M Carter Plaza: Nonprofit Profile, Financials & Form 990 (EIN 20-1648302)

Revenue by fiscal year
FY2020	$429K
FY2021	$453K
FY2022	$451K
FY2023	$471K
FY2024	$513K
FY2025	$522K

Expenses by fiscal year
FY2020	$456K
FY2021	$403K
FY2022	$449K
FY2023	$414K
FY2024	$477K
FY2025	$719K

Net assets by fiscal year
FY2020	$2.0M
FY2021	$2.0M
FY2022	$2.0M
FY2023	$2.1M
FY2024	$2.1M
FY2025	$1.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. 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.

89%

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

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

Something off? Claim to add context

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 →

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.

Questions for M Carter Plaza

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1 program · $643K · in their 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.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-1648302) · Dispute this line

$643Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Jun 2025 · $1.7M federal money spent

Mortgage Insurance Rental Housing in Urban Renewal AreasDepartment of Housing and Urban Development · ALN 14.139 · Direct$1.3M

Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$405K

The auditor reported 3 findings: a weakness in money controls.

Year ending Jun 2024 · $1.5M federal money spent

Mortgage Insurance Rental Housing in Urban Renewal AreasDepartment of Housing and Urban Development · ALN 14.139 · Direct$1.3M

Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$261K

The auditor reported 3 findings: a weakness in money controls.

Year ending Jun 2023 · $1.5M federal money spent

Mortgage Insurance Rental Housing in Urban Renewal AreasDepartment of Housing and Urban Development · ALN 14.139 · Direct$1.3M

Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$189K

The auditor reported 1 finding: a weakness in money controls.

Year ending Jun 2022 · $1.5M federal money spent

Mortgage Insurance Rental Housing in Urban Renewal AreasDepartment of Housing and Urban Development · ALN 14.139 · Direct$1.3M

Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$216K

The auditor reported 2 findings: a weakness in money controls.

By the numbers

The FY2025 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

Accounts receivableLn 4$49K

Prepaid expenses and deferred chargesLn 9$7K

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 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

Line	Start FY25	End FY25
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

Line	Total	Programs	Management	Fundraising
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

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS May 5, 2026	$522K	$719K	−$197K	$1.9M	990 PDF
FY2024Filed with the IRS May 1, 2025	$513K	$477K	$36K	$2.1M	990 PDF
FY2023Filed with the IRS May 14, 2024	$471K	$414K	$57K	$2.1M	990 PDF
FY2022Filed with the IRS May 5, 2023	$451K	$449K	$2K	$2.0M	990 PDF
FY2021Filed with the IRS May 9, 2022	$453K	$403K	$50K	$2.0M	990 PDF
FY2020Filed with the IRS May 17, 2021	$429K	$456K	−$27K	$2.0M	990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments O · Explanations

See the full FY2025 990

Part I · Summary $521,923 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $261,083$404,811

I-9 Program service revenuePrior year $232,330$116,061

I-10 Investment incomePrior year $84$81

I-11 Other revenuePrior year $19,120$970

I-12 Total revenuePrior year $512,617$521,923

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 $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $476,753$718,683

I-18 Total expensesPrior year $476,753$718,683

I-19 Revenue less expensesPrior year $35,864−$196,760

Part VI · Governance 7 of 7 board members independent, 3 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

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 FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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M Carter Plaza

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for M Carter Plaza

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV

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