MITCHELL AREA HOUSING INC

EIN: 880973960 501(c)(3) Housing & Shelter

MITCHELL, SD

Total Revenue
$175,722
Total Expenses
$136,345
Total Assets
$173,492
Net Assets
$169,228
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
SD
Principal Officer
GERI BECK
Phone
6057702910
Tax Period
2023-10-01 to 2024-09-30

MITCHELL AREA HOUSING INC, founded in 2022, is a small nonprofit in the Housing & Shelter sector that reported $155K in total revenue in fiscal year 2022. The organization ran a surplus of $109K, a strong 70% operating margin.

Mission

PURPOSE IS TO FACILITATE AND ASSIST FAMILIES IN SECURING GOOD QUALITY HOUSING IN MITCHELL, SD AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $137,904
Program Service Revenue $0
Investment Income $1,442
Other Revenue $36,376
TOTAL REVENUE $175,722

Expense Breakdown

Grants Paid $79,860
Salaries & Benefits $50,901
Fundraising Expenses $0
Program Expenses $130,761
Other Expenses $5,584
TOTAL EXPENSES $136,345

Year-over-Year Comparison

2023 2022 Change
Revenue $175,722 $154,879 +0.1%
Expenses $136,345 $46,123 +2.0%
Net Income $39,377 $108,756 -0.6%
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

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Governance

Voting Members
8
Independent Members
8
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
$126,500
Total Directors
8
$126,500
Key Employees
1
$126,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERI BECK SECRETARY/TREASURER 040.00
Officer Director Key Emp
$0 $0 $126,500
TERRY SABERS PRESIDENT 003.00
Officer Director
$0 $0 $0
SKYLAR MICKELSON DIRECTOR 001.00
Director
$0 $0 $0
TERESA STERNHAGEN DIRECTOR 001.00
Director
$0 $0 $0
LEE ANDERSON DIRECTOR 001.00
Director
$0 $0 $0
JACQSON COLLINS DIRECTOR 001.00
Director
$0 $0 $0
JOSH LAWSON DIRECTOR 001.00
Director
$0 $0 $0
HILARY ROCKWELL VICE PRESIDENT 001.00
Officer 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
2024 $175,722 $136,345 $173,492 $39,377
2023 $154,879 $46,123 $311,256 $108,756
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