Civic Intelligence

South Eastern Development Foundation

990 • Fiscal year 2016 • EIN 30-0017659

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 12, 2017

Organization Profilewww.sedf.info
500 N WESTERN AVENUE Room 100Sioux Falls, SD 57104

(605) 367-5390

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.50x

Higher debt load relative to assets than 72% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

2.30x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

93rd percentile

56%

Higher net margin than 93% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

87th percentile

23%

Faster asset growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

58%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$10,893,854

Up $2,056,699 (+23%) from 2015

Net Assets

Up

$5,453,547

Up $1,370,235 (+34%) from 2015

Liabilities

Up

$5,440,307

Up $686,464 (+14%) from 2015

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin93rd percentile

Revenue

Up

$2,363,977

Up $867,306 (+58%) from 2015

Expenses

Up

$1,037,542

Up $482,252 (+87%) from 2015

Net Income

Up

$1,326,435

Up $385,054 (+41%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $5,205,187Liabilities 2010: $3,346,687Net Assets 2010: $1,858,5002010Assets 2012: $7,819,679Liabilities 2012: $4,758,434Net Assets 2012: $3,061,2452012Assets 2013: $8,616,724Liabilities 2013: $5,411,362Net Assets 2013: $3,205,3622013Assets 2015: $8,837,155Liabilities 2015: $4,753,843Net Assets 2015: $4,083,3122015Assets 2016: $10,893,854Liabilities 2016: $5,440,307Net Assets 2016: $5,453,5472016Assets 2017: $12,095,069Liabilities 2017: $5,816,766Net Assets 2017: $6,278,3032017Assets 2018: $12,397,266Liabilities 2018: $4,994,718Net Assets 2018: $7,402,5482018Assets 2019: $12,990,834Liabilities 2019: $5,770,593Net Assets 2019: $7,220,2412019Assets 2021: $22,464,210Liabilities 2021: $7,635,246Net Assets 2021: $14,828,9642021Assets 2024: $26,411,169Liabilities 2024: $7,364,988Net Assets 2024: $19,046,1812024

Highlighted filing

2016

Assets$10,893,854
Liabilities$5,440,307
Net Assets$5,453,547
Open 2016 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $227,1932010Expenses 2012: $230,9322012Revenue 2013: $574,665Expenses 2013: $430,548Net Income 2013: $144,1172013Revenue 2015: $1,496,671Expenses 2015: $555,290Net Income 2015: $941,3812015Revenue 2016: $2,363,977Expenses 2016: $1,037,542Net Income 2016: $1,326,4352016Revenue 2017: $2,610,371Expenses 2017: $1,769,415Net Income 2017: $840,9562017Revenue 2018: $1,819,104Expenses 2018: $678,659Net Income 2018: $1,140,4452018Revenue 2019: $623,583Expenses 2019: $668,147Net Income 2019: -$44,5642019Revenue 2021: $4,520,935Expenses 2021: $737,367Net Income 2021: $3,783,5682021Revenue 2024: $3,576,818Expenses 2024: $1,545,327Net Income 2024: $2,031,4912024

Highlighted filing

2016

Revenue$2,363,977
Expenses$1,037,542
Net Income$1,326,435
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 12, 2017
Return Version
2016v3.0
Gross Receipts
$2,363,977
Mission and Program Overview

Mission

Strengthening communities and stimulating economic development through small business lending and affordable housing initiatives

Strengthening communities and stimulating economic development through small business lending and affordable housing initiatives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$5,650,075$6,787,504▲ $1,137,429
Cash and Non-Interest-Bearing Accounts$2,694,796$3,083,279▲ $388,483
Accounts Receivable$56,149$435,128▲ $378,979
Land, Buildings, and Equipment, Net$5,200--
Total Assets$8,837,155$10,893,854▲ $2,056,699
Other Assets Total$430,935$587,943▲ $157,008
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,747,239$4,929,521▲ $182,282
Grants Payable-$401,375-
Accounts Payable and Accrued Expenses$4,979$106,364▲ $101,385
Deferred Revenue-$3,047-
Other Liabilities$1,625--
Total Liabilities$4,753,843$5,440,307▲ $686,464
Net Assets / Fund Balance
Unrestricted Net Assets$2,505,500$3,893,379▲ $1,387,879
Temporarily Rstr Net Assets$1,577,812$1,560,168▼ $17,644
Total Net Assets Fund Balance$4,083,312$5,453,547▲ $1,370,235
Total Liabilities and Net Assets / Fund Balance$8,837,155$10,893,854▲ $2,056,699

