Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Dec 1979.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
73 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
8 people listed on the 990; $55K paid to officers and key staff (Part VII, Section A).
Carmen Watts’s $55K as Executive Di is at the 45th 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 · 1 named individual · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Carmen Watts | $55,000 | $55,000 | $55,000 | $55,000 |
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 Better Homes 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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provide affordable housing through home purchase, rehab, sale, or rental.
Questions for Better Homes INC
Your first name shows with your question. Better Homes INC answers here, for everyone.
Affordable low to moderate income housing
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $90K | $37K |
| InvestmentsLn 11–13 | −$51K | −$51K |
| Land, buildings, equipmentLn 10c | $590K | $535K |
| Total assetsLn 16 | $3.2M | $3.2M |
| LiabilitiesLn 26 | $682K | $620K |
| Net assetsLn 32 | $2.5M | $2.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $70K | $52K | $17K | |
| Other salaries and wagesLn 7 | $58K | $44K | $15K | |
| Other employee benefitsLn 9 | $10K | $8K | $3K | |
| Payroll taxesLn 10 | $11K | $8K | $3K | |
| Accounting feesLn 11c | $9K | $9K | ||
| Office expensesLn 13 | $6K | $6K | ||
| OccupancyLn 16 | $17K | $17K | ||
| InterestLn 20 | $25K | $25K | ||
| Depreciation, depletion and amortizationLn 22 | $55K | $55K | ||
| InsuranceLn 23 | $25K | $13K | $12K | |
| Other expenses (24a–d)Ln 24 | $94K | $76K | $18K | |
| All other expensesLn 24e | $7K | $179 | $6K | |
| Total functional expensesLn 25 | $387K | $281K | $106K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2023 LatestFiled with the IRS Nov 15, 2024 | $290K | $286K | $5K | $2.6M | 990 PDF |
| FY2022Filed with the IRS Nov 20, 2023 | $507K | $303K | $204K | $2.8M | 990 PDF |
| FY2021 ViewingFiled with the IRS Nov 15, 2022 | $443K | $387K | $56K | $2.6M | 990 PDF |
| FY2020Filed with the IRS Nov 15, 2021 | $605K | $394K | $211K | $2.5M | 990 PDF |
Schedules filed Part IV
See the full FY2021 990
Part I · Summary $442,896 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 3 to look at
Part VIII · Statement of revenue $442,896 across 7 lines filed
Part IX · Statement of functional expenses $386,803 across 12 lines filed
Part X · Balance sheet $3,199,597 assets, 16 lines filed
Part XI · Reconciliation of net assets $2,579,663 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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