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Heartland Lakes Development Commission
Community Development · Park Rapids, Minnesota
301 Court Ave, Park Rapids, MN 56470-1421
EIN: 204208381· Founded: Sep 2020· 6 years active· Filing Year: 2023
Annual Revenue
$922K
Total Expenses
$589K
Total Assets
$3.1M
Program Spending
3%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$78K
13.3% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$75K
Total Payroll
$153K
26% of total expenses
Where the Money Goes
3%
Programs: 3%
Payroll: 26%
Other overhead: 97%
Program Revenue$16K (2%)
Total Expenses$589K (64%)
Payroll$153K (26%)
Overhead (non-program)97%
Trust Score Breakdown
Program Spending Ratio
3% of expenses go to programs
Revenue & Stability
$922K annual revenue
Executive Compensation
$78K total officer comp (13.3% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$3.1M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.