BICENTENNIAL APARTMENTS INC

EIN: 753146166 501(c)(3) Housing & Shelter

SPEARFISH, SD

Total Revenue
$152,695
Total Expenses
$225,581
Total Assets
$1,291,647
Net Assets
$-881,204
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
WY
Principal Officer
MARGARET RICHARDS
Phone
6056428817
Tax Period
2024-07-01 to 2025-06-30

BICENTENNIAL APARTMENTS INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $121K in total revenue in fiscal year 2018. Expenses of $182K exceeded revenue, resulting in a 51% operating deficit.

Mission

HOUSING IS PROVIDED TO 22 FAMILIES WHO QUALIFIIED AS LOW INCOME ELDERLY UNDER THE HUD GUIDELINES.

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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 $152,542
Investment Income $153
Other Revenue $0
TOTAL REVENUE $152,695

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $196,150
Other Expenses $225,581
TOTAL EXPENSES $225,581

Year-over-Year Comparison

2024 2023 Change
Revenue $152,695 $150,521 +0.0%
Expenses $225,581 $191,717 +0.2%
Net Income $-72,886 $-41,196 +0.8%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANDRA HOLLENBACK SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
JAN BISHOP BOARD MEMBER 1.00
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
2025 $152,695 $225,581 $1,291,647 $-72,886
2024 $150,521 $191,717 $1,366,073 $-41,196
2023 $137,448 $213,356 $1,418,899 $-75,908
2022 $121,135 $192,283 $1,482,567 $-71,148
2021 $126,873 $196,055 $1,549,500 $-69,182
2020 $146,826 $191,765 $1,620,927 $-44,939
2019 $120,657 $182,457 $1,666,226 $-61,800
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