NonprofitsLake Superior Community Development Corp

Human Services

Lake Superior Community Development Corp

LANSE, MI

Total revenue

$906K

Total expenses

$582K

Net assets

$3.1M

Grants received

$1.2M

8 grants

EIN

364616294

Tax year

2023

Mission

Community development activities improving the social and economic conditions of economically disadvantaged persons and residents of distressed communities. Activities include the provision of financial products, development services, and/or financial programs.

Programs

2 programs

The organizations partnership with the federal home loan bank of indianapolis allowed for the pass-through of 15 neighborhood impact program grants to low-income recipients. These grants assisted with home maintenance and repair financing essential in low income communities prone to weather damage.

Expenses: $193KGrants: $193K

The organization issued 13 credit builder loans, 4 small business loans ,and provided 1 small business pass-through grant. The organization assists clients through technical assistance programs with emphasis in budgeting and credit.

Financials

FY 2023

Revenue

Contributions & grants$678K
Program service revenue$223K
Investment income$6K
Other revenue
Total revenue$906K

Expenses

Grants paid
Salaries & benefits$179K
Fundraising
Other expenses$403K
Total expenses$582K
Total assets$4.4M
Net assets$3.1M

People

9 listed

NameRoleCompensation

SARAH SMITH

DIRECTOR

Board

$500

1 hrs/wk

KEVIN PERRAULT

DIRECTOR

Board

$400

1 hrs/wk

ROBERT CURTIS

CHAIRMAN

Board

$350

1 hrs/wk

GRETCHEN EMERY

DIRECTOR

Board

$350

1 hrs/wk

LILY MARCOTTE

DIRECTOR

Board

$250

1 hrs/wk

KEITH ROLOF

DIRECTOR

Board

$250

1 hrs/wk

EDWARD EDWARDS

EXECUTIVE DIRECTOR

Staff

$82K

40 hrs/wk

SAM LOONSFOOT

PROGRAMS COORDINATOR

Staff

$38K

30 hrs/wk

BRITTANY PERRIGO

FINANCE COORDINATOR

Staff

$26K

35 hrs/wk

Grants received

Showing 8 of 8

FromAmountPurposeYear
$1M
COMMUNITY & HUMAN SERVICES
2024
$6K
SMALL DOLLAR LENDING
2022
$6K
PROJECT DEVELOPMENT
2021
$6K
SMALL DOLLAR LENDING
2021
$100K
COVID-19 GRANT
2020
$24K
PROJECT DEVELOPMENT
2020
$9K
PPE HUD Subgrant
2020
$7K
General Support
2020

Funded by

$1.2M from 6 funders · 8 grants · 2020–2024

Opportunity Finance Network

$100K · 1 grant · 2020

Housing Assistance Council

$30K · 2 grants · 2020–2021

Cba Fund

$12K · 2 grants · 2021–2022

Oweesta Corporation

$9K · 1 grant · 2020

Paypal Charitable Giving Fund

$7K · 1 grant · 2020

Details

EIN364616294
NTEE codeP50
Subsection03
Ruling date2008-11
Formed2008
Employees3
LAKE SUPERIOR COMMUNITY DEVELOPMENT CORP — Mission, Financials & Grants Received | Grantivo