To acquire, develop, maintain and manage real and personal property

501(c)(3) charity; gifts are tax-deductible.
88¢ 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
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
3 of 6
filings with a surplus
Average surplus $7K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$500K
115% of total assets
Concern: liabilities are 115% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$1.0M
To programs
88%
Net assets
−$65K
By yearFY2020–FY2025
Revenue
$1.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.6M
FY2022$1.3M
FY2023$624K
FY2024$503K
FY2025$729K
Expenses
$1.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.6M
FY2022$1.2M
FY2023$671K
FY2024$562K
FY2025$758K
Net assets
−$65K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$65K
FY2021$28K
FY2022$84K
FY2023$37K
FY2024−$23K
FY2025−$52K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jan 1992.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $925K Management & general 12% · $123K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Threshold Housing Development 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 15aYes

Programs and updates

Acquires, develops, maintains, and manages real and personal property.

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1 program · $925K · in their own filed words · FY2019
01

Threshold housing development's (THD) purpose is to acquire, develop, hold, operate, maintain, and manage real and personal PROPERTY.THD'S mission is to develop, promote, encourage or enhance the level of self-sufficiency of low income, disabled, or elderly individuals and families through developing affordable, efficient housing units…

$925Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$584K
Other incomeLn 4–11$495K
Money outPt IX
$1.0M
Ln 25
Programscol B$925K
Managementcol C$123K
Owns and owesPt X
−$65K
net assets · Ln 32
Cash and savingsLn 1–2$106K
Total assetsLn 16$435K
LiabilitiesLn 26$500K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$584K
Government grantsLn 1e$584K
Other incomeLn 4–11$495K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$106K
Cash and savings togetherLn 1–2$106K
Land, buildings, equipmentLn 10c$137K
Other assetsLn 15$135K
Total assetsLn 16$435K
LiabilitiesLn 26$500K
Net assetsLn 32−$65K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$180K$106K
Land, buildings, equipmentLn 10c$140K$137K
Total assetsLn 16$462K$435K
LiabilitiesLn 26$557K$500K
Net assetsLn 32−$95K−$65K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$140K$82K$58K
Other employee benefitsLn 9$46K$32K$14K
Legal feesLn 11b$4K$4K
Other fees for servicesLn 11g$9K$7K$2K
Office expensesLn 13$4K$3K$666
OccupancyLn 16$14K$13K$1K
TravelLn 17$5K$4K$723
InterestLn 20$13K$5K$8K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$14K$1K$13K
Other expenses (24a–d)Ln 24$715K$705K$10K
All other expensesLn 24e$82K$69K$12K
Total functional expensesLn 25$1.0M$925K$123K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $729K$758K−$29K−$52K 990 PDF
FY2024 $503K$562K−$59K−$23K 990 PDF
FY2023 $624K$671K−$47K$37K 990 PDF
FY2022 $1.3M$1.2M$55K$84K 990 PDF
FY2021 $1.6M$1.6M$94K$28K 990 PDF
FY2020 Viewing $1.1M$1.0M$30K−$65K 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 FY2020 990 (6 parts)
Part I · Summary $1,078,596 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $285,290$583,544
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $342,308$495,052
I-12 Total revenuePrior year $627,598$1,078,596
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 $202,824$185,872
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $581,346$862,715
I-18 Total expensesPrior year $784,170$1,048,587
I-19 Revenue less expensesPrior year −$156,572$30,009
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
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 $1,078,596 across 5 lines filed
Lines not itemized here account for $488,500 of total revenue; see the IRS return.
VIII-1e Government grants$583,544
VIII-1h Total contributions, gifts and grants$583,544
VIII-6 Net rental income or lossExcluded from tax $4,850$4,850
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$19,580 · Excluded from tax $21,282$1,702
VIII-12 Total revenueRelated to mission $468,920 · Unrelated business $0 · Excluded from tax $26,132$1,078,596
Part IX · Statement of functional expenses $1,048,587 across 12 lines filed
IX-7 Other salaries and wagesPrograms $81,782 · Management $58,452$140,234
IX-9 Other employee benefitsPrograms $31,517 · Management $14,121$45,638
IX-11b Legal feesPrograms $4,075$4,075
IX-11g Other fees for servicesPrograms $6,848 · Management $2,283$9,131
IX-13 Office expensesPrograms $3,379 · Management $666$4,045
IX-16 OccupancyPrograms $13,122 · Management $1,065$14,187
IX-17 TravelPrograms $3,827 · Management $723$4,550
IX-20 InterestPrograms $5,208 · Management $7,536$12,744
IX-22 Depreciation, depletion and amortizationManagement $3,438$3,438
IX-23 InsurancePrograms $1,187 · Management $12,642$13,829
IX-24 Other expenses (24a–d)Programs $705,109 · Management $9,960$715,069
IX-24e All other expensesPrograms $69,426 · Management $12,221$81,647
IX-25 Total functional expensesPrograms $925,480 · Management $123,107 · Fundraising $0$1,048,587
Part X · Balance sheet $434,847 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $180,160$105,800
X-4 Accounts receivable$53,482
X-9 Prepaid expenses and deferred chargesStart of year $3,757$3,180
X-10c Land, buildings and equipment, netStart of year $140,477$137,040
X-15 Other assetsStart of year $137,231$135,345
X-16 Total assetsStart of year $461,625$434,847
X-17 Accounts payable and accrued expensesStart of year $46,338$39,184
X-19 Deferred revenueStart of year $264,547$252,814
X-25 Other liabilitiesStart of year $60,000$208,100
X-26 Total liabilitiesStart of year $556,885$500,098
X-27 Net assets without donor restrictionsStart of year −$90,190−$65,961
X-28 Net assets with donor restrictionsStart of year −$5,070$710
X-32 Total net assets or fund balancesStart of year −$95,260−$65,251
X-33 Total liabilities and net assetsStart of year $461,625$434,847
Part XI · Reconciliation of net assets −$65,251 net assets at year end
XI-1 Total revenue$1,078,596
XI-2 Total expenses$1,048,587
XI-3 Revenue less expenses$30,009
XI-4 Net assets at start of year−$95,260
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$65,251

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

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