EIN 45-0435966

Region V Community Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Year formed
1994
Most recent tax filings
2023-12-01
Description
Region V Community Development Corporation has a principal purpose of planning, developing, owning, and managing affordable housing projects in southeastern North Dakota. The Corporation develops and manages housing for low income households which benefits them financially.
Related structure
Region V Community Development Corporation is a subordinate organization under SouthEastern North Dakota Community Action Agency (SENDCAA).
Total revenues
$663,614
2023
Total expenses
$511,380
2023
Total assets
$8,432,447
2023
Num. employees
0
2023

Program areas at Region V Community Development Corporation

The Region V Community Development Corporation (RVCDC "the Corporation") has a principal purpose of planning, developing, owning, and managing affordable housing projects in southeastern North Dakota. The Corporation develops and manages housing for low income, aged and/or handicapped individuals and their families across the state of North Dakota.The RVCDC has the capacity and experience to develop affordable housing projects. As a developer, the RVCDC performs market analysis, environmental reviews, site selection, feasibility analysis, financial Continued on Schedule O...statements, project design, rehabilitation, new construction, marketing, and other functions. Projects developed by the Corporation include the rehabilitation of existing buildings, new construction, and single family developments. RVCDC has developed over 100 units of affordable housing in the communities of Lisbon, Gwinner, Hankinson, Hatton, Milnor, Northwood, Casselton, West Fargo, and Fargo. The type of projects developed include: multifamily rental housing, single family homeownership, and special need housing. After housing projects are developed, the RVCDC becomes involved with the operational phase that includes sales and marketing, leasing, and property management. As a property manager, the RVCDC's goal is to provide all services necessary and customary to ensure the proper management, maintenance, and operation of the housing project. As a housing developer and manager, RVCDC is responsible for making decisions to enhance the performance of a project, extend the economic life of the buildings, and maximize return on asset.The Corporation also owns and operates the following:- Sunset Village - a two-building complex consisting of twelve townhome apartment units in Lisbon, North Dakota.- Valley View First Addition - an investment consisting of residential lots in Lisbon, North Dakota, which are being held for sale.- Early Head Start building - a building owned by the Corporation that is leased by SENDCAA for use as a child development center.- Head Start South building - a building owned by the Corporation that is leased by SENDCAA for use as a child development center.- Fieldstone Manor - an 8 unit residential rental property in Fairmount, North Dakota.- Prairie Pointe- a 17 unit residential rental property in Gwinner, North Dakota.- Grace Village - a two-building complex consisting of twelve townhome apartment units in Hankinson, North Dakota. - Heritage Village Limited Partnership - a 6 unit residential housing project in Milnor, North Dakota. - Homestead Commons Limited Partnership - a 6 unit housing project in Gwinner, North Dakota. - Hearthstone Village Limited Partnership - a 8 unit housing project in Hatton, North Dakota. - Dakotah Pioneer Limited Partnership a 31-unit residential housing project, in Fargo, North Dakota that includes approximately 9,450 square feet of commercial space.

Personnel at Region V Community Development Corporation

NameTitleCompensation
Brandon KjeldenExecutive Director$0
Lynette SeminoleVice President$0
Raymon NelsonPresident$0
James KappelPast Executive Director$0
Diane JacobsonSecretary$0
...and 3 more key personnel

Financials for Region V Community Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$582,487
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$81,127
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$663,614

Form 990s for Region V Community Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-10990View PDF
2021-122022-11-08990View PDF
2020-122021-11-04990View PDF
2019-122021-02-17990View PDF
...and 10 more Form 990s
Data update history
December 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 23, 2023
Updated personnel
Identified 2 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 5, 2023
Updated personnel
Identified 2 new personnel
July 7, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHousing and shelter organizationsChapter / child organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
State / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
3233 S University Dr
Fargo, ND 58104
Metro area
Fargo, ND-MN
County
Cass County, ND
Website URL
rvcdc.org/ 
Phone
(701) 232-2452
IRS details
EIN
45-0435966
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1994
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Subordinate organization
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