Civic Intelligence

First District Development Company

990 • Fiscal year 2019 • EIN 46-0374958

Oct 01, 2018 to Sep 30, 2019 • Filed on Nov 22, 2019

Organization ProfileWWW.1STDISTRICT.ORG
418 18th Ave NE PO Box 1207Watertown, SD 57201-6207

(605) 882-5115

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$3,146,232

Flat from 2019

Net Assets

Flat

$2,599,487

Flat from 2019

Liabilities

Flat

$546,745

Flat from 2019

Revenue And Expenses

Revenue

Flat

$492,396

Flat from 2019

Expenses

Flat

$323,399

Flat from 2019

Net Income

Flat

$168,997

Flat from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,642,202Liabilities 2011: $2,073,877Net Assets 2011: $1,568,3252011Assets 2012: $3,627,306Liabilities 2012: $1,853,023Net Assets 2012: $1,774,2832012Assets 2013: $3,640,548Liabilities 2013: $1,628,737Net Assets 2013: $2,011,8112013Assets 2014: $3,482,838Liabilities 2014: $1,385,087Net Assets 2014: $2,097,7512014Assets 2015: $3,415,617Liabilities 2015: $1,175,130Net Assets 2015: $2,240,4872015Assets 2016: $3,373,866Liabilities 2016: $1,003,561Net Assets 2016: $2,370,3052016Assets 2017: $3,253,924Liabilities 2017: $816,264Net Assets 2017: $2,437,6602017Assets 2018: $3,045,287Liabilities 2018: $614,797Net Assets 2018: $2,430,4902018Assets 2019: $3,146,232Liabilities 2019: $546,745Net Assets 2019: $2,599,4872019Assets 2019: $3,146,232Liabilities 2019: $546,745Net Assets 2019: $2,599,4872019Assets 2020: $3,367,710Liabilities 2020: $752,320Net Assets 2020: $2,615,3902020Assets 2021: $3,434,055Liabilities 2021: $680,779Net Assets 2021: $2,753,2762021Assets 2022: $3,325,748Liabilities 2022: $533,770Net Assets 2022: $2,791,9782022Assets 2023: $3,356,632Liabilities 2023: $502,177Net Assets 2023: $2,854,4552023Assets 2024: $3,604,020Liabilities 2024: $498,496Net Assets 2024: $3,105,5242024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2019

Assets$3,146,232
Liabilities$546,745
Net Assets$2,599,487
Open 2019 Filing

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2011: $392,356Expenses 2011: $264,789Net Income 2011: $127,5672011Expenses 2012: $289,4262012Expenses 2013: $312,8582013Revenue 2014: $443,759Expenses 2014: $357,819Net Income 2014: $85,9402014Revenue 2015: $501,535Expenses 2015: $358,799Net Income 2015: $142,7362015Revenue 2016: $402,223Expenses 2016: $272,405Net Income 2016: $129,8182016Revenue 2017: $367,167Expenses 2017: $299,812Net Income 2017: $67,3552017Revenue 2018: $374,676Expenses 2018: $381,846Net Income 2018: -$7,1702018Revenue 2019: $492,396Expenses 2019: $323,399Net Income 2019: $168,9972019Revenue 2019: $492,396Expenses 2019: $323,399Net Income 2019: $168,9972019Revenue 2020: $423,442Expenses 2020: $407,539Net Income 2020: $15,9032020Revenue 2021: $495,328Expenses 2021: $357,441Net Income 2021: $137,8872021Revenue 2022: $430,953Expenses 2022: $392,251Net Income 2022: $38,7022022Revenue 2023: $421,878Expenses 2023: $359,401Net Income 2023: $62,4772023Revenue 2024: $590,537Expenses 2024: $339,468Net Income 2024: $251,0692024Revenue 2025: $81,550Expenses 2025: $3,187,074Net Income 2025: -$3,105,5242025

