Nonprofit · EIN 41-1971550
TWO RIVERS COMMUNITY LAND TRUST
Tax-exempt · WOODBURY, MN 55125
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,237,651 | $2,727,683 | $509,968 | $6,576,848 | $2,790,577 | $3,786,271 |
| December 31, 2024 | 990 | $2,860,101 | $2,485,971 | $374,130 | $4,514,854 | $1,238,551 | $3,276,303 |
| December 31, 2023 | 990 | $848,742 | $828,482 | $20,260 | $4,301,435 | $1,399,262 | $2,902,173 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,226,331
- of which government grants
- $1,042,927
- Program service revenue
- $2,009,708
- Investment income
- $1,612
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $140,113
- Other salaries and wages
- $91,543
- Salaries, compensation and benefits (total)
- $249,681
- Professional fundraising fees
- $0
- Legal fees
- $2,800
- Accounting fees
- $44,909
- Occupancy
- $7,519
- Travel
- $5,899
- Program services (functional)
- $2,596,387
- Management and general (functional)
- $102,515
- Fundraising (functional)
- $28,781
Balance sheet and other
- Total assets, start of year
- $4,514,854
- Total assets, end of year
- $6,576,848
- Total liabilities, end of year
- $2,790,577
- Net assets, end of year
- $3,786,271
- Land, buildings and equipment
- $3,839,554
- Net assets without donor restrictions
- $3,786,271
- Gross receipts
- $3,237,651
- Employees
- 4
- Year formed
- 2000
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMAR SMITH | EXECUTIVE DI Officer | 40 | $74,768 |
| SHERRY TIMMERMANN-GOODPASTER | ED TIL 6/202 Officer | 40 | $65,345 |
| ANDREW GITZLAFF | CHAIR Trustee or director, Officer | 2 | $0 |
| MICHAEL MEIS | VICE-CHAIR Trustee or director, Officer | 2 | $0 |
| TANNER JOHNSON | TREASURER Trustee or director, Officer | 2 | $0 |
| GENE AHO | SECRETARY Trustee or director, Officer | 2 | $0 |
| LINNEA GRAFFUNDER-BARTELS | BOARD MEMBER Trustee or director | 1 | $0 |
| ELIZABETH JUELICH | BOARD MEMBER Trustee or director | 1 | $0 |
| RACHEL FINAZZO DOLL | BOARD MEMBER Trustee or director | 1 | $0 |
| CORINNE OLLMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN TAYLOR | MEMBER TIL 1 Trustee or director | 1 | $0 |
| ALEX SELLKE | MEMBER TIL 1 Trustee or director | 1 | $0 |
| NATHAN SANDERS | MEMBER TIL 1 Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHERRY TIMMERMANN GOODPASTER | EXECUTIVE DI Officer | 40 | $108,635 | $12,535 |
| SUNNY BJORKLUND SCHULTZ | CHAIR UNTIL Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL MEIS | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| TANNER JOHNSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| GENE AHO | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LINNEA GRAFFUNDER-BARTELS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELIZABETH JUELICH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDREW GITZLAFF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RACHEL FINAZZO DOLL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALEX SELLKE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ZARA WOLFE | MEMBER TIL 9 Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERRY TIMMERMANN GOODPASTER | EXECUTIVE DI Officer | 40 | $102,486 |
| SUNNY BJORKLUND SCHULTZ | CHAIR Trustee or director, Officer | 2 | $0 |
| MICHAEL MEIS | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| TANNER JOHNSON | TREASURER Trustee or director, Officer | 2 | $0 |
| GENE AHO | SECRETARY Trustee or director, Officer | 2 | $0 |
| LINNEA GRAFFUNDER-BARTELS | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID WHITE | BOARD MEMBER Trustee or director | 1 | $0 |
| ELIZABETH JUELICH | BOARD MEMBER Trustee or director | 1 | $0 |
| ZARA WOLFE | BOARD MEMBER Trustee or director | 1 | $0 |
| ANDREW GITZLAFF | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 25451, WOODBURY, MN 55125-0451
- In care of
- % TERESA VANDERBENT
- Principal officer (990 for 2025)
- MICHAEL MEIS, PO BOX 25451, WOODBURY, MN 55125
- Signed the 990
- MICHAEL MEIS, VICE-CHAIR
- Phone
- (651) 994-9194
- Website
- WWW.TWORIVERSCLT.ORG
- Return prepared by
- HARRINGTON LANGER & ASSOCIATES
Mission
TO PROVIDE PERMANENTLY AFFORDABLE HOUSING ALTERNATIVES FOR LOW AND MODERATE INCOME INDIVIDUALS, FAMILIES, AND HOUSEHOLDS EARNING UP TO 80% OF MEDIAN INCOME IN WASHINGTON COUNTY, MINNESOTA.
