Civic Intelligence

Adams County Good Samaritan Housing Gp Inc.

990EZ • Fiscal year 2018 • EIN 46-1495572

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 07, 2019

4800 W 57th Street PO Box 5038Sioux Falls, SD 57117-5038

(605) 362-3100

Siviq Scores

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

Liabilities / Assets

91st percentile

0.58x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

3.90x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

96th percentile

72%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

72nd percentile

21%

Faster asset growth than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

49th percentile

0.2%

Faster revenue growth than 49% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$56,628

Up $9,675 (+21%) from 2017

Net Assets

Up

$23,737

Up $6,066 (+34%) from 2017

Liabilities

Up

$32,891

Up $3,609 (+12%) from 2017

Revenue

Up

$8,441

Up $14 (+0.2%) from 2017

Expenses

Up

$2,375

Up $2,000 (+533%) from 2017

Net Income

Down

$6,066

Down $1,986 (-25%) from 2017

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0-$20KAssets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $716Liabilities 2014: $719Net Assets 2014: -$32014Assets 2015: $27,765Liabilities 2015: $20,461Net Assets 2015: $7,3042015Assets 2016: $50,740Liabilities 2016: $40,402Net Assets 2016: $10,3382016Assets 2017: $46,953Liabilities 2017: $29,282Net Assets 2017: $17,6712017Assets 2018: $56,628Liabilities 2018: $32,891Net Assets 2018: $23,7372018Assets 2019: $50,967Liabilities 2019: $29,221Net Assets 2019: $21,7462019Assets 2020: $70,823Liabilities 2020: $41,766Net Assets 2020: $29,0572020Assets 2021: $69,118Liabilities 2021: $32,436Net Assets 2021: $36,6822021Assets 2022: $78,600Liabilities 2022: $32,446Net Assets 2022: $46,1542022Assets 2023: $73,774Liabilities 2023: $0Net Assets 2023: $73,7742023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2018

Assets$56,628
Liabilities$32,891
Net Assets$23,737

Operations Trend

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

$40K$30K$20K$10K$0-$10KExpenses 2014: $32014Revenue 2015: $12,100Expenses 2015: $5,512Net Income 2015: $6,5882015Revenue 2016: $7,725Expenses 2016: $4,691Net Income 2016: $3,0342016Revenue 2017: $8,427Expenses 2017: $375Net Income 2017: $8,0522017Revenue 2018: $8,441Expenses 2018: $2,375Net Income 2018: $6,0662018Revenue 2019: $8,694Expenses 2019: $10,685Net Income 2019: -$1,9912019Revenue 2020: $8,955Expenses 2020: $1,644Net Income 2020: $7,3112020Revenue 2021: $9,224Expenses 2021: $1,599Net Income 2021: $7,6252021Revenue 2022: $9,501Expenses 2022: $29Net Income 2022: $9,4722022Revenue 2023: $32,641Expenses 2023: $1,624Net Income 2023: $31,0172023Revenue 2024: $4,0062024

Highlighted filing

2018

Revenue$8,441
Expenses$2,375
Net Income$6,066
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 7, 2019
Return Version
2018v3.1
Gross Receipts
$8,441
Mission and Program Overview

Mission

The corporation is organized exclusively for the benefit of, to support the functions of, and to assist the evangelical lutheran good samaritan society.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION IS ORGANIZED TO BE A SUPPORTING ORGANIZATION OF THE EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY. THE ORGANIZATION HELPED PROVIDE LOW-INCOME HOUSING TO ELDERLY AND DISABLED PERSONS THROUGH ITS RELATIONSHIP WITH ADAMS COUNTY GOOD SAMARITAN HOUSING, LP.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
THOMAS A SYVERSONPres; Chairperson Beg 06/18-$0--
DAVID J HORAZDOVSKYChairperson Until 06/18-$0--
H THEODORE GRINDALVice Chairperson Until 06/18-$0--
JOHN R RACEKVice Chairperson Until 06/18-$0--
GWEN WAGSTROM HALAASVice Chairperson Until 06/18-$0--
BERGEN J PETERSONDirector Beg 06/18-$0--
NORVAL DEAN BUCKNEBERGDirector Until 06/18-$0--
LEE O LAAVEGDirector Until 06/18-$0--
TERRY PARKERDirector Beg 06/18; VP Beg 10/18-$0--
G GRANT TRIBBLETreasurer; Director Beg 06/18-$0--
THOMAS J KAPUSTASecretary-$0--
MISTY HAM-QUICKAssistant Secretary-$0--
Filing and Contact Details

Filer

Filer Name
Adams County Good Samaritan Housing Gp
EIN
46-1495572
Phone
6053623100
Address
4800 W 57TH STREET PO BOX 5038, SIOUX FALLS, SD 57117-5038

Signing Officer

Name
Thomas a Syverson
Title
Chairperson and President
Phone
6053623100
Signed
2019-10-07
Discuss with paid preparer
Yes

Preparer

Firm
Eide Bailly Llp
Address
200 EAST 10TH ST PO BOX 5125, SIOUX FALLS, SD 57117-5125
Preparer
Laurie Hanson
Phone
6053391999
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: financial expense. Amount: 30. Description: misc administrative expenses. Amount: 56. Total to form 990-ez, line 16: 86.

