HERREID AREA HOUSING DEVELOPMENT

EIN: 813983000 501(c)(3) Housing & Shelter

HERREID, SD

Total Revenue
$199,381
Total Expenses
$160,988
Total Assets
$1,643,266
Net Assets
$394,369
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
SD
Principal Officer
DICK WERNER
Phone
6054372612
Tax Period
2025-01-01 to 2025-12-31

HERREID AREA HOUSING DEVELOPMENT, founded in 2016, is a micro nonprofit in the Housing & Shelter sector that reported $61K in total revenue in fiscal year 2019. Expenses of $54K left a modest 12% surplus.

Mission

TO CREATE AFFORDABLE HOUSING IN THE CITY OF HERREID, SD

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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 (2025)

Revenue Breakdown

Contributions & Grants $41,463
Program Service Revenue $153,150
Investment Income $4,768
Other Revenue $0
TOTAL REVENUE $199,381

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $157,340
Other Expenses $160,988
TOTAL EXPENSES $160,988

Year-over-Year Comparison

2025 2024 Change
Revenue $199,381 $205,239 0.0%
Expenses $160,988 $122,190 +0.3%
Net Income $38,393 $83,049 -0.5%
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
5
Independent Members
5
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARINA FLEMMER TREASURER N/A
Officer
$0 $0 $0
NICOLE MEIER VICE PRESIDE N/A
Officer
$0 $0 $0
DEB SCHUETZLE SECRETARY N/A
Officer
$0 $0 $0
ROBERT WEISBECK DIRECTOR N/A
Officer
$0 $0 $0
DICK WERNER PRESIDENT N/A
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 $199,381 $160,988 $1,643,266 $38,393
2024 $205,239 $122,190 $1,678,448 $83,049
2023 $242,538 $191,154 $1,287,775 $51,384
2022 $143,789 $103,270 $1,355,387 $40,519
2021 $171,124 $131,424 $1,421,996 $39,700
2020 $219,599 $146,322 $980,983 $73,277
2019 $61,263 $54,147 $258,933 $7,116
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