Program accomplishments
- OWNERSHIP SERVICES: PROVIDES BUYER OUTREACH, REFERRAL TO COMMUNITY HOUSING RESOURCES, TRAINING FOR POTENTIAL OCMMUNITY LAND TRUST HOMEBUYERS, FACILITATES BUYER PROCESS & CLOSING, PROVIDES POST PURCHASE SUPPORT TO OWNERS. HOUSING DEVELOPMENT: CREATES HOUSING DEVELOPMENT OPPORTUNITIES FOR NEW CONSTRUCTION & ACQUISISTION AND REHAB; NEGOTIATES PROJECTS WITH PARTNERS; DEVELOPS PROJECT PRO FORMA FOR MULTI-YEAR HOUSING DEVELOPMENT PROJECTS; NEGOTIATES FINANCING FOR PROGRAMS; RAISES HOUSING DEVELOPMENT PRIVATE & GOVERNMENT FUNDS; CREATES PARTNERSHIPS WITH CITIES & COUNTIES; FINANCIAL MANAGEMENT OF HOUSING DEVELOPMENT PROJECTS; WORKS WITH CONTRACTED SERVICE PROVIDER TO MANAGE REHAB ON UNITS.Expenses $2,596,387 · revenue $2,009,708
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1971550
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $6,576,848
- Income (IRS master file)
- $3,237,651
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,237,651 | $2,727,683 | $6,576,848 | IRS |
| 990 | December 2024 | $2,860,101 | $2,485,971 | $4,514,854 | XML |
| 990 | December 2023 | $848,742 | $828,482 | $4,301,435 | XML |
| 990 | December 2022 | $1,632,577 | $1,463,107 | $3,595,116 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1971550).
Questions about TWO RIVERS COMMUNITY LAND TRUST
- What is the EIN of TWO RIVERS COMMUNITY LAND TRUST?
- The employer identification number (EIN) of TWO RIVERS COMMUNITY LAND TRUST is 41-1971550.
- Is TWO RIVERS COMMUNITY LAND TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to TWO RIVERS COMMUNITY LAND TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TWO RIVERS COMMUNITY LAND TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TWO RIVERS COMMUNITY LAND TRUST due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TWO RIVERS COMMUNITY LAND TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of TWO RIVERS COMMUNITY LAND TRUST?
- The 990 for the year ended December 31, 2025 names MICHAEL MEIS.
- Who are the officers and directors of TWO RIVERS COMMUNITY LAND TRUST?
- The 990 for the year ended December 31, 2025 lists 13 people; 2 received compensation from the organization, the highest $74,768 (JAMAR SMITH, EXECUTIVE DI).
- How much revenue does TWO RIVERS COMMUNITY LAND TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,237,651, expenses of $2,727,683 and total assets of $6,576,848 at year end.
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- CONSIDER THE LILIES FOUNDATION EIN 93-1702869 · last filed 990-N for 2025
- IDEAL CREDIT UNION EIN 41-0519270 · last filed 990 for 2024
- WOODBURY LEADERSHIP ACADEMY EIN 46-4095121 · last filed 990 for 2025
- MATH AND SCIENCE ACADEMY EIN 41-1907844 · last filed 990 for 2025
- ASSOCIATED HEALTHCARE CREDIT UNION EIN 41-0738787 · last filed 990 for 2024
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- THE INTERNATIONAL JOINT COMMISSION ON ALLIED HEALTH PERSONNEL IN OPHT EIN 23-7088065 · last filed 990 for 2025
All nonprofits in WOODBURY · Minnesota · Housing and shelter