Civic Intelligence

Chamberlain Affordable Housing Inc.

990 • Fiscal year 2020 • EIN 26-0076074

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 29, 2021

PO Box 66Chamberlain, SD 57325

(605) 234-4400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.39x

Higher debt load relative to assets than 80% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

0.76x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

36th percentile

-0.8%

Higher net margin than 36% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

21st percentile

-3.9%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

60th percentile

4.8%

Faster revenue growth than 60% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$549,009

Down $6,004 (-1.1%) from 2018

Net Assets

Up

$332,634

Up $38,097 (+13%) from 2018

Liabilities

Down

$216,375

Down $44,101 (-17%) from 2018

Revenue

Up

$283,297

Up $67,238 (+31%) from 2018

Expenses

Up

$285,593

Up $47,064 (+20%) from 2018

Net Income

Up

-$2,296

Up $20,174 (+90%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $758,501Liabilities 2010: $445,889Net Assets 2010: $312,6122010Assets 2011: $760,213Liabilities 2011: $419,159Net Assets 2011: $341,0542011Assets 2012: $779,002Liabilities 2012: $397,989Net Assets 2012: $381,0132012Assets 2014: $743,620Liabilities 2014: $352,110Net Assets 2014: $391,5102014Assets 2015: $657,347Liabilities 2015: $329,722Net Assets 2015: $327,6252015Assets 2016: $629,074Liabilities 2016: $309,248Net Assets 2016: $319,8262016Assets 2017: $595,734Liabilities 2017: $278,727Net Assets 2017: $317,0072017Assets 2018: $555,013Liabilities 2018: $260,476Net Assets 2018: $294,5372018Assets 2020: $549,009Liabilities 2020: $216,375Net Assets 2020: $332,6342020Assets 2022: $573,388Liabilities 2022: $172,197Net Assets 2022: $401,1912022

Highlighted filing

2020

Assets$549,009
Liabilities$216,375
Net Assets$332,634

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2010: $218,5072010Expenses 2011: $210,9452011Expenses 2012: $202,2032012Revenue 2014: $258,692Expenses 2014: $274,713Net Income 2014: -$16,0212014Revenue 2015: $181,415Expenses 2015: $245,300Net Income 2015: -$63,8852015Revenue 2016: $232,100Expenses 2016: $239,899Net Income 2016: -$7,7992016Revenue 2017: $248,420Expenses 2017: $251,239Net Income 2017: -$2,8192017Revenue 2018: $216,059Expenses 2018: $238,529Net Income 2018: -$22,4702018Revenue 2020: $283,297Expenses 2020: $285,593Net Income 2020: -$2,2962020Revenue 2022: $289,424Expenses 2022: $264,653Net Income 2022: $24,7712022

Highlighted filing

2020

Revenue$283,297
Expenses$285,593
Net Income-$2,296
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 29, 2021
Return Version
2020v4.0
Gross Receipts
$283,297
Mission and Program Overview

Mission

Low and moderate income housing in chamberlain, south dakota

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$490,673$500,807▲ $10,134
Accounts Receivable$9,980$11,474▲ $1,494
Cash and Non-Interest-Bearing Accounts$27,556$5,236▼ $22,320
Prepaid Expenses and Deferred Charges$1,719$1,995▲ $276
Total Assets$571,140$549,009▼ $22,131
Other Assets Total$41,212$29,497▼ $11,715
Liabilities
Mortgage Notes Payable Secured by Investment Property$205,950$182,850▼ $23,100
Accounts Payable and Accrued Expenses$27,947$29,052▲ $1,105
Escrow Account Liability$4,258$4,473▲ $215
Total Liabilities$238,155$216,375▼ $21,780
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$332,985$332,634▼ $351
Total Net Assets Fund Balance$332,985$332,634▼ $351
Total Liabilities and Net Assets / Fund Balance$571,140$549,009▼ $22,131

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$474,085$609,267$1,083,352
Land$21,258-$21,258
Buildings$5,464$593$6,057
Other Assets Org$4,951--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jason StoneChairperson
Sharon CaseyVice Chairpe
Phil CarlsonSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$283,037
Investment Income
$260
Other Revenue
$0
Change in Net Assets
$-2,296

Audited Revenue Reconciliation

Revenue per Audited Statements
$283,297
Total Revenue per Audited Statements
$283,297
Total Revenue per Form 990
$283,297
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$285,593
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$107,250$13,200-$120,450
Occupancy$80,725--$80,725
Depreciation Depletion$29,260--$29,260
Fees for Services Management-$17,280-$17,280
Other Expenses$11,117--$11,117
Fees for Services Accounting-$6,283-$6,283
Information Technology$2,136--$2,136
Fees for Services Legal-$1,625-$1,625
Advertising-$340-$340
Office Expenses$11--$11
Total Functional Expenses$246,865$38,728$0$285,593

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$285,593
Expenses per Audited Statements$283,648
Total Expenses per Audited Statements$283,648
Expenses Not Reported on Financial Statements$1,945
Other Expense Adjustments$1,945
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Chamberlain affordable housing, inc. Has a management agreement with mills property management inc. (mpm). Mpm renders services as a property management company for the 36-unit apartment complex. Property management fees paid to mpmj during 2016 totaled 17,280.

