THE RODNEY SCHEEL HOUSE FOUNDATION LTD

EIN: 391742330 501(c)(3) Housing & Shelter

MADISON, WI

Total Revenue
$322,867
Total Expenses
$320,834
Total Assets
$1,190,687
Net Assets
$-407,099
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
WI
Principal Officer
NICOLE SOLHEIM
Phone
6082839448
Tax Period
2024-01-01 to 2024-12-31

THE RODNEY SCHEEL HOUSE FOUNDATION LTD, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $323K in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE RODNEY SCHEEL HOUSE FOUNDATION IS TO MAKE AVAILABLE AFFORDABLE APARTMENTS TO BE KNOWN AS THE RODNEY SCHEEL HOUSE, WHERE LOW-INCOME FAMILIES WITH A MEMBER DISABLED BY HIV CAN MAKE THEIR HOME AND LIVE INDEPENDENTLY IN A CARING COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $232,318 Revenue: $88,783

THE RODNEY SCHEEL HOUSE FOUNDATION OPERATES A 23-UNIT APARTMENT COMPLEX FOR PEOPLE DISABLED BY HIV/AIDS. THE COMPLEX OFFERS EFFICIENCY, ONE- AND TWO-BEDROOM APARTMENTS WITH CENTRAL AIR-CONDITIONING...

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THE RODNEY SCHEEL HOUSE FOUNDATION OPERATES A 23-UNIT APARTMENT COMPLEX FOR PEOPLE DISABLED BY HIV/AIDS. THE COMPLEX OFFERS EFFICIENCY, ONE- AND TWO-BEDROOM APARTMENTS WITH CENTRAL AIR-CONDITIONING, PERSONAL WASHER AND DRYER, AND OFF-STREET PARKING NEAR BUS LINES AND SHOPPING. WE OPERATE ON THE PRINCIPLE THAT A COMMUNITY IS A PLACE WHERE A PERSON CAN BE THE BEST HE OR SHE CAN BE, AS WELL AS THE PEOPLE TO HELP ACCOMPLISH WHAT ONE CAN'T DO ALONE. RESIDENCY AT RODNEY SCHEEL HOUSE IS OFFERED WITHOUT REGARD TO RACE, COLOR, RELIGION, GENDER, AGE, SEXUAL ORIENTATION, NATIONAL ORIGIN, OR ANCESTRY. THE RODNEY SCHEEL HOUSE WORKS WITH THE RESIDENTS TO IDENTIFY, OFFER, AND MAKE AFFORDABLE VARIOUS SUPPORT SERVICES THAT ARE APPROPRIATE TO THE INDIVIDUAL'S NEEDS. OUR PHYSICAL ENVIRONMENT OFFERS APARTMENTS DESIGNED AND MAINTAINED TO ACCOMMODATE THE NEEDS OF PERSONS LIVING WITH HIV, THEIR FAMILIES, AND CAREGIVERS. WE ALSO OFFER A WELCOMING COMMUNITY SPACE ALLOWING FOR ACTIVITIES AND COMMUNAL MEALS. WE HAVE A BEAUTIFUL COMMUNITY GARDEN AND WELL-KEPT LANDSCAPING, FURTHER PROMOTING COMMUNITY ACTIVITIES. THERE ARE TWO BUILDINGS, ONE HAVING SIX UNITS, AND THE OTHER HAVING 17 UNITS, WITH A COMMUNITY ROOM AND TWO OFFICES. THERE ARE NINE EFFICIENCY, NINE ONE BEDROOM AND FIVE TWO-BEDROOM UNITS. TO BE ELIGIBLE, RESIDENTS MUST HAVE A MEMBER OF THE HOUSEHOLD LIVING WITH HIV/AIDS AND HAVE A HOUSEHOLD INCOME AT OR BELOW 50% OF THE COUNTY MEDIAN INCOME LEVEL. RENT FOR THESE APARTMENTS CAN BE NO MORE THAN 30% OF THE TENANTS' INCOME, WITH THE REMAINING FUNDS BEING PROVIDED BY RENTAL ASSISTANCE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $221,938
Program Service Revenue $88,783
Investment Income $12,025
Other Revenue $121
TOTAL REVENUE $322,867

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $232,318
Other Expenses $320,834
TOTAL EXPENSES $320,834

Year-over-Year Comparison

2024 2023 Change
Revenue $322,867 $330,661 0.0%
Expenses $320,834 $296,374 +0.1%
Net Income $2,033 $34,287 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE SOLHEIM PRESIDENT 2.00
Officer Director
$0 $0 $0
KAITLIN KONYN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CARLOS MARQUEZ TREASURER & SECRETARY 2.00
Officer Director
$0 $0 $0
PHONG NGUYEN DIRECTOR 1.00
Director
$0 $0 $0
JESSICA REILLY DIRECTOR 1.00
Director
$0 $0 $0
JASON VANGALIS DIRECTOR 1.00
Director
$0 $0 $0
MARIA DAVILA-MARTINEZ DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $322,867 $320,834 $1,190,687 $2,033
2023 $330,661 $296,374 $1,188,675 $34,287
2022 $324,501 $339,996 $1,150,517 $-15,495
2021 $282,763 $313,867 $1,172,767 $-31,104
2020 $292,190 $271,765 $1,186,548 $20,425
2019 $284,730 $331,576 $1,217,596 $-46,846
2018 $298,512 $306,819 $1,220,522 $-8,307
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