Colonel Properties INC FY2021 filing

Tax-deductible

Delaware, OH501(c)(3)Mental HealthEIN 20-1297225

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Operate an apartment community for low income persons with disabilities.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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 5
filings with a surplus
Average deficit $43K a year · 40% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$122K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
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
$99K
-2% vs prior year
Spent
$144K
To programs
80%
Net assets
$584K
By yearFY2020–FY2024
Revenue
$99K
FY2021▼ -2%
Revenue by fiscal year
FY2020$101K
FY2021$99K
FY2022$100K
FY2023$122K
FY2024$120K
Expenses
$144K
FY2021▼ -4%
Expenses by fiscal year
FY2020$151K
FY2021$144K
FY2022$177K
FY2023$147K
FY2024$136K
Net assets
$584K
FY2021▼ -7%
Net assets by fiscal year
FY2020$630K
FY2021$584K
FY2022$506K
FY2023$481K
FY2024$465K

From the FY2021 Form 990 · 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 Oct 2004.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $115K Management & general 20% · $29K

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
Sectreasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Colonel Properties 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

Provides housing for low-income individuals with disabilities.

Provided by the organization

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1 program service account for $115K of program spending, described in the organization's own filed words · FY2021.
01

A) To provide Elderly or disabled persons with housing facilities and services specially designed to meet their physical , social, and psychological needs, and to promote their health, security, happiness, and usefulness in longer living.

$115Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$99K
Ln 12
Fees for servicesLn 2g$56K
Gifts and grantsLn 1h$42K
Other incomeLn 4–11$712
Money outPt IX
$144K
Ln 25
Programscol B$115K
Managementcol C$29K
Owns and owesPt X
$584K
net assets · Ln 32
Cash and savingsLn 1–2$513
Total assetsLn 16$706K
LiabilitiesLn 26$122K
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$42K
Fees for servicesLn 2g$56K
Investment incomeLn 3$23
Other incomeLn 4–11$712
Total revenueLn 12$99K
Assets in detailPt X, end of year
CashLn 1$513
Cash and savings togetherLn 1–2$513
Land, buildings, equipmentLn 10c$631K
Other assetsLn 15$67K
Total assetsLn 16$706K
LiabilitiesLn 26$122K
Net assetsLn 32$584K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$4K$513
Land, buildings, equipmentLn 10c$687K$631K
Total assetsLn 16$754K$706K
LiabilitiesLn 26$125K$122K
Net assetsLn 32$630K$584K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1K$1K
Other employee benefitsLn 9$336$336
Payroll taxesLn 10$1K$1K
Management feesLn 11a$8K$8K
Legal feesLn 11b$475$475
Accounting feesLn 11c$11K$11K
OccupancyLn 16$8K$8K
Depreciation, depletion and amortizationLn 22$59K$59K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$44K$44K
All other expensesLn 24e$7K$7K$51
Total functional expensesLn 25$144K$115K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $120K$136K−$16K$465K 990 PDF
FY2023 $122K$147K−$25K$481K 990 PDF
FY2022 $100K$177K−$78K$506K 990 PDF
FY2021 Viewing $99K$144K−$46K$584K 990 PDF
FY2020 $101K$151K−$50K$630K 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 $98,520 across 6 lines filed
VIII-1f All other contributions, gifts and grants$42,112
VIII-1h Total contributions, gifts and grants$42,112
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,673$55,673
VIII-3 Investment incomeRelated to mission $23$23
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $712$712
VIII-12 Total revenueRelated to mission $56,408 · Unrelated business $0 · Excluded from tax $0$98,520
Part IX · Statement of functional expenses $144,045 across 11 lines filed
IX-7 Other salaries and wagesManagement $1,059$1,059
IX-9 Other employee benefitsPrograms $336$336
IX-10 Payroll taxesPrograms $1,017$1,017
IX-11a Management feesManagement $7,920$7,920
IX-11b Legal feesManagement $475$475
IX-11c Accounting feesManagement $11,341$11,341
IX-16 OccupancyManagement $7,896$7,896
IX-22 Depreciation, depletion and amortizationPrograms $58,578$58,578
IX-23 InsurancePrograms $4,282$4,282
IX-24 Other expenses (24a–d)Programs $43,879$43,879
IX-24e All other expensesPrograms $7,211 · Management $51$7,262
IX-25 Total functional expensesPrograms $115,303 · Management $28,742 · Fundraising $0$144,045
Part X · Balance sheet $705,853 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $3,657$513
X-4 Accounts receivableStart of year $266$7,122
X-10c Land, buildings and equipment, netStart of year $686,641$630,913
X-15 Other assetsStart of year $63,490$67,305
X-16 Total assetsStart of year $754,054$705,853
X-17 Accounts payable and accrued expensesStart of year $23,347$25,039
X-25 Other liabilitiesStart of year $2,999$3,049
X-26 Total liabilitiesStart of year $124,519$121,843
X-27 Net assets without donor restrictionsStart of year $629,535$584,010
X-32 Total net assets or fund balancesStart of year $629,535$584,010
X-33 Total liabilities and net assetsStart of year $754,054$705,853
Part XI · Reconciliation of net assets $584,010 net assets at year end
XI-1 Total revenue$98,520
XI-2 Total expenses$144,045
XI-3 Revenue less expenses−$45,525
XI-4 Net assets at start of year$629,535
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$584,010

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

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