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Wetzel Homes INC

Tax-deductible

Frederick, MD501(c)(3)Since 2002Mental HealthEIN 03-0425594Revenue $69K in FY2025

On file with the IRSPo Box 3734, 21705-3734 · Frederick, MDTax-exempt since Jun 2002Publicly supported — 509(a)(2)

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To provide affordable housing to the chronically mentally disabled under section 811 of the national affordable housing act.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 5
filings with a surplus
Average deficit $24K a year · 34% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
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
Liabilities
$902K
159% of total assets
Concern: liabilities are 159% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$69K
+2% vs prior year
Spent
$117K
To programs
67%
Net assets
−$336K
By yearFY2021–FY2025
Revenue
$69K
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2021$81K
FY2022$70K
FY2023$67K
FY2024$68K
FY2025$69K
Expenses
$117K
FY2025▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2021$82K
FY2022$95K
FY2023$94K
FY2024$90K
FY2025$117K
Net assets
−$336K
FY2025▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2021−$215K
FY2022−$240K
FY2023−$267K
FY2024−$288K
FY2025−$336K

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2002.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $78K Management & general 33% · $39K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Sarah Norman
Chief, Community Dev. Thru 8/18/24
$0Pt VII · Sec A
Richard Barr
Vice-President
$0Pt VII · Sec A
Erinn Shaw
Vice-President Thru 11/24/24
$0Pt VII · Sec A
Marisa Plunk
Treasurer
$0Pt VII · Sec A
Issumi Young
Secretary Thru 11/24/24
$0Pt VII · Sec A
John Shipley
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wetzel Homes 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

Offers affordable housing to the chronically mentally disabled.

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Provided by the organization

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1 program · $78K · in their own filed words · FY2024
01

Providing 11 units of affordable housing to persons with disabilities. The entity receives assistance under provision of section 811 of the national affordable housing act.

$78Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$69K
Ln 12
Gifts and grantsLn 1h$46K
Fees for servicesLn 2g$23K
Investment incomeLn 3$7
Money outPt IX
$117K
Ln 25
Programscol B$78K
Managementcol C$39K
Owns and owesPt X
−$336K
net assets · Ln 32
Cash and savingsLn 1–2$57K
Total assetsLn 16$566K
LiabilitiesLn 26$902K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$46K
Government grantsLn 1e$46K
Fees for servicesLn 2g$23K
Investment incomeLn 3$7
Total revenueLn 12$69K
Assets in detailPt X, end of year
CashLn 1$593
SavingsLn 2$57K
Cash and savings togetherLn 1–2$57K
Land, buildings, equipmentLn 10c$502K
Other assetsLn 15$204
Total assetsLn 16$566K
LiabilitiesLn 26$902K
Net assetsLn 32−$336K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$62K$57K
Land, buildings, equipmentLn 10c$521K$502K
Total assetsLn 16$588K$566K
LiabilitiesLn 26$877K$902K
Net assetsLn 32−$288K−$336K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$8K$8K
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$32K$32K
Office expensesLn 13$438$438
OccupancyLn 16$22K$22K
Depreciation, depletion and amortizationLn 22$19K$19K
Other expenses (24a–d)Ln 24$22K$5K$17K
Total functional expensesLn 25$117K$78K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $69K$117K−$47K−$336K 990 PDF
FY2024 $68K$90K−$22K−$288K 990 PDF
FY2023 $67K$94K−$27K−$267K 990 PDF
FY2022 $70K$95K−$24K−$240K 990 PDF
FY2021 $81K$82K−$1K−$215K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $69,188 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $40,248$46,043
I-9 Program service revenuePrior year $27,767$23,138
I-10 Investment incomePrior year $6$7
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $68,021$69,188
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 $89,918$116,652
I-18 Total expensesPrior year $89,918$116,652
I-19 Revenue less expensesPrior year −$21,897−$47,464
Part VI · Governance 3 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $69,188 across 5 lines filed
VIII-1e Government grants$46,043
VIII-1h Total contributions, gifts and grants$46,043
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,138$23,138
VIII-3 Investment incomeExcluded from tax $7$7
VIII-12 Total revenueRelated to mission $23,138 · Unrelated business $0 · Excluded from tax $7$69,188
Part IX · Statement of functional expenses $116,652 across 7 lines filed
IX-11a Management feesManagement $8,404$8,404
IX-11c Accounting feesManagement $13,191$13,191
IX-11g Other fees for servicesPrograms $32,216$32,216
IX-13 Office expensesManagement $438$438
IX-16 OccupancyPrograms $21,788$21,788
IX-22 Depreciation, depletion and amortizationPrograms $18,556$18,556
IX-24 Other expenses (24a–d)Programs $5,091 · Management $16,968$22,059
IX-25 Total functional expensesPrograms $77,651 · Management $39,001 · Fundraising $0$116,652
Part X · Balance sheet $565,883 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,725$593
X-2 Savings and temporary cash investmentsStart of year $60,662$56,632
X-4 Accounts receivableStart of year $4,790$6,296
X-10c Land, buildings and equipment, netStart of year $520,714$502,158
X-15 Other assetsStart of year $204$204
X-16 Total assetsStart of year $588,095$565,883
X-17 Accounts payable and accrued expensesStart of year $23,207$48,459
X-26 Total liabilitiesStart of year $876,531$901,783
X-27 Net assets without donor restrictionsStart of year −$288,436−$335,900
X-32 Total net assets or fund balancesStart of year −$288,436−$335,900
X-33 Total liabilities and net assetsStart of year $588,095$565,883
Part XI · Reconciliation of net assets −$335,900 net assets at year end
XI-1 Total revenue$69,188
XI-2 Total expenses$116,652
XI-3 Revenue less expenses−$47,464
XI-4 Net assets at start of year−$288,436
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$335,900

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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