2025-10-24T13:42:35-04:00 2025-06-30 411737335 RTO PA 16403 HAVEN ROAD LITTLE FALLS MN 563456400 990 2024-07-01 411297431 COMMUNITY DEVELOPMENT OF MORRISON COUNTY INC COMM 3206325466 PO BOX 356 LITTLE FALLS MN 56345 CAROL ANDERSON EXECUTIVE DIRECTOR 3206325466 2025-10-10 true false BRENDA COLLETTE CPA P02265533 3206323646 2025-10-10 2024 2025-03-06 01:10:19Z CAROL ANDERSON 206951 false X HTTP://CDC.MORRISON.MN.US X 1968 MN ENCOURAGE, PROMOTE, DEVELOP AND ESTABLISH INDUSTRIAL, COMMERCIAL, AND OTHER BUSINESSES IN LITTLE FALLS AND MORRISON COUNTY 17 15 1 17 0 144735 139110 58291 50574 16245 17267 0 219271 206951 0 0 101070 106295 0 0 77995 46539 179065 152834 40206 54117 1954321 1934774 467392 393728 1486929 1541046 X TO PROMOTE, DEVELOP, AND ESTABLISH INDUSTRIAL, COMMERCIAL AND OTHER BUSINESSES IN LITTLE FALLS AND MORRISON COUNTY. FUNDS ARE RECEIVED FROM THE U.S. DEPARTMENT OF AGRICULTURE RURAL BUSINESS-COOPERATIVE SERVICE, THE COUNTY, AND THE CITY; AND THEN THESE FUNDS ARE LENT OUT TO BUSINESSES. AS LOANS ARE REPAID TO THE ORGANIZATION, ADDITIONAL LOANS ARE MADE. false false CDMC ISSUED ONE LOAN DURING FISCAL YEAR 2025. LOANS USED TO ASSIST ECONOMIC DEVELOPMENT BY PROVIDING FUNDS FOR WORKING CAPITAL, INVENTORY ACQUISITIONS, AND IMPROVEMENTS AND ADDITIONS TO CAPITAL ASSETS. THE ORGANIZATION (CDMC) HAS A TOTAL OF 15 LOANS OUTSTANDING WITH INTEREST RATES RANGING FROM 4.00% TO 7.00% . false true false true false false false false false true false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false true 1 0 false 1 true false false false false true true false false false X 17 15 false false false false true true true true true false false true true true true false true true false false X CAROL ANDERSON 3206325466 PO BOX 356 LITTLE FALLS MN 56345 SANDY VOIGT PRESIDENT 2.00 X 0 0 0 MO DURHEIM VICE PRESIDE 2.00 X 0 0 0 JULIE ZUPKO SECRETARY 2.00 X 0 0 0 DOUG DAHLBERG TREASURER 2.00 X 0 0 0 CAROL ANDERSON EXECUTIVE DI 40.00 X 81463 0 14893 PAULA KAMPA PAST PRESIDE 1.00 X 0 0 0 JOE BERG DIRECTOR 1.00 X 0 0 0 GREG ZYLKA DIRECTOR 1.00 X 0 0 0 AUBREY HOGGARTH-COOK DIRECTOR 1.00 X 0 0 0 JASON JOHNSON DIRECTOR 1.00 X 0 0 0 DAN ORTLOFF DIRECTOR 1.00 X 0 0 0 SARA POSTERICK DIRECTOR 1.00 X 0 0 0 SUSAN PROSAPIO DIRECTOR 1.00 X 0 0 0 JEREMY VIRNIG DIRECTOR 1.00 X 0 0 0 JEFF STUMPF DIRECTOR 1.00 X 0 0 0 BOBBY KASPER EX-OFFICIO 1.00 X 0 0 0 ALEX SMITH EX-OFFICIO 1.00 X 0 0 0 GREG JOHNSON EX-OFFICIO 1.00 X 0 0 0 81463 14893 false false false 30110 109000 139110 LOAN PROGRAM INTEREST 49674 49674 FEE FOR SERVICE 600 600 LOAN FEES 300 300 50574 17267 17267 206951 50574 17267 84415 2503 19377 31730 10268 3083 4381 1266 1015 4364 473 3692 MISCELLANEOUS 4549 DUES & SUBSCRIPTIONS 899 AMORTIZATION - ROU ASSETS 529 LOAN LOSS - ADJ ALLOWANCE -19710 152834 0 0 0 496897 442645 566442 836057 28661 49990 181262 161565 80680 58555 15973 22125 662405 420240 2681 2152 1954321 1934774 7334 8820 22500 434877 382756 