Sd Properties Inc
Sd Properties Inc maintains stable operations with expenses closely matching revenue, showing consistent asset growth over the past decade.
EIN: 10661535 · Milwaukee, WI · NTEE: S470 · Updated: 2026-03-28
Is Sd Properties Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sd Properties Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sd Properties Inc
Sd Properties Inc (EIN: 10661535) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code S470. The organization reported total revenue of $937K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sd Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sd Properties Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Sd Properties Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Sd Properties Inc reported 0% officer compensation across all available filings, indicating that no salaries were paid to officers, directors, or trustees, which is highly unusual for an organization of its size and operational scope.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Sd Properties Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation for an organization with significant assets and expenses, which is unusual and may indicate alternative compensation structures or reliance on external support.
- Expenses slightly exceeding revenue in recent years (e.g., 2022 and 2021), indicating a minor operational deficit.
Strengths
The following positive indicators were identified for Sd Properties Inc:
- Strong long-term asset growth, from $372,884 in 2014 to $3,597,557 in 2022, indicating increasing capacity.
- Consistent operational scale with revenues generally around $900,000 - $1,000,000 in recent years.
- Extensive filing history (12 filings) demonstrating consistent compliance and transparency over time.
Frequently Asked Questions about Sd Properties Inc
Is Sd Properties Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sd Properties Inc (EIN: 10661535) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Sd Properties Inc spend its money?
Sd Properties Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sd Properties Inc tax-deductible?
Sd Properties Inc is registered as a tax-exempt nonprofit (EIN: 10661535). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sd Properties Inc manage to operate without reporting any officer compensation?
The filings consistently show 0% officer compensation. This could imply that leadership roles are filled by volunteers, compensated through other entities, or that compensation is structured in a way not reported as 'officer compensation' on the 990, which warrants further investigation for a complete understanding.
What is the primary source of Sd Properties Inc's revenue?
While the filings show 'Revenue' figures, the specific breakdown of revenue sources (e.g., program service revenue, contributions, investment income) is not provided in this summary. A deeper dive into the full 990 forms would be necessary to identify the primary revenue streams.
Given the NTEE code S470, what are the typical program activities of Sd Properties Inc?
NTEE code S470 indicates that Sd Properties Inc is involved in Housing Development, Construction, and Management. This suggests their program activities likely include acquiring, developing, constructing, and managing affordable housing or related properties.
Why have liabilities increased significantly alongside assets?
The increase in liabilities from $326,769 in 2014 to $3,211,183 in 2022, alongside asset growth, is common for organizations involved in real estate development and management. This often indicates the use of debt financing (e.g., mortgages, loans) to acquire or develop properties, which are then recorded as assets.
Filing History
IRS 990 filing history for Sd Properties Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Sd Properties Inc's revenue has grown by 316.7%, moving from $225K to $937K. Total assets increased by 672.8% over the same period, from $466K to $3.6M. Total functional expenses rose by 294.3%, from $257K to $1.0M. In its most recent filing year (2022), Sd Properties Inc reported a deficit of $77K, with expenses exceeding revenue. The organization holds $3.2M in liabilities against $3.6M in assets (debt-to-asset ratio: 89.3%), resulting in net assets of $386K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $937K | $1.0M | $3.6M | $3.2M | — | View 990 |
| 2021 | $1.0M | $1.0M | $3.7M | $3.3M | — | View 990 |
| 2020 | $953K | $914K | $3.8M | $3.4M | — | View 990 |
| 2019 | $949K | $925K | $2.6M | $2.2M | — | — |
| 2018 | $753K | $702K | $2.6M | $2.2M | — | View 990 |
| 2017 | $712K | $566K | $2.6M | $2.2M | — | — |
| 2016 | $540K | $457K | $2.5M | $2.3M | — | View 990 |
| 2015 | $310K | $235K | $1.2M | $1.1M | — | View 990 |
| 2014 | $191K | $146K | $373K | $327K | — | View 990 |
| 2013 | $263K | $296K | $424K | $423K | — | View 990 |
| 2012 | $234K | $229K | $442K | $409K | — | View 990 |
| 2011 | $225K | $257K | $466K | $436K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $937K, expenses of $1.0M, and assets of $3.6M (revenue -9.2% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.0M, and assets of $3.7M (revenue +8.2% year-over-year).
- 2020: Revenue of $953K, expenses of $914K, and assets of $3.8M (revenue +0.4% year-over-year).
- 2019: Revenue of $949K, expenses of $925K, and assets of $2.6M (revenue +26.1% year-over-year).
- 2018: Revenue of $753K, expenses of $702K, and assets of $2.6M (revenue +5.7% year-over-year).
- 2017: Revenue of $712K, expenses of $566K, and assets of $2.6M (revenue +31.8% year-over-year).
- 2016: Revenue of $540K, expenses of $457K, and assets of $2.5M (revenue +74.2% year-over-year).
- 2015: Revenue of $310K, expenses of $235K, and assets of $1.2M (revenue +62.3% year-over-year).
- 2014: Revenue of $191K, expenses of $146K, and assets of $373K (revenue -27.3% year-over-year).
- 2013: Revenue of $263K, expenses of $296K, and assets of $424K (revenue +12.5% year-over-year).
- 2012: Revenue of $234K, expenses of $229K, and assets of $442K (revenue +4.0% year-over-year).
- 2011: Revenue of $225K, expenses of $257K, and assets of $466K.
Data Sources and Methodology
This transparency report for Sd Properties Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.