Top House INC FY2021 filing

Tax-deductible

Danvers, MA501(c)(3)Since 2007HousingEIN 01-0882170Revenue $35K in FY2021

On file with the IRSne-arc.org1 Southside Rd, 01923-1408 · Danvers, MATax-exempt since Jul 2007Publicly supported charity — 170(b)(1)(A)(vi)

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Hold real estate for its related 501(c)(3) organization.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $30K a year · 80% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$657K
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$35K
-16% vs prior year
Spent
$58K
To programs
92%
Net assets
$292K
By yearFY2020–FY2025
Revenue
$35K
FY2021▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$42K
FY2021$35K
FY2022$32K
FY2023$31K
FY2024$38K
FY2025$45K
Expenses
$58K
FY2021▲ +0.8%
Tap a bar for its year
Expenses by fiscal year
FY2020$58K
FY2021$58K
FY2022$63K
FY2023$61K
FY2024$73K
FY2025$89K
Net assets
$292K
FY2021▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$315K
FY2021$292K
FY2022$261K
FY2023$231K
FY2024$195K
FY2025$151K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $53K Management & general 8% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President/Director
$0Pt VII · Sec A
Treasurer/Director
$0Pt VII · Sec A
Clerk/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Top House INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Owns property to support Northeast ARC's programs and services.

Questions for Top House INC

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Provided by the organization

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1 program · $53K · in their own filed words · FY2020
01

Real Estate

Top house, inc. Owns a residential home in topsfield, ma built with hud funding, which is home to 4 individuals with disabilities who are received services through programs operated by northeast arc, inc., an affiliated 501(c)(3) non-profit organization.

$53Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$35K
Ln 12
Fees for servicesLn 2g$35K
Investment incomeLn 3$33
Money outPt IX
$58K
Ln 25
Programscol B$53K
Managementcol C$5K
Owns and owesPt X
$292K
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$949K
LiabilitiesLn 26$657K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$35K
Investment incomeLn 3$33
Total revenueLn 12$35K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$27K
Cash and savings togetherLn 1–2$29K
Land, buildings, equipmentLn 10c$917K
Total assetsLn 16$949K
LiabilitiesLn 26$657K
Net assetsLn 32$292K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$39K$29K
Land, buildings, equipmentLn 10c$941K$917K
Total assetsLn 16$980K$949K
LiabilitiesLn 26$665K$657K
Net assetsLn 32$315K$292K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$5K$2K$3K
Accounting feesLn 11c$2K$2K
OccupancyLn 16$23K$23K
Depreciation, depletion and amortizationLn 22$24K$24K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$58K$53K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $45K$89K−$44K$151K 990 PDF
FY2024 $38K$73K−$36K$195K 990 PDF
FY2023 $31K$61K−$30K$231K 990 PDF
FY2022 $32K$63K−$31K$261K 990 PDF
FY2021 Viewing $35K$58K−$23K$292K 990 PDF
FY2020 $42K$58K−$16K$315K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $35,174 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $41,616$35,141
I-10 Investment incomePrior year $249$33
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $41,865$35,174
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $57,783$58,243
I-18 Total expensesPrior year $57,783$58,243
I-19 Revenue less expensesPrior year −$15,918−$23,069
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $35,174 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $35,141$35,141
VIII-3 Investment incomeExcluded from tax $33$33
VIII-12 Total revenueRelated to mission $35,141 · Unrelated business $0 · Excluded from tax $33$35,174
Part IX · Statement of functional expenses $58,243 across 6 lines filed
IX-11a Management feesPrograms $2,195 · Management $2,757$4,952
IX-11c Accounting feesManagement $1,990$1,990
IX-16 OccupancyPrograms $23,028$23,028
IX-22 Depreciation, depletion and amortizationPrograms $24,430$24,430
IX-23 InsurancePrograms $1,514$1,514
IX-24 Other expenses (24a–d)Programs $2,329$2,329
IX-25 Total functional expensesPrograms $53,496 · Management $4,747 · Fundraising $0$58,243
Part X · Balance sheet $948,787 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $10,221$1,602
X-2 Savings and temporary cash investmentsStart of year $28,880$26,996
X-4 Accounts receivable$3,398
X-10c Land, buildings and equipment, netStart of year $940,571$916,791
X-16 Total assetsStart of year $979,672$948,787
X-17 Accounts payable and accrued expensesStart of year $1,334$946
X-25 Other liabilitiesStart of year $338,928$330,850
X-26 Total liabilitiesStart of year $664,869$657,053
X-27 Net assets without donor restrictionsStart of year −$261,797−$284,866
X-28 Net assets with donor restrictionsStart of year $576,600$576,600
X-32 Total net assets or fund balancesStart of year $314,803$291,734
X-33 Total liabilities and net assetsStart of year $979,672$948,787
Part XI · Reconciliation of net assets $291,734 net assets at year end
XI-1 Total revenue$35,174
XI-2 Total expenses$58,243
XI-3 Revenue less expenses−$23,069
XI-4 Net assets at start of year$314,803
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$291,734

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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