Nonprofit Development Corp is located in Wayzata, MN.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2015
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MANAGED THE CONTRACTS RELATED TO CONSTRUCTION AND CONTINUED MAINTENANCE OF A NONPROFIT CHARTER MIDDLE SCHOOL. IN 2013 THIS EXPANEDED TO A SECOND NONPROFIT CHARTER ELEMENTARY SCHOOL. IN DOING SO, THE ORGANIZATION ASSISTED THE NONPROFIT CHARTER SCHOOLS IN THEIR OPERATIONS AND FULFILLMENT OF THEIR EXEMPT PURPOSE.
THE ORGANIZATION WILL WORK WITH OTHER LOCAL NONPROFIT AFFORDABLE HOUSING ORGANIZATIONS TO EDUCATE APPLICANTS ABOUT HOME OWNERSHIP, THROUGH A REQUIRED COURSE. TOPICS INCLUDE THE REAL ESTATE PROCESS, FINANCING & HOME MAINTENANCE.
THE ORGANIZATION WILL PROVIDE ITS EXPERTISE TO NONPROFIT COMMUNITY DEVELOPMENT AGENCIES WHO MAY LACK THE EXPERIENCE TO UNDERSTAND CONSTRUCTION & REAL ESTATE. IN 2014 IT WILL ENGAGE IN PRE-DEVELOPMENT CONSTRUCTION LENDING PROJECTS CIVIL RIGHTS COMPLIANCE, AND GENERAL INNER-CITY CONSTRUCTION.
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $0 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $0 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $0 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $19,392 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $19,392 |
Accounts payable and accrued expenses | $19,392 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $19,392 |