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Grundy Development Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Public Housing Facilities (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.19M (2024)

Expenses
$1.02M (2024)

Total Assets
$2.16M (2024)

Total Liabilities
$839k (2024)

Source: Form 990 tax filings from 2010 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,192,866
Expenses
$1,023,550
Net Income
$169,316
Net Assets
$1,325,826
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,130,076
94.7%
Investment Income $1,345
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,539
Net Inventory Sales $0
Other Revenue $62,984
5.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $338,532
33.1%
Assets/Debt
Total Assets $2,164,392
Total Liabilities $838,566
Net Assets $1,325,826
Compensation
Key Employees and Officers Compensation Related Other
Lauren Offerman (Vice Chair) $0 $0 $0
Shane Gilbertson (Chair) $0 $0 $0
Jc Lawson (Director) $0 $0 $0
Tom Tesdal (Director) $0 $0 $0
Lori Bonarek (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,242,175
Expenses
$532,045
Net Income
$710,130
Net Assets
$1,156,510
Notable Sources of Revenue Percent of Total Revenue
Contributions $650,925
52.4%
Program Services $545,571
43.9%
Investment Income $957
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $44,722
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $166,243
31.2%
Assets/Debt
Total Assets $1,956,862
Total Liabilities $800,352
Net Assets $1,156,510
Compensation
Key Employees and Officers Compensation Related Other
Lauren Offerman (Vice Chair) $0 $0 $0
Shane Gilbertson (Chair) $0 $0 $0
Jc Lawson (Director) $0 $0 $0
Tom Tesdal (Director) $0 $0 $0
Lori Bonarek (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$108,826
Expenses
$113,727
Net Income
-$4,901
Net Assets
$446,380
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $84,895
78.0%
Investment Income $93
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $23,838
21.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $29,095
25.6%
Assets/Debt
Total Assets $1,182,781
Total Liabilities $736,401
Net Assets $446,380
Compensation
Key Employees and Officers Compensation Related Other
Lauren Offerman (Treasurer) $0 $0 $0
Shane Gilbertson (President) $0 $0 $0
Jc Lawson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$114,041
Expenses
$97,161
Net Income
$16,880
Net Assets
$426,281
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $90,440
79.3%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $23,599
20.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $20,038
20.6%
Assets/Debt
Total Assets $1,178,536
Total Liabilities $752,255
Net Assets $426,281
Compensation
Key Employees and Officers Compensation Related Other
Lauren Offerman (Treasurer) $0 $0 $0
Shane Gilbertson (President) $0 $0 $0
T Brent Newman (Vice President) $0 $0 $0
Tom Tesdal (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$118,633
Expenses
$83,923
Net Income
$34,710
Net Assets
$404,401
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,566
8.9%
Program Services $85,772
72.3%
Investment Income $72
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $22,223
18.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $18,353
21.9%
Assets/Debt
Total Assets $1,170,415
Total Liabilities $766,014
Net Assets $404,401
Compensation
Key Employees and Officers Compensation Related Other
Marge Ferguson (Director) $0 $0 $0
Shane Gilbertson (Vice President) $0 $0 $0
Pete Fleming (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$123,001
Expenses
$89,033
Net Income
$33,968
Net Assets
$369,691
Notable Sources of Revenue Percent of Total Revenue
Contributions $23,113
18.8%
Program Services $76,516
62.2%
Investment Income $387
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $22,985
18.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $20,118
22.6%
Assets/Debt
Total Assets $1,172,431
Total Liabilities $802,740
Net Assets $369,691
Compensation
Key Employees and Officers Compensation Related Other
John Hanson (Director) $0 $0 $0
Warren K Olson (President) $0 $0 $0
Pete Flemming (Secretary/Treas) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$101,549
Expenses
$99,690
Net Income
$1,859
Net Assets
$335,723
Notable Sources of Revenue Percent of Total Revenue
Contributions $101
0.1%
Program Services $77,192
76.0%
Investment Income $315
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $23,941
23.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $24,003
24.1%
Assets/Debt
Total Assets $1,174,148
Total Liabilities $838,425
