Twin Cities-Metro Certified Development
Twin Cities-Metro Certified Development Company (TCM CDC) is a non-profit corporation established in 1990 to stimulate small business growth by providing access to the U.S. Small Business Administration's 504 loan program. Operating throughout Minnesota and select counties in Western Wisconsin, TCM has grown to become one of the largest CDCs in the country by successfully partnering with business owners and financial institutions to arrange financing for the acquisition or expansion of owner-occupied commercial real estate and capital equipment purchases.
Twin Cities-Metro Certified Development at a glance
In short: Twin Cities-Metro Certified Development gave $100K across 5 grants in 2025 (avg $20K), mostly in Minnesota. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $100,000
- +0.0% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $20,000
- +0.0% vs 2024
- Median grant
- $25,000
- Total assets
- $7,493,854
- +0.9% vs 2024
- Primary geography
- Minnesota (90% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who Twin Cities-Metro Certified Development funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Neighborhood Development Center ($25K). Together the top 5 received $100K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 25 grants of 25 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Twin Cities-Metro Certified Development gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $100K (2019) to $100K (2025). In 2025 it made 5 grants totaling $100K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Neighborhood Development Center Saint Paul, MN | General Operating Grant | $25,000 |
| Metropolitan Economic Development Association Minneapolis, MN | General Operating Grant | $25,000 |
| Metropolitan Consortium of Community Developers Minneapolis, MN | General Operating Grant | $25,000 |
| Women Venture St. Paul, MN | General Operating Grant | $15,000 |
| St Croix Economic Development Corporation Hudson, WI | General Operating Grant | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $7,493,854 | $3,938,336 | $3,960,053 | $100,000 | 5 | $172,558 |
| 2024 | $7,429,184 | $3,600,147 | $3,682,503 | $100,000 | 5 | $152,036 |
| 2023 | $7,320,907 | $3,331,044 | $3,585,188 | $100,000 | 5 | $80,937 |
| 2022 | $7,176,468 | $3,463,785 | $3,232,304 | $100,000 | 5 | $44,926 |
| 2021 | $6,544,135 | $3,126,535 | $2,904,521 | $100,000 | 5 | $133,980 |
| 2020 | $5,904,729 | $3,357,156 | $3,007,587 | $100,000 | 5 | $237,322 |
| 2019 | $5,607,845 | $3,074,278 | $2,864,591 | $100,000 | 5 | $338,651 |
About Twin Cities-Metro Certified Development
Based on IRS filings
Twin Cities-Metro Certified Development is a public charity focused on Economically disadvantaged people, based in Vadnais Heights, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $7.5M in total assets. In 2025, it awarded 5 grants totaling $100K. Net investment income was $173K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Twin Cities-Metro Certified Development is led by Pete Ingebrand, President on every filing since 2019; 20 of 22 officers listed in 2025 are compensated.
Officers on the 2025 filing
Pete Ingebrand
President
On filings since 2019
45 hrs/week
$274K (2019) → $290K (2025)
Jim Louwagie
Board Member & Chair
Vice Chair → Board Member & Vice Chair, 2022
Board Member & Vice Chair → Board Member & Chair, 2024
On filings since 2019
2.5 hrs/week
$3K (2019) → $6K (2025)
Bryan Toft
Board Member
On filings since 2019
1.5 hrs/week
$2K (2019) → $2K (2025)
David Wasmuth
Board Member
Board Chair → Board Member, 2021
On filings since 2019
2.5 hrs/week
$6K (2019) → $4K (2025)
Dennis Welch
Board Member
Board Chair → Board Member & Chair, 2022
Board Member & Chair → Board Member, 2024
On filings since 2019
2.5 hrs/week
$5K (2019) → $3K (2025)
Jonathan Dolphin
Board Member
On filings since 2019
1.5 hrs/week
$2K (2019) → $3K (2025)
Levi Smith
Board Member
On filings since 2019
1.5 hrs/week
$2K (2020) → $2K (2025)
Melissa Miller
Loan Officer
On filings since 2019
45 hrs/week
$120K (2019) → $154K (2025)
Michael Kinderman
Loan Officer
On filings since 2019
45 hrs/week
$121K (2019) → $148K (2025)
Mike Brass
Board Member
On filings since 2019
1.5 hrs/week
$2K (2020) → $2K (2025)
Sheil Nelson
Senior Lender
Senior Lendo → Senior Lende, 2021
Senior Lende → Senior Lender, 2022
