Augustana Homes INC FY2020 filing

Bridgeport, CTUnknown exempt organizationEIN 06-6085508Revenue $784K in FY2020

On file with the IRS238 Jewett Avenue · Bridgeport, CT

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To provide affordable housing, both independent and assisted (congregate services) living, for the low income elderly.

87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $90K a year · 11% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$133K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$784K
Spent
$860K
To programs
87%
Net assets
$715K
By yearFY2020–FY2024
Revenue
$784K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$784K
FY2021$824K
FY2022$812K
FY2023$875K
FY2024$902K
Expenses
$860K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$860K
FY2021$902K
FY2022$931K
FY2023$944K
FY2024$1.0M
Net assets
$715K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$715K
FY2021$637K
FY2022$518K
FY2023$449K
FY2024$0

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $751K Management & general 13% · $109K

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
Chief Financial Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Augustana Homes 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 15aNo

Programs and updates

Offers affordable housing and assisted living for low-income seniors.

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Provided by the organization

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2 programs · $751K · in their own filed words · FY2020
01

Congregate (meals, housekeeping, and personal) services for residents of 44 assisted living apartment units subsidized by the Connecticut Department of Housing for the low income elderly.

$565Kprogram expense
02

44 affordable assisted living apartment units subsidized by the Connecticut Department of Housing for the low income elderly.

$186Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$784K
Ln 12
Fees for servicesLn 2g$783K
Investment incomeLn 3$455
Money outPt IX
$860K
Ln 25
Programscol B$751K
Managementcol C$109K
Owns and owesPt X
$715K
net assets · Ln 32
Cash and savingsLn 1–2$124K
Total assetsLn 16$848K
LiabilitiesLn 26$133K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$783K
Investment incomeLn 3$455
Gains on assetsLn 7$0
Total revenueLn 12$784K
Assets in detailPt X, end of year
CashLn 1$124K
SavingsLn 2$0
Cash and savings togetherLn 1–2$124K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$520K
Other assetsLn 15$179K
Total assetsLn 16$848K
LiabilitiesLn 26$133K
Net assetsLn 32$715K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$97K$124K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$584K$520K
Total assetsLn 16$861K$848K
LiabilitiesLn 26$70K$133K
Net assetsLn 32$791K$715K
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$38K$38K
Legal feesLn 11b$0
Accounting feesLn 11c$23K$23K
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$6K$6K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$73K$73K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$70K$70K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$450K$450K
All other expensesLn 24e$187K$145K$42K
Total functional expensesLn 25$860K$751K$109K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $902K$1.0M−$109K$0 990 PDF
FY2023 $875K$944K−$68K$449K 990 PDF
FY2022 $812K$931K−$119K$518K 990 PDF
FY2021 $824K$902K−$78K$637K 990 PDF
FY2020 Viewing $784K$860K−$76K$715K 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 $783,569 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $798,664$783,114
I-10 Investment incomePrior year $272$455
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $798,936$783,569
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 $864,172$859,664
I-18 Total expensesPrior year $864,172$859,664
I-19 Revenue less expensesPrior year −$65,236−$76,095
Part VI · Governance 0 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $783,569 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $783,114$783,114
VIII-3 Investment incomeExcluded from tax $455$455
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-12 Total revenueRelated to mission $783,114 · Excluded from tax $455$783,569
Part IX · Statement of functional expenses $859,664 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 $37,800$37,800
IX-11b Legal fees$0
IX-11c Accounting feesManagement $23,450$23,450
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $5,641$5,641
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $73,078$73,078
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $69,931$69,931
IX-23 InsurancePrograms $13,034$13,034
IX-24 Other expenses (24a–d)Programs $450,097$450,097
IX-24e All other expensesPrograms $144,825 · Management $41,808$186,633
IX-25 Total functional expensesPrograms $750,965 · Management $108,699 · Fundraising $0$859,664
Part X · Balance sheet $848,152 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $97,377$124,081
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$23,800
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $789$902
X-10c Land, buildings and equipment, netStart of year $583,583$520,112
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $178,802$179,257
X-16 Total assetsStart of year $860,551$848,152
X-17 Accounts payable and accrued expensesStart of year $69,643$114,137
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$19,202
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $69,643$133,339
X-27 Net assets without donor restrictionsStart of year $790,908$714,813
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $790,908$714,813
X-33 Total liabilities and net assetsStart of year $860,551$848,152
Part XI · Reconciliation of net assets $714,813 net assets at year end
XI-1 Total revenue$783,569
XI-2 Total expenses$859,664
XI-3 Revenue less expenses−$76,095
XI-4 Net assets at start of year$790,908
XI-10 Net assets at end of year$714,813

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

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