2025-01-30T15:58:49-05:00 2024-09-30 460393458 WOHLENBERG RITZMAN & CO LLC PO BOX 1018 YANKTON SD 57078 990 2023-10-01 460282100 NE SOUTH DAKOTA COMMUNITY ACTION PROGRAM INC NESO 6056987654 104 ASH STREET EAST SISSETON SD 57262 MARCIA ERICKSON CHIEF EXECUTIVE OFFI 6056987654 2025-02-15 true true KATHLEEN DOYLE P01322431 6056654401 2025-01-30 2023 2025-03-06 01:10:19Z GROW SOUTH DAKOTA MARCIA ERICKSON 3677147 false X WWW.GROWSD.ORG X 1966 SD THE ORGANIZATION WAS FORMED TO REDUCE POVERTY, REVITALIZE LOW-INCOME COMMUNITIES, AND EMPOWER LOW-INCOME INDIVIDUALS AND FAMILIES TO BECOME SELF SUFFICIENT. 15 15 41 16 7388 3944358 3230534 450409 442912 2902 3701 0 4397669 3677147 739812 486605 0 1841317 1658570 0 0 1368220 1243360 3949349 3388535 448320 288612 10912225 11287270 1571984 1569821 9340241 9717449 X THE ORGANIZATION WAS FORMED TO REDUCE POVERTY, REVITALIZE LOW-INCOME COMMUNITIES, AND EMPOWER LOW-INCOME INDIVIDUALS AND FAMILIES TO BECOME SELF SUFFICIENT. false false 819216 188 WEATHERIZATION - HOMES BELONGING TO LOW INCOME INDIVIDUALS WERE WEATHERIZED FOR ENERGY EFFICIENCY. 114 HOUSEHOLDS & 273 INDIVIDUALS WERE ASSISTED WITH WEATHERIZATION AND/OR FURNACE REPAIRS AND REPLACEMENTS IN THEIR HOMES. 1077709 419011 HOUSING NESDCAP OWNS A 16 UNIT USDA RURAL DEVELOPMENT PROPERTY IN MILBANK, SOUTH DAKOTA. THE PROJECT IS MANAGED BY MILLS PROPERTY MANAGEMENT AND CONSISTS OF 14 TWO-BEDROOM AND 2 ONE-BEDROOM UNITS. NESDCAP CURRENTLY HAS 75 HOUSING LOANS TOTALING 4,492,670 ON THEIR BALANCE SHEET. THE ORGANIZATION ALSO ASSISTED 10 HOMEOWNERS WITH HOUSING REHAB THAT TOTALED 98,694 IN REPAIRS. THROUGH NESDCAPS HOUSING COUNSELING PROGRAM, 145 HOSEHOLDS WERE ASSISTED. 210782 9362 BUSINESS DEVELOPMENT - NESDCAP IS A FISCAL AGENT FOR THE SMALL BUSINESS DEVELOPMENT CENTER. THE SBDC PROVIDES CONFIDENTIAL MANAGEMENT ASSISTANCE PROMOTING ECONOMIC DEVELOPMENT IN NORTHEAST SOUTH DAKOTA. THROUGH THE SBDC, 45.5 JOBS WERE CREATED AND 19 JOBS WERE RETAINED. 833018 486605 14351 EMERGENCY ASSISTANCE - LOW INCOME INDIVIDUALS WERE ASSISTED IN VARIOUS WAYS TO HELP PAY BILLS THEY WERE UNABLE TO PAY. 833018 486605 14351 2940725 true true false false false false false false false false true false false false true true true false false false false false false false false false false false true true false false false false false false false false false false false false true true false false false true 63 0 true 41 true true true false false false false false false false false false false false false false X 15 15 false false false false false false false true true false false false true true true true true true true false X X X X MARCIA ERICKSON 6056987654 104 ASH STREET EAST SISSETON SD 57262 MARCIA ERICKSON CHIEF EXECUT 40.00 10.00 X 164058 4070 29374 LORI FINNESAND CHIEF EXECUT 10.00 40.00 X 147288 4070 31560 KIMBERLY LORENSBERG CHIEF DEVELO 30.00 15.00 X 128801 4070 20856 LORI MOEN CHIEF OPERAT 45.00 X 113390 4070 28882 