On filings since 2019
45 hrs/week
$172K (2019) → $224K (2025)
Royce Nelligan
Board Member
On filings since 2020
2.5 hrs/week
$2K (2021) → $4K (2025)
Shelley Peterson
Board Member
On filings since 2022
1.5 hrs/week
$3K (2022) → $2K (2025)
Brad Benesh
Board Member
On filings since 2024
1.5 hrs/week
$2K (2025)
Kevin Maas - Board Member
Treasurer & Secretary
On filings since 2024
2.5 hrs/week
$4K (2024) → $5K (2025)
Michael Kinninger
Loan Officer
On filings since 2024
45 hrs/week
$165K (2024) → $167K (2025)
Mike Scholl
Board Member
On filings since 2024
1.5 hrs/week
$2K (2025)
Steve Powell
Board Member
On filings since 2024
1.5 hrs/week
$2K (2025)
Deborah Gustafson - Senior
Lender & Senior Vice President
New on the 2025 filing
45 hrs/week
$265K (2025)
Paul Lambert - Secretary
Senior Vice President
New on the 2025 filing
45 hrs/week
$211K (2025)
Deborah Malmberg Smith
Board Member
New on the 2025 filing
1.5 hrs/week
No compensation reported
Kate Crow
Board Member
New on the 2025 filing
1.5 hrs/week
No compensation reported
Former officers (11)
- Former: Carol Maloney (2019–2024) — Board Member
- Former: Deborah Gustafson (2019–2024) — Senior Lender & Senior Vice President
- Former: Paul Lambert (2019–2024) — Secretary & Senior Vice President
- Former: Al Madsen (2019–2023) — Board Member
- Former: Bruce Halbasch (2019–2023) — Board Member
- Former: Kevin Maas (2019–2023) — Board Member & Treasurer
- Former: Leonard Kirscht (2019–2023) — Board Member
- Former: Robert Heck (2019–2023) — Board Member
- Former: Terrie Orloff (2020–2023) — Loan Officer
- Former: Heidi Pautsch (2022) — Loan Officer & Vice President
- Former: Shelley Peterson-Bourland (2019–2021) — Board Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $290K, to Pete Ingebrand (President). 20 officers or directors reported compensation on that filing.
Frequently asked questions about Twin Cities-Metro Certified Development
How much does Twin Cities-Metro Certified Development give each year?
Twin Cities-Metro Certified Development gave $100K across 5 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $100K across 5 grants.
What is Twin Cities-Metro Certified Development's typical grant size?
Twin Cities-Metro Certified Development's median grant in 2025 was $25,000, and its average grant was $20,000, across 5 grants on its 2025 IRS Form 990.
Where does Twin Cities-Metro Certified Development give grants?
Twin Cities-Metro Certified Development gives mostly in Minnesota: 90% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest state was Wisconsin (10%). The most frequent recipient cities were Minneapolis, MN (2 grants) and Saint Paul, MN (2 grants).
Does Twin Cities-Metro Certified Development give general operating support?
Yes: 100% of Twin Cities-Metro Certified Development's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990.
Who are Twin Cities-Metro Certified Development's largest grantees?
Twin Cities-Metro Certified Development's largest 2025 grantees include Neighborhood Development Center ($25,000), Metropolitan Economic Development Association ($25,000) and Metropolitan Consortium of Community Developers ($25,000), according to its 2025 IRS Form 990. Together they received 75% of its itemized 2025 grant dollars.
How large is Twin Cities-Metro Certified Development?
Twin Cities-Metro Certified Development reported $7.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.9M.
What is Twin Cities-Metro Certified Development?
Twin Cities-Metro Certified Development is a public charity focused on Economically disadvantaged people, based in Vadnais Heights, MN. It holds $7.5M in total assets as of 2025.
What is Twin Cities-Metro Certified Development's EIN?
Twin Cities-Metro Certified Development's EIN (Employer Identification Number) is 41-1672450. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS January 22, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS February 8, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS January 25, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS February 1, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS January 22, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS February 6, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS January 26, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
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