Shalom Tower Two INC: FY2024 Nonprofit Profile & Form 990 (EIN 42-1135447)

Revenue by fiscal year
FY2020	$457K
FY2021	$374K
FY2022	$342K
FY2023	$345K
FY2024	$314K
FY2025	$287K

Expenses by fiscal year
FY2020	$322K
FY2021	$310K
FY2022	$262K
FY2023	$313K
FY2024	$326K
FY2025	$326K

Net assets by fiscal year
FY2020	$764K
FY2021	$828K
FY2022	$907K
FY2023	$939K
FY2024	$927K
FY2025	$888K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1980.

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

Part of a larger organization · Schedule R

Shalom Tower Two INC files its own Form 990, but Schedule R discloses 3 related entities — figures on this page are for this EIN only, not the whole group.

Good Shepherd Geriatric Center INC · Good Shepherd Telephone Reassurance INC · Prairie Place on 1st INC · See Schedule R

Combined filings · FY2024 · 4 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 1% of group revenue.

Group revenue

$22.7M

Group expenses

$22.4M

Group net assets

$51.0M

Good Shepherd Geriatric Center INC · $22.0M rev · $49.8M net assets

Good Shepherd Telephone Reassurance INC · $56K rev · $112K net assets

Prairie Place on 1st INC · $270K rev · $129K net assets

Where the money goes

65 cents of each dollar spent went to programs.

65%

35%

Program services 65% · $211K Management & general 35% · $114K

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

Something off? Claim to add context

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

Scott Smed

Chairperson

$0Pt VII · Sec A

Kathryn Alden

Vice Chair Thru 11/23

$0Pt VII · Sec A

Kirk Paulson

Sec/Treas Thru 11/23

$0Pt VII · Sec A

David Ruen

Vice Chair Eff 12/23

$0Pt VII · Sec A

Tyler Schaefer

Sec/Treas Eff 11/23

$0Pt VII · Sec A

Connie Bleile

Director

$0Pt VII · Sec A

Greg Braun

Director

$0Pt VII · Sec A

Amy Dixon

Director

$0Pt VII · Sec A

See Shalom Tower Two INC executive salaries →

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 15aNo

Programs and updates

Provides affordable apartments for elderly and disabled individuals.

Questions for Shalom Tower Two INC

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1 program · $211K · in their own filed words · FY2023

01

Apartment rentals for elderly and disabled individuals (hud project) - 48 apts

$211Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Sep 2019 · $879K federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$564K

Rent Supplements_rental Housing for Lower Income FamiliesDepartment of Housing and Urban Development · ALN 14.149 · Direct$306K

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$9K

The auditor reported no findings.

Year ending Sep 2018 · $875K federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$564K

Rent Supplements_rental Housing for Lower Income FamiliesDepartment of Housing and Urban Development · ALN 14.149 · Direct$310K

The auditor reported no findings.

Year ending Sep 2017 · $1.0M federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$692K

Rent Supplements_rental Housing for Lower Income FamiliesDepartment of Housing and Urban Development · ALN 14.149 · Direct$314K

The auditor reported no findings.

Year ending Sep 2016 · $1.1M federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$812K

Rent Supplements_rental Housing for Lower Income FamiliesDepartment of Housing and Urban Development · ALN 14.149 · Direct$302K

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$3K

The auditor reported 1 finding.

