Three Gems INC: FY2022 Nonprofit Profile & Form 990 (EIN 04-3542875)

Revenue by fiscal year
FY2020	$104K
FY2021	$114K
FY2022	$127K
FY2023	$119K
FY2024	$157K
FY2025	$155K

Expenses by fiscal year
FY2020	$137K
FY2021	$154K
FY2022	$154K
FY2023	$166K
FY2024	$159K
FY2025	$161K

Net assets by fiscal year
FY2020	$419K
FY2021	$380K
FY2022	$353K
FY2023	$306K
FY2024	$304K
FY2025	$298K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2001.

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

Where the money goes

94 cents of each dollar spent went to programs.

94%

Program services 94% · $144K Management & general 6% · $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 (FY2021); the FY2022 filing did not itemize Part VII

Vincent O'Donnell

Director

$0Pt VII · Sec A

Louise Elving

President

$0Pt VII · Sec A

Tim Bombard

Treasurer

$0Pt VII · Sec A

John Hixson

Clerk

$0Pt VII · Sec A

Margaret Drury

Vice President

$0Pt VII · Sec A

See Three Gems 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 15aYes

Programs and updates

Provides affordable housing for adults with chronic mental disabilities.

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Provided by the organization

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1 program · $144K · in their own filed words · FY2021

01

Operates and maintains approximately 8 units of housing for low-income and mentally disabled people in lowell, massachusetts.

$144Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$127K

Ln 12

Fees for servicesLn 2g$126K

Other incomeLn 4–11$951

Investment incomeLn 3$19

Money outPt IX

$154K

Ln 25

Programscol B$144K

Managementcol C$10K

Owns and owesPt X

$353K

net assets · Ln 32

Cash and savingsLn 1–2$80K

Total assetsLn 16$1.3M

LiabilitiesLn 26$953K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$126K

Investment incomeLn 3$19

Other incomeLn 4–11$951

Total revenueLn 12$127K

Assets in detailPt X, end of year

CashLn 1$4K

SavingsLn 2$77K

Cash and savings togetherLn 1–2$80K

Land, buildings, equipmentLn 10c$1.2M

Other assetsLn 15$2K

Total assetsLn 16$1.3M

LiabilitiesLn 26$953K

Net assetsLn 32$353K

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$51K	$80K
Land, buildings, equipmentLn 10c	$1.3M	$1.2M
Total assetsLn 16	$1.3M	$1.3M
LiabilitiesLn 26	$951K	$953K
Net assetsLn 32	$380K	$353K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$11K	$5K	$6K
Pension plan contributionsLn 8	$2K	$2K
Payroll taxesLn 10	$956	$956
Management feesLn 11a	$8K	$8K
Legal feesLn 11b	$2K	$2K
Accounting feesLn 11c	$6K	$6K
Office expensesLn 13	$6K	$3K	$4K
OccupancyLn 16	$56K	$56K
TravelLn 17	$703	$703
Depreciation, depletion and amortizationLn 22	$54K	$54K
InsuranceLn 23	$6K	$6K
Other expenses (24a–d)Ln 24	$1K	$594	$616
Total functional expensesLn 25	$154K	$144K	$10K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$155K	$161K	−$7K	$298K	990 PDF
FY2024	$157K	$159K	−$2K	$304K	990 PDF
FY2023	$119K	$166K	−$46K	$306K	990 PDF
FY2022 Viewing	$127K	$154K	−$27K	$353K	990 PDF
FY2021	$114K	$154K	−$39K	$380K	990 PDF
FY2020	$104K	$137K	−$33K	$419K	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 $126,923 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $113,480$125,953

I-10 Investment incomePrior year $30$19

I-11 Other revenuePrior year $959$951

I-12 Total revenuePrior year $114,469$126,923

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 $11,642$14,402

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $141,951$139,819

I-18 Total expensesPrior year $153,593$154,221

I-19 Revenue less expensesPrior year −$39,124−$27,298

Part VI · Governance 5 of 5 board members independent, no flags

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

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 $126,923 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $125,953$125,953

VIII-3 Investment incomeExcluded from tax $19$19

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $951$951

VIII-12 Total revenueRelated to mission $126,904 · Unrelated business $0 · Excluded from tax $19$126,923

Part IX · Statement of functional expenses $154,221 across 12 lines filed

IX-7 Other salaries and wagesPrograms $5,435 · Management $5,840$11,275

IX-8 Pension plan contributionsPrograms $2,171$2,171

IX-10 Payroll taxesPrograms $956$956

IX-11a Management feesPrograms $8,327$8,327

IX-11b Legal feesPrograms $1,595$1,595

IX-11c Accounting feesPrograms $5,534$5,534

IX-13 Office expensesPrograms $2,941 · Management $3,540$6,481

IX-16 OccupancyPrograms $56,011$56,011

IX-17 TravelPrograms $703$703

IX-22 Depreciation, depletion and amortizationPrograms $53,942$53,942

IX-23 InsurancePrograms $6,016$6,016

IX-24 Other expenses (24a–d)Programs $594 · Management $616$1,210

IX-25 Total functional expensesPrograms $144,225 · Management $9,996 · Fundraising $0$154,221

Part X · Balance sheet $1,305,772 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $4,464$3,869

X-2 Savings and temporary cash investmentsStart of year $46,946$76,542

X-10c Land, buildings and equipment, netStart of year $1,277,726$1,223,784

X-15 Other assetsStart of year $1,103$1,577

X-16 Total assetsStart of year $1,330,738$1,305,772

X-17 Accounts payable and accrued expensesStart of year $23,646$5,830

X-19 Deferred revenueStart of year $176$551

X-25 Other liabilitiesStart of year $41,781$61,554

X-26 Total liabilitiesStart of year $950,680$953,012

X-27 Net assets without donor restrictionsStart of year −$415,742−$443,040

X-28 Net assets with donor restrictionsStart of year $795,800$795,800

X-32 Total net assets or fund balancesStart of year $380,058$352,760

X-33 Total liabilities and net assetsStart of year $1,330,738$1,305,772

Part XI · Reconciliation of net assets $352,760 net assets at year end

XI-1 Total revenue$126,923

XI-2 Total expenses$154,221

XI-3 Revenue less expenses−$27,298

XI-4 Net assets at start of year$380,058

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$352,760

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

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Three Gems INC FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Three Gems INC

By the numbers

Filing history

Schedules filed Part IV