Thomas Housing Development Corporation FY2024 filing

Tax-deductible

Silver Spring, MD501(c)(3)HousingEIN 03-0463073Revenue $72K in FY2024

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.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$169K
33% of total assets
Looks good: liabilities are 33% 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
$72K
+11% vs prior year
Spent
$86K
To programs
81%
Net assets
$342K
By yearFY2020–FY2025
Revenue
$72K
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$63K
FY2021$64K
FY2022$66K
FY2023$64K
FY2024$72K
FY2025$74K
Expenses
$86K
FY2024▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$84K
FY2021$85K
FY2022$89K
FY2023$91K
FY2024$86K
FY2025$107K
Net assets
$342K
FY2024▼ -4%
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 FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 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

81 cents of each dollar spent went to programs.

Program services 81% · $70K Management & general 19% · $16K

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 (FY2023); the FY2024 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
$0Pt VII · Sec A
Former CFO
$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 · $70K · in their own filed words · FY2023
01

Residential Services

Offering compassionate care and stability through community-based group homes and alternative living units for 9 mentally ill adults, promoting autonomy and dignity in daily living.

$70Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$72K
Ln 12
Fees for servicesLn 2g$66K
Other incomeLn 4–11$5K
Investment incomeLn 3$936
Money outPt IX
$86K
Ln 25
Programscol B$70K
Managementcol C$16K
Owns and owesPt X
$342K
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$511K
LiabilitiesLn 26$169K
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$66K
Investment incomeLn 3$936
Other incomeLn 4–11$5K
Total revenueLn 12$72K
Assets in detailPt X, end of year
CashLn 1$9K
Cash and savings togetherLn 1–2$9K
Land, buildings, equipmentLn 10c$341K
Other assetsLn 15$53K
Total assetsLn 16$511K
LiabilitiesLn 26$169K
Net assetsLn 32$342K
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 FY24End FY24
Cash and savingsLn 1–2$32K$9K
Land, buildings, equipmentLn 10c$337K$341K
Total assetsLn 16$464K$511K
LiabilitiesLn 26$108K$169K
Net assetsLn 32$356K$342K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$5K$5K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$600$600
Office expensesLn 13$4K$4K
OccupancyLn 16$10K$10K
InterestLn 20$142$142
Depreciation, depletion and amortizationLn 22$25K$25K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$32K$29K$2K
Total functional expensesLn 25$86K$70K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $74K$107K−$33K$309K 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $71,681 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $59,658$65,890
I-10 Investment incomePrior year $34$936
I-11 Other revenuePrior year $4,808$4,855
I-12 Total revenuePrior year $64,500$71,681
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 $90,999$86,245
I-18 Total expensesPrior year $90,999$86,245
I-19 Revenue less expensesPrior year −$26,499−$14,564
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 $71,681 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $65,890$65,890
VIII-3 Investment incomeExcluded from tax $936$936
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,855$4,855
VIII-12 Total revenueRelated to mission $70,745 · Unrelated business $0 · Excluded from tax $936$71,681
Part IX · Statement of functional expenses $86,245 across 9 lines filed
IX-11a Management feesManagement $5,186$5,186
IX-11c Accounting feesManagement $8,551$8,551
IX-11g Other fees for servicesPrograms $600$600
IX-13 Office expensesPrograms $4,177$4,177
IX-16 OccupancyPrograms $9,754$9,754
IX-20 InterestManagement $142$142
IX-22 Depreciation, depletion and amortizationPrograms $24,999$24,999
IX-23 InsurancePrograms $1,213$1,213
IX-24 Other expenses (24a–d)Programs $29,482 · Management $2,141$31,623
IX-25 Total functional expensesPrograms $70,225 · Management $16,020 · Fundraising $0$86,245
Part X · Balance sheet $510,835 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $31,567$8,745
X-4 Accounts receivableStart of year $45,476$106,367
X-9 Prepaid expenses and deferred chargesStart of year $1,797$1,198
X-10c Land, buildings and equipment, netStart of year $337,337$341,315
X-15 Other assetsStart of year $47,998$53,210
X-16 Total assetsStart of year $464,175$510,835
X-17 Accounts payable and accrued expensesStart of year $3,557$523
X-25 Other liabilitiesStart of year $104,202$168,460
X-26 Total liabilitiesStart of year $107,759$168,983
X-27 Net assets without donor restrictionsStart of year $356,416$341,852
X-32 Total net assets or fund balancesStart of year $356,416$341,852
X-33 Total liabilities and net assetsStart of year $464,175$510,835
Part XI · Reconciliation of net assets $341,852 net assets at year end
XI-1 Total revenue$71,681
XI-2 Total expenses$86,245
XI-3 Revenue less expenses−$14,564
XI-4 Net assets at start of year$356,416
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$341,852

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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