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  4. Southeastern Minnesota 504 Development
EIN 41-1678990

Southeastern Minnesota 504 Development

IRS 501(c) type
501(c)(6)
Num. employees
3
City
Rochester
State
Minnesota
Year formed
1990
Most recent tax filings
2023-12-01
NTEE code, primary
S30: Economic Development
Description
Assist small businesses to secure government financing for the purchase of land, buildings, and equipment which will create and/or retain jobs in Minnesota and in the Wisconsin counties of st. croix, pierce, pepin, buffalo, trempealeau, and la crosse. Assist small businesses with small business administration (sba) loans. Its primary sources of revenues result from loan processing and servicing fees. See form 990 part 1, line 1.
Also known as...
504 Corporation
Total revenues
$615,052
2023
Total expenses
$517,414
2023
Total assets
$1,451,435
2023
Num. employees
3
2023

Program areas at Southeastern Minnesota 504 Development

Assist small businesses to secure government financing for the purchase of land, buildings, and equipment which will create and/or retain jobs in Minnesota and in Wisconsin.

Personnel at Southeastern Minnesota 504 Development

NameTitleCompensation
Dwayne LeeDirector of Business$156,135
Aaron CastertonTreasurer$0
Luann VanderwerfBoard Member$0
Daniel VlasakVice President$0
Richard WegnerSecretary$0
...and 1 more key personnel

Financials for Southeastern Minnesota 504 Development

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$496,400
Investment income and dividends$118,652
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$615,052

Form 990s for Southeastern Minnesota 504 Development

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122020-08-11990View PDF
...and 10 more Form 990s

Organizations like Southeastern Minnesota 504 Development

OrganizationLocationRevenue
Commercial lenderSyracuse, NY$257,641
Community Loan Fund of the Capital RegionAlbany, NY$2,816,861
Wyandotte Economic Development CouncilKansas City, KS$1,047,748
Kosciusko DevelopmentWarsaw, IN$1,131,788
Leech Lake Financial ServicesCass Lake, MN$789,469
Pennsylvania Community Development and Finance CorporationReading, PA$312,915
Florida Development Finance CorporationWinter Springs, FL$2,893,381
Common CapitalSpringfield, MA$1,986,861
Sabre FinanceBirmingham, AL$1,669,572
Grow South Dakota / Northeast South Dakota Economic CorporationSisseton, SD$1,331,875
Data update history
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 1 new personnel
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 17, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Business and community development organizations
Issues
Human servicesCommunity improvementHousingEconomic development
Characteristics
State / local level
General information
Address
1926 College View Rd Se
Rochester, MN 55904
Metro area
Rochester, MN
County
Olmsted County, MN
Website URL
504corporation.com/ 
Phone
(507) 288-6442
IRS details
EIN
41-1678990
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1990
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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