Blackberry McCarr Development INC FY2021 filing

Tax-deductible

Pikeville, KY501(c)(3)Since 2005HousingEIN 20-0482499

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Low income housing for the elderly

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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 4
filings with a surplus
Average deficit $74K a year · 127% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.1M
162% of total assets
Concern: liabilities are 162% of assets; over 80%.
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
$52K
Spent
$120K
To programs
100%
Net assets
−$788K
By yearFY2021–FY2024
Revenue
$52K
FY2021
Revenue by fiscal year
FY2021$52K
FY2022$48K
FY2023$47K
FY2024$84K
FY2024$124K
Expenses
$120K
FY2021
Expenses by fiscal year
FY2021$120K
FY2022$119K
FY2023$121K
FY2024$166K
FY2024$168K
Net assets
−$788K
FY2021
Net assets by fiscal year
FY2021−$788K
FY2022−$859K
FY2023−$933K
FY2024−$1.0M
FY2024−$1.1M

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 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 Jun 2004.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $120K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
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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

Provides affordable housing for seniors with limited incomes.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2020.
01

The organization operates a 24 unit apartment complex that provides low income housing for the elderly. The corporation operates under the provisions of section 202 of the housing act 0f 1959.

Pt IX · col B

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$52K
Ln 12
Fees for servicesLn 2g$51K
Other incomeLn 4–11$2K
Investment incomeLn 3$44
Money outPt IX
$120K
Ln 25
Programscol B$120K
Owns and owesPt X
−$788K
net assets · Ln 32
Cash and savingsLn 1–2$49K
Total assetsLn 16$1.3M
LiabilitiesLn 26$2.1M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$51K
Investment incomeLn 3$44
Other incomeLn 4–11$2K
Total revenueLn 12$52K
Assets in detailPt X, end of year
CashLn 1$49K
Cash and savings togetherLn 1–2$49K
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$1.3M
LiabilitiesLn 26$2.1M
Net assetsLn 32−$788K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$43K$49K
Land, buildings, equipmentLn 10c$1.3M$1.2M
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$2.0M$2.1M
Net assetsLn 32−$721K−$788K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
OccupancyLn 16$21K$21K
TravelLn 17$24$24
Depreciation, depletion and amortizationLn 22$50K$50K
Other expenses (24a–d)Ln 24$37K$37K
All other expensesLn 24e$9K$9K
Total functional expensesLn 25$120K$120K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $84K$166K−$82K−$1.0M 990 PDF
FY2023 $47K$121K−$75K−$933K 990 PDF
FY2022 $48K$119K−$70K−$859K 990 PDF
FY2021 Viewing $52K$120K−$67K−$788K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $52,359 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $50,742$50,742
VIII-3 Investment incomeRelated to mission $44$44
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,573$1,573
VIII-12 Total revenueRelated to mission $52,359$52,359
Part IX · Statement of functional expenses $119,657 across 6 lines filed
IX-11c Accounting feesPrograms $2,482$2,482
IX-16 OccupancyPrograms $21,123$21,123
IX-17 TravelPrograms $24$24
IX-22 Depreciation, depletion and amortizationPrograms $50,175$50,175
IX-24 Other expenses (24a–d)Programs $36,612$36,612
IX-24e All other expensesPrograms $9,241$9,241
IX-25 Total functional expensesPrograms $119,657 · Management $0 · Fundraising $0$119,657
Part X · Balance sheet $1,266,654 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $42,771$48,628
X-4 Accounts receivableStart of year $48$41
X-10c Land, buildings and equipment, netStart of year $1,268,160$1,217,985
X-16 Total assetsStart of year $1,310,979$1,266,654
X-17 Accounts payable and accrued expensesStart of year $3,939$1,287
X-19 Deferred revenueStart of year $107$93
X-25 Other liabilitiesStart of year $45,782$71,421
X-26 Total liabilitiesStart of year $2,031,828$2,054,801
X-27 Net assets without donor restrictionsStart of year −$720,849−$788,147
X-32 Total net assets or fund balancesStart of year −$720,849−$788,147
X-33 Total liabilities and net assetsStart of year $1,310,979$1,266,654
Part XI · Reconciliation of net assets −$788,147 net assets at year end
XI-1 Total revenue$52,359
XI-2 Total expenses$119,657
XI-3 Revenue less expenses−$67,298
XI-4 Net assets at start of year−$720,849
XI-10 Net assets at end of year−$788,147

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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