Lyon Mountain Housing Development Fund: Nonprofit Profile, Financials & Form 990 (EIN 14-1699490)

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

75 cents of each dollar spent went to programs.

75%

25%

Program services 75% · $99K Management & general 25% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation

Jean Leclair

President

$0Pt VII · Sec A

Claire Kowalowski

Vice President

$0Pt VII · Sec A

Cathy Moulton

Secretary

$0Pt VII · Sec A

Joan Fetzko

Director

$0Pt VII · Sec A

Shirley Durnin

Director

$0Pt VII · Sec A

Sybil Woodward

Director

$0Pt VII · Sec A

Robin Chase

Director

$0Pt VII · Sec A

Brenda Owen

Director

$0Pt VII · Sec A

See Lyon Mountain Housing Development Fund executive salaries →

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 affordable apartments for seniors and disabled individuals.

Questions for Lyon Mountain Housing Development Fund

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1 program · $99K · in their own filed words · FY2020

01

Expenses relating to the operation and maintenance of an 18-UNIT senior citizens housing complex, primarily low-income senior citizens.

$99Kprogram expense

Funders

Who pays for it.

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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Dec 2017 · $809K federal money spent

Rural Rental Housing LoansDepartment of Agriculture · ALN 10.415 · Direct$809K

The auditor reported no findings.

Year ending Dec 2016 · $816K federal money spent

Rural Rental Housing LoansDepartment of Agriculture · ALN 10.415 · Direct$816K

The auditor reported no findings.

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$95K

Ln 12

Fees for servicesLn 2g$93K

Other incomeLn 4–11$1K

Investment incomeLn 3$19

Money outPt IX

$133K

Ln 25

Programscol B$99K

Managementcol C$33K

Owns and owesPt X

$462K

net assets · Ln 32

Cash and savingsLn 1–2$55K

Total assetsLn 16$471K

LiabilitiesLn 26$10K

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$93K

Investment incomeLn 3$19

Other incomeLn 4–11$1K

Total revenueLn 12$95K

Assets in detailPt X, end of year

CashLn 1$55K

Cash and savings togetherLn 1–2$55K

Accounts receivableLn 4$6K

Prepaid expenses and deferred chargesLn 9$8K

Land, buildings, equipmentLn 10c$395K

Other assetsLn 15$8K

Total assetsLn 16$471K

LiabilitiesLn 26$10K

Net assetsLn 32$462K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$51K	$55K
Land, buildings, equipmentLn 10c	$420K	$395K
Total assetsLn 16	$508K	$471K
LiabilitiesLn 26	$9K	$10K
Net assetsLn 32	$500K	$462K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$20K	$10K	$10K
Payroll taxesLn 10	$898		$898
Management feesLn 11a	$11K		$11K
Legal feesLn 11b	$3K		$3K
Other fees for servicesLn 11g	$5K	$3K	$2K
Office expensesLn 13	$2K		$2K
OccupancyLn 16	$31K	$31K
Depreciation, depletion and amortizationLn 22	$25K	$25K
InsuranceLn 23	$9K	$9K
Other expenses (24a–d)Ln 24	$22K	$19K	$2K
All other expensesLn 24e	$4K	$3K	$2K
Total functional expensesLn 25	$133K	$99K	$33K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2020 Latest ViewingFiled with the IRS Jun 29, 2021	$95K	$133K	−$38K	$462K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $94,713 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $117,536$93,239

I-10 Investment incomePrior year $22$19

I-11 Other revenuePrior year $796,363$1,455

I-12 Total revenuePrior year $913,921$94,713

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 $21,451$20,725

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

I-17 Other expensesPrior year $110,768$111,936

I-18 Total expensesPrior year $132,219$132,661

I-19 Revenue less expensesPrior year $781,702−$37,948

Part VI · Governance 8 of 8 board members independent, 2 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

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-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $94,713 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $93,239$93,239

VIII-3 Investment incomeExcluded from tax $19$19

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,455$1,455

VIII-12 Total revenueRelated to mission $93,239 · Unrelated business $0 · Excluded from tax $1,474$94,713

Part IX · Statement of functional expenses $132,661 across 11 lines filed

IX-7 Other salaries and wagesPrograms $9,675 · Management $10,152$19,827

IX-10 Payroll taxesManagement $898$898

IX-11a Management feesManagement $10,869$10,869

IX-11b Legal feesManagement $3,346$3,346

IX-11g Other fees for servicesPrograms $2,570 · Management $2,500$5,070

IX-13 Office expensesManagement $1,647$1,647

IX-16 OccupancyPrograms $31,224$31,224

IX-22 Depreciation, depletion and amortizationPrograms $24,543$24,543

IX-23 InsurancePrograms $9,423$9,423

IX-24 Other expenses (24a–d)Programs $19,305 · Management $2,335$21,640

IX-24e All other expensesPrograms $2,564 · Management $1,610$4,174

IX-25 Total functional expensesPrograms $99,304 · Management $33,357 · Fundraising $0$132,661

Part X · Balance sheet $471,336 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $51,296$55,345

X-4 Accounts receivableStart of year $8,301$5,746

X-9 Prepaid expenses and deferred chargesStart of year $6,299$7,723

X-10c Land, buildings and equipment, netStart of year $419,548$395,005

X-15 Other assetsStart of year $22,889$7,517

X-16 Total assetsStart of year $508,333$471,336

X-17 Accounts payable and accrued expensesStart of year $2,567$2,178

X-25 Other liabilitiesStart of year $6,177$7,517

X-26 Total liabilitiesStart of year $8,744$9,695

X-27 Net assets without donor restrictionsStart of year $499,589$461,641

X-32 Total net assets or fund balancesStart of year $499,589$461,641

X-33 Total liabilities and net assetsStart of year $508,333$471,336

Part XI · Reconciliation of net assets $461,641 net assets at year end

XI-1 Total revenue$94,713

XI-2 Total expenses$132,661

XI-3 Revenue less expenses−$37,948

XI-4 Net assets at start of year$499,589

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$461,641

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

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Lyon Mountain Housing Development Fund

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 Lyon Mountain Housing Development Fund

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV