2024-11-15T11:31:02-05:00 2023-12-31 840571140 RFARMER LLC PO BOX 1173 LAMAR CO 810521173 990 2023-01-01 841096907 SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT INC SOUT 7193363850 P O BOX 1600 LAMAR CO 81052 STEPHANIE GONZALES EXECUTIVE DIRECTOR 7193363850 2024-11-15 true false RONNY R FARMER P00436535 7193367428 2024-11-15 X 2023 2024-10-15 13:58:12Z STEPHANIE GONZALES 2972095 false X WWW.SECED.NET X 1988 CO TO PROVIDE ECONOMIC ASSISTANCE TO INDIVIDUALS AND BUSINESSES IN SOUTHEAST COLORADO THAT DO NOT QUALIFY FOR TRADITIONAL FINANCING. LOANS ARE PRIMARLY MADE TO NEW, START-UP BUSINESSES OR BUSINESSES THAT ARE HAVING DIFFICULTY WITH TRADITIONAL FINANCING. LOANS HAVE BEEN MADE TO HOME OWNERS TO IMPROVE THEIR PERSONAL RESIDENCES BY UPGRADING WINDOWS, DOORS, AND HEATING. 18 18 5 0 1454293 967805 240218 230614 4522 22623 3603 1751053 1702636 2972095 0 0 376127 523480 0 0 1917085 647861 2293212 1171341 -590576 1800754 7817182 10325557 295894 1003515 7521288 9322042 X TO PROVIDE ECONOMIC ASSISTANCE TO INDIVIDUALS AND BUSINESSES IN SOUTHEAST COLORADO THAT DO NOT QUALIFY FOR TRADITIONAL FINANCING. LOANS ARE PRIMARLY MADE TO NEW, START-UP BUSINESSES OR BUSINESSES THAT ARE HAVING DIFFICULTY WITH TRADITIONAL FINANCING. LOANS HAVE BEEN MADE TO HOME OWNERS TO IMPROVE THEIR PERSONAL RESIDENCES BY UPGRADING WINDOWS, DOORS, AND HEATING. false false 185202 BUSINSS ASSISTANCE LOAN FUND--THE REVOLVING LOAN IS DESIGNED TO FILL GAPS IN SMALL BUSINESS FINANCING OPTIONS. THE ALTERNATIVE FINANCING METHOD POSITIVELY IMPACTS THE ECONOMIC HEALTH OF THE COMMUNITES WITIN BACA, BENT, CROWLEY, KIOWA, AND PROWERS COUNTIES. SINCE INCEPTION THE PROGRAM HAS CREATED IN EXCESS OF 400 JOBS. THE AVERAGE LOAN IS APPROXIMATELY 60,000. 370404 REVOLVING LOAN FUND-PROVIDES INCENTIVES AND DEVELOPS PROMOTIONAL ACTIVITIES TO MARKET AND ADVERTISE ADVANTAGES OF LOCATING A BUSINESS IN SE COLORADO, CREATE A POSITIVE IDENTITY, ENCOURAGE RETENTION, AND EXPANSION OF EXISTING BUSINESSES, PROMOTE REDEVELOPMENT AND ATTRACT NEW BUSINESSES. GENERALLY ENHANCE THE ECONOMIC GROWTH OF SOUTHEAST COLORADO. THIS INCLUDES THE COLORADO DIVISION OF HOUSING-SINGLE FAMILY OWNER OCCUPIED REHABILITATION LOAN PROGRAM FOR HOME OWNERS LIVING IN BACA, KIOWA, AND PROWERS COUNTIES TO PROVIDE LOW INTEREST RATE LOANS. THE PROGRAM HAS MADE APPROXIMATELY 315 LOAN TO INDIVIDUALS LIVING IN THE AUTHORIZED AREA SINCE 1995. THE AVERAGE LOAN AMOUNT IS APPROXIMATELY 16,450. THE PROGRAM SERVES LOW TO MODERATE INCOME HOUSEHOLDS WITH LOW FIXED RATE INTEREST AND FAVORABLE REPAYMENT TERMS. 615735 OTHER ADMINISTRATIVE COSTS FOR ENTERPRISE ADMINSTRATIVE PROGRAMS, TRANSPORTATION PLANNING PROGRAMS, AND TECHNICAL ASSISTANCE PROGRAMS. 1171341 true false false false false false false false false false true false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false 10 0 5 true false false false false false false false false X 18 18 false false false false false false false true true false false false false false false false true false SOUTHEAST COLORADO ENTERPRISE 7193363850 112 W ELM ST P O BOX 1600 112 W ELM ST P O BOX 1600 LAMAR CO 81052 X BLAINE ARBUTHNOT DIRECTOR X 0 0 0 GLEN AUSMUS DIRECTOR X 0 0 0 JIM BALDWIN DIRECTOR X 0 0 0 DANELLE BERG DIRECTOR X 0 0 0 RICK BUTLER DIRECTOR X 0 0 0 WENDY BUXTON-ANDRADE DIRECTOR X 0 0 0 JIM COLLINS DIRECTOR X 0 0 0 KIRK CRESPIN