LAKE SUPERIOR COMMUNITY DEVELOPMENT CORP

As filed

Subsection

03

NTEE code

P50

Classification

1200

Street

1 N FRONT ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• THE ORGANIZATION PROVIDES LENDING, GRANT, AND TECHNICAL ASSISTANCE PROGRAMS DESIGNED TO EXPAND ACCESS TO AFFORDABLE HOUSING, HOME REPAIR FINANCING, CREDIT-BUILDING OPPORTUNITIES, AND SMALL BUSINESS SUPPORT FOR LOW-INCOME INDIVIDUALS AND COMMUNITIES. DURING THE FISCAL YEAR, THE ORGANIZATION BROKERED 12 HOME LOANS AND 3 HOME IMPROVEMENT LOANS, CLOSED 4 ADDITIONAL HOME LOANS THROUGH THE USDA NCDFI RELENDING DEMONSTRATION PROGRAM, ISSUED 10 CREDIT BUILDER LOANS, AND ISSUED 4 SMALL BUSINESS LOANS. THE ORGANIZATION ALSO PROVIDED ASSET TRAINING AND TECHNICAL ASSISTANCE TO HELP CLIENTS WITH LOW OR NO CREDIT HISTORY BETTER UNDERSTAND BUDGETING, BANKING, INSURANCE, CREDIT, AND THE HOME-BUYING PROCESS. THROUGH ITS PARTNERSHIP WITH THE FEDERAL HOME LOAN BANK OF INDIANAPOLIS, THE ORGANIZATION PASSED THROUGH TWO NEIGHBORHOOD IMPACT PROGRAM GRANTS TO LOW-INCOME RECIPIENTS FOR HOME MAINTENANCE AND REPAIR NEEDS IN COMMUNITIES VULNERABLE TO WEATHER-RELATED DAMAGE, AND ONE RECIPIENT RECEIVED FIRST-TIME HOMEBUYER ASSISTANCE THROUGH THE HOMEBOOST PROGRAM FOR FIRST-GENERATION HOMEBUYERS. THESE PROGRAMS COLLECTIVELY SUPPORTED THE ORGANIZATION'S MISSION OF IMPROVING FINANCIAL STABILITY, INCREASING ACCESS TO HOMEOWNERSHIP, AND STRENGTHENING LOW-INCOME COMMUNITIES.

  Expenses $442,341 · Grants $37,512 · Revenue $281,201

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $2,487,558

  Expenses

  $738,165

  Contributions

  $2,176,878

  Grants paid

  $37,512

• 2023

  Revenue

  $906,454

  Expenses

  $581,956

  Contributions

  $677,698

  Grants paid

  $0

• 2022

  Revenue

  $1,203,052

  Expenses

  $332,711

  Contributions

  $942,256

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $677,815

  Expenses

  $301,653

  Assets (EOY)

  $3,297,163

• 2020 · 990

  Revenue

  $1,157,658

  Expenses

  $512,624

  Assets (EOY)

  $2,505,790

• 2019 · 990

  Revenue

  $342,139

  Expenses

  $317,062

  Assets (EOY)

  $1,787,772

• 2018 · 990

  Revenue

  $313,441

  Expenses

  $344,452

  Assets (EOY)

  $1,490,834

• 2017 · 990

  Revenue

  $346,055

  Expenses

  $823,840

  Assets (EOY)

  $1,462,626

• 2016 · 990

  Revenue

  $858,759

  Expenses

  $318,787

  Assets (EOY)

  $1,902,353

• 2015 · 990

  Revenue

  $82,059

  Expenses

  $187,199

  Assets (EOY)

  $1,135,760

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC

  $1,000,000

  2024 · COMMUNITY & HUMAN SERVICES

• CBA FUND

  $5,893

  2022 · SMALL DOLLAR LENDING

Other IRS files