SOUTH DAKOTA MULTI-HOUSING ASSOCIA… - 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

1970

Legal Domicile

Principal Officer

DENISE HANZLIK

Phone

6053367756

Tax Period

2023-01-01 to 2023-12-31

SOUTH DAKOTA MULTI-HOUSING ASSOCIATION, founded in 1970, is a small nonprofit that reported $255K in total revenue in fiscal year 2023.

Mission

ADVANCING THE MULTI-HOUSING INDUSTRY BY PROVIDING LEADERSHIP, EDUCATION, ADVOCACY & PARTNERSHIPS.

Program Service Accomplishments

Program 1

IMPROVEMENT OF LANDLORD - TENANT RELATIONSHIPS THROUGH COMMUNICATION AND CONTINUING EDUCATION. THE ASSOCIATION HAS OVER 305 MEMBERS WHO CAN NETWORK AND OBTAIN CONTINUING EDUCATION BY ATTENDING...

IMPROVEMENT OF LANDLORD - TENANT RELATIONSHIPS THROUGH COMMUNICATION AND CONTINUING EDUCATION. THE ASSOCIATION HAS OVER 305 MEMBERS WHO CAN NETWORK AND OBTAIN CONTINUING EDUCATION BY ATTENDING EDUCATION PROGRAMS PROVIDED AT MONTHLY MEETINGS AND EDUCATIONAL CLASSES PRESENTED THROUGH SEMINARS HELD THROUGHOUT THE YEAR.

Program 2

THE ASSOCIATION MONITORS LOCAL, STATE AND NATIONAL RENTAL INDUSTRY ISSUES, TAKING AN ACTIVE ROLE WHENEVER NECESSARY.

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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 $206,232

Investment Income $364

Other Revenue $48,423

TOTAL REVENUE $255,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $262,765

TOTAL EXPENSES $262,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$255,019	$255,561	0.0%
Expenses	$262,765	$242,586	+0.1%
Net Income	$-7,746	$12,975	-1.6%

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

Employees

N/A

Volunteers

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
AMY IBIS	DIRECTOR	0.50	Director	$0	$0	$0
TODD HOLLAN	DIRECTOR	0.50	Director	$0	$0	$0
KIM LEIF	DIRECTOR	0.50	Director	$0	$0	$0
JODY BJORNEBO	CHAIR	0.50	Officer Director	$0	$0	$0
JILL MADSEN	PAST CHAIR	0.50	Officer Director	$0	$0	$0
MELISA ELIJAH	DIRECTOR	0.50	Director	$0	$0	$0
ANDY AINSLIE	DIRECTOR	0.50	Director	$0	$0	$0
SHAWN STORHAUG	DIRECTOR	0.50	Director	$0	$0	$0
LYDIA FREEDON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
TODD TUCKER	DIRECTOR	0.50	Director	$0	$0	$0
JEFF BROOKS	DIRECTOR	0.50	Director	$0	$0	$0
DENISE HANZLIK	EXECUTIVE DIRECTOR	40.00	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
2023	$255,019	$262,765	$119,335	$-7,746
2022	$255,561	$242,586	$124,273	$12,975
2021	$204,003	$173,312	$109,876	$30,691
2020	$186,732	$165,467	$79,085	$21,265
2019	$203,427	$198,953	$64,965	$4,474
2018	$194,931	$187,712	$59,480	$7,219

SOUTH DAKOTA MULTI-HOUSING ASSOCIATION