Tentmakers INC FY2023 filing

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As a nonprofit community housing development corporation, our unwavering commitment is to make affordable homeownership a reality for low-income households. We accomplish this by helping first time home buyers and homeowners with housing acquisition and rehabilitation.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-8331951) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $37K a year · 18% of revenue · last 2 filings
A surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
95%
of spending
95% of spending went to programs.
Pt IX · Ln 25 · col B
1.3 mo
of spending, in cash
1.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$12K
32% of total assets
Liabilities are 32% of assets.
Pt X · Ln 26
Independent board members
0
of 4 voting members
None of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$287K
+86% vs prior year
Spent
$341K
To programs
95%
Net assets
$25K
By yearFY2021–FY2024
Revenue
$287K
FY2023▲ +86%
Tap a bar for its year
Revenue by fiscal year
FY2021$113K
FY2022$154K
FY2023$287K
FY2024$114K
Expenses
$341K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$341K
FY2024$133K
Net assets
$25K
FY2023▼ -70%
Tap a bar for its year
Net assets by fiscal year
FY2021$9K
FY2022$84K
FY2023$25K
FY2024−$4K

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

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

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $324K Management & general 5% · $17K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A

Joe Serrano’s $19K as CEO is at the 14th percentile of top reported officer pay among 852 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
Joe Serrano$18,503$8,336

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Tentmakers INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps low-income families achieve affordable homeownership through acquisition and rehabilitation assistance.

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1 program · $324K · in their own filed words · FY2022
01

Build tiny houses

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-8331951) · Dispute this line
$324Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$287K
Ln 12
Fees for servicesLn 2g$287K
Money outPt IX
$341K
Ln 25
Programscol B$324K
Managementcol C$17K
Owns and owesPt X
$25K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$37K
LiabilitiesLn 26$12K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$287K
Total revenueLn 12$287K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
Total assetsLn 16$37K
LiabilitiesLn 26$12K
Net assetsLn 32$25K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
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 FY23End FY23
Cash and savingsLn 1–2$89K$37K
Total assetsLn 16$89K$37K
LiabilitiesLn 26$5K$12K
Net assetsLn 32$84K$25K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$12K$12K
Other salaries and wagesLn 7$6K$2K$4K
Payroll taxesLn 10$836$341$495
Accounting feesLn 11c$4K$1K$3K
Advertising and promotionLn 12$5K$5K$12
Office expensesLn 13$10K$4K$6K
OccupancyLn 16$253$253
Conferences, conventions and meetingsLn 19$125$125
InterestLn 20$798$798
InsuranceLn 23$324$125$199
Other expenses (24a–d)Ln 24$217K$215K$2K
All other expensesLn 24e$86K$84K$2K
Total functional expensesLn 25$341K$324K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Aug 27, 2025 $114K$133K−$19K−$4K 990 PDF
FY2023 ViewingFiled with the IRS May 15, 2024 $287K$341K−$54K$25K 990 PDF
FY2022Filed with the IRS Apr 1, 2023 $154K$84K 990 PDF
FY2021Filed with the IRS Feb 25, 2022 $113K$9K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $286,885 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $40,904$0
I-9 Program service revenuePrior year $113,367$286,885
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $154,271$286,885
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$18,692
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $79,231$322,642
I-18 Total expensesPrior year $79,231$341,334
I-19 Revenue less expensesPrior year $75,040−$54,449
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $286,885 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $286,885$286,885
VIII-12 Total revenueRelated to mission $286,885 · Unrelated business $0 · Excluded from tax $0$286,885
Part IX · Statement of functional expenses $341,334 across 12 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $11,741$11,741
IX-7 Other salaries and wagesPrograms $1,615 · Management $4,500$6,115
IX-10 Payroll taxesPrograms $341 · Management $495$836
IX-11c Accounting feesPrograms $1,063 · Management $2,579$3,642
IX-12 Advertising and promotionPrograms $4,780 · Management $12$4,792
IX-13 Office expensesPrograms $3,864 · Management $5,919$9,783
IX-16 OccupancyPrograms $253$253
IX-19 Conferences, conventions and meetingsPrograms $125$125
IX-20 InterestPrograms $798$798
IX-23 InsurancePrograms $125 · Management $199$324
IX-24 Other expenses (24a–d)Programs $215,199 · Management $1,602$216,801
IX-24e All other expensesPrograms $84,411 · Management $1,713$86,124
IX-25 Total functional expensesPrograms $324,315 · Management $17,019 · Fundraising $0$341,334
Part X · Balance sheet $37,026 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $88,704$37,026
X-16 Total assetsStart of year $88,704$37,026
X-17 Accounts payable and accrued expensesStart of year $4,761$375
X-25 Other liabilities$11,446
X-26 Total liabilitiesStart of year $4,761$11,821
X-27 Net assets without donor restrictionsStart of year $83,943$25,205
X-32 Total net assets or fund balancesStart of year $83,943$25,205
X-33 Total liabilities and net assetsStart of year $88,704$37,026
Part XI · Reconciliation of net assets $25,205 net assets at year end
XI-1 Total revenue$286,885
XI-2 Total expenses$341,334
XI-3 Revenue less expenses−$54,449
XI-4 Net assets at start of year$83,943
XI-8 Prior period adjustments−$4,289
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$25,205

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

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