To create affordable Housing in the city of Herreid, SD

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
6 of 6
filings with a surplus
Average surplus $54K a year · 28% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Plus $130K in investments, Pt X · Ln 11–13
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
76% of total assets
Worth a look: liabilities are 76% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$199K
-3% vs prior year
Spent
$161K
To programs
98%
Net assets
$394K
By yearFY2020–FY2025
Revenue
$199K
FY2025▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$220K
FY2021$171K
FY2022$144K
FY2023$243K
FY2024$205K
FY2025$199K
Expenses
$161K
FY2025▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$146K
FY2021$131K
FY2022$103K
FY2023$191K
FY2024$122K
FY2025$161K
Net assets
$394K
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$141K
FY2021$181K
FY2022$222K
FY2023$273K
FY2024$356K
FY2025$394K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2016.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $157K Management & general 2% · $4K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Carina Flemmer’s $11K as Treasurer is at the 9th percentile of top reported officer pay among 852 $100K–1M 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.

See Herreid Area Housing Development INC 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 15aNo

Programs and updates

Builds affordable homes for people in Herreid, South Dakota.

Questions for Herreid Area Housing Development INC

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Provided by the organization

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1 program · $157K · in their own filed words · FY2025
01

To create affordable housing in the city of herreid, SD

$157Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$6K
Grants paid · 1 grant · $74K · 2023–2023
City of HerreidFY2023$74,482

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$199K
Ln 12
Fees for servicesLn 2g$153K
Gifts and grantsLn 1h$41K
Investment incomeLn 3$5K
Money outPt IX
$161K
Ln 25
Programscol B$157K
Managementcol C$4K
Owns and owesPt X
$394K
net assets · Ln 32
Cash and savingsLn 1–2$104K
Total assetsLn 16$1.6M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$41K
Government grantsLn 1e$25K
Fees for servicesLn 2g$153K
Investment incomeLn 3$5K
Gains on assetsLn 7$1K
Total revenueLn 12$199K
Assets in detailPt X, end of year
CashLn 1$20K
SavingsLn 2$84K
Cash and savings togetherLn 1–2$104K
InvestmentsLn 11–13$130K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$1.6M
LiabilitiesLn 26$1.2M
Net assetsLn 32$394K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$106K$104K
InvestmentsLn 11–13$118K$130K
Land, buildings, equipmentLn 10c$1.4M$1.4M
Total assetsLn 16$1.7M$1.6M
LiabilitiesLn 26$1.3M$1.2M
Net assetsLn 32$356K$394K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$126$126
Accounting feesLn 11c$350$350
Office expensesLn 13$96$96
OccupancyLn 16$34K$34K
InterestLn 20$20K$17K$3K
Depreciation, depletion and amortizationLn 22$64K$64K
Other expenses (24a–d)Ln 24$32K$32K
All other expensesLn 24e$11K$11K$225
Total functional expensesLn 25$161K$157K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $199K$161K$38K$394K 990 PDF
FY2024 $205K$122K$83K$356K 990 PDF
FY2023 $243K$191K$51K$273K 990 PDF
FY2022 $144K$103K$41K$222K 990 PDF
FY2021 $171K$131K$40K$181K 990 PDF
FY2020 $220K$146K$73K$141K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $199,381 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,082$41,463
I-9 Program service revenuePrior year $137,359$153,150
I-10 Investment incomePrior year $9,343$4,768
I-11 Other revenuePrior year $8,455$0
I-12 Total revenuePrior year $205,239$199,381
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $122,190$160,988
I-18 Total expensesPrior year $122,190$160,988
I-19 Revenue less expensesPrior year $83,049$38,393
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $199,381 across 7 lines filed
VIII-1e Government grants$24,984
VIII-1f All other contributions, gifts and grants$16,479
VIII-1h Total contributions, gifts and grants$41,463
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $153,150$153,150
VIII-3 Investment incomeRelated to mission $3,302$3,302
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,466$1,466
VIII-12 Total revenueRelated to mission $157,918$199,381
Part IX · Statement of functional expenses $160,988 across 8 lines filed
IX-11b Legal feesManagement $126$126
IX-11c Accounting feesManagement $350$350
IX-13 Office expensesManagement $96$96
IX-16 OccupancyPrograms $33,541$33,541
IX-20 InterestPrograms $17,146 · Management $2,851$19,997
IX-22 Depreciation, depletion and amortizationPrograms $64,111$64,111
IX-24 Other expenses (24a–d)Programs $31,772$31,772
IX-24e All other expensesPrograms $10,770 · Management $225$10,995
IX-25 Total functional expensesPrograms $157,340 · Management $3,648 · Fundraising $0$160,988
Part X · Balance sheet $1,643,266 assets, 11 lines filed
Asset lines not itemized here account for $2,780; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $25,004$20,059
X-2 Savings and temporary cash investmentsStart of year $80,607$84,108
X-10c Land, buildings and equipment, netStart of year $1,446,244$1,405,962
X-11 Publicly traded securitiesStart of year $118,449$130,357
X-16 Total assetsStart of year $1,678,448$1,643,266
X-24 Unsecured notes and loans payableStart of year $1,308,447$1,236,352
X-25 Other liabilitiesStart of year $14,025$12,545
X-26 Total liabilitiesStart of year $1,322,472$1,248,897
X-27 Net assets without donor restrictionsStart of year $355,976$394,369
X-32 Total net assets or fund balancesStart of year $355,976$394,369
X-33 Total liabilities and net assetsStart of year $1,678,448$1,643,266
Part XI · Reconciliation of net assets $394,369 net assets at year end
XI-1 Total revenue$199,381
XI-2 Total expenses$160,988
XI-3 Revenue less expenses$38,393
XI-4 Net assets at start of year$355,976
XI-10 Net assets at end of year$394,369

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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