Nonprofit · EIN 23-7221931
SCHAD INC
Tax-exempt · OWATONNA, MN 55060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2026 | 990 | $1,028,989 | $488,841 | $540,148 | $4,048,609 | $67,946 | $3,980,663 |
| April 30, 2025 | 990 | $1,011,511 | $498,651 | $512,860 | $3,512,400 | $71,885 | $3,440,515 |
| April 30, 2024 | 990 | $911,369 | $550,183 | $361,186 | $3,006,375 | $78,720 | $2,927,655 |
| April 30, 2023 | 990 | $856,913 | $556,705 | $300,208 | $2,627,630 | $61,161 | $2,566,469 |
Financial details: 990 for the year ended April 30, 2026
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $990,206
- Investment income
- $38,783
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $33,959
- Salaries, compensation and benefits (total)
- $36,673
- Professional fundraising fees
- $0
- Legal fees
- $3,664
- Accounting fees
- $3,295
- Occupancy
- $78,098
- Depreciation
- $63,066
- Program services (functional)
- $395,568
- Management and general (functional)
- $93,273
Balance sheet and other
- Total assets, start of year
- $3,512,400
- Total assets, end of year
- $4,048,609
- Total liabilities, end of year
- $67,946
- Net assets, end of year
- $3,980,663
- Land, buildings and equipment
- $807,362
- Net assets without donor restrictions
- $3,980,663
- Gross receipts
- $1,028,989
- Employees
- 0
- Year formed
- 1970
- State of legal domicile
- MN
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 April 30, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK CARVER | DIRECTOR Trustee or director | 1 | $0 |
| PETE DIXON | DIRECTOR Trustee or director | 1 | $0 |
| KAREN DONOVAN | DIRECTOR Trustee or director | 1 | $0 |
| ASHLEY ELTON | DIRECTOR Trustee or director | 1 | $0 |
| CAROL HARVEY | DIRECTOR Trustee or director | 1 | $0 |
| DAN KENOW | DIRECTOR Trustee or director | 1 | $0 |
| LINDA SIGLER | DIRECTOR Trustee or director | 1 | $0 |
| LARRY SIMONSON | DIRECTOR Trustee or director | 1 | $0 |
| SANDRA WALTON | DIRECTOR Trustee or director | 1 | $0 |
| JIM ABBE | MANAGING AGE Officer | 1 | $0 |
| ALLEN ARNOLD | VICE PRESIDE Officer | 1 | $0 |
| DAVE CHATELAINE | PRESIDENT Officer | 1 | $0 |
| DIANE KAPLAN | TREASURER Officer | 1 | $0 |
| DOUG PHILLIPS | SECRETARY Officer | 1 | $0 |
990 for the year ended April 30, 2025: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK CARVER | DIRECTOR Trustee or director | 1 | $0 |
| PETE DIXON | DIRECTOR Trustee or director | 1 | $0 |
| KAREN DONOVAN | DIRECTOR Trustee or director | 1 | $0 |
| ASHLEY ELTON | DIRECTOR Trustee or director | 1 | $0 |
| CAROL HARVEY | DIRECTOR Trustee or director | 1 | $0 |
| DAN KENOW | DIRECTOR Trustee or director | 1 | $0 |
| LINDA SIGLER | DIRECTOR Trustee or director | 1 | $0 |
| LARRY SIMONSON | DIRECTOR Trustee or director | 1 | $0 |
| SANDRA WALTON | DIRECTOR Trustee or director | 1 | $0 |
| JIM ABBE | MANAGING AGE Officer | 1 | $0 |
| ALLEN ARNOLD | VICE PRESIDE Officer | 1 | $0 |
| DAVE CHATELAINE | PRESIDENT Officer | 1 | $0 |
| DIANE KAPLAN | TREASURER Officer | 1 | $0 |
| DOUG PHILLIPS | SECRETARY Officer | 1 | $0 |
990 for the year ended April 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK CARVER | DIRECTOR Trustee or director | 1 | $0 |
| PETE DIXON | DIRECTOR Trustee or director | 1 | $0 |
| KAREN DONOVAN | DIRECTOR Trustee or director | 1 | $0 |
| ASHLEY ELTON | DIRECTOR Trustee or director | 1 | $0 |
| CAROL HARVEY | DIRECTOR Trustee or director | 1 | $0 |
| DAN KENOW | DIRECTOR Trustee or director | 1 | $0 |
| LARRY SIMONSON | DIRECTOR Trustee or director | 1 | $0 |