Highlighted filing

2019

Revenue$492,396
Expenses$323,399
Net Income$168,997
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Nov 22, 2019
Return Version
2018v3.1
Gross Receipts
$492,396
Mission and Program Overview

Mission

Provide assistance and consultation to loan applicants

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,530,148$2,422,701▼ $107,447
Other Notes and Loans Receivable, Net$486,393$442,873▼ $43,520
Land, Buildings, and Equipment, Net$3,246$242,120▲ $238,874
Accounts Receivable$19,435$33,128▲ $13,693
Total Assets$3,045,287$3,146,232▲ $100,945
Other Assets Total$6,065$5,410▼ $655
Liabilities
Mortgage Notes Payable Secured by Investment Property$591,328$493,815▼ $97,513
Accounts Payable and Accrued Expenses$23,469$52,930▲ $29,461
Total Liabilities$614,797$546,745▼ $68,052
Net Assets / Fund Balance
Unrestricted Net Assets$1,511,410$1,617,595▲ $106,185
Temporarily Rstr Net Assets$919,080$981,892▲ $62,812
Total Net Assets Fund Balance$2,430,490$2,599,487▲ $168,997
Total Liabilities and Net Assets / Fund Balance$3,045,287$3,146,232▲ $100,945

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$238,500-$238,500
Equipment$3,620$31,112$34,732
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ben HansonPresident
Bobbie BohlenV President
Al HeutonDirector
Clara LuvaasDirector
Jon KnuthsDirector
Kimberly BanksDirector
Lyle GrenzDirector
Michelle KakacekDirector
Paul MooreDirector
Paula HulscherExecutive VP
Tim WalterSecretary
Earl PophamTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$472,988
Investment Income
$18,793
Other Revenue
$615
Change in Net Assets
$168,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$251,063
Other Expenses$72,336
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$222,067--$222,067
Travel$29,415--$29,415
Payroll Taxes$16,784--$16,784
Fees for Services Accounting$14,836--$14,836
Pension Plan Contributions$12,212--$12,212
Office Expenses$10,267--$10,267
Information Technology$9,237--$9,237
Insurance$8,390--$8,390
Occupancy$8,059--$8,059
Interest$5,370--$5,370
Other Expenses$3,129--$3,129
Advertising$2,871--$2,871
Depreciation Depletion$1,682--$1,682
All Other Expenses$-53,803--$-53,803
Total Functional Expenses$323,399$0$0$323,399
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
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, Page 6, Part VI, Line 9

“Paul moore 202 w. Hwy 38 hartford, sd 57033 ben hanson po box 209 sisseton, sd 57262 tim walter po box 1000 watertown, sd 57201 earl popham po box 27 estelline, sd 57234 jon knuths po box 327 madison, sd 57042 kimberly banks 8113 s seven oaks dr sioux falls, sd 57108 al heuton 2301 research park way suite 113 brookings, sd 57006 bobbie bohlen 1001 east 4th avenue milbank, sd 57252 michelle kakacek po box 332 watertown, sd 57201 clara luvaas 42450 160th st bradley, sd 57217 lyle grenz 600 s tayberry ave sioux falls, sd 57106”

Form 990, Page 6, Part VI, Line 11B

“The executive vice president reviewed the form 990 before it was filed.”

Form 990, Page 6, Part VI, Line 12C

“Conflicts of interest are reviewed with each loan application request. A checklist is used to determine whether any employee, director, or officer has any real or apparent conflict of interest with the applicant.”

