RAPID CITY GOOD SAMARITAN HOUSING GP INC

EIN: 461579750 501(c)(3) Housing & Shelter

SIOUX FALLS, SD

Total Revenue
$-112,734
Total Expenses
$1,762
Total Assets
$43
Net Assets
$43
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
SD
Principal Officer
NATHAN SCHEMA
Phone
6053331000
Tax Period
2023-01-01 to 2023-12-31

RAPID CITY GOOD SAMARITAN HOUSING GP INC, founded in 2012, is a micro nonprofit in the Housing & Shelter sector that reported $113K in total revenue in fiscal year 2023. Revenue fell 1912% 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: $-113,349

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...

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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 RAPID CITY 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,639
Investment Income $-115,416
Other Revenue $43
TOTAL REVENUE $-112,734

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,762
TOTAL EXPENSES $1,762

Year-over-Year Comparison

2023 2022 Change
Revenue $-112,734 $6,221 -19.1%
Expenses $1,762 $1,608 +0.1%
Net Income $-114,496 $4,613 -25.8%
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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Governance

Voting Members
3
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
3
$2,174,499
Total Directors
3
$1,749,536
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC VANDEN HULL VP; TREAS; DIRECTOR 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 $-112,734 $1,762 $43 $-114,496
2022 $6,221 $1,608 $546,863 $4,613
2021 $5,800 $1,773 $540,861 $4,027
2020 $5,796 $1,611 $539,300 $4,185
2019 $5,640 $1,765 $526,944 $3,875
2018 $5,441 $3,097 $531,710 $2,344
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