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$24,300$24,300
Other Assets Org$584,150--
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Trent PrinsPresident
Jason AppelVice-president
Amy ArndtDirector
Todd RunningDirector
Ryan AmmannSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
South Eastern Council Of GovernmentsStaffing And Direct Billing Costs500 N WESTERN AVENUE SUITE 100, Sioux Falls, SD 57104$288,535
Revenue and Support

Revenue Composition

Contributions and Grants
$1,216,672
Program Service Revenue
$1,118,104
Investment Income
$22,465
Other Revenue
$6,736
All Other Contributions
$1,216,672
Change in Net Assets
$1,326,435

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,363,977
Total Revenue per Audited Statements
$2,363,977
Total Revenue per Form 990
$2,363,977
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,037,542
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$228,535--$228,535
Interest$59,704--$59,704
Travel$11,239--$11,239
Fees for Services Legal$10,486--$10,486
Depreciation Depletion$5,200--$5,200
All Other Expenses$5,063--$5,063
Insurance$2,611--$2,611
Fees for Services Other$1,560--$1,560
Other Expenses$465--$465
Total Functional Expenses$1,037,542$0$0$1,037,542

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,037,542
Total Expenses per Audited Statements$1,037,542
Total Expenses per Form 990$1,037,542
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Rental Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 12

“Sedf maintains a conflict of interest policy, which is reviewed annually with each current acting board of directors.”

Form 990, Part VI, Section C, Line 19

“Govering documents, by laws, conflict of interest policy and financial statements are available to the public upon request.”

Form 990, Part VI, Section B, Line 15A

“Secog contracted with schenck sc in 2015, to undertake an analysis of secogs pay plan. The new and revised pay plan is basd on comparative industry data from local, statewide and national data. Secog hires a professional to evaluate and update its pay plan every 3-5 years.”

Form 990, Part VI, Section B, Line 11

“The audited financial statements along with related tax returns are submitted to the sedf board of directors for review and approval. This action may occur before or after the actual filing of the tax return.”

Filing and Contact Details

Filer

Filer Name
South Eastern Development Foundation
EIN
30-0017659
Phone
6053675390
Address
500 N WESTERN AVENUE Room 100, SIOUX FALLS, SD 57104

Signing Officer

Name
Lynne Keller Forbes
Title
Executive Director
Signed
2017-04-12
Discuss with paid preparer
Yes

Organization Details

Formed
2002
Legal Domicile
Sd
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Quam Berglin & Post Pc
Address
PO BOX 426, ELK POINT, SD 57025
Preparer
Terri L Post
Phone
6053563374
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Provision for loan losses”