Net Assets $335,723
Compensation
Key Employees and Officers Compensation Related Other
John Hanson (Director) $0 $0 $0
Warren K Olson (President) $0 $0 $0
Pete Flemming (Secretary/Treas) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$98,779
Expenses
$84,989
Net Income
$13,790
Net Assets
$333,864
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $78,570
79.5%
Investment Income $136
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20,073
20.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $17,506
20.6%
Assets/Debt
Total Assets $1,195,245
Total Liabilities $861,381
Net Assets $333,864
Compensation
Key Employees and Officers Compensation Related Other
John Hanson (Director) $0 $0 $0
Warren K Olson (President) $0 $0 $0
Pete Flemming (Secretary/Treas) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$102,753
Expenses
$76,738
Net Income
$26,015
Net Assets
$320,074
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,100
5.0%
Program Services $77,731
75.6%
Investment Income $36
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,886
19.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $12,006
15.6%
Assets/Debt
Total Assets $1,236,278
Total Liabilities $916,204
Net Assets $320,074
Compensation
Key Employees and Officers Compensation Related Other
John Hanson (President) $0 $0 $0
Warren K Olson (Treasurer) $0 $0 $0
Pete Flemming (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$97,127
Expenses
$75,639
Net Income
$21,488
Net Assets
$294,059
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,000
5.1%
Program Services $70,506
72.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21,621
22.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $11,365
15.0%
Assets/Debt
Total Assets $1,288,319
Total Liabilities $994,260
Net Assets $294,059
Compensation
Key Employees and Officers Compensation Related Other
John Hanson (President) $0 $0 $0
Warren K Olson (Treasurer) $0 $0 $0
Pete Flemming (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$103,511
Expenses
$92,703
Net Income
$10,808
Net Assets
$272,571
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,945
8.6%
Program Services $76,816
74.2%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $17,748
17.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $15,448
16.7%
Assets/Debt
Total Assets $1,298,580
Total Liabilities $1,026,009
Net Assets $272,571
Compensation
Key Employees and Officers Compensation Related Other
Warren K Olson (Director) $0 $0 $0
Pete Flemming (Director) $0 $0 $0
Marjorie Ferguson (Director) $0 $0 $0
John Hanson (Vice Chair) $0 $0 $0
Larry Tarman (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$102,075
Expenses
$129,649
Net Income
-$27,574
Net Assets
$261,763
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $74,663
73.1%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $27,410
26.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $19,891
15.3%
Assets/Debt
Total Assets $1,314,278
Total Liabilities $1,052,515
Net Assets $261,763
Compensation
Key Employees and Officers Compensation Related Other
John Hanson (Secretary/Treas) $0 $0 $0
Warren K Olson (Director) $0 $0 $0
Larry Tarman (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$87,656
Expenses
$79,552
Net Income
$8,104
Net Assets
$294,468
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $71,143
81.2%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$231
Net Inventory Sales $0
Other Revenue $16,742
19.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $15,597
19.6%
Assets/Debt
Total Assets $1,369,804
Total Liabilities $1,075,336
Net Assets $294,468

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$282,543
Expenses
$146,861
Net Income
$135,682
Net Assets
$294,553
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $69,474
24.6%
Investment Income $82
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $212,987
75.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $12,657
8.6%
Assets/Debt
Total Assets $1,392,706
Total Liabilities $1,098,153
Net Assets $294,553

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$80,300
Expenses
$113,693
Net Income
-$33,393
Net Assets
$158,871
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,500
16.8%
Program Services $66,204
82.4%
Investment Income $6
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $590
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $20,484
18.0%
Assets/Debt
Total Assets $1,326,357
Total Liabilities $1,167,486
Net Assets $158,871

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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