EIN 36-4616294

Lake Superior Community Development Corp

IRS 501(c) type
501(c)(3)
Num. employees
5
City
Lanse
Year formed
2008
Most recent tax filings
2022-09-01
Description
Community development activities improving the social and economic conditions of economically disadvantaged persons and residents of distressed communities. Activities include the provision financial products, development services, and/or financing programs. The organization's primary mission shall be engaging in community development activities. The organization's primary mission is engaging in Community development activities.
Also known as...
Keweenaw Bay Ojibwa Housing and Community Development Corporation
Total revenues
$677,815
2022
Total expenses
$301,653
2022
Total assets
$3,297,163
2022
Num. employees
5
2022

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
GrantmakerDescriptionAmount
Housing Assistance Council (HAC)Project Development$24,000
Oweesta CorporationPpe Hud Subgrant$9,000
Cba FundSmall Dollar Lending$5,893

Personnel at Lake Superior Community Development Corp

NameTitleCompensation
William JondreauChairman$0
Edward EdwardsExcutive Director$75,658
Gretchen EmeryDirector$0
Viriginia A JermacTreasurer$300
William EmeryChairman$500

Financials for Lake Superior Community Development Corp

RevenuesFYE 09/2022
Total grants, contributions, etc.$438,691
Program services$238,843
Investment income and dividends$281
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$677,815

Form 990s for Lake Superior Community Development Corp

Fiscal year endingDate received by IRSFormPDF link
2021-092022-08-15990View PDF
2020-092021-04-12990View PDF
2019-092020-09-04990View PDF
2018-092019-06-19990View PDF
2017-092018-03-14990View PDF
...and 8 more Form 990s
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
August 3, 2022
Received grants
Identified 2 new grant, including a grant for $100,000 from Opportunity Finance Network (OFN)
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/ 
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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