Totals
- Total revenue
- $712,943
- Total expenses
- $971,393
- Contributions and grants received
- $679,361
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $160,246
- Other revenue
- -$126,664
- Total assets, end of year
- $8,106,841
- Total liabilities, end of year
- $304,138
- Net assets or fund balances, end of year
- $7,802,703
- Program services expenses (Part IX)
- $798,426
- Management and general expenses
- $172,967
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $798,426
Program services were 82.2% 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.
-
1e · Government grants (contributions)
$677,361
-
1f · All other contributions, gifts and grants
$2,000
-
3 · Investment income
total $101,210 · related or exempt $101,210
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $10,200
-
6c · Rental income or loss
real property $10,200
-
6d · Net rental income or loss
total $10,200 · excluded $10,200
-
7a · Gross sales of assets other than inventory
other assets $126,000
-
7b · Less cost or other basis and sales expenses
other assets $66,964
-
7c · Gain or loss
other assets $59,036
-
7d · Net gain or loss
total $59,036 · related or exempt $59,036
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$3,752,168
-
10b · Cost of goods sold
$3,948,399
-
10c · Net income from sales of inventory
total -$196,231 · related or exempt -$196,231
-
11a · Other revenue: Other Revenue
total $54,438 · related or exempt $54,438
-
11b · Other revenue: TIF Reimbursement
total $4,929 · related or exempt $4,929
-
11e · Other revenue, total
$59,367
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $120,665 · program services $97,739 · management and general $22,926
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $181,214 · program services $145,976 · management and general $35,238
-
8 · Pension plan contributions
total $8,985 · program services $7,256 · management and general $1,729
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $22,841 · program services $18,506 · management and general $4,335
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $20,826 · program services $5,207 · management and general $15,619
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $4,721 · program services $1,180 · management and general $3,541
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $19,106 · management and general $19,106
-
17 · Travel
total $5,782 · program services $1,446 · management and general $4,336
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $1,414 · program services $1,414
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $30,461 · program services $9,303 · management and general $21,158
-
23 · Insurance
total $27,806 · program services $6,952 · management and general $20,854
-
24a · Other expenses: Rehab Grant Expense
total $413,473 · program services $413,473
-
24b · Other expenses: TIF Expenses
total $56,148 · program services $56,148
-
24c · Other expenses: Miscellaneous
total $23,955 · program services $5,989 · management and general $17,966
-
24d · Other expenses: CDFI Allowance Loan Loss
total $19,700 · program services $19,700
-
24e · All other expenses
total $14,296 · program services $8,137 · management and general $6,159
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $525,743 · end of year $4,685
-
2 · Savings and temporary cash investments
beginning of year $2,182,344 · end of year $1,629,845
-
3 · Pledges and grants receivable
beginning of year $87,389 · end of year $0
-
4 · Accounts receivable
beginning of year $685,268 · end of year $106,003
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $2,798,331 · end of year $2,973,153
-
9 · Prepaid expenses and deferred charges
beginning of year $10,040 · end of year $1,768
-
10a · Land, buildings and equipment: cost or other basis
$780,569
-
10b · Land, buildings and equipment: accumulated depreciation
$124,930
-
10c · Land, buildings and equipment, net
beginning of year $686,100 · end of year $655,639
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,708,410 · end of year $2,735,748
-
17 · Accounts payable and accrued expenses
beginning of year $557,505 · end of year $126,640
-
24 · Unsecured notes and loans payable
end of year $150,000
-
25 · Other liabilities
beginning of year $64,967 · end of year $27,498
-
27 · Net assets without donor restrictions
beginning of year $8,044,080 · end of year $7,790,630
-
28 · Net assets with donor restrictions
beginning of year $17,073 · end of year $12,073
Mission and programs · 2024
Mission
Facilitate and assist low and moderate income persons and families in securing good quality homes.
-
During the year, HAPI provided administration in grant funds to individuals to allow individuals to purhase and rehabilitate homes. In order to be eligible for grant funds, the homeowner must meet eligibility criteria based on household income and must attend home ownership classes which are provided by the organization. HAPI also provides affordable housing program grants which are available to low-income families. These grant funds can be used towards a down-payment, principal reduction, closing costs and home improvements.
Expenses $798,426 · Grants $413,873 · Revenue $684,290
As filed on the 2024 return.
Listed in Part VII
-
Darin Beckius
Executive Direc
- Total calculated
- $125,015
- From this org
- $120,665
- From related orgs
- $0
- Other
- $4,350
- Hours/week
- 40
-
Chris Frost
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Spencer Sommers
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Brenda Waage
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Jennifer Slaight-Hansen
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Clarence Fjeldheim
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Rich Rovang
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Bruce Jones
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Gary Deibert
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Lonnie Anderson
Past Chair
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike Brumbaugh
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Brett Bill
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Craig Mickelson
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Brent Heinert
Vice Chairman
- Total calculated
- $0
- Hours/week
- 0.5
-
Cindi Walsh
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Barb Grosz
Chairman
- Total calculated
- $0
- Hours/week
- 0.5
-
Ann Langbehn
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
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.
-
HAPI Housing LLC
Investment in limited partnership · SD
-
HAPISUN Housing LLC
Investment in limited partnership · SD
-
HAPIWOOD Housing LLC
Investment in limited partnership · SD
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 July 2026
- IRS schema version
- 2024v5.2
- Source object
- 202612089349300246
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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