Eileen Corporation

Tax-deductible

Parsippany, NJ501(c)(3)HousingEIN 22-3732619Revenue $34K in FY2020

On file with the IRScommunityhope-nj.org959 Route 46 East Suite 402, 07054-3409 · Parsippany, NJTax-exempt since Aug 2000Publicly supported charity — 170(b)(1)(A)(vi)

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The Eileen Corporation is a hud 811 organization the provides affordable housing to individuals suffering from mental illness.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · 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
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$368K
124% of total assets
Concern: liabilities are 124% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34K
Spent
$43K
To programs
100%
Net assets
−$71K

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020. IRS ruling in Aug 2000.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $43K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Board Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Eileen Corporation 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

Provides affordable housing for individuals with mental illness.

Provided by the organization

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1 program · $43K · in their own filed words · FY2020
01

Hud 811 Subsidized Housing

Affordable housing to individuals suffering from mental illness. The organization has 4 tenants currently residing in the building.

$43Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$34K
Ln 12
Gifts and grantsLn 1h$25K
Fees for servicesLn 2g$8K
Investment incomeLn 3$103
Money outPt IX
$43K
Ln 25
Programscol B$43K
Owns and owesPt X
−$71K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$297K
LiabilitiesLn 26$368K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25K
Government grantsLn 1e$25K
Fees for servicesLn 2g$8K
Investment incomeLn 3$103
Total revenueLn 12$34K
Assets in detailPt X, end of year
CashLn 1$19K
Cash and savings togetherLn 1–2$19K
Land, buildings, equipmentLn 10c$278K
Total assetsLn 16$297K
LiabilitiesLn 26$368K
Net assetsLn 32−$71K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$13K$19K
Land, buildings, equipmentLn 10c$293K$278K
Total assetsLn 16$306K$297K
LiabilitiesLn 26$368K$368K
Net assetsLn 32−$61K−$71K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$2K$2K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$191$191
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$17K$17K
Total functional expensesLn 25$43K$43K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $34K$43K−$10K−$71K 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 FY2020 990 (6 parts)
Part I · Summary $33,593 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,839$25,044
I-9 Program service revenuePrior year $11,001$8,446
I-10 Investment incomePrior year $35$103
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $33,875$33,593
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $52,729$43,222
I-18 Total expensesPrior year $52,729$43,222
I-19 Revenue less expensesPrior year −$18,854−$9,629
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $33,593 across 5 lines filed
VIII-1e Government grants$25,044
VIII-1h Total contributions, gifts and grants$25,044
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,446$8,446
VIII-3 Investment incomeExcluded from tax $103$103
VIII-12 Total revenueRelated to mission $8,446 · Unrelated business $0 · Excluded from tax $103$33,593
Part IX · Statement of functional expenses $43,222 across 6 lines filed
IX-11a Management feesPrograms $2,400$2,400
IX-11c Accounting feesPrograms $6,558$6,558
IX-13 Office expensesPrograms $191$191
IX-22 Depreciation, depletion and amortizationPrograms $14,916$14,916
IX-23 InsurancePrograms $2,400$2,400
IX-24 Other expenses (24a–d)Programs $16,757$16,757
IX-25 Total functional expensesPrograms $43,222 · Management $0 · Fundraising $0$43,222
Part X · Balance sheet $296,767 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $12,864$18,546
X-4 Accounts receivableStart of year $350$28
X-9 Prepaid expenses and deferred chargesStart of year $308$308
X-10c Land, buildings and equipment, netStart of year $292,801$277,885
X-16 Total assetsStart of year $306,323$296,767
X-17 Accounts payable and accrued expensesStart of year $3,352$1,710
X-25 Other liabilitiesStart of year $364,191$365,906
X-26 Total liabilitiesStart of year $367,543$367,616
X-27 Net assets without donor restrictionsStart of year −$61,220−$70,849
X-32 Total net assets or fund balancesStart of year −$61,220−$70,849
X-33 Total liabilities and net assetsStart of year $306,323$296,767
Part XI · Reconciliation of net assets −$70,849 net assets at year end
XI-1 Total revenue$33,593
XI-2 Total expenses$43,222
XI-3 Revenue less expenses−$9,629
XI-4 Net assets at start of year−$61,220
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$70,849

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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