Prairie West Apartments Inc

EIN: 873163621 501(c)(3) Housing & Shelter

Lemmon, SD

Total Revenue
$166,643
Total Expenses
$117,722
Total Assets
$690,931
Net Assets
$674,949
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
SD
Phone
6053745963
Tax Period
2024-10-01 to 2025-09-30

Prairie West Apartments Inc, founded in 2022, is a small nonprofit in the Housing & Shelter sector that reported $619K in total revenue in fiscal year 2021. The organization ran a surplus of $545K, a strong 88% operating margin.

Mission

To provide housing for low income individuals and families

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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 $111,739
Program Service Revenue $54,904
Investment Income $0
Other Revenue $0
TOTAL REVENUE $166,643

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $105,043
Other Expenses $117,722
TOTAL EXPENSES $117,722

Year-over-Year Comparison

2024 2023 Change
Revenue $166,643 $154,646 +0.1%
Expenses $117,722 $110,261 +0.1%
Net Income $48,921 $44,385 +0.1%
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
4
Independent Members
4
Employees
N/A
Volunteers
5

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
$56,804
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cathy Evans Executive Director 4.00
Officer
$0 $0 $56,804
Tim Kvale President 1.00
Officer
$0 $0 $0
Michael Van Beek Vice President 1.00
Officer
$0 $0 $0
Deloris Wells Member 1.00
Director
$0 $0 $0
Jaden Schockley 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 $166,643 $117,722 $690,931 $48,921
2024 $154,646 $110,261 $638,267 $44,385
2023 $156,463 $119,842 $588,031 $36,621
2022 $618,912 $73,990 $548,545 $544,922
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