SOUTHEAST TECHNICAL INSTITUTE HOUSING FOUNDATION

Address
2320 N CAREER AVE
SIOUX FALLS, SD 57107
Contact
Phone: +1 (605) 367-5751
Nonprofit
NTEE: B11 - Single Organization Support
EIN: 46-2014496

Mission

DEVELOP, OWN, MANAGE AND OPERATE STUDENT HOUSING EXCLUSIVELY FOR THE BENEFIT OF SOUTHEAST TECHNICAL INSTITUTE, A PUBLIC INSTITUTION, OR ORGANIZATIONS CLOSELY RELATED IN PURPOSE TO SOUTHEAST TECHNICAL INSTITUTE.
 20162015201420132012
Basic features of the organization
Year of formation2001
Metropolitan statistical area7760
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Number of employees00000
Number of highly compensated contractors 1   
Personnel
Flogstad, Paul
Title SECRETARY/TR   
Name of key/compensated person PAUL FLOGSTAD   
Position of compensated person
Current individual trustee or director True   
Current officer True   
Average hours per week working for org 1.00   
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   
Fogstad, Paul
Title  DIRECTOR  
Name of key/compensated person  PAUL FOGSTAD  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  1.00  
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  
Gohl, Greg
Title   PRESIDENTPRESIDENT
Name of key/compensated person   GREG GOHLGREG GOHL
Position of compensated person
Current individual trustee or director   TrueTrue
Current officer   TrueTrue
Average hours per week working for org   1.001.00
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
Houska, Tim
TitlePRESIDENTPRESIDENTVICE PRESIDEVICE PRESIDEVICE PRESIDE
Name of key/compensated personTIM HOUSKATIM HOUSKATIM HOUSKATIM HOUSKATIM HOUSKA
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
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
Nesje, Jared
TitleDIRECTOR    
Name of key/compensated personJARED NESJE    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
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    
Riter, Debbie
TitleVICE PRESIDEDIRECTOR   
Name of key/compensated personDEBBIE RITERDEBBIE RITER   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrue    
Average hours per week working for org1.001.00   
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   
Schmidt, Jim
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personJIM SCHMIDTJIM SCHMIDTJIM SCHMIDTJIM SCHMIDTJIM SCHMIDT
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
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
Smolnisky, Joy
Title  PRESIDENTSECRETARY\TRSECRETARY\TR
Name of key/compensated person  JOY SMOLNISKYJOY SMOLNISKYJOY SMOLNISKY
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  1.001.001.00
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
Sogn, John
Title VICE PRESIDESECRETARY\TR  
Name of key/compensated person JOHN SOGNJOHN SOGN  
Position of compensated person
Current individual trustee or director TrueTrue  
Current officer TrueTrue  
Average hours per week working for org 1.001.00  
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  
Sogn, Jon
TitleSECRETARY/TR  DIRECTORDIRECTOR
Name of key/compensated personJON SOGN  JON SOGNJON SOGN
Position of compensated person
Current individual trustee or directorTrue  TrueTrue
Current officerTrue    
Average hours per week working for org1.00  1.001.00
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
Purpose: mission, activities, & accomplishments
Mission or significant activitiesDEVELOP, OWN, MANAGE AND OPERATE STUDENT HOUSING EXCLUSIVELY FOR THE BENEFIT OF SOUTHEAST TECHNICAL INSTITUTE, A PUBLIC INSTITUTION, OR ORGANIZATIONS CLOSELY RELATED IN PURPOSE TO SOUTHEAST TECHNICAL INSTITUTE.DEVELOP, OWN, MANAGE AND OPERATE STUDENT HOUSING EXCLUSIVELY FOR THE BENEFIT OF SOUTHEAST TECHNICAL INSTITUTE, A PUBLIC INSTITUTION, OR ORGANIZATIONS CLOSELY RELATED IN PURPOSE TO SOUTHEAST TECHNICAL INSTITUTE.DEVELOP, OWN, MANAGE AND OPERATE STUDENT HOUSING EXCLUSIVELY FOR THE BENEFIT OF SOUTHEAST TECHNICAL INSTITUTE, A PUBLIC INSTITUTION, OR ORGANIZATIONS CLOSELY RELATED IN PURPOSE TO SOUTHEAST TECHNICAL INSTITUTE.DEVELOP, OWN, MANAGE AND OPERATE STUDENT HOUSING EXCLUSIVELY FOR THE BENEFIT OF SOUTHEAST TECHNICAL INSTITUTE, A PUBLIC INSTITUTION, OR ORGANIZATIONS CLOSELY RELATED IN PURPOSE TO SOUTHEAST TECHNICAL INSTITUTE.DEVELOP, OWN, MANAGE AND OPERATE STUDENT HOUSING EXCLUSIVELY FOR THE BENEFIT OF SOUTHEAST TECHNICAL INSTITUTE, A PUBLIC INSTITUTION, OR ORGANIZATIONS CLOSELY RELATED IN PURPOSE TO SOUTHEAST TECHNICAL INSTITUTE.
Program service expenses, total$1,033,913.00$963,390.00$924,308.00$946,130.00$917,250.00
Programs, including revenue & expenses
