Sheltering Tree INC EIN 03-0605993

Sheltering Tree INC FY2023 filing

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Builds affordable homes for people with disabilities. For fiscal year 2023 it reported $2.4M in revenue, $664K in expenses, and $7.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Papillion, NE
Website
www.shelteringtreecommunity.org
Filings
5 on file (2020–2023)
Revenue
$2.4MFY2023
Expenses
$664K
Net assets
$7.2M
People
19
Filings
5
Updates
0
More identity details & actions ⌄
EIN  03-0605993 Public charity (501(c)(3)) Papillion, NE
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/31/26 · see original: IRS
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Size
$1–10M
What they do
Builds affordable homes for people with disabilities.
Leadership
Denise Gehringer · Executive Director · $114K
Money in and out
$2.4M revenue, $664K expenses
Bottom line
76% program efficiency
Where the money goes · FY2023
Total revenue
$2.4M
Pt VIII · Ln 12
Total expenses
$664K
Pt IX · Ln 25
Net assets
$7.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.7M
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.16 Fundraising $0.08
Program efficiency
76%
of spending reaches programs
Operating runway
29.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+72%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$2.4M
FY2023▲ +143%
Expenses
$664K
FY2023▲ +59%
Total assets
$7.2M
FY2023▲ +31%
Total liabilities
$16K
FY2023▼ -31%
Total revenue
$2.4M
Pt VIII · Ln 12
Total expenses
$664K
Pt IX · Ln 25
Net assets
$7.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.7M
Total assetsPt X · Ln 16$7.2M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

1 program service account for $506K of program spending, described in the organization's own filed words · FY2023.
01

The organization is dedicated to building affordable, quality, safe, apartment communities to help adults with developmental disabilities achieve maximum independence, lead productive and fulfilling lives, build friendships, belong to and contribute to the greater community in which they live.

$506Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSheltering Tree INC
EINHdr · item D03-0605993
Principal addressHdr · item CPapillion, NE
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L99)
Ruling yearIRS BMFJul 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$114,228Pt VII · Sec A
Corporate Treasurer
$84,705Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Secretary Thru 02/23
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Denise Gehringer’s $130K as Chief Executive Officer is at the 59th percentile of top reported officer pay among 2025 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Denise Gehringer$130,026$114,228$83,386$75,250$65,000
Anne Carter$79,727$84,705$42,819$24,000$12,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$2.1M · 88%
Investment income$200K · 8%
Program service revenue$155K · 7%
Contributions & grants88%$2.1M
Investment income8%$200K
Program service revenue7%$155K
Total revenueLn 12$2.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.16 Fundraising $0.08
Program services76%$506K
Management & general16%$105K
Fundraising8%$54K
Total functional expensesLn 25$664K

Balance Sheet

Part X · end of year
CashLn 1$1.3M
Total assetsLn 16$7.2M
Total liabilitiesLn 26$16K
Total net assetsLn 32$7.2M
Months of cash on handcomputed23.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses (Pt IX) $664K · Less non-cash grants $36K · Cash operating expenses/yr $629K
29.9 months
Where the money goes
Program services
Program services $506K · Total expenses $664K
76%
Management & General
Management & general $105K · Total expenses $664K
16%
Fundraising
Fundraising $54K · Total expenses $664K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $41K · Solicited contributions (3-yr avg) $1.5M
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.1M · Total revenue $2.4M
88%
Government reliance
Government grants — · Total revenue $2.4M
Earned-income share
Program service revenue $155K · Total revenue $2.4M
7%
Investment reliance
Investment income $200K · Total revenue $2.4M
+8%
Program self-sufficiency
Program service revenue $155K · Total expenses $664K
23%
Growth & trend
Revenue growth (YoY)
This year $2.4M · Prior year $970K
+143%
Net-asset trend (YoY)
End of year $7.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.4M · Expenses $664K
+72%
Liabilities-to-Assets
Total liabilities — · Total assets $7.2M
Net-asset ratio
Net assets $7.2M · Total assets $7.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $260K · Total assets (Pt X, ln 16) $7.2M
4%
People & payroll
Highest Reported Total Compensation
Individual Denise Gehringer · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $114K · Total expenses $664K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $343K · Total expenses $664K
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 16%
Fundraising cost ratio 3%
Revenue growth 143%
Legal fee ratio 0.5%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$35K
Grants paid · 6 grants · $350K · 2020–2024
7400 Military AveFY2020$19,305

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.7M revenue · ⤓ 990 PDF
FY2023$2.4M revenue · viewing · ⤓ 990 PDF
FY2022$970K revenue · ⤓ 990 PDF
FY2021$1.6M revenue · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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