SIOUX FALLS DOWNTOWN GOOD SAMARITA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

NATHAN SCHEMA

Phone

6053331000

Tax Period

2023-01-01 to 2023-12-31

SIOUX FALLS DOWNTOWN GOOD SAMARITAN HOUSING GP INC, founded in 1987, is a micro nonprofit in the Housing & Shelter sector that reported $162K in total revenue in fiscal year 2023. Revenue fell 1619590% from the prior year — a significant decline worth monitoring.

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 Service Accomplishments

Program 1

Expenses: $0 Revenue: $-161,949

THE ORGANIZATION IS ORGANIZED TO BE A SUPPORTING ORGANIZATION OF THE EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY EFFECTIVE JANUARY 1, 2007. THE ORGANIZATION HELPED PROVIDE LOW-INCOME HOUSING TO...

THE ORGANIZATION IS ORGANIZED TO BE A SUPPORTING ORGANIZATION OF THE EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY EFFECTIVE JANUARY 1, 2007. THE ORGANIZATION HELPED PROVIDE LOW-INCOME HOUSING TO ELDERLY AND DISABLED PERSONS THROUGH ITS RELATIONSHIP WITH SIOUX FALLS DOWNTOWN GOOD SAMARITAN HOUSING, LP. THE ORGANIZATION DISCONTINUED ALL ACTIVITIES DURING 2023 AND IS IN THE PROCESS OF DISSOLVING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-161,949

Other Revenue $0

TOTAL REVENUE $-161,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,614

TOTAL EXPENSES $1,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-161,949	$10	-16195.9%
Expenses	$1,614	$1,608	+0.0%
Net Income	$-163,563	$-1,598	+101.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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

$2,174,499

Total Directors

$1,749,536

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC VANDEN HULL	VP; DIRECTOR; TREASURER	0.02	Officer Director	$0	$44,085	$613,975
NATHAN SCHEMA	PRESIDENT; CEO	0.02	Officer Director	$0	$143,523	$993,962
SHANE KNUTSON	DIRECTOR	0.02	Director	$0	$38,987	$141,599
CHAD JUNGMAN	SECRETARY	0.02	Officer	$0	$87,543	$566,562

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
2023	$-161,949	$1,614	No data	$-163,563
2022	$10	$1,608	$171,182	$-1,598
2021	$2,631	$1,611	$171,172	$1,020
2020	$2,193	$1,613	$191,188	$580
2019	$2,193	$1,511	$198,672	$682
2018	$2,192	$3,059	$220,910	$-867

SIOUX FALLS DOWNTOWN GOOD SAMARITAN HOUSING GP INC