SECRETARY R X 0 0 0 ROY ELLIOTT DIRECTOR X 0 0 0 SHILOH FREED DIRECTOR X 0 0 0 TOM GRASMICK CHAIRMAN X 0 0 0 MARTY LEE DIRECTOR X 0 0 0 MIKE LENING DIRECTOR X 0 0 0 TERRY MCMILLAN DIRECTOR X 0 0 0 DONALD OSWALD VICE CHAIRMA X 0 0 0 BUTCH ROBERTSON DIRECTOR X 0 0 0 JEAN SYKES DIRECTOR X 0 0 0 STEPHANIE GONZALES EXECUTIVE DI X 0 0 0 false false false 42433 925372 967805 LOAN INTEREST 209460 209460 SERVICING AND LATE FEES 12729 12729 DOH HOUSING REHAB CONTRACT 8425 8425 230614 22623 22623 HOUSING PROJECT CONTRIBUTIONS 1356135 1356135 MISCELLANEOUS 368316 368316 CONTRIBUTION TAX CREDIT DONAT 26602 26602 1751053 2972095 2004290 X 523480 523480 3426 3426 13500 13500 140972 140972 394 394 20805 20805 22165 22165 6831 6831 8724 8724 10855 10855 OTHER OP GANT EXPENSE 367039 367039 FEASIBILITY GRANTS 36629 36629 LOAN COSTS 9358 9358 SPECIAL EVENTS 7163 7163 1171341 1171341 0 0 1417763 981678 927781 505792 4496389 5017488 89547 89547 2249841 269178 89039 1980663 796663 1750389 7817182 10325557 5445 1718 282333 33636 8116 968161 295894 1003515 X 7521288 9322042 7521288 9322042 7817182 10325557 1800754 X false false X 502162 524827 1454293 967805 3449087 502162 524827 1454293 967805 3449087 3449087 3449087 4366108 1.00000 1.00000 X 49680 49680 1587598 612563 269178 1930983 1980663 CONSTRUCTION IN PROGRESS 1744177 OTHER ASSETS 4665 ASSETS HELD FOR SALE 1547 1750389 NOTE PAYABLE 949061 ACCRUED EXPENSES 19100 968161 2972095 2972095 2972095 1171341 1171341 1171341 FORM 990 - ORGANIZATION'S MISSION TO PROVIDE ECONOMIC ASSISTANCE TO INDIVIDUALS AND BUSINESSES IN SOUTHEAST COLORADO THAT DO NOT QUALIFY FOR TRADITIONAL FINANCING. LOANS ARE PRIMARLY MADE TO NEW, START-UP BUSINESSES OR BUSINESSES THAT ARE HAVING DIFFICULTY WITH TRADITIONAL FINANCING. LOANS HAVE BEEN MADE TO HOME OWNERS TO IMPROVE THEIR PERSONAL RESIDENCES BY UPGRADING WINDOWS, DOORS, AND HEATING. FORM 990, PAGE 2, PART III, LINE 4B REVOLVING LOAN FUND-PROVIDES INCENTIVES AND DEVELOPS PROMOTIONAL ACTIVITIES TO MARKET AND ADVERTISE ADVANTAGES OF LOCATING A BUSINESS IN SE COLORADO, CREATE A POSITIVE IDENTITY, ENCOURAGE RETENTION, AND EXPANSION OF EXISTING BUSINESSES, PROMOTE REDEVELOPMENT AND ATTRACT NEW BUSINESSES. GENERALLY ENHANCE THE ECONOMIC GROWTH OF SOUTHEAST COLORADO. THIS INCLUDES THE COLORADO DIVISION OF HOUSING-SINGLE FAMILY OWNER OCCUPIED REHABILITATION LOAN PROGRAM FOR HOME OWNERS LIVING IN BACA, KIOWA, AND PROWERS COUNTIES TO PROVIDE LOW INTEREST RATE LOANS. THE PROGRAM HAS MADE APPROXIMATELY 315 LOAN TO INDIVIDUALS LIVING IN THE AUTHORIZED AREA SINCE 1995. THE AVERAGE LOAN AMOUNT IS APPROXIMATELY 16,450. THE PROGRAM SERVES LOW TO MODERATE INCOME HOUSEHOLDS WITH LOW FIXED RATE INTEREST AND FAVORABLE REPAYMENT TERMS. FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 12C MONTHLY BOARD MEETING WITH FULL DISCLOSURE OF WHAT LOANS ARE BEING MADE TO ALL BORROWERS. FORM 990, PAGE 6, PART VI, LINE 15B DUE TO THE MAKE UP OF THE BOARD, THE BOARD DISCUSSES THE LEVEL OF COMPENSA TION FOR KEY EMPLOYEES AND USES INFORMATION OBTAINED FROM THEIR RESPECTIVE COUNTIES OR COMMUNITIES TO HELP ESTABLISH SALARIES FOR EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 ANY DOCUMENTS THAT DO NOT VIOLATE PRIVACY LAWS WILL BE MADE AVAILABLE TO THE PUBLIC DURING NORMAL BUSINESS HOURS. FORM 990, PART IX, LINE 11G OTHER CONSULTING FEES 140,972 0 0