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Nonprofiteer
← LAKE COUNTY COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by LAKE COUNTY COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,762,166
Total expenses
$1,821,972
Contributions and grants received
$2,103,334
Grants paid
$16,300
Program service revenue
$355,176
Investment income
$114,164
Other revenue
$189,492
Total assets, end of year
$14,174,066
Total liabilities, end of year
$9,072,705
Net assets or fund balances, end of year
$5,101,361
Program services expenses (Part IX)
$1,493,615
Management and general expenses
$328,357
Fundraising expenses
$0
Program service expenses (Part III)
$1,493,615

Program services were 82.0% 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.

  • 1e · Government grants (contributions)

    $1,893,197

  • 1f · All other contributions, gifts and grants

    $210,137

  • 2a · Program service revenue: LOANS FUND INTEREST

    total $348,206 · related or exempt $348,206

  • 2b · Program service revenue: INFRAST/ COMM DEVEL

    total $6,970 · related or exempt $6,970

  • 3 · Investment income

    total $114,164 · excluded $114,164

  • 6a · Gross rents

    real property $12,624

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $12,624

  • 6d · Net rental income or loss

    total $12,624 · excluded $12,624

  • 8a · Fundraising events: gross income

    $24,188

  • 8b · Fundraising events: direct expenses

    $5,270

  • 8c · Net income from fundraising events

    total $18,918 · excluded $18,918

  • 10a · Gross sales of inventory

    $182,860

  • 10b · Cost of goods sold

    $27,186

  • 10c · Net income from sales of inventory

    total $155,674 · related or exempt $155,674

  • 11a · Other revenue: MISCELLANEOUS

    total $2,276 · related or exempt $2,276

  • 11e · Other revenue, total

    $2,276

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,300 · program services $16,300

  • 5 · Compensation of officers, directors and key employees

    total $92,199 · program services $85,026 · management and general $7,173

  • 7 · Other salaries and wages

    total $662,265 · program services $610,766 · management and general $51,499

  • 8 · Pension plan contributions

    total $4,893 · program services $4,507 · management and general $386

  • 9 · Other employee benefits

    total $88,821 · program services $81,805 · management and general $7,016

  • 10 · Payroll taxes

    total $71,538 · program services $65,887 · management and general $5,651

  • 11c · Fees: accounting

    total $21,900 · management and general $21,900

  • 11g · Fees: other

    total $214,988 · program services $204,637 · management and general $10,351

  • 12 · Advertising and promotion

    total $8,762 · program services $6,990 · management and general $1,772

  • 13 · Office expenses

    total $6,483 · program services $5,077 · management and general $1,406

  • 16 · Occupancy

    total $79,810 · program services $36,848 · management and general $42,962

  • 17 · Travel

    total $47,855 · program services $47,855

  • 19 · Conferences, conventions and meetings

    total $10,307 · program services $9,605 · management and general $702

  • 20 · Interest

    total $56,590 · program services $56,590

  • 22 · Depreciation, depletion and amortization

    total $128,130 · management and general $128,130

  • 23 · Insurance

    total $10,340 · program services $1,482 · management and general $8,858

  • 24a · Other expenses: PASS THRU PROJECTS

    total $122,288 · program services $122,288

  • 24b · Other expenses: SUPPLIES

    total $48,205 · program services $44,229 · management and general $3,976

  • 24c · Other expenses: TELEPHONE

    total $28,168 · program services $10,406 · management and general $17,762

  • 24d · Other expenses: TRADESHOW EXPENSE

    total $21,003 · program services $21,003

  • 24e · All other expenses

    total $81,127 · program services $62,314 · management and general $18,813

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $204,698 · end of year $212,399

  • 2 · Savings and temporary cash investments

    beginning of year $1,645,911 · end of year $6,218,157

  • 3 · Pledges and grants receivable

    beginning of year $175,419 · end of year $250,277

  • 4 · Accounts receivable

    beginning of year $73,905 · end of year $65,969

  • 7 · Other notes and loans receivable

    beginning of year $5,851,264 · end of year $6,078,106

  • 8 · Inventories for sale or use

    beginning of year $24,959 · end of year $35,279

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,183 · end of year $33,191

  • 10a · Land, buildings and equipment: cost or other basis

    $3,689,147

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,408,459

  • 10c · Land, buildings and equipment, net

    beginning of year $1,143,607 · end of year $1,280,688

  • 17 · Accounts payable and accrued expenses

    beginning of year $111,643 · end of year $206,382

  • 19 · Deferred revenue

    end of year $4,147,229

  • 23 · Secured mortgages and notes payable

    beginning of year $4,921,686 · end of year $4,719,094

  • 27 · Net assets without donor restrictions

    beginning of year $4,037,106 · end of year $2,155,952

  • 28 · Net assets with donor restrictions

    beginning of year $77,511 · end of year $2,945,409

Mission and programs · 2024

Mission

TO STRENGTHEN COMMUNITIES AND FOSTER ECONOMIC PROSPERITY ACROSS LAKE, SANDERS, AND MINERAL COUNTIES

  • PROVIDE ASSISTANCE TO AREA ENTITIES TO FACILITATE THE DEVELOPMENT OF RURAL BUSINESSES TO CREATE JOB OPPORTUNITIES AND ECONOMIC DEVELOPMENT WITHIN LAKE, SANDERS, AND MINERAL COUNTIES.

    Expenses $1,238,938 · Grants $16,300 · Revenue $157,950

  • PROVIDE RESOURCES THROUGH A REVOLVING LOAN FUND FOR LAKE AND SANDERS COUNTIES RURAL BUSINESSES FOR BUSINESS EXPANSION AND DEVELOPMENT.

    Expenses $133,039 · Revenue $348,206

  • PROJECT MANAGEMENT FUNDS ARE ACTIVITIES ASSOCIATED WITH MANAGING FUNDS, CONTRACTS OR GRANTS ON BEHALF OF LOCAL GOVERNMENT AND/OR OTHER NON-PROFIT ORGANIZATIONS.

    Expenses $121,638 · Revenue $6,970

As filed on the 2024 return.

Listed in Part VII

  • Roxanne Duckworth

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jay Preston

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Sassaman

    PAST SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Carissa McNamara

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Steve Stanley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Rowan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George Simpson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Mangan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Dolson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Moriah Lundeen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roman Zylawy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Crain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sjaan Vincent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jan Tusick

    EXECUTIVE DIRECTOR

    Total calculated
    $92,199
    From this org
    $89,514
    From related orgs
    $0
    Other
    $2,685
    Hours/week
    40

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

  • WESTERN MONTANA GROWERS COOPERATIVE

    $16,000

    INTEREST RATE BUYDOWN

Provenance

Return type
form_990
Tax year
2024
Filed
16 December 2025
IRS schema version
2024v5.2
Source object
202600149349301920

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