KATHYRN RASMUS CHIEF FINANC 30.00 15.00 X 103753 4070 10588 DEBBIE ANDERSON DIRECTOR 1.00 X 0 0 0 RICK BEILKE DIRECTOR 1.00 X 0 0 0 TAMARA CAFFEE DIRECTOR 1.00 X 0 0 0 DUSTIN CHRISTOPHERSON DIRECTOR 1.00 X 0 0 0 VIKKI DAY VICE CHAIR 1.00 X X 0 0 0 GENE ELLENSON SECRETARY 1.00 X X 0 0 0 TOM FARBER TREASURER 1.00 X X 0 0 0 ALLEN GREENFIELD DIRECTOR 1.00 X 0 0 0 GLORIA HANSON DIRECTOR 1.00 X 0 0 0 CHARLIE HOFFMAN DIRECTOR 1.00 X 0 0 0 DWIGHT HOSSLE CHAIR 1.00 X X 0 0 0 STAN JUNG DIRECTOR 1.00 X 0 0 0 HADEN MERKEL DIRECTOR 1.00 X 0 0 0 BETH MOORE DIRECTOR 1.00 X 0 0 0 MELINDA REINTS DIRECTOR 1.00 X 0 0 0 657290 20350 121260 5 true true false 21909 3107740 100885 10425 3230534 INTEREST INCOME NOTES RECEIVA 900099 178289 178289 RENT INCOME 531110 105283 105283 HOUSING FEE 900099 96370 96370 COMMISSION INCOME 900099 21600 21600 MISCELLANEOUS INCOME 900099 19145 19145 22225 14837 7388 442912 3701 3701 3677147 435524 7388 3701 486605 486605 299544 131887 167657 1112819 946343 166476 31104 32785 -1681 115664 96033 19631 99439 77254 22185 10944 9115 1829 19531 13447 6084 245802 245802 7808 7626 182 17031 12641 4390 186466 153871 32595 40597 38537 2060 6475 6475 75555 55857 19698 MATERIALS 362584 362584 OTHER PROGRAM EXPENSES 140200 140200 MILBANK 16-PLEX EXPENSE 114813 114813 TRAINING 18191 18191 -2637 -2866 229 3388535 2940725 447810 0 X 5273687 4895682 651969 447105 118360 112739 4076322 4384053 144170 787590 22780 25204 828109 689906 162565 138203 462372 496694 10912225 11287270 528826 449693 164869 222363 475385 466788 402904 430977 1571984 1569821 X 9115279 9485656 224962 231793 9340241 9717449 10912225 11287270 288612 88596 X false true X true true true X 2231366 4000693 4659772 3944358 3230534 18066723 2231366 4000693 4659772 3944358 3230534 18066723 18066723 2750 2418 1414 2902 3701 13185 18079908 2265809 0.99930 0.99930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6040 6040 632102 532314 99788 180857 148482 32375 9110 9110 138203 LEASES PAYABLE 423068 SECURITY DEPOSITS 7909 430977 X 3677147 3677147 3677147 3388535 3388535 3388535 SCHEDULE D, PAGE 3, PART X NESDCAP IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. NESDCAPS PROPERTY MANAGEMENT AND WEATHERIZATION PROGRAMS HAVE FOR-PROFIT DIVISIONS WHICH ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. NESDCAP RECOGNIZES ANY MATERIAL CASH LIABILITIES AS REQUIRED. IN ADDITION, NESDCAP QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B) (10)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). true RENTAL/FOOD/MORTGAGE ASSI 434 486605 X X X X false false false false false false false false false MARCIA ERICKSON CHIEF EXECUTIVE OFFI 164058 4070 15779 13595 193432 4070 LORI FINNESAND CHIEF EXECUTIVE OFFI 147288 4070 15779 15781 178848 4070 KIMBERLY LORENSBERG CHIEF DEVELOPMENT OF 128801 4070 12590 8266 149657 4070 FORM 990, PAGE 1, ITEM C GROW SOUTH DAKOTA FORM 990, PAGE 1, PART I, LINE 6 BOARD MEMBERS SERVE WITHOUT COMPENSATION. FORM 990, PAGE 2, PART III, LINE 4D EMERGENCY ASSISTANCE - LOW INCOME INDIVIDUALS WERE ASSISTED IN VARIOUS WAYS TO HELP PAY BILLS THEY WERE UNABLE TO PAY. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS HAS GIVEN THE BOARD'S AUDIT/FINANCE COMMITTEE AUTHORITY TO REVIEW IN DEPTH AND SUBMIT THE 990 BY THE FILING DEADLINE. A FULL COPY OF THE 990 IS GIVEN TO THE BOARD OF DIRECTORS AT THEIR NEXT SCHEDULED BOARD MEETING FOR ALL BOARD MEMBERS TO REVIEW. FORM 990, PAGE 6, PART VI, LINE 12C REGULAR AND CONSISTENT MONITERING OF POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE AUDIT AND FINANCE COMMITTEE MEET WITH THE CHIEF FINANCIAL OFFICER AND THE CHIEF EXECUTIVE OFFICERS TO REVIEW COMPENSATION INFORMATION FOR KEY EMPLOYEES. DATA IS COMPILED FROM COMPARABLE ORGANIZATIONS IN THE REGION. THE COMMITTEE REPORTS THE RESULTS TO THE FULL BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B THE AUDIT AND FINANCE COMMITTEE MEET WITH THE CHIEF FINANCIAL OFFICER AND THE CHIEF EXECUTIVE OFFICERS TO REVIEW COMPENSATION INFORMATION FOR KEY EMPLOYEES. DATA IS COMPILED FROM COMPARABLE ORGANIZATIONS IN THE REGION. THE COMMITTEE REPORTS THE RESULTS TO THE FULL BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 18 GUIDESTAR.COM IRS.GOV FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON REQUEST. FORM 990, PART X IN FEBRUARY 2016, THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED NEW GUIDANCE ON THE MEASUREMENT OF CURRENT EXPECTED CREDIT LOSSES (CECL) ON FINANCIAL INSTRUMENTS. THE FASB HAS SUBSEQUENTLY ISSUED ADDITIONAL GUIDANCE AMENDING CERTAIN ASPECTS OF THE MEASUREMENT OF CECL. THE NEW GUIDANCE HAS REPLACED THE INCURRED LOSS METHODOLOGY OF RECOGNIZING CREDIT LOSSES ON FINANCIAL INSTRUMENTS WITH A METHODOLOGY THAT ESTIMATES THE EXPECTED CREDIT LOSS ON FINANCIAL INSTRUMENTS AND REFLECTS THE NET AMOUNT EXPECTED TO BE COLLECTED ON THE FINANCIAL INSTRUMENT. TO APPROPRIATELY REFLECT THIS CHANGE, NESDCAP RESTATED BEGINNING NET ASSETS WITH AN INCREASE OF 88,596. THE EFFECT OF THIS ADJUSTMENT IS RECOGNIZED THROUGH THE SUMMARIZED INFORMATION FOR THE YEAR-ENDED SEPTEMBER 30, 2023. MILBANK APARTMENTS LLC 104 ASH ST E SISSETON SD 57262 460463607 APARTMENTS SD 105350 221027 NESDCAP NORTHEAST SOUTH DAKOTA ECONOMIC COR 104 ASH ST E SISSETON SD 57262 460350177 EMPLOYEES SD 501 7 N/A false GROW SOUTH DAKOTA 104 ASH ST E SISSETON SD 57262 562667948 LEASES/LOA SD 501 7 N/A false true true false true false false false false false false true false false true true false true true true GROW SOUTH DAKOTA D 1230000 GROW SOUTH DAKOTA A 37001 GROW SOUTH DAKOTA Q 80805 GROW SOUTH DAKOTA R 1415 GROW SOUTH DAKOTA B 50 GROW SOUTH DAKOTA K 40200 GROW SOUTH DAKOTA S 49497 GROW SOUTH DAKOTA O 477433 NORTHEAST SOUTH DAKOTA ECONOMIC O 573540 NORTHEAST SOUTH DAKOTA ECONOMIC Q 56890 NORTHEAST SOUTH DAKOTA ECONOMIC K 27000 NORTHEAST SOUTH DAKOTA ECONOMIC S 3075 NORTHEAST SOUTH DAKOTA ECONOMIC C 21908