Raw XML AppendixShowing 400 of 414 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04979
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0106364
IRS990/AccountsReceivableGrp/BOYAmt056149
IRS990/AccountsReceivableGrp/EOYAmt0435128
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0STRENGTHENING COMMUNITIES AND STIMULATING ECONOMIC DEVELOPMENT THROUGH SMALL BUSINESS LENDING AND AFFORDABLE HOUSING INITIATIVES.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt01216672
IRS990/AllOtherExpensesGrp/ProgramServicesAmt05063
IRS990/AllOtherExpensesGrp/TotalAmt05063
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0LYNNE KELLER FORBES
IRS990/BooksInCareOfDetail/PhoneNum06053675390
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0500 N WESTERN AVENUE SUITE 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0SIOUX FALLS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd057104
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02694796
IRS990/CashNonInterestBearingGrp/EOYAmt03083279
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0288535
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0500 N WESTERN AVENUE SUITE 100
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0SIOUX FALLS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0SD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd057104
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0SOUTH EASTERN COUNCIL OF GOVERNMENTS
IRS990/ContractorCompensationGrp/ServicesDesc0STAFFING AND DIRECT BILLING COSTS
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01216672
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt022465
IRS990/CYOtherExpensesAmt01037542
IRS990/CYOtherRevenueAmt06736
IRS990/CYProgramServiceRevenueAmt01118104
IRS990/CYRevenuesLessExpensesAmt01326435
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01037542
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02363977
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt03047
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt05200
IRS990/DepreciationDepletionGrp/TotalAmt05200
IRS990/Desc0REVOLVING LOAN FUND PROGRAM TO BE USED FOR COMMUNITY AND ECONOMIC DEVELOPMENT
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0382260
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt010486
IRS990/FeesForServicesLegalGrp/TotalAmt010486
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0228535
IRS990/FeesForServicesManagementGrp/TotalAmt0228535
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt01560
IRS990/FeesForServicesOtherGrp/TotalAmt01560
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4001.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0TRENT PRINS
IRS990/Form990PartVIISectionAGrp/PersonNm1AMY ARNDT
IRS990/Form990PartVIISectionAGrp/PersonNm2RYAN AMMANN
IRS990/Form990PartVIISectionAGrp/PersonNm3TODD RUNNING
IRS990/Form990PartVIISectionAGrp/PersonNm4JASON APPEL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE-PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsPayableGrp/EOYAmt0401375
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02363977
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt02611
IRS990/InsuranceGrp/TotalAmt02611
IRS990/InterestGrp/ProgramServicesAmt059704
IRS990/InterestGrp/TotalAmt059704
IRS990/InvestmentIncomeGrp/ExclusionAmt022465
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt022465
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt024300
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05200
IRS990/LandBldgEquipCostOrOtherBssAmt024300
IRS990/LegalDomicileStateCd0SD
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0STRENGTHENING COMMUNITIES AND STIMULATING ECONOMIC DEVELOPMENT THROUGH SMALL BUSINESS LENDING AND AFFORDABLE HOUSING INITIATIVES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04747239
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04929521
IRS990/NetAssetsOrFundBalancesBOYAmt04083312
IRS990/NetAssetsOrFundBalancesEOYAmt05453547
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0430935
IRS990/OtherAssetsTotalGrp/EOYAmt0587943
IRS990/OtherChangesInNetAssetsAmt043800
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0BUSINESS/HOUSE DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2HOUSING ACTIVITIES
IRS990/OtherExpensesGrp/Desc3DUES/SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt0639452
IRS990/OtherExpensesGrp/ProgramServicesAmt157397
IRS990/OtherExpensesGrp/ProgramServicesAmt215830
IRS990/OtherExpensesGrp/ProgramServicesAmt3465
IRS990/OtherExpensesGrp/TotalAmt0639452
IRS990/OtherExpensesGrp/TotalAmt157397
IRS990/OtherExpensesGrp/TotalAmt215830
IRS990/OtherExpensesGrp/TotalAmt3465
IRS990/OtherLiabilitiesGrp/BOYAmt01625
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06736
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06736
IRS990/OtherRevenueTotalAmt06736
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05650075
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06787504
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0LYNNE KELLER FORBES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1531310
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1HOUSING ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0361066
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1757038
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0361066
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1757038
IRS990/ProgSrvcAccomActy2Grp/Desc0HOUSING FINANCING AND DEVELOPMENT TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES TO LOW AND MODERATE INCOME FAMILIES IN THE REGION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0655282
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0881645
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt023747
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0555290
IRS990/PYOtherRevenueAmt015115
IRS990/PYProgramServiceRevenueAmt0576164
IRS990/PYRevenuesLessExpensesAmt0941381
IRS990/PYTotalExpensesAmt0555290
IRS990/PYTotalRevenueAmt01496671
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01326435
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01216672
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0881645
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0249548
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0244302
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0782964
