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Filing year 2023

TWIN CITIES-METRO CERTIFIED DEVELOPMENT CO

Vadnais Heights, Minnesota·EIN 41-1672450·4
Total revenue
$3.6M
Total assets
$7.4M
Total expenses
$3.7M
Reported officers
21
Mission

TO STIMULATE PRIVATE SECTOR INVESTMENT BY PROVIDING FUNDING FOR SMALL BUSINESS EXPANSIONS IN MINNESOTA AND WESTERN WISCONSIN THROUGH THE UTILIZATION OF THE SMALL BUSINESS ADMINISTRATION'S 504 LOAN PROGRAM.

Executive compensation, broken down

Form 990 · Schedule J · 18 reported individuals · Filing year 2023

$383k
$418k
Base
$238k
Bonus
$69k
Other
$36k
Benefits
$30k
Senior Lender/senior Vice President
senior vice president
$301k
$329k
Base
$200k
Bonus
$42k
Other
$18k
Benefits
$34k
Senior Lender
highest compensated employee
$258k
$282k
Base
$184k
Bonus
$19k
Other
$11k
Benefits
$37k
Secretary/senior Vice President
vice president
$233k
$255k
Base
$156k
Bonus
$29k
Other
$12k
Benefits
$31k
Loan Officer
highest compensated employee
$181k
$198k
Base
$144k
Bonus
$21k
Other
Benefits
$15k
Loan Officer
highest compensated employee
$160k
$174k
Base
$120k
Bonus
$17k
Other
$17k
Benefits
$3k
Loan Officer
highest compensated employee
$159k
$173k
Base
$128k
Bonus
$15k
Other
Benefits
$11k
Board Member
board member
$6k
$6k
Board Member
board member
$5k
$5k
Board Member/chair
officer (unspecified)
$4k
$5k
Treasurer/secretary
officer (unspecified)
$4k
$4k
Board Member
board member
$3k
$4k
Board Member
board member
$2k
$2k
Board Member
board member
$2k
$2k
Board Member
board member
$2k
$2k
Board Member
board member
$2k
$2k
Board Member
board member
$2k
$2k
Board Member
board member
$2k
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Up 3%
from 2022

From $373k in 2022 to $383k in 2023.

$373k
2022
$383k
2023
In today's dollarsEst.
Roughly flat in real terms$418k to $418k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

TWIN CITIES-METRO CERTIFIED DEVELOPMENT CO reported revenue and expenses across 2 filing years.

RevenueExpenses
$3.3M
$3.6M
2022
$3.6M
$3.7M
2023
Total revenue and total expenses from IRS Form 990 filings.
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