Housing for the elderly, hud subsidized

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
2 of 5
filings with a surplus
Average surplus $14K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1.1M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.9M
127% of total assets
Concern: liabilities are 127% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$789K
+48% vs prior year
Spent
$693K
To programs
90%
Net assets
−$1.0M
By yearFY2020–FY2024
Revenue
$789K
FY2022▲ +48%
Tap a bar for its year
Revenue by fiscal year
FY2020$510K
FY2021$534K
FY2022$789K
FY2023$857K
FY2024$1.0M
Expenses
$693K
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$644K
FY2021$638K
FY2022$693K
FY2023$860K
FY2024$825K
Net assets
−$1.0M
FY2022▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.0M
FY2021−$1.1M
FY2022−$1.0M
FY2023−$1.0M
FY2024−$826K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 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 Jan 2003.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $625K Management & general 10% · $68K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See New Vision Community Development 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable, subsidized housing for seniors.

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Provided by the organization

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1 program · $625K · in their own filed words · FY2022
01

71 unit apartment complex for low income seniors

$625Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$1.1M

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$789K
Ln 12
Gifts and grantsLn 1h$611K
Fees for servicesLn 2g$177K
Investment incomeLn 3$1K
Money outPt IX
$693K
Ln 25
Programscol B$625K
Managementcol C$68K
Owns and owesPt X
−$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$3.8M
LiabilitiesLn 26$4.9M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$611K
Government grantsLn 1e$611K
Fees for servicesLn 2g$177K
Investment incomeLn 3$1K
Gains on assetsLn 7$0
Total revenueLn 12$789K
Assets in detailPt X, end of year
CashLn 1$113K
SavingsLn 2$0
Cash and savings togetherLn 1–2$113K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3.3M
Other assetsLn 15$273K
Total assetsLn 16$3.8M
LiabilitiesLn 26$4.9M
Net assetsLn 32−$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$65K$113K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$3.4M$3.3M
Total assetsLn 16$3.7M$3.8M
LiabilitiesLn 26$4.8M$4.9M
Net assetsLn 32−$1.1M−$1.0M
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$103K$103K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$11K$11K
Payroll taxesLn 10$7K$7K
Management feesLn 11a$40K$40K
Legal feesLn 11b$0
Accounting feesLn 11c$28K$28K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$49K$49K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$41K$40K$344
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$293K$293K
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$115K$115K
InsuranceLn 23$752$752
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$693K$625K$68K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$825K$214K−$826K 990 PDF
FY2023 $857K$860K−$3K−$1.0M 990 PDF
FY2022 Viewing $789K$693K$96K−$1.0M 990 PDF
FY2021 $534K$638K−$104K−$1.1M 990 PDF
FY2020 $510K$644K−$135K−$1.0M 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 FY2022 990 (6 parts)
Part I · Summary $789,338 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$610,755
I-9 Program service revenuePrior year $515,614$177,239
I-10 Investment incomePrior year $118$1,344
I-11 Other revenuePrior year $18,321$0
I-12 Total revenuePrior year $534,053$789,338
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 $107,738$121,022
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $530,148$572,379
I-18 Total expensesPrior year $637,886$693,401
I-19 Revenue less expensesPrior year −$103,833$95,937
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $789,338 across 9 lines filed
VIII-1e Government grants$610,755
VIII-1h Total contributions, gifts and grants$610,755
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $177,239$177,239
VIII-3 Investment incomeExcluded from tax $1,344$1,344
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 $177,239 · Excluded from tax $1,344$789,338
Part IX · Statement of functional expenses $693,401 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 staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $102,638$102,638
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $11,029$11,029
IX-10 Payroll taxesPrograms $7,355$7,355
IX-11a Management feesManagement $40,070$40,070
IX-11b Legal fees$0
IX-11c Accounting feesManagement $27,624$27,624
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $48,840$48,840
IX-12 Advertising and promotionPrograms $3,410$3,410
IX-13 Office expensesPrograms $40,500 · Management $344$40,844
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $293,472$293,472
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 $115,094$115,094
IX-23 InsurancePrograms $752$752
IX-24 Other expenses (24a–d)Programs $2,273$2,273
IX-25 Total functional expensesPrograms $625,363 · Management $68,038 · Fundraising $0$693,401
Part X · Balance sheet $3,820,175 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $65,042$112,693
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $5,573$1,361
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $96,347$139,075
X-10c Land, buildings and equipment, netStart of year $3,408,724$3,293,630
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 $101,150$273,416
X-16 Total assetsStart of year $3,676,836$3,820,175
X-17 Accounts payable and accrued expensesStart of year $114,269$163,130
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $2,561$937
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 $15,923$0
X-26 Total liabilitiesStart of year $4,809,253$4,856,655
X-27 Net assets without donor restrictionsStart of year −$1,132,417−$1,036,480
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$1,132,417−$1,036,480
X-33 Total liabilities and net assetsStart of year $3,676,836$3,820,175
Part XI · Reconciliation of net assets −$1,036,480 net assets at year end
XI-1 Total revenue$789,338
XI-2 Total expenses$693,401
XI-3 Revenue less expenses$95,937
XI-4 Net assets at start of year−$1,132,417
XI-10 Net assets at end of year−$1,036,480

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

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