Pennshaw Estates INC: FY2024 Nonprofit Profile & Form 990 (EIN 25-1355177)

Revenue by fiscal year
FY2020	$334K
FY2021	$332K
FY2022	$340K
FY2023	$350K
FY2024	$368K
FY2025	$388K

Expenses by fiscal year
FY2020	$326K
FY2021	$321K
FY2022	$637K
FY2023	$345K
FY2024	$331K
FY2025	$339K

Net assets by fiscal year
FY2020	−$288K
FY2021	−$277K
FY2022	−$574K
FY2023	−$569K
FY2024	−$532K
FY2025	−$483K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1979.

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

Where the money goes

86 cents of each dollar spent went to programs.

86%

14%

Program services 86% · $285K Management & general 14% · $46K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Jack Exler

President

$0Pt VII · Sec A

Larry Swanson

V. President

$0Pt VII · Sec A

Pam Miljus

Secretary

$0Pt VII · Sec A

Tamara Howard

Treasurer

$0Pt VII · Sec A

Ron Ciotti

Director

$0Pt VII · Sec A

See Pennshaw Estates 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 15aNo

Programs and updates

Offers housing for low-income elderly and handicapped families.

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1 program · $285K · in their own filed words · FY2023

01

To provide housing for elderly AND/OR handicapped low and moderate income families. There are thirty-six housing units within the pennshaw estates, inc. Complex.

$285Kprogram 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 · $303K · 2021–2021

Ahi-202 Mon Valley INCFY2021$303,407

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Oct 2022 · $1.2M federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$973K

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$236K

The auditor reported no findings.

Year ending Oct 2021 · $1.2M federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$998K

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$227K

The auditor reported no findings.

Year ending Oct 2020 · $1.3M federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$1.0M

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$235K

The auditor reported no findings.

Year ending Oct 2019 · $1.3M federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$1.0M

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$218K

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$368K

Ln 12

Gifts and grantsLn 1h$249K

Fees for servicesLn 2g$103K

Investment incomeLn 3$15K

Money outPt IX

$331K

Ln 25

Programscol B$285K

Managementcol C$46K

Owns and owesPt X

−$532K

net assets · Ln 32

Cash and savingsLn 1–2$513K

Total assetsLn 16$763K

LiabilitiesLn 26$1.3M

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$249K

Government grantsLn 1e$249K

Fees for servicesLn 2g$103K

Investment incomeLn 3$15K

Other incomeLn 4–11$3K

Total revenueLn 12$368K

Assets in detailPt X, end of year

SavingsLn 2$513K

Cash and savings togetherLn 1–2$513K

Land, buildings, equipmentLn 10c$210K

Total assetsLn 16$763K

LiabilitiesLn 26$1.3M

Net assetsLn 32−$532K

OperationsPt I, VI

EmployeesI 50

VolunteersI 65

Fiscal year endsHeaderOctober

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$504K	$513K
Land, buildings, equipmentLn 10c	$224K	$210K
Total assetsLn 16	$751K	$763K
LiabilitiesLn 26	$1.3M	$1.3M
Net assetsLn 32	−$569K	−$532K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$24K	$9K	$14K
Legal feesLn 11b	$2K		$2K
Accounting feesLn 11c	$18K		$18K
Other fees for servicesLn 11g	$99K	$97K	$2K
Advertising and promotionLn 12	$291		$291
Office expensesLn 13	$10K		$10K
OccupancyLn 16	$105K	$105K
InterestLn 20	$58K	$58K
Depreciation, depletion and amortizationLn 22	$14K	$14K
InsuranceLn 23	$2K	$2K
Other expenses (24a–d)Ln 24	$100		$100
Total functional expensesLn 25	$331K	$285K	$46K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Feb 23, 2026	$388K	$339K	$49K	−$483K	990 PDF
FY2024 ViewingFiled with the IRS Mar 11, 2025	$368K	$331K	$37K	−$532K	990 PDF
FY2023Filed with the IRS Mar 11, 2024	$350K	$345K	$5K	−$569K	990 PDF
FY2022Filed with the IRS Mar 1, 2023	$340K	$637K	−$298K	−$574K	990 PDF
FY2021Filed with the IRS Jan 31, 2022	$332K	$321K	$12K	−$277K	990 PDF
FY2020Filed with the IRS Feb 16, 2021	$334K	$326K	$8K	−$288K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $368,471 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $230,796$248,709

I-9 Program service revenuePrior year $105,249$102,511

I-10 Investment incomePrior year $11,030$14,529

I-11 Other revenuePrior year $2,839$2,722

I-12 Total revenuePrior year $349,914$368,471

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 $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $344,878$331,247

I-18 Total expensesPrior year $344,878$331,247

I-19 Revenue less expensesPrior year $5,036$37,224

Part VI · Governance 5 of 5 board members independent, 2 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

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

VI-13 Written whistleblower policyYes

Part VIII · Statement of revenue $368,471 across 6 lines filed

VIII-1e Government grants$248,709

VIII-1h Total contributions, gifts and grants$248,709

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $102,511$102,511

VIII-3 Investment incomeExcluded from tax $14,529$14,529

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,722$2,722

VIII-12 Total revenueRelated to mission $102,511 · Unrelated business $0 · Excluded from tax $17,251$368,471

Part IX · Statement of functional expenses $331,247 across 11 lines filed

IX-11a Management feesPrograms $9,336 · Management $14,253$23,589

IX-11b Legal feesManagement $1,598$1,598

IX-11c Accounting feesManagement $17,788$17,788

IX-11g Other fees for servicesPrograms $96,652 · Management $2,250$98,902

IX-12 Advertising and promotionManagement $291$291

IX-13 Office expensesManagement $9,996$9,996

IX-16 OccupancyPrograms $104,869$104,869

IX-20 InterestPrograms $58,339$58,339

IX-22 Depreciation, depletion and amortizationPrograms $13,999$13,999

IX-23 InsurancePrograms $1,776$1,776

IX-24 Other expenses (24a–d)Management $100$100

IX-25 Total functional expensesPrograms $284,971 · Management $46,276 · Fundraising $0$331,247

Part X · Balance sheet $763,198 assets, 13 lines filed

X-2 Savings and temporary cash investmentsStart of year $503,559$512,721

X-3 Pledges and grants receivableStart of year $2,464$2,470

X-4 Accounts receivableStart of year $3$14,106

X-9 Prepaid expenses and deferred chargesStart of year $21,040$24,394

X-10c Land, buildings and equipment, netStart of year $223,506$209,507

X-16 Total assetsStart of year $750,572$763,198

X-17 Accounts payable and accrued expensesStart of year $48,957$52,561

X-19 Deferred revenueStart of year $7,220$2,570

X-25 Other liabilitiesStart of year $1,263,856$1,240,304

X-26 Total liabilitiesStart of year $1,320,033$1,295,435

X-27 Net assets without donor restrictionsStart of year −$569,461−$532,237

X-32 Total net assets or fund balancesStart of year −$569,461−$532,237

X-33 Total liabilities and net assetsStart of year $750,572$763,198

Part XI · Reconciliation of net assets −$532,237 net assets at year end

XI-1 Total revenue$368,471

XI-2 Total expenses$331,247

XI-3 Revenue less expenses$37,224

XI-4 Net assets at start of year−$569,461

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$532,237

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Pennshaw Estates INC FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Pennshaw Estates INC

Funders

Grants

Federal money

By the numbers

Filing history

Schedules filed Part IV