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M Carter Plaza

Tax-deductible

Portland, OR501(c)(3)Since 2003HousingEIN 20-1648302

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M. Carter plaza's mission is to provide affordable housing to low-income families.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $23K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
29 mo
of spending, in cash
Looks good: 28.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$187K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$522K
+2% vs prior year
Spent
$719K
To programs
89%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$522K
FY2024▲ +2%
Revenue by fiscal year
FY2020$429K
FY2021$453K
FY2022$451K
FY2023$471K
FY2024$513K
FY2024$522K
Expenses
$719K
FY2024▲ +51%
Expenses by fiscal year
FY2020$456K
FY2021$403K
FY2022$449K
FY2023$414K
FY2024$477K
FY2024$719K
Net assets
$1.9M
FY2024▼ -9%
Net assets by fiscal year
FY2020$2.0M
FY2021$2.0M
FY2022$2.0M
FY2023$2.1M
FY2024$2.1M
FY2024$1.9M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2005.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $643K Management & general 11% · $76K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Damien Hall
Board Chair
$0Pt VII · Sec A
Eric Hunter
Board Vice Chair
$0Pt VII · Sec A
Judy Silke
Board Treasurer
$0Pt VII · Sec A
Don Shanklin
Board Secretary
$0Pt VII · Sec A
Andy Cotugno
Board Director
$0Pt VII · Sec A
Rev Dr Leroy Haynes
Board Director
$0Pt VII · Sec A
Melvin Broadous
Board Director
$0Pt VII · Sec A
Kymberly Horner
Chief Executive Officer
$0Pt VII · Sec A
See M Carter Plaza 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 homes for families with limited income.

Provided by the organization

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1 program service account for $643K of program spending, described in the organization's own filed words · FY2024.
01

The organization provides 56 units of low income housing under the guidance and oversight of the U.S. Department of housing and urban development.

$643Kprogram expense

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$522K
Ln 12
Gifts and grantsLn 1h$405K
Fees for servicesLn 2g$116K
Other incomeLn 4–11$970
Money outPt IX
$719K
Ln 25
Programscol B$643K
Managementcol C$76K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$2.1M
LiabilitiesLn 26$187K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$405K
Government grantsLn 1e$405K
Fees for servicesLn 2g$116K
Investment incomeLn 3$81
Other incomeLn 4–11$970
Total revenueLn 12$522K
Assets in detailPt X, end of year
CashLn 1$247K
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$356K
Total assetsLn 16$2.1M
LiabilitiesLn 26$187K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$1.8M$1.7M
Land, buildings, equipmentLn 10c$314K$356K
Total assetsLn 16$2.2M$2.1M
LiabilitiesLn 26$38K$187K
Net assetsLn 32$2.1M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$38K$38K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$423K$417K$6K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$15K$15K
OccupancyLn 16$86K$86K
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$38K$38K
Other expenses (24a–d)Ln 24$70K$46K$23K
Total functional expensesLn 25$719K$643K$76K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $513K$477K$36K$2.1M 990 PDF
FY2023 $471K$414K$57K$2.1M 990 PDF
FY2022 $451K$449K$2K$2.0M 990 PDF
FY2021 $453K$403K$50K$2.0M 990 PDF
FY2020 $429K$456K−$27K$2.0M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $521,923 across 6 lines filed
VIII-1e Government grants$404,811
VIII-1h Total contributions, gifts and grants$404,811
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $116,061$116,061
VIII-3 Investment incomeExcluded from tax $81$81
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $970$970
VIII-12 Total revenueRelated to mission $116,061 · Unrelated business $0 · Excluded from tax $1,051$521,923
Part IX · Statement of functional expenses $718,683 across 10 lines filed
IX-11a Management feesPrograms $38,259$38,259
IX-11b Legal feesManagement $2,381$2,381
IX-11c Accounting feesManagement $24,568$24,568
IX-11g Other fees for servicesPrograms $417,348 · Management $5,933$423,281
IX-12 Advertising and promotionManagement $4,154$4,154
IX-13 Office expensesManagement $15,194$15,194
IX-16 OccupancyPrograms $86,317$86,317
IX-22 Depreciation, depletion and amortizationPrograms $16,516$16,516
IX-23 InsurancePrograms $38,183$38,183
IX-24 Other expenses (24a–d)Programs $46,495 · Management $23,335$69,830
IX-25 Total functional expensesPrograms $643,118 · Management $75,565 · Fundraising $0$718,683
Part X · Balance sheet $2,123,828 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $72,511$247,011
X-2 Savings and temporary cash investmentsStart of year $1,689,615$1,464,988
X-4 Accounts receivableStart of year $86,031$49,069
X-9 Prepaid expenses and deferred chargesStart of year $9,415$6,668
X-10c Land, buildings and equipment, netStart of year $313,866$356,092
X-16 Total assetsStart of year $2,171,438$2,123,828
X-17 Accounts payable and accrued expensesStart of year $21,885$167,280
X-19 Deferred revenueStart of year $7,865$11,581
X-25 Other liabilitiesStart of year $8,575$8,614
X-26 Total liabilitiesStart of year $38,325$187,475
X-27 Net assets without donor restrictionsStart of year $2,133,113$1,936,353
X-32 Total net assets or fund balancesStart of year $2,133,113$1,936,353
X-33 Total liabilities and net assetsStart of year $2,171,438$2,123,828
Part XI · Reconciliation of net assets $1,936,353 net assets at year end
XI-1 Total revenue$521,923
XI-2 Total expenses$718,683
XI-3 Revenue less expenses−$196,760
XI-4 Net assets at start of year$2,133,113
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,936,353

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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