Ofallon Preservation Nfp: FY2023 Nonprofit Profile & Form 990 (EIN 20-3859870)

Revenue by fiscal year
FY2020	$1.2M
FY2021	$1.4M
FY2022	$1.2M
FY2023	$1.5M
FY2024	$1.6M

Expenses by fiscal year
FY2020	$1.1M
FY2021	$1.1M
FY2022	$1.2M
FY2023	$1.3M
FY2024	$1.4M

Net assets by fiscal year
FY2020	−$1.1M
FY2021	−$839K
FY2022	−$779K
FY2023	−$606K
FY2024	−$377K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2007.

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

Where the money goes

86 cents of each dollar spent went to programs.

86%

14%

Program services 86% · $1.1M Management & general 14% · $181K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation

Hipolito Roldan

President

$0Pt VII · Sec A

Paul Slade

Secretary

$0Pt VII · Sec A

Hank Mendoza

Treasurer

$0Pt VII · Sec A

Laura Selby

COO

$0Pt VII · Sec A

Stephen Porras

Vice-President

$0Pt VII · Sec A

Maritza Hernandez

Controller

$0Pt VII · Sec A

Christian Rodriguez

Vice-President

$0Pt VII · Sec A

Sheri Tucker

Director of Public Housing

$0Pt VII · Sec A

See Ofallon Preservation Nfp 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

Offers safe, decent, and sanitary rental housing for seniors.

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1 program · $1.1M · in their own filed words · FY2023

01

The corporation operates an apartment complex in o'fallon, illinois occupied by elderly. 131 families were served in 2023. The sponsor of this project is hispanic housing development corporation which is an exempt organization.

$1.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 2 grants · $64K · 2020–2021

Hispanic Housing Development CorporationIL · FY2021$37,854

Hispanic Housing Development CorporationIL · FY2020$26,477

Federal money

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

Year ending Dec 2025 · $1.3M federal money spent

Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$1.2M

Multifamily Housing Service CoordinatorsDepartment of Housing and Urban Development · ALN 14.191 · Direct$80K

The auditor reported no findings.

Year ending Dec 2024 · $1.2M federal money spent

Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$1.1M

Multifamily Housing Service CoordinatorsDepartment of Housing and Urban Development · ALN 14.191 · Direct$40K

The auditor reported no findings.

Year ending Dec 2023 · $1.0M federal money spent

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$941K

Multifamily Housing Service CoordinatorsDepartment of Housing and Urban Development · ALN 14.191 · Direct$69K

The auditor reported no findings.

Year ending Dec 2022 · $832K federal money spent

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$766K

Multifamily Housing Service CoordinatorsDepartment of Housing and Urban Development · ALN 14.191 · Direct$66K

The auditor reported no findings.

