Totals
- Total revenue
- $8,481,974
- Total expenses
- $2,507,780
- Contributions and grants received
- $7,489,443
- Grants paid
- $0
- Program service revenue
- $935,428
- Investment income
- $57,103
- Other revenue
- $0
- Total assets, end of year
- $15,183,148
- Total liabilities, end of year
- $6,277,912
- Net assets or fund balances, end of year
- $8,905,236
- Program services expenses (Part IX)
- $2,189,185
- Management and general expenses
- $248,185
- Fundraising expenses
- $70,410
- Program service expenses (Part III)
- $2,189,185
Program services were 87.3% 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)
$6,805,124
-
1f · All other contributions, gifts and grants
$684,319
-
2a · Program service revenue: COOPERATIVE SUPPORT SERVICES
total $564,193 · related or exempt $564,193
-
2b · Program service revenue: LENDING INCOME - INTEREST
total $216,187 · related or exempt $216,187
-
2c · Program service revenue: LENDING INCOME
total $127,479 · related or exempt $127,479
-
2d · Program service revenue: OTHER INCOME
total $27,569 · related or exempt $27,569
-
3 · Investment income
total $57,103 · excluded $57,103
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $149,933 · program services $125,388 · management and general $18,687 · fundraising $5,858
-
7 · Other salaries and wages
total $998,853 · program services $862,532 · management and general $110,376 · fundraising $25,945
-
9 · Other employee benefits
total $115,829 · program services $68,897 · management and general $27,989 · fundraising $18,943
-
10 · Payroll taxes
total $96,674 · program services $81,623 · management and general $12,608 · fundraising $2,443
-
11b · Fees: legal
total $26,635 · program services $17,655 · management and general $8,980
-
11c · Fees: accounting
total $35,463 · program services $16,500 · management and general $18,963
-
11d · Fees: lobbying
total $57,500 · program services $57,500
-
11g · Fees: other
total $144,171 · program services $130,994 · management and general $10,605 · fundraising $2,572
-
13 · Office expenses
total $62,887 · program services $46,283 · management and general $11,868 · fundraising $4,736
-
16 · Occupancy
total $59,713 · program services $48,141 · management and general $7,377 · fundraising $4,195
-
17 · Travel
total $25,043 · program services $24,691 · management and general $38 · fundraising $314
-
20 · Interest
total $31,550 · program services $31,550
-
23 · Insurance
total $24,088 · program services $20,440 · management and general $2,196 · fundraising $1,452
-
24a · Other expenses: LENDING EXPENSES
total $331,748 · program services $331,748
-
24b · Other expenses: CO-OP CONV, ASSISTANCE
total $247,663 · program services $247,663
-
24c · Other expenses: DUES, SUBS, LICENSE, FEES
total $51,143 · program services $40,372 · management and general $7,686 · fundraising $3,085
-
24d · Other expenses: STAFF, BOARD & VOLUNTEER
total $48,887 · program services $37,208 · management and general $10,812 · fundraising $867
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,687,623 · end of year $7,385,031
-
4 · Accounts receivable
beginning of year $653,942 · end of year $412,728
-
7 · Other notes and loans receivable
beginning of year $1,344,000 · end of year $6,327,950
-
9 · Prepaid expenses and deferred charges
beginning of year $87,489 · end of year $13,667
-
15 · Other assets
beginning of year $139,694 · end of year $1,043,772
-
17 · Accounts payable and accrued expenses
beginning of year $161,689 · end of year $332,022
-
19 · Deferred revenue
beginning of year $4,017,169 · end of year $666,351
-
23 · Secured mortgages and notes payable
beginning of year $4,536,355 · end of year $4,500,000
-
25 · Other liabilities
beginning of year $266,493 · end of year $779,539
-
27 · Net assets without donor restrictions
beginning of year $1,091,883 · end of year $1,230,134
-
28 · Net assets with donor restrictions
beginning of year $1,839,159 · end of year $7,675,102
Mission and programs · 2025
Mission
NCF'S MISSION IS TO "TRANSFORM LIVES AND COMMUNITIES THROUGH COOPERATIVE ENTERPRISE." WE CARRY OUT THIS MISSION BY PROVIDING TECHNICAL ASSISTANCE AND COOPERATIVE EDUCATION TO COOPERATIVE ORGANIZATIONS. FROM OUR INCEPTION, WE HAVE BEEN INNOVATIVE AND ENTREPRENEURIAL, SEEKING OUT CREATIVE, SOCIALLY ORGANIZED APPROACHES TO CHALLENGING PROBLEMS.
