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Stoneboro Development Corporation FY2021 filing

Tax-deductible

Monroeville, PA501(c)(3)HousingEIN 25-1419863Revenue $395K in FY2021

On file with the IRS1670 Golden Mile Highway, 15146-2002 · Monroeville, PATax-exempt since Feb 1988Publicly supported — 509(a)(2)

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Operation of hud subsidized housing for the low income elderly

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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 $2K 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.9M
292% of total assets
Concern: liabilities are 292% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$395K
Spent
$423K
To programs
100%
Net assets
−$1.2M
By yearFY2021–FY2025
Revenue
$395K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$395K
FY2022$369K
FY2023$456K
FY2024$462K
FY2025$453K
Expenses
$423K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$423K
FY2022$421K
FY2023$468K
FY2024$402K
FY2025$433K
Net assets
−$1.2M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021−$1.2M
FY2022−$1.3M
FY2023−$1.3M
FY2024−$1.2M
FY2025−$1.2M

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 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 ruling in Feb 1988.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $423K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Casey Rose
Secretary/VP
$0Pt VII · Sec A
Mark Schroth
Director
$0Pt VII · Sec A
Julie Widel
President/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
See Stoneboro Development Corporation 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

Provides subsidized housing for low-income seniors.

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Provided by the organization

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1 program · $423K · in their own filed words · FY2020
01

Stoneboro development corpioration D/B/A lakeview manor (corporation) operates a 50-UNIT apartment complex located in mercer county, pennsylvania under section 202 of the national housing act (act), which provides housing for low income elderly individuals. The corporation is regulated by the U.S.

$423Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$395K
Ln 12
Gifts and grantsLn 1h$224K
Fees for servicesLn 2g$171K
Investment incomeLn 3$137
Money outPt IX
$423K
Ln 25
Programscol B$423K
Owns and owesPt X
−$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$644K
LiabilitiesLn 26$1.9M
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$224K
Government grantsLn 1e$224K
Fees for servicesLn 2g$171K
Investment incomeLn 3$137
Total revenueLn 12$395K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
Land, buildings, equipmentLn 10c$491K
Other assetsLn 15$91K
Total assetsLn 16$644K
LiabilitiesLn 26$1.9M
Net assetsLn 32−$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$21K
Land, buildings, equipmentLn 10c$539K$491K
Total assetsLn 16$687K$644K
LiabilitiesLn 26$1.9M$1.9M
Net assetsLn 32−$1.2M−$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$33K$33K
Other employee benefitsLn 9$15K$15K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$27K$27K
Accounting feesLn 11c$10K$10K
Advertising and promotionLn 12$606$606
Office expensesLn 13$7K$7K
OccupancyLn 16$239K$239K
TravelLn 17$587$587
Depreciation, depletion and amortizationLn 22$64K$64K
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$423K$423K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $453K$433K$20K−$1.2M 990 PDF
FY2024 $462K$402K$60K−$1.2M 990 PDF
FY2023 $456K$468K−$13K−$1.3M 990 PDF
FY2022 $369K$421K−$52K−$1.3M 990 PDF
FY2021 Viewing $395K$423K−$28K−$1.2M 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 O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $394,928 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $217,535$223,986
I-9 Program service revenuePrior year $189,086$170,805
I-10 Investment incomePrior year $363$137
I-11 Other revenuePrior year $2,660$0
I-12 Total revenuePrior year $409,644$394,928
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $12,866$50,906
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $462,396$371,626
I-18 Total expensesPrior year $475,262$422,532
I-19 Revenue less expensesPrior year −$65,618−$27,604
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $394,928 across 5 lines filed
VIII-1e Government grants$223,986
VIII-1h Total contributions, gifts and grants$223,986
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $170,805$170,805
VIII-3 Investment incomeExcluded from tax $137$137
VIII-12 Total revenueRelated to mission $170,805 · Excluded from tax $137$394,928
Part IX · Statement of functional expenses $422,532 across 12 lines filed
IX-7 Other salaries and wagesPrograms $32,670$32,670
IX-9 Other employee benefitsPrograms $14,534$14,534
IX-10 Payroll taxesPrograms $3,702$3,702
IX-11a Management feesPrograms $27,130$27,130
IX-11c Accounting feesPrograms $10,173$10,173
IX-12 Advertising and promotionPrograms $606$606
IX-13 Office expensesPrograms $6,722$6,722
IX-16 OccupancyPrograms $238,663$238,663
IX-17 TravelPrograms $587$587
IX-22 Depreciation, depletion and amortizationPrograms $63,532$63,532
IX-23 InsurancePrograms $20,342$20,342
IX-24 Other expenses (24a–d)Programs $3,871$3,871
IX-25 Total functional expensesPrograms $422,532 · Management $0 · Fundraising $0$422,532
Part X · Balance sheet $644,173 assets, 14 lines filed
X-1 Cash, non-interest-bearing$20,978
X-4 Accounts receivable$4,453
X-9 Prepaid expenses and deferred chargesStart of year $3,205$2,088
X-10c Land, buildings and equipment, netStart of year $538,591$491,003
X-14 Intangible assets$34,411
X-15 Other assetsStart of year $114,014$91,240
X-16 Total assetsStart of year $686,785$644,173
X-17 Accounts payable and accrued expensesStart of year $194,410$195,046
X-19 Deferred revenueStart of year $1,948$1,229
X-25 Other liabilitiesStart of year $17,163$14,722
X-26 Total liabilitiesStart of year $1,897,775$1,882,767
X-27 Net assets without donor restrictionsStart of year −$1,210,990−$1,238,594
X-32 Total net assets or fund balancesStart of year −$1,210,990−$1,238,594
X-33 Total liabilities and net assetsStart of year $686,785$644,173
Part XI · Reconciliation of net assets −$1,238,594 net assets at year end
XI-1 Total revenue$394,928
XI-2 Total expenses$422,532
XI-3 Revenue less expenses−$27,604
XI-4 Net assets at start of year−$1,210,990
XI-10 Net assets at end of year−$1,238,594

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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