FIRST DISTRICT DEVELOPMENT COMPANY

Address
124 1ST AVE NW
WATERTOWN, SD 572016207
Contact
Website: http://www.1stdistrict.org
Phone: +1 (605) 882-5115
Nonprofit
NTEE: S43 - Management Services for Small Business, Entrepreneurs
EIN: 46-0374958

Mission

PROVIDE ASSISTANCE AND CONSULTATION TO LOAN APPLICANTS
 20172016201520142013
Basic features of the organization
Year of formation1982
Subsection code03
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Number of employees00000
Personnel
Banks, Kimberly
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personKIMBERLY BANKSKIMBERLY BANKSKIMBERLY BANKSKIMBERLY BANKS 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Bohlen, Bobbie
TitleV PRESIDENTDIRECTORDIRECTOR  
Name of key/compensated personBOBBIE BOHLENBOBBIE BOHLENBOBBIE BOHLEN  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Fritz, Roger
Title    DIRECTOR
Name of key/compensated person    ROGER FRITZ
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Haak, John
Title   DIRECTORDIRECTOR
Name of key/compensated person   JOHN D HAAKJOHN D HAAK
Position of compensated person
Current individual trustee or director   TrueTrue
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Hanson, Ben
TitlePRESIDENTPRESIDENTV PRESIDENTV PRESIDENTV PRESIDENT
Name of key/compensated personBEN HANSONBEN HANSONBEN HANSONBEN HANSONBEN HANSON
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Hanson, Jim
Title DIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated person JIM HANSONJIM HANSONJIM HANSONJIM HANSON
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Heuton, Al
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personAL HEUTONAL HEUTONAL HEUTON  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Hulscher, Paula
TitleEXECUTIVE VPEXECUTIVE VPEXECUTIVE VPEXECUTIVE VPEXECUTIVE VP
Name of key/compensated personPAULA HULSCHERPAULA HULSCHERPAULA HULSCHERPAULA HULSCHERPAULA HULSCHER
Position of compensated person
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Kakacek, Michelle
TitleDIRECTOR    
Name of key/compensated personMICHELLE KAKACEK    
Position of compensated person
Current individual trustee or directorTrue    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Knuths, Jon
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personJON KNUTHSJON KNUTHSJON KNUTHSJON KNUTHSJON KNUTHS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Luvaas, Clara
TitleDIRECTORDIRECTOR   
Name of key/compensated personCLARA LUVAASCLARA LUVAAS   
Position of compensated person
Current individual trustee or directorTrueTrue   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
McClung, Mark
Title DIRECTORDIRECTOR  
Name of key/compensated person MARK MCCLUNGMARK MCCLUNG  
Position of compensated person
Current individual trustee or director TrueTrue  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Moore, Paul
TitleDIRECTOR    
Name of key/compensated personPAUL MOORE    
Position of compensated person
Current individual trustee or directorTrue    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Neuberger, Val
Title V PRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated person VAL NEUBERGERVAL NEUBERGERVAL NEUBERGERVAL NEUBERGER
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Popham, Earl
TitleTREASURERTREASURERTREASURERTREASURERTREASURER
Name of key/compensated personEARL POPHAMEARL POPHAMEARL POPHAMEARL POPHAMEARL POPHAM
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Rippentrop, Pam
Title   DIRECTORDIRECTOR
Name of key/compensated person   PAM RIPPENTROPPAM RIPPENTROP
Position of compensated person
Current individual trustee or director   TrueTrue
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Walter, Tim
TitleSECRETARYSECRETARYSECRETARYSECRETARYSECRETARY
Name of key/compensated personTIM WALTERTIM WALTERTIM WALTERTIM WALTERTIM WALTER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Warren, Keith
Title    DIRECTOR
Name of key/compensated person    KEITH WARREN
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPROVIDE ASSISTANCE AND CONSULTATION TO LOAN APPLICANTSPROVIDE ASSISTANCE AND CONSULTATION TO LOAN APPLICANTSPROVIDE ASSISTANCE AND CONSULTATION TO LOAN APPLICANTSPROVIDE ASSISTANCE AND CONSULTATION TO LOAN APPLICANTSPROVIDE ASSISTANCE AND CONSULTATION TO LOAN APPLICANTS
Program service expenses, total$299,812.00$272,405.00$358,799.00$357,819.00$312,858.00
Programs, including revenue & expenses
INTERMEDIARY RELENDING PROGRAM - ESTABLISHES REVOLVING LOAN FUNDS TO LEND MONEY TO BUSINESSES TO ASSIST IN JOB CREATION WITHIN THE REGION.
Program expenses    $28,392.00
Program revenue    $47,158.00
