EIN 20-4208381

Heartland Lakes Development Commission

IRS 501(c) type
501(c)(3)
Num. employees
3
City
Park Rapids
Year formed
2005
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Heartland Lakes Development Commission focuses on countywide economic development. It received funding from the Department of Employment & Economic Development (DEED) under the Main Street Economic Revitalization Program in two separate funding rounds aimed at combating negative impacts.
Also known as...
Hubbard County Regional Economic Development; Hubbard County Regional Economic Development Commission
Total revenues
$922,283
2023
Total expenses
$588,572
2023
Total assets
$3,070,645
2023
Num. employees
3
2023

Program areas at Heartland Lakes Development Commission

Heartland Lakes Development commission provides countywide economic Development in hubbard county. The goal is to encourage and support the foundational elements for a thriving economic ecosystem and actively creating access to the direct drivers for that ecosystem. Hldc is the first stop for information on a variety of business needs, works with businesses looking to start, expand or relocate in hubbard county, creates and improves access to capital for businesses and local governments and is at the forefront of creating an entrepreneurship pipeline.hldc operates a cooperative workspace called the hangar which provides a variety of space options for entrepreneurs, soon to be entrepreneurs, small businesses and remote workers as well as networking and training opportunities.hldc also manages a revolving loan fund for the city of park rapids as well as administration of state and federal grants to provides resources to local businesses for rehabilitation, workforce for financing needs, such as the main street economic revitalization grant and childcare business assistance grant program.hubbard county is in the midst of a housing crisis that is negatively impacting the ability of local employers to attract and retain the workforce they need, which is hampering the countys ability to prosper. As a result, hldc is developing a workforce housing project that is targeted to be affordable to the local workforce. Construction on the project started in 2023, with completion slated for 2024.

Who funds Heartland Lakes Development Commission

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Offutt Family FoundationGeneral Fund$3,750

Personnel at Heartland Lakes Development Commission

NameTitleCompensation
Mary ThompsonExecutive Director$68,936
Ryan LecknerTreasurer$0
David de la HuntChair$0
Charlene ChristensenVice Chair / Vice - Chair$0
Tom ConwayChair$0

Financials for Heartland Lakes Development Commission

RevenuesFYE 12/2023
Total grants, contributions, etc.$904,790
Program services$16,406
Investment income and dividends$401
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$686
Total revenues$922,283

Form 990s for Heartland Lakes Development Commission

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
2020-122022-05-23990View PDF
2018-122019-08-22990EOView PDF
2017-122018-08-15990EOView PDF
...and 7 more Form 990s
Data update history
January 3, 2025
Received grants
Identified 1 new grant, including a grant for $3,750 from Offutt Family Foundation
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 17, 2024
Updated personnel
Identified 1 new personnel
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
MembershipsPartially liquidatedState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
100 8th St E
Park Rapids, MN 56470
County
Hubbard County, MN
Website URL
heartlandlakesdevelopment.org/about 
Phone
(218) 638-7980
IRS details
EIN
20-4208381
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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