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$314K

Ln 12

Fees for servicesLn 2g$165K

Gifts and grantsLn 1h$146K

Investment incomeLn 3$2K

Money outPt IX

$326K

Ln 25

Programscol B$211K

Managementcol C$114K

Owns and owesPt X

$927K

net assets · Ln 32

Cash and savingsLn 1–2$887K

Total assetsLn 16$1.0M

LiabilitiesLn 26$87K

PeoplePt VI, VII

24

listed · VII A

PaidVII A0

Voting boardVI 1a16

IndependentVI 1b16

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$146K

Government grantsLn 1e$146K

Fees for servicesLn 2g$165K

Investment incomeLn 3$2K

Total revenueLn 12$314K

Assets in detailPt X, end of year

CashLn 1$39K

SavingsLn 2$848K

Cash and savings togetherLn 1–2$887K

Accounts receivableLn 4$11K

Prepaid expenses and deferred chargesLn 9$49

Land, buildings, equipmentLn 10c$115K

Total assetsLn 16$1.0M

LiabilitiesLn 26$87K

Net assetsLn 32$927K

OperationsPt I, VI

EmployeesI 50

VolunteersI 615

Fiscal year endsHeaderSeptember

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$918K	$887K
Land, buildings, equipmentLn 10c	$117K	$115K
Total assetsLn 16	$1.0M	$1.0M
LiabilitiesLn 26	$102K	$87K
Net assetsLn 32	$939K	$927K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$20K		$20K
Legal feesLn 11b	$811		$811
Accounting feesLn 11c	$11K		$11K
Other fees for servicesLn 11g	$115K	$57K	$58K
Advertising and promotionLn 12	$2K		$2K
Office expensesLn 13	$2K		$2K
Information technologyLn 14	$5K		$5K
OccupancyLn 16	$99K	$99K
Conferences, conventions and meetingsLn 19	$548		$548
Depreciation, depletion and amortizationLn 22	$22K	$22K
InsuranceLn 23	$22K	$22K
Other expenses (24a–d)Ln 24	$28K	$12K	$16K
Total functional expensesLn 25	$326K	$211K	$114K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Aug 4, 2026	$287K	$326K	−$39K	$888K	990 PDF
FY2024 ViewingFiled with the IRS Aug 1, 2025	$314K	$326K	−$12K	$927K	990 PDF
FY2023Filed with the IRS Aug 13, 2024	$345K	$313K	$31K	$939K	990 PDF
FY2022Filed with the IRS Aug 5, 2023	$342K	$262K	$80K	$907K	990 PDF
FY2021Filed with the IRS Jul 7, 2022	$374K	$310K	$63K	$828K	990 PDF
FY2020Filed with the IRS Aug 16, 2021	$457K	$322K	$135K	$764K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $313,588 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $198,020$146,482

I-9 Program service revenuePrior year $145,594$165,467

I-10 Investment incomePrior year $1,203$1,639

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $344,817$313,588

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 $313,380$325,804

I-18 Total expensesPrior year $313,380$325,804

I-19 Revenue less expensesPrior year $31,437−$12,216

Part VI · Governance 16 of 16 board members independent, 1 to look at

VI-1a Voting members of the governing body16

VI-1b Independent voting members16

VI-15a Process for setting top official's payNo

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

Part VIII · Statement of revenue $313,588 across 5 lines filed

VIII-1e Government grants$146,482

VIII-1h Total contributions, gifts and grants$146,482

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $165,467$165,467

VIII-3 Investment incomeExcluded from tax $1,639$1,639

VIII-12 Total revenueRelated to mission $165,467 · Unrelated business $0 · Excluded from tax $1,639$313,588

Part IX · Statement of functional expenses $325,804 across 12 lines filed

IX-11a Management feesManagement $19,812$19,812

IX-11b Legal feesManagement $811$811

IX-11c Accounting feesManagement $10,605$10,605

IX-11g Other fees for servicesPrograms $56,517 · Management $58,152$114,669

IX-12 Advertising and promotionManagement $2,246$2,246

IX-13 Office expensesManagement $1,693$1,693

IX-14 Information technologyManagement $4,948$4,948

IX-16 OccupancyPrograms $98,802$98,802

IX-19 Conferences, conventions and meetingsManagement $548$548

IX-22 Depreciation, depletion and amortizationPrograms $21,710$21,710

IX-23 InsurancePrograms $22,031$22,031

IX-24 Other expenses (24a–d)Programs $12,323 · Management $15,606$27,929

IX-25 Total functional expensesPrograms $211,383 · Management $114,421 · Fundraising $0$325,804

Part X · Balance sheet $1,013,542 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $80,542$39,471

X-2 Savings and temporary cash investmentsStart of year $837,563$847,985

X-4 Accounts receivableStart of year $5,601$10,698

X-9 Prepaid expenses and deferred chargesStart of year $49$49

X-10c Land, buildings and equipment, netStart of year $116,613$115,339

X-16 Total assetsStart of year $1,040,368$1,013,542

X-17 Accounts payable and accrued expensesStart of year $19,985$13,588

X-25 Other liabilitiesStart of year $81,599$73,386

X-26 Total liabilitiesStart of year $101,584$86,974

X-27 Net assets without donor restrictionsStart of year $938,784$926,568

X-32 Total net assets or fund balancesStart of year $938,784$926,568

X-33 Total liabilities and net assetsStart of year $1,040,368$1,013,542

Part XI · Reconciliation of net assets $926,568 net assets at year end

XI-1 Total revenue$313,588

XI-2 Total expenses$325,804

XI-3 Revenue less expenses−$12,216

XI-4 Net assets at start of year$938,784

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$926,568

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

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Shalom Tower Two INC FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Shalom Tower Two INC

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV

Shalom Tower Two INC FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Shalom Tower Two INC

Funders

Federal money

Related Organizations

By the numbers

Filing history

Schedules filed Part IV