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03375131
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt022465
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt023747
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt027720
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt029191
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt026834
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0129957
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt06736
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt015115
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0714
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01471
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0212
IRS990ScheduleA/OtherIncome170Grp/TotalAmt024248
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95630
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.94010
IRS990ScheduleA/PublicSupportTotal170Amt03375131
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01216672
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0881645
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0249548
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0244302
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0782964
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03375131
IRS990ScheduleA/TotalSupportAmt03529336
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024300
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024300
IRS990ScheduleD/ExpensesSubtotalAmt01037542
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03793
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1584150
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PREPAID EXPENSES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INVENTORY HELD FOR RESALE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RENTAL DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt02363977
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0587943
IRS990ScheduleD/TotalExpensesPerForm990Amt01037542
IRS990ScheduleD/TotalRevenuePerForm990Amt02363977
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02363977
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01037542
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEDF MAINTAINS A CONFLICT OF INTEREST POLICY, WHICH IS REVIEWED ANNUALLY WITH EACH CURRENT ACTING BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERING DOCUMENTS, BY LAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SECOG CONTRACTED WITH SCHENCK SC IN 2015, TO UNDERTAKE AN ANALYSIS OF SECOGS PAY PLAN. THE NEW AND REVISED PAY PLAN IS BASD ON COMPARATIVE INDUSTRY DATA FROM LOCAL, STATEWIDE AND NATIONAL DATA. SECOG HIRES A PROFESSIONAL TO EVALUATE AND UPDATE ITS PAY PLAN EVERY 3-5 YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROVISION FOR LOAN LOSSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE AUDITED FINANCIAL STATEMENTS ALONG WITH RELATED TAX RETURNS ARE SUBMITTED TO THE SEDF BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. THIS ACTION MAY OCCUR BEFORE OR AFTER THE ACTUAL FILING OF THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01577812
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01560168
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08837155
IRS990/TotalAssetsEOYAmt010893854
IRS990/TotalAssetsGrp/BOYAmt08837155
IRS990/TotalAssetsGrp/EOYAmt010893854
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01216672
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01037542
IRS990/TotalFunctionalExpensesGrp/TotalAmt01037542
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04753843
IRS990/TotalLiabilitiesEOYAmt05440307
IRS990/TotalLiabilitiesGrp/BOYAmt04753843
IRS990/TotalLiabilitiesGrp/EOYAmt05440307
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04083312
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05453547
IRS990/TotalProgramServiceExpensesAmt01037542
IRS990/TotalProgramServiceRevenueAmt01118104
IRS990/TotalRevenueGrp/ExclusionAmt022465
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01124840
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02363977
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08837155
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010893854
IRS990/TravelGrp/ProgramServicesAmt011239
IRS990/TravelGrp/TotalAmt011239
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02505500
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03893379
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0500 N WESTERN AVENUE
IRS990/USAddress/CityNm0SIOUX FALLS
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057104
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LYNNE KELLER FORBES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTH EASTERN DEVELOPMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0300017659
ReturnHeader/Filer/PhoneNum06053675390
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 N WESTERN AVENUE Room 100
ReturnHeader/Filer/USAddress/CityNm0SIOUX FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057104
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B497BA03F95D59D369F48C7AB2DD8FF6073FBEEB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E70C7E45B78DA29724C4F54149FE0F2F16629EF1
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.16.63.214
ReturnHeader/FilingSecurityInformation/IPDt02017-04-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,893,854
Liabilities
$5,440,307
Net assets
$5,453,547
Revenue
$2,363,977
Expenses
$1,037,542
Net income
$1,326,435
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.4$7.36$19.0$3.58$1.55$2.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.5$7.64$14.8$4.52$0.74$3.78
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$5.77$7.22$0.62$0.67$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$4.99$7.40$1.82$0.68$1.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$5.82$6.28$2.61$1.77$0.84
2016Detailed filing. Detailed filing data is available for this year.$10.9$5.44$5.45$2.36$1.04$1.33
2015Detailed filing. Detailed filing data is available for this year.$8.84$4.75$4.08$1.50$0.56$0.94
2013Detailed filing. Detailed filing data is available for this year.$8.62$5.41$3.21$0.57$0.43$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.82$4.76$3.06$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.21$3.35$1.86$0.23
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $10M-$25M nonprofits