Organizations Filed Purposes:
RDFC encourages economic diversification and community vitality through the generation of funding that supports sustainable asset building.
To provide financing for new or expanding businesses and community development projects in ND.
To encourage economic diversification and revitalization of rural communities in North Dakota and adjacent states, create employment and increase income for displaced farmers and low-income persons, and to enhance essential community services and facilities. To act as an intermediary lender and to develop a sustainable revolving loan pool for rural development lending pursuant to federal regulations and statutes and to provide technical assistance for rural economic development projects. To do all things necessary, suitable, and proper for the accomplishment of any of the purposes or the attainment of the objectives hereinabove stated, either alone or with other corporations, cooperatives, associations, firms or individuals, and to every other act or thing incidental to or growing out of such purpose. In 2019, the following loans were made: N&C Foods - $100,000 participation loan for 20 years at 2% (refinancing existing debt and operating capital); City of Courtenay - $135,000 for 10 years at 2% (construction of a new community center); Valley City-Barnes County Development Corporation - $8,696 for 10 years at 0% until Flex PACE proceeds are expended and ten 2% until paid off (interest buydown for Foell Chiropractic Clinic); Valley City-Barnes County Development Corporation - $16,667 for 10 years at 2% (Flex PACE interest buydown to transition Wagon Wheel Inn to Econolodge); Heidi Smith - $75,000 loan (advanced $68,877.77 as of 12/31/19 with remaining advances occurring in 2020) for 10 years at 2% (addition on to existing home for expanded daycare space); Valley City-Barnes County Development Corporation - $2,861 for 10 years at 2% (Flex PACE interest buydown to purchase building and equipment for Brockopp Brewing, LLC); Valley City-Barnes County Development Corporation - $4,063 for 10 years at 2% (Flex PACE interest buydown to purchase business, inventory, and other expenses for Dakota Silver); Valley City-Barnes County Development Corporation - $7,700 for 10 years at 2% (Flex PACE interest buydown for purchase of building, building improvements, and equipment to establish Wild Prairie Bakery);. 2019 Loan Total $343.864.77.
The RDFC grant program helped rural communities in North Dakota achieve economic diversification and revitalization.In 2019, Arnegard Rural Fire District- $2,000; Kid's Choice Child Care - $2,000; Donnybrook Rural Fire District - $2,000; Antler Outlaws - $2,000; Emmons County Interagency Forum- $2,000; Willis Township - $500; Richardton Park Board - $500; Ellendale Elementary School - $500; Ellendale 4H Shooting Sports Club - $750; North Sargent School - $750; Scranton Rod & Gun Club - $500; Adams County 4H Leaders Council - $500; Little Missouri Saddle Club - $500; Scranton Community Golf Course - $500; Mott Fire Protection District - $500; Barnes County Historical Society - $1,200; Emmanuel Cemetery - $500; Sawyer Community Cemetery - $500; Bantry Union Cemetery - $500; Bisbee Rural Fire Protection District - $1,000; Harvey Volunteer Fire Department - $1,000; Wildrose Golf Course - $1,000; Sunset Park District - $1,000; Cavalier County Cancer Crusaders - $500; Burke County Fair - $1,000; St. Luke's Hospital - $1,000; Hettinger Co Historical - $1,000; Cavalier County Social Services - $500; American Legion Riders - $500; Milton Rural Fire Department - $500; Garrison Area Resource Center - $2,000; Father's Farm - $2,000; Center Park Board - $2,000; NTHSC DBA Lakeside Community Living - $1,000; Grassy Butte Rural Fire Department - $2,000; Oakes Public School - $500; Verona Community Center - $500; Dwight Rural Fire Protection District - $500; Edgeley Ambulance - $500; Assumption Abbey - $100; Total grants - $38,300
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 |
|---|
| Andrew Weiss | Director | 0.5 | $0 |
| Robert Grant | Director | 1 | $0 |
| Allan Engh | Director | 2 | $0 |
| Wes Engbrecht | Director | 1 | $0 |
| Paula Anderson | Director | 2 | $0 |
| Jon Mcmillan | Secretary/Treasurer | 2 | $0 |
| Martin Dahl | Vice President | 2 | $0 |
| David Sigloh | President | 2 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202002959349300445_public.xml