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.
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 |
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 |
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 |
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 |