Form 990 for tax year 2024
Filed by CAPITAL AREA HOUSING CORPORATION.
Totals
- Total revenue
- $93,438
- Total expenses
- $100,127
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $59,815
- Investment income
- -$33,865
- Other revenue
- $67,488
- Total assets, end of year
- $388,329
- Total liabilities, end of year
- $592,023
- Net assets or fund balances, end of year
- -$203,694
- Program services expenses (Part IX)
- $82,184
- Management and general expenses
- $17,943
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $82,184
Program services were 82.1% 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: RENTAL REVENUE
total $57,598 · related or exempt $57,598
-
2b · Program service revenue: RETURNS & REFUNDS
total $2,217 · related or exempt $2,217
-
3 · Investment income
total $35 · excluded $35
-
7b · Less cost or other basis and sales expenses
other assets $33,900
-
7c · Gain or loss
other assets -$33,900
-
7d · Net gain or loss
total -$33,900 · related or exempt -$33,900
-
11a · Other revenue: INSURANCE PROCEEDS
total $67,488 · related or exempt $67,488
-
11e · Other revenue, total
$67,488
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $2,200 · management and general $2,200
-
11a · Fees: management
total $7,316 · management and general $7,316
-
11c · Fees: accounting
total $3,190 · management and general $3,190
-
11g · Fees: other
total $1,470 · management and general $1,470
-
13 · Office expenses
total $48 · management and general $48
-
14 · Information technology
total $2,767 · management and general $2,767
-
16 · Occupancy
total $19,669 · program services $18,823 · management and general $846
-
20 · Interest
total $10,224 · program services $10,224
-
22 · Depreciation, depletion and amortization
total $24,314 · program services $24,314
-
23 · Insurance
total $4,977 · program services $4,977
-
24a · Other expenses: MAINTENANCE
total $23,846 · program services $23,846
-
24b · Other expenses: TELEPHONE
total $106 · management and general $106
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $15,586 · end of year $3,661
-
10a · Land, buildings and equipment: cost or other basis
$970,537
-
10b · Land, buildings and equipment: accumulated depreciation
$645,893
-
10c · Land, buildings and equipment, net
beginning of year $301,117 · end of year $324,644
-
15 · Other assets
beginning of year $69,366 · end of year $60,024
-
17 · Accounts payable and accrued expenses
beginning of year $108,303 · end of year $145,171
-
19 · Deferred revenue
beginning of year $1,908 · end of year $2,732
-
23 · Secured mortgages and notes payable
beginning of year $465,208 · end of year $444,120
-
27 · Net assets without donor restrictions
beginning of year -$189,350 · end of year -$203,694
Mission and programs · 2024
Mission
PROVIDE AFFORDABLE HOUSING TO TENANTS WHOSE INCOME MEETS A GUIDELINE SET BY HUD OR RURAL DEVELOPMENT.
Activities or mission (Part I)
TO PROVIDE LOW INCOME HOUSING TO QUALIFIED TENANTS.
-
PROVIDE AFFORDABLE HOUSING TO TENANTS WHOSE INCOME MEETS A GUIDELINE SET BY HUD OR RURAL DEVELOPMENT. BETTY'S PLACE IS A 12-UNIT APARTMENT PROJECT FOR THE ELDERLY LOCATED IN PIERRE, SD AND IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE US DEPT OF HOUSING AND URBAN DEVELOPMENT (HUD). BRIDGEWAY II IS AN 8-UNIT APARTMENT PROJECT LOCATED IN PIERRE, SD FOR CLIENTS OF CAPITAL AREA COUNSELING SERVICES, INC. BRIDGEWAY IS OPERATING UNDER AGREEMENT WITH THE US DEPT OF AGRICULTURE - RURAL DEVELOPMENT (RD).
Expenses $82,184 · Revenue $59,815
As filed on the 2024 return.
Listed in Part VII
-
Leon SchochenmaierLEON SCHOCHENMAIER
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Liza ClarkLIZA CLARK
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Austin BernhardAUSTIN BERNHARD
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Becki PotrzebaBECKI POTRZEBA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Will MortensonWILL MORTENSON
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tiffany SanchezTIFFANY SANCHEZ
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Andy HubbartANDY HUBBART
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Toby MorrisTOBY MORRIS
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rob CoverdaleROB COVERDALE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Melissa KlemannMELISSA KLEMANN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Grace BeckGRACE BECK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
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.
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.
-
CAPITAL AREA COUNSELING SERVICES I
501C3 · COUNSELING · SD
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 26 February 2026
- IRS schema version
- 2024v5.0
- Source object
- 202610709349300416
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