Civic Intelligence

Spencer Development Corporation

EIN 23-7139531 • 501(c)4 • Spencer, SD

Profile

Low income housing for elderly and other citizens

PO Box 67Spencer, SD 57374

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.07x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

51st percentile

1.7%

Higher net margin than 51% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$11,340

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2024

Asset Growth

55th percentile

0.3%

Faster asset growth than 55% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

60th percentile

4.2%

Faster revenue growth than 60% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$245,467

Up $621 (+0.3%) from 2023

Liabilities

Down

$5,317

Down $624 (-11%) from 2023

Net Assets

Up

$240,150

Up $1,245 (+0.5%) from 2023

Operations
Liabilities / Revenue77th percentileNet Margin51st percentile

Revenue

Up

$71,225

Up $2,860 (+4.2%) from 2023

Expenses

Up

$69,980

Up $2,486 (+3.7%) from 2023

Net Income

Up

$1,245

Up $374 (+43%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth55th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2021: $254,829Liabilities 2021: $8,866Net Assets 2021: $245,9632021Assets 2022: $244,743Liabilities 2022: $6,699Net Assets 2022: $238,0442022Assets 2023: $244,846Liabilities 2023: $5,941Net Assets 2023: $238,9052023Assets 2024: $245,467Liabilities 2024: $5,317Net Assets 2024: $240,1502024

Highlighted filing

2024

Assets$245,467
Liabilities$5,317
Net Assets$240,150
Open 2024 Filing

Operations Trend

Revenue Growth60th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2021: $58,924Expenses 2021: $72,095Net Income 2021: -$13,1712021Revenue 2022: $63,954Expenses 2022: $71,875Net Income 2022: -$7,9212022Revenue 2023: $68,365Expenses 2023: $67,494Net Income 2023: $8712023Revenue 2024: $71,225Expenses 2024: $69,980Net Income 2024: $1,2452024

Highlighted filing

2024

Revenue$71,225
Expenses$69,980
Net Income$1,245
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$245,467
Liabilities
$5,317
Net assets
$240,150
Revenue
$71,225
Expenses
$69,980
Net income
$1,245
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.45$0.05$2.40$0.71$0.70$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.45$0.06$2.39$0.68$0.67$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.45$0.07$2.38$0.64$0.72$0.08
2021Detailed filing. Detailed filing data is available for this year.$2.55$0.09$2.46$0.59$0.72$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 4, 2025
Return Version
2024v5.1
Gross Receipts
$71,225
Mission and Program Overview

Mission

Low income housing for elderly and other citizens

Low income housing for elderly and other

Program Services

DescriptionGrantsExpenses
PROVIDED LOW INCOME RENTAL HOUSING IN THE SPENCER COMMUNITY FOR THE ELDERLY AND OTHER LOW INCOME CITIZENS. THE PROJECT SERVED APPROXIMATLEY 18 CITIZENS WITH AFFORDABLE HOUSING-$52,712
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DONNA RUDENBusiness Manager-$11,340-$11,340
DARRELL KIRBYPresident-$0--
SHARON REIFVice-President-$0--
CHARLES FEINERDirector-$0--
DENNIS BENNETTDirector-$0--
JOHN RUDENDirector-$0--
RONALD REIFDirector-$0--
Filing and Contact Details

Filer

Filer Name
Spencer Development Corporation
EIN
23-7139531
In Care Of
% DONNA RUDEN
Phone
6052462335
Address
PO BOX 67, Spencer, SD 57374

Signing Officer

Name
Donna Ruden
Title
Business Manager
Phone
6052462335
Signed
2025-04-04
Discuss with paid preparer
Yes

Preparer

Firm
Midwest Tax Solutions Inc
Address
PO Box 338, Mount Olive, NC 28365
Preparer
Ashley Dement
Phone
6052546554
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description AmountGROSS RENT 64,242WASHER/DRYER 1,534SECURITY DEPOSITS 1,820OTHER INCOME 933”

Description of other expenses Part I line 16

“Description AmountINSURANCE 8,882SECURITY DEPOSITS REFUND 114REAL ESTATE TAXES 12,822SPECIAL TAXES 133”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearSECURITY DEPOSITS 5,485 5,067RURAL DEVELOPMENT NOTE 456 250”

Raw XML Appendix137 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0DONNA RUDEN
IRS990EZ/BooksInCareOfDetail/PhoneNum06052462335
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 67
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Spencer
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd057374
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0112289
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0130366
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt01245
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0425
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0244846
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0245467
IRS990EZ/GrossReceiptsAmt071225
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt02696
IRS990EZ/LandAndBuildingsGrp/BOYAmt0132557
IRS990EZ/LandAndBuildingsGrp/EOYAmt0115101
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0238905
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0240150
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0238905
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0240150
IRS990EZ/OccupancyRentUtltsAndMaintAmt018648
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt011340
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DONNA RUDEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DARRELL KIRBY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SHARON REIF
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CHARLES FEINER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DENNIS BENNETT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JOHN RUDEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6RONALD REIF
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BUSINESS MANAGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE-PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt021951
IRS990EZ/OtherRevenueTotalAmt068529
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0LOW INCOME HOUSING FOR ELDERLY AND OTHER
IRS990EZ/PrintingPublicationsPostageAmt017616
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDED LOW INCOME RENTAL HOUSING IN THE SPENCER COMMUNITY FOR THE ELDERLY AND OTHER LOW INCOME CITIZENS. THE PROJECT SERVED APPROXIMATLEY 18 CITIZENS WITH AFFORDABLE HOUSING
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt052712
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt011340
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt05941
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt05317
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt069980
IRS990EZ/TotalProgramServiceExpensesAmt052712
IRS990EZ/TotalRevenueAmt071225
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountGROSS RENT 64,242WASHER/DRYER 1,534SECURITY DEPOSITS 1,820OTHER INCOME 933
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountINSURANCE 8,882SECURITY DEPOSITS REFUND 114REAL ESTATE TAXES 12,822SPECIAL TAXES 133
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearSECURITY DEPOSITS 5,485 5,067RURAL DEVELOPMENT NOTE 456 250
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DONNA RUDEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BUSINESS MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum06052462335
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPENCER DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SPEN
ReturnHeader/Filer/EIN0237139531
ReturnHeader/Filer/InCareOfNm0% DONNA RUDEN
ReturnHeader/Filer/PhoneNum06052462335
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 67
ReturnHeader/Filer/USAddress/CityNm0Spencer
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057374
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450832621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Midwest Tax Solutions Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 338
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mount Olive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028365
ReturnHeader/PreparerPersonGrp/PhoneNum06052546554
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ASHLEY DEMENT
ReturnHeader/ReturnTs02025-04-30T17:52:42-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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