Overview
What is Sioux Residential Services Inc?
Sioux Residential Services Inc, located in Sioux Falls, South Dakota, is a nonprofit organization primarily focused on providing housing solutions for individuals with disabilities. During the fiscal year ending June 30, 2023, they accommodated 30 tenants. These individuals are often referred to the organization by state agencies such as Vocational Rehab, DDD (Division of Developmental Disabilities), and public school districts. The organization operates under Section 202 of the National Housing Act, regulated by the U.S. Department of Housing and Urban Development (HUD), ensuring compliance with rental charges and operating methods. Essentially, Sioux Residential Services Inc offers housing units to assist individuals with mental and physical disabilities, contributing to their overall well-being and independence.
Is Sioux Residential Services Inc legitimate?
Sioux Residential Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sioux Residential Services Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,091
For more financial information, click here
What is the mission statement of Sioux Residential Services Inc?
Sioux Residential Services Inc is committed to providing housing units for individuals with mental and physical disabilities. Their mission is centered around offering subsidized housing for these individuals, who are primarily referred through state agencies such as vocational rehabilitation, Division of Developmental Disabilities, and public school districts. The organization operates under Section 202 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rental charges and operational methods. The primary program of Sioux Residential Services Inc is its Section 202 Direct Loan, which contributes to providing suitable housing for people with disabilities.
Who is the CEO of Sioux Residential Services Inc?
Steve Watkins is the CEO of Sioux Residential Services Inc The CEO's salary of Sioux Residential Services Inc is $0 and their total compensation is $385,070.
What is the revenue of Sioux Residential Services Inc?
Sioux Residential Services Inc's revenue in 2024 was $213,288.
Who are the executives of Sioux Residential Services Inc and what are their salaries?
There 8 volunteers at Sioux Residential Services Inc.
Here are 10 key members and their salaries (Sioux Residential Services Inc's CEO's salary is $0 and their total compensation is $385,070):
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- Related: $345,926
- Other: $39,144
- Compensation: $0
- Related: $198,415
- Other: $32,603
Where can I find the form 990 for Sioux Residential Services Inc?
Sioux Residential Services Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Sioux Residential Services Inc
Sioux Residential Services Inc is dedicated to providing housing solutions for individuals living with mental and physical disabilities. Their primary mission is to create and maintain subsidized housing units, catering to individuals who have been referred through various state agencies such as Vocational Rehab, Division of Developmental Disabilities (DDD), and public school districts. The organization operates under Section 202 of the National Housing Act, ensuring compliance with regulations set by the U.S. Department of Housing and Urban Development (HUD), particularly in regards to rental charges and operational methods. The organization's major program, the Section 202 Direct Loan, serves as the backbone of their housing initiatives, providing a safe and supportive environment for those in need.
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Impact
October, 2024
Sioux Residential Services Inc plays a crucial role in providing stable housing for individuals with mental and physical disabilities in Sioux Falls, SD. By offering subsidized housing units, the organization significantly enhances the quality of life for its tenants, ensuring they have a safe and supportive environment.
With 30 individual tenants served during the last fiscal year, the organization addresses a critical need for accessible housing options, which are often limited for this vulnerable population. It collaborates with state agencies like Vocational Rehabilitation, the Division of Developmental Disabilities, and local school districts to identify and support individuals in need of housing.
The operational framework is undergirded by Section 202 of the National Housing Act, which allows for regulated rental charges and methods that maintain affordability for tenants. This structured approach not only provides financial relief but also contributes to long-term community stability by facilitating independence and integration for individuals with disabilities.
By addressing housing needs, Sioux Residential Services Inc significantly impacts both the lives of its tenants and the broader community, fostering an inclusive environment where all individuals have the opportunity to thrive.
This information is meant to be a general summary of Sioux Residential Services Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,318
- Program Service Revenue: $211,970
- Gross Receipts: $213,288
Assets and Liabilities:
- Total Assets: $310,319
- Total Liabilities: $268,623
- Net Assets: $41,696
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT/ASSISTANCE
Revenue
$210,226
TENANT CHARGES
Revenue
$1,744
Organization Details
Founding Year
1986
Principal Officer
Steve Watkins
NTEE Category
Code: P73Z - Human services
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