Park River Community Development Corp FY2023 filing

Park River, NDUnknown exempt organizationEIN 45-0390369Revenue $141K in FY2023

On file with the IRSP O Box C · Park River, ND

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Develop sell and rent commercial buildings in the Community to promote economic Development

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$141K
+44% vs prior year
Spent
$116K
To programs
100%
Net assets
$297K
By yearFY2020–FY2024
Revenue
$141K
FY2023▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2020$84K
FY2021$80K
FY2022$98K
FY2023$141K
FY2024$101K
Net assets
$297K
FY2023▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$298K
FY2021$269K
FY2022$271K
FY2023$297K
FY2024$294K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $116K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Park River Community Development Corp executive salaries →

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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

Develop, sell, and rent commercial buildings to boost community economic growth.

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Provided by the organization

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2 programs · $116K · in their own filed words · FY2023
01

To operate a local theater to enhance the business community.

$70Kprogram expense
02

Develop, sell and rent commercial buildings in community to promote economic development.

$46Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$141K
Ln 12
Fees for servicesLn 2g$45K
Investment incomeLn 3$37K
Gifts and grantsLn 1h$31K
Money outPt IX
$116K
Ln 25
Programscol B$116K
Owns and owesPt X
$297K
net assets · Ln 32
Cash and savingsLn 1–2$178K
Total assetsLn 16$300K
LiabilitiesLn 26$3K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Government grantsLn 1e$28K
Fees for servicesLn 2g$45K
Investment incomeLn 3$37K
Other incomeLn 4–11$28K
Gains on assetsLn 7$37K
Total revenueLn 12$141K
Assets in detailPt X, end of year
CashLn 1$178K
SavingsLn 2$0
Cash and savings togetherLn 1–2$178K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$22K
Other assetsLn 15$100K
Total assetsLn 16$300K
LiabilitiesLn 26$3K
Net assetsLn 32$297K
OperationsPt I, VI
EmployeesI 52
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$178K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$82K$22K
Total assetsLn 16$274K$300K
LiabilitiesLn 26$2K$3K
Net assetsLn 32$271K$297K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$29K$29K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$2K$2K
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$104$104
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$53K$53K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$21K$21K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$116K$116K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $101K$294K 990 PDF
FY2023 Viewing $141K$116K$25K$297K 990 PDF
FY2022 $98K$271K 990 PDF
FY2021 $80K$269K 990 PDF
FY2020 $84K$298K 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 $140,971 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $28,155$31,000
I-9 Program service revenuePrior year $52,285$45,321
I-10 Investment incomePrior year $3$36,665
I-11 Other revenuePrior year $17,561$27,985
I-12 Total revenuePrior year $98,004$140,971
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $22,606$30,820
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $72,896$85,013
I-18 Total expensesPrior year $95,502$115,833
I-19 Revenue less expensesPrior year $2,502$25,138
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $140,971 across 10 lines filed
Lines not itemized here account for $27,985 of total revenue; see the IRS return.
VIII-1e Government grants$27,500
VIII-1f All other contributions, gifts and grants$3,500
VIII-1h Total contributions, gifts and grants$31,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $45,321$45,321
VIII-3 Investment incomeRelated to mission $7$7
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $36,658$36,658
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $109,971$140,971
Part IX · Statement of functional expenses $115,833 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $28,541$28,541
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $2,279$2,279
IX-11a Management fees$0
IX-11b Legal feesPrograms $1,800$1,800
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $104$104
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $52,579$52,579
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $8,401$8,401
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $20,646$20,646
IX-24e All other expensesPrograms $1,483$1,483
IX-25 Total functional expensesPrograms $115,833 · Management $0 · Fundraising $0$115,833
Part X · Balance sheet $299,649 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $91,212$177,646
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $82,487$22,002
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $100,000$100,001
X-16 Total assetsStart of year $273,699$299,649
X-17 Accounts payable and accrued expensesStart of year $2,483$2,796
X-26 Total liabilitiesStart of year $2,483$2,796
X-27 Net assets without donor restrictionsStart of year $271,216$296,853
X-32 Total net assets or fund balancesStart of year $271,216$296,853
X-33 Total liabilities and net assetsStart of year $273,699$299,649
Part XI · Reconciliation of net assets $296,853 net assets at year end
XI-1 Total revenue$140,971
XI-2 Total expenses$115,833
XI-3 Revenue less expenses$25,138
XI-4 Net assets at start of year$271,216
XI-8 Prior period adjustments$499
XI-10 Net assets at end of year$296,853

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

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