PROVIDE STUDENT HOUSING FOR THE BENEFIT OF SOUTHEAST TECHNICAL INSTITUTE, A PUBLIC POST-SECONDARY EDUCATION INSTITUTION OF THE SIOUX FALLS SCHOOL DISTRICT AND THE STATE OF SOUTH DAKOTA.
Program expenses$1,033,913.00$963,390.00$924,308.00$946,130.00$917,250.00
Program revenue$1,009,152.00$1,011,372.00$1,010,666.00$981,627.00$981,956.00
Program descriptionPROVIDE STUDENT HOUSING FOR THE BENEFIT OF SOUTHEAST TECHNICAL INSTITUTE, A PUBLIC POST-SECONDARY EDUCATION INSTITUTION OF THE SIOUX FALLS SCHOOL DISTRICT AND THE STATE OF SOUTH DAKOTA.PROVIDE STUDENT HOUSING FOR THE BENEFIT OF SOUTHEAST TECHNICAL INSTITUTE, A PUBLIC POST-SECONDARY EDUCATION INSTITUTION OF THE SIOUX FALLS SCHOOL DISTRICT AND THE STATE OF SOUTH DAKOTA.PROVIDE STUDENT HOUSING FOR THE BENEFIT OF SOUTHEAST TECHNICAL INSTITUTE, A PUBLIC POST-SECONDARY EDUCATION INSTITUTION OF THE SIOUX FALLS SCHOOL DISTRICT AND THE STATE OF SOUTH DAKOTA.PROVIDE STUDENT HOUSING FOR THE BENEFIT OF SOUTHEAST TECHNICAL INSTITUTE, A PUBLIC POST-SECONDARY EDUCATION INSTITUTION OF THE SIOUX FALLS SCHOOL DISTRICT AND THE STATE OF SOUTH DAKOTA.PROVIDE STUDENT HOUSING FOR THE BENEFIT OF SOUTHEAST TECHNICAL INSTITUTE, A PUBLIC POST-SECONDARY EDUCATION INSTITUTION OF THE SIOUX FALLS SCHOOL DISTRICT AND THE STATE OF SOUTH DAKOTA.
Financial data
Revenue
Total revenue$1,021,177.00$1,025,030.00$1,023,230.00$995,827.00$1,003,238.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$3,740.00$5,102.00$4,989.00$5,053.00$12,841.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$8,285.00$8,556.00$7,575.00$9,147.00$8,441.00
Program service revenue (total)$1,009,152.00$1,011,372.00$1,010,666.00$981,627.00$981,956.00
Gross receipts$1,021,177.00$1,025,030.00$1,023,230.00$995,827.00$1,003,238.00
Other types of revenue
Miscellaneous revenue (total)$8,285.00$8,556.00$7,575.00$9,147.00$8,441.00
Income from dividends, interest, and similar investments$5,108.00$5,102.00$4,989.00$5,053.00$12,841.00
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$1,120,601.00$1,014,761.00$975,386.00$997,572.00$937,289.00
Total functional expenses: program service $1,033,913.00$963,390.00$924,308.00$946,130.00$917,250.00
Total functional expenses: management and general$86,688.00$51,371.00$51,078.00$51,442.00$20,039.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)$27,076.00$57.00   
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$4,276,171.00$5,041,278.00$5,189,882.00$5,537,851.00$5,693,327.00
Total assets, beginning of year$5,041,278.00$5,189,882.00$5,537,851.00$5,693,327.00$5,752,647.00
Total liabilities$3,838,954.00$4,725,225.00$4,898,932.00$5,068,604.00$5,211,904.00
Total liabilities, beginning of year$4,725,225.00$4,898,932.00$5,068,604.00$5,211,904.00$5,334,169.00
Unrestricted net assets, end of yr$1,154,163.00$1,616,227.00$1,544,929.00$1,463,104.00$1,499,504.00
Temporarily restricted net assets-$716,946.00-$1,300,174.00-$1,253,979.00-$993,857.00-$1,018,081.00
Net assets$437,217.00$316,053.00$290,950.00$469,247.00$481,423.00
Net assets, beginning of year$316,053.00$290,950.00$469,247.00$481,423.00$418,478.00
Other liabilities $121,141.00$139,614.00$190,239.00$198,032.00
Bond liabilities $4,583,017.00$4,725,473.00$4,858,376.00$4,981,995.00
Intangible assets   $245,422.00$257,843.00
Investments: publicly traded securities $650,809.00$652,946.00$600,340.00$582,901.00
Cash: non-interest bearing$800.00$800.00$800.00$800.00$800.00
Cash: non-interest bearing, beginning of year$800.00$800.00$800.00$800.00$800.00
Other financial variables
Revenue less expenses-$99,424.00$10,269.00$47,844.00-$1,745.00$65,949.00
Savings & temp cash investment$1,154,389.00$1,087,366.00$1,044,023.00$1,045,770.00$1,120,126.00
Accounts receivable, net$27,448.00$7,227.00$9,398.00$15,327.00$14,365.00
Prepaid expenses & deferred charges$9,720.00$12,233.00$11,222.00$11,096.00$11,226.00
Accounts payable & accrued expenses$38,193.00$21,067.00$33,845.00$19,989.00$31,877.00
Secured mortgages and notes payable$3,800,761.00    
Total net assets or fund balances$437,217.00$316,053.00$290,950.00$469,247.00$481,423.00
Depreciation, depletion, amortization$202,134.00$217,128.00$214,853.00$204,898.00$196,726.00
Payment to affiliates$178,434.00$178,545.00$162,213.00$172,301.00$148,217.00
Governance and accountability
Number of voting members55555
Number of independent voting members55555
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-10-302016-12-132015-10-132014-09-162013-09-25
IRS schema version2016v3.02015v2.12014v5.02013v3.12012v2.1
Filing identifier201742409349300219201642109349300929201522719349300612201401279349301820201322209349300712
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