Grantmaking public charityEIN 410972298
MIDWEST MINNESOTA COMMUNITY DEVELOPMENT
DETROIT LAKES, MN 565013034
Total Assets
$105.4M
FY 2024
Annual Giving
$793K
FY 2024
Grants Made
16
FY 2024
Avg Grant
$50K
FY 2024
Grant Range
—
Typical
Deadlines
—
Applications
Programs & Activities
Program 1
$1.7MBusiness development: mmcdc provided commercial and new markets tax credit loans totaling $5,109,460 in 2024. This investment is expected to create 18 new jobs. It also supports purchase, construction, or improvement of 57,633 square feet of commercial real estate. 76% of the dollars were invested in disadvantaged communities, 56% in rural communities, and 27% of the borrowers were minority, or low-income owned or controlled businesses.
Program 2
$1.2MAffordable housing development: we managed 278 rental units (28 commercial and 250 residential) as well as a county eda's housing voucher program, providing 59 vouchers to people in need of stable housing.
Program 3
Other programs: these are additional programs we fund and operate. They include homebuyer education, income tax services, and other projects that support our mission. They also include administrative, financial, and grant support to the organization.
Focus Areas
Financial Snapshot
2024 filing
Total Revenue
$25.3M
Total Expenses
$16.6M
Giving Over Time
5 years
Total dollars recorded per filing year. Scale adjusts to the foundation's range.
Top Recipients
32 grants
Grant Size Distribution
32 grants
Geographic Focus
1 states
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