Organizations Filed Purposes:
THE MISSION OF MMCDC IS TO ASSIST COMMUNITIES AND INDIVIDUALS ACHIEVE A BETTER QUALITY OF LIFE.
BUSINESS DEVELOPEMENT: MMCDC PROVIDED $19,727,720 IN COMMERCIAL LOANS IN 2019. THIS INVESTMENT IS EXPECTED TO CREATE 48 ESTIMATED JOBS. IT ALSO SUPPORTS PURCHASE, CONSTRUCTION OR IMPROVEMENT OF 164,781 SQUARE FEET OF COMMERCIAL REAL ESTATE.
AFFORDABLE HOUSING DEVELOPMENT: TOGETHER WITH THE NORTHWEST MINNESOTA HOUSING COOPERATIVE, MMCDC SOLD 8 HOMES AND LOTS IN ITS AFFORDABLE HOUSING DEVELOPMENTS. WE ALSO MANAGED 266 RENTAL UNITS (28 COMMERCIAL AND 238 RESIDENTIAL) AS WELL AS A COUNTY EDA'S HOUSING VOUCHER PROGRAM, PROVIDING 56 VOUCHERS TO PEOPLE IN NEED OF STABLE HOUSING. E IN NEED OF STABLE HOUSING.
AFFORDABLE HOUSING LENDING: MMCDC PROVIDED 182 MORTGAGE LOANS TOTALING $18,115,731, INCLUDING SOFT-SECOND DOWN-PAYMENT ASSISTANCE LOANS PROVIDED TO LOW-INCOME PEOPLE AND PLACES. LOANS FINANCED HOME PURCHASE, RENOVATION AND REFINANCE. PEOPLE SERVED INCLUDED 122 FIRST-TIME HOMEBUYERS.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Kevin Shipley | SPECIAL PROJECTS | 30 | $333,059 |
| Julia Nelmark | PRESIDENT | 50 | $272,469 |
| Arlen Kangas | CHIEF ECONOMIST | 30 | $260,037 |
| Steve Wiebolt | VP ADMINISTRATION | 45 | $136,666 |
| Christy Clark | CHIEF FINANCIAL OFFICER | 50 | $128,732 |
| Kathy Misson | VP MORTGAGE LENDING | 45 | $122,056 |
| Nicole Kirchner | VP BUSINESS DEVELOPMENT | 45 | $109,560 |
| Janet Green | CHAIRWOMAN | 2 | $7,750 |
| Breanna Adams | SECRETARY | 2 | $6,500 |
| Tara Wolff | DIRECTOR | 2 | $6,000 |
| Lester Liljedahl | DIRECTOR | 2 | $5,750 |
| Jeff Haukebo | TREASURER | 2 | $5,500 |
| Lori Guenther | DIRECTOR | 2 | $5,500 |
| Paul Ihle | DIRECTOR | 2 | $5,500 |
| Gary Thibert | VICE CHAIR | 2 | $5,250 |
| Jim Dagg | DIRECTOR | 2 | $4,250 |
| Dan Stevens | DIRECTOR | 2 | $3,500 |
| Lorna Lague | DIRECTOR | 2 | $3,250 |
| David Burggraf | DIRECTOR | 2 | $2,500 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202033079349301293_public.xml