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.5M

Ln 12

Fees for servicesLn 2g$1.4M

Gifts and grantsLn 1h$69K

Investment incomeLn 3$2K

Money outPt IX

$1.3M

Ln 25

Programscol B$1.1M

Managementcol C$181K

Owns and owesPt X

−$606K

net assets · Ln 32

Cash and savingsLn 1–2$151K

Total assetsLn 16$5.1M

LiabilitiesLn 26$5.7M

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$69K

Government grantsLn 1e$69K

Fees for servicesLn 2g$1.4M

Investment incomeLn 3$2K

Other incomeLn 4–11$254

Total revenueLn 12$1.5M

Assets in detailPt X, end of year

CashLn 1$151K

Cash and savings togetherLn 1–2$151K

Land, buildings, equipmentLn 10c$4.3M

Other assetsLn 15$610K

Total assetsLn 16$5.1M

LiabilitiesLn 26$5.7M

Net assetsLn 32−$606K

OperationsPt I, VI

EmployeesI 50

VolunteersI 62

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$214K	$151K
Land, buildings, equipmentLn 10c	$4.1M	$4.3M
Total assetsLn 16	$5.0M	$5.1M
LiabilitiesLn 26	$5.8M	$5.7M
Net assetsLn 32	−$779K	−$606K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$34K	$34K
Other salaries and wagesLn 7	$213K	$213K
Other employee benefitsLn 9	$70K	$70K
Payroll taxesLn 10	$16K	$16K
Management feesLn 11a	$79K		$79K
Legal feesLn 11b	$749		$749
Accounting feesLn 11c	$29K		$29K
Other fees for servicesLn 11g	$4K		$4K
Advertising and promotionLn 12	$4K	$4K
Office expensesLn 13	$64K	$39K	$25K
OccupancyLn 16	$153K	$153K
InterestLn 20	$205K	$163K	$43K
Depreciation, depletion and amortizationLn 22	$194K	$194K
InsuranceLn 23	$220K	$220K
Other expenses (24a–d)Ln 24	$7K	$6K	$607
Total functional expensesLn 25	$1.3M	$1.1M	$181K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 LatestFiled with the IRS Oct 4, 2025	$1.6M	$1.4M	$228K	−$377K	990 PDF
FY2023 ViewingFiled with the IRS Oct 22, 2024	$1.5M	$1.3M	$173K	−$606K	990 PDF
FY2022Filed with the IRS Nov 6, 2023	$1.2M	$1.2M	$60K	−$779K	990 PDF
FY2021Filed with the IRS Sep 22, 2022	$1.4M	$1.1M	$271K	−$839K	990 PDF
FY2020Filed with the IRS Oct 7, 2021	$1.2M	$1.1M	$65K	−$1.1M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $1,465,260 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $66,011$69,163

I-9 Program service revenuePrior year $1,163,992$1,394,086

I-10 Investment incomePrior year $961$1,757

I-11 Other revenuePrior year $988$254

I-12 Total revenuePrior year $1,231,952$1,465,260

I-13 Grants and similar amounts paidPrior year $0$33,905

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $283,158$299,101

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

I-17 Other expensesPrior year $888,402$959,197

I-18 Total expensesPrior year $1,171,560$1,292,203

I-19 Revenue less expensesPrior year $60,392$173,057

Part VI · Governance 2 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members2

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

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $1,465,260 across 6 lines filed

VIII-1e Government grants$69,163

VIII-1h Total contributions, gifts and grants$69,163

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,394,086$1,394,086

VIII-3 Investment incomeExcluded from tax $1,757$1,757

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $254$254

VIII-12 Total revenueRelated to mission $1,394,340 · Unrelated business $0 · Excluded from tax $1,757$1,465,260

Part IX · Statement of functional expenses $1,292,203 across 15 lines filed

IX-1 Grants to domestic organizationsPrograms $33,905$33,905

IX-7 Other salaries and wagesPrograms $213,098$213,098

IX-9 Other employee benefitsPrograms $70,242$70,242

IX-10 Payroll taxesPrograms $15,761$15,761

IX-11a Management feesManagement $79,200$79,200

IX-11b Legal feesManagement $749$749

IX-11c Accounting feesManagement $28,711$28,711

IX-11g Other fees for servicesManagement $4,300$4,300

IX-12 Advertising and promotionPrograms $4,163$4,163

IX-13 Office expensesPrograms $39,100 · Management $24,623$63,723

IX-16 OccupancyPrograms $153,148$153,148

IX-20 InterestPrograms $162,631 · Management $42,557$205,188

IX-22 Depreciation, depletion and amortizationPrograms $193,572$193,572

IX-23 InsurancePrograms $219,896$219,896

IX-24 Other expenses (24a–d)Programs $5,940 · Management $607$6,547

IX-25 Total functional expensesPrograms $1,111,456 · Management $180,747 · Fundraising $0$1,292,203

Part X · Balance sheet $5,104,726 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $213,519$151,407

X-4 Accounts receivableStart of year $12,519$30,066

X-9 Prepaid expenses and deferred chargesStart of year $6,339$5,058

X-10c Land, buildings and equipment, netStart of year $4,140,301$4,308,160

X-15 Other assetsStart of year $670,608$610,035

X-16 Total assetsStart of year $5,043,286$5,104,726

X-17 Accounts payable and accrued expensesStart of year $648,019$583,312

X-25 Other liabilitiesStart of year $45,523$46,104

X-26 Total liabilitiesStart of year $5,821,989$5,710,372

X-27 Net assets without donor restrictionsStart of year −$778,703−$605,646

X-32 Total net assets or fund balancesStart of year −$778,703−$605,646

X-33 Total liabilities and net assetsStart of year $5,043,286$5,104,726

Part XI · Reconciliation of net assets −$605,646 net assets at year end

XI-1 Total revenue$1,465,260

XI-2 Total expenses$1,292,203

XI-3 Revenue less expenses$173,057

XI-4 Net assets at start of year−$778,703

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$605,646

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Ofallon Preservation Nfp FY2023 filing

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 Ofallon Preservation Nfp

Funders

Grants

Federal money

By the numbers

Filing history

Schedules filed Part IV