Sunnycrest Village Inc

Nonprofit profile at a glance

EIN
460278493
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Sioux Falls, SD, USA
Phone
6053611422
Rating
83
Verdict
STRONG
Rating confidence
Standard
Sector
Senior Citizens' Housing/Retirement Communities

Official website

Reported finances

Revenue
$3,252,668
Expenses
$2,991,521
Assets
$19,695,303
Liabilities
$19,453,077

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • TOM CHAP (PRESIDENT)
  • RON DORSMAN (VICE PRESIDENT/DIRECTOR)
  • AL SVENNES (DIRECTOR/VICE PRESIDENT)
  • MARY MORGAN (EXECUTIVE DIRECTOR (BEG MAY 2024))

Highest reported compensation

  • MARY MORGAN (EXECUTIVE DIRECTOR (BEG MAY 2024)): $91,274 total reported compensation
  • SUE LUND (ADMINISTRATOR (UNTIL APR 2024)): $73,079 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide quality, life enriching, low cost, christian based housing with services for the elderly.

What it reported doing in 2024

We are a 283-unit independent living complex for people 62 and older and those with disabilities. We strive to provide quality, independent living, reasonably priced apartments, with life-enriching services for seniors. Our programming empowers our residents to live independently, enjoy community, and celebrate life. We do that through on-site services, transportation services, educational and social/entertainment programming, and events. Live independently:"i'm ok" checks - approximately 100,000 checks per yearnutritional support/meals on wheels site - 10,400 meals for 40 total participants each day monday-friday, excluding holidayson-site education - 41 sessions with 510 participantshome maintenance/total # work orders - 1,878 sessionshealth maintenance (e.g., blood pressure and balance checks, flu/covid shots, exercise encouragement) - 45 sessions with 506 residentsfoot care clinics - 16 sessions with 215 participantsmassage therapy - 10 sessions with 101 participantsbeauty shop - 156 sessions with 1,200 participantsodds n' ends (donation exchange) - 4 sessions with 100 participantsto-the-door delivery of online grocery orders - 11 residents with 77 deliveriesregular transportation to grocery/walmart/dollar tree stores - 96 trips with 855 residentsenjoy community: our community-building initiatives aim to get people out and about while fostering a sense of belonging. Additionally, each of our 13 neighborhoods has a volunteer ambassador who coordinates quarterly listening sessions, welcome-to-the-neighborhood visits, and social events. These initiatives help create a vibrant and inclusive community in a smaller setting.celebrate life: social/entertainment events - 95 sessions with 3,571 participantscoordinated spiritual activities - 69 sessions with 2,056 participantscompassion in action (donations) - 3 sessions with 90 participants

Operating model

Revenue model
Other-operating. 93% of the money available for current operations came from other operating revenue.
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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 94
  • Accountability: 95
  • Sustainability: 59
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.3%; rating input score 76
  • Program expense ratio: 82.2%; rating input score 82
  • Fundraising efficiency: $0.91 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 17th 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 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 6.58; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.99; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 5.5%; rating input score 50; 50th percentile among comparable filings

Growth

  • Program expense growth: 2.5% per year; rating input score 100; 25th percentile among comparable filings
  • Revenue growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
  • Asset growth: 2.8% per year; rating input score 100; 23rd percentile among comparable filings

Details

  • Where the money goes: 76.3% of revenue deployed · 82.2% of spending went to programs
  • Governance: 13 of 13 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.5M in reported program spending
  • Leadership: top reported pay $91K · 17 people listed
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Fundraising efficiency scored 2/100.
  • Review — Sustainability: Operating margin scored 58/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • Review — Sustainability: Officer compensation ratio scored 50/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.