Mazaska Owecaso Otipi Financial Inc
- Assets
- $8.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Pine Ridge, SD
- Founding
- 02/2006
- Data as of
- 12/2020
- EIN
- 76-0761743
Organization Overview
Mazaska Owecaso Otipi Financial Inc is located in Pine Ridge, SD. The organization was established in 2006. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2020, Mazaska Owecaso Otipi Financial Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mazaska Owecaso Otipi Financial Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Mazaska Owecaso Otipi Financial Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $591.2k during the year ending 12/2020. While expenses have increased by 8.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
CREATES HOMEOWNERSHIP OPPORTUNITIES FOR THE MEMBERS OF THE OGLALA SIOUX TRIBE LIVING ON, OR IN THE COMMUNITIES ADJACENT TO, THE PINE RIDGE RESERVATION. MAZASKA IS A NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION THAT PROVIDES HOUSING LOANS AND ASSISTANCE TO OUR CLIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONPROFIT HOUSING LOAN FUND PROVIDING HOUSING AND CREDIT BUILDER LOANS ON THE PINE RIDGE INDIAN RESERVATION IN SOUTHWESTERN SOUTH DAKOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Steele Executive Director | 40 | $83,964 | |
Tanya Fiddler Chairman | Officer | 1 | $2,750 |
Tawney Brunsch Treasurer | Officer | 1 | $300 |
Irv Provost Secretary | Officer | 1 | $300 |
Kadem Fisher Vice Chairman | Officer | 1 | $225 |
Karen Pourier Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,224,674 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,474,674 |
| Total Program Service Revenue | $0 |
| Investment income | $259,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,745,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,539 |
| Compensation of current officers, directors, key employees. | $4,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,513 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $106,979 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $44,668 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,335 |
| Travel | $5,868 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,829 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,189 |
| Insurance | $2,231 |
| All other expenses | -$23,223 |
| Total functional expenses | $591,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,503,885 |
| Savings and temporary cash investments | $2,330,568 |
| Pledges and grants receivable | $50,487 |
| Accounts receivable, net | $30,560 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,627,042 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,381 |
| Net Land, buildings, and equipment | $55,867 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,001 |
| Total assets | $8,605,791 |
| Accounts payable and accrued expenses | $186,095 |
| Grants payable | $0 |
| Deferred revenue | $1,112,916 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,306,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,605,611 |
| Net assets without donor restrictions | $5,923,727 |
| Net assets with donor restrictions | $76,453 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,605,791 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Mazaska Owecaso Otipi Financial Inc has recieved totaling $236,167.
| Awarding Organization | Amount |
|---|---|
Northwest Area Foundation St Paul, MN PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
First Nations Oweesta Corporation Longmont, CO PURPOSE: TECH SUBGRANT | $78,467 |
Homeownership Education Resource Organization Pierre, SD PURPOSE: HOMEOWNER EDUCATION | $17,700 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walker Assisted Living Corp I Minnetonka, MN | $6,334,685 | $6,359,190 |
Energy Share Of Montana Inc Helena, MT | $11,833,025 | $2,862,761 |
Mazaska Owecaso Otipi Financial Inc Pine Ridge, SD | $8,605,791 | $1,745,280 |
East Central Iowa Housing Trust Fund Cedar Rapids, IA | $351,251 | $389,643 |
Steele County Transitional Housing Inc Owatonna, MN | $278,166 | $480,776 |
Webster Supportive Housing Inc St Paul, MN | $1,386,360 | $233,041 |
Chariton Valley Regional Housing Trust Fund Inc Centerville, IA | $1,328,374 | $578,135 |
East Edina Housing Foundation Edina, MN | $11,914,819 | $223,517 |
Asi Chandler Inc St Paul, MN | $1,055,723 | $168,051 |
Neighborhood Housing Services Of Davenport Inc Davenport, IA | $2,226,837 | $153,768 |
Rapid City Supportive Housing Inc St Paul, MN | $830,351 | $122,721 |
Northwood Community Inc Ronan, MT | $1,179,554 | $141,974 |