Central Nodak Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 45-0343520)

Revenue by fiscal year
FY2020	$258K
FY2021	$246K
FY2022	$267K
FY2023	$272K
FY2024	$272K
FY2025	$204K

Expenses by fiscal year
FY2020	$226K
FY2021	$202K
FY2022	$207K
FY2023	$235K
FY2024	$205K
FY2025	$174K

Net assets by fiscal year
FY2020	$78K
FY2021	$122K
FY2022	$182K
FY2023	$219K
FY2024	$286K
FY2025	$316K

Central Nodak Development Corporation Form 990 (PDF) Claim this org

Form 990 (PDF) Claim this org

Status and standing

Is it real, and can you give to it?

Tax-deductible?

Yes

Per the IRS master file.

Can I give now?

No revocation on IRS record

Not on the IRS revocation list.

Filing up to date?

Filed FY2025 (typical filing lag)

Legal name (IRS)Hdr · item CCentral Nodak Development Corporation

EINHdr · item D45-0343520

Exempt statusHdr · item I501(c)(3) · active

Ruling yearIRS BMFJan 1978

Latest filingForm 990FY2025 · Form 990

Principal addressHdr · item CBismarck, ND

NTEE classificationIRS BMFCommunity Development (S50Z)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

90%

Program services $0.90 Management & general $0.10

Program services90%$157K

Management & general10%$17K

Total functional expensesLn 25$174K

Financial health

Is it on solid ground?

Program efficiency

90%

of spending reaches programs▼ -3% vs prior filing year

Operating runway

10.2mo

months of highly liquid reserves at operating expense rate▲ +59% vs prior filing year

Surplus margin

+14%

revenue over expenses, this year▼ -41% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990

Total assets

$325K

FY2025▲ +9%

Total assets by fiscal year
FY2020	$419K
FY2021	$390K
FY2022	$370K
FY2023	$323K
FY2024	$297K
FY2025	$325K

Total liabilities

$10K

FY2025▼ -12%

Total liabilities by fiscal year
FY2020	$341K
FY2021	$268K
FY2022	$187K
FY2023	$104K
FY2024	$11K
FY2025	$10K

Revenue less expensesPt I · Ln 19$30K

Total assetsPt X · Ln 16$325K

Program-expense ratioPt IX · col B90%

Voting members of governing bodyPt I · Ln 39

Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year

CashLn 1$148K

Total assetsLn 16$325K

Total liabilitiesLn 26$10K

Total net assetsLn 32$316K

Months of cash on handcomputed10.2

Statement of Revenue

Part VIII

Program service revenue$121K · 59%

Contributions & grants$84K · 41%

Program service revenue59%$121K

Contributions & grants41%$84K

— government grantsLn 1e$84K

Total revenueLn 12$204K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $148K · Operating expenses/yr $174K

10.2 months

Where the money goes

Program services

Program services $157K · Total expenses $174K

90%

Management & General

Management & general $17K · Total expenses $174K

10%

Fundraising

Fundraising $0 · Total expenses $174K

Cost to raise $1

Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $84K · Total revenue $204K

41%

Government reliance

Government grants $84K · Total revenue $204K

41%

Earned-income share

Program service revenue $121K · Total revenue $204K

59%

Investment reliance

Investment income −$787 · Total revenue $204K

-0.4%

Program self-sufficiency

Program service revenue $121K · Total expenses $174K

69%

Growth & trend

Revenue growth (YoY)

This year $204K · Prior year $272K

-25%

Revenue CAGR

FY2019 $258K · FY2024 $204K

-5%

Net-asset trend (YoY)

End of year $316K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $204K · Expenses $174K

+14%

Liabilities-to-Assets

Total liabilities — · Total assets $325K

—

Net-asset ratio

Net assets $316K · Total assets $325K

97%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $325K

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual John Lundby · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $174K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $174K

—

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Program ratio	90%	—	—
Overhead ratio	10%	—	—
Fundraising cost ratio	0%	—	—
Revenue growth	-25%	—	—
Accounting fee ratio	8%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

John Lundby

Director

$0Pt VII · Sec A

Andrew Engelman

President

$0Pt VII · Sec A

Nicole Lautenschlager

Secretary/Treasurer

$0Pt VII · Sec A

Joy Wezelman

Director

$0Pt VII · Sec A

Sheldon Himmelspach

Director

$0Pt VII · Sec A

Jason Schmidt

Director

$0Pt VII · Sec A

Lisa Meier

Director

$0Pt VII · Sec A

Jennifer Krause

Director

$0Pt VII · Sec A

See Central Nodak Development Corporation executive salaries →

Are you one of these people? Claim this org to confirm your role

Governance & Policies

Part VI

9Voting board membersPt VI · Ln 1a
9Independent board membersPt VI · Ln 1b
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
Top official’s pay independently reviewedPt VI · Ln 15aYes
Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides property and equipment rentals to support individuals with mental disabilities.

Provided by the organization

This section is blank until Central Nodak Development Corporation claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

1 program service account for $157K of program spending, described in the organization's own filed words · FY2024.

Operation of 4 group homes supplemented by U.S. Hud for the benefit of low-income and mentally disabled individuals. Supported through the section 8 housing program.

$157Kprogram expense

Run this program? Claim this org to tell your story

Filing history

Every return on file.

Year	Revenue	Expenses	Change	Filing
FY2025 Latest Viewing	$204K	$174K	-25%	990 PDF
FY2024	$272K	$205K	-0.10%	990 PDF
FY2023	$272K	$235K	+2%	990 PDF
FY2022	$267K	$207K	+9%	990 PDF
FY2021	$246K	$202K	-5%	990 PDF
FY2020	$258K	$226K		990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do

Central City Apartments INCAR

Corporation for Independent LivingCT

Center Housing Development Fund CorporationNY

Central Michigan Non-Profit Housing CorporationMI

Community Apartments Borrower CorporationVA

Center Housing INCMO

See all organizations like Central Nodak Development Corporation →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2025IRS

Classification, formation year, addressIRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)