Overview
What is South Eastern Development Foundation?
The South Eastern Development Foundation, situated in Sioux Falls, South Dakota, is a nonprofit organization dedicated to enhancing community development and stimulating economic growth. Through their housing financing and development initiatives, they offer affordable housing opportunities to families with moderate to low incomes within the region. To achieve this mission, the foundation engages in small business lending and affordable housing projects, thereby contributing to the overall strengthening of their local communities.
Is South Eastern Development Foundation legitimate?
South Eastern Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Eastern Development Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of South Eastern Development Foundation?
The South Eastern Development Foundation's mission is centered around enhancing community growth and stimulating economic development. They achieve this through two primary initiatives: offering financial assistance to small businesses and providing affordable housing opportunities for low and moderate income families. This foundation's activities aim to foster economic advancement and improve living conditions within the community.
Who is the CEO of South Eastern Development Foundation?
Eric Dehaan is the President of South Eastern Development Foundation.
What is the revenue of South Eastern Development Foundation?
South Eastern Development Foundation's revenue in 2022 was $2,283,474.
Who are the executives of South Eastern Development Foundation and what are their salaries?
- Lynne Keller Forbes (Executive Dir.) [Trustee/Director]
- Eric Dehaan (President) [Trustee/Director]
- Dave Kroll (Director)
- Keith Thompson (Vice President) [Trustee/Director]
- Marcus Mahlen (Director)
- Paul Tschetter (Sec/Treasurer) [Trustee/Director]
Where can I find the form 990 for South Eastern Development Foundation?
The South Eastern Development Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of South Eastern Development Foundation
The South Eastern Development Foundation's mission is centered around reinforcing communities and stimulating economic growth. They achieve this through two primary initiatives: providing small business loans and promoting affordable housing opportunities. By offering small business lending, the foundation aims to support local entrepreneurs and contribute to the economic development of the communities they serve. On the other hand, their affordable housing initiatives provide a vital service to low and moderate-income families, ensuring they have access to suitable living spaces. This holistic approach, focusing on both economic development and housing needs, is the South Eastern Development Foundation's mission in action.
Impact
This information is meant to be a general summary of South Eastern Development Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
South Eastern Development Foundation's impact lies in strengthening communities and stimulating economic development through small business lending and affordable housing initiatives. Their Housing Financing and development program provides affordable housing opportunities to low and moderate-income families in Sioux Falls, SD. Through their efforts, they contribute to community improvement by supporting small businesses and providing access to affordable housing options for those in need.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Housing Development
Revenue
$215,595
Interest on Notes Receiva
Revenue
$547,893
Loan Origination Fees
Revenue
$34,887
Miscellaneous
Revenue
$16,717
Organization Details
Founding Year
2002
Phone
(605) 681-8172
Principal Officer
Eric Dehaan
Main Address
500 N Western Avenue, Sioux Falls, SD, 57104
NTEE Category
Code: S32 - Community improvement
If you are a representative of South Eastern Development Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.