Program areas at GROW South Dakota
New market tax credit program: Grow South Dakota owns and leases two school buildings to oglala lakota school district through the year.
Business revolving loan funds: in fy2024, Grow South Dakota made 23 business loans totaling 6,559,750 creating or retaining 75 jobs through the revolving loan fund. The organization provides technical assistance to all applicants.
Housing: Grow South Dakota owns a 60 unit hud property in milbank, South Dakota. The project is currently managed by mills property management and consists of 30 one-bedroom elderly units and 30 family two- and three- bedroom units in town house structures. The organization made 208 on- balance sheet housing loans totaling 3,628,213. The organization also assisted 81 home owners with housing rehab on existing property that totaled 984,804 in repairs.
Grow South Dakota assisted one non-profit organization by making available 10 vehicles and one piece of equipment to further that organization's work in low-income weatherization and housing rehabilitation. Grow South Dakota was also involved in some programs that will further their work in community engagement.
Grants made by GROW South Dakota
Who funds GROW South Dakota
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| Bush Foundation | 2023-12 | Neighborworks Dakota Coalition (NDC) Will Take on A Unique Moment in the Cdfi Recertification Process and Ensure That the Process Works Better for Native and Rural Community Development Financial Institutions (Cdfis). Additionally, They Will Influence Regional, State and National Affordable Housing Conversations With the Collective Voice of People From South Dakota, North Dakota and Native Nations. | $150,000 |
| South Dakota Community Action Partnership | 2018-09 | | $44,024 |
| Housing Assistance Council (HAC) | 2023-09 | Project Development | $30,000 |
| ...and 1 more grant received |
Personnel at GROW South Dakota
| Name | Title | Compensation | Date of data |
|---|
| Lori Finnesand | Chief Executive Officer | $4,070 | 2024-11-26 |
| Lori Moen | Chief Operating Officer | | 2024-10-02 |
| Katie Rasmus | Chief Financial Officer | | 2024-10-07 |
| Collin Fitz | Finance Director | | 2024-10-02 |
| Leann Glynn | Finance and Human Resources Director | | 2024-10-02 |
| ...and 8 more key personnel |
Financials for GROW South Dakota
| Revenues | FYE 06/2024 | FYE 06/2023 | % Change |
|---|
| Total grants, contributions, etc. | $8,429,154 | $1,966,588 | 328.6% |
| Program services | $1,476,799 | $1,118,755 | 32% |
| Investment income and dividends | $54,134 | $21,202 | 155.3% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $6,500 | $0 | 999% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $9,966,587 | $3,106,545 | 220.8% |
Organizations like GROW South Dakota
| Organization | Type | Location | Revenue |
|---|
| Interfaith Housing and Community Service Services | 501(c)(3) | Hutchinson, KS | $3,428,337 |
| Polk CDC | 501(c)(3) | Dallas, OR | $3,545,955 |
| Merced Housing Texas | 501(c)(3) | San Antonio, TX | $11,389,312 |
| Community Development Corporation of Utah | 501(c)(3) | Salt Lake City, UT | $14,493,892 |
| Neighborworks Umpqua | 501(c)(3) | Roseburg, OR | $9,343,662 |
| NeighborWorks Northeast Nebraska | 501(c)(3) | Norfolk, NE | $5,603,055 |
| CPLC New Mexico | 501(c)(3) | Phoenix, AZ | $6,197,215 |
| Monadnock Affordable Housing Corporation | 501(c)(3) | Keene, NH | $7,471,352 |
| Cambridge Community Housing | 501(c)(3) | Cambridge, MA | $4,683,290 |
| West Chicago Preservation | 501(c)(3) | Chicago, IL | $2,625,137 |
Data update history
February 19, 2025
Posted financials
Added Form 990 for fiscal year 2024
January 31, 2025
Updated personnel
Identified 1 new personnel
January 14, 2025
Received grants
Identified 1 new grant, including a grant for $150,000 from Bush Foundation October 3, 2024
Updated personnel
Identified 4 new personnel
Nonprofit Types
Housing and shelter organizationsChapter / child organizationsCharities
Issues
Human servicesCommunity improvementHousingEconomic development
Characteristics
Partially liquidatedState / local levelReceives government fundingEndowed supportManagement and technical assistanceGala fundraisersTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 104 Ash St East
- Sisseton, SD 57262
- County
- Roberts County, SD
- Website URL
- growsd.org/Â
- Phone
- (605) 698-7654
IRS details
- EIN
- 56-2667948
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 2007
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- L80: Housing Support Services
- NAICS code, primary
- 62422: Community Housing Services
- Parent/child status
- Subordinate organization
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