2024-06-20T05:06:15-07:00 2023-12-31 460400356 Kinner & Company Ltd 404 3rd Ave PO Box 690 Brookings SD 57006 990 2023-01-01 300017659 South Eastern Development Foundation SOUT 6056818172 500 N Western Avenue Sioux Falls SD 57104 Lynne Keller Forbes President & CEO 2024-06-20 true Lynne Keller Forbes 999009999 true Nathan Kinner P01250414 6056922515 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z 500 N Western Avenue Sioux Falls SD 57104 4856957 false X www.sedf.info X 2002 SD Strengthening communities and stimulating economic development through small business lending and affordable housing initiatives 5 5 0 5 0 1049012 1223507 815092 626989 36785 200952 382585 389700 2283474 2441148 0 0 0 0 0 1682186 1339293 1682186 1339293 601288 1101855 24350376 24947970 8808969 7933281 15541407 17014689 Strengthening communities and stimulating economic development through small business lending and affordable housing initiatives false false 749875 15009 Housing Financing and development provides affordable housing opportunities to low and moderate income families in the region 364420 611980 The revolving loan fund program is used for community and economic development 1114295 true true false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false true false false false false true false true false true 21 0 true 0 false false false false false false false 0 false false false false false false false X 5 5 false false false false false false false true true false false true true true true true true false false false X South Eastern Development Foun 6056818172 500 N Western Avenue Sioux Falls SD 57104 Lynne Keller Forbes President & CEO 0.00 40.00 X 0 273094 0 Bryan Hakeman Sec/Treasurer 1.00 0.00 X X 0 0 0 Dave Kroll Director 1.00 0.00 X 0 0 0 Keith Thompson President 1.00 0.00 X X 0 0 0 Marcus Mahlen Director 1.00 0.00 X 0 0 0 Paul Tschetter Vice President 1.00 0.00 X X 0 0 0 273094 0 false true false First Rate Excavate 1509 E 39th St N Sioux Falls SD 57104 Dirt Work/Excavation 351529 Milbank House Movers 806 S Madison S Milbank SD 57252 House Movers 280218 Carlsons Heating and Cooling 1108 W Cedar Street Beresford SD 57004 HVAC Work 194821 EPJ Concrete SD-42 Sioux Falls SD 57104 Concrete Work 162755 Heartland Construction 27335 Ridgeway Drive Harrisburg SD 57032 Install Walls and Footing 157051 5 1223507 130000 1223507 Housing Development 531310 15009 15009 Interest on Notes Receiva 531390 554282 554282 Loan Origination Fees 531390 55340 55340 Miscellaneous 531390 2358 2358 626989 200952 200952 0 0 0 0 0 0 2805509 2415809 389700 389700 0 2441148 1016689 200952 0 0 0 0 0 0 0 0 0 0 1047466 974144 73322 0 16398 16398 0 0 0 507 507 0 0 0 0 0 5429 5429 0 0 141733 64514 77219 0 22429 22429 7446 7446 Housing Development 65052 65052 Loan Loss Provision 10585 10585 Miscellaneous 9551 9551 Dues and Subscriptions 8309 8309 4388 4388 1339293 1114295 224998 0 0 7414641 4641177 0 9949 203889 0 0 11268509 12647549 5559596 7375173 5796 10726 136648 67192 91885 69456 0 0 0 0 0 24350376 24947970 1139020 158818 3136106 3160912 4154455 3741963 379388 871588 8808969 7933281 X 2809845 3665198 12731562 13349491 15541407 17014689 24350376 24947970 1101855 371427 X false true X true true true X 41455 3327442 3364068 1049012 1223507 9005484 0 0 41455 3327442 3364068 1049012 1223507 9005484 0 9005484 51698 32921 22105 36785 200952 344461 0 0 9349945 0.96320 0.97950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 136648 67192 69456 69456 Deposits 7000 Provision For Loan Loss - Unfunded Commi 9992 Refundable Advance 854596 871588 2441148 2441148 2441148 1339293 1339293 1339293 false false false false false false false false false Lynne Keller Forbes President & CEO 273094 273094 X 1 130000 FMV false false false Form 990, Part VI, Section B, Line 11b The audited financial statements and the related tax returns are submitted to the board for review and approval. Form 990, Part VI, Section B, Line 12c Organization regularly and consistently monitors and enforces compliance. Form 990, Part VI, Section C, Line 19 Upon Request South Eastern Council of Governments 500 N Western Avenue Sioux Falls SD 57104 460305845 Planning and development district SD N/A false Dakota Business Finance 500 N Western Avenue Sioux Falls SD 57104 204158141 Lending/SBA Financing SD 501(c)(3) 7 N/A false false false true false true false false false false false false false false false true false false false false South Eastern Council of Governments c 805987 Cash South Eastern Council of Governments e 183889 EOY Payable South Eastern Council of Governments o 1047466 Actual Expense Dakota Business Finance c 127520 Cash Schedule R - Additional Information Per a technical services agreement with South Eastern Council of Governments (SECOG), the organization reimburses SECOG for salaries, employee benefits and various administrative costs.