2681 2152 467392 393728 X 1458135 1512252 28794 28794 1486929 1541046 1954321 1934774 54117 X false true X false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false 63140 41015 22125 17540 17540 22125 LOANS RECEIVABLE 420240 C 420240 COPIER LEASE LIABILITY 2152 2152 206951 206951 206951 152834 152834 152834 DAN ORTLOFF - FALLS FABRICATING FALLS FABRICATING PRESIDENT EXPANSION & NEW EQUIPMENT X 175000 106911 false true true SUZY PROSAPIO - PURPLE CARROT PURPLE CARROT BOARD MEMBER BUILDING & IMPROVEMENTS X 69500 54654 false true true 161565 FORM 990 - ORGANIZATION'S MISSION TO PROMOTE, DEVELOP, AND ESTABLISH INDUSTRIAL, COMMERCIAL AND OTHER BUSINESSES IN LITTLE FALLS AND MORRISON COUNTY. FUNDS ARE RECEIVED FROM THE U.S. DEPARTMENT OF AGRICULTURE RURAL BUSINESS-COOPERATIVE SERVICE, THE COUNTY, AND THE CITY; AND THEN THESE FUNDS ARE LENT OUT TO BUSINESSES. AS LOANS ARE REPAID TO THE ORGANIZATION, ADDITIONAL LOANS ARE MADE. FORM 990, PAGE 2, PART III, LINE 4D . FORM 990, PAGE 6, PART VI, LINE 6 ALL ADULT REPRESENTATIVES OR OWNERS OF BUSINESSES LOCATED IN MORRISON COUNTY ARE ELIGIBLE TO BECOME A MEMBER OF COMMUMUNITY DEVELOPMENT OF MORRISON COUNTY INC BY PAYING DUES IN SUCH A MANNER AND IN SUCH AN AMOUNT AS MAY BE SET BY RESOLUTION OF THE BOARD. REPRESENTATIVES OR OWNERS OF BUSINESSES WHO ARE NOT ADULT RESIDENTS OF MORRISON COUNTY AND BUSINESSES WHO ARE NOT LOCATED IN MORRISON COUNTY ARE ELIGIBLE FOR A NON-VOTING MEMBERSHIP IN THE CORPORATION. FORM 990, PAGE 6, PART VI, LINE 7A EACH MEMBER OF THE CORPORATION IS ENTITLED TO ONE VOTE AT MEMBERSHIP MEETINGS. FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS APPROVE CHANGES TO THE ARTICLES AND/OR BY-LAWS. MEMBERS ELECT DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY EITHER THE ENTIRE BOARD OR THE OFFICERS/EXEC COMMITTEE PRIOR TO FILING THROUGH EMAIL. THE CPA WHO PREPARES THE RETURN ADDRESSES ANY QUESTIONS PRIOR TO THE APPROVAL AND FILING. THE ENTIRE BOARD RECEIVES A COPY OF THE 990 AT THE NEXT MEETING FOLLOWING THE OFFICERS/EXEC COMMITTEE APPROVAL. FORM 990, PAGE 6, PART VI, LINE 12C MEMBERS AND EMPLOYEES ARE COVERED UNDER THE "CONFLICT OF INTEREST" (COI) POLICY. THE BOARD SHALL DECIDE IF A CONFLICTING INTEREST EXISTS. A PERSON WITH A CONFLICTING INTEREST MAY NOT PARTICIPATE OR VOTE ON A DECISION OF THE ORGANIZATION THAT INVOLVES THE CONFLICTING INTEREST. THE CHAIRPERSON OF THE BOARD, IF APPROPRIATE, SHALL APPOINT A COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION. THE DIRECTORS, FROM TIME TO TIME, SHALL DIRECT A COMMITTEE REVIEW COMPLIANCE WITH THIS POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR. EVALUTATES INCREASES BY COMPARING TO SIMILIAR POSITIONS IN NEIGHBORING COMMUNITIES AND INQUIRY OF RECRUITMENT FIRMS. THE DECISION IS DOCUMENTED IN THE MEETING MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 THE 990 IS AVAILABLE AT THE ORGANIZATION'S OFFICE FOR PUBLIC REVIEW DURING NORMAL BUSINESS HOURS.