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Marc Homes INC FY2022 filing

Tax-deductible

Muskogee, OK501(c)(3)Since 2004HousingEIN 20-0044654

Provide 22 units of housing for low income persons with disbilities.

501(c)(3) charity; gifts are tax-deductible.
97¢ 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
0 of 5
filings with a surplus
Average deficit $20K a year · 16% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
159% of total assets
Concern: liabilities are 159% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$127K
-10% vs prior year
Spent
$158K
To programs
97%
Net assets
−$396K
By yearFY2020–FY2024
Revenue
$127K
FY2022▼ -10%
Revenue by fiscal year
FY2020$110K
FY2021$141K
FY2022$127K
FY2023$124K
FY2024$127K
FY2024$125K
Expenses
$158K
FY2022▲ +7%
Expenses by fiscal year
FY2020$130K
FY2021$147K
FY2022$158K
FY2023$148K
FY2024$147K
FY2024$163K
Net assets
−$396K
FY2022▼ -8%
Net assets by fiscal year
FY2020−$359K
FY2021−$365K
FY2022−$396K
FY2023−$419K
FY2024−$439K
FY2024−$477K

From the FY2022 Form 990 (year ending June 2022) · see the original

Form 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 2004.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $153K Management & general 3% · $5K

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Avery Rigney
Board Member
$0Pt VII · Sec A
Matthew Beese
Board Member
$0Pt VII · Sec A
Mark Jackson
Board Member
$0Pt VII · Sec A
Jim McClure
Vice-Chairman
$0Pt VII · Sec A
Lynn Cragg
Board Member
$0Pt VII · Sec A
Donna Mealer
Executive Director
$0Pt VII · Sec A
See Marc 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 22 housing units for low-income individuals with disabilities.

Provided by the organization

This section is blank until Marc Homes INC claims this page.

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1 program service account for $153K of program spending, described in the organization's own filed words · FY2021.
01

Provide 22 units of housing for low income persons with disabilities

$153Kprogram expense

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By the numbers

The FY2022 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$127K
Ln 12
Fees for servicesLn 2g$85K
Gifts and grantsLn 1h$42K
Investment incomeLn 3$10
Money outPt IX
$158K
Ln 25
Programscol B$153K
Managementcol C$5K
Owns and owesPt X
−$396K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$672K
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$42K
Government grantsLn 1e$42K
Fees for servicesLn 2g$85K
Investment incomeLn 3$10
Total revenueLn 12$127K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$18K
Cash and savings togetherLn 1–2$20K
Land, buildings, equipmentLn 10c$648K
Other assetsLn 15$4K
Total assetsLn 16$672K
LiabilitiesLn 26$1.1M
Net assetsLn 32−$396K
OperationsPt I, VI
EmployeesI 52
VolunteersI 64
Fiscal year endsHeaderJune
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$15K$20K
Land, buildings, equipmentLn 10c$682K$648K
Total assetsLn 16$703K$672K
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32−$365K−$396K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$30K$30K
Management feesLn 11a$13K$13K
Accounting feesLn 11c$5K$5K
Office expensesLn 13$9K$9K
Depreciation, depletion and amortizationLn 22$34K$34K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$57K$57K
Total functional expensesLn 25$158K$153K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $127K$147K−$20K−$439K 990 PDF
FY2023 $124K$148K−$23K−$419K 990 PDF
FY2022 Viewing $127K$158K−$31K−$396K 990 PDF
FY2021 $141K$147K−$6K−$365K 990 PDF
FY2020 $110K$130K−$21K−$359K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $126,528 across 5 lines filed
VIII-1e Government grants$41,792
VIII-1h Total contributions, gifts and grants$41,792
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $84,726$84,726
VIII-3 Investment incomeRelated to mission $10$10
VIII-12 Total revenueRelated to mission $84,736 · Unrelated business $0 · Excluded from tax $0$126,528
Part IX · Statement of functional expenses $157,562 across 7 lines filed
IX-7 Other salaries and wagesPrograms $29,513$29,513
IX-11a Management feesPrograms $12,671$12,671
IX-11c Accounting feesManagement $5,000$5,000
IX-13 Office expensesPrograms $9,387$9,387
IX-22 Depreciation, depletion and amortizationPrograms $34,200$34,200
IX-23 InsurancePrograms $10,133$10,133
IX-24 Other expenses (24a–d)Programs $56,658$56,658
IX-25 Total functional expensesPrograms $152,562 · Management $5,000 · Fundraising $0$157,562
Part X · Balance sheet $672,255 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $3,326$1,382
X-2 Savings and temporary cash investmentsStart of year $11,644$18,496
X-10c Land, buildings and equipment, netStart of year $682,371$648,171
X-15 Other assetsStart of year $4,714$4,206
X-16 Total assetsStart of year $703,110$672,255
X-17 Accounts payable and accrued expensesStart of year $5,521$6,208
X-25 Other liabilitiesStart of year $1,062,814$1,062,306
X-26 Total liabilitiesStart of year $1,068,335$1,068,514
X-27 Net assets without donor restrictionsStart of year −$365,225−$396,259
X-32 Total net assets or fund balancesStart of year −$365,225−$396,259
X-33 Total liabilities and net assetsStart of year $703,110$672,255
Part XI · Reconciliation of net assets −$396,259 net assets at year end
XI-1 Total revenue$126,528
XI-2 Total expenses$157,562
XI-3 Revenue less expenses−$31,034
XI-4 Net assets at start of year−$365,225
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$396,259

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

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