Midwest Minnesota Community Development Corporation logo

Midwest Minnesota Community Development Corporation

Public charity · Grantmaker Detroit Lakes, MN EIN: 41-0972298 Website

Midwest Minnesota Community Development (MMCDC) is a Detroit Lakes, Minnesota–based public charity and nonprofit Community Development Financial Institution that provides lending, housing, business, and community development services. Its website describes work across Minnesota and the Upper Midwest, and says its financing and real estate activities also extend to North Dakota, South Dakota, and Wyoming.

Key facts about Midwest Minnesota Community Development Corporation

In short: Midwest Minnesota Community Development Corporation gave $793K across 16 grants in 2024 (avg $50K), mostly in Minnesota. Source: 2024 IRS Form 990.

EIN
41-0972298
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$793,000
Grants made (2024)
16
Average grant
$49,563
Median grant
$45,000
Total assets
$105,429,607
Primary geography
Minnesota (100% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$105.4M

+29.6% YoY

Annual Giving

$793K

+462.5% YoY

Grant Count

16

+300.0% YoY

Avg Grant Size

$50K

+40.6% YoY

How Midwest Minnesota Community Development Corporation gives

  • Giving grew 543% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

MMCDC’s stated mission is to assist communities and individuals in achieving a better quality of life. Its website describes commercial loans for for-profit and nonprofit enterprises, mortgage lending, affordable rental housing, housing development, and New Markets Tax Credit financing. Its New Markets Tax Credit allocations are intended primarily for qualified areas of Minnesota, North Dakota, South Dakota, and Wyoming.

In its 2024 filing, MMCDC reported providing 166 first-time homebuyer mortgage loans and 160 additional down-payment assistance loans to low-income people and places. It also reported $5,109,460 in commercial and New Markets Tax Credit loans, and managing 278 rental units. These are program activities, not grants to outside applicants.

The 2024 grants included support for organizations whose stated work includes homeownership education, advising, and lending. For example, Community Neighborhood Housing Services says its mission is to help people buy, fix, and keep their homes; Build Wealth MN says it works to advance social and economic wealth through community, economic, and housing development; and TCHFH Lending says it helps people underserved by traditional mortgage providers attain homeownership. Other grantees describe work in affordable housing, resident services, career readiness, community development, and meeting basic human needs.

Grantmaking

In filing year 2024, MMCDC reported 16 grants totaling $793,000. Grant amounts ranged from $20,000 to $100,000, with a median of $45,000. All reported grant dollars went to recipients in Minnesota.

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Geographic Focus

Where this funder awards grants

MMCDC’s website says it provides lending, housing, and community development services throughout Minnesota and the Upper Midwest, with financing and real estate work also described in North Dakota, South Dakota, and Wyoming. Its 2024 reported grants were all made to Minnesota recipients.

Grant Distribution by State

1state

Share of 2024 grant dollars across all 16 itemized grants.

States

Cities

Detroit LakesOgemaMinneapolisSaint PaulOwatonnaBemidjiDuluthPerhamSlaytonSt AugustaZumbrota

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K5 grants2020 5 grants2021 5 grants2022 4 grants2023 16 grants2024

From 2020 to 2024, annual grant giving ranged from $123K (2021) to $793K (2024). In 2024 it made 16 grants totaling $793K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

City of Perham: $100KCity of Perham$100KMN Cdfi Coalition: $98KMN Cdfi Coalition$98KWhite Earth Investmnet Initiative: $95K across 2 grantsWhite Earth InvestmnetInitiative$95K · 2 grantsBuild Wealth MN Inc: $75KBuild Wealth MN Inc$75KCommunity Neighborhood Housing Services: $75KCommunity Neighborhood HousingServices$75KProject for Pride in Living Inc: $50KProject for Pride in LivingInc$50KTCHFH Lending Inc: $50KTCHFH Lending Inc$50KThree Rivers Community Action: $50KThree Rivers Community Action$50KPRG Inc: $40KPRG Inc$40KMinnesota Home Ownership Center: $30KMinnesota Home OwnershipCenter$30K

The largest 2024 recipient was City of Perham ($100K). Together the top 10 received $663K.