Form 990, Page 6, Part VI, Line 9

Sharon casey 410 s allcott st chamberlain, sd 57325 jason stone 503 e n street chamberlain, sd 57325 phil carlson south main chamberlain, sd 57325

Form 990, Page 6, Part VI, Line 11B

Before form 990 is filed, it is reviewed by greg powell, chamberlain city engineer/administrator of the chamberlain housing authority board.

Form 990, Page 6, Part VI, Line 19

Information is made available to teh public upon request.

Filing and Contact Details

Filer

Filer Name
Chamberlain Affordable Housing Inc
EIN
26-0076074
Phone
6052344400
Address
PO BOX 66, CHAMBERLAIN, SD 57325

Signing Officer

Name
Jason Stone
Title
Chairperson
Phone
6052344400
Signed
2021-03-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Stone
Formed
2003
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Elo Prof LLC
Address
316 SORENSEN DRIVE, CHAMBERLAIN, SD 57325
Preparer
Robert C Rauenhorst
Phone
6052346055
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Management salary 0 13,200 0 other admin expenses 9,589 0 0 janitorial 10,160 0 0 contracts 87,501 0 0 total 107,250 13,200 0

Form 990, Part XI, Line 9

Book / tax depreciation difference 1,945

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Individual resident funds are deposited into an interest bearing resident trust account. An individual record is kept for each resident, income is allocated to the appropriate resident and a statement is sent detailing deposits and withdrawals to each resident and/or family at the end of each quarter.

Schedule D, Page 4, Part XII, Line 4B

Book / tax depreciation difference 1,945

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

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INDIVIDUAL RESIDENT FUNDS ARE DEPOSITED INTO AN INTEREST BEARING RESIDENT TRUST ACCOUNT. AN INDIVIDUAL RECORD IS KEPT FOR EACH RESIDENT, INCOME IS ALLOCATED TO THE APPROPRIATE RESIDENT AND A STATEMENT IS SENT DETAILING DEPOSITS AND WITHDRAWALS TO EACH RESIDENT AND/OR FAMILY AT THE END OF EACH QUARTER.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK / TAX DEPRECIATION DIFFERENCE 1,945
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0500807
IRS990ScheduleD/TotalBookValueOtherAssetsAmt029497
IRS990ScheduleD/TotalExpensesPerForm990Amt0285593
IRS990ScheduleD/TotalRevenuePerForm990Amt0283297
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0283297
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0283648
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHAMBERLAIN AFFORDABLE HOUSING, INC. HAS A MANAGEMENT AGREEMENT WITH MILLS PROPERTY MANAGEMENT INC. (MPM). MPM RENDERS SERVICES AS A PROPERTY MANAGEMENT COMPANY FOR THE 36-UNIT APARTMENT COMPLEX. PROPERTY MANAGEMENT FEES PAID TO MPMJ DURING 2016 TOTALED 17,280.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SHARON CASEY 410 S ALLCOTT ST CHAMBERLAIN, SD 57325 JASON STONE 503 E N STREET CHAMBERLAIN, SD 57325 PHIL CARLSON SOUTH MAIN CHAMBERLAIN, SD 57325
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BEFORE FORM 990 IS FILED, IT IS REVIEWED BY GREG POWELL, CHAMBERLAIN CITY ENGINEER/ADMINISTRATOR OF THE CHAMBERLAIN HOUSING AUTHORITY BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INFORMATION IS MADE AVAILABLE TO TEH PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MANAGEMENT SALARY 0 13,200 0 OTHER ADMIN EXPENSES 9,589 0 0 JANITORIAL 10,160 0 0 CONTRACTS 87,501 0 0 TOTAL 107,250 13,200 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE 1,945
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0CAH INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt0CHAMBERLAIN AFFORDABLE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CHAMBERLAIN GRANDVIEW PROPERTIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0262593569
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt06
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0715 N MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHAMBERLAIN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd057325
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0571140
IRS990/TotalAssetsEOYAmt0549009
IRS990/TotalAssetsGrp/BOYAmt0571140
IRS990/TotalAssetsGrp/EOYAmt0549009
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038728
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0246865
IRS990/TotalFunctionalExpensesGrp/TotalAmt0285593
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0238155
IRS990/TotalLiabilitiesEOYAmt0216375
IRS990/TotalLiabilitiesGrp/BOYAmt0238155
IRS990/TotalLiabilitiesGrp/EOYAmt0216375
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0332985
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0332634
IRS990/TotalProgramServiceExpensesAmt0246865
IRS990/TotalProgramServiceRevenueAmt0283037
IRS990/TotalRevenueGrp/ExclusionAmt0260
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0283037
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0283297
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0571140
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0549009
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0503 E N STREET
IRS990/USAddress/CityNm0CHAMBERLAIN
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057325
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON STONE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum06052344400
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHAMBERLAIN AFFORDABLE HOUSING INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0715 N MAIN STREET
ReturnHeader/Filer/BusinessNameControlTxt0CHAM
ReturnHeader/Filer/EIN0260076074
ReturnHeader/Filer/PhoneNum06052344400
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 66
ReturnHeader/Filer/USAddress/CityNm0CHAMBERLAIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057325
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460434947
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELO PROF LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0316 SORENSEN DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHAMBERLAIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057325
ReturnHeader/PreparerPersonGrp/PhoneNum06052346055
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT C RAUENHORST
ReturnHeader/ReturnTs02021-04-15T12:03:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JASON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STONE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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