Thomas Housing Development Corporation FY2022 filing

Tax-deductible

Silver Spring, MD501(c)(3)HousingEIN 03-0463073Revenue $66K in FY2022

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.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$94K
20% of total assets
Looks good: liabilities are 20% 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
$66K
+3% vs prior year
Spent
$89K
To programs
86%
Net assets
$383K
By yearFY2020–FY2025
Revenue
$66K
FY2022▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$63K
FY2021$64K
FY2022$66K
FY2023$64K
FY2024$72K
FY2025$74K
Expenses
$89K
FY2022▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$84K
FY2021$85K
FY2022$89K
FY2023$91K
FY2024$86K
FY2025$107K
Net assets
$383K
FY2022▼ -6%
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 FY2022 Form 990 (year ending June 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 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

86 cents of each dollar spent went to programs.

Program services 86% · $77K Management & general 14% · $12K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 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
$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 · $77K · in their own filed words · FY2021
01

Residential Services

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

$77Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$66K
Ln 12
Fees for servicesLn 2g$61K
Other incomeLn 4–11$5K
Investment incomeLn 3$4
Money outPt IX
$89K
Ln 25
Programscol B$77K
Managementcol C$12K
Owns and owesPt X
$383K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$477K
LiabilitiesLn 26$94K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$61K
Investment incomeLn 3$4
Other incomeLn 4–11$5K
Total revenueLn 12$66K
Assets in detailPt X, end of year
CashLn 1$67K
Cash and savings togetherLn 1–2$67K
Land, buildings, equipmentLn 10c$355K
Other assetsLn 15$47K
Total assetsLn 16$477K
LiabilitiesLn 26$94K
Net assetsLn 32$383K
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 FY22End FY22
Cash and savingsLn 1–2$19K$67K
Land, buildings, equipmentLn 10c$374K$355K
Total assetsLn 16$499K$477K
LiabilitiesLn 26$92K$94K
Net assetsLn 32$407K$383K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$5K$5K
Legal feesLn 11b$160$160
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$708$708
Office expensesLn 13$7K$7K
OccupancyLn 16$11K$11K
InterestLn 20$104$104
Depreciation, depletion and amortizationLn 22$24K$24K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$34K$32K$2K
Total functional expensesLn 25$89K$77K$12K$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 Viewing $66K$89K−$24K$383K 990 PDF
FY2021 $64K$85K−$21K$407K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $65,652 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $59,216$60,911
I-10 Investment incomePrior year $18$4
I-11 Other revenuePrior year $4,576$4,737
I-12 Total revenuePrior year $63,810$65,652
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 $84,523$89,376
I-18 Total expensesPrior year $84,523$89,376
I-19 Revenue less expensesPrior year −$20,713−$23,724
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 $65,652 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,911$60,911
VIII-3 Investment incomeExcluded from tax $4$4
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,737$4,737
VIII-12 Total revenueRelated to mission $65,648 · Unrelated business $0 · Excluded from tax $4$65,652
Part IX · Statement of functional expenses $89,376 across 10 lines filed
IX-11a Management feesManagement $4,794$4,794
IX-11b Legal feesManagement $160$160
IX-11c Accounting feesManagement $5,050$5,050
IX-11g Other fees for servicesPrograms $708$708
IX-13 Office expensesPrograms $7,497$7,497
IX-16 OccupancyPrograms $11,325$11,325
IX-20 InterestManagement $104$104
IX-22 Depreciation, depletion and amortizationPrograms $24,477$24,477
IX-23 InsurancePrograms $1,247$1,247
IX-24 Other expenses (24a–d)Programs $31,754 · Management $2,260$34,014
IX-25 Total functional expensesPrograms $77,008 · Management $12,368 · Fundraising $0$89,376
Part X · Balance sheet $477,171 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $18,995$67,439
X-4 Accounts receivableStart of year $59,584$8,125
X-10c Land, buildings and equipment, netStart of year $373,886$354,915
X-15 Other assetsStart of year $46,098$46,692
X-16 Total assetsStart of year $498,563$477,171
X-17 Accounts payable and accrued expensesStart of year $2,623$2,090
X-25 Other liabilitiesStart of year $89,301$92,166
X-26 Total liabilitiesStart of year $91,924$94,256
X-27 Net assets without donor restrictionsStart of year $406,639$382,915
X-32 Total net assets or fund balancesStart of year $406,639$382,915
X-33 Total liabilities and net assetsStart of year $498,563$477,171
Part XI · Reconciliation of net assets $382,915 net assets at year end
XI-1 Total revenue$65,652
XI-2 Total expenses$89,376
XI-3 Revenue less expenses−$23,724
XI-4 Net assets at start of year$406,639
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$382,915

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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