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Nonprofiteer
← SODA CREEK APARTMENTS INC

Form 990 for tax year 2024

Filed by SODA CREEK APARTMENTS INC.

Totals

Total revenue
$53,442
Total expenses
$109,492
Contributions and grants received
$15,739
Grants paid
$0
Program service revenue
$37,575
Investment income
$128
Other revenue
$0
Total assets, end of year
$1,528,673
Total liabilities, end of year
$37,841
Net assets or fund balances, end of year
$1,490,832
Program services expenses (Part IX)
$88,257
Management and general expenses
$21,235
Fundraising expenses
$0
Program service expenses (Part III)
$88,257

Program services were 80.6% 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.

  • 1e · Government grants (contributions)

    $15,739

  • 2a · Program service revenue: TENANT REVENUE

    total $37,575 · related or exempt $37,575

  • 3 · Investment income

    total $128 · excluded $128

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $6,886 · management and general $6,886

  • 11c · Fees: accounting

    total $12,103 · management and general $12,103

  • 11g · Fees: other

    total $1,053 · management and general $1,053

  • 13 · Office expenses

    total $1,193 · management and general $1,193

  • 16 · Occupancy

    total $21,201 · program services $21,201

  • 22 · Depreciation, depletion and amortization

    total $62,408 · program services $62,408

  • 23 · Insurance

    total $4,648 · program services $4,648

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,875 · end of year $31,017

  • 2 · Savings and temporary cash investments

    beginning of year $68,485 · end of year $53,113

  • 9 · Prepaid expenses and deferred charges

    beginning of year $257 · end of year $256

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

    $2,140,156

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

    $697,879

  • 10c · Land, buildings and equipment, net

    beginning of year $1,504,685 · end of year $1,442,277

  • 15 · Other assets

    beginning of year $2,010 · end of year $2,010

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,420 · end of year $35,831

  • 25 · Other liabilities

    beginning of year $2,010 · end of year $2,010

  • 27 · Net assets without donor restrictions

    beginning of year $1,546,882 · end of year $1,490,832

Mission and programs · 2024

Mission

SODA CREEK WAS ESTABLISHED FOR THE CONSTRUCTION AND MANAGEMENT OF AN 8 UNIT APARTMENT COMPLEX THAT WILL HOUSE 7 INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. THE COMPLEX WILL BE FUNDED THROUGH HUD SECTION 811.

Activities or mission (Part I)

SODA CREEK APARTMENTS WAS ESTABLISHED FOR THE CONSTRUCTION AND MANAGEMENT OF AN 8 UNIT APARTMENT COMPLEX THAT WILL HOUSE 7 INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. THE COMPLEX WILL BE FUNDED THROUGH HUD SECTION 811.

  • MANAGEMENT OF AN 8 UNIT APARTMENT COMPLEX FOR INDIVIDUALS WITH DISABILITIES. THE INDIVIDUALS MUST QUALIFY FOR RENT SUBSIDIES UNDER HUD SECTION 811. EIGHT INDIVIDUALS WERE IN THE PROGRAM DURING THE YEAR.

    Expenses $88,257 · Revenue $37,575

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TATUM HEATH

    EXECUTIVE DI

    Total calculated
    $190,116
    From this org
    $0
    From related orgs
    $179,423
    Other
    $10,693
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $164,588 related
    Bonus
    not reported + $14,835 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $10,693 related
    Filer's total
    not reported + $190,116 related

  • ERIK PETERSEN

    CFO

    Total calculated
    $145,391
    From this org
    $0
    From related orgs
    $134,876
    Other
    $10,515
    Hours/week
    1 + 40 related

  • LESLIE BJORGUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETH DAVISON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TERRY JOST

    BOARD PRESID

    Total calculated
    $0
    Hours/week
    1

  • DENNIS KUNTZ

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • JULIE PEARCE

    TREASURER

    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. 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
9 March 2026
IRS schema version
2024v5.0
Source object
202640699349301704

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