NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION

SISSETON, SD | Roberts County
Economic Development

Overview

NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION
46-0350177
104 E ASH ST
SISSETON, SD 57262
Roberts County
(605) 698-7654

Mission Statement info

TO STIMULATE ECONOMIC OPPORTUNITIES THROUGH LOANS, TECHNICAL SUPPORT AND PARTNERSHIPS

Founded info
1978
Total Employees info
0
Total Volunteers info
15
CRA Category info
  • Economic Development
Nonprofit location info
  • Distressed Area
  • Underserved Area
  • Majority Minority Census Tract
  • Opportunity Zone
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Nonprofit Classification (NTEE Code) info
S43

S - Community Improvement, Capacity Building

Small Business Development

Organizations that provide technical assistance, venture capital, loans, loan guarantees or other forms of support for individuals or groups who want to establish or expand the operation of a small business enterprise or venture.

IRS Activity Codes info
379
Other conservation, environmental or beautification activities
402
Other activity aimed at combating community deterioration
-
Not reported
Standard Business Classification (NAICS Code) info
541618
Other Management Consulting Services

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2018
$500,000
CDFI Financial Assistance
2016
$842,584
CDFI Financial Assistance
2014
$1,595,775
CDFI Financial Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$1.2M
Revenue
$1.2M
Assets
$25.4M
Exempt Ruling Date info
1979-02
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
104 E ASH ST
SISSETON, SD 57262
Roberts County
FIPS Geocoded Address info
NA
MSA/CBSA info
46
State info
109
County info
9404.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
Not located in a CBSA.
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Area Type info
Neither
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 59.59%
Designated Distressed Census Tract info
Underserved Census Tract info
  • Remote Rural

Market Data

Census Tract County
9404.00 Roberts County
Population
Total Population 3,140 10,287
Total Households 1,058 3,873
Income
Median Family Income (Census*) $48,906 $50,348
Median Family Income (2019 FFIEC) $66,500 N/A
Tract Income Percentage 80.37% N/A
Below Poverty Level 25.6% 20.1%
Unemployment Level 12.1% 5.1%
Housing
Total Housing Units 1,208 5,048
Total Owner-Occupied Units 44.3% 66.5%
Total Renter-Occupied Units 43.3% 33.5%
Total Vacant Units 12.4% 6.8%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

15
Total Voting Members
in Governing Body
info
15
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Lori Finnesand
Chief Executive Officer
(605) 698-7654
Principal Officer info
Lori Finnesand
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.