2026-02-16T15:28:20-06:00 2025-09-30 333709623 COHNREZNICK ADVISORY LLC 7500 HIGHWAY 55 SUITE 350 MINNEAPOLIS MN 55427 990 2024-10-01 411345544 CENTRAL MINNESOTA DEVELOPMENT COMPANY CENT 7637843337 1885 STATION PARKWAY NW ANDOVER MN 55304 TIM WALKER EXECUTIVE DIRECTOR 7637843337 2026-02-10 1 1 DEAN RICHARDS P00029984 9529201455 2026-02-10 2024 2025-03-06 01:10:19Z TIM WALKER 1885 STATION PARKWAY NW ANDOVER MN 55304 1429023 0 X WWW.CMDCBUSINESSLOANS.COM X 1978 MN TO PROCESS AND MONITOR SBA LOAN PROGRAMS. 14 14 6 14 -25973 0 0 0 1179689 1320055 88247 108968 3758 -25973 1271694 1403050 0 0 0 0 873099 1054028 0 0 0 275436 254774 1148535 1308802 123159 94248 3012170 3431925 828224 1153731 2183946 2278194 CMDC IS COMMITTED TO PROMOTING ECONOMIC DEVELOPMENT BY CULTIVATING A FINANCING ENVIRONMENT THAT ALLOWS MINNESOTA SMALL BUSINESSES TO GROW AND PROSPER. 0 0 THE ORGANIZATION IS A SBA CERTIFIED DEVELOPMENT COMPANY ORGANIZED FOR THE PURPOSE OF PROMOTING ECONOMIC VIABILITY WITHIN CENTRAL MINNESOTA BY CULTIVATING A FINANCING ENVIRONMENT THAT ALLOWS SMALL BUSINESSES TO PROSPER. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 6 1 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X TIM WALKER 7637843337 1885 STATION PARKWAY NW SUITE A ANDOVER MN 55304 JOE PETERSON CHAIRMAN 2.00 X X 0 0 0 JULIE LUX SECRETARY 2.00 X X 0 0 0 ERIK HEGG TREASURER 2.00 X X 0 0 0 DAVID RYMANOWSKI VICE CHAIRMAN 2.00 X X 0 0 0 MARTY FISHER DIRECTOR 2.00 X 0 0 0 STEVEN KALINA DIRECTOR 2.00 X 0 0 0 MAUREEN STEINWALL DIRECTOR 2.00 X 0 0 0 CLARK ARNESON DIRECTOR 2.00 X 0 0 0 CHRISTINE COSTELLO DIRECTOR 2.00 X 0 0 0 LARRY CRANE DIRECTOR 2.00 X 0 0 0 DEAN SUCHY DIRECTOR 2.00 X 0 0 0 SEAN SULLIVAN DIRECTOR 2.00 X 0 0 0 PERRY RASSLER DIRECTOR 2.00 X 0 0 0 KRAIG KLIBER DIRECTOR 2.00 X 0 0 0 CHRIS RANDALL DIRECTOR 2.00 X 0 0 0 TIM WALKER EXECUTIVE DIRECTOR 40.00 X 179321 0 25971 179321 0 25971 1 0 1 0 0 LOAN ORIGINATION AND S 525990 1320055 1320055 1320055 108968 108968 25973 -25973 -25973 -25973 1403050 1320055 -25973 108968 196563 167079 29484 678197 573881 104316 44132 41925 2207 73085 69431 3654 62051 58948 3103 52892 52892 20621 20621 26132 26132 5585 5585 43609 43609 4108 4108 2607 2607 12904 12904 COMMUNICATIONS 36346 36346 REAL ESTATE TAXES 20421 20421 MAINTENACE AND REPAIRS 7402 7402 EQUIPMENTAL RENTAL 6113 6113 16034 16034 1308802 1166038 142764 0 871905 1339499 760866 792151 67377 64051 78974 73290 2839 9345 961347 587220 383908 374127 846301 779462 3012170 3431925 134829 538372 503438 414095 189957 201264 828224 1153731 X 2183946 2278194 2183946 2278194 3012170 3431925 94248 0 X 0 1 X 1 0 114500 114500 693423 438935 254488 150781 145642 5139 2643 2643 0 374127 ILP NOTES RECEIVABLE 335155 RESERVE ACCOUNT 104732 REVOLVING LOAN FUND 199463 MINNESOTA EMERGING ENTREPRENEUR LOAN 137341 OPERATING RIGHT OF USE ASSET 2771 779462 REVOLVING LOAN FUND 198060 DEFERRED LOAN FEES 433 OPERATING LEASE LIABILITY 2771 201264 X 1429023 0 1429023 -25973 -25973 1403050 1334775 0 1334775 -25973 -25973 1308802 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. CERTAIN ORGANIZATIONAL ACTIVITIES ARE TAXABLE AS UNRELATED BUSINESS INCOME. THERE IS NO PROVISION OR LIABILITY FOR FEDERAL INCOME TAXES FOR THE YEAR PRESENTED, AS THOSE ACTIVITIES DID NOT RESULT IN TAXABLE INCOME. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. THE ORGANIZATION'S FEDERAL INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES X X X 0 0 0 TIM WALKER EXECUTIVE DIRECTOR 179321 0 0 0 0 0 0 0 25971 0 205292 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR FIRST REVIEWS THE 990 RECEIVED FROM THE ACCOUNTANT, THEN IS REVIEWED BY THE EXECUTIVE COMMITTEE WHO PRESENTS IT TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO MAILING. FORM 990, PART VI, SECTION B, LINE 12C DISCUSSED AT LEAST ANNUALLY AT THE BOARD MEETING TO KEEP MEMBERS AWARE. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL REVIEWS ARE COMPLETED WITH CONSIDERATION OF ACCOMPLISHMENTS OF PERSONAL AND BUISNESS GOALS. INDUSTRY STANDARDS ARE USED IN CONJUNCTION WITH ACCOMPLISHMENTS. ALL COMPENSATION RATES ARE REVIEWED AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE AT THE OFFICE UPON REQUEST.