Homes are Possible Inc

Address
320 S Main Street
Aberdeen, SD 57401
Contact
Website: http://www.homesarepossible.org
Phone: +1 (605) 225-4274
Nonprofit
NTEE: L80 - Housing Support Services -- Other
EIN: 46-0458578

Mission

Facilitate and assist low and moderate income persons and families in securing good quality homes.
 20172016201520142013
Basic features of the organization
Year of formation1997
Subsection code03
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$88,048.00$91,702.00$89,765.00$74,710.00$70,840.00
Sum of reportable (W2/1099) compensation$88,048.00$91,702.00$89,765.00$74,710.00 
Number of employees56444
Number of people compensated >$100k00000
Number of highly compensated contractors0000 
Personnel
, Vacant
Title  Vice-Chairman  
Name of key/compensated person  Vacant  
Position of compensated person
Current officer  True  
Average hours per week working for org  0.50  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Average hours per week working for related orgs  0.00  
Ahrens, Deb
Title  Director  
Name of key/compensated person  Deb Ahrens  
Position of compensated person
Average hours per week working for org  0.50  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Average hours per week working for related orgs  0.00  
Anderson, Lonnie
TitleChairmanVice-ChairmanDirectorDirector 
Name of key/compensated personLonnie AndersonLonnie AndersonLonnie AndersonLonnie Anderson 
Position of compensated person
Current officerTrueTrue   
Average hours per week working for org0.500.500.500.50 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs0.000.000.000.00 
Balvin, Doug
Title   DirectorDirector
Name of key/compensated person   Doug BalvinDoug Balvin
Position of compensated person
Average hours per week working for org   0.500.50
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Brumbaugh, Mike
TitleVice ChairmanDirectorDirector  
Name of key/compensated personMike BrumbaughMike BrumbaughMike Brumbaugh  
Position of compensated person
Average hours per week working for org0.500.500.50  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs0.000.000.00  
Cox, Gene
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personGene CoxGene CoxGene CoxGene CoxGene Cox
Position of compensated person
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Crawford, James
TitleDirectorDirector   
Name of key/compensated personJames CrawfordJames Crawford   
Position of compensated person
Average hours per week working for org0.500.50   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Donelan, Pam
Title   DirectorDirector
Name of key/compensated person   Sr Pam DonelanSr Pam Donelan
Position of compensated person
Average hours per week working for org   0.500.50
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Fouberg, Rodney
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personRodney FoubergRodney FoubergRodney FoubergRodney FoubergRodney Fouberg
Position of compensated person
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Frost, Tammy
TitleDirectorDirector   
Name of key/compensated personTammy FrostTammy Frost   
Position of compensated person
Average hours per week working for org0.500.50   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Green, Craig
TitleDirector    
Name of key/compensated personCraig Green    
Position of compensated person
Average hours per week working for org0.50    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Grosz, Barb
TitleSecretaryDirectorDirector  
Name of key/compensated personBarb GroszBarb GroszBarb Grosz  
Position of compensated person
Average hours per week working for org0.500.500.50  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs0.000.000.00  
Hughes, Ona
TitleDirectorDirector   
Name of key/compensated personOna HughesOna Hughes   
Position of compensated person
Average hours per week working for org0.500.50   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Johnson, Angeline
Title Director   
Name of key/compensated person Angeline Johnson   
Position of compensated person
Average hours per week working for org 0.50   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Average hours per week working for related orgs 0.00   
Johnson, Angie
Title   DirectorDirector
Name of key/compensated person   Angie JohnsonAngie Johnson
Position of compensated person
Average hours per week working for org   0.500.50
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Jung, Mike
TitleDirectorDirectorDirectorChairmanChairman
Name of key/compensated personMike JungMike JungMike JungMike JungMike Jung
Position of compensated person
Current officer   TrueTrue
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Koral, Larry
Title    Director
Name of key/compensated person    Larry Koral
Position of compensated person
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    0.00
Mitchell, Jeff
TitleExecutive DirecExecutive DirecExecutive DirecExecutive DirecExecutive Direc
Name of key/compensated personJeff MitchellJeff MitchellJeff MitchellJeff MitchellJeff Mitchell
Position of compensated person
