Homes are Possible Inc

Address
320 S Main Street
Aberdeen, SD 57401
Contact
Website: http://www.homesarepossible.org
Phone: +1 (605) 225-4274
Nonprofit
EIN: 46-0458578
Year formed: 1997

Mission

Facilitate and assist low and moderate income persons and families in securing good quality homes.
 20172016201520142013
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  
Ahrens, Deb
Title  Director  
Name of key/compensated person  Deb Ahrens  
Position of compensated person
Current individual trustee or director  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  
Anderson, Lonnie
TitleChairmanVice-ChairmanDirectorDirector 
Name of key/compensated personLonnie AndersonLonnie AndersonLonnie AndersonLonnie Anderson 
Position of compensated person
Current individual trustee or director  TrueTrue 
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 
Balvin, Doug
Title   DirectorDirector
Name of key/compensated person   Doug BalvinDoug Balvin
Position of compensated person
Current individual trustee or director   TrueTrue
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
Brumbaugh, Mike
TitleVice ChairmanDirectorDirector  
Name of key/compensated personMike BrumbaughMike BrumbaughMike Brumbaugh  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
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  
Cox, Gene
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personGene CoxGene CoxGene CoxGene CoxGene Cox
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
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
Crawford, James
TitleDirectorDirector   
Name of key/compensated personJames CrawfordJames Crawford   
Position of compensated person
Current individual trustee or directorTrueTrue   
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   
Donelan, Pam
Title   DirectorDirector
Name of key/compensated person   Sr Pam DonelanSr Pam Donelan
Position of compensated person
Current individual trustee or director   TrueTrue
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
Fouberg, Rodney
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personRodney FoubergRodney FoubergRodney FoubergRodney FoubergRodney Fouberg
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
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
Frost, Tammy
TitleDirectorDirector   
Name of key/compensated personTammy FrostTammy Frost   
Position of compensated person
Current individual trustee or directorTrueTrue   
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   
Green, Craig
TitleDirector    
Name of key/compensated personCraig Green    
Position of compensated person
Current individual trustee or directorTrue    
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    
Grosz, Barb
TitleSecretaryDirectorDirector  
Name of key/compensated personBarb GroszBarb GroszBarb Grosz  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
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  
Hughes, Ona
TitleDirectorDirector   
Name of key/compensated personOna HughesOna Hughes   
Position of compensated person
Current individual trustee or directorTrueTrue   
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   
Johnson, Angeline
Title Director   
Name of key/compensated person Angeline Johnson   
Position of compensated person
Current individual trustee or director 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   
Johnson, Angie
Title   DirectorDirector
Name of key/compensated person   Angie JohnsonAngie Johnson
Position of compensated person
Current individual trustee or director   TrueTrue
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
Jung, Mike
TitleDirectorDirectorDirectorChairmanChairman
Name of key/compensated personMike JungMike JungMike JungMike JungMike Jung
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
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
Koral, Larry
Title    Director
Name of key/compensated person    Larry Koral
Position of compensated person
Current individual trustee or director    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
Mitchell, Jeff
TitleExecutive DirecExecutive DirecExecutive DirecExecutive DirecExecutive Direc
Name of key/compensated personJeff MitchellJeff MitchellJeff MitchellJeff MitchellJeff Mitchell
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
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
Pelkofer, Dennis
Title  DirectorDirectorTreasurer
Name of key/compensated person  Dennis PelkoferDennis PelkoferDennis Pelkofer
Position of compensated person
Current individual trustee or director  TrueTrue 
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
Rovang, Rich
TitleTreasurerTreasurerTreasurerDirector 
Name of key/compensated personRich RovangRich RovangRich RovangRich Rovang 
Position of compensated person
Current individual trustee or director   True 
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 
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
Smith, Connie
Title    Director
Name of key/compensated person    Connie Smith
Position of compensated person
Current individual trustee or director    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
Smith, Juletta
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personJuletta SmithJuletta SmithJuletta SmithJuletta SmithJuletta Smith
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
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
Telin, Janell
Title   Vice-ChairmanDirector
Name of key/compensated person   Janell TelinJanell Telin
Position of compensated person
Current individual trustee or director    True
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
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
Wald, Gary
Title    Director
Name of key/compensated person    Gary Wald
Position of compensated person
Current individual trustee or director    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
Walsh, Cindi
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personCindi WalshCindi WalshCindi WalshCindi WalshCindi Walsh
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
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
Zueger, Jody
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personJody ZuegerJody ZuegerJody ZuegerJody ZuegerJody Zueger
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
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
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 & expense
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, current year$797,055.00$593,627.00$572,945.00$499,807.00$1,416,834.00
Program service revenue, current year$9,450.00$9,700.00$7,200.00$5,250.00$4,350.00
Investment income, current year$1,966.00$1,657.00$1,819.00$15,559.00$1,557.00
Total revenue from grants, etc., current year$291,059.00$313,589.00$324,385.00$298,397.00$644,808.00
Total unrelated business revenue    $0.00
Other revenue, current year$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 expenses, current year$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
Total functional expenses: legal fees$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, end of year$3,819,900.00$3,452,899.00$3,392,787.00$3,424,829.00$3,493,936.00
Total assets, beginning of current year$3,452,899.00$3,392,787.00$3,424,829.00$3,493,936.00$4,404,994.00
Total liabilities, end of year$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 year$3,700,362.00$3,312,746.00$3,156,751.00$3,063,331.00$2,845,716.00
Temporarily restricted net assets, end of year$12,073.00$14,757.00$63,357.00$59,847.00$218,545.00
Net assets, end of year$3,712,435.00$3,327,503.00$3,220,108.00$3,123,178.00$3,064,261.00
Net assets, beginning of current 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, end of year$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
Inventories for sale or use, end of year$2,141,456.00$2,211,038.00$1,630,340.00$1,475,552.00$1,938,696.00
Gross receipts$4,247,088.00$3,311,530.00$2,804,500.00$2,687,290.00$3,692,093.00
Revenue less expenses, current year$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 invest$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, end of year  $92,829.00$194,604.00$381,071.00
Total net assets or fund balances, end of year$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
Accrual accountingTrueTrueTrueTrueTrue
Financial sheets were auditedTrueTrueTrueTrueTrue
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
Return type: 990, 990EZ, or 990PF990990990990990
IRS schema version2016v3.02015v3.02014v6.02013v4.02012v2.0
Filing identifier201840259349300324201700239349300725201620209349300007201520219349300402201400799349300105
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