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Midwest Minnesota Community Development

DETROIT LAKES, MN EIN: 41-0972298 Website

THE MISSION OF MMCDC IS TO ASSIST COMMUNITIES AND INDIVIDUALS ACHIEVE A BETTER QUALITY OF LIFE.

Financial Overview

From 2024 IRS Form 990-PF · 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

About Midwest Minnesota Community Development

Based on IRS filings

Midwest Minnesota Community Development is a nonprofit organization focused on Community Improvement & Capacity Building, based in DETROIT LAKES, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $105.4M in total assets. In 2024, it awarded 16 grants totaling $793K. Net investment income was $335K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

BEMIDJIDETROIT LAKESDULUTHMINNEAPOLISOGEMAOWATONNAPERHAMSAINT PAULSLAYTONST AUGUSTAZUMBROTA

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$7M$14M$21M$28M20202021202220232024
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
Qualifying Distributions
Net Investment Income$334,892$258,864$51,765
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$198K$397K$595K$793K5 grants20205 grants20215 grants20224 grants202316 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

CITY OF PERHAM$100KMN CDFI COALITION$98KBUILD WEALTH MN INC$75KCOMMUNITY NEIGHBORHOOD H…$75KWHITE EARTH INVESTMNET I…$55KPROJECT FOR PRIDE IN LIV…$50KTCHFH LENDING INC$50KTHREE RIVERS COMMUNITY A…$50KWHITE EARTH INVESTMNET I…$40KPRG INC$40K

Grant Size Distribution

35 grants across all recorded years

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

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

JULIA NELMARKPRESIDENT$358KMATTHEW NELSONCHIEF FINANCIAL OFFICER$170KKAREN LARSONVP MORTGAGE LENDING$135KNICOLE KIRCHNERVP BUSINESS DEVELOPMENT$131KTIM SWENSONMGR NEW MARKET TAX CREDIT$129KJAMIE MARKS ERICKSONDEVELOPMENT OFFICER$128KLAURA MCKNIGHTDIRECTOR OF HOUSING & RE$113KPAUL IHLEDIRECTOR$13KGARY THIBERTCHAIR$6KBREANNA ADAMSSECRETARY$6KLORI GUENTHERVICE CHAIR$6KJEFF HAUKEBOTREASURER$5KJIM DAGGDIRECTOR$5KLISA WEBERDIRECTOR$5KLESTER LILJEDAHLDIRECTOR$5KMONICA HEDSTROMDIRECTOR$5KMELINDA IVERSONDIRECTOR$5KMARIA LINDSTROMDIRECTOR$5KMARK FINSTADDIRECTOR$4K

From 2024 filing

NameTitleHoursCompensation
PAUL IHLEDIRECTOR2$12,750
GARY THIBERTCHAIR2$5,750
JEFF HAUKEBOTREASURER2$5,000
BREANNA ADAMSSECRETARY2$5,500
JIM DAGGDIRECTOR2$5,000
LORI GUENTHERVICE CHAIR2$5,500
LESTER LILJEDAHLDIRECTOR2$4,750
LISA WEBERDIRECTOR2$5,000
MARK FINSTADDIRECTOR2$3,750
MONICA HEDSTROMDIRECTOR2$4,500
MELINDA IVERSONDIRECTOR2$4,500
MARIA LINDSTROMDIRECTOR2$4,500
JULIA NELMARKPRESIDENT50$358,337
MATTHEW NELSONCHIEF FINANCIAL OFFICER50$169,979
NICOLE KIRCHNERVP BUSINESS DEVELOPMENT45$130,961
JAMIE MARKS ERICKSONDEVELOPMENT OFFICER45$127,979
TIM SWENSONMGR NEW MARKET TAX CREDIT45$129,344
LAURA MCKNIGHTDIRECTOR OF HOUSING & RE45$112,877
KAREN LARSONVP MORTGAGE LENDING45$134,649

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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