2025-08-04T13:48:16-04:00 2024-09-30 833184451 PERRIGO CPA LLC 1001 SHIELDS STREET LANSE MI 49946 990 2023-10-01 364616294 LAKE SUPERIOR COMMUNITY DEVELOPMENT CORPORATION LAKE 1 N FRONT STREET Lanse MI 49946 ROBERT CURTIS CHAIRMAN 9065245445 2025-02-02 false true RYAN PERRIGO CPA P02003622 9062010669 2025-08-04 X 2023 2025-03-06 01:10:19Z ROBERT CURTIS 719 MIGIZI MIIKANA Baraga MI 49908 906454 false X lakesuperiorcdc.com X 2008 MI 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. 6 6 3 0 0 942256 677698 257656 223010 3140 5746 0 1203052 906454 0 0 235101 178984 0 0 97610 402972 332711 581956 870341 324498 4645362 4378062 1732679 1293776 2912683 3084286 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. false false 334418 143369 348444 THE ORGANIZATION BROKERED 4 HOME LOANS and 3 HOME IMPROVEMENT LOANS. THE ORGANIZATION PROVIDES ASSET TRAINING AND TECHNICAL ASSISTANCE PROGRAMS TO BETTER EQUIP CLIENTS WITH LOW CREDIT OR NO CREDIT HISTORY ON THE NEEDS OF BUDGETING, BANKING, INSURANCE, AND HOME BUYING. 192574 192574 182121 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. 24567 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. 526992 true false false false false false false false true false true false false false false false false false false false false false false false false false false false false false false false false true false true true true false false false false false false false false false true 46 0 false 3 true false false false false false false false false false false false false false false false false false X 6 6 false false false false false false false true true false false true true false false false false true true false MI X EDWARD EDWARDS 9065245445 17403 VUK RD Lanse MI 49946 EDWARD EDWARDS EXECUTIVE DIRECTOR 40.00 0.00 X X 82384 0 0 SAM LOONSFOOT PROGRAMS COORDINATOR 30.00 0.00 X 38168 0 0 BRITTANY PERRIGO FINANCE COORDINATOR 35.00 0.00 X 26360 0 0 SARAH SMITH DIRECTOR 1.00 0.00 X 500 0 0 KEVIN PERRAULT DIRECTOR 1.00 0.00 X X 400 0 0 ROBERT CURTIS CHAIRMAN 1.00 0.00 X X 350 0 0 GRETCHEN EMERY DIRECTOR 1.00 0.00 X X 350 0 0 LILY MARCOTTE DIRECTOR 1.00 0.00 X 250 0 0 KEITH ROLOF DIRECTOR 1.00 0.00 X 250 0 0 149012 0 0 0 false false false 677698 677698 INTEREST ON LOANS 522299 216831 216831 LOAN ORIGINATION FEES 522299 4000 4000 LATE PAYMENT FEES 522299 2179 2179 223010 5746 5746 906454 228756 0 0 X 158946 142804 16142 8020 8020 12018 10783 1235 2200 2200 104 104 33267 33267 886 886 12065 7773 4292 2869 2700 169 6900 6900 7378 7320 58 36985 36985 5345 5345 FEES 16193 11958 4235 UTILITIES 2864 2864 NMLS DUES 1650 1650 BANK CHARGES 1190 1190 273076 270762 2314 581956 526992 54964 0 5388 632858 358378 31496 44725 129494 3942351 3769465 1069 900 42900 42900 32200 32200 4645362 4378062 33485 10561 56599 536098 94473 21665 25032 1084832 1163710 1732679 1293776 X 2912683 3084286 2912683 3084286 4645362 4378062 X 324498 -152895 X X true X true X false false X 209743 931290 438690 938256 677698 3195677 209743 931290 438690 938256 677698 3195677 3195677 216532 226368 239125 260796 229167 1171988 4367665 0.73170 0.68090 X false true X 42900 42900 42900 FHLB OF INDIANAPOLIS STOCK SHARES 31500 C SECURITY DEPOSIT 700 C 32200 Escrow account liability (Part IV, line 2b) AS PART OF THE ORGANIZATIONS BROKERING SERVICE, THE ORGANIZATION WILL RECEIVE AND REMIT ESCROW PAYMENTS FOR TAXES AND INSURANCE PAYMENTS FOR THE HOMEOWNERS. EDWARD EDWARDS EXECUTIVE DIRECTOR HOME MORTGAGE X 126100 121297 false true true EDWARD EDWARDS EXECUTIVE DIRECTOR CCC PROGRAM X 10000 8197 false true true 129494 RYAN PERRIGO HUSBAND TO FINANCE COORDINATOR 14097 PROVIDED ACCOUNTING OVERSIGHT AND TAX PREP false Governing body decisions Part VI line 7b MINUTES ARE KEPT OF THE BOARD OF DIRECTORS MEETINGS. Form 990 governing body review Part VI line 11 THE BOARD OF DIRECTORS ARE PROVIDED A COPY OF THE FEDERAL FORM 990 AND APPROVAL IS REQUIRED PRIOR TO SUBMITTAL. CEO executive director top management comp Part VI line 15a THE BOARD OF DIRECTORS ESTABLISH THE EXECUTIVE DIRECTORS AND KEY EMPLOYEE SALARIES WHEN HIRED. THE BOARD OF DIRECTORS APPROVE BUDGETS WITH ANNUAL RAISES INCLUDED. THE BOARD OF DIRECTORS MAY MODIFY SALARIES IF NECESSARY. Other officer or key employee compensation Part VI line 15b THE BOARD OF DIRECTORS ESTABLISH SALARIES FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES. THE BOARD OF DIRECTORS REVIEW BUDGETS ANNUALLY AND ESTABLISH SALARIES INCREASES IN THE BUDGETS. THE BOARD OF DIRECTORS MAY ADJUST SALARIES AS NECESSARY THROUGHOUT THE YEAR. Governing documents etc available to public Part VI line 19 FINANCIAL STATMENTS ARE MADE AVAILABLE AND PROVIDED TO THE PUBLIC UPON REQUEST. Audited by an independent accountant Part XII line 2b FINANCIALS ARE AUDITED ON AN ANNUAL BASIS BY AN INDEPEDENT ACCOUNTING FIRM. Explanation of other changes in net assets or fund balances Part XI line 9 $135423 CHANGE IN NET ASSETS WAS DUE TO CECL PROVISION FOR CREDIT LOSSES NOT RECOGNISED IN PRIOR YEAR. List of other expenses Part IX line 24e PART IX LINE 24e INCLUDES PROVISION