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

FY2024 · 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
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$404K
106% of total assets
Concern: liabilities are 106% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$503K
-19% vs prior year
Spent
$562K
To programs
88%
Net assets
−$23K
By yearFY2020–FY2025
Revenue
$503K
FY2024▼ -19%
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
$562K
FY2024▼ -16%
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
−$23K
FY2024▼ -161%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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% · $495K Management & general 12% · $67K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$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 · $495K · in their own filed words · FY2023
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…

$495Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$503K
Ln 12
Gifts and grantsLn 1h$448K
Other incomeLn 4–11$55K
Money outPt IX
$562K
Ln 25
Programscol B$495K
Managementcol C$67K
Owns and owesPt X
−$23K
net assets · Ln 32
Cash and savingsLn 1–2$179K
Total assetsLn 16$382K
LiabilitiesLn 26$404K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$448K
Government grantsLn 1e$448K
Other incomeLn 4–11$55K
Total revenueLn 12$503K
Assets in detailPt X, end of year
CashLn 1$179K
Cash and savings togetherLn 1–2$179K
Land, buildings, equipmentLn 10c$123K
Other assetsLn 15$22K
Total assetsLn 16$382K
LiabilitiesLn 26$404K
Net assetsLn 32−$23K
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 FY24End FY24
Cash and savingsLn 1–2$50K$179K
Land, buildings, equipmentLn 10c$127K$123K
Total assetsLn 16$208K$382K
LiabilitiesLn 26$171K$404K
Net assetsLn 32$37K−$23K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$190K$169K$21K
Other employee benefitsLn 9$61K$51K$10K
Other fees for servicesLn 11g$16K$13K$4K
Advertising and promotionLn 12$1K$1K$241
Office expensesLn 13$2K$1K$373
OccupancyLn 16$12K$10K$2K
TravelLn 17$8K$7K$861
InterestLn 20$7K$7K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$16K$13K$4K
Other expenses (24a–d)Ln 24$233K$223K$10K
All other expensesLn 24e$14K$8K$6K
Total functional expensesLn 25$562K$495K$67K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 24, 2026 $729K$758K−$29K−$52K 990 PDF
FY2024 ViewingFiled with the IRS Jan 24, 2025 $503K$562K−$59K−$23K 990 PDF
FY2023Filed with the IRS Feb 1, 2024 $624K$671K−$47K$37K 990 PDF
FY2022Filed with the IRS May 15, 2023 $1.3M$1.2M$55K$84K 990 PDF
FY2021Filed with the IRS Mar 29, 2022 $1.6M$1.6M$94K$28K 990 PDF
FY2020Filed with the IRS Aug 11, 2021 $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 FY2024 990 (6 parts)
Part I · Summary $502,680 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $289,539$448,097
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $334,393$54,583
I-12 Total revenuePrior year $623,932$502,680
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 $190,358$250,447
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $480,381$311,472
I-18 Total expensesPrior year $670,739$561,919
I-19 Revenue less expensesPrior year −$46,807−$59,239
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $502,680 across 5 lines filed
Lines not itemized here account for $45,000 of total revenue; see the IRS return.
VIII-1e Government grants$448,097
VIII-1h Total contributions, gifts and grants$448,097
VIII-6 Net rental income or lossExcluded from tax $5,400$5,400
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,183$4,183
VIII-12 Total revenueRelated to mission $45,000 · Unrelated business $0 · Excluded from tax $9,583$502,680
Part IX · Statement of functional expenses $561,919 across 12 lines filed
IX-7 Other salaries and wagesPrograms $169,098 · Management $20,577$189,675
IX-9 Other employee benefitsPrograms $51,242 · Management $9,530$60,772
IX-11g Other fees for servicesPrograms $12,788 · Management $3,542$16,330
IX-12 Advertising and promotionPrograms $1,204 · Management $241$1,445
IX-13 Office expensesPrograms $1,131 · Management $373$1,504
IX-16 OccupancyPrograms $9,818 · Management $2,062$11,880
IX-17 TravelPrograms $6,657 · Management $861$7,518
IX-20 InterestManagement $6,745$6,745
IX-22 Depreciation, depletion and amortizationManagement $3,437$3,437
IX-23 InsurancePrograms $12,720 · Management $3,724$16,444
IX-24 Other expenses (24a–d)Programs $222,502 · Management $10,010$232,512
IX-24e All other expensesPrograms $7,602 · Management $6,055$13,657
IX-25 Total functional expensesPrograms $494,762 · Management $67,157 · Fundraising $0$561,919
Part X · Balance sheet $381,658 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $49,702$179,237
X-4 Accounts receivableStart of year $25,541$54,615
X-9 Prepaid expenses and deferred chargesStart of year $3,541$2,448
X-10c Land, buildings and equipment, netStart of year $126,727$123,290
X-15 Other assetsStart of year $2,513$22,068
X-16 Total assetsStart of year $208,024$381,658
X-17 Accounts payable and accrued expensesStart of year $12,903$36,436
X-19 Deferred revenueStart of year $8,418$224,062
X-25 Other liabilitiesStart of year $150,000$0
X-26 Total liabilitiesStart of year $171,321$404,194
X-27 Net assets without donor restrictionsStart of year $36,703−$22,536
X-32 Total net assets or fund balancesStart of year $36,703−$22,536
X-33 Total liabilities and net assetsStart of year $208,024$381,658
Part XI · Reconciliation of net assets −$22,536 net assets at year end
XI-1 Total revenue$502,680
XI-2 Total expenses$561,919
XI-3 Revenue less expenses−$59,239
XI-4 Net assets at start of year$36,703
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$22,536

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

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