SOUTHEAST ECONOMIC DEVELOPMENT FUND INC

PARK HILLS, MO | St. Francois County
Economic Development
SOUTHEAST ECONOMIC DEVELOPMENT FUND INC
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

SOUTHEAST ECONOMIC DEVELOPMENT FUND INC
46-4284923
403 PARKWAY DR
PARK HILLS, MO 63601
St. Francois County
(573) 431-4296

info@semodevelopment.org
Mission Statement info

THE SOUTHEAST ECONOMIC DEVELOPMENT FUND, INC. (SEED$) STRIVES TO PROVIDE FINANCIAL AND BUSINESS SERVICES THAT ACCELERATE COMMUNITY AND ECONOMIC DEVELOPMENT THROUGH JOB GROWTH AND COMMERCE EXPANSION IN LOW-INCOME COMMUNITIES ACROSS SOUTHEAST MISSOURI.

CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
2014
Total Employees info
2
Total Volunteers info
0
Nonprofit Classification (NTEE Code) info
S80

S - Community Improvement, Capacity Building

Community Service Clubs

Organizations whose members are business and professional men and/or women or other individuals who have a common interest in improving the life of the community, which conduct fund-raising events to finance community service projects. Many service clubs are chapters of national or international organizations.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations
Targeted Clients info
  • Economically Disadvantaged
  • General Public
  • Minority-Owned Businesses
  • Rural Residents
  • Small Businesses
  • Underbanked or Unbanked
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
  • People Living Below Poverty Level

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
22.24%
Percent LMI Served info
as reported by the nonprofit
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
LOWHIGH
LOWHIGH
LOWHIGH
LOWHIGH
Programs & Services info
Community Loan Center of Southeast Missouri
A payday and tile loan alternative the Small Dollar Loan program can lend to those not eligible for bank and credit union loans that require credit checks. We offer low-interest employment based loans, which are fixed to ensure affordable payments and greater financial security. Employees apply online for loans up to $1000.00 which are repaid through payroll deduction over 12 months. Maximum APR is 21.8%. Credit counseling is available for those who need it.
Targeted Clients info
  • Economically Disadvantaged
  • General Public
  • People needing Credit Counseling
  • Men
  • Minority Individuals
  • Minority-Owned Businesses
  • Nonprofits
  • Rural Residents
  • Small Businesses
  • Underbanked or Unbanked
  • Women
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
  • SNAP Recipients
Training & Technical Assistance for Entrepreneurs
We provide training & TA both one on one and in groups for entrepreneurs and small business owners. This includes but is not limited to business plan development & financial projections to assist a client in becoming loan ready. Local lending partners will refer loan applicants to us to help them be better prepared to apply for a business loan. We assist in identifying rental or purchase property for the business location. We also offer a variety of workshops which are held in person and virtually, due to the geographic area we cover. These classes include Money Smart for Small Business, Business Plan Basics, Disaster Planning, Becoming Bankable and others.
Targeted Clients info
  • College Students
  • Economically Disadvantaged
  • Entrepreneurs
  • General Public
  • Inmates or Ex-Offenders
  • LGBTQ Individuals
  • Men
  • Military
  • Minority Individuals
  • Minority-Owned Businesses
  • Native Americans
  • People in Recovery
  • Rural Residents
  • Small Businesses
  • Small Farms
  • Underbanked or Unbanked
  • Veterans
  • Unemployed
  • Women
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
  • People Living Below Poverty Level
  • SNAP Recipients
  • SSI Recipients
  • Welfare Recipients
Micro Lending for Small Business
We offer loans from $5,000 to $100,000. Loan funds can be used for gap financing, operating capital, equipment, property acquisition, inventory & leasehold improvements. We offer a fixed rate of prime +2 or prime +3 depending on what the loan is used for. Local lenders will refer loan applicants that do not meet traditional lending guidelines to our program because we will work with the applicants who have a less than desirable credit score or do not have the collateral required by a bank. We also assist with the applicant with down payment. Our goal is to assist the entrepreneur in becoming bankable and doing everything to see them succeed with the training and TA services after the loan has closed.
Targeted Clients info
  • Entrepreneurs
  • General Public
  • Minority Individuals
  • Minority-Owned Businesses
  • Rural Residents
  • Small Businesses
  • Small Farms
  • Underbanked or Unbanked
  • Veterans
  • Women
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
  • People Living Below Poverty Level
  • Medicaid Recipients
  • SSI Recipients
  • Welfare Recipients
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$255.5K
Revenue
$255.5K
Assets
$670.5K

IRS Business Master File Details info

As of August 2024
Exempt Ruling Date info
2014-09
Deductibility Status info
Deductible
Last Tax Filing info
2022
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
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 Publication 78 Details info

As of August 2024
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2022-09
E-File
990
XML
990
Tax period ending in
2021-09
E-File
990
XML
990
Tax period ending in
2020-09
E-File
990
XML
990
Tax period ending in
2019-09
PDF
990
E-File
990
XML
990
Tax period ending in
2018-09
PDF
990
E-File
990
XML
990
Tax period ending in
2017-09
E-File
990
XML
990
Tax period ending in
2016-09
E-File
990
XML
990

Nonprofit Location

Physical Address info
403 PARKWAY DR
PARK HILLS, MO 63601
St. Francois County
Area Type info
Micropolitan Statistical Area
FIPS Geocoded Address info
NA
MSA/MD info
29
State info
187
County info
9511.01
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
22100 - Farmington, MO
Combined Statistical Area info
476 - St. Louis-St. Charles-Farmington, MO-IL
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 11.79%
FFIEC Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info
  • MO - Bollinger County
  • MO - Cape Girardeau County
  • MO - Iron County
  • MO - Madison County
  • MO - Perry County
  • MO - Ste. Genevieve County
  • MO - St. Francois County
  • MO - Washington County

Market Data

Census Tract County
9511.01 St. Francois County
Population
Total Population 2,308 66,814
Total Households 1,058 23,973
Income
Median Income* $34,324 $53,083
Median Family Income (2024 FFIEC est.) $70,600 $70,600
Tract Income Percentage 60.26% N/A
Below Poverty Level 21.8% 17.6%
Unemployment Level 9.5% 4.8%
Housing
Total Housing Units 1,157 28,780
Total Owner-Occupied Units 26.3% 69.1%
Total Renter-Occupied Units 65.2% 30.9%
Total Vacant Units 8.6% 7%
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2022 American Community Survey.
View more than 200 performance context data points for this county now.

Management

8
Total Voting Members
in Governing Body info
8
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Denis Moore
Principal Officer info
Denis Moore
findCRA Profile Owner
Heather Garner
Business Development Coach
hgarner@eastmoaa.org
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower 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
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-09.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. 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 help.findcra.com.