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← REGION V COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by REGION V COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$657,935
Total expenses
$844,200
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$657,935
Investment income
$0
Other revenue
$0
Total assets, end of year
$8,847,847
Total liabilities, end of year
$5,335,783
Net assets or fund balances, end of year
$3,512,064
Program services expenses (Part IX)
$789,395
Management and general expenses
$54,805
Fundraising expenses
$0
Program service expenses (Part III)
$789,395

Program services were 93.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Raymon Nelson

    President

    Total calculated
    $0
    Hours/week
    0.3 + 0.1 related

  • Cheri Jahner

    Vice President

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Vicki Groven

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Sheryl Dagman

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Mitch Calkins

    Director (As of Mar 24)

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Brandon Kjelden

    Executive Director

    Total calculated
    $155,657
    From this org
    $0
    From related orgs
    $114,860
    Other
    $40,797
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $114,860 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,362 related
    Nontaxable benefits
    $0 + $27,480 related
    Filer's total
    $0 + $155,702 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Sch J , Part 1, Line 3
A related organization determines compensation and relied on factors on Part 1, line 3.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • RVCDC Properties LLC

    Ownership of GP/LP Interest · ND · income -$13,594 · assets $3,195,389

    Directly controlled by Region V Community Development Corporation

  • Sunset Village LP

    Ownership of GP/LP Interest · ND · income -$2,639 · assets $198,795

    Directly controlled by RVCDC & RVCDC Properties LLC

  • Sheyenne Commons LP

    Ownership of GP/LP Interest · ND · income -$11,468 · assets $1,678,432

    Directly controlled by RVCDC & RVCDC Properties LLC

  • Northwood Village LP (Start July 1)

    Ownership of GP/LP Interest · ND · income -$18,814 · assets $821,407

    Directly controlled by RVCDC & RVCDC Properties LLC

  • Homestead Village LP (As of Dec 31)

    Ownership of GP/LP Interest · ND · income $0 · assets $70,031

    Directly controlled by RVCDC & RVCDC Properties LLC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Dakotah Pioneer LP

    Related · Low income housing · ND · 0.01% owned · share of income -$32,293 · share of assets $469,841 · general or managing partner

    Directly controlled by Region V Community Development Corp

  • Homestead Village LP

    Related · Low income housing · ND · 0.01% owned · general or managing partner

    Directly controlled by Region V Community Development Corp

  • Homestead Commons LP

    Related · Low income housing · ND · 100% owned · share of income -$1 · share of assets $95,491 · general or managing partner

    Directly controlled by Region V Community Development Corp

  • Heritage Village LP

    Related · Low income housing · ND · 100% owned · share of income -$25,548 · share of assets $61,908 · general or managing partner

    Directly controlled by Region V Community Development Corp

  • Hearthstone Village LP (Until Dec 31)

    Related · Low income housing · ND · 1% owned · share of income -$21,437 · share of assets $40,939 · general or managing partner

    Directly controlled by Region V Community Development Corp

  • Northwood Village LP (Until June 30)

    Related · Low income housing · ND · 0.01% owned · share of income -$3 · general or managing partner

    Directly controlled by Region V Community Development Corp

  • Sundance Commons LP

    Low income housing · ND · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543199349301034

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