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Mwa III INC

Tax-deductible

Wdm, IA501(c)(3)Crime & LegalEIN 20-4721365Revenue $60K in FY2025

On file with the IRS1200 Valley West Dr Ste 108, 50266-1902 · Wdm, IATax-exempt since Aug 2006Publicly supported charity — 170(b)(1)(A)(vi)

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Provide adequate low-cost housing to disabled/elderly citizens of muscatine, iowa by purchasing, remodeling, and renting housing.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
0 of 5
filings with a surplus
Average deficit $16K a year · 31% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$573K
91% of total assets
Concern: liabilities are 91% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$60K
+13% vs prior year
Spent
$63K
To programs
77%
Net assets
$58K
By yearFY2021–FY2025
Revenue
$60K
FY2025▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2021$40K
FY2022$49K
FY2023$49K
FY2024$53K
FY2025$60K
Expenses
$63K
FY2025▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2021$68K
FY2022$62K
FY2023$65K
FY2024$71K
FY2025$63K
Net assets
$58K
FY2025▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2021$109K
FY2022$96K
FY2023$80K
FY2024$62K
FY2025$58K

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

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2006.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $49K Management & general 23% · $15K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
John Beckey
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael Dunlap
V. Pres/Secr
$0Pt VII · Sec A
$0Pt VII · Sec A
Carli Fix
Director
$0Pt VII · Sec A
Julie Frye
Director
$0Pt VII · Sec A
Bret Olson
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mwa III 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

Purchases, remodels, and rents homes for disabled and elderly Muscatine residents.

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Provided by the organization

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1 program · $49K · in their own filed words · FY2024
01

Provide adequate low-cost housing to DISABLED/ELDERLY citizens by purchasing, remodeling, and renting housing.

$49Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$60K
Ln 12
Fees for servicesLn 2g$60K
Investment incomeLn 3$6
Money outPt IX
$63K
Ln 25
Programscol B$49K
Managementcol C$15K
Owns and owesPt X
$58K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$631K
LiabilitiesLn 26$573K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$60K
Investment incomeLn 3$6
Total revenueLn 12$60K
Assets in detailPt X, end of year
CashLn 1$8K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$19K
Land, buildings, equipmentLn 10c$610K
Total assetsLn 16$631K
LiabilitiesLn 26$573K
Net assetsLn 32$58K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
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
LineStart FY25End FY25
Cash and savingsLn 1–2$14K$19K
Land, buildings, equipmentLn 10c$625K$610K
Total assetsLn 16$640K$631K
LiabilitiesLn 26$579K$573K
Net assetsLn 32$62K$58K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2K$2K
Other employee benefitsLn 9$8$8
Payroll taxesLn 10$207$207
Management feesLn 11a$4K$4K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$248$248
OccupancyLn 16$21K$21K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$7K$7K$44
Other expenses (24a–d)Ln 24$855$855
Total functional expensesLn 25$63K$49K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $60K$63K−$4K$58K 990 PDF
FY2024 $53K$71K−$19K$62K 990 PDF
FY2023 $49K$65K−$16K$80K 990 PDF
FY2022 $49K$62K−$13K$96K 990 PDF
FY2021 $40K$68K−$28K$109K 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 $59,756 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $52,750$59,750
I-10 Investment incomePrior year $5$6
I-11 Other revenue$0
I-12 Total revenuePrior year $52,755$59,756
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,228$2,513
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $69,080$60,915
I-18 Total expensesPrior year $71,308$63,428
I-19 Revenue less expensesPrior year −$18,553−$3,672
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $59,756 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $59,750$59,750
VIII-3 Investment incomeExcluded from tax $6$6
VIII-12 Total revenueRelated to mission $59,750 · Excluded from tax $6$59,756
Part IX · Statement of functional expenses $63,428 across 10 lines filed
IX-7 Other salaries and wagesManagement $2,298$2,298
IX-9 Other employee benefitsManagement $8$8
IX-10 Payroll taxesManagement $207$207
IX-11a Management feesManagement $4,445$4,445
IX-11c Accounting feesManagement $6,550$6,550
IX-13 Office expensesManagement $248$248
IX-16 OccupancyPrograms $21,136$21,136
IX-22 Depreciation, depletion and amortizationPrograms $20,350$20,350
IX-23 InsurancePrograms $7,287 · Management $44$7,331
IX-24 Other expenses (24a–d)Management $855$855
IX-25 Total functional expensesPrograms $48,773 · Management $14,655 · Fundraising $0$63,428
Part X · Balance sheet $630,805 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,889$7,782
X-2 Savings and temporary cash investmentsStart of year $10,701$10,991
X-4 Accounts receivable$390
X-9 Prepaid expenses and deferred chargesStart of year $1,524$1,837
X-10c Land, buildings and equipment, netStart of year $625,202$609,805
X-16 Total assetsStart of year $640,316$630,805
X-17 Accounts payable and accrued expensesStart of year $26,239$19,783
X-19 Deferred revenueStart of year $2,079$2,696
X-25 Other liabilitiesStart of year $1,070$1,070
X-26 Total liabilitiesStart of year $578,588$572,749
X-27 Net assets without donor restrictionsStart of year $61,728$58,056
X-32 Total net assets or fund balancesStart of year $61,728$58,056
X-33 Total liabilities and net assetsStart of year $640,316$630,805
Part XI · Reconciliation of net assets $58,056 net assets at year end
XI-1 Total revenue$59,756
XI-2 Total expenses$63,428
XI-3 Revenue less expenses−$3,672
XI-4 Net assets at start of year$61,728
XI-10 Net assets at end of year$58,056

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

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