Form 990-ez, Part II, Line 24 - Other Assets

Description: invest-equity contrib. Beg. Of year amount: 643. End of year amount: 613. Description: related party receivable. Beg. Of year amount: 28,252. End of year amount: 36,693.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 3,305. End of year amount: 3,643. Description: related party payable long-term. Beg. Of year amount: 25,977. End of year amount: 29,248.

990 Ez, Part V, Line 34

The articles of incorporation were amended to: 1. Revise the process to amend the bylaws to include that any amendment must be approved, in writing, by the president of the evangelical lutheran good samaritan society, the sponsor organization, prior to being amended by the board of directors. 2. Revise the process to amend the articles of incorporation to require a majority vote of the directors of the corporation and subject the amendment to prior written approval of the president of the evangelical lutheran good samaritan society, as the sponsor organization. The bylaws were amended to: 3. Revise the number of board of directors to no less than 3 and no more than 15 and removed the directors of the corporation listing. Previously, the number of directors was to be no less than 9 and no more than 15. 4. Revise the process to amend the bylaws to include that any amendment must be approved, in writing, by the president of the evangelical lutheran good samaritan society, the sponsor organization, prior to being amended by the board of directors.

Raw XML Appendix214 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VICE CHAIRPERSON UNTIL 06/18
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9TREASURER; DIR BEG 06/18
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IRS990EZ/PrimaryExemptPurposeTxt0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF, TO SUPPORT THE FUNCTIONS OF, AND TO ASSIST THE EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0NO MONETARY SUPPORT WAS PROVIDED DURING THE YEAR ENDED DECEMBER 31, 2018. HOWEVER, ADAMS COUNTY GOOD SAMARITAN HOUSING GP, INC. SUPPORTED THE EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY THROUGH ITS INVOLVEMENT AS A GENERAL PARTNER IN ADAMS COUNTY GOOD SAMARITAN HOUSING, LIMITED PARTNERSHIP. THE PARTNERSHIP ADVANCES THE MISSION OF THE SOCIETY BY PROVIDING HOUSING TO LOW-INCOME ELDERLY OR DISABLED RESIDENTS UTILIZING TAX CREDIT FINANCING.
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: FINANCIAL EXPENSE. AMOUNT: 30. DESCRIPTION: MISC ADMINISTRATIVE EXPENSES. AMOUNT: 56. TOTAL TO FORM 990-EZ, LINE 16: 86.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INVEST-EQUITY CONTRIB. BEG. OF YEAR AMOUNT: 643. END OF YEAR AMOUNT: 613. DESCRIPTION: RELATED PARTY RECEIVABLE. BEG. OF YEAR AMOUNT: 28,252. END OF YEAR AMOUNT: 36,693.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 3,305. END OF YEAR AMOUNT: 3,643. DESCRIPTION: RELATED PARTY PAYABLE LONG-TERM. BEG. OF YEAR AMOUNT: 25,977. END OF YEAR AMOUNT: 29,248.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ARTICLES OF INCORPORATION WERE AMENDED TO: 1. REVISE THE PROCESS TO AMEND THE BYLAWS TO INCLUDE THAT ANY AMENDMENT MUST BE APPROVED, IN WRITING, BY THE PRESIDENT OF THE EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY, THE SPONSOR ORGANIZATION, PRIOR TO BEING AMENDED BY THE BOARD OF DIRECTORS. 2. REVISE THE PROCESS TO AMEND THE ARTICLES OF INCORPORATION TO REQUIRE A MAJORITY VOTE OF THE DIRECTORS OF THE CORPORATION AND SUBJECT THE AMENDMENT TO PRIOR WRITTEN APPROVAL OF THE PRESIDENT OF THE EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY, AS THE SPONSOR ORGANIZATION. THE BYLAWS WERE AMENDED TO: 3. REVISE THE NUMBER OF BOARD OF DIRECTORS TO NO LESS THAN 3 AND NO MORE THAN 15 AND REMOVED THE DIRECTORS OF THE CORPORATION LISTING. PREVIOUSLY, THE NUMBER OF DIRECTORS WAS TO BE NO LESS THAN 9 AND NO MORE THAN 15. 4. REVISE THE PROCESS TO AMEND THE BYLAWS TO INCLUDE THAT ANY AMENDMENT MUST BE APPROVED, IN WRITING, BY THE PRESIDENT OF THE EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY, THE SPONSOR ORGANIZATION, PRIOR TO BEING AMENDED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3990 EZ, PART V, LINE 34
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02020-03-31 21:24:44Z
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ReturnHeader/PreparerPersonGrp/PhoneNum06053391999
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURIE HANSON
ReturnHeader/ReturnTs02019-10-15T08:54:49-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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