Allen A M E Housing Corp FY2020 filing

Tax-deductible

Jamaica, NY501(c)(3)Community DevelopmentEIN 11-2600290Revenue $1.1M in FY2020

On file with the IRS11031 Merrick Blvd, 11433-3440 · Jamaica, NYTax-exempt since Sep 1982Publicly supported charity — 170(b)(1)(A)(vi)

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The corporation provides affordable housing to the underserved, economically challanged individuals of the South Jamaica Community of Queens, New York. The organization also works with local development projects on an administrative level to acquire funds used to augment the housing provision.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$175K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
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
1 of 5
filings with a surplus
Average deficit $189K a year · 14% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$175K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.9M
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$1.2M
To programs
89%
Net assets
$4.4M
By yearFY2020–FY2024
Revenue
$1.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.4M
FY2022$1.3M
FY2023$1.1M
FY2024$1.6M
Expenses
$1.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.4M
FY2023$1.5M
FY2024$2.0M
Net assets
$4.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.4M
FY2021$4.4M
FY2022$4.3M
FY2023$4.0M
FY2024$3.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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 ruling in Sep 1982.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $1.1M Management & general 11% · $133K

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

8 people listed on the 990; $175K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director of Finance
$100,000Pt VII · Sec A
Director of Operations
$75,000Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kevin Howard’s $115K as Director of Finance is at the 27th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kevin Howard$115,000$115,000$115,000$115,000$100,000
Harold Flake$100,000$100,000$100,000$100,000$75,000
Stefanie Kenchen$90,000$90,000$90,000$92,000—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 and supports local development projects for low-income residents.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2020
01

The Corporation provides affordable housing to eligible applicants residing in the South Queens Neighborhood. Some Commercial spaces are rented to businesses to subsidize the below market rents charged to residence.

$1.1Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.1M
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$133K
Owns and owesPt X
$4.4M
net assets · Ln 32
Cash and savingsLn 1–2$65K
Total assetsLn 16$8.3M
LiabilitiesLn 26$3.9M
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.1M
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$65K
Cash and savings togetherLn 1–2$65K
Land, buildings, equipmentLn 10c$4.3M
Other assetsLn 15$3.4M
Total assetsLn 16$8.3M
LiabilitiesLn 26$3.9M
Net assetsLn 32$4.4M
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$32K$65K
Land, buildings, equipmentLn 10c$4.4M$4.3M
Total assetsLn 16$8.4M$8.3M
LiabilitiesLn 26$3.9M$3.9M
Net assetsLn 32$4.5M$4.4M
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$205K$164K$41K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$179K$144K$36K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$29K$23K$6K
Payroll taxesLn 10$29K$23K$6K
Management feesLn 11a$18K$18K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$16K$13K$3K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$48K$39K$10K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$134K$134K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$178K$153K$25K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$358K$353K$5K
All other expensesLn 24e$8K$7K$2K
Total functional expensesLn 25$1.2M$1.1M$133K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.6M$2.0M−$407K$3.5M 990 PDF
FY2023 $1.1M$1.5M−$373K$4.0M 990 PDF
FY2022 $1.3M$1.4M−$102K$4.3M 990 PDF
FY2021 $1.4M$1.4M$34K$4.4M 990 PDF
FY2020 Viewing $1.1M$1.2M−$95K$4.4M 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 $1,107,678 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,138,561$1,107,678
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,138,561$1,107,678
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $433,263$442,488
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $911,170$759,818
I-18 Total expensesPrior year $1,344,433$1,202,306
I-19 Revenue less expensesPrior year −$205,872−$94,628
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,107,678 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,107,678$1,107,678
VIII-12 Total revenueRelated to mission $1,107,678$1,107,678
Part IX · Statement of functional expenses $1,202,306 across 30 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 staffPrograms $164,072 · Management $40,928$205,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $143,513 · Management $35,878$179,391
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $23,446 · Management $5,861$29,307
IX-10 Payroll taxesPrograms $23,032 · Management $5,758$28,790
IX-11a Management feesPrograms $18,255$18,255
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $13,182 · Management $3,295$16,477
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $38,542 · Management $9,636$48,178
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $133,645$133,645
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $152,521 · Management $25,050$177,571
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $352,665 · Management $4,837$357,502
IX-24e All other expensesPrograms $6,552 · Management $1,638$8,190
IX-25 Total functional expensesPrograms $1,069,425 · Management $132,881 · Fundraising $0$1,202,306
Part X · Balance sheet $8,270,576 assets, 14 lines filed
Asset lines not itemized here account for $305,931; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $31,560$64,686
X-4 Accounts receivableStart of year $194,729$225,098
X-10c Land, buildings and equipment, netStart of year $4,419,570$4,294,322
X-15 Other assetsStart of year $3,481,633$3,380,539
X-16 Total assetsStart of year $8,433,423$8,270,576
X-17 Accounts payable and accrued expensesStart of year $310,807$197,539
X-19 Deferred revenueStart of year $5,450$28,767
X-24 Unsecured notes and loans payable$85,671
X-25 Other liabilitiesStart of year $354,540$352,164
X-26 Total liabilitiesStart of year $3,928,155$3,859,936
X-27 Net assets without donor restrictionsStart of year $4,320,445$4,296,652
X-28 Net assets with donor restrictionsStart of year $184,823$113,988
X-32 Total net assets or fund balancesStart of year $4,505,268$4,410,640
X-33 Total liabilities and net assetsStart of year $8,433,423$8,270,576
Part XI · Reconciliation of net assets $4,410,640 net assets at year end
XI-1 Total revenue$1,107,678
XI-2 Total expenses$1,202,306
XI-3 Revenue less expenses−$94,628
XI-4 Net assets at start of year$4,505,268
XI-10 Net assets at end of year$4,410,640

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

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