Provide affordable housing to low and moderate income housing

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$126K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990-TIndependent: 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
FY2024
latest Form 990-T
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $189K a year · 37% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$126K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
27 mo
of spending, in cash
Looks good: 26.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10.8M
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$590K
+0.5% vs prior year
Spent
$737K
To programs
75%
Net assets
$6.2M
By yearFY2020–FY2024
Revenue
$590K
FY2022+0.5%
Tap a bar for its year
Revenue by fiscal year
FY2020$633K
FY2021$588K
FY2022$590K
FY2023$106K
FY2024$660K
Expenses
$737K
FY2022▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$685K
FY2022$737K
FY2023$576K
FY2024$512K
Net assets
$6.2M
FY2022▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.6M
FY2021$6.3M
FY2022$6.2M
FY2023$5.7M
FY2024$5.9M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Feb 1998.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $555K Management & general 25% · $182K

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

11 people listed on the 990-T; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$125,724Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Vice President - Trustee
$0Pt VII · Sec A
Secretary - Trustee
$0Pt VII · Sec A
Treasurer - Trustee
$0Pt VII · Sec A
President - Trustee
$0Pt VII · Sec A
Municipal Liaison
$0Pt VII · Sec A
$0Pt VII · Sec A

Christine Hofmann’s $175K as Executive Director is at the 96th percentile of top reported officer pay among 851 $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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Christine Hofmann$175,099————
Christine Hoffmann—$128,487$125,724$112,558$105,733

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.

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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 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Builds and provides affordable homes for low and moderate-income families.

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Provided by the organization

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1 program · $555K · in their own filed words · FY2022
01

Renovate and construct new housing for low income housing families, monitor and provide mangement services for low income housing projects for coah compliance

$555Kprogram expense

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$590K
Fees for services$303K
Gifts and grants$185K
Other income$99K
Money out
$737K
Programs$555K
Management$182K
Owns and owes
$6.2M
net assets
Cash and savings$1.7M
Total assets$17.0M
Liabilities$10.8M
People
11
listed
Paid1
Voting board10
Independent10
2In more detail
Revenue in detail
Gifts and grants$185K
Government grants$143K
Fees for services$303K
Investment income$3K
Other income$99K
Total revenue$590K
Assets in detailEnd of year
Cash and savings together$1.7M
Total assets$17.0M
Liabilities$10.8M
Net assets$6.2M
Operations
Employees5
Volunteers8
Fiscal year endsDecember
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $660K$512K$148K$5.9M 990 PDF
FY2023 $106K$576K−$471K$5.7M 990 PDF
FY2022 Viewing $590K$737K−$147K$6.2M 990 PDF
FY2021 $588K$685K−$98K$6.3M 990 PDF
FY2020 $633K$1.0M−$376K$7.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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