Civic Intelligence

Affordable Housing Solutions Inc.

990 • Fiscal year 2022 • EIN 46-0348562

Oct 01, 2021 to Sep 30, 2022 • Filed on Jul 31, 2023

Organization ProfileWWW.A-H-S.ORG
630 S Minnesota AveSioux Falls, SD 57104

(605) 332-0704

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.90x

Higher debt load relative to assets than 93% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

8.58x

Higher debt load relative to revenue than 98% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

13th percentile

-25%

Higher net margin than 13% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

67th percentile

10%

Faster asset growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

18th percentile

-20%

Faster revenue growth than 18% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$4,833,265

Up $451,236 (+10%) from 2021

Net Assets

Down

$463,004

Down $126,001 (-21%) from 2021

Liabilities

Up

$4,370,261

Up $577,237 (+15%) from 2021

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin13th percentile

Revenue

Down

$509,324

Down $130,943 (-20%) from 2021

Expenses

Down

$635,346

Down $27,559 (-4.2%) from 2021

Net Income

Down

-$126,022

Down $103,384 (-457%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $2,253,677Liabilities 2010: $1,097,073Net Assets 2010: $1,156,6042010Assets 2011: $2,154,860Liabilities 2011: $1,299,510Net Assets 2011: $855,3502011Assets 2012: $2,164,441Liabilities 2012: $1,350,167Net Assets 2012: $814,2742012Assets 2013: $2,530,535Liabilities 2013: $1,737,514Net Assets 2013: $793,0212013Assets 2014: $4,206,288Liabilities 2014: $3,294,257Net Assets 2014: $912,0312014Assets 2015: $4,355,508Liabilities 2015: $3,311,848Net Assets 2015: $1,043,6602015Assets 2016: $5,399,473Liabilities 2016: $4,440,669Net Assets 2016: $958,8042016Assets 2017: $6,266,061Liabilities 2017: $5,403,613Net Assets 2017: $862,4482017Assets 2018: $6,909,383Liabilities 2018: $6,204,806Net Assets 2018: $704,5772018Assets 2019: $7,767,544Liabilities 2019: $7,049,492Net Assets 2019: $718,0522019Assets 2020: $7,010,324Liabilities 2020: $6,398,706Net Assets 2020: $611,6182020Assets 2021: $4,382,029Liabilities 2021: $3,793,024Net Assets 2021: $589,0052021Assets 2022: $4,833,265Liabilities 2022: $4,370,261Net Assets 2022: $463,0042022Assets 2023: $6,153,266Liabilities 2023: $5,950,152Net Assets 2023: $203,1142023Assets 2024: $7,868,115Liabilities 2024: $8,137,092Net Assets 2024: -$268,9772024

Highlighted filing

2022

Assets$4,833,265
Liabilities$4,370,261
Net Assets$463,004
Open 2022 Filing

Operations Trend

Revenue Growth18th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $123,9152010Expenses 2011: $227,2942011Revenue 2012: $201,707Expenses 2012: $242,783Net Income 2012: -$41,0762012Expenses 2013: $273,2912013Revenue 2014: $405,756Expenses 2014: $286,746Net Income 2014: $119,0102014Revenue 2015: $711,287Expenses 2015: $579,658Net Income 2015: $131,6292015Revenue 2016: $556,241Expenses 2016: $641,097Net Income 2016: -$84,8562016Revenue 2017: $485,339Expenses 2017: $581,695Net Income 2017: -$96,3562017Revenue 2018: $458,047Expenses 2018: $615,918Net Income 2018: -$157,8712018Revenue 2019: $753,595Expenses 2019: $740,120Net Income 2019: $13,4752019Revenue 2020: $597,712Expenses 2020: $704,146Net Income 2020: -$106,4342020Revenue 2021: $640,267Expenses 2021: $662,905Net Income 2021: -$22,6382021Revenue 2022: $509,324Expenses 2022: $635,346Net Income 2022: -$126,0222022Revenue 2023: $358,725Expenses 2023: $618,648Net Income 2023: -$259,9232023Revenue 2024: $138,771Expenses 2024: $610,891Net Income 2024: -$472,1202024

Highlighted filing

2022

Revenue$509,324
Expenses$635,346
Net Income-$126,022
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jul 31, 2023
Return Version
2021v4.2
Gross Receipts
$1,509,511
Mission and Program Overview

