Thomas Housing Development Corporation FY2020 filing

Tax-deductible

Silver Spring, MD501(c)(3)HousingEIN 03-0463073Revenue $63K in FY2020

On file with the IRS12200 Tech Rd Ste 330, 20904-1913 · Silver Spring, MDTax-exempt since Sep 2002Publicly supported charity — 170(b)(1)(A)(vi)

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To provide rental assistance for individuals with mental illness.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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 $23K a year · 34% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$68K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 4 voting members
Worth a look: 1 of 4 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$63K
Spent
$84K
To programs
88%
Net assets
$427K
By yearFY2020–FY2025
Revenue
$63K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$63K
FY2021$64K
FY2022$66K
FY2023$64K
FY2024$72K
FY2025$74K
Expenses
$84K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$84K
FY2021$85K
FY2022$89K
FY2023$91K
FY2024$86K
FY2025$107K
Net assets
$427K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$427K
FY2021$407K
FY2022$383K
FY2023$356K
FY2024$342K
FY2025$309K

From the FY2020 Form 990 (year ending June 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Sep 2002.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $74K Management & general 12% · $10K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Chair/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
See Thomas Housing Development Corporation 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 15aYes

Programs and updates

Helps people with mental illness pay their rent.

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Provided by the organization

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1 program · $74K · in their own filed words · FY2019
01

Residential Services

Providing community based group homes and alternative living units for 9 mentally ill adults.

$74Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$63K
Ln 12
Fees for servicesLn 2g$59K
Other incomeLn 4–11$5K
Investment incomeLn 3$32
Money outPt IX
$84K
Ln 25
Programscol B$74K
Managementcol C$10K
Owns and owesPt X
$427K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$495K
LiabilitiesLn 26$68K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$59K
Investment incomeLn 3$32
Other incomeLn 4–11$5K
Total revenueLn 12$63K
Assets in detailPt X, end of year
CashLn 1$35K
Cash and savings togetherLn 1–2$35K
Land, buildings, equipmentLn 10c$399K
Other assetsLn 15$43K
Total assetsLn 16$495K
LiabilitiesLn 26$68K
Net assetsLn 32$427K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$6K$35K
Land, buildings, equipmentLn 10c$425K$399K
Total assetsLn 16$491K$495K
LiabilitiesLn 26$44K$68K
Net assetsLn 32$448K$427K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$5K$5K
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$6K$6K
OccupancyLn 16$13K$13K
InterestLn 20$81$81
Depreciation, depletion and amortizationLn 22$26K$26K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$31K$26K$5K
Total functional expensesLn 25$84K$74K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $74K$107K−$33K$309K 990 PDF
FY2024 $72K$86K−$15K$342K 990 PDF
FY2023 $64K$91K−$26K$356K 990 PDF
FY2022 $66K$89K−$24K$383K 990 PDF
FY2021 $64K$85K−$21K$407K 990 PDF
FY2020 Viewing $63K$84K−$21K$427K 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 FY2020 990 (6 parts)
Part I · Summary $63,319 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $59,836$58,758
I-10 Investment incomePrior year $7$32
I-11 Other revenuePrior year $4,440$4,529
I-12 Total revenuePrior year $64,283$63,319
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 $84,365$83,908
I-18 Total expensesPrior year $84,365$83,908
I-19 Revenue less expensesPrior year −$20,082−$20,589
Part VI · Governance 1 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members1
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $63,319 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $58,758$58,758
VIII-3 Investment incomeExcluded from tax $32$32
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,529$4,529
VIII-12 Total revenueRelated to mission $63,287 · Unrelated business $0 · Excluded from tax $32$63,319
Part IX · Statement of functional expenses $83,908 across 8 lines filed
IX-11a Management feesManagement $4,681$4,681
IX-11g Other fees for servicesPrograms $1,737$1,737
IX-13 Office expensesPrograms $5,946$5,946
IX-16 OccupancyPrograms $13,361$13,361
IX-20 InterestManagement $81$81
IX-22 Depreciation, depletion and amortizationPrograms $25,965$25,965
IX-23 InsurancePrograms $1,107$1,107
IX-24 Other expenses (24a–d)Programs $25,840 · Management $5,190$31,030
IX-25 Total functional expensesPrograms $73,956 · Management $9,952 · Fundraising $0$83,908
Part X · Balance sheet $495,363 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $6,293$34,870
X-4 Accounts receivableStart of year $22,253$18,709
X-10c Land, buildings and equipment, netStart of year $425,109$399,144
X-15 Other assetsStart of year $37,829$42,640
X-16 Total assetsStart of year $491,484$495,363
X-17 Accounts payable and accrued expensesStart of year $2,915$3,201
X-25 Other liabilitiesStart of year $40,628$64,810
X-26 Total liabilitiesStart of year $43,543$68,011
X-27 Net assets without donor restrictionsStart of year $447,941$427,352
X-32 Total net assets or fund balancesStart of year $447,941$427,352
X-33 Total liabilities and net assetsStart of year $491,484$495,363
Part XI · Reconciliation of net assets $427,352 net assets at year end
XI-1 Total revenue$63,319
XI-2 Total expenses$83,908
XI-3 Revenue less expenses−$20,589
XI-4 Net assets at start of year$447,941
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$427,352

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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