Overview
What is South Segment Community Development Corporation?
South Segment Community Development Corporation, also known as South Segment CDC, is a nonprofit organization located in Halliday, North Dakota at 8060 7th Street NW. Their primary mission is to facilitate, boost, and aid in the development and expansion of the South Shore Market, a convenience store, in Twin Buttes, North Dakota, which falls within the Three Affiliated Tribes Reservation. Additionally, they aim to promote and assist in the overall development and growth of Twin Buttes on the Three Affiliated Tribes Reservation in North Dakota, encompassing various aspects of the community. With a workforce of 64 employees, South Segment CDC plays a significant role in contributing to the socio-economic development of this region.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 52%, One-Star out of Four Star rating.
The South Segment Community Development Corporation has received a low rating of 52%, indicating significant concerns regarding its accountability and financial practices. The organization has a notably high percentage of liabilities relative to its assets and its program expense ratio is relatively positive, suggesting that a majority of its expenses go towards its programs. However, these strengths are overshadowed by a lack of independent board members and serious gaps in financial disclosures.
Critically, the organization has not provided the necessary financial statements and has failed to maintain transparency with missing documents such as the tax form on its website. Additionally, the absence of policies for whistleblower protection and document retention raises concerns about governance and ethical practices within the organization. Although there are some established policies, the overall lack of independent oversight and transparency greatly impacts its credibility.
In summary, while the South Segment Community Development Corporation does allocate a significant portion of its budget to programs, the organization’s governance and transparency issues are substantial. Donors and stakeholders may want to consider these factors carefully before engaging with or contributing to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is South Segment Community Development Corporation legitimate?
South Segment Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Segment Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,474,568
For more financial information, click here
What is the mission statement of South Segment Community Development Corporation?
The South Segment Community Development Corporation's mission is to facilitate, promote, and aid in the development and expansion of a specific area within a reservation in North Dakota. More specifically, their goal is to support the growth of the Twin Buttes region within the Three Affiliated Tribes Reservation. This organization actively works towards this objective by coordinating and assisting in various development projects. One of their initiatives involves helping develop and expand the South Shore Market, a convenience store located in Twin Buttes, North Dakota.
Who is the CEO of South Segment Community Development Corporation?
Marty Young Bear is the President of South Segment Community Development Corporation.
What is the revenue of South Segment Community Development Corporation?
South Segment Community Development Corporation's revenue in 2022 was $3,943,277.
Who are the executives of South Segment Community Development Corporation and what are their salaries?
The average compensation at South Segment Community Development Corporation during 2022 was $23,040. There are 64 employees at South Segment Community Development Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $66,557
- Other: $0
- Compensation: $0
- Related: $51,920
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for South Segment Community Development Corporation?
South Segment Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Segment Community Development Corporation
The South Segment Community Development Corporation, a nonprofit organization, is dedicated to facilitating, promoting, and aiding in the development and growth of the Twin Buttes area on the Three Affiliated Tribes Reservation in North Dakota. Its primary mission is to coordinate and support initiatives that contribute to the progress and expansion of this community. One of their key projects involves assisting in the development of the South Shore Market, a convenience store, in Twin Buttes, North Dakota.
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Impact
July, 2024
The South Segment Community Development Corporation has made a significant impact in the Twin Buttes area of the Three Affiliated Tribes Reservation in North Dakota. Through its efforts to coordinate, promote, and assist in the development and growth of this community, the organization has played a crucial role in enhancing the quality of life for residents. One notable achievement is the establishment and support of the South Shore Market, a convenience store that provides essential services to the local population. By focusing on community improvement, the South Segment Community Development Corporation has demonstrated a commitment to fostering economic development and building a stronger, more vibrant community in Twin Buttes.
This information is meant to be a general summary of South Segment Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,438
- Program Service Revenue: $3,299,629
- Gross Receipts: $7,625,018
Assets and Liabilities:
- Total Assets: $18,015,242
- Total Liabilities: $3,640,070
- Net Assets: $14,375,172
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$3,299,629
Organization Details
Founding Year
2014
Phone
(701) 653-5959Principal Officer
Marty Young Bear
Main Address
8060 7TH ST NW, HALLIDAY, ND, 58636
NTEE Category
Code: S30 - Community improvement
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