Mission

To improve the quality of life for the sioux falls community and its lower income residents by providing affordable, decent, safe and nondiscriminatory housing opportunities that further self-sufficiency and/or independent living.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,920,854$2,660,079▼ $260,775
Savings and Temporary Cash Investments$754,477$643,438▼ $111,039
Other Notes and Loans Receivable, Net$32,966$29,403▼ $3,563
Accounts Receivable$16,037$10,528▼ $5,509
Prepaid Expenses and Deferred Charges$9,527$8,663▼ $864
Total Assets$4,382,029$4,833,265▲ $451,236
Other Assets Total$648,168$1,481,154▲ $832,986
Liabilities
Other Liabilities$3,731,908$4,293,387▲ $561,479
Accounts Payable and Accrued Expenses$57,928$69,753▲ $11,825
Deferred Revenue$3,188$7,121▲ $3,933
Total Liabilities$3,793,024$4,370,261▲ $577,237
Net Assets / Fund Balance
Net Assets With Donor Restrictions$228,468$271,672▲ $43,204
Net Assets Without Donor Restrictions$360,537$191,332▼ $169,205
Total Net Assets Fund Balance$589,005$463,004▼ $126,001
Total Liabilities and Net Assets / Fund Balance$4,382,029$4,833,265▲ $451,236

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,375,279$873,339$3,248,618
Land$283,684-$283,684
Other Land Buildings$1,116$123,814$124,930
Other Assets Org$25,341--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Keith W ThompsonPresident
Brian JansVice President
Karl FulmerExecutive Director
David KingMember
Dixie HiebMember
Jamie SmithMember
Jeremy KecklerMember
Mike HauckMember
Thomas MooreMember
Ruth ChristophersonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$242,050
Program Service Revenue
$408,958
Investment Income
$-141,663
Other Revenue
$-21
Change in Net Assets
$-126,022

Audited Revenue Reconciliation

Revenue per Audited Statements
$509,345
Revenue Not Reported on Financial Statements
$-21
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-21
Total Revenue per Audited Statements
$509,345
Total Revenue per Form 990
$509,324
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$500,630
Salaries, Compensation, and Employee Benefits$134,716
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$108,209--$108,209
Other Salaries and Wages-$98,869-$98,869
Fees for Services Management$94,673--$94,673
Occupancy$67,457--$67,457
Other Employee Benefits-$22,878-$22,878
Office Expenses$11,228$6,576-$17,804
Insurance$12,802$3,106-$15,908
Fees for Services Accounting$8,240$3,686-$11,926
Interest$9,635--$9,635
Payroll Taxes-$6,993-$6,993
Pension Plan Contributions-$5,976-$5,976
Fees for Services Legal$1,400$10-$1,410
Conferences and Meetings-$1,023-$1,023
Other Expenses$18,027$926-$926
Information Technology$900--$900
Advertising$471--$471
All Other Expenses$180--$180
Travel-$51-$51
Total Functional Expenses$406,872$228,474$0$635,346

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$635,346
Total Expenses per Audited Statements$635,346
Total Expenses per Form 990$635,346
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long Term Debt$3,016,554
Line of Credit$484,685
Current Portion of Notes Payable$395,247
Unearned Grant Revenue$186,699
Due to Other Government$116,575
Other Current Liabilities$81,213
Security Deposits$9,400
Compensated Absences$3,014
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization did not have any committees with the authority to act on behalf of the board of directors. The entire board of directors is essentially the committee.”

Form 990, Part VI, Section B, Line 11B

“A complete copy of the 990 is distributed to the board of directors after it has been filed. The document is approved by the board of directors. Their approval is documented in the minutes of the meeting.”

Form 990, Part VI, Section B, Line 12C

“The directors disclose at a board meeting whenever there is a conflict of interest on a matter being discussed or acted on at a board meeting. If action is being taken, the director with a conflict of interest will abstain from voting.”

Form 990, Part VI, Section C, Line 19

“Governing documents, financial statements, policies and form 990 are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Affordable Housing Solutions Inc
EIN
46-0348562
Phone
6053320704
Address
630 S MINNESOTA AVE, SIOUX FALLS, SD 57104

Signing Officer

Name
Karl Fulmer
Title
Executive Director
Phone
6053320704
Signed
2023-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karl Fulmer
Formed
1978
Legal Domicile
Sd
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
0

Preparer

Firm
Brady Martz & Associates Pc
Address
PO BOX 14296, GRAND FORKS, ND 58208-4296
Preparer
Brian Opsahl
Phone
7017754685
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“JOINT VENTURE INCOME 21.”

FORM 990, PART XII, LINE 2C:

“The organization has not changed its selection process or oversight process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation's policy is to evaluate the likelihood that its uncertain tax positions will prevail upon examination based on the extent to which those positions have substantial support within the internal revenue code and regulations, revenue rulings, court decisions, and other evidence. It is the opinion of management that the corporation has no significant uncertain tax positions that would be subject to change upon examination. The federal income tax returns of the corporation are subject to examination by the irs, generally for three years after they are filed.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Joint venture income -21.”

