Program areas at Lake Superior Community Development Corp
The organization's low-interest revolving loan fund program originated 26 loans to community members and serviced 95 community members' loans. The loans enabled community members to repair their homes, to start or expand local small businesses, to build and repair their credit and to purchase homes.
The organization's financial and assets training and techinal assistance program has trained/assisted 800 community members and other organizations nationwide in the topic areas of budgeting, banking, credit, insurance, home buying, COVID-19 grants to businesses, home owning, business plans and techinal assistance with housing, accounting and tax services. 1 subgrant was made to a business and 9 subgrants to homeowners.
The organization brokered 2 home loans and originated 8 others.
Who funds Lake Superior Community Development Corp
Grants from foundations and other nonprofits
Personnel at Lake Superior Community Development Corp
| Name | Title | Compensation | Date of data |
|---|
| William Jondreau | Chairman | $0 | 2022-08-15 |
| Edward Edwards | Excutive Director | $75,658 | 2021-09-30 |
| Gretchen Emery | Director | $0 | 2021-09-30 |
| Viriginia A Jermac | Treasurer | $300 | 2018-09-30 |
| William Emery | Chairman | $500 | 2016-09-30 |
Financials for Lake Superior Community Development Corp
| Revenues | FYE 09/2022 | FYE 09/2021 | % Change |
|---|
| Total grants, contributions, etc. | $438,691 | $931,290 | -52.9% |
| Program services | $238,843 | $226,184 | 5.6% |
| Investment income and dividends | $281 | $184 | 52.7% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| 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 | $677,815 | $1,157,658 | -41.4% |
Organizations like Lake Superior Community Development Corp
| Organization | Type | Location | Revenue |
|---|
| United North East Community Development Corporation | 501(c)(3) | Indianapolis, IN | $235,158 |
| Development Corporation of Columbia Heights (DCCH) | 501(c)(3) | Washington, DC | $491,427 |
| Cabrillo Economic Development Corporation | 501(c)(3) | Ventura, CA | $2,552,869 |
| Marshall-Saline Development Corporation | 501(c)(3) | Marshall, MO | $352,662 |
| The Well Community Development Corporation | 501(c)(3) | Akron, OH | $2,628,368 |
| Houston Area Urban Community Development Corporation | 501(c)(3) | Houston, TX | $572,155 |
| Women's Development Corporation | 501(c)(3) | Providence, RI | $1,700,459 |
| Rio Grande Community Development | 501(c)(3) | Albuquerque, NM | $3,015,469 |
| Center City Neighborhood Development Corporation | 501(c)(3) | Niagara Falls, NY | $634,301 |
| Nogales Community Development Corp | 501(c)(3) | Nogales, AZ | $290,186 |
Data update history
May 6, 2023
Received grants
Identified 1 new grant, including a grant for $5,893 from Cba Fund May 6, 2023
Used new vendors
Identified 1 new vendor, including
December 8, 2021
Posted financials
Added Form 990 for fiscal year 2020
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Human servicesCommunity improvementHousingEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
- Address
- 1 N Front St
- Lanse, MI 49946
- County
- Baraga County, MI
- Website URL
- lakesuperiorcdc.com/Â
- Phone
- (906) 524-5445
IRS details
- EIN
- 36-4616294
- Fiscal year end
- September
- Taxreturn type
- Form 990
- Year formed
- 2008
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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