AFFORDABLE HOUSING SOLUTIONS INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

LARISSA DEEDRICH

Phone

6053320704

Tax Period

2024-10-01 to 2025-09-30

AFFORDABLE HOUSING SOLUTIONS INC, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $302K in total revenue in fiscal year 2024. Revenue surged 118% from the prior year, signaling strong growth momentum. Expenses of $671K exceeded revenue, resulting in a 122% operating deficit.

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.

Program Service Accomplishments

Program 1

Expenses: $390,470 Revenue: $284,662

PROMOTION AND ADVANCEMENT OF HOUSING PROJECTS AND RELATED FACILITIES FOR THE RESIDENTS OF SIOUX FALLS, SOUTH DAKOTA

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $92,000

Program Service Revenue $280,750

Investment Income $-74,638

Other Revenue $3,912

TOTAL REVENUE $302,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $390,470

Other Expenses $671,302

TOTAL EXPENSES $671,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,024	$138,771	+1.2%
Expenses	$671,302	$610,891	+0.1%
Net Income	$-369,278	$-472,120	-0.2%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE SMITH	MEMBER	1.00	Director	$0	$0	$0
DAVID KING	MEMBER (LEFT 9/2025)	1.00	Director	$0	$0	$0
MIKE HAUCK	MEMBER (LEFT 9/2025)	1.00	Director	$0	$0	$0
JEREMY KECKLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DIXIE HIEB	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS MOORE	MEMBER (LEFT 9/2025)	1.00	Director	$0	$0	$0
NICK BROWN	SECRETARY	1.00	Officer Director	$0	$0	$0
JANEAN MICHALOV	MEMBER	1.00	Director	$0	$0	$0
TYLER ARENS	MEMBER	1.00	Director	$0	$0	$0
KELLEN ERPENBACH	MEMBER	1.00	Director	$0	$0	$0
MATT CAIN	MEMBER	1.00	Director	$0	$0	$0
LARISSA DEEDRICH	EXECUTIVE DIRECTOR	1.00	Officer	$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
2025	$302,024	$671,302	$8,452,827	$-369,278
2024	$138,771	$610,891	$7,868,115	$-472,120
2023	$358,725	$618,648	$6,153,266	$-259,923
2022	$509,324	$635,346	$4,833,265	$-126,022
2021	$640,267	$662,905	$4,382,029	$-22,638
2020	$597,712	$704,146	$7,010,324	$-106,434
2019	$753,595	$740,120	$7,767,544	$13,475
2018	$458,047	$615,918	$6,909,383	$-157,871