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Nonprofit · EIN 46-0320560

LAKE PRESTON HOUSING INC

Tax-exempt · ARLINGTON, SD 57212

Financials

$232K$269K2023$235K$264K2024
Revenue Expenses · by fiscal year end
Financials of LAKE PRESTON HOUSING INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$235,024$263,900-$28,876$511,049$613,428-$102,379
December 31, 2023990$232,105$268,634-$36,529$553,496$626,999-$73,503
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$233,596
Investment income
$1,428
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$2,151
Accounting fees
$5,787
Occupancy
$146,508
Travel
$364
Depreciation
$57,488
Program services (functional)
$220,262
Management and general (functional)
$43,638

Balance sheet and other

Total assets, start of year
$553,496
Total assets, end of year
$511,049
Total liabilities, end of year
$613,428
Net assets, end of year
-$102,379
Land, buildings and equipment
$306,743
Gross receipts
$235,024
Employees
0
Year formed
1973
State of legal domicile
SD

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LINDA IVERSONVICE PRESIDENT
Trustee or director
1$0
DARLENE DEKNIKKERSECRETARY TREASURER
Trustee or director
1$0
JAKE SMITHMEMBER AT LARGE
Trustee or director
1$0
RODNEY OLSONMEMBER AT LARGE
Trustee or director
1$0
ANDREW WIENKMEMBER AT LARGE
Trustee or director
1$0
BRIAN ZEECKMEMBER AT LARGE
Trustee or director
1$0
RICK HILLESTADPRESIDENT
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
RODNEY OLSONMEMBER AT LARGE
Trustee or director
1$0
ANDREW WIENKMEMBER AT LARGE
Trustee or director
1$0
BRIAN ZEECKMEMBER AT LARGE
Trustee or director
1$0
JAKE SMITHMEMBER AT LARGE
Trustee or director
1$0
LINDA IVERSONVICE PRESIDENT
Trustee or director
1$0
DARLENE DEKNIKKERSECRETARY TREASURER
Trustee or director
1$0
RICK HILLESTADPRESIDENT
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
104 E ASH ST, ARLINGTON, SD 57212-2101
In care of
% SARAH STEFFENSEN
Principal officer (990 for 2024)
RICK HILLESTAD, PO BOX 64, LAKE PRESTON, SD 572490064
Signed the 990
SARAH STEFFENSEN, MANAGER
Return prepared by
Ledgers Inc

Mission

PROVIDE 40 UNITS OF LOW INCOME HOUSING

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE 40 UNITS OF LOW INCOME HOUSING
    Expenses $220,262

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-0320560
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1974
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$511,049
Income (IRS master file)
$235,024

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$235,024$263,900$511,049IRS
990December 2023$232,105$268,634$553,496XML
990December 2022$248,890$250,028$560,670IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0320560).

Questions about LAKE PRESTON HOUSING INC

What is the EIN of LAKE PRESTON HOUSING INC?
The employer identification number (EIN) of LAKE PRESTON HOUSING INC is 46-0320560.
Is LAKE PRESTON HOUSING INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1974.
Are donations to LAKE PRESTON HOUSING INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LAKE PRESTON HOUSING INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LAKE PRESTON HOUSING INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAKE PRESTON HOUSING INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LAKE PRESTON HOUSING INC?
The 990 for the year ended December 31, 2024 names RICK HILLESTAD.
Who are the officers and directors of LAKE PRESTON HOUSING INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does LAKE PRESTON HOUSING INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $235,024, expenses of $263,900 and total assets of $511,049 at year end.

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