- Revenue 2023
- $789,469
- Expenses 2023
- $878,081
Program services were 60.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- P20
- Classification
- 1200
- Street
- 113 SPRUCE ST NE
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Mission and programs · 2023
Mission
TO PROMOTE ECONOMIC DEVELOPMENT BY PROVIDING SAFE, AFFORDABLE LOANS AND FINANCIAL TRAINING.
-
THE LOAN PROGRAMS PROVIDED MORE THAN 200 LOANS TO INDIVIDUALS AND BUSINESS WHO NORMALLY WOULDN'T QUALIFY FOR A CONVENTIONAL LOAN. THE PROGRAM ALSO PROVIDES FINANCIAL TRAINING.
Expenses $342,082 · Grants $10,581 · Revenue $64,191
-
THE COMMUNITY DEVELOPMENT PROGRAM IS DEVELOPING PROGRAMS TO IMPROVE THE AFFORDABLE HOUSING IN RURAL NORTHERN MINNESOTA AND THE LEECH LAKE RESERVATION.
Expenses $186,672
As filed on the 2023 return.
Officers and directors · 2023
As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
William EthierWILLIAM ETHIER
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Breanna MiettinenBREANNA MIETTINEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sarah KueselSARAH KUESEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Katie GuthrieKATIE GUTHRIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gordon FinedayGORDON FINEDAY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jeff EverhartJEFF EVERHART
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Jaimee MeyerJAIMEE MEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rob AitkenROB AITKEN
EXECUTIVE DIRECTOR
- Total calculated
- $90,374
- From this org
- $90,374
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Pam SpongPAM SPONG
OPERATIONS & FINANCE MANAGER
- Total calculated
- $88,705
- From this org
- $88,705
- From related orgs
- $0
- Other
- $0
- 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. Earlier years are each on their own filing page.
Filings
-
2023
- Revenue
- $789,469
- Expenses
- $878,081
- Contributions
- $725,278
- Grants paid
- $10,581
-
2022
- Revenue
- $704,238
- Expenses
- $701,063
- Contributions
- $651,173
- Grants paid
- $0
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990
- Revenue
- $593,731
- Expenses
- $476,575
- Assets (EOY)
- $1,315,355
-
2020 · 990
- Revenue
- $512,951
- Expenses
- $329,725
- Assets (EOY)
- $1,036,593
-
2019 · 990
- Revenue
- $270,357
- Expenses
- $412,483
- Assets (EOY)
- $862,551
-
2018 · 990
- Revenue
- $474,371
- Expenses
- $427,632
- Assets (EOY)
- $846,645
-
2017 · 990
- Revenue
- $314,433
- Expenses
- $451,936
- Assets (EOY)
- $648,306
-
2016 · 990
- Revenue
- $377,083
- Expenses
- $431,024
- Assets (EOY)
- $790,325
-
2014 · 990-EZ
- Revenue
- $82,115
- Expenses
- $78,808
- Assets (EOY)
- $237,198
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.
Grants made
No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.
Grants received
-
GREATER MINNESOTA HOUSING FUND
$50,000
2024 PREDEVELOPMENT COSTS FOR CREATION OF 20 SINGLE FAMILY HOMES IN CASS, ITASCA, HUBBARD, AND BELTRAMI COUNTIES
-
2025 PARTNER SUSTAINABILITY GENERAL
-
$29,002
2023 NONPROFIT INFRASTRUCTURE GRANT PROGRAM
-
2022 GENERAL OPERATING SUPPORT
-
2022 ECONOMIC DEVELOPMENT
-
$8,935
2022 NONPROFIT INFRASTRUCTURE GRANT PROGRAM
Taxable family
From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.
Disregarded entities on its 2023 return
-
BUILD ONE PROPERTIES LLC
ECONOMIC DEVELOPMENT · MN
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 11 November 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2023, the newest we have parsed for this organization.