Nonprofit · EIN 45-0435966
REGION V COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · FARGO, ND 58104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $657,935 | $844,200 | -$186,265 | $8,847,847 | $5,335,783 | $3,512,064 |
| December 31, 2023 | 990 | $663,614 | $511,380 | $152,234 | $8,432,447 | $4,900,451 | $3,531,996 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $657,935
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $78,867
- Salaries, compensation and benefits (total)
- $78,867
- Professional fundraising fees
- $0
- Legal fees
- $21,180
- Accounting fees
- $13,263
- Occupancy
- $115,413
- Travel
- $2,073
- Depreciation
- $264,755
- Program services (functional)
- $789,395
- Management and general (functional)
- $54,805
Balance sheet and other
- Total assets, start of year
- $8,432,447
- Total assets, end of year
- $8,847,847
- Total liabilities, end of year
- $5,335,783
- Net assets, end of year
- $3,512,064
- Land, buildings and equipment
- $4,761,053
- Net assets without donor restrictions
- $3,512,064
- Gross receipts
- $657,935
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1994
- State of legal domicile
- ND
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Brandon Kjelden | Executive Director Officer | 4 | $0 | $114,860 | $40,797 |
| Raymon Nelson | President Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| Cheri Jahner | Vice President Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| Vicki Groven | Secretary/Treasurer Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| Sheryl Dagman | Director Trustee or director | 0.1 | $0 | $0 | $0 |
| Mitch Calkins | Director (As of Mar 24) Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Brandon Kjelden | Executive Director Officer | 4 | $0 | $106,834 | $38,560 |
| Raymon Nelson | President Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| Cheri Jahner | Vice President Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| Vicki Groven | Secretary/Treasurer Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| Sheryl Dagman | Director Trustee or director | 0.1 | $0 | $0 | $0 |
| Wade Anderson | Director (Until Aug 23) Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3233 UNIVERSITY DR S, FARGO, ND 58104-6221
- In care of
- % JAMES KAPPEL
- Principal officer (990 for 2024)
- Brandon Kjelden, 3233 South University Drive, Fargo, ND 58104
- Signed the 990
- Brandon Kjelden, Executive Director
- Phone
- (701) 232-2452
- Website
- www.rvcdc.org
- Return prepared by
- Eide Bailly LLP
Mission
The Region V Community Development Corporation has a principal purpose of planning, developing, owning, and managing affordable housing projects in southeastern North Dakota. These projects benefit lower income households, which are households with an annual income that does not exceed 80 percent of the county median income level.
Program accomplishments
- The Region V Community Development Corporation (RVCDC "the Corporation") has a principal purpose of planning, developing, owning, and managing affordable housing projects in southeastern North Dakota. The Corporation develops and manages housing for low income, aged and/or handicapped individuals and their families across the state of North Dakota.The RVCDC has the capacity and experience to develop affordable housing projects. As a developer, the RVCDC performs market analysis, environmental reviews, site selection, feasibility analysis, financial Continued on Schedule O...statements, project design, rehabilitation, new construction, marketing, and other functions. Projects developed by the Corporation include the rehabilitation of existing buildings, new construction, and single family developments. RVCDC has developed over 100 units of affordable housing in the communities of Lisbon, Gwinner, Hankinson, Hatton, Milnor, Northwood, Casselton, West Fargo, and Fargo. The type of projects developed include: multifamily rental housing, single family homeownership, and special need housing. After housing projects are developed, the RVCDC becomes involved with the operational phase that includes sales and marketing, leasing, and property management. As a property manager, the RVCDC's goal is to provide all services necessary and customary to ensure the proper management, maintenance, and operation of the housing project. As a housing developer and manager, RVCDC is responsible for making decisions to enhance the performance of a project, extend the economic life of the buildings, and maximize return on asset.The Corporation also owns and operates the following:- Sunset Village - a two-building complex consisting of twelve townhome apartment units in Lisbon, North Dakota.- Valley View First Addition - an investment consisting of residential lots in Lisbon, North Dakota, which are being held for sale.- Early Head Start building - a building owned by the Corporation that is leased by SENDCAA for use as a child development center.- Head Start South building - a building owned by the Corporation that is leased by SENDCAA for use as a child development center.- Prairie Pointe- a 17 unit residential rental property in Gwinner, North Dakota.- Grace Village - a two-building complex consisting of twelve townhome apartment units in Hankinson, North Dakota. - Heritage Village Limited Partnership - a 6 unit residential housing project in Milnor, North Dakota. - Homestead Commons Limited Partnership - a 6 unit housing project in Gwinner, North Dakota. - Hearthstone Village Limited Partnership - a 8 unit housing project in Hatton, North Dakota. - Dakotah Pioneer Limited Partnership a 31-unit residential housing project, in Fargo, North Dakota that includes approximately 9,450 square feet of commercial space.Expenses $789,395 · revenue $657,935
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 | Not 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
- 45-0435966
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $8,847,847
- Income (IRS master file)
- $657,935
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $657,935 | $844,200 | $8,847,847 | IRS |
| 990 | December 2023 | $663,614 | $511,380 | $8,432,447 | XML |
| 990 | December 2022 | $573,178 | $437,796 | $7,180,362 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 45-0435966).
Questions about REGION V COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of REGION V COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of REGION V COMMUNITY DEVELOPMENT CORPORATION is 45-0435966.
- Is REGION V COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to REGION V COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does REGION V COMMUNITY DEVELOPMENT CORPORATION 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 REGION V COMMUNITY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REGION V COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of REGION V COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names Brandon Kjelden.
- Who are the officers and directors of REGION V COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does REGION V COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $657,935, expenses of $844,200 and total assets of $8,847,847 at year end.
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All nonprofits in FARGO · North Dakota · Community improvement and capacity building