Passes our checks

Timber Lake & Area Development Inc

EIN 36-3813692 · Timber Lake, SD

Public records show a registered, tax-exempt organization in good standing.

What it says it does

PROMOTE ECONOMIC DEVELOPMENT IN RURAL AREA.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Weak: 25 out of 100. Higher than 7% of charities in its peer group (community improvement, under $250k).

Reserves
0 of 35
Spendable reserves are negative: it owes or has committed more than it holds.
Debt
5 of 20
It owes 61% of what it owns.
Living within its means
0 of 15
Spending exceeded income by 20% of income.
Income trend
5 of 15
Income fell 20% on the year before.
Spending floor
15 of 15
100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 50 out of 100. Higher than 19% of charities in its peer group (community improvement, under $250k).

Independent board
25 of 25
7 of 7 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
0 of 10
Did not give the board a copy of this return before filing it.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)

$163,856 spent. OPENED A COMMUNITY DAYCARE FACILITY. THIS FACILITY IS OPEN TO ALL PERSONS AND PROVIDES MUCH NEEDED DAYCARE SERVICES IN THE AREA - CAPCITY 16 CHILDREN.
$60,299 spent. TO PROVIDE COMMUNITY LEADERSHIP THAT WILL ENCOURAGE AND WORK FOR ECONOMIC GROWTH IN BUSINESS, INDUSTRY AND TOURISM, THEREBY, ENHANCING THE QUALITY OF LIFE IN THE AREA WE SERVE.
$74,396 spent. PURCHASED AND RENOVATED APARTMENT BUILDINGS FOR MULTI-FAMILY HOUSING WITHIN THE COMMUNITY. THERE ARE EIGHTEEN UNITS IN THE BUILDINGS.
PURCHASED NEW HEATING SYSTEM FOR APARTMENT BUILDINGS. ALSO INSTALLED NEW LIGHTING IN THE HALLWAY AND EXTERIOR OF THE APARTMENTS AND INSTALLED NEW SOFFIT ON 1 APARTMENT BUILDING. NEW SHOWER WAS ALSO INSTALLED IN 1 APARTMENT.
PURCHASED NEW HEATING SYSTEM FOR APARTMENT BUILDINGS. ALSO INSTALLED NEW LIGHTING IN THE HALLWAY AND EXTERIOR OF THE APARTMENTS AND INSTALLED NEW SOFFIT ON 1 APARTMENT BUILDING. NEW SHOWER WAS ALSO INSTALLED IN 1 APARTMENT.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2005.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.