Grant Size Distribution

35 grants across all recorded years

21<$50K13$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 21 grants of 35 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
City of Perham Perham, MNNMTC$100,000
MN Cdfi Coalition Minneapolis, MNFiscal Sponsorship$98,000
Build Wealth MN Inc Minneapolis, MNDPA Capacity Grant$75,000
Community Neighborhood Housing Services Saint Paul, MNDPA Capacity Grant$75,000
White Earth Investmnet Initiative Ogema, MNOperating Fund$55,000
Project for Pride in Living Inc Minneapolis, MNDPA Capacity Grant$50,000
TCHFH Lending Inc Saint Paul, MNDPA Capacity Grant$50,000
Three Rivers Community Action Zumbrota, MNDPA Capacity Grant$50,000
White Earth Investmnet Initiative Ogema, MNIRS Vita Tax Site$40,000
PRG Inc Minneapolis, MNDPA Capacity Grant$40,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants reported
2024 $105,429,607 $25,316,666 $16,636,513 $793,000 (16 grants)
2023 $81,350,440 $6,717,967 $5,081,680 $140,985 (4 grants)
2022 $79,318,282 $6,318,095 $5,398,526 $153,333 (5 grants)
Revenue
Expenses
Net Investment Income
$0$10M$20M$30M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$105,429,607$81,350,440$79,318,282
Revenue$25,316,666$6,717,967$6,318,095
Expenses$16,636,513$5,081,680$5,398,526
Net Investment Income$334,892$258,864$51,765

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS September 9, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 8, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS October 27, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS November 8, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS November 4, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Gary Thibert as chair, Lori Guenther as vice chair, Jeff Haukebo as treasurer, and Breanna Adams as secretary. It also lists Paul Ihle, Jim Dagg, Lester Liljedahl, Lisa Weber, Mark Finstad, and Monica Hedstrom as directors.

Midwest Minnesota Community Development Corporation is led by Julia Nelmark, President on every filing since 2020; all 19 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Julia Nelmark

    President

    On filings since 2020

    50 hrs/week

    $373K (2020) → $358K (2024)

  • Gary Thibert

    Chair

    Vice Chair → Chair, 2023

    On filings since 2020

    2 hrs/week

    $5K (2020) → $6K (2024)

  • Jim Dagg

    Director

    On filings since 2020

    2 hrs/week

    $6K (2020) → $5K (2024)

  • Lester Liljedahl

    Director

    On filings since 2020

    2 hrs/week

    $6K (2020) → $5K (2024)

  • Paul Ihle

    Director

    Chair → Director, 2023

    On filings since 2020

    2 hrs/week

    $6K (2020) → $13K (2024)

  • Laura McKnight

    Director of Housing

    On filings since 2021

    45 hrs/week

    $113K (2021) → $113K (2024)

  • Lisa Weber

    Director

    On filings since 2021

    2 hrs/week

    $3K (2021) → $5K (2024)

  • Maria Lindstrom

    Director

    On filings since 2023

    2 hrs/week

    $5K (2023) → $5K (2024)

  • Mark Finstad

    Director

    On filings since 2023

    2 hrs/week

    $4K (2023) → $4K (2024)

  • Melinda Iverson

    Director

    On filings since 2023

    2 hrs/week

    $3K (2023) → $5K (2024)

  • Monica Hedstrom

    Director

    On filings since 2023

    2 hrs/week

    $3K (2023) → $5K (2024)

  • Breanna Adams

    Secretary

    On filings since 2020

    2 hrs/week

    $7K (2020) → $6K (2024)

  • Jamie Marks Erickson

    Development Officer

    On filings since 2020

    45 hrs/week

    $102K (2020) → $128K (2024)

  • Jeff Haukebo

    Treasurer

    On filings since 2020

    2 hrs/week

    $7K (2020) → $5K (2024)

  • Lori Guenther

    Vice Chair

    Director → Vice Chair, 2023

    On filings since 2020

    2 hrs/week

    $6K (2020) → $6K (2024)

  • Nicole Kirchner

    Vice President Business Development

    On filings since 2020

    45 hrs/week

    $110K (2020) → $131K (2024)

  • Karen Larson

    Vice President Mortgage Lending

    On filings since 2021

    45 hrs/week

    $112K (2021) → $135K (2024)

  • Tim Swenson

    Manager New Market Tax Credit

    On filings since 2022

    45 hrs/week

    $104K (2022) → $129K (2024)

  • Matthew Nelson

    Chief Financial Officer

    New on the 2024 filing

    50 hrs/week

    $170K (2024)

