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Simadon Corporation FY2024 filing

Tax-deductible

Goshen, IN501(c)(3)HousingEIN 20-8473080Revenue $123K in FY2024

On file with the IRSPo Box 809, 46527-0809 · Goshen, INTax-exempt since Jun 2007Publicly supported — 509(a)(2)

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Simadon Corporation (an indiana not-for-profit Corporation) (the Corporation) was organized to construct, own and operate a 15 unit group home for persons disabled as a result of a chronic illness. Residents suffering from serious mental illness are provided places to live which offer a 24 hour supportive environment. The facility provides support, medication monitoring, and life skills enhancement. Located in south bend, indiana IT is known as river court apartments and operates pursuant to section 811 of the national affordable housing act, as amended. The Corporation has executed a regulatory agreement with hud which governs the operation of the community with the federal housing administration (fha) section of hud. The Corporation has also entered into a project rental assistance contract (prac contract) with hud. The prac contract is a rent assistance program for low-income families (or persons) as provided by the section 8 program of the national housing act.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $22K a year · 18% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$52K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 17 voting members
Looks good: 15 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$123K
+4% vs prior year
Spent
$141K
To programs
63%
Net assets
$897K
By yearFY2021–FY2025
Revenue
$123K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$115K
FY2022$112K
FY2023$118K
FY2024$123K
FY2025$130K
Expenses
$141K
FY2024+0.4%
Tap a bar for its year
Expenses by fiscal year
FY2021$137K
FY2022$137K
FY2023$141K
FY2024$141K
FY2025$153K
Net assets
$897K
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2021$963K
FY2022$938K
FY2023$915K
FY2024$897K
FY2025$874K

From the FY2024 Form 990 (year ending June 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $89K Management & general 37% · $52K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Laurie N Nafziger
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ken Hochstetler
Vice Chair
$0Pt VII · Sec A
Mike Yoder
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Marion Fulce
Assistant Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Simadon Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides supportive housing and life skills for individuals with chronic illness and serious mental illness.

Provided by the organization

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1 program · $89K · in their own filed words · FY2023
01

Simadon corporation (an indiana not-for-profit corporation) (the corporation) was organized to construct, own and operate a 15 unit group home for persons disabled as a result of a chronic illness. Residents suffering from serious mental illness are provided places to live which offer a 24 hour supportive environment.

$89Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$123K
Ln 12
Gifts and grantsLn 1h$66K
Fees for servicesLn 2g$55K
Other incomeLn 4–11$2K
Money outPt IX
$141K
Ln 25
Programscol B$89K
Managementcol C$52K
Owns and owesPt X
$897K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$949K
LiabilitiesLn 26$52K
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$66K
Government grantsLn 1e$66K
Fees for servicesLn 2g$55K
Investment incomeLn 3$101
Other incomeLn 4–11$2K
Total revenueLn 12$123K
Assets in detailPt X, end of year
CashLn 1$28K
Cash and savings togetherLn 1–2$28K
InvestmentsLn 11–13$50K
Land, buildings, equipmentLn 10c$865K
Other assetsLn 15$4K
Total assetsLn 16$949K
LiabilitiesLn 26$52K
Net assetsLn 32$897K
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$8K$28K
InvestmentsLn 11–13$45K$50K
Land, buildings, equipmentLn 10c$885K$865K
Total assetsLn 16$944K$949K
LiabilitiesLn 26$29K$52K
Net assetsLn 32$915K$897K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$13K$13K
Legal feesLn 11b$500$500
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$99$99
Office expensesLn 13$8K$8K
OccupancyLn 16$49K$49K
TravelLn 17$662$662
Depreciation, depletion and amortizationLn 22$35K$35K
InsuranceLn 23$4K$4K$175
Other expenses (24a–d)Ln 24$23K$23K
Total functional expensesLn 25$141K$89K$52K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $130K$153K−$23K$874K 990 PDF
FY2024 Viewing $123K$141K−$18K$897K 990 PDF
FY2023 $118K$141K−$22K$915K 990 PDF
FY2022 $112K$137K−$25K$938K 990 PDF
FY2021 $115K$137K−$22K$963K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $122,703 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $69,122$65,547
I-9 Program service revenuePrior year $47,036$55,385
I-10 Investment incomePrior year $61$101
I-11 Other revenuePrior year $1,932$1,670
I-12 Total revenuePrior year $118,151$122,703
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $140,537$141,063
I-18 Total expensesPrior year $140,537$141,063
I-19 Revenue less expensesPrior year −$22,386−$18,360
Part VI · Governance 15 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $122,703 across 6 lines filed
VIII-1e Government grants$65,547
VIII-1h Total contributions, gifts and grants$65,547
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,385$55,385
VIII-3 Investment incomeExcluded from tax $101$101
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,670$1,670
VIII-12 Total revenueRelated to mission $55,385 · Unrelated business $0 · Excluded from tax $1,771$122,703
Part IX · Statement of functional expenses $141,063 across 10 lines filed
IX-11a Management feesManagement $12,531$12,531
IX-11b Legal feesManagement $500$500
IX-11c Accounting feesManagement $7,211$7,211
IX-12 Advertising and promotionManagement $99$99
IX-13 Office expensesManagement $8,223$8,223
IX-16 OccupancyPrograms $49,433$49,433
IX-17 TravelManagement $662$662
IX-22 Depreciation, depletion and amortizationPrograms $34,992$34,992
IX-23 InsurancePrograms $4,285 · Management $175$4,460
IX-24 Other expenses (24a–d)Management $22,952$22,952
IX-25 Total functional expensesPrograms $88,710 · Management $52,353 · Fundraising $0$141,063
Part X · Balance sheet $948,628 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $7,738$28,481
X-4 Accounts receivableStart of year $1,963$1,555
X-9 Prepaid expenses and deferred chargesStart of year $1,147$99
X-10c Land, buildings and equipment, netStart of year $885,463$865,131
X-13 Program-related investmentsStart of year $44,968$49,782
X-15 Other assetsStart of year $3,090$3,580
X-16 Total assetsStart of year $944,369$948,628
X-17 Accounts payable and accrued expensesStart of year $7,774$28,705
X-25 Other liabilitiesStart of year $21,116$22,804
X-26 Total liabilitiesStart of year $28,890$51,509
X-27 Net assets without donor restrictionsStart of year $915,479$897,119
X-32 Total net assets or fund balancesStart of year $915,479$897,119
X-33 Total liabilities and net assetsStart of year $944,369$948,628
Part XI · Reconciliation of net assets $897,119 net assets at year end
XI-1 Total revenue$122,703
XI-2 Total expenses$141,063
XI-3 Revenue less expenses−$18,360
XI-4 Net assets at start of year$915,479
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$897,119

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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