Housing program - to provide low cost housing to needy families.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 3 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 6
filings with a surplus
Average deficit $147K a year · 51% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$55K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$313K
+9% vs prior year
Spent
$482K
To programs
86%
Net assets
$4.0M
By yearFY2020–FY2025
Revenue
$313K
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$274K
FY2021$283K
FY2022$279K
FY2023$282K
FY2024$286K
FY2025$313K
Expenses
$482K
FY2025+0.1%
Tap a bar for its year
Expenses by fiscal year
FY2020$415K
FY2021$384K
FY2022$408K
FY2023$428K
FY2024$482K
FY2025$482K
Net assets
$4.0M
FY2025▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.7M
FY2021$4.6M
FY2022$4.5M
FY2023$4.3M
FY2024$4.1M
FY2025$4.0M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

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

Program services 86% · $413K Management & general 14% · $69K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Aster 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable homes for families in need.

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1 program · $413K · in their own filed words · FY2025
01

Housing Program

Provides low cost housing to needy families.

$413Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$313K
Ln 12
Fees for servicesLn 2g$245K
Gifts and grantsLn 1h$67K
Investment incomeLn 3$238
Money outPt IX
$482K
Ln 25
Programscol B$413K
Managementcol C$69K
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$280K
Total assetsLn 16$4.0M
LiabilitiesLn 26$55K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$67K
Government grantsLn 1e$67K
Fees for servicesLn 2g$245K
Investment incomeLn 3$238
Total revenueLn 12$313K
Assets in detailPt X, end of year
CashLn 1$30K
SavingsLn 2$251K
Cash and savings togetherLn 1–2$280K
Land, buildings, equipmentLn 10c$3.7M
Other assetsLn 15$15K
Total assetsLn 16$4.0M
LiabilitiesLn 26$55K
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
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$332K$280K
Land, buildings, equipmentLn 10c$3.8M$3.7M
Total assetsLn 16$4.2M$4.0M
LiabilitiesLn 26$61K$55K
Net assetsLn 32$4.1M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$29K$1K$28K
Accounting feesLn 11c$23K$23K
Office expensesLn 13$5K$4K$865
OccupancyLn 16$68K$65K$3K
Depreciation, depletion and amortizationLn 22$139K$136K$3K
InsuranceLn 23$13K$13K$259
Other expenses (24a–d)Ln 24$204K$194K$10K
All other expensesLn 24e$466$466
Total functional expensesLn 25$482K$413K$69K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $313K$482K−$169K$4.0M 990 PDF
FY2024 $286K$482K−$195K$4.1M 990 PDF
FY2023 $282K$428K−$146K$4.3M 990 PDF
FY2022 $279K$408K−$129K$4.5M 990 PDF
FY2021 $283K$384K−$101K$4.6M 990 PDF
FY2020 $274K$415K−$141K$4.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $312,871 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $29,573$67,364
I-9 Program service revenuePrior year $256,156$245,269
I-10 Investment incomePrior year $420$238
I-11 Other revenue$0
I-12 Total revenuePrior year $286,149$312,871
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $481,518$482,192
I-18 Total expensesPrior year $481,518$482,192
I-19 Revenue less expensesPrior year −$195,369−$169,321
Part VI · Governance 2 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $312,871 across 5 lines filed
VIII-1e Government grants$67,364
VIII-1h Total contributions, gifts and grants$67,364
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $245,269$245,269
VIII-3 Investment incomeExcluded from tax $238$238
VIII-12 Total revenueRelated to mission $245,269 · Excluded from tax $238$312,871
Part IX · Statement of functional expenses $482,192 across 8 lines filed
IX-11a Management feesPrograms $1,468 · Management $27,901$29,369
IX-11c Accounting feesManagement $23,260$23,260
IX-13 Office expensesPrograms $4,133 · Management $865$4,998
IX-16 OccupancyPrograms $64,864 · Management $3,414$68,278
IX-22 Depreciation, depletion and amortizationPrograms $136,093 · Management $2,777$138,870
IX-23 InsurancePrograms $12,714 · Management $259$12,973
IX-24 Other expenses (24a–d)Programs $193,769 · Management $10,209$203,978
IX-24e All other expensesManagement $466$466
IX-25 Total functional expensesPrograms $413,041 · Management $69,151 · Fundraising $0$482,192
Part X · Balance sheet $4,020,338 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $30,072$29,519
X-2 Savings and temporary cash investmentsStart of year $302,288$250,778
X-4 Accounts receivableStart of year $14$1,032
X-9 Prepaid expenses and deferred chargesStart of year $2,810$3,388
X-10c Land, buildings and equipment, netStart of year $3,846,246$3,720,341
X-15 Other assetsStart of year $15,137$15,280
X-16 Total assetsStart of year $4,196,567$4,020,338
X-17 Accounts payable and accrued expensesStart of year $42,128$36,465
X-19 Deferred revenueStart of year $4,154$2,766
X-25 Other liabilitiesStart of year $15,137$15,280
X-26 Total liabilitiesStart of year $61,419$54,511
X-27 Net assets without donor restrictionsStart of year $4,135,148$3,965,827
X-32 Total net assets or fund balancesStart of year $4,135,148$3,965,827
X-33 Total liabilities and net assetsStart of year $4,196,567$4,020,338
Part XI · Reconciliation of net assets $3,965,827 net assets at year end
XI-1 Total revenue$312,871
XI-2 Total expenses$482,192
XI-3 Revenue less expenses−$169,321
XI-4 Net assets at start of year$4,135,148
XI-10 Net assets at end of year$3,965,827

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

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