| SANDRA WALTON | DIRECTOR Trustee or director | 1 | $0 |
| JIM ABBE | MANAGING AGE Officer | 1 | $0 |
| ALLEN ARNOLD | VICE PRESIDE Officer | 1 | $0 |
| DAVE CHATELAINE | PRESIDENT Officer | 1 | $0 |
| DIANE KAPLAN | TREASURER Officer | 1 | $0 |
| DOUG PHILLIPS | SECRETARY Officer | 1 | $0 |
990 for the year ended April 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLEN ARNOLD | DIRECTOR Trustee or director | 1 | $0 |
| NORM AND VODI BALEK | DIRECTOR Trustee or director | 1 | $0 |
| MARK CARVER | DIRECTOR Trustee or director | 1 | $0 |
| KAREN DONOVAN | DIRECTOR Trustee or director | 1 | $0 |
| CAROL HARVEY | DIRECTOR Trustee or director | 1 | $0 |
| PAT AND DAN KENOW | DIRECTOR Trustee or director | 1 | $0 |
| LINDA AND GARY SIGLER | DIRECTOR Trustee or director | 1 | $0 |
| SANDRA WALTON | DIRECTOR Trustee or director | 1 | $0 |
| DAN APPEL | MANAGING AGE Officer | 1 | $0 |
| DAVE CHATELAINE | PRESIDENT Officer | 1 | $0 |
| GREG EVANS | VICE PRESIDE Officer | 1 | $0 |
| DIANE KAPLAN | TREASURER Officer | 1 | $0 |
| BONNIE NGUYEN | SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 311 N CEDAR AVE, OWATONNA, MN 55060-2307
- Principal officer (990 for 2025)
- DAVE CHATELAINE
- Signed the 990
- DAVE CHATELAINE, PRESIDENT
- Phone
- (507) 451-8524
- Return prepared by
- STRUSS CPAS PC
Mission
TO PROVIDE HOUSING FOR CERTAIN DEFINED CLASSES OF PERSONS, INCLUDING THE ELDERLY AND HANDICAPPED, UNDER SECTION 8 OF THE NATIONAL HOUSING ACT.
Program accomplishments
- RENTAL OF 76 UNIT APARTMENT BUILDING TO ELDERLY AND HANDICAPPED PURSUANT TO SECTION 8 OF THE NATIONAL HOUSING ACT.Expenses $395,568 · revenue $990,206
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | 990 on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 23-7221931
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1975
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,048,609
- Income (IRS master file)
- $1,028,989
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2026 | $1,028,989 | $488,841 | $4,048,609 | XML |
| 990 | April 2025 | $1,011,511 | $498,651 | $3,512,400 | XML |
| 990 | April 2024 | $911,369 | $550,183 | $3,006,375 | XML |
| 990 | April 2023 | $856,913 | $556,705 | $2,627,630 | XML |
| 990 | April 2022 | – | – | – | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2019 | – | – | – | IRS |
| 990 | April 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 23-7221931).
Questions about SCHAD INC
- What is the EIN of SCHAD INC?
- The employer identification number (EIN) of SCHAD INC is 23-7221931.
- Is SCHAD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1975.
- Are donations to SCHAD INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SCHAD 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 SCHAD INC due?
- The return for tax year 2026 (the year ending April 30, 2027) is due September 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SCHAD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2026.
- Who is the principal officer of SCHAD INC?
- The 990 for the year ended April 30, 2026 names DAVE CHATELAINE.
- Who are the officers and directors of SCHAD INC?
- The 990 for the year ended April 30, 2026 lists 14 people; 0 received compensation from the organization.
- How much revenue does SCHAD INC have?
- On its 990 for the year ended April 30, 2026 it reported revenue of $1,028,989, expenses of $488,841 and total assets of $4,048,609 at year end.
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