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Filing year 2023

MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION

Detroit Lakes, Minnesota·EIN 41-0972298·NTEE S400 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$6.7M
Total assets
$81.4M
Total expenses
$5.1M
Reported officers
23
Mission

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

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 22 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.

President
Above 90th percentilevs Community Improvement & Capacity Building peers in Minnesota
$411k
$454k
Base
$272k
Bonus
$75k
Other
Benefits
$25k
Chief Financial Officer
75th to 90th percentile
$221k
$245k
Base
$185k
Bonus
$15k
Other
Benefits
$11k
VP Administration
Board Vice President
Median to 75th percentile
$190k
$210k
Base
$133k
Bonus
$18k
Other
Benefits
$32k
Mgr New Market Tax Credit
Highest Compensated Employee
Median to 75th percentile
$158k
$175k
Base
$123k
Bonus
Other
Benefits
$29k
Development Officer
Highest Compensated Employee
25th percentile to median
$146k
$162k
VP Mortgage Lending
Board Vice President
25th percentile to median
$143k
$157k
VP Business Development
Board Vice President
25th percentile to median
$139k
$154k
Director of Housing & Re
Highest Compensated Employee
10th to 25th percentile
$120k
$132k
Director
Officer (Unspecified)
$9k
$10k
Director
Board Member
10th to 25th percentile
$6k
$6k
Vice Chair
Board Vice Chair
25th percentile to median
$6k
$6k
Secretary
Officer (Unspecified)
$5k
$6k
Treasurer
Officer (Unspecified)
$5k
$6k
Director
Board Member
10th to 25th percentile
$5k
$6k
Director
Board Member
10th to 25th percentile
$5k
$5k
Chair
Board Chair
10th to 25th percentile
$5k
$5k
Director
Board Member
10th to 25th percentile
$4k
$4k
Director
Board Member
10th to 25th percentile
$4k
$4k
Director
Board Member
10th to 25th percentile
$3k
$4k
Director
Board Member
10th to 25th percentile
$3k
$3k
Director
Board Member
10th to 25th percentile
$3k
$3k
Director
Board Member
Below 10th percentile
$2k
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION equaled 8% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
8%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION

What does the Chief Executive Officer of MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION earn?

In 2023, the Chief Executive Officer of MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION received $411,022 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Minnesota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Minnesota, the 2023 pay of the Chief Executive Officer at MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION falls in the top 10%. In 2023, the highest total compensation at MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION equaled 8% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION's revenue and expenses?

In 2023, MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION reported $6.7M in total revenue and $5.1M in total expenses on its IRS Form 990.

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