Sunset Gardens INC FY2023 filing

Not tax-deductible

Centerlia, MO501(c)(4)EIN 23-7415091Revenue $331K in FY2023

On file with the IRS109 E Wigham St, 65240-1070 · Centerlia, MOTax-exempt since Apr 1975

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To provide low income housing for the elderly.

97¢ of each $1 spent went to programs.
$35K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
5 of 5
filings with a surplus
Average surplus $17K a year · 5% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$35K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$685K
145% of total assets
Concern: liabilities are 145% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$331K
+4% vs prior year
Spent
$320K
To programs
97%
Net assets
−$213K
By yearFY2020–FY2024
Revenue
$331K
FY2023▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$297K
FY2021$315K
FY2022$317K
FY2023$331K
FY2024$349K
Expenses
$320K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$292K
FY2021$300K
FY2022$311K
FY2023$320K
FY2024$303K
Net assets
−$213K
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020−$246K
FY2021−$230K
FY2022−$224K
FY2023−$213K
FY2024−$168K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 Apr 1975.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $311K Management & general 3% · $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

11 people listed on the 990; $35K paid to officers and key staff.

Part VII, Section A · reportable compensation
$20,808Pt VII · Sec A
$13,056Pt VII · Sec A
Secretary
$1,224Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Stan Fadler$20,808$20,808$18,360$18,360$14,688
Donna McManama$13,056$13,056$11,424$11,424—
Catena Beard————$9,803
Della Henry$1,224$1,224$1,224$1,224$1,224

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 15aYes

Programs and updates

Offers affordable housing for seniors in need.

Provided by the organization

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1 program · $311K · in their own filed words · FY2023
01

Low income housing for the elderly

$311Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$331K
Ln 12
Fees for servicesLn 2g$322K
Other incomeLn 4–11$7K
Investment incomeLn 3$3K
Money outPt IX
$320K
Ln 25
Programscol B$311K
Managementcol C$9K
Owns and owesPt X
−$213K
net assets · Ln 32
Cash and savingsLn 1–2$196K
Total assetsLn 16$471K
LiabilitiesLn 26$685K
PeoplePt VI, VII
11
listed · VII A
PaidVII A3
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$322K
Investment incomeLn 3$3K
Other incomeLn 4–11$7K
Gains on assetsLn 7−$457
Total revenueLn 12$331K
Assets in detailPt X, end of year
SavingsLn 2$196K
Cash and savings togetherLn 1–2$196K
Land, buildings, equipmentLn 10c$249K
Total assetsLn 16$471K
LiabilitiesLn 26$685K
Net assetsLn 32−$213K
OperationsPt I, VI
EmployeesI 59
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$259K$196K
Land, buildings, equipmentLn 10c$222K$249K
Total assetsLn 16$505K$471K
LiabilitiesLn 26$729K$685K
Net assetsLn 32−$224K−$213K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$35K$35K
Other salaries and wagesLn 7$13K$13K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$143$143
Office expensesLn 13$4K$4K
OccupancyLn 16$82K$82K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$70K$70K
InsuranceLn 23$32K$32K
Other expenses (24a–d)Ln 24$62K$62K
All other expensesLn 24e$7K$7K$102
Total functional expensesLn 25$320K$311K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $349K$303K$46K−$168K 990 PDF
FY2023 Viewing $331K$320K$11K−$213K 990 PDF
FY2022 $317K$311K$6K−$224K 990 PDF
FY2021 $315K$300K$15K−$230K 990 PDF
FY2020 $297K$292K$4K−$246K 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 $330,884 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $309,892$321,542
I-10 Investment incomePrior year $210$2,566
I-11 Other revenuePrior year $7,175$6,776
I-12 Total revenuePrior year $317,277$330,884
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 $48,153$52,024
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $263,126$267,852
I-18 Total expensesPrior year $311,279$319,876
I-19 Revenue less expensesPrior year $5,998$11,008
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $330,884 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $321,542$321,542
VIII-3 Investment incomeExcluded from tax $3,023$3,023
VIII-7 Net gain or loss on sales of assetsUnrelated business −$457−$457
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,776$6,776
VIII-12 Total revenueRelated to mission $328,318 · Unrelated business −$457 · Excluded from tax $3,023$330,884
Part IX · Statement of functional expenses $319,876 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $34,931$34,931
IX-7 Other salaries and wagesPrograms $13,290$13,290
IX-10 Payroll taxesPrograms $3,803$3,803
IX-11c Accounting feesManagement $4,925$4,925
IX-12 Advertising and promotionPrograms $143$143
IX-13 Office expensesManagement $3,628$3,628
IX-16 OccupancyPrograms $81,707$81,707
IX-20 InterestPrograms $6,173$6,173
IX-22 Depreciation, depletion and amortizationPrograms $69,847$69,847
IX-23 InsurancePrograms $32,427$32,427
IX-24 Other expenses (24a–d)Programs $61,624$61,624
IX-24e All other expensesPrograms $7,276 · Management $102$7,378
IX-25 Total functional expensesPrograms $311,221 · Management $8,655 · Fundraising $0$319,876
Part X · Balance sheet $471,272 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $259,313$195,796
X-9 Prepaid expenses and deferred chargesStart of year $23,100$26,758
X-10c Land, buildings and equipment, netStart of year $222,429$248,718
X-16 Total assetsStart of year $504,842$471,272
X-17 Accounts payable and accrued expensesStart of year $7,399$6,072
X-25 Other liabilitiesStart of year $19,863$21,483
X-26 Total liabilitiesStart of year $729,092$684,514
X-27 Net assets without donor restrictionsStart of year −$404,279−$329,007
X-28 Net assets with donor restrictionsStart of year $180,029$115,765
X-32 Total net assets or fund balancesStart of year −$224,250−$213,242
X-33 Total liabilities and net assetsStart of year $504,842$471,272
Part XI · Reconciliation of net assets −$213,242 net assets at year end
XI-1 Total revenue$330,884
XI-2 Total expenses$319,876
XI-3 Revenue less expenses$11,008
XI-4 Net assets at start of year−$224,250
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$213,242

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

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