Form 990, Page 6, Part VI, Line 15A

“Compensation process for executive vice president (top management official) includes review and approval by the personnel committee of the fddc board of directors annually. Review of performance and comparison data are included in this process.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
First District Development Company
EIN
46-0374958
Phone
6058825115
Address
418 18TH AVE NE PO BOX 1207, WATERTOWN, SD 57201-6207

Signing Officer

Name
Paula Hulscher
Title
Executive VP
Phone
6088825115
Signed
2019-11-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paula Hulscher
Formed
1982
Legal Domicile
Sd
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
William Neale & Co Pc
Address
304 9TH AVE SE PO BOX 490, WATERTOWN, SD 57201-0490
Preparer
Troy a Hieb
Phone
6058866028
Raw XML AppendixShowing 400 of 427 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/BOYAmt023469
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt052930
IRS990/AccountsReceivableGrp/BOYAmt019435
IRS990/AccountsReceivableGrp/EOYAmt033128
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE ASSISTANCE AND CONSULTATION TO LOAN APPLICANTS
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ProgramServicesAmt02871
IRS990/AdvertisingGrp/TotalAmt02871
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0-53803
IRS990/AllOtherExpensesGrp/TotalAmt0-53803
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0PAULA HULSCHER
IRS990/BooksInCareOfDetail/PhoneNum06058825115
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0418 18TH AVE NE
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0PO BOX 1207
IRS990/BooksInCareOfDetail/USAddress/CityNm0WATERTOWN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0572016207
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt018793
IRS990/CYOtherExpensesAmt072336
IRS990/CYOtherRevenueAmt0615
IRS990/CYProgramServiceRevenueAmt0472988
IRS990/CYRevenuesLessExpensesAmt0168997
IRS990/CYSalariesCompEmpBnftPaidAmt0251063
IRS990/CYTotalExpensesAmt0323399
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0492396
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01682
IRS990/DepreciationDepletionGrp/TotalAmt01682
IRS990/Desc0SMALL BUSINESS ADMINISTRATION 503/504 PROGRAM - PROVIDES BUSINESSES WITH ASSISTANCE AND CONSULTATION IN THE PREPARATION OF DOCUMENTS NECESSARY TO OBTAIN SBA LOANS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0340195
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt014836
IRS990/FeesForServicesAccountingGrp/TotalAmt014836
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0PAUL MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm1BEN HANSON
IRS990/Form990PartVIISectionAGrp/PersonNm2TIM WALTER
IRS990/Form990PartVIISectionAGrp/PersonNm3EARL POPHAM
IRS990/Form990PartVIISectionAGrp/PersonNm4JON KNUTHS
IRS990/Form990PartVIISectionAGrp/PersonNm5KIMBERLY BANKS
IRS990/Form990PartVIISectionAGrp/PersonNm6AL HEUTON
IRS990/Form990PartVIISectionAGrp/PersonNm7BOBBIE BOHLEN
IRS990/Form990PartVIISectionAGrp/PersonNm8MICHELLE KAKACEK
IRS990/Form990PartVIISectionAGrp/PersonNm9CLARA LUVAAS
IRS990/Form990PartVIISectionAGrp/PersonNm10LYLE GRENZ
IRS990/Form990PartVIISectionAGrp/PersonNm11PAULA HULSCHER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7V PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE VP
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01982
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0492396
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt011
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt09237
IRS990/InformationTechnologyGrp/TotalAmt09237
IRS990/InsuranceGrp/ProgramServicesAmt08390
IRS990/InsuranceGrp/TotalAmt08390
IRS990/InterestGrp/ProgramServicesAmt05370
IRS990/InterestGrp/TotalAmt05370
IRS990/InvestmentIncomeGrp/ExclusionAmt018793
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt018793
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt031112
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03246
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0242120
IRS990/LandBldgEquipCostOrOtherBssAmt0273232
IRS990/LegalDomicileStateCd0SD
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE ASSISTANCE AND CONSULTATION TO LOAN APPLICANTS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0591328
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0493815
IRS990/NetAssetsOrFundBalancesBOYAmt02430490
IRS990/NetAssetsOrFundBalancesEOYAmt02599487
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt08059
IRS990/OccupancyGrp/TotalAmt08059
IRS990/OfficeExpensesGrp/ProgramServicesAmt010267
IRS990/OfficeExpensesGrp/TotalAmt010267
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06065
IRS990/OtherAssetsTotalGrp/EOYAmt05410
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc1ECONOMIC DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3CONTRACT LABOR
IRS990/OtherExpensesGrp/ProgramServicesAmt021512
IRS990/OtherExpensesGrp/ProgramServicesAmt17781
