Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1983.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
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
5 people listed on the 990.
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
Builds and manages affordable housing for seniors.
Questions for Lee Elderly Housing Corporation
Your first name shows with your question. Lee Elderly Housing Corporation answers here, for everyone.
The organization provides 41 units of low income housing for the elderly. Section 8 rental assistance is available for every apartment in the project.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Federal money
The auditor reported 1 finding: a weakness in money controls.
The auditor reported no findings.
The auditor reported no findings.
The auditor reported no findings.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $25K | $65K |
| InvestmentsLn 11–13 | $796K | $814K |
| Land, buildings, equipmentLn 10c | $395K | $332K |
| Total assetsLn 16 | $1.3M | $1.3M |
| LiabilitiesLn 26 | $1.6M | $1.5M |
| Net assetsLn 32 | −$261K | −$212K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $105K | $45K | $60K | |
| Management feesLn 11a | $41K | $41K | ||
| Legal feesLn 11b | $663 | $663 | ||
| Accounting feesLn 11c | $20K | $20K | ||
| Other fees for servicesLn 11g | $196 | $196 | ||
| Advertising and promotionLn 12 | $195 | $195 | ||
| Office expensesLn 13 | $4K | $4K | ||
| OccupancyLn 16 | $119K | $119K | ||
| InterestLn 20 | $84K | $84K | ||
| Depreciation, depletion and amortizationLn 22 | $80K | $80K | ||
| InsuranceLn 23 | $42K | $42K | ||
| Other expenses (24a–d)Ln 24 | $82K | $82K | ||
| All other expensesLn 24e | $250 | $250 | ||
| Total functional expensesLn 25 | $579K | $453K | $126K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Jul 9, 2025 | $628K | $579K | $49K | −$212K | 990 PDF |
| FY2023Filed with the IRS Jun 15, 2024 | $609K | $613K | −$3K | −$261K | 990 PDF |
| FY2022Filed with the IRS Jun 14, 2023 | $586K | $589K | −$3K | −$258K | 990 PDF |
| FY2021Filed with the IRS Jun 10, 2022 | $577K | $573K | $4K | −$255K | 990 PDF |
| FY2020Filed with the IRS Sep 30, 2021 | $530K | $533K | −$3K | −$260K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $628,325 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $628,325 across 3 lines filed
Part IX · Statement of functional expenses $579,416 across 13 lines filed
Part X · Balance sheet $1,317,596 assets, 16 lines filed
Part XI · Reconciliation of net assets −$212,301 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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