Sioux Empire Housing Partnership Inc
- Assets
- $387.3k
- Revenue
- $232.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Sioux Falls, SD
- Founding
- 12/1996
- Data as of
- 09/2023
- EIN
- 46-0442266
Organization Overview
Sioux Empire Housing Partnership Inc is located in Sioux Falls, SD. The organization was established in 1996. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Sioux Empire Housing Partnership Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sioux Empire Housing Partnership Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Sioux Empire Housing Partnership Inc generated $232.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $210.7k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOMEBUYER EDUCATION AND FINANCIAL LITERACY PROGRAMS TO LOW AND MODERATE INCOME INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SIOUX EMPIRE HOUSING PARTNERSHIP(SEHP) ASSISTS LOW-TO-MODERATE INCOME HOMEBUYERS AND RENTERS FINANCIALLY SUCCEED IN OUR COMMUNITY BY MAINTAINING SAFE AND AFFORDABLE HOUSING. SEHP PROVIDES HOUSING COUNSELING SERVICES FOR PREPURCHASE AND RENTAL HOUSING EDUCATION SERVICES, FINANCIAL LITERACY EDUCATION, CREDIT HISTORY REVIEW AND PERSONAL MONEY MANAGEMENT BUDGETING. IN 2023, SEHP'S EDUCATION PROGRAMS SERVED 690 FAMILIES AND INDIVIDUALS. ALL OF OUR CLASSES ARE OFFERED IN PERSON AS WELL AS VIRTUAL WHICH ENABLES US TO PROVIDE EDUCATION ACROSS THE STATE.SEHP PROMOTES OUR SERVICES TARGETING FINANCIAL INSTITUTIONS, COMMUNITY MEMBERS, HOUSING MANAGEMENT AGENCIES, NONPROFITS WORKING WITH LOW INCOME AND/OR MINORITY POPULATIONS, AS WELL AS THROUGH SOCIAL MEDIA. OUR STAFF PROMOTES SERVICES WITHIN THE COMMUNITIES BY PROVIDING OUTREACH AND MARKETING MATERIALS DURING FAIRS, FESTIVALS AND OTHER MULTICULTURAL EVENTS. SEHP WORKS WITH THE FOLLOWING: GREATER SIOUX FALLS CHAMBER OF COMMERCE, THE SIOUX FALLS DEVELOPMENT FOUNDATION, THE CITY OF SIOUX FALLS, SURROUNDING COUNTY GOVERNMENTS, THE 211 HELPLINE CENTER, REALTORS, MORTGAGE LOAN OFFICERS, THE MULTICULTURAL CENTER AND CAMINANDO JUNTOS TO REACH OUR DIVERSE COMMUNITY. SEHP MEASURES SUCCESS OF THE PROGRAMS BY FOLLOW-UP CALLS, SURVEYS, AS WELL AS OUTREACH TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Christopherson Past Chairperson | OfficerTrustee | 2 | $0 |
Tom Shields Chairperson | OfficerTrustee | 2 | $0 |
Bill O'connor Secretary/treasurer | OfficerTrustee | 2 | $0 |
Joan Franken Director | Trustee | 1 | $0 |
Leap Chear Director | Trustee | 1 | $0 |
Karl Fulmer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,841 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,581 |
| Total Program Service Revenue | $0 |
| Investment income | $3,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,196 |
| Compensation of current officers, directors, key employees. | $19,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,192 |
| Pension plan accruals and contributions | $2,959 |
| Other employee benefits | $7,408 |
| Payroll taxes | $9,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,891 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,413 |
| Office expenses | $3,155 |
| Information technology | $10,411 |
| Royalties | $0 |
| Occupancy | $18,600 |
| Travel | $170 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $499 |
| Insurance | $2,443 |
| All other expenses | $105 |
| Total functional expenses | $210,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $300,683 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,455 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,474 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,638 |
| Total assets | $387,250 |
| Accounts payable and accrued expenses | $21,888 |
| Grants payable | $0 |
| Deferred revenue | $37,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,638 |
| Total liabilities | $121,526 |
| Net assets without donor restrictions | $265,724 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $387,250 |