Form 990 for tax year 2023
Filed by HAZEN COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $184,284
- Total expenses
- $193,484
- Contributions and grants received
- $126,656
- Grants paid
- $108,998
- Program service revenue
- $0
- Investment income
- $1,467
- Other revenue
- $56,161
- Total assets, end of year
- $812,016
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $812,016
- Program services expenses (Part IX)
- $158,203
- Management and general expenses
- $35,281
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $158,203
Program services were 81.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$9,160
-
1e · Government grants (contributions)
$117,496
-
3 · Investment income
total $1,467 · excluded $1,467
-
6a · Gross rents
real property $96,525
-
6b · Less rental expenses
real property $40,364
-
6c · Rental income or loss
real property $56,161
-
6d · Net rental income or loss
total $56,161 · related or exempt $56,161
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $83,998 · program services $83,998
-
2 · Grants to domestic individuals
total $25,000 · program services $25,000
-
11a · Fees: management
total $62,776 · program services $43,943 · management and general $18,833
-
11b · Fees: legal
total $375 · management and general $375
-
11c · Fees: accounting
total $2,475 · management and general $2,475
-
11g · Fees: other
total $13,302 · management and general $13,302
-
13 · Office expenses
total $5,262 · program services $5,262
-
17 · Travel
total $293 · management and general $293
-
20 · Interest
total $3 · management and general $3
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,561 · end of year $475
-
12 · Investments: other securities
beginning of year $11,276 · end of year $11,276
-
13 · Investments: program-related
beginning of year $808,379 · end of year $800,265
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $821,216 · end of year $812,016
Mission and programs · 2023
Mission
TO FURTHER THE ECONOMIC DEVELOPMENT OF THE CITY OF HAZEN AND THE SURROUNDING BUSINESS/TRADE AREA, BY PROMOTING, ENCOURAGING AND ASSISTING IN THE DEVELOPMENT IN NEW ENTERPRISE, OR THE EXPANSION OR CONTINATION OF THOSE PRESENTLY EXISTING, IN ORDER TO BENEFIT THE CITIZENS OF SUCH AREA, THROUGH THE ENLARGEMENT OF BUSINESS ACTIVITY, THE EXPANSION OF AVAILABLE GOODS AND SERVICES, AND INCREASING EMPLOYMENT OPPORTUNITIES.
Activities or mission (Part I)
TO FURTHER THE ECONOMIC DEVELOPMENT OF THE CITY OF HAZEN BY SUPPORTING LOCAL BUSINESSES AND PROMOTING NEW ENTERPRISE. TO BENEFIT CITIZENS OF HAZEN AND SURROUNDING AREAS BY EXPANDING AVAILABLE GOODS AND SERVICES AND INCREASING EMPLOYMENT OPPORTUNITIES.
-
HAZEN COMMUNITY DEVELOPMENT PROVIDES A STAFF AND SUPPORT SERVICE TO FACILITATE ECONOMIC DEVELOPMENT FOR THE COMMUNITY. STAFF IS EMPLOYED BY THE CITY AND BILLED TO THE ORGANIZATION AS MANAGEMENT FEES.
Expenses $133,203 · Grants $83,998
-
HAZEN COMMUNITY DEVELOPMENT CONTINUES TO DEVELOP A COMMERCIAL BUILDING FOR SALE OR LEASE FOR NEW BUSINESSES. IT IS ALSO ACTIVELY TRYING TO RECRUIT NEW BUSINESSES TO THE COMMUNITY WHICH WILL ENHANCE A VIBRANT MAIN STREET AND SURROUNDING AREAS.
Revenue $56,161
-
HAZEN'S HOME DEVELOPMENT ASSISTANCE PROGRAM (HHDAP) SUPPORTS SUSTAINABLE, LONG-TERM HOMEOWNERSHIP FOR QUALIFIED BUYERS BY PROVIDING FINANCIAL ASSISTANCE.
Expenses $25,000 · Grants $25,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Wayne HoffnerWAYNE HOFFNER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Robert MetterROBERT METTER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Ken MillerKEN MILLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Carla BorlaugCARLA BORLAUG
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Jennifer OppJENNIFER OPP
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Paul DollPAUL DOLL
AT LARGE
- Total calculated
- $0
- Hours/week
- 5
-
Marcy KnoellMARCY KNOELL
AT LARGE
- Total calculated
- $0
- Hours/week
- 5
-
Dan PillarDAN PILLAR
CITY DESIGNEE
- Total calculated
- $0
- Hours/week
- 5
-
Nathan BuscheNATHAN BUSCHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Duane DuppongDUANE DUPPONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Trista GuttormsonTRISTA GUTTORMSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Jason HaackJASON HAACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Brad QuenetteBRAD QUENETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Corrie RognessCORRIE ROGNESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Doug RotheDOUG ROTHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Chris SailerCHRIS SAILER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Troy SchillingTROY SCHILLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Heather StrommeHEATHER STROMME
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Gontran LangowskiGONTRAN LANGOWSKI
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 25
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$13,750
FLOOD REPAIRS & FLEX PACE
-
$12,350
SUPPLEMENT EXECUTIVE DIRECTOR SALARY
-
S & G LLC
$10,000
EQUIPMENT REPAIR AT CINEMA FLIX
-
CHILDCARE SUPPLIES & FLEX PACE
-
KRYSTA L SELLERS DMD MSD HAZEN PC
$5,911
FLEX PACE INTEREST BUYDOWN
-
EQUIPMENT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349304123
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