Totals
- Total revenue
- $3,478,209
- Total expenses
- $154,537
- Contributions and grants received
- $3,344,469
- Grants paid
- $41,299
- Program service revenue
- $0
- Investment income
- $342
- Other revenue
- $133,398
- Total assets, end of year
- $5,855,040
- Total liabilities, end of year
- $2,362,140
- Net assets or fund balances, end of year
- $3,492,900
- Program services expenses (Part IX)
- $52,828
- Management and general expenses
- $101,709
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $52,828
Program services were 34.2% 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.
-
1d · Related organizations
$53,606
-
1e · Government grants (contributions)
$2,665,863
-
1f · All other contributions, gifts and grants
$625,000
-
1g · Noncash contributions included above
$575,000
-
3 · Investment income
total $342 · excluded $342
-
10a · Gross sales of inventory
$541,900
-
10b · Cost of goods sold
$491,899
-
10c · Net income from sales of inventory
total $50,001 · excluded $50,001
-
11a · Other revenue: COST SHARE REIMBURSEMENT
total $83,397 · related or exempt $83,397
-
11e · Other revenue, total
$83,397
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $41,299 · program services $41,299
-
7 · Other salaries and wages
total $57,322 · management and general $57,322
-
8 · Pension plan contributions
total $1,281 · management and general $1,281
-
10 · Payroll taxes
total $4,008 · management and general $4,008
-
11a · Fees: management
total $34,380 · management and general $34,380
-
11b · Fees: legal
total $4,460 · program services $4,460
-
13 · Office expenses
total $4,407 · management and general $4,407
-
16 · Occupancy
total $391 · program services $391
-
22 · Depreciation, depletion and amortization
total $311 · management and general $311
-
23 · Insurance
total $4,325 · program services $4,325
-
24a · Other expenses: PROPERTY TAXES
total $2,353 · program services $2,353
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $73,613 · end of year $757,029
-
3 · Pledges and grants receivable
beginning of year $78,019 · end of year $155,711
-
8 · Inventories for sale or use
end of year $2,978,188
-
9 · Prepaid expenses and deferred charges
beginning of year $2,012
-
10a · Land, buildings and equipment: cost or other basis
$6,531
-
10b · Land, buildings and equipment: accumulated depreciation
$311
-
10c · Land, buildings and equipment, net
end of year $6,220
-
15 · Other assets
beginning of year $19,848 · end of year $1,957,892
-
17 · Accounts payable and accrued expenses
beginning of year $4,264 · end of year $262,140
-
23 · Secured mortgages and notes payable
end of year $2,100,000
-
27 · Net assets without donor restrictions
beginning of year $116,677 · end of year $3,482,030
-
28 · Net assets with donor restrictions
beginning of year $52,551 · end of year $10,870
Mission and programs · 2024
Mission
THE PURPOSE IS TO FACILITATE AND ASSIST FAMILIES IN SECURING GOOD QUALITY HOUSING AND TO ENCOURAGE HOME OWNERSHIP BY SUCH PERSONS IN THE MITCHELL, SD AREA.
Activities or mission (Part I)
PURPOSE IS TO FACILITATE AND ASSIST FAMILIES IN SECURING GOOD QUALITY HOUSING IN MITCHELL, SD AREA.
-
PROVIDES REHAB GRANTS TO INDIVIDUALS
Expenses $41,299 · Grants $41,299
-
DEVELOPING REAL ESTATE FOR HOUSING
Expenses $11,529
As filed on the 2024 return.
Listed in Part VII
-
Geri BeckGERI BECK
SECRETARY-TR
- Total calculated
- $124,366
- From this org
- $0
- From related orgs
- $120,936
- Other
- $3,430
- Hours/week
- 40 + 40 related
-
Lee AndersonLEE ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Josh LawsonJOSH LAWSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Skyler MickelsonSKYLER MICKELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Hilary RockwellHILARY ROCKWELL
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Terry SabersTERRY SABERS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3 + 3 related
-
Teresa SternhagenTERESA STERNHAGEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 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.
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.
-
MITCHELL AREA DEVELOPMENT CORP
501C3 · DEVELOP · SD
-
MITCHELL AREA CHAMBER OF COMMERCE
501C6 · SUPPORT · SD
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 August 2026
- IRS schema version
- 2024v5.0
- Source object
- 202612299349302306
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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