Program description    INTERMEDIARY RELENDING PROGRAM - ESTABLISHES REVOLVING LOAN FUNDS TO LEND MONEY TO BUSINESSES TO ASSIST IN JOB CREATION WITHIN THE REGION.
REVOLVING LOAN FUND PROGRAM - ESTABLISHES REVOLVING LOAN FUNDS TO LEND MONEY TO BUSINESSES TO ASSIST IN JOB CREATION WITHIN THE REGION.
Program expenses    $21,831.00
Program revenue    $34,542.00
Program description    REVOLVING LOAN FUND PROGRAM - ESTABLISHES REVOLVING LOAN FUNDS TO LEND MONEY TO BUSINESSES TO ASSIST IN JOB CREATION WITHIN THE REGION.
SMALL BUSINESS ADMINISTRATION 503/504 PROGRAM - PROVIDES BUSINESSES WITH ASSISTANCE AND CONSULTATION IN THE PREPARATION OF DOCUMENTS NECESSARY TO OBTAIN SBA LOANS.
Program expenses$281,718.00$284,580.00$270,389.00$275,667.00$262,635.00
Program revenue$308,521.00$328,399.00$414,816.00$349,335.00$445,848.00
Program descriptionSMALL BUSINESS ADMINISTRATION 503/504 PROGRAM - PROVIDES BUSINESSES WITH ASSISTANCE AND CONSULTATION IN THE PREPARATION OF DOCUMENTS NECESSARY TO OBTAIN SBA LOANS.SMALL BUSINESS ADMINISTRATION 503/504 PROGRAM - PROVIDES BUSINESSES WITH ASSISTANCE AND CONSULTATION IN THE PREPARATION OF DOCUMENTS NECESSARY TO OBTAIN SBA LOANS.SMALL BUSINESS ADMINISTRATION 503/504 PROGRAM - PROVIDES BUSINESSES WITH ASSISTANCE AND CONSULTATION IN THE PREPARATION OF DOCUMENTS NECESSARY TO OBTAIN SBA LOANS.SMALL BUSINESS ADMINISTRATION 503/504 PROGRAM - PROVIDES BUSINESSES WITH ASSISTANCE AND CONSULTATION IN THE PREPARATION OF DOCUMENTS NECESSARY TO OBTAIN SBA LOANS.SMALL BUSINESS ADMINISTRATION 503/504 PROGRAM - PROVIDES BUSINESSES WITH ASSISTANCE AND CONSULTATION IN THE PREPARATION OF DOCUMENTS NECESSARY TO OBTAIN SBA LOANS.
Financial data
Revenue
Total revenue$367,167.00$402,223.00$501,535.00$443,759.00$550,386.00
Revenue from contributions (total)  $0.00$0.00 
Investment income, current yr$19,709.00$18,934.00$22,534.00$23,905.00$22,838.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$347,458.00$383,289.00$479,001.00$419,854.00$527,548.00
Gross receipts$367,167.00$402,223.00$501,535.00$443,759.00$550,386.00
Other types of revenue
Income from dividends, interest, and similar investments$19,709.00$18,934.00$22,534.00$23,905.00$22,838.00
Net rental income  $0.00$0.00 
Expense categories (totals)
Total functional expenses: sum of all$299,812.00$272,405.00$358,799.00$357,819.00$312,858.00
Total functional expenses: program service $299,812.00$272,405.00$358,799.00$357,819.00$312,858.00
Total functional expenses: management and general$0.00$0.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$3,253,924.00$3,373,866.00$3,415,617.00$3,482,838.00$3,640,548.00
Total assets, beginning of year$3,373,866.00$3,415,617.00$3,482,838.00$3,640,548.00$3,627,306.00
Total liabilities$816,264.00$1,003,561.00$1,175,130.00$1,385,087.00$1,628,737.00
Total liabilities, beginning of year$1,003,561.00$1,175,130.00$1,385,087.00$1,628,737.00$1,853,023.00
Unrestricted net assets, end of yr$1,494,066.00$1,451,277.00$1,392,443.00$1,231,387.00$1,140,725.00
Temporarily restricted net assets$943,594.00$919,028.00$848,044.00$866,364.00$871,086.00
Net assets$2,437,660.00$2,370,305.00$2,240,487.00$2,097,751.00$2,011,811.00
Net assets, beginning of year$2,370,305.00$2,240,487.00$2,097,751.00$2,011,811.00$1,774,283.00
Other liabilities $344.00   
Other assets$6,085.00$6,849.00$5,994.00$6,509.00$6,458.00
Other financial variables
Revenue less expenses$67,355.00$129,818.00$142,736.00$85,940.00$237,528.00
Advertising (total)$3,766.00$1,543.00$8,601.00$7,338.00$2,395.00
Savings & temp cash investment$2,704,866.00$2,632,836.00$2,312,084.00$2,202,654.00$2,333,794.00
Accounts receivable, net$19,580.00$20,356.00$21,016.00$18,490.00$19,771.00
Accounts payable & accrued expenses$41,392.00$45,476.00$35,184.00$52,301.00$61,537.00
Secured mortgages and notes payable$774,872.00$957,741.00$1,139,946.00$1,332,786.00$1,567,200.00
Total net assets or fund balances$2,437,660.00$2,370,305.00$2,240,487.00$2,097,751.00$2,011,811.00
Depreciation, depletion, amortization$2,181.00$2,299.00$2,321.00$2,783.00$2,317.00
Governance and accountability
Number of voting members111110910
Number of independent voting members111110910
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-10-012015-10-012014-10-012013-10-012012-10-01
Tax year end date2017-09-012016-09-012015-09-012014-09-012013-09-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-03-022017-04-182016-03-242014-12-292014-03-13
IRS schema version2016v3.02015v2.12014v6.02013v3.12012v2.3
Filing identifier201810149349300001201613489349301361201600209349300205201443539349300509201430139349302163
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