IRS990/OtherExpensesGrp/ProgramServicesAmt23590
IRS990/OtherExpensesGrp/ProgramServicesAmt33129
IRS990/OtherExpensesGrp/TotalAmt021512
IRS990/OtherExpensesGrp/TotalAmt17781
IRS990/OtherExpensesGrp/TotalAmt23590
IRS990/OtherExpensesGrp/TotalAmt33129
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0615
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0615
IRS990/OtherRevenueTotalAmt0615
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0222067
IRS990/OtherSalariesAndWagesGrp/TotalAmt0222067
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0486393
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0442873
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt016784
IRS990/PayrollTaxesGrp/TotalAmt016784
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt012212
IRS990/PensionPlanContributionsGrp/TotalAmt012212
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0PAULA HULSCHER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SERVICING INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SBA LOAN FEES
IRS990/ProgramServiceRevenueGrp/Desc2INTEREST ON INSTALLMENT LOANS
IRS990/ProgramServiceRevenueGrp/Desc3FLOAT INTEREST
IRS990/ProgramServiceRevenueGrp/Desc4LOAN PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0238753
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1187301
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt224917
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt318049
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt43968
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0238753
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1187301
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt224917
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt318049
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt43968
IRS990/ProgSrvcAccomActy2Grp/Desc0INTERMEDIARY RELENDING PROGRAM - ESTABLISHES REVOLVING LOAN FUNDS TO LEND MONEY TO BUSINESSES TO ASSIST IN JOB CREATION WITHIN THE REGION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0-24730
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt024064
IRS990/ProgSrvcAccomActy3Grp/Desc0REVOLVING LOAN FUND PROGRAM - ESTABLISHES REVOLVING LOAN FUNDS TO LEND MONEY TO BUSINESSES TO ASSIST IN JOB CREATION WITHIN THE REGION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt07934
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt04821
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt019329
IRS990/PYOtherExpensesAmt0154466
IRS990/PYOtherRevenueAmt0375
IRS990/PYProgramServiceRevenueAmt0354972
IRS990/PYRevenuesLessExpensesAmt0-7170
IRS990/PYSalariesCompEmpBnftPaidAmt0227380
IRS990/PYTotalExpensesAmt0381846
IRS990/PYTotalRevenueAmt0374676
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0168997
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0444103
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02530148
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02422701
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt018793
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt019329
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt019709
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt018934
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt022534
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt099299
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0473603
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0355347
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0347458
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0383289
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0479001
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02038698
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt018793
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt019329
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt019709
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt018934
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt022534
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt099299
IRS990ScheduleA/InvestmentIncomeCYPct00.05000
IRS990ScheduleA/InvestmentIncomePYPct00.05000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95360
IRS990ScheduleA/PublicSupportPY509Pct00.95000
IRS990ScheduleA/PublicSupportTotal509Amt02038698
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0473603
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0355347
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0347458
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0383289
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0479001
IRS990ScheduleA/Total509Grp/TotalAmt02038698
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0492396
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0374676
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0367167
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0402223
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0501535
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02137997