-
CONORTH IS A NON-PROFIT 501C3 ORGANIZATION WORKING TO TRANSFORM LIVES AND COMMUNITIES THROUGH COOPERATIVE ENTERPRISE FOR RESIDENTS OF MANUFACTURED HOUSING COMMUNITIES. THIS WORK SUPPORTS LOW-INCOME AND UNDERSERVED COMMUNITIES THROUGH THE DEVELOPMENT OF AFFORDABLE HOUSING COOPERATIVES BY PROVIDING EDUCATION, TECHNICAL ASSISTANCE, PROGRAMS, AND SERVICES TO RESIDENTS OF THE COMMUNITIES SERVED. THE ORGANIZATION CURRENTLY SUPPORTS 17 MANUFACTURED HOME COOPERATIVES, AND CONTINUES TO DEVELOP NEW COOPERATIVES EACH YEAR. CONORTH IS ONE OF NINE CERTIFIED TECHNICAL ASSISTANCE PROVIDERS (CTAPS) UNDER THE NATIONAL ROC USA NETWORK PROVIDING TAILORED TECHNICAL ASSISTANCE, TRAINING AND EDUCATION, AND PEER-TO-PEER ENGAGEMENT OPPORTUNITIES FOR THE AFFILIATED COOPERATIVES ACROSS MINNESOTA AND WISCONSIN. THIS WORK IS A COMMUNITY-ROOTED AND SYSTEMICALLY TRANSFORMATIVE APPROACH TO PRESERVING AFFORDABLE HOUSING THAT GIVES HOMEOWNERS THE POWER AND STABILITY THAT COMES WITH COOPERATIVE OWNERSHIP AND CONTROL OF THE LAND UNDER THEIR HOMES. CONORTH ALSO ADVOCATES FOR LEGISLATION AND LEGISLATIVE FUNDING THAT ADVANCES CO-OP OWNERSHIP AND SUPPORTS MANUFACTURED HOMEBUYERS AND COOPERATIVES, AND WORKS DIRECTLY WITH OUR MANUFACTURED HOUSING COOPERATIVE COMMUNITIES TO SECURE STATE GRANTS FOR CRITICAL IMPROVEMENT PROJECTS IN THEIR COMMUNITIES. TO FURTHER OUR MISSION AND EXPAND ACCESS TO COOPERATIVE FINANCING, WE ALSO ESTABLISHED A LENDING SUBSIDIARY, CONORTH LOAN FUND LLC (CLF), IN 2023. THIS SUBSIDIARY OFFERS LOANS AND OTHER FINANCING FOR COOPERATIVES WITH A FOCUS ON SERVING LOW-INCOME, LOW-WEALTH, AND HISTORICALLY MARGINALIZED COMMUNITIES. IN 2025, CONORTH FORMED TWO ADDITIONAL SUBSIDIARY ORGANIZATIONS TO FURTHER OUR MISSION AND ABILITY TO EXPAND AND PRESERVE AFFORDABLE HOUSING THROUGH MANUFACTURED HOME COOPERATIVE OWNERSHIP. CONORTH HOMES LLC WAS ESTABLISHED AS A MANUFACTURED HOME DEALERSHIP THAT ALLOWS US TO BUY AND SELL MANUFACTURED HOMES DIRECTLY FROM MANUFACTURER TO CONSUMERS TO ADDRESS CRITICAL VACANCY ISSUES THAT HAVE BECOME A MAJOR ISSUE FOR MANY OF OUR COOPERATIVE COMMUNITIES. CONORTH HOLDING LLC WAS FORMED AS A HOLDING COMPANY TO ALLOW THE ORGANIZATION TO HOLD TITLE TO A MANUFACTURED HOME COMMUNITY OR NEW GROUND-UP DEVELOPMENT WHEN DEVELOPMENT, REHABILITATION, OR STABILIZATION ARE NEEDED BEFORE THE COMMUNITY WOULD BE IN A POSITION TO FORM A COOPERATIVE AND PURCHASE THE PARK. CONORTH IS ALSO HOME TO THE COMINNESOTA PROGRAM, A CROSS-SECTOR PROGRAM SERVING COOPERATIVES OF ALL TYPES ACROSS MINNESOTA, PROVIDING RESOURCES, TRAINING AND EDUCATION, AND NETWORKING OPPORTUNITIES FOR COOPERATIVE MEMBERS ACROSS ALL COOPERATIVE SECTORS. THIS PROGRAM WORKS TO ADVANCE THE COOPERATIVE MOVEMENT AND EXPAND AWARENESS OF THE COOPERATIVE BUSINESS MODEL, MAKE CONNECTIONS TO RESOURCES, AND FOSTER COLLABORATION FOR POSITIVE CHANGE.