Raw XML AppendixShowing 400 of 566 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt057928
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt069753
IRS990/AccountsReceivableGrp/BOYAmt016037
IRS990/AccountsReceivableGrp/EOYAmt010528
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO IMPROVE THE QUALITY OF LIFE FOR THE SIOUX FALLS COMMUNITY AND ITS LOWER INCOME RESIDENTS BY PROVIDING AFFORDABLE, DECENT, SAFE AND NONDISCRIMINATORY HOUSING OPPORTUNITIES THAT FURTHER SELF-SUFFICIENCY AND/OR INDEPENDENT LIVING.
IRS990/AdvertisingGrp/ProgramServicesAmt0471
IRS990/AdvertisingGrp/TotalAmt0471
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0180
IRS990/AllOtherExpensesGrp/TotalAmt0180
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0AFFORDABLE HOUSING SOLUTIONS INC
IRS990/BooksInCareOfDetail/PhoneNum06053320704
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0630 S MINNESOTA AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SIOUX FALLS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd057104
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01023
IRS990/ConferencesMeetingsGrp/TotalAmt01023
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0242050
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-141663
IRS990/CYOtherExpensesAmt0500630
IRS990/CYOtherRevenueAmt0-21
IRS990/CYProgramServiceRevenueAmt0408958
IRS990/CYRevenuesLessExpensesAmt0-126022
IRS990/CYSalariesCompEmpBnftPaidAmt0134716
IRS990/CYTotalExpensesAmt0635346
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0509324
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt03188
IRS990/DeferredRevenueGrp/EOYAmt07121
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0108209
IRS990/DepreciationDepletionGrp/TotalAmt0108209
IRS990/Desc0PROMOTION AND ADVANCEMENT OF HOUSING PROJECTS AND RELATED FACILITIES FOR THE RESIDENTS OF SIOUX FALLS, SOUTH DAKOTA
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0228468
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0271672
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0406872
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03686
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt08240
IRS990/FeesForServicesAccountingGrp/TotalAmt011926
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt010
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01400
IRS990/FeesForServicesLegalGrp/TotalAmt01410
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt094673
IRS990/FeesForServicesManagementGrp/TotalAmt094673
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0KEITH W THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm1RUTH CHRISTOPHERSON
IRS990/Form990PartVIISectionAGrp/PersonNm2BRIAN JANS
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMIE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID KING
IRS990/Form990PartVIISectionAGrp/PersonNm5MIKE HAUCK
IRS990/Form990PartVIISectionAGrp/PersonNm6JEREMY KECKLER
IRS990/Form990PartVIISectionAGrp/PersonNm7DIXIE HIEB
IRS990/Form990PartVIISectionAGrp/PersonNm8THOMAS MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm9KARL FULMER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-142187
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt0242050
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0858000
IRS990/GrossReceiptsAmt01509511
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0900
IRS990/InformationTechnologyGrp/TotalAmt0900
IRS990/InsuranceGrp/ManagementAndGeneralAmt03106
IRS990/InsuranceGrp/ProgramServicesAmt012802
IRS990/InsuranceGrp/TotalAmt015908
IRS990/InterestGrp/ProgramServicesAmt09635
IRS990/InterestGrp/TotalAmt09635
IRS990/InvestmentIncomeGrp/ExclusionAmt0524
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0524
IRS990/InvestmentInJointVentureInd01
IRS990/IRPDocumentCnt022
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0997153
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02920854
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02660079
IRS990/LandBldgEquipCostOrOtherBssAmt03657232
IRS990/LegalDomicileStateCd0SD
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01000187
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO IMPROVE THE QUALITY OF LIFE FOR THE SIOUX FALLS COMMUNITY AND ITS LOWER INCOME RESIDENTS BY PROVIDING AFFORDABLE, DECENT, SAFE AND NONDISCRIMINATORY HOUSING OPPORTUNITIES THAT FURTHER SELF-SUFFICIENCY AND/OR INDEPENDENT LIVING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0589005
IRS990/NetAssetsOrFundBalancesEOYAmt0463004
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-142187
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-142187
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0360537
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0191332
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt067457
IRS990/OccupancyGrp/TotalAmt067457
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06576
IRS990/OfficeExpensesGrp/ProgramServicesAmt011228
IRS990/OfficeExpensesGrp/TotalAmt017804
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0648168
IRS990/OtherAssetsTotalGrp/EOYAmt01481154
IRS990/OtherChangesInNetAssetsAmt021
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022878
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022878
IRS990/OtherExpensesGrp/Desc0HOUSING ASSISTANCE
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc3STAFF TRAINING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt077050
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11330
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2926
IRS990/OtherExpensesGrp/ProgramServicesAmt073650
IRS990/OtherExpensesGrp/ProgramServicesAmt118027
IRS990/OtherExpensesGrp/TotalAmt077050
IRS990/OtherExpensesGrp/TotalAmt174980
IRS990/OtherExpensesGrp/TotalAmt218027
IRS990/OtherExpensesGrp/TotalAmt3926
IRS990/OtherLiabilitiesGrp/BOYAmt03731908
IRS990/OtherLiabilitiesGrp/EOYAmt04293387
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0INCOME FROM JOINT VENTURES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0-21
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-21
IRS990/OtherRevenueTotalAmt0-21
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt098869
IRS990/OtherSalariesAndWagesGrp/TotalAmt098869
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt032966
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt029403
