HUDSON HOUSING CORPORATION

EIN: 460349132 501(c)(3) Housing & Shelter

SIOUX FALLS, SD

Total Revenue
$81,799
Total Expenses
$71,687
Total Assets
$300,507
Net Assets
$-191,197
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
SD
Principal Officer
ALAN MILLER
Tax Period
2024-01-01 to 2024-12-31

HUDSON HOUSING CORPORATION, founded in 1971, is a micro nonprofit in the Housing & Shelter sector that reported $59K in total revenue in fiscal year 2018. The organization ran a surplus of $12K, a strong 21% operating margin.

Mission

SOLE PURPOSE IS TO PROVIDE HOUSING FOR LOW INCOME INDIVIDUALS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $78,958
Investment Income $2,841
Other Revenue $0
TOTAL REVENUE $81,799

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,969
Fundraising Expenses $0
Program Expenses $71,687
Other Expenses $67,718
TOTAL EXPENSES $71,687

Year-over-Year Comparison

2024 2023 Change
Revenue $81,799 $77,879 +0.1%
Expenses $71,687 $61,544 +0.2%
Net Income $10,112 $16,335 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
1
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON LARSON VICE PRESIDENT DIRECTOR 0.00
Director
$0 $0 $0
JARED ANDERSON DIRECTOR 0.00
Director
$0 $0 $0
ALAN MILLER PRESIDENT DIRECTOR 1.00
Officer Director
$0 $0 $0
PAUL SERCK TREASURER DIRECTOR 0.00
Officer Director
$0 $0 $0
RUSS HAZEL SECRETARY DIRECTOR 0.00
Officer 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 $81,799 $71,687 $300,507 $10,112
2023 $77,879 $61,544 $328,757 $16,335
2022 $69,776 $54,358 $317,812 $15,418
2021 $68,969 $60,159 $383,109 $8,810
2020 $58,453 $50,990 $381,086 $7,463
2019 $59,130 $50,675 $380,277 $8,455
2018 $58,670 $46,496 $444,292 $12,174
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