Expenses $2,189,185 · Revenue $935,428
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Peter BrownPETER BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian DahlkBRIAN DAHLK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Bobbie GrubbBOBBIE GRUBB
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Joel HaskardJOEL HASKARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Noah HobbsNOAH HOBBS
CHAIR, CLF D
- Total calculated
- $0
- Hours/week
- 1
-
Benjy NicholieBENJY NICHOLIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Trisha PresleyTRISHA PRESLEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Juan Luis Rivera-ReyesJUAN LUIS RIVERA-REYES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mar ValdecantosMAR VALDECANTOS
DIRECTOR, CL
- Total calculated
- $0
- Hours/week
- 1
-
Casey WareCASEY WARE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah BerkeSARAH BERKE
CLF CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Joel HansonJOEL HANSON
CLF DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan ZerwerRYAN ZERWER
CLF DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Victoria Clark-WestVICTORIA CLARK-WEST
EXECUTIVE DI
- Total calculated
- $154,431
- From this org
- $149,933
- From related orgs
- $0
- Other
- $4,498
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,933
- Bonus
- not reported
- Other
- not reported
- Deferred
- $4,498
- Nontaxable benefits
- not reported
- Filer's total
- $154,431
-
Emily StewartEMILY STEWART
ASSOCIATE DI
- Total calculated
- $128,158
- From this org
- $124,425
- From related orgs
- $0
- Other
- $3,733
- Hours/week
- 40
-
David BerglundDAVID BERGLUND
DIR REAL EST
- Total calculated
- $114,342
- From this org
- $111,012
- From related orgs
- $0
- Other
- $3,330
- Hours/week
- 40
-
Julie FlifletJULIE FLIFLET
DIR FINANCE
- Total calculated
- $139,110
- From this org
- $135,058
- From related orgs
- $0
- Other
- $4,052
- 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. 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
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
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.
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.
-
CONORTH LOAN FUND LLC
LOAN FUND · MN · income $6,999,483 · assets $12,435,554
Directly controlled by CONORTH
-
CONORTH HOLDING LLC
HOLD TITLE · MN · income $90,214 · assets $279,619
Directly controlled by CONORTH
-
CONORTH HOMES LLC
DEALERSHIP · MN · income $20,485 · assets $403,577
Directly controlled by CONORTH
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 25 June 2026
- IRS schema version
- 2025v4.0
- Source object
- 202611779349300811
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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