Clairmont Oaks INC FY2023 filing

Tax-deductible

Decatur, GA501(c)(3)HousingEIN 23-7336582Revenue $3.7M in FY2023

On file with the IRSclairmontoaks.org441 Clairemont Ave, 30030-1894 · Decatur, GATax-exempt since Jul 1974Publicly supported charity — 170(b)(1)(A)(vi)

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To provide quality, affordable housing and services to older adults of all faiths and beliefs.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$94K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
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 5
filings with a surplus
Average deficit $34K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$94K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9.3M
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.7M
+3% vs prior year
Spent
$3.6M
To programs
93%
Net assets
$2.8M
By yearFY2021–FY2025
Revenue
$3.7M
FY2023▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2021$3.2M
FY2022$3.6M
FY2023$3.7M
FY2024$3.9M
FY2025$4.1M
Expenses
$3.6M
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$3.4M
FY2022$3.5M
FY2023$3.6M
FY2024$3.9M
FY2025$4.2M
Net assets
$2.8M
FY2023▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.6M
FY2022$2.7M
FY2023$2.8M
FY2024$2.7M
FY2025$2.6M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1974.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $3.4M Management & general 7% · $258K

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

16 people listed on the 990; $94K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$93,764Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Martin Landrum’s $108K as Executive Director is at the 42nd percentile of top reported officer pay among 2037 $1–10M 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

NameFY2024FY2023FY2022FY2021
Martin Landrum$108,373$93,764$75,518$75,706

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 15aNo

Programs and updates

Offers affordable housing and services for older adults.

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Provided by the organization

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1 program · $3.4M · in their own filed words · FY2022
01

Rentals from a 298 unit apartment community under hud 236 program to provide housing for low and moderate income individuals and families.

$3.4Mprogram 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 · 1 grant · $6K · 2021–2021
Unitemized GrantFY2021$6,114

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Fees for servicesLn 2g$3.5M
Gifts and grantsLn 1h$212K
Investment incomeLn 3$11K
Money outPt IX
$3.6M
Ln 25
Programscol B$3.4M
Managementcol C$258K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$333K
Total assetsLn 16$12.1M
LiabilitiesLn 26$9.3M
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$212K
Government grantsLn 1e$193K
Fees for servicesLn 2g$3.5M
Investment incomeLn 3$11K
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$216K
SavingsLn 2$117K
Cash and savings togetherLn 1–2$333K
Land, buildings, equipmentLn 10c$10.6M
Other assetsLn 15$1.1M
Total assetsLn 16$12.1M
LiabilitiesLn 26$9.3M
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 517
VolunteersI 60
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$464K$333K
Land, buildings, equipmentLn 10c$10.8M$10.6M
Total assetsLn 16$12.1M$12.1M
LiabilitiesLn 26$9.4M$9.3M
Net assetsLn 32$2.7M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2K$2K
Other salaries and wagesLn 7$793K$603K$190K
Pension plan contributionsLn 8$56K$56K
Other employee benefitsLn 9$121K$121K
Payroll taxesLn 10$59K$44K$14K
Management feesLn 11a$22K$22K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$48K$48K
OccupancyLn 16$532K$532K
Conferences, conventions and meetingsLn 19$23K$23K
InterestLn 20$227K$227K
Depreciation, depletion and amortizationLn 22$576K$576K
InsuranceLn 23$154K$154K
Other expenses (24a–d)Ln 24$937K$937K
All other expensesLn 24e$71K$52K$19K
Total functional expensesLn 25$3.6M$3.4M$258K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.1M$4.2M−$172K$2.6M 990 PDF
FY2024 $3.9M$3.9M−$54K$2.7M 990 PDF
FY2023 Viewing $3.7M$3.6M$113K$2.8M 990 PDF
FY2022 $3.6M$3.5M$115K$2.7M 990 PDF
FY2021 $3.2M$3.4M−$172K$2.6M 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 FY2023 990 (6 parts)
Part I · Summary $3,745,823 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $205,175$211,662
I-9 Program service revenuePrior year $3,435,071$3,523,390
I-10 Investment incomePrior year $2,663$10,771
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,642,909$3,745,823
I-13 Grants and similar amounts paidPrior year $6,114$1,700
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,067,216$1,028,046
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,454,445$2,602,796
I-18 Total expensesPrior year $3,527,775$3,632,542
I-19 Revenue less expensesPrior year $115,134$113,281
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $3,745,823 across 6 lines filed
VIII-1e Government grants$193,211
VIII-1f All other contributions, gifts and grants$18,451
VIII-1h Total contributions, gifts and grants$211,662
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,523,390$3,523,390
VIII-3 Investment incomeExcluded from tax $10,771$10,771
VIII-12 Total revenueRelated to mission $3,523,390 · Unrelated business $0 · Excluded from tax $10,771$3,745,823
Part IX · Statement of functional expenses $3,632,542 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $1,700$1,700
IX-7 Other salaries and wagesPrograms $602,754 · Management $190,355$793,109
IX-8 Pension plan contributionsPrograms $55,850$55,850
IX-9 Other employee benefitsPrograms $120,548$120,548
IX-10 Payroll taxesPrograms $44,489 · Management $14,050$58,539
IX-11a Management feesManagement $21,560$21,560
IX-11b Legal feesManagement $1,509$1,509
IX-11c Accounting feesManagement $7,250$7,250
IX-12 Advertising and promotionManagement $4,165$4,165
IX-13 Office expensesPrograms $47,783$47,783
IX-16 OccupancyPrograms $531,640$531,640
IX-19 Conferences, conventions and meetingsPrograms $23,099$23,099
IX-20 InterestPrograms $227,491$227,491
IX-22 Depreciation, depletion and amortizationPrograms $576,468$576,468
IX-23 InsurancePrograms $153,992$153,992
IX-24 Other expenses (24a–d)Programs $937,108$937,108
IX-24e All other expensesPrograms $52,040 · Management $18,691$70,731
IX-25 Total functional expensesPrograms $3,374,962 · Management $257,580 · Fundraising $0$3,632,542
Part X · Balance sheet $12,076,185 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $208,138$216,339
X-2 Savings and temporary cash investmentsStart of year $255,752$116,566
X-10c Land, buildings and equipment, netStart of year $10,754,969$10,581,722
X-14 Intangible assetsStart of year $64,530$59,547
X-15 Other assetsStart of year $774,633$1,102,011
X-16 Total assetsStart of year $12,058,022$12,076,185
X-17 Accounts payable and accrued expensesStart of year $382,085$426,530
X-19 Deferred revenueStart of year $6,447$7,079
X-25 Other liabilitiesStart of year $181,842$181,761
X-26 Total liabilitiesStart of year $9,373,769$9,278,651
X-32 Total net assets or fund balancesStart of year $2,684,253$2,797,534
X-33 Total liabilities and net assetsStart of year $12,058,022$12,076,185
Part XI · Reconciliation of net assets $2,797,534 net assets at year end
XI-1 Total revenue$3,745,823
XI-2 Total expenses$3,632,542
XI-3 Revenue less expenses$113,281
XI-4 Net assets at start of year$2,684,253
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,797,534

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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