The organization provides low income housing for the elderly while promoting independence.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$771K
Spent
$283K
To programs
69%
Net assets
$84K
By yearFY2020–FY2022
Revenue
$771K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$771K
FY2021$0
FY2022$0
Net assets
$84K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$84K
FY2021$82K
FY2022$79K

From the FY2020 Form 990 (year ending March 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Aug 1975.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $196K Management & general 31% · $87K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
See Meadows at Middlesettlement 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 15aYes

Programs and updates

Provides affordable housing and promotes independence for low-income seniors.

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Provided by the organization

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1 program · $196K · in their own filed words · FY2019
01

A housing project is available for rental of low income apartments to the elderly.

$196Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$771K
Ln 12
Investment incomeLn 3$594K
Fees for servicesLn 2g$111K
Other incomeLn 4–11$67K
Money outPt IX
$283K
Ln 25
Programscol B$196K
Managementcol C$87K
Owns and owesPt X
$84K
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$84K
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$111K
Investment incomeLn 3$594K
Other incomeLn 4–11$67K
Gains on assetsLn 7$594K
Total revenueLn 12$771K
Assets in detailPt X, end of year
CashLn 1$84K
Cash and savings togetherLn 1–2$84K
Other assetsLn 15$0
Total assetsLn 16$84K
LiabilitiesLn 26$0
Net assetsLn 32$84K
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderMarch
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 FY20End FY20
Cash and savingsLn 1–2$208K$84K
Total assetsLn 16$2.3M$84K
LiabilitiesLn 26$81K$0
Net assetsLn 32$2.2M$84K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$34K$34K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$27K$27K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$55$55
Office expensesLn 13$9K$9K
OccupancyLn 16$76K$76K
Depreciation, depletion and amortizationLn 22$48K$48K
InsuranceLn 23$24K$24K
Other expenses (24a–d)Ln 24$58K$48K$10K
Total functional expensesLn 25$283K$196K$87K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $0$79K 990 PDF
FY2021 $0$82K 990 PDF
FY2020 Viewing $771K$283K$488K$84K 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 FY2020 990 (6 parts)
Part I · Summary $771,418 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $392,056$110,745
I-10 Investment incomePrior year $0$593,843
I-11 Other revenuePrior year $7,999$66,830
I-12 Total revenuePrior year $400,055$771,418
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 $66,284$38,706
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $417,569$244,255
I-18 Total expensesPrior year $483,853$282,961
I-19 Revenue less expensesPrior year −$83,798$488,457
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $771,418 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $110,745$110,745
VIII-7 Net gain or loss on sales of assetsExcluded from tax $593,843$593,843
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $66,830$66,830
VIII-12 Total revenueRelated to mission $177,575 · Unrelated business $0 · Excluded from tax $593,843$771,418
Part IX · Statement of functional expenses $282,961 across 10 lines filed
IX-7 Other salaries and wagesManagement $34,245$34,245
IX-10 Payroll taxesManagement $4,461$4,461
IX-11a Management feesManagement $27,444$27,444
IX-11c Accounting feesManagement $2,200$2,200
IX-11g Other fees for servicesManagement $55$55
IX-13 Office expensesManagement $9,092$9,092
IX-16 OccupancyPrograms $75,723$75,723
IX-22 Depreciation, depletion and amortizationPrograms $48,493$48,493
IX-23 InsurancePrograms $23,745$23,745
IX-24 Other expenses (24a–d)Programs $47,987 · Management $9,516$57,503
IX-25 Total functional expensesPrograms $195,948 · Management $87,013 · Fundraising $0$282,961
Part X · Balance sheet $84,081 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $207,712$84,081
X-15 Other assetsStart of year $1,626,602$0
X-16 Total assetsStart of year $2,256,552$84,081
X-25 Other liabilitiesStart of year $16,364$0
X-26 Total liabilitiesStart of year $80,802$0
X-27 Net assets without donor restrictionsStart of year $2,175,750$84,081
X-32 Total net assets or fund balancesStart of year $2,175,750$84,081
X-33 Total liabilities and net assetsStart of year $2,256,552$84,081
Part XI · Reconciliation of net assets $84,081 net assets at year end
XI-1 Total revenue$771,418
XI-2 Total expenses$282,961
XI-3 Revenue less expenses$488,457
XI-4 Net assets at start of year$2,175,750
XI-9 Other changes in net assets−$2,580,126
XI-10 Net assets at end of year$84,081

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

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