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← BHW RESIDENTIAL SERVICES III INC

Form 990 for tax year 2023

Filed by BHW RESIDENTIAL SERVICES III INC.

Totals

Total revenue
$248,840
Total expenses
$212,296
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$246,413
Investment income
$2,427
Other revenue
$0
Total assets, end of year
$629,622
Total liabilities, end of year
$36,793
Net assets or fund balances, end of year
$592,829
Program services expenses (Part IX)
$191,606
Management and general expenses
$20,690
Fundraising expenses
$0
Program service expenses (Part III)
$191,606

Program services were 90.3% 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: HOUSING PROJECT RENTAL

    total $246,413 · related or exempt $246,413

  • 3 · Investment income

    total $2,427 · excluded $2,427

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $16,641 · management and general $16,641

  • 11c · Fees: accounting

    total $1,375 · management and general $1,375

  • 11g · Fees: other

    total $4,267 · program services $4,267

  • 13 · Office expenses

    total $2,674 · management and general $2,674

  • 16 · Occupancy

    total $54,025 · program services $54,025

  • 22 · Depreciation, depletion and amortization

    total $57,328 · program services $57,328

  • 24a · Other expenses: MAINTENANCE & REPAIRS

    total $75,986 · program services $75,986

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $126,581 · end of year $15,531

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $56,628

  • 4 · Accounts receivable

    beginning of year $13,092 · end of year $16,881

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $387

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

    $1,610,060

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

    $1,069,865

  • 10c · Land, buildings and equipment, net

    beginning of year $490,457 · end of year $540,195

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,026 · end of year $8,787

  • 21 · Escrow or custodial account liability

    beginning of year $5,119 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $21,700 · end of year $21,700

  • 25 · Other liabilities

    beginning of year $0 · end of year $6,306

  • 27 · Net assets without donor restrictions

    beginning of year $556,285 · end of year $592,829

Mission and programs · 2023

Mission

CREATING A COMMUNITY WHERE EVERYONE PARTICIPATES TO ACHIEVE A LIFE OF FULL POTENTIAL.

  • CENTENNIAL APARTMENTS PROVIDES LOW-INCOME HOUSING TO INDIVIDUALS WITH MENTAL AND/OR PHYSICAL DISABILITIES. THE APARTMENT COMPLEX CONSISTS OF 24 UNITS AND TWO HOME MANAGER APARTMENTS LOCATED IN RAPID CITY, SOUTH DAKOTA.

    Expenses $191,606 · Revenue $246,413

As filed on the 2023 return.

Listed in Part VII

  • Dean Aurand

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Jess Pekarski

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Jacqueline Sly

    BOARD SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Brad Blauvelt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Kelly Stacy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Evan Nestore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Eric Christianson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Greg Hansen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Brad Haupt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Tammy Schreiber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Jack Jensen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Haley Moline Sommer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Bradley Saathoff

    CEO

    Total calculated
    $312,918
    From this org
    $0
    From related orgs
    $275,016
    Other
    $37,902
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,016 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,229 related
    Nontaxable benefits
    $0 + $25,673 related
    Filer's total
    $0 + $312,918 related

  • Mary Duncan

    CFO

    Total calculated
    $145,082
    From this org
    $0
    From related orgs
    $129,370
    Other
    $15,712
    Hours/week
    1 + 39 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'S CEO IS COMPENSATED BY BLACK HILLS WORKS, INC. (A RELATED PARTY). THE CEO'S ANNUAL SALARY IS DETERMINED BY AGREEMENT BETWEEN THE BOARD OF DIRECTORS FOR EACH AGENCY. THE BOARDS WORK COLLABORATIVELY TO REVIEW THE CEO'S PERFORMANCE AND DETERMINE ANNUAL SALARY. THE BOARDS TAKE INTO CONSIDERATION SALARY INCREASE PERCENTAGES THAT WERE GIVEN TO ALL STAFF AS WELL AS LEVEL OF PERFORMANCE OVER THE PREVIOUS YEAR. GUIDE STAR DATA FROM 18 OTHER NON-PROFITS IN SOUTH DAKOTA ARE GIVEN TO THE BOARD TO USE IN COMPARISON IN SETTING THE CEO'S SALARY. IN EXAMINING THIS DATA, THE BOARD LOOKS AT ANNUAL BUDGET AND CEO COMPENSATION AMOUNTS. DURING A REGULAR BOARD MEETING, THEY CALL AN EXECUTIVE SESSION AND DISCUSS PERFORMANCE AND SALARY WITH THE FULL BOARD.

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 corporations and trusts

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

  • A-Z INC

    C · SERVICES · SD

Provenance

Return type
form_990
Tax year
2023
Filed
29 November 2024
IRS schema version
2023v5.1
Source object
202403389349300730

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