Chatham Homes for Elderly INC

Tax-deductible

Morristown, TN501(c)(3)Since 2006HousingEIN 20-4420732Revenue $128K in FY2026

On file with the IRSPo Box 1218, 37816-1218 · Morristown, TNTax-exempt since Aug 2006Publicly supported charity — 170(b)(1)(A)(vi)

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To provide housing for low-income Elderly or handicapped tenants under section 202 of the national housing act.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2026 · 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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $46K a year · 39% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
153% of total assets
Concern: liabilities are 153% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$128K
+10% vs prior year
Spent
$188K
To programs
100%
Net assets
−$692K
By yearFY2021–FY2026
Revenue
$128K
FY2026▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2021$108K
FY2022$117K
FY2023$116K
FY2024$117K
FY2025$116K
FY2026$128K
Expenses
$188K
FY2026▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$146K
FY2022$151K
FY2023$146K
FY2024$167K
FY2025$183K
FY2026$188K
Net assets
−$692K
FY2026▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2021−$453K
FY2022−$487K
FY2023−$517K
FY2024−$566K
FY2025−$632K
FY2026−$692K

From the FY2026 Form 990 (year ending March 2026) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Aug 2006.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $188K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Chatham Homes for Elderly 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 affordable housing for seniors and people with disabilities.

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Provided by the organization

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1 program · $188K · in their own filed words · FY2025
01

Provided housing for low-income elderly or handicapped tenants under section 202 of the national housing act; regulated by hud as to rent charges and operating methods. 20 rental units in complex.

$188Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2026 990, line by line.

1The main four
Money inPt VIII
$128K
Ln 12
Fees for servicesLn 2g$89K
Gifts and grantsLn 1h$37K
Investment incomeLn 3$2K
Money outPt IX
$188K
Ln 25
Programscol B$188K
Owns and owesPt X
−$692K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$1.3M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37K
Government grantsLn 1e$37K
Fees for servicesLn 2g$89K
Investment incomeLn 3$2K
Total revenueLn 12$128K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$157K
Total assetsLn 16$1.3M
LiabilitiesLn 26$2.0M
Net assetsLn 32−$692K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY26End FY26
Cash and savingsLn 1–2$10K$3K
Land, buildings, equipmentLn 10c$1.2M$1.1M
Total assetsLn 16$1.4M$1.3M
LiabilitiesLn 26$2.0M$2.0M
Net assetsLn 32−$632K−$692K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$28K$28K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$5K$5K
Depreciation, depletion and amortizationLn 22$54K$54K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$90K$90K
Total functional expensesLn 25$188K$188K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $128K$188K−$60K−$692K 990 PDF
FY2025 $116K$183K−$66K−$632K 990 PDF
FY2024 $117K$167K−$49K−$566K 990 PDF
FY2023 $116K$146K−$30K−$517K 990 PDF
FY2022 $117K$151K−$34K−$487K 990 PDF
FY2021 $108K$146K−$38K−$453K 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 FY2026 990 (6 parts)
Part I · Summary $127,653 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $26,431$36,621
I-9 Program service revenuePrior year $89,126$88,589
I-10 Investment incomePrior year $609$2,443
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $116,166$127,653
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 $182,518$187,644
I-18 Total expensesPrior year $182,518$187,644
I-19 Revenue less expensesPrior year −$66,352−$59,991
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower 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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $127,653 across 5 lines filed
VIII-1e Government grants$36,621
VIII-1h Total contributions, gifts and grants$36,621
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $88,589$88,589
VIII-3 Investment incomeExcluded from tax $2,443$2,443
VIII-12 Total revenueRelated to mission $88,589 · Unrelated business $0 · Excluded from tax $2,443$127,653
Part IX · Statement of functional expenses $187,644 across 7 lines filed
IX-11a Management feesPrograms $27,873$27,873
IX-11c Accounting feesPrograms $3,705$3,705
IX-11g Other fees for servicesPrograms $1,252$1,252
IX-13 Office expensesPrograms $5,265$5,265
IX-22 Depreciation, depletion and amortizationPrograms $54,155$54,155
IX-23 InsurancePrograms $5,321$5,321
IX-24 Other expenses (24a–d)Programs $90,073$90,073
IX-25 Total functional expensesPrograms $187,644 · Management $0 · Fundraising $0$187,644
Part X · Balance sheet $1,305,541 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $10,355$3,483
X-4 Accounts receivableStart of year $1,533$1,295
X-9 Prepaid expenses and deferred chargesStart of year $4,738$4,738
X-10c Land, buildings and equipment, netStart of year $1,193,621$1,139,466
X-15 Other assetsStart of year $153,350$156,559
X-16 Total assetsStart of year $1,363,597$1,305,541
X-17 Accounts payable and accrued expensesStart of year $28,379$28,712
X-25 Other liabilitiesStart of year $5,185$6,787
X-26 Total liabilitiesStart of year $1,996,064$1,997,999
X-27 Net assets without donor restrictionsStart of year −$632,467−$692,458
X-32 Total net assets or fund balancesStart of year −$632,467−$692,458
X-33 Total liabilities and net assetsStart of year $1,363,597$1,305,541
Part XI · Reconciliation of net assets −$692,458 net assets at year end
XI-1 Total revenue$127,653
XI-2 Total expenses$187,644
XI-3 Revenue less expenses−$59,991
XI-4 Net assets at start of year−$632,467
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$692,458

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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