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$88,048.00$91,702.00$89,765.00$74,710.00$0.00
Other comp, non-reportable, from org and related orgs$6,152.00$13,153.00$20,761.00$5,887.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Pelkofer, Dennis
Title  DirectorDirectorTreasurer
Name of key/compensated person  Dennis PelkoferDennis PelkoferDennis Pelkofer
Position of compensated person
Current officer    True
Average hours per week working for org  0.500.500.50
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.000.00
Rovang, Rich
TitleTreasurerTreasurerTreasurerDirector 
Name of key/compensated personRich RovangRich RovangRich RovangRich Rovang 
Position of compensated person
Current officerTrueTrueTrue  
Average hours per week working for org0.500.500.500.50 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs0.000.000.000.00 
Slaight-Hansen, Jennifer
TitleDirectorSecretarySecretarySecretarySecretary
Name of key/compensated personJennifer Slaight-HansenJennifer Slaight-HansenJennifer Slaight-HansenJennifer Slaight-HansenJennifer Slaight-Hansen
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Smith, Connie
Title    Director
Name of key/compensated person    Connie Smith
Position of compensated person
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    0.00
Smith, Juletta
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personJuletta SmithJuletta SmithJuletta SmithJuletta SmithJuletta Smith
Position of compensated person
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Telin, Janell
Title   Vice-ChairmanDirector
Name of key/compensated person   Janell TelinJanell Telin
Position of compensated person
Current officer   True 
Average hours per week working for org   0.500.50
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Waage, Brenda
TitleDirectorChairmanChairmanTreasurerVice Chairman
Name of key/compensated personBrenda WaageBrenda WaageBrenda WaageBrenda WaageBrenda Waage
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Wald, Gary
Title    Director
Name of key/compensated person    Gary Wald
Position of compensated person
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    0.00
Walsh, Cindi
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personCindi WalshCindi WalshCindi WalshCindi WalshCindi Walsh
Position of compensated person
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Zueger, Jody
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personJody ZuegerJody ZuegerJody ZuegerJody ZuegerJody Zueger
Position of compensated person
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesFacilitate and assist low and moderate income persons and families in securing good quality homes.Facilitate and assist low and moderate income persons and families in securing good quality homes.Facilitate and assist low and moderate income persons and families in securing good quality homes.Facilitate and assist low and moderate income persons and families in securing good quality homes.Facilitate and assist low and moderate income persons and families in securing good quality homes.
Program service expenses, total$321,609.00$392,956.00$394,988.00$360,577.00$427,190.00
Programs, including revenue & expenses
As part of their mission to facilitate home ownership for low-income individuals, HAPI provides homebuyer education courses. These courses focus on helping individuals understand the different assistance programs available and issues related to home-buying and home ownership.
Program expenses $7,860.00$3,980.00$7,212.00$8,544.00
Program description As part of their mission to facilitate home ownership for low-income individuals, HAPI provides homebuyer education courses. These courses focus on helping individuals understand the different assistance programs available and issues related to home-buying and home ownership.As part of their mission to facilitate home ownership for low-income individuals, HAPI provides homebuyer education courses. These courses focus on helping individuals understand the different assistance programs available and issues related to home-buying and home ownership.As part of their mission to facilitate home ownership for low-income individuals, HAPI provides homebuyer education courses. These courses focus on helping individuals understand the different assistance programs available and issues related to home-buying and home ownership.As part of their mission to facilitate home ownership for low-income individuals, HAPI provides homebuyer education courses. These courses focus on helping individuals understand the different assistance programs available and issues related to home-buying and home ownership.
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.
Program expenses$321,609.00$385,096.00$391,008.00$353,365.00$418,646.00
Program descriptionDuring 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.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.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.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.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.
