Dunson School Redevelopment Corporation

Tax-deductible

Lagrange, GA501(c)(3)Since 2007HousingEIN 20-3092853Revenue $213K in FY2025

On file with the IRS1302 Brownwood Ave, 30240-4972 · Lagrange, GATax-exempt since Aug 2005Publicly supported charity — 170(b)(1)(A)(vi)

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To provide low-income, elderly 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.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $41K a year · 20% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.3M
133% of total assets
Concern: liabilities are 133% of assets; over 80%.
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
$213K
-45% vs prior year
Spent
$307K
To programs
75%
Net assets
−$823K
By yearFY2020–FY2025
Revenue
$213K
FY2025▼ -45%
Tap a bar for its year
Revenue by fiscal year
FY2020$149K
FY2021$149K
FY2022$172K
FY2023$143K
FY2024$391K
FY2025$213K
Expenses
$307K
FY2025▲ +40%
Tap a bar for its year
Expenses by fiscal year
FY2020$209K
FY2021$234K
FY2022$267K
FY2023$231K
FY2024$218K
FY2025$307K
Net assets
−$823K
FY2025▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020−$680K
FY2021−$765K
FY2022−$860K
FY2023−$948K
FY2024−$775K
FY2025−$823K

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2005.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $229K Management & general 25% · $78K

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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Dunson School Redevelopment Corporation 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 housing and services for low-income seniors, promoting their well-being and independence.

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Provided by the organization

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1 program · $229K · in their own filed words · FY2024
01

The dunson school apartments provide 28 one-bedroom units, a community room, central laundry & an outdoor patio area. Units are available to seniors 62 years and older with incomes at or below 50% of the area median income. Residents pay no more than 30% of their adjusted income toward rent and utilities.

$229Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$213K
Ln 12
Gifts and grantsLn 1h$122K
Other incomeLn 4–11$88K
Investment incomeLn 3$4K
Money outPt IX
$307K
Ln 25
Programscol B$229K
Managementcol C$78K
Owns and owesPt X
−$823K
net assets · Ln 32
Cash and savingsLn 1–2$212K
Total assetsLn 16$2.5M
LiabilitiesLn 26$3.3M
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$122K
Government grantsLn 1e$122K
Investment incomeLn 3$4K
Other incomeLn 4–11$88K
Total revenueLn 12$213K
Assets in detailPt X, end of year
CashLn 1$37K
SavingsLn 2$174K
Cash and savings togetherLn 1–2$212K
Land, buildings, equipmentLn 10c$2.2M
Other assetsLn 15$15K
Total assetsLn 16$2.5M
LiabilitiesLn 26$3.3M
Net assetsLn 32−$823K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$194K$212K
Land, buildings, equipmentLn 10c$2.3M$2.2M
Total assetsLn 16$2.6M$2.5M
LiabilitiesLn 26$3.3M$3.3M
Net assetsLn 32−$775K−$823K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$43K$43K
Accounting feesLn 11c$9K$9K
Office expensesLn 13$69K$69K
Payments to affiliatesLn 21$22K$22K
Depreciation, depletion and amortizationLn 22$84K$84K
InsuranceLn 23$25K$25K
Other expenses (24a–d)Ln 24$55K$55K
Total functional expensesLn 25$307K$229K$78K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $213K$307K−$93K−$823K 990 PDF
FY2024 $391K$218K$172K−$775K 990 PDF
FY2023 $143K$231K−$88K−$948K 990 PDF
FY2022 $172K$267K−$95K−$860K 990 PDF
FY2021 $149K$234K−$85K−$765K 990 PDF
FY2020 $149K$209K−$60K−$680K 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 FY2025 990 (6 parts)
Part I · Summary $213,341 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $90,959$121,580
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $244,159$4,055
I-11 Other revenuePrior year $55,733$87,706
I-12 Total revenuePrior year $390,851$213,341
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 $35,835$42,901
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $182,569$263,651
I-18 Total expensesPrior year $218,404$306,552
I-19 Revenue less expensesPrior year $172,447−$93,211
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $213,341 across 5 lines filed
VIII-1e Government grants$121,580
VIII-1h Total contributions, gifts and grants$121,580
VIII-3 Investment incomeRelated to mission $4,055$4,055
VIII-6 Net rental income or lossRelated to mission $87,706$87,706
VIII-12 Total revenueRelated to mission $91,761 · Unrelated business $0 · Excluded from tax $0$213,341
Part IX · Statement of functional expenses $306,552 across 7 lines filed
IX-7 Other salaries and wagesPrograms $42,901$42,901
IX-11c Accounting feesManagement $9,008$9,008
IX-13 Office expensesManagement $68,792$68,792
IX-21 Payments to affiliatesPrograms $21,970$21,970
IX-22 Depreciation, depletion and amortizationPrograms $83,680$83,680
IX-23 InsurancePrograms $25,412$25,412
IX-24 Other expenses (24a–d)Programs $54,789$54,789
IX-25 Total functional expensesPrograms $228,752 · Management $77,800 · Fundraising $0$306,552
Part X · Balance sheet $2,477,632 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $32,823$37,465
X-2 Savings and temporary cash investmentsStart of year $161,122$174,441
X-4 Accounts receivableStart of year $29,227$16,176
X-9 Prepaid expenses and deferred chargesStart of year $6,955$6,630
X-10c Land, buildings and equipment, netStart of year $2,311,663$2,227,983
X-15 Other assetsStart of year $14,730$14,937
X-16 Total assetsStart of year $2,556,520$2,477,632
X-17 Accounts payable and accrued expensesStart of year $51,863$11,721
X-25 Other liabilitiesStart of year $3,279,925$3,288,920
X-26 Total liabilitiesStart of year $3,331,788$3,300,641
X-27 Net assets without donor restrictionsStart of year −$775,268−$823,009
X-32 Total net assets or fund balancesStart of year −$775,268−$823,009
X-33 Total liabilities and net assetsStart of year $2,556,520$2,477,632
Part XI · Reconciliation of net assets −$823,009 net assets at year end
XI-1 Total revenue$213,341
XI-2 Total expenses$306,552
XI-3 Revenue less expenses−$93,211
XI-4 Net assets at start of year−$775,268
XI-9 Other changes in net assets$45,470
XI-10 Net assets at end of year−$823,009

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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