Mission
TO PROVIDE HOUSING AND RELATED FACILITIES FOR THE ELDERLY AND DISABLED PERSONS OF THE AREA. BASED UPON THEIR RESPECTIVE INCOMES, RURAL DEVELOPMENT PROVIDES RENTAL ASSISTANCE FOR THE LOW AND VERY LOW INCOME PERSONS FOR MOST BUILDINGS
Public Charity
PONDEROSA APARTMENTS INC
PONDEROSA APARTMENTS INC is a Public Charity headquartered in SPEARFISH, SD. Financial data from the 2025 filing: $3.4M revenue, $3.8M expenses, $16.0M total assets. 7 publicly reported grants to this organization, totaling roughly $67K, appear in IRS filings.
EIN: 237232223
SPEARFISH, SD
Low-Income & Subsidized Rental Housing
NTEE: L21
Latest filing: 2025
Total Revenue$3.4M
Total Expenses$3.8M
Total Assets$16.0M
Grant Records7
Funding Total$67K
Filing Years2021–2025
Where $100 goes at Ponderosa Apartments Inc
How Ponderosa Apartments Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$98
Programs
the work itself
$2
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $98 for programs
$98
Ponderosa Apartments, inc provides and operates 6 apartment complexes with a total of 420 units for eligible elderly occupants as determined by rural development guidelines
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL PURPOSE
$6,000
GENERAL SUPPORT
$17,116
GENERAL SUPPORT
$9,719
Community welfare and betterment
$8,000
GENERAL SUPPORT
$8,577
Showing up to 5 of 7 total records — full history available with membership.
Officers & Directors
MEMBER
Chris Mitchel
PRESIDENT
Darrin Donat
MEMBER
Dylan Reiners
MEMBER
Linda Jones
SECRETARY/TREASURER
Melissa Barth
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $3.4M | $3.8M | $16.0M |
| 2024 | $3.0M | $3.5M | $16.2M |
| 2023 | $2.9M | $3.9M | $17.1M |
| 2022 | $3.1M | $3.5M | $17.0M |
| 2021 | $2.9M | $3.0M | $17.4M |
Between 2021 and 2025, reported annual revenue grew from $2.9M to $3.4M (+17%), with total assets most recently reported at $16.0M.
Interactive year-over-year charts and full filing details available with membership.