Financial data
Revenue
Total revenue$797,055.00$593,627.00$572,945.00$499,807.00$1,416,834.00
Revenue from contributions (total)$291,059.00$313,589.00$324,385.00$298,397.00$644,808.00
Investment income, current yr$1,966.00$1,657.00$1,819.00$15,559.00$1,557.00
Total revenue from grants, etc., current yr$291,059.00$313,589.00$324,385.00$298,397.00$644,808.00
Total unrelated business revenue    $0.00
Other revenue, current yr$494,580.00$268,681.00$239,541.00$180,601.00$766,119.00
Program service revenue (total)$9,450.00$9,700.00$7,200.00$5,250.00$4,350.00
Sources of contributions
Revenue from gov't grants$280,134.00$267,757.00$284,860.00$284,122.00$577,033.00
Revenue from all other contributions$10,925.00$45,832.00$39,525.00$14,275.00$67,775.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$15,559.00$8,235.00$8,232.00$6,370.00$50,964.00
Net revenue from gaming (total)$0.00$0.00$0.00$0.00$0.00
Investment income$1,966.00$1,657.00$1,819.00$1,643.00$1,557.00
Net rental income$0.00$0.00$0.00$0.00$0.00
Net income from fundraising events$0.00$0.00$0.00$0.00$0.00
Net inventory sales (total)$479,021.00$260,446.00$231,309.00$174,231.00$715,155.00
Expense categories (totals)
Total functional expenses: sum of all$412,123.00$486,232.00$476,015.00$440,890.00$501,445.00
Total functional expenses: program service $321,609.00$392,956.00$394,988.00$360,577.00$427,190.00
Total functional expenses: management and general$90,514.00$93,276.00$81,027.00$80,313.00$74,255.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00$0.00$0.00
Legal fees (total)$0.00$17,408.00$19,976.00$14,966.00$13,516.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$3,819,900.00$3,452,899.00$3,392,787.00$3,424,829.00$3,493,936.00
Total assets, beginning of year$3,452,899.00$3,392,787.00$3,424,829.00$3,493,936.00$4,404,994.00
Total liabilities$107,465.00$125,396.00$172,679.00$301,651.00$429,675.00
Total liabilities, beginning of year$125,396.00$172,679.00$301,651.00$429,675.00$1,190,672.00
Pledges & accounts receivable, net$0.00$0.00$24,000.00$0.00$0.00
Loans & receivables from key persons$0.00$0.00$0.00$0.00$0.00
Unrestricted net assets, end of yr$3,700,362.00$3,312,746.00$3,156,751.00$3,063,331.00$2,845,716.00
Temporarily restricted net assets$12,073.00$14,757.00$63,357.00$59,847.00$218,545.00
Net assets$3,712,435.00$3,327,503.00$3,220,108.00$3,123,178.00$3,064,261.00
Net assets, beginning of year$3,327,503.00$3,220,108.00$3,123,178.00$3,064,261.00$3,214,322.00
Other liabilities$83,563.00$65,410.00$48,451.00$45,500.00$38,700.00
Intangible assets$0.00$0.00$0.00$0.00$0.00
Other assets$1,882.00$1,883.00$1,882.00$2,677.00$2,617.00
Investments: other securities$0.00$0.00$0.00$0.00$0.00
Investments: publicly traded securities$0.00$0.00$0.00$0.00$0.00
Cash: non-interest bearing$1,663,306.00$1,227,867.00$1,721,544.00$1,862,100.00$1,381,152.00
Cash: non-interest bearing, beginning of year$1,227,867.00$1,721,544.00$1,862,100.00$1,381,152.00$892,466.00
Investments -- program-related$0.00$0.00$0.00$0.00$0.00
Inventories for sale or use$2,141,456.00$2,211,038.00$1,630,340.00$1,475,552.00$1,938,696.00
Other financial variables
Revenue less expenses$384,932.00$107,395.00$96,930.00$58,917.00$915,389.00
Advertising (total)$0.00$0.00$0.00$0.00$0.00
Savings & temp cash investment$0.00$0.00$0.00$0.00$0.00
Accounts receivable, net$0.00$0.00$0.00$0.00$2,064.00
Prepaid expenses & deferred charges$6,810.00$6,403.00$6,719.00$4,548.00$6,223.00
Accounts payable & accrued expenses$23,902.00$59,986.00$31,399.00$61,547.00$9,904.00
Secured mortgages and notes payable  $92,829.00$194,604.00$381,071.00
Total net assets or fund balances$3,712,435.00$3,327,503.00$3,220,108.00$3,123,178.00$3,064,261.00
Depreciation, depletion, amortization$3,488.00$2,592.00$2,791.00$5,125.00$8,099.00
Payment to affiliates$0.00$0.00$0.00$0.00$0.00
Governance and accountability
Number of voting members1616161616
Number of independent voting members1616161616
Financial sheets were auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-10-012015-10-012014-10-012013-10-012012-10-01
Tax year end date2017-09-012016-09-012015-09-012014-09-012013-09-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
IRS schema version2016v3.02015v3.02014v6.02013v4.02012v2.0
Filing identifier201840259349300324201700239349300725201620209349300007201520219349300402201400799349300105
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