Sioux Empire Housing Partnership Inc
Nonprofit profile at a glance
- EIN
- 460442266
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Sioux Falls, SD, USA
- Phone
- 6053390942
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Support
Reported finances
- Revenue
- $315,903
- Expenses
- $280,590
- Assets
- $436,072
- Liabilities
- $99,885
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- HUGO BARRON (PRESIDENT)
- JOE MARSH (PRESIDENT)
Highest reported compensation
- HUGO BARRON (PRESIDENT): $74,446 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Expand affordable housing for people of low to moderate incomes through active participation and facilitation with the public and private sectors of the sioux empire.
What it reported doing in 2024
The sioux empire housing partnership (sehp) assists low to moderate income homebuyers and renters financially succeed in our community by maintaining safe and affordable housing. Sehp provides housing counseling services for prepurchase and rental housing education services, financial literacy education courses, credit history review, and personal money management and budget courses. In 2025, sehp's education programs served an estimated 750 individuals and families. All classes offer in-person and virtual options which facilitates education across the state. Sehp promotes our services by social media strategy and by targeting financial institutions, community members, housing management agencies and nonprofit organizations working with low to moderate income individuals, families, or minority populations. Staff promotes services within the community by providing outreach and marketing materials during fairs, festivals and multicultural events. Sehp works with the greater sioux falls chamber of commerce, the sioux falls development foundation, the city of sioux falls, local county governments, 211 helpline center, realtors, mortgage lenders, the multicultureal center, and caminando juntos to reach our diverse community. Program success is measured by metrics such as follow-up calls, surveys and additional community outreach opportunities.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 51
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.3%; rating input score 75
- Program expense ratio: 83.9%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 11.2%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 1.55; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 4.1%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 1.3% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 0.1% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: -13.5% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 75.3% of revenue deployed · 83.9% of spending went to programs
- Governance: 17 of 17 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $235K in reported program spending
- Leadership: top reported pay $74K · 18 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.