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← SIOUX RESIDENTIAL SERVICES INC

Form 990 for tax year 2024

Filed by SIOUX RESIDENTIAL SERVICES INC.

Totals

Total revenue
$217,138
Total expenses
$171,679
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$216,103
Investment income
$1,035
Other revenue
$0
Total assets, end of year
$317,349
Total liabilities, end of year
$187,979
Net assets or fund balances, end of year
$129,370
Program services expenses (Part IX)
$123,780
Management and general expenses
$47,899
Fundraising expenses
$0
Program service expenses (Part III)
$123,780

Program services were 72.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: TENANT RENT/ASSISTANCE

    total $214,525 · related or exempt $214,525

  • 2b · Program service revenue: TENANT CHARGES

    total $1,578 · related or exempt $1,578

  • 3 · Investment income

    total $1,035 · excluded $1,035

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $35,788 · program services $11,623 · management and general $24,165

  • 9 · Other employee benefits

    total $3,181 · program services $1,193 · management and general $1,988

  • 10 · Payroll taxes

    total $2,091 · program services $784 · management and general $1,307

  • 11b · Fees: legal

    total $16,856 · management and general $16,856

  • 13 · Office expenses

    total $13,449 · program services $11,011 · management and general $2,438

  • 16 · Occupancy

    total $47,187 · program services $47,187

  • 20 · Interest

    total $10,957 · program services $10,957

  • 22 · Depreciation, depletion and amortization

    total $16,754 · program services $16,754

  • 23 · Insurance

    total $10,832 · program services $10,832

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $14,584 · program services $13,439 · management and general $1,145

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,593 · end of year $25,775

  • 4 · Accounts receivable

    beginning of year $2,564 · end of year $516

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,091 · end of year $1,944

  • 10a · Land, buildings and equipment: cost or other basis

    $1,209,967

  • 10b · Land, buildings and equipment: accumulated depreciation

    $995,425

  • 10c · Land, buildings and equipment, net

    beginning of year $222,096 · end of year $214,542

  • 15 · Other assets

    beginning of year $61,636 · end of year $74,572

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,663 · end of year $68,472

  • 23 · Secured mortgages and notes payable

    beginning of year $149,298 · end of year $91,533

  • 25 · Other liabilities

    beginning of year $27,108 · end of year $27,974

  • 27 · Net assets without donor restrictions

    beginning of year $42,772 · end of year $88,231

  • 28 · Net assets with donor restrictions

    beginning of year $41,139 · end of year $41,139

Mission and programs · 2024

Mission

PROVIDE HOUSING UNITS FOR THE MENTALLY/PHYSICALLY HANDICAPPED.

  • SIOUX RESIDENTIAL SERVICES, INC. OPERATES SUBSIDIZED HOUSING FOR PEOPLE WITH DISABILITIES. THERE WERE 30 INDIVIDUAL TENANTS DURING THE FISCAL YEAR ENDED 6/30/2025. THE INDIVIDUALS SERVED ARE REFERRALS THROUGH STATE AGENCIES SUCH AS VOCATIONAL REHAB, DDD (DIVISION DEVELOPMENTAL DISABILITIES) AND PUBLIC SCHOOL DISTRICTS.THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 202 DIRECT LOAN.

    Expenses $123,780 · Revenue $216,103

As filed on the 2024 return.

Listed in Part VII

  • Bob McNaney

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • Teresa Ward

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jay Soukup

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Marli Schippers

    DIRECTOR UNTIL 12/2024

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Kimberly Nooney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Doug Berkland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Larry Fenton

    DIRECTOR UNTIL 12/2024

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Josh Pauli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Steve Watkins

    LIFESCAPE CEO

    Total calculated
    $442,107
    From this org
    $0
    From related orgs
    $400,377
    Other
    $41,730
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $397,962 related
    Bonus
    $0
    Other
    $0 + $2,415 related
    Deferred
    $0 + $10,098 related
    Nontaxable benefits
    $0 + $32,570 related
    Filer's total
    $0 + $443,045 related

  • Stephan Wilson

    LIFESCAPE CFO

    Total calculated
    $270,433
    From this org
    $0
    From related orgs
    $234,559
    Other
    $35,874
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,034 related
    Bonus
    $0
    Other
    $0 + $1,525 related
    Deferred
    $0 + $7,135 related
    Nontaxable benefits
    $0 + $29,567 related
    Filer's total
    $0 + $271,261 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION RELIED ON A RELATED PARTY, LIFESCAPE, TO DETERMINE COMPENSATION FOR THE CEO AND CFO. LIFESCAPE USES THE METHODS LISTED IN PART I, LINE 3 TO DETERMINE THE COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BEACON APARTMENTS LIMITED PARTNERSHIP

    LOW INCOME HOUSING · SD

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • REHABILITATION MEDICAL SUPPLY

    C · SALES & SERVICE OF DURABLE MEDICAL EQUIPMENT, ORTHOTICS · SD

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202523169349300607

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