Ne South Dakota Community Action Program Inc

“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.”

“Regular and consistent monitering of policy.”

“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.”

“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.”

“GUIDESTAR.COM IRS.GOV”

“Governing documents are available on request.”

“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.”

“GROW SOUTH DAKOTA”

“Board members serve without compensation.”

“Emergency assistance - low income individuals were assisted in various ways to help pay bills they were unable to pay.”

“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”

“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.”