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0238500
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0238500
IRS990ScheduleD/EquipmentGrp/BookValueAmt03620
IRS990ScheduleD/EquipmentGrp/DepreciationAmt031112
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034732
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0242120
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PAUL MOORE 202 W. HWY 38 HARTFORD, SD 57033 BEN HANSON PO BOX 209 SISSETON, SD 57262 TIM WALTER PO BOX 1000 WATERTOWN, SD 57201 EARL POPHAM PO BOX 27 ESTELLINE, SD 57234 JON KNUTHS PO BOX 327 MADISON, SD 57042 KIMBERLY BANKS 8113 S SEVEN OAKS DR SIOUX FALLS, SD 57108 AL HEUTON 2301 RESEARCH PARK WAY SUITE 113 BROOKINGS, SD 57006 BOBBIE BOHLEN 1001 EAST 4TH AVENUE MILBANK, SD 57252 MICHELLE KAKACEK PO BOX 332 WATERTOWN, SD 57201 CLARA LUVAAS 42450 160TH ST BRADLEY, SD 57217 LYLE GRENZ 600 S TAYBERRY AVE SIOUX FALLS, SD 57106
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE VICE PRESIDENT REVIEWED THE FORM 990 BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICTS OF INTEREST ARE REVIEWED WITH EACH LOAN APPLICATION REQUEST. A CHECKLIST IS USED TO DETERMINE WHETHER ANY EMPLOYEE, DIRECTOR, OR OFFICER HAS ANY REAL OR APPARENT CONFLICT OF INTEREST WITH THE APPLICANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION PROCESS FOR EXECUTIVE VICE PRESIDENT (TOP MANAGEMENT OFFICIAL) INCLUDES REVIEW AND APPROVAL BY THE PERSONNEL COMMITTEE OF THE FDDC BOARD OF DIRECTORS ANNUALLY. REVIEW OF PERFORMANCE AND COMPARISON DATA ARE INCLUDED IN THIS PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0919080
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0981892
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03045287
IRS990/TotalAssetsEOYAmt03146232
IRS990/TotalAssetsGrp/BOYAmt03045287
IRS990/TotalAssetsGrp/EOYAmt03146232
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0323399
IRS990/TotalFunctionalExpensesGrp/TotalAmt0323399
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0614797
IRS990/TotalLiabilitiesEOYAmt0546745
IRS990/TotalLiabilitiesGrp/BOYAmt0614797
IRS990/TotalLiabilitiesGrp/EOYAmt0546745
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02430490
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02599487
IRS990/TotalProgramServiceExpensesAmt0323399
IRS990/TotalProgramServiceRevenueAmt0472988
IRS990/TotalRevenueGrp/ExclusionAmt018793
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0473603
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0492396
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03045287
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03146232
IRS990/TravelGrp/ProgramServicesAmt029415
IRS990/TravelGrp/TotalAmt029415
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01511410
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01617595
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0418 18TH AVE NE
IRS990/USAddress/CityNm0WATERTOWN
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd0572016207
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.1STDISTRICT.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAULA HULSCHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VP
ReturnHeader/BusinessOfficerGrp/PhoneNum06088825115
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST DISTRICT DEVELOPMENT COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0FIRS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,146,232
Liabilities
$546,745
Net assets
$2,599,487
Revenue
$492,396
Expenses
$323,399
Net income
$168,997
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.08$3.19$3.11
2024Summary only. Only limited summary data is available for this year.$3.60$0.50$3.11$0.59$0.34$0.25
2023Summary only. Only limited summary data is available for this year.$3.36$0.50$2.85$0.42$0.36$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.53$2.79$0.43$0.39$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$0.68$2.75$0.50$0.36$0.14
2020Summary only. Only limited summary data is available for this year.$3.37$0.75$2.62$0.42$0.41$0.02
2019Detailed filing. Detailed filing data is available for this year.$3.15$0.55$2.60$0.49$0.32$0.17
2019Summary only. Only limited summary data is available for this year.$3.15$0.55$2.60$0.49$0.32$0.17
2018Summary only. Only limited summary data is available for this year.$3.05$0.61$2.43$0.37$0.38$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$0.82$2.44$0.37$0.30$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.37$1.00$2.37$0.40$0.27$0.13
2015Detailed filing. Detailed filing data is available for this year.$3.42$1.18$2.24$0.50$0.36$0.14
2014Detailed filing. Detailed filing data is available for this year.$3.48$1.39$2.10$0.44$0.36$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.64$1.63$2.01$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.63$1.85$1.77$0.29
2011Summary only. Only limited summary data is available for this year.$3.64$2.07$1.57$0.39$0.26$0.13