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06993
IRS990/PayrollTaxesGrp/TotalAmt06993
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05976
IRS990/PensionPlanContributionsGrp/TotalAmt05976
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09527
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08663
IRS990/PrincipalOfficerNm0KARL FULMER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2DEVELOPER FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0260249
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1109386
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt239323
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0260249
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1109386
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt239323
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt070829
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02603
IRS990/PYOtherExpensesAmt0521108
IRS990/PYOtherRevenueAmt0-25
IRS990/PYProgramServiceRevenueAmt0566860
IRS990/PYRevenuesLessExpensesAmt0-22638
IRS990/PYSalariesCompEmpBnftPaidAmt0141797
IRS990/PYTotalExpensesAmt0662905
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0640267
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-126022
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0408937
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0754477
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0643438
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0460333222
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SIOUX FALLS HOUSING & REDEVELOPMENT COMMISSION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02375279
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0873339
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03248618
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0635346
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0283684
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0283684
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0205038
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11250775
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt225341
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM OTHER GOVERNMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ASSETS HELD FOR RESALE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INVESTMENT IN JOINT VENTURE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01116
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0123814
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0124930
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1116575
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2395247
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt33016554
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt481213
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5484685
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt63014
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt7186699
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO OTHER GOVERNMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CURRENT PORTION OF NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3LONG TERM DEBT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OTHER CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7UNEARNED GRANT REVENUE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-21
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-21
IRS990ScheduleD/RevenueSubtotalAmt0509345
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS, AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE CORPORATION HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1JOINT VENTURE INCOME -21.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02660079
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01481154
IRS990ScheduleD/TotalExpensesPerForm990Amt0635346
IRS990ScheduleD/TotalLiabilityAmt04293387
IRS990ScheduleD/TotalRevenuePerForm990Amt0509324
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0509345
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0635346
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DID NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. THE ENTIRE BOARD OF DIRECTORS IS ESSENTIALLY THE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COMPLETE COPY OF THE 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS AFTER IT HAS BEEN FILED. THE DOCUMENT IS APPROVED BY THE BOARD OF DIRECTORS. THEIR APPROVAL IS DOCUMENTED IN THE MINUTES OF THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DIRECTORS DISCLOSE AT A BOARD MEETING WHENEVER THERE IS A CONFLICT OF INTEREST ON A MATTER BEING DISCUSSED OR ACTED ON AT A BOARD MEETING. IF ACTION IS BEING TAKEN, THE DIRECTOR WITH A CONFLICT OF INTEREST WILL ABSTAIN FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, POLICIES AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,833,265
Liabilities
$4,370,261
Net assets
$463,004
Revenue
$509,324
Expenses
$635,346
Net income
-$126,022
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.87$8.14$0.27$0.14$0.61$0.47
2023Detailed filing. Detailed filing data is available for this year.$6.15$5.95$0.20$0.36$0.62$0.26
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.83$4.37$0.46$0.51$0.64$0.13
2021Detailed filing. Detailed filing data is available for this year.$4.38$3.79$0.59$0.64$0.66$0.02
2020Detailed filing. Detailed filing data is available for this year.$7.01$6.40$0.61$0.60$0.70$0.11
2019Detailed filing. Detailed filing data is available for this year.$7.77$7.05$0.72$0.75$0.74$0.01
2018Detailed filing. Detailed filing data is available for this year.$6.91$6.20$0.70$0.46$0.62$0.16
2017Detailed filing. Detailed filing data is available for this year.$6.27$5.40$0.86$0.49$0.58$0.10
2016Detailed filing. Detailed filing data is available for this year.$5.40$4.44$0.96$0.56$0.64$0.08
2015Detailed filing. Detailed filing data is available for this year.$4.36$3.31$1.04$0.71$0.58$0.13
2014Summary only. Only limited summary data is available for this year.$4.21$3.29$0.91$0.41$0.29$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.53$1.74$0.79$0.27
2012Summary only. Only limited summary data is available for this year.$2.16$1.35$0.81$0.20$0.24$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$1.30$0.86$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$1.10$1.16$0.12