Former officers (11)
  • Former: Dan Stevens (2020–2023) — Director
  • Former: David Burggraf (2020–2023) — Director
  • Former: Steve Wiebolt (2020–2023) — Vice President Administration
  • Former: Scott Omlid (2021–2023) — Chief Financial Officer
  • Former: Maria Pretzer (2022–2023) — Director
  • Former: Arlen Kangas (2020–2021) — Chief Economist
  • Former: Christine Clark (2020–2021) — Former Chief Financial Officer
  • Former: Janet Green (2020–2021) — Director
  • Former: Lorna Lague (2020–2021) — Director
  • Former: Tara Wolff (2020–2021) — Director
  • Former: Kathy Misson (2020) — Vice President Mortgage Lending

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Julia Nelmark — President: $358KJulia NelmarkPresident$358KMatthew Nelson — Chief Financial Officer: $170KMatthew NelsonChief Financial Officer$170KKaren Larson — VP Mortgage Lending: $135KKaren LarsonVP Mortgage Lending$135KNicole Kirchner — VP Business Development: $131KNicole KirchnerVP Business Development$131KTim Swenson — MGR New Market Tax Credit: $129KTim SwensonMGR New Market Tax Credit$129KJamie Marks Erickson — Development Officer: $128KJamie Marks EricksonDevelopment Officer$128KLaura McKnight — Director of Housing & Re: $113KLaura McKnightDirector of Housing & Re$113KPaul Ihle — Director: $13KPaul IhleDirector$13KGary Thibert — Chair: $6KGary ThibertChair$6KBreanna Adams — Secretary: $6KBreanna AdamsSecretary$6KLori Guenther — Vice Chair: $6KLori GuentherVice Chair$6KJeff Haukebo — Treasurer: $5KJeff HaukeboTreasurer$5KJim Dagg — Director: $5KJim DaggDirector$5KLisa Weber — Director: $5KLisa WeberDirector$5KLester Liljedahl — Director: $5KLester LiljedahlDirector$5KMonica Hedstrom — Director: $5KMonica HedstromDirector$5KMelinda Iverson — Director: $5KMelinda IversonDirector$5KMaria Lindstrom — Director: $5KMaria LindstromDirector$5KMark Finstad — Director: $4KMark FinstadDirector$4K

The highest reported compensation on the 2024 filing was $358K, to Julia Nelmark (President). 19 officers or directors reported compensation on that filing.

Contact

Mailing address: 119 Graystone Plaza Suite 100, Detroit Lakes, MN 56501-3034
Phone: (218) 847-3191
Website: https://mmcdc.com

Frequently asked questions about Midwest Minnesota Community Development Corporation

How much does Midwest Minnesota Community Development Corporation give each year?

Midwest Minnesota Community Development Corporation gave $793K across 16 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $141K across 4 grants.

What is Midwest Minnesota Community Development Corporation's typical grant size?

Midwest Minnesota Community Development Corporation's median grant in 2024 was $45,000, and its average grant was $49,563, across 16 grants on its 2024 IRS Form 990.

Where does Midwest Minnesota Community Development Corporation give grants?

Midwest Minnesota Community Development Corporation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Minneapolis, MN (4 grants), Saint Paul, MN (3 grants) and Ogema, MN (2 grants).

Does Midwest Minnesota Community Development Corporation give general operating support?

Occasionally: 6% of Midwest Minnesota Community Development Corporation's 2024 grants with a stated purpose (1 of 16) were for general or operating support, per its 2024 IRS Form 990. Recurring purposes include "DPA Capacity Grant" (11 grants).

Who are Midwest Minnesota Community Development Corporation's largest grantees?

Midwest Minnesota Community Development Corporation's largest 2024 grantees include City of Perham ($100,000), MN Cdfi Coalition ($98,000) and White Earth Investmnet Initiative ($95,000 across 2 grants), according to its 2024 IRS Form 990. Together they received 37% of its itemized 2024 grant dollars.

How large is Midwest Minnesota Community Development Corporation?

Midwest Minnesota Community Development Corporation reported $105.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $25.3M.

What does Midwest Minnesota Community Development Corporation fund?

MMCDC’s stated mission is to assist communities and individuals in achieving a better quality of life. Its website describes commercial loans for for-profit and nonprofit enterprises, mortgage lending, affordable rental housing, housing development, and New Markets Tax Credit financing. See mission & focus areas ↑

How do I apply for a grant from Midwest Minnesota Community Development Corporation?

Midwest Minnesota Community Development Corporation has no public application process in the sources Grantable reviewed. Check mmcdc.com for current guidelines, or contact the foundation directly before submitting a request.

What is Midwest Minnesota Community Development Corporation's EIN?

Midwest Minnesota Community Development Corporation's EIN (Employer Identification Number) is 41-0972298. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.

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