Comfrey Development Group INC Comfrey Development Group INC FY2023 filing

Not tax-deductible

Comfrey, MN501(c)(4)Since 1977EIN 41-1276902Revenue $188K in FY2023

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

FY2023 · 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 · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$51K
10% of total assets
Looks good: liabilities are 10% 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
$188K
+77% vs prior year
Spent
$186K
To programs
0%
Net assets
$456K
By yearFY2020–FY2025
Revenue
$188K
FY2023▲ +77%
Tap a bar for its year
Revenue by fiscal year
FY2020$108K
FY2021$105K
FY2022$106K
FY2023$188K
FY2024$155K
FY2025$98K
Expenses
$186K
FY2023▲ +74%
Tap a bar for its year
Expenses by fiscal year
FY2020$107K
FY2021$105K
FY2022$107K
FY2023$186K
FY2024$148K
FY2025$112K
Net assets
$456K
FY2023▼ -5%
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 FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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% · $186K

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 · FY2023
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 FY2023 990, line by line.

1The main four
Money inPt VIII
$188K
Ln 12
Other incomeLn 4–11$188K
Money outPt IX
$186K
Ln 25
Managementcol C$186K
Owns and owesPt X
$456K
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$508K
LiabilitiesLn 26$51K
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$188K
Total revenueLn 12$188K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$13K
Cash and savings togetherLn 1–2$16K
Land, buildings, equipmentLn 10c$492K
Total assetsLn 16$508K
LiabilitiesLn 26$51K
Net assetsLn 32$456K
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 FY23End FY23
Cash and savingsLn 1–2$91K$16K
Land, buildings, equipmentLn 10c$449K$492K
Total assetsLn 16$540K$508K
LiabilitiesLn 26$57K$51K
Net assetsLn 32$482K$456K
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
Accounting feesLn 11c$0$0
Advertising and promotionLn 12$144$144
Office expensesLn 13$2K$2K
InterestLn 20$0
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$158K$0$158K$0
All other expensesLn 24e$0$0$0
Total functional expensesLn 25$186K$0$186K$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 Viewing $188K$186K$2K$456K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $187,916 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 $106,311$187,916
I-12 Total revenuePrior year $106,311$187,916
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 $14,937$14,952
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $91,714$170,893
I-18 Total expensesPrior year $106,651$185,845
I-19 Revenue less expensesPrior year −$340$2,071
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 $187,916 across 5 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $187,916 · Unrelated business $0 · Excluded from tax $0$187,916
VIII-12 Total revenueRelated to mission $187,916 · Unrelated business $0 · Excluded from tax $0$187,916
Part IX · Statement of functional expenses $185,845 across 15 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 $1,152$1,152
IX-11b Legal feesManagement $23$23
IX-11c Accounting feesManagement $0$0
IX-12 Advertising and promotionManagement $144$144
IX-13 Office expensesManagement $1,608$1,608
IX-20 Interest$0
IX-23 InsuranceManagement $10,630$10,630
IX-24 Other expenses (24a–d)Programs $0 · Management $158,488 · Fundraising $0$158,488
IX-24e All other expensesPrograms $0 · Management $0$0
IX-25 Total functional expensesPrograms $0 · Management $185,845 · Fundraising $0$185,845
Part X · Balance sheet $507,796 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $798$2,869
X-2 Savings and temporary cash investmentsStart of year $89,715$12,636
X-3 Pledges and grants receivableStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $449,276$492,291
X-16 Total assetsStart of year $539,789$507,796
X-17 Accounts payable and accrued expensesStart of year $8,330$9,826
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $57,393$51,487
X-32 Total net assets or fund balancesStart of year $482,396$456,309
X-33 Total liabilities and net assetsStart of year $539,789$507,796
Part XI · Reconciliation of net assets $456,309 net assets at year end
XI-1 Total revenue$187,916
XI-2 Total expenses$185,845
XI-3 Revenue less expenses$2,071
XI-4 Net assets at start of year$482,396
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−$28,158
XI-10 Net assets at end of year$456,309

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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