Provide low income housing for senior citizens

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $592K a year · 29% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
30 mo
of spending, in cash
Looks good: 30.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.5M
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$991K
Spent
$992K
To programs
99%
Net assets
$5.5M
By yearFY2020–FY2024
Revenue
$991K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$991K
FY2021$1.4M
FY2022$4.3M
FY2023$1.9M
FY2024$1.6M
Expenses
$992K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$992K
FY2021$1.4M
FY2022$1.6M
FY2023$1.8M
FY2024$1.4M
Net assets
$5.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.5M
FY2021$5.6M
FY2022$8.2M
FY2023$8.1M
FY2024$8.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 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 Aug 1980.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $983K Management & general 1% · $9K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See St Nicholas Foundation INC 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

Offers affordable housing for senior citizens.

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Provided by the organization

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1 program · $983K · in their own filed words · FY2020
01

The foundation maintains and manages 76 subsidized rental units for the elderly. The foundation provides grants and allocations to seniors and others for education and religious purposes.

$983Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 89 grants · $1.8M · 2020–2024
FiliCA · FY2024$19,500
Unitemized GrantFY2024$10,100
Valley Performing Arts CenterCA · FY2024$10,000
Union Rescue MissionCA · FY2024$10,000
Svc Senior CenterCA · FY2024$10,000
Pal Youth CampCA · FY2024$10,000
Kids N Cancer - Camp AgapeCA · FY2024$10,000
IoccMD · FY2024$10,000
Homeboy IndustriesCA · FY2024$10,000
Holy Cross School of Th EologMA · FY2024$10,000
The Harmony ProjectCA · FY2024$10,000
See all 89 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$991K
Ln 12
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$25K
Money outPt IX
$992K
Ln 25
Programscol B$983K
Managementcol C$9K
Owns and owesPt X
$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$8.0M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$25K
Gains on assetsLn 7$0
Total revenueLn 12$991K
Assets in detailPt X, end of year
CashLn 1$678K
SavingsLn 2$1.8M
Cash and savings togetherLn 1–2$2.5M
InvestmentsLn 11–13$2.2M
Land, buildings, equipmentLn 10c$3.2M
Other assetsLn 15$4K
Total assetsLn 16$8.0M
LiabilitiesLn 26$2.5M
Net assetsLn 32$5.5M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$2.9M$2.5M
InvestmentsLn 11–13$1.7M$2.2M
Land, buildings, equipmentLn 10c$3.4M$3.2M
Total assetsLn 16$8.1M$8.0M
LiabilitiesLn 26$2.6M$2.5M
Net assetsLn 32$5.5M$5.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$260K$260K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$17K$17K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$119K$119K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$8K$8K
Management feesLn 11a$79K$79K
Legal feesLn 11b$8K$3K$5K
Accounting feesLn 11c$17K$17K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$32K$32K$210
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$20K$20K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$2K$2K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$44K$44K
InsuranceLn 23$59K$55K$4K
Other expenses (24a–d)Ln 24$279K$279K
All other expensesLn 24e$48K$48K$150
Total functional expensesLn 25$992K$983K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.6M$1.4M$219K$8.0M 990 PDF
FY2023 $1.9M$1.8M$38K$8.1M 990 PDF
FY2022 $4.3M$1.6M$2.7M$8.2M 990 PDF
FY2021 $1.4M$1.4M$26K$5.6M 990 PDF
FY2020 Viewing $991K$992K−$1K$5.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $991,062 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,159,513$1,179,413
I-10 Investment incomePrior year $68,521$25,351
I-11 Other revenuePrior year −$149,231−$213,702
I-12 Total revenuePrior year $1,078,803$991,062
I-13 Grants and similar amounts paidPrior year $185,250$277,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $112,698$126,640
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $580,365$588,628
I-18 Total expensesPrior year $878,313$992,268
I-19 Revenue less expensesPrior year $200,490−$1,206
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $991,062 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,179,413$1,179,413
VIII-3 Investment incomeRelated to mission $18,820 · Excluded from tax $6,531$25,351
VIII-5 Royalties$0
VIII-6 Net rental income or lossUnrelated business −$235,990−$235,990
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $22,288$22,288
VIII-12 Total revenueRelated to mission $1,220,521 · Unrelated business −$235,990 · Excluded from tax $6,531$991,062
Part IX · Statement of functional expenses $992,268 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $260,000$260,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $17,000$17,000
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $118,598$118,598
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $8,042$8,042
IX-11a Management feesPrograms $79,230$79,230
IX-11b Legal feesPrograms $2,897 · Management $5,000$7,897
IX-11c Accounting feesPrograms $17,300$17,300
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $31,732 · Management $210$31,942
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $20,379$20,379
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $1,870$1,870
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $43,967$43,967
IX-23 InsurancePrograms $54,828 · Management $3,951$58,779
IX-24 Other expenses (24a–d)Programs $279,070$279,070
IX-24e All other expensesPrograms $48,044 · Management $150$48,194
IX-25 Total functional expensesPrograms $982,957 · Management $9,311 · Fundraising $0$992,268
Part X · Balance sheet $8,010,867 assets, 19 lines filed
Asset lines not itemized here account for $20,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $497,730$678,342
X-2 Savings and temporary cash investmentsStart of year $2,407,168$1,839,827
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $35,131$24,448
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $37,285$37,228
X-10c Land, buildings and equipment, netStart of year $3,394,906$3,151,996
X-11 Publicly traded securitiesStart of year $198,214$219,853
X-12 Other securitiesStart of year $1,508,200$2,008,200
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $35,311$27,162
X-15 Other assetsStart of year $15,818$3,811
X-16 Total assetsStart of year $8,149,763$8,010,867
X-17 Accounts payable and accrued expensesStart of year $22,662$26,096
X-25 Other liabilitiesStart of year $39,540$37,494
X-26 Total liabilitiesStart of year $2,611,196$2,473,506
X-27 Net assets without donor restrictionsStart of year $5,538,567$5,537,361
X-32 Total net assets or fund balancesStart of year $5,538,567$5,537,361
X-33 Total liabilities and net assetsStart of year $8,149,763$8,010,867
Part XI · Reconciliation of net assets $5,537,361 net assets at year end
XI-1 Total revenue$991,062
XI-2 Total expenses$992,268
XI-3 Revenue less expenses−$1,206
XI-4 Net assets at start of year$5,538,567
XI-10 Net assets at end of year$5,537,361

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

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