Minnesota · Nonprofit
MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION
MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION (Minnesota) receives grants from 10 organizations whose IRS filings report $6,954,113 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($5,124,095). 5 of them have funded it in more than one year.
- Revenue FY2024
- $25M
- Funders on record
- 10
- Grants received
- $7.0M
- Net assets
- $85M
What Midwest Minnesota Community Development Corporation does
Mission
The mission of mmcdc is to assist communities and individuals achieve a better quality of life.
As stated on its FY2024 Form 990.
Programs
Affordable housing lending: mmcdc provided 166 first time home buyer mortgage loans. We also provided 6 home purchase loans, 1 refinancing loans, 1 home improvement loans and 160 additional down-payment assistance loans to low-income people and places.
$12,513,174 spentof which $810,307 as grants$5,004,248 earned by the program81% of program spendingBusiness development: mmcdc provided commercial and new markets tax credit loans totaling $5,109,460 in 2024. This investment is expected to create 18 new jobs. It also supports purchase, construction, or improvement of 57,633 square feet of commercial real estate. 76% of the dollars were invested in disadvantaged communities, 56% in rural communities, and 27% of the borrowers were minority, or low-income owned or controlled businesses.
$1,722,851 spent$3,617,780 earned by the program11% of program spendingAffordable housing development: we managed 278 rental units (28 commercial and 250 residential) as well as a county eda's housing voucher program, providing 59 vouchers to people in need of stable housing.
$1,170,280 spent$843,024 earned by the program8% of program spendingOther programs: these are additional programs we fund and operate. They include homebuyer education, income tax services, and other projects that support our mission. They also include administrative, financial, and grant support to the organization.
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $15,406,305.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $81M to $105M (+30%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 10% · 2018 11% · 2019 18% · 2020 9% · 2021 10% · 2022 37% · 2023 11% · 2024 3%. Grants only. Government contracts and fees sit inside program revenue.
61% of MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Gary Thibert
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 3 funders, grant income rose $660k → $1.4M.
1 of 10 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION leans on a few funders — its largest provides 74% of grant income and the top three 91%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
83% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 95% · 2018 98% · 2019 83% · 2020 92% · 2021 100% · 2022 48% · 2023 42% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
40% of MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION's funders are still giving 3 years after their first grant; 50% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION draws 82% of its grant income from funders outside Minnesota, across 4 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $5k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION runs a healthier operating margin than three-quarters of the 659 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 659 community improvement nonprofits $10M–$100M, FY2024
Government funding MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $5.0M on record.
- Department of the Treasury$4.6M
- Department of Health and Human Services$488k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
93% of spending goes to programs.
Governance
Public support
85%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 12 related entities
- Zephyr Estates · disregarded
- Eleventh Avenue Apartments · disregarded
- Barbara Avenue Apartments · disregarded
- Eastside Partners · disregarded
- Meadow Run Apartments · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION?
- MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION (Minnesota) receives grants from 10 organizations whose IRS filings report $6,954,113 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($5,124,095). 5 of them have funded it in more than one year.
- How many funders does MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION have?
- IRS filings report 10 organizations giving $6,954,113 in grants to MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION, 5 of which have funded it in more than one year.
- Who is the largest funder of MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION?
- NEIGHBORHOOD REINVESTMENT CORPORATION is the largest funder on record, with $5,124,095 in grants. The full list of funders is on this page.
- How can an organization like MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 10 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing