2026-02-12T09:40:26-05:00 2025-09-30 460393458 WOHLENBERG RITZMAN & CO LLC PO BOX 1018 YANKTON SD 57078 990 2024-10-01 460282100 NE SOUTH DAKOTA COMMUNITY ACTION PROGRAM INC NESO 6056987654 104 ASH STREET EAST SISSETON SD 57262 MARCIA ERICKSON CHIEF EXECUTIVE OFFI 6056987654 2026-02-15 true true KATHLEEN DOYLE P01322431 6056654401 2026-02-09 2024 2025-03-06 01:10:19Z GROW SOUTH DAKOTA MARCIA ERICKSON 4029626 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 37 17 12130 3230534 3053594 442912 343327 3701 378256 -91524 3677147 3683653 486605 322283 0 1658570 1551294 0 0 1243360 1217760 3388535 3091337 288612 592316 11287270 11329983 1569821 1020218 9717449 10309765 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 1029583 3130 WEATHERIZATION - HOMES BELONGING TO LOW INCOME INDIVIDUALS WERE WEATHERIZED FOR ENERGY EFFICIENCY. 133 HOUSEHOLDS & 275 INDIVIDUALS WERE ASSISTED WITH WEATHERIZATION AND/OR FURNACE REPAIRS AND REPLACEMENTS IN THEIR HOMES. 923725 324890 HOUSING NESDCAP CURRENTLY HAS 70 HOUSING LOANS TOTALING 4,139,878 ON THEIR BALANCE SHEET. THE ORGANIZATION ALSO ASSISTED 4 HOMEOWNERS WITH HOUSING REHAB THAT TOTALED 55,991 IN REPAIRS. THROUGH NESDCAPS HOUSING COUNSELING PROGRAM, 122 HOUSEHOLDS WERE ASSISTED. 202248 6151 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, 17.5 JOBS WERE CREATED AND 34.5 JOBS WERE RETAINED. 518380 322283 9156 EMERGENCY ASSISTANCE - LOW INCOME INDIVIDUALS WERE ASSISTED IN VARIOUS WAYS TO HELP PAY BILLS THEY WERE UNABLE TO PAY. 518380 322283 9156 2673936 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 false true false false false true 30 0 true 37 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 180573 0 31725 LORI FINNESAND CHIEF EXECUT 10.00 40.00 X 163044 0 34430 LORI MOEN CHIEF OPERAT 45.00 X 125574 0 31098 KATHYRN RASMUS CHIEF FINANC 30.00 15.00 X 115585 0 16580 DEBBIE ANDERSON 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 ELIZABETH MOORE DIRECTOR 1.00 X 0 0 0 JEFFREY NEUHARTH DIRECTOR 1.00 X 0 0 0 MELINDA REINTS DIRECTOR 1.00 X 0 0 0 584776 113833 4 false true false X 20703 2936462 96429 6940 3053594 INTEREST INCOME NOTES RECEIVA 900099 184501 184501 HOUSING FEE 900099 113751 113751 COMMISSION INCOME 900099 15900 15900 MISCELLANEOUS INCOME 900099 11748 11748 PROPERTY MANAGEMENT 900099 9000 9000 8427 5297 3130 343327 98723 98723 533982 254449 279533 279533 279533 91524 -91524 -91524 3683653 519206 12130 98723 X 322283 322283 520882 252903 267979 824899 785968 38931 24831 24831 85935 76383 9552 94747 75263 19484 8006 8006 18602 10399 8203 330795 330795 6041 5992 49 24836 20136 4700 163920 134079 29841 40674 37077 3597 6475 6475 91560 70460 21100 MATERIALS 462844 462844 OTHER PROGRAM EXPENSES 64446 57017 7429 MILBANK APTS 15751 15751 TRAINING 12942 12881 61 -29132 -29132 3091337 2673936 417401 0 X 4895682 5241122 447105 539670 112739 125682 4384053 4080165 787590 798060 25204 30870 189967 164067 138203 25900 -2806 496694 491320 11287270 11329983 449693 508081 222363 47271 466788 430977 464866 1569821 1020218 X 9485656 10192459 231793 117306 9717449 10309765 11287270 11329983 592316 X false true X true true true X 4000693 4659772 3944358 3230534 3053594 18888951 4000693 4659772 3944358 3230534 3053594 18888951 18888951 2418 1414 2902 3701 98723 109158 18998109 2148111 0.99430 0.99930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 180857 154957 25900 9110 9110 25900 LEASES PAYABLE 464866 464866 X 3683653 3683653 3683653 3091337 3091337 3091337 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 287 322283 X X X X X false false false false false false false false false MARCIA ERICKSON CHIEF EXECUTIVE OFFI 180573 17377 14348 212298 LORI FINNESAND CHIEF EXECUTIVE OFFI 163044 17377 17053 197474 LORI MOEN CHIEF OPERATING OFFI 125574 13609 17489 156672 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 VIII INVENTORY HELD FOR RESALE IS RECORDED AT COST, ADJUSTED FOR ANTICIPATED SELLING PRICE LESS ESTIMATED CLOSING COSTS. NESDCAP HAS ENTERED INTO CONSTRUCTION AND LAND PURCHASE CONTRACTS FOR THE CONSTRUCTION OF 2 SPEC HOMES. COSTS INCURRED UNDER THESE CONTRACTS AND CARRYING VALUE AS OF SEPTEMBER 30, 2025, IS AS FOLLOWS: COST 889,584 ALLOWANCE (91,524) TOTAL 798,060 BOTH HOMES ARE COMPLETED AND LISTED FOR SALE. BASED ON CURRENT MARKET CONDITIONS, THE VALUES HAVE BEEN ADJUSTED TO REFLECT ANTICIPATED SALES PRICE LESS ESTIMATED CLOSING COSTS. FORM 990, PART IX, LINE 11G OTHER CONTRACTUAL EXPENSES 259,133 0 0 OTHER CONTRACTUAL EXPENSES 71,384 0 0 FOR PROFIT WEATHERIZATION CONTRACT LABOR 278 0 0 TOTAL 330,795 0 0 FORM 990, PART X NESDCAP HELD A 100% INTEREST IN MILBANK APARTMENTS, LLC AND OPERATIONS WERE CONSOLIDATED. THE PROPERTY WAS SOLD AS OF MARCH 30, 2025, AND NESDCAP RETAINS A 1% OWNERSHIP INTEREST OF THE NOW UNCONSOLIDATED ENTITY. ALTHOUGH INFLUENCE IS EXERCISED,CONTROL IS NOT. ACCORDINGLY, THIS INVESTMENT IS ACCOUNTED FOR USING THE EQUITY METHOD IN ACCORDANCE WITH FASB ASC 323, INVESTMENTSEQUITY METHOD AND JOINT VENTURES. AS OF SEPTEMBER 30, 2025, THE EQUITY METHOD INVESTMENT CONSISTS OF THE FOLLOWING: OWNERSHIP VALUE MILBANK APARTMENTS, LLC 1% (2,806) NESDCAP RECOGNIZED THE FOLLOWING EARNINGS (LOSSES) FROM ITS EQUITY METHOD INVESTMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2025: INITIAL INVESTMENT (2,791) OPERATIONS (15) (2,806) FASB ASC 323 REQUIRES THAT AN EQUITY INVESTMENT BE REDUCED TO ZERO, BUT NOT BELOW ZERO WHEN THE INVESTORS SHARE OF THE LOSSES EXCEEDS THE CARRYING AMOUNT OF THE INVESTMENT. HOWEVER, A NEGATIVE BALANCE MAY BE REPORTED WHEN THE INVESTOR HAS OTHER LEGAL OR CONSTRUCTIVE OBLIGATION TO ABSORB LOSSES. THE PURCHASE AGREEMENT FOR THE SALE OF THE PROPERTY ALLOCATES 1% OF NET INCOME OR LOSSES, AND PAYMENT OF EXISTING LIABILITIES TO NESDCAP. THUS, THE VALUE IS RECOGNIZED AS NEGATIVE. THE PURCHASE AGREEMENT SETS FORTH NESDCAPS 1% OWNERSHIP DURING A TRANSITION PERIOD OF APRIL 1, 2025, THROUGH MARCH 31, 2026. AT THE END OF THE TRANSITIONS PERIOD, NESDCAPS INVESTMENT WILL BE TERMINATED. 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 false true true false false false false false false true false false true true false true true true GROW SOUTH DAKOTA A 36900 GROW SOUTH DAKOTA S 66855 GROW SOUTH DAKOTA Q 160203 GROW SOUTH DAKOTA K 43171 GROW SOUTH DAKOTA O 447366 GROW SOUTH DAKOTA D 1230000 NORTHEAST SOUTH DAKOTA ECONOMIC O 683778 NORTHEAST SOUTH DAKOTA ECONOMIC Q 66072 NORTHEAST SOUTH DAKOTA ECONOMIC S 1200 NORTHEAST SOUTH DAKOTA ECONOMIC C 20000 NORTHEAST SOUTH DAKOTA ECONOMIC K 27000 SCHEDULE R NESDCAP FORMED MILBANK APARTMENTS, LLC FOR THE PURPOSE OF ACQUIRING A 16 UNIT RENTAL HOUSING COMPLEX IN MILBANK, SOUTH DAKOTA. A PURCHASE AGREEMENT FOR THE SALE OF THE SUBSIDIARY WAS APPROVED BY USDA RURAL DEVELOPMENT AND AS OF MARCH 30, 2025,NESDCAP TRANSFERRED 99% OWNERSHIP OF THE PROPERTY. NESDCAP RETAINS 1% OWNERSHIP OF THE PROPERTY FOR ONE YEAR PER USDA RURAL DEVELOPMENTS GUIDELINES.