Wellsboro Shared Homes INC FY2020 filing

Wellsboro, PAUnknown exempt organizationSince 1979 EIN 23-2115837Revenue $529K in FY2020

On file with the IRS25 Central Ave · Wellsboro, PA

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To provide low-cost housing to elderly residents of the Wellsboro PA area

81¢ of each $1 spent went to programs.
$78K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $7K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$78K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$529K
Spent
$536K
To programs
81%
Net assets
$497K
By yearFY2020–FY2025
Revenue
$529K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$529K
FY2021$421K
FY2022$573K
FY2023$609K
FY2024$244K
FY2025$260K
Expenses
$536K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$536K
FY2021$502K
FY2022$566K
FY2023$648K
FY2024$294K
FY2025$47K
Net assets
$497K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$497K
FY2021$416K
FY2022$401K
FY2023$362K
FY2024$312K
FY2025$0

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $436K Management & general 19% · $100K

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

13 people listed on the 990; $78K paid to officers and key staff.

Part VII, Section A · reportable compensation
Assistant Executive Office
$44,722Pt VII · Sec A
Assistant Executive Office
$33,498Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Virginia Jackson$23,296$49,920$49,308$2,022—
Barbara Cleveland———$40,400$44,722
Julie Cook——$38,792$11,375—
Whitney Holley———$21,454$33,498

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

Programs and updates

Offers affordable housing for seniors in the Wellsboro, PA area.

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Provided by the organization

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1 program · $436K · in their own filed words · FY2020
01

To provide low-cost housing to elderly residents of the wellsboro, pa area

$436Kprogram 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$5K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$529K
Ln 12
Fees for servicesLn 2g$453K
Gifts and grantsLn 1h$75K
Investment incomeLn 3$30
Money outPt IX
$536K
Ln 25
Programscol B$436K
Managementcol C$100K
Owns and owesPt X
$497K
net assets · Ln 32
Cash and savingsLn 1–2$52K
Total assetsLn 16$497K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$75K
Government grantsLn 1e$18K
Fees for servicesLn 2g$453K
Investment incomeLn 3$30
Total revenueLn 12$529K
Assets in detailPt X, end of year
CashLn 1$52K
Cash and savings togetherLn 1–2$52K
Land, buildings, equipmentLn 10c$395K
Total assetsLn 16$497K
LiabilitiesLn 26$0
Net assetsLn 32$497K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$35K$52K
Land, buildings, equipmentLn 10c$419K$395K
Total assetsLn 16$504K$497K
LiabilitiesLn 26$0$0
Net assetsLn 32$504K$497K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$319K$241K$78K
Payroll taxesLn 10$22K$14K$8K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$406$406
Office expensesLn 13$2K$2K
OccupancyLn 16$52K$44K$8K
Depreciation, depletion and amortizationLn 22$36K$36K
Other expenses (24a–d)Ln 24$101K$100K$1K
All other expensesLn 24e$644$324$320
Total functional expensesLn 25$536K$436K$100K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $260K$47K$212K$0 990 PDF
FY2024Filed with the IRS May 8, 2025 $244K$294K−$50K$312K 990 PDF
FY2023Filed with the IRS May 9, 2024 $609K$648K−$39K$362K 990 PDF
FY2022Filed with the IRS May 8, 2023 $573K$566K$8K$401K 990 PDF
FY2021Filed with the IRS Jun 15, 2022 $421K$502K−$80K$416K 990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021 $529K$536K−$7K$497K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $528,830 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $37,624$75,429
I-9 Program service revenuePrior year $464,258$453,371
I-10 Investment incomePrior year $1,095$30
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $502,977$528,830
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 $347,125$341,328
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $191,036$194,282
I-18 Total expensesPrior year $538,161$535,610
I-19 Revenue less expensesPrior year −$35,184−$6,780
Part VI · Governance 16 of 16 board members independent, 5 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $528,830 across 6 lines filed
VIII-1e Government grants$17,880
VIII-1f All other contributions, gifts and grants$57,549
VIII-1h Total contributions, gifts and grants$75,429
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $453,371$453,371
VIII-3 Investment incomeRelated to mission $30$30
VIII-12 Total revenueRelated to mission $30 · Unrelated business $0 · Excluded from tax $453,371$528,830
Part IX · Statement of functional expenses $535,610 across 9 lines filed
IX-7 Other salaries and wagesPrograms $240,957 · Management $78,220$319,177
IX-10 Payroll taxesPrograms $14,329 · Management $7,822$22,151
IX-11c Accounting feesManagement $2,340$2,340
IX-12 Advertising and promotionPrograms $406$406
IX-13 Office expensesManagement $2,431$2,431
IX-16 OccupancyPrograms $44,156 · Management $7,792$51,948
IX-22 Depreciation, depletion and amortizationPrograms $35,536$35,536
IX-24 Other expenses (24a–d)Programs $99,947 · Management $1,030$100,977
IX-24e All other expensesPrograms $324 · Management $320$644
IX-25 Total functional expensesPrograms $435,655 · Management $99,955 · Fundraising $0$535,610
Part X · Balance sheet $496,985 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $34,568$51,757
X-4 Accounts receivableStart of year $50,038$50,038
X-10c Land, buildings and equipment, netStart of year $419,159$395,190
X-16 Total assetsStart of year $503,765$496,985
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $503,765$496,985
X-32 Total net assets or fund balancesStart of year $503,765$496,985
X-33 Total liabilities and net assetsStart of year $503,765$496,985
Part XI · Reconciliation of net assets $496,985 net assets at year end
XI-1 Total revenue$528,830
XI-2 Total expenses$535,610
XI-3 Revenue less expenses−$6,780
XI-4 Net assets at start of year$503,765
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$496,985

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

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