY2023$188K
FY2024$155K
FY2025$98K
Expenses
$107K
FY2022▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$107K
FY2021$105K
FY2022$107K
FY2023$186K
FY2024$148K
FY2025$112K
Net assets
$482K
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$527K
FY2021$531K
FY2022$482K
FY2023$456K
FY2024$430K
FY2025$403K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1977.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $107K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $8K paid to officers and key staff.

Part VII, Section A · reportable compensation
$8,400Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Gail Lingbeek$8,400$8,400$8,400$8,400$8,400$8,400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Comfrey Development Group INC Comfrey Development Group INC is a membership association based in Comfrey, MN, formed in 1977.

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Provided by the organization

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3 programs · in their own filed words · FY2022
01

Our mission is to have apartments for rent in Comfrey with affordable rents.

Pt IX · col B
02

No services

Pt IX · col B
03

No services

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$106K
Ln 12
Other incomeLn 4–11$106K
Money outPt IX
$107K
Ln 25
Managementcol C$107K
Owns and owesPt X
$482K
net assets · Ln 32
Cash and savingsLn 1–2$91K
Total assetsLn 16$540K
LiabilitiesLn 26$57K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$106K
Total revenueLn 12$106K
Assets in detailPt X, end of year
CashLn 1$798
SavingsLn 2$90K
Cash and savings togetherLn 1–2$91K
Land, buildings, equipmentLn 10c$449K
Total assetsLn 16$540K
LiabilitiesLn 26$57K
Net assetsLn 32$482K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$95K$91K
Land, buildings, equipmentLn 10c$501K$449K
Total assetsLn 16$595K$540K
LiabilitiesLn 26$65K$57K
Net assetsLn 32$531K$482K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$8K$8K
Other salaries and wagesLn 7$5K$5K
Payroll taxesLn 10$1K$1K
Legal feesLn 11b$23$23
Advertising and promotionLn 12$0$0
Office expensesLn 13$1K$1K
InsuranceLn 23$10K$10K
All other expensesLn 24e$81K$81K
Total functional expensesLn 25$107K$0$107K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $98K$112K−$13K$403K 990 PDF
FY2024 $155K$148K$7K$430K 990 PDF
FY2023 $188K$186K$2K$456K 990 PDF
FY2022 Viewing $106K$107K−$340$482K 990 PDF
FY2021 $105K$105K−$552$531K 990 PDF
FY2020 $108K$107K$647$527K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $106,311 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $104,810$106,311
I-12 Total revenuePrior year $104,810$106,311
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $14,954$14,937
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $90,408$91,714
I-18 Total expensesPrior year $105,362$106,651
I-19 Revenue less expensesPrior year −$552−$340
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $106,311 across 3 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $106,311$106,311
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $106,311$106,311
Part IX · Statement of functional expenses $106,651 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffManagement $8,400$8,400
IX-7 Other salaries and wagesManagement $5,400$5,400
IX-10 Payroll taxesManagement $1,137$1,137
IX-11b Legal feesManagement $23$23
IX-12 Advertising and promotionManagement $0$0
IX-13 Office expensesManagement $1,157$1,157
IX-23 InsuranceManagement $9,897$9,897
IX-24e All other expensesManagement $80,637$80,637
IX-25 Total functional expensesPrograms $0 · Management $106,651 · Fundraising $0$106,651
Part X · Balance sheet $539,789 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,138$798
X-2 Savings and temporary cash investmentsStart of year $93,421$89,715
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $500,584$449,276
X-16 Total assetsStart of year $595,143$539,789
X-17 Accounts payable and accrued expensesStart of year $8,159$8,330
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $64,555$57,393
X-32 Total net assets or fund balancesStart of year $530,588$482,396
X-33 Total liabilities and net assetsStart of year $595,143$539,789
Part XI · Reconciliation of net assets $482,396 net assets at year end
XI-1 Total revenue$106,311
XI-2 Total expenses$106,651
XI-3 Revenue less expenses−$340
XI-4 Net assets at start of year$530,588
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$47,852
XI-10 Net assets at end of year$482,396

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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