Metropolitan Consortium of Community
The Metropolitan Consortium of Community Developers (MCCD) is a 501(c)(3) nonprofit organization based in Minneapolis, Minnesota, designated as tax-exempt since May 1994. MCCD operates as a statewide association of nonprofit community development organizations and Community Development Financial Institutions (CDFIs) committed to expanding access to wealth and resources for neighborhoods through housing and economic development initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.8M
-2.3% YoY
Annual Giving
$710K
+176.4% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$142K
+121.1% YoY
Mission & Focus Areas
Mission Statement: "Work collectively to build strong, stable communities by leveraging resources for the development of people and places."
Strategic Goals:
- Increase popular, political, business, and financial support for community-based housing and small business development organizations
- Create access to loan capital and technical assistance for emerging entrepreneurs
- Increase the effectiveness of community-based development through coordination, collaboration, and capacity building activities
Primary Focus Areas:
- Community improvement and capacity building
- Small business development and entrepreneurship
- Affordable housing development
- Economic development with emphasis on racial equity
- Support for BIPOC and immigrant-owned small businesses
- Worker cooperatives and housing cooperatives
- Workforce preparation and job readiness
Grantmaking
MCCD operates a micro-loan program designed to improve capital access for new and growing neighborhood-based businesses. Since beginning lending in 1989, MCCD has invested over $6 million to more than 500 entrepreneurs.
Review Cycle
is specified. The organization appears to maintain continuous intake of proposals, with December serving as the fiscal year end.
How to Apply
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Geographic Focus
Where this funder awards grants
MCCD operates statewide throughout Minnesota, with headquarters in Minneapolis. The organization works to fill geographic gaps between member organizations across the state.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $14,772,622
- Annual Revenue: $4.63 million
- Total Expenses: $3.77 million
- Total Liabilities: $7.92 million
- Program Expense Ratio: 95.71% (dedicated directly to programs)
Prior Year Data (2023):
- Total Assets: $15,118,278 (ledger value)
- Annual Income: $3,021,353
Staffing: The organization employs 21 staff members (with some sources indicating 13 employees).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,772,622 | $15,118,278 | $15,001,611 |
| Revenue | $4,628,278 | $3,021,353 | $5,078,313 |
| Expenses | $3,769,252 | $2,891,616 | $3,937,490 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $82,925 | $30,686 | $3,073 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
159 grants across all recorded years
Open Grants
1 open opportunity from Metropolitan Consortium of Community
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Elena Gaarder serves as the organization's leader.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GUNNAR CARLSON | CHAIR | 1 | — |
| WILL DELANEY | VICE CHAIR | 1 | — |
| JIM ERCHUL | TREASURER | 1 | — |
| NASIBU SAREVA | SECRETARY | 1 | — |
| JERU GOBEZE | DIRECTOR | 1 | — |
| PERLA MAYO | DIRECTOR | 1 | — |
| ANISHA MURPHY | DIRECTOR | 1 | — |
| MANDY PANT | DIRECTOR | 1 | — |
| ASALESOL YOUNG | DIRECTOR | 1 | — |
| LAURA ZABEL | DIRECTOR | 1 | — |
| ELENA GAARDER | CHIEF EXECUTIVE OFFICER | 40 | $163,747 |
| TRISH DEANDA | CHIEF FINANCIAL OFFICER | 40 | $145,252 |
| TYLER HILSABECK | DIRECTOR OF SMALL BUSINESS DEVELOPMENT | 40 | $125,372 |
Recent News & Activity
Recent developments and announcements
MCCD has been recognized for advancing economic mobility and racial and economic justice initiatives. The organization has pushed to expand the Department of Employment and Economic Development's (DEED) Small Business Assistance Partnership Program, resulting in increased grants made to BIPOC and low-wealth entrepreneurs.
$3.4 Million in Grants to Advance Economic MobilityThe organization has also been involved in helping create Minnesota's first state-level initiatives supporting community development priorities.
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Metropolitan Consortium of Community on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities