JM Apartments (JM) is organized for charitable purposes to provide physically and mentally impaired persons with low-income housing facilities and access to services which are specifically designed to meet their physical, social, and physiological needs.

501(c)(3) charity; gifts are tax-deductible.
77¢ 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 $95K a year · 78% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.5M
225% of total assets
Concern: liabilities are 225% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$115K
+0.5% vs prior year
Spent
$208K
To programs
77%
Net assets
−$1.4M
By yearFY2020–FY2025
Revenue
$115K
FY2024▲ +0.5%
Tap a bar for its year
Revenue by fiscal year
FY2020$117K
FY2021$115K
FY2022$112K
FY2023$115K
FY2024$115K
FY2025$156K
Expenses
$208K
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$195K
FY2021$200K
FY2022$248K
FY2023$229K
FY2024$208K
FY2025$219K
Net assets
−$1.4M
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020−$975K
FY2021−$1.1M
FY2022−$1.2M
FY2023−$1.3M
FY2024−$1.4M
FY2025−$1.5M

From the FY2024 Form 990 (year ending June 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2007.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $160K Management & general 23% · $48K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
President-10/23
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Jm Apartments 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

Provides low-income housing and services for elderly and handicapped individuals.

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Provided by the organization

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1 program · $160K · in their own filed words · FY2023
01

To provide low-income housing and access to support services to elderly people and people with disabilities, primarily related to behavioral health issues. JM has a total of 10 units in two locations in Central Falls, Rhode Island: 5 units located at 5-7 Echo Street and 5 units located at 135-137 Liberty Street.

$160Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$115K
Ln 12
Gifts and grantsLn 1h$75K
Fees for servicesLn 2g$39K
Other incomeLn 4–11$1K
Money outPt IX
$208K
Ln 25
Programscol B$160K
Managementcol C$48K
Owns and owesPt X
−$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$70K
Total assetsLn 16$1.1M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$75K
Government grantsLn 1e$75K
Fees for servicesLn 2g$39K
Investment incomeLn 3$29
Other incomeLn 4–11$1K
Gains on assetsLn 7$0
Total revenueLn 12$115K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$58K
Cash and savings togetherLn 1–2$70K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.0M
Other assetsLn 15$4K
Total assetsLn 16$1.1M
LiabilitiesLn 26$2.5M
Net assetsLn 32−$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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$59K$70K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.1M$1.0M
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$2.5M$2.5M
Net assetsLn 32−$1.3M−$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$29K$29K
Legal feesLn 11b$0
Accounting feesLn 11c$12K$12K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$33K$33K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$6K$6K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$73K$73K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$54K$46K$8K
All other expensesLn 24e$0
Total functional expensesLn 25$208K$160K$48K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $156K$219K−$63K−$1.5M 990 PDF
FY2024 Viewing $115K$208K−$93K−$1.4M 990 PDF
FY2023 $115K$229K−$114K−$1.3M 990 PDF
FY2022 $112K$248K−$136K−$1.2M 990 PDF
FY2021 $115K$200K−$85K−$1.1M 990 PDF
FY2020 $117K$195K−$79K−$975K 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 FY2024 990 (6 parts)
Part I · Summary $115,183 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $66,676$74,936
I-9 Program service revenuePrior year $35,973$39,156
I-10 Investment incomePrior year $32$29
I-11 Other revenuePrior year $11,887$1,062
I-12 Total revenuePrior year $114,568$115,183
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $228,754$207,871
I-18 Total expensesPrior year $228,754$207,871
I-19 Revenue less expensesPrior year −$114,186−$92,688
Part VI · Governance 7 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $115,183 across 10 lines filed
VIII-1e Government grants$74,936
VIII-1h Total contributions, gifts and grants$74,936
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,156$39,156
VIII-3 Investment incomeExcluded from tax $29$29
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,062$1,062
VIII-12 Total revenueRelated to mission $39,156 · Excluded from tax $1,091$115,183
Part IX · Statement of functional expenses $207,871 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $28,510$28,510
IX-11b Legal fees$0
IX-11c Accounting feesManagement $11,536$11,536
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $33,206$33,206
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $5,924$5,924
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $72,941$72,941
IX-23 InsurancePrograms $1,344$1,344
IX-24 Other expenses (24a–d)Programs $46,086 · Management $8,324$54,410
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $159,501 · Management $48,370 · Fundraising $0$207,871
Part X · Balance sheet $1,122,692 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $6,204$11,226
X-2 Savings and temporary cash investmentsStart of year $52,617$58,311
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $11,392$1,219
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$3,497
X-10c Land, buildings and equipment, netStart of year $1,108,871$1,044,433
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $3,469$4,006
X-16 Total assetsStart of year $1,182,553$1,122,692
X-17 Accounts payable and accrued expensesStart of year $306,382$332,748
X-25 Other liabilitiesStart of year $2,182,373$2,188,297
X-26 Total liabilitiesStart of year $2,492,224$2,525,051
X-27 Net assets without donor restrictionsStart of year −$1,309,671−$1,402,359
X-32 Total net assets or fund balancesStart of year −$1,309,671−$1,402,359
X-33 Total liabilities and net assetsStart of year $1,182,553$1,122,692
Part XI · Reconciliation of net assets −$1,402,359 net assets at year end
XI-1 Total revenue$115,183
XI-2 Total expenses$207,871
XI-3 Revenue less expenses−$92,688
XI-4 Net assets at start of year−$1,309,671
XI-10 Net assets at end of year−$1,402,359

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

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