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Brookside Apartments INC

Tax-deductible

Erie, PA501(c)(3)Since 1996HousingEIN 25-1755545Revenue $190K in FY2025

On file with the IRShands-erie.org7 E 7th St, 16501-1105 · Erie, PATax-exempt since Jun 1995Publicly supported charity — 170(b)(1)(A)(vi)

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Provide attractive and affordable rental housing to very-low and low income elderly individuals in meadville PA.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 12 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · 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
0 of 6
filings with a surplus
Average deficit $25K a year · 14% of revenue · last 6 filings
Concern: a surplus in 0 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
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
209% of total assets
Concern: liabilities are 209% 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
$190K
-0.1% vs prior year
Spent
$220K
To programs
88%
Net assets
−$712K
By yearFY2020–FY2025
Revenue
$190K
FY2025-0.1%
Tap a bar for its year
Revenue by fiscal year
FY2020$155K
FY2021$170K
FY2022$172K
FY2023$177K
FY2024$190K
FY2025$190K
Expenses
$220K
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$198K
FY2021$197K
FY2022$174K
FY2023$202K
FY2024$215K
FY2025$220K
Net assets
−$712K
FY2025▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020−$603K
FY2021−$630K
FY2022−$632K
FY2023−$657K
FY2024−$681K
FY2025−$712K

From the FY2025 Form 990 (year ending September 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1995.

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% · $194K Management & general 12% · $26K

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 (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Joe Bloomstine
Vice Chair
$0Pt VII · Sec A
Cindy Stone
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Brookside Apartments 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 15aNo

Programs and updates

Offers affordable apartments for elderly residents in Meadville, PA.

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Provided by the organization

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2 programs · $194K · in their own filed words · FY2024
01

Brookside apartments, inc., through its management agent housing and neighborhood development service (hands) provides 20 attractive and affordable rental housing units to very-low, and low income elderly individuals.

$188Kprogram expense
02

A resident service coordinator links residents to existing services and resources in the community.

$6Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$190K
Ln 12
Fees for servicesLn 2g$99K
Gifts and grantsLn 1h$87K
Other incomeLn 4–11$3K
Money outPt IX
$220K
Ln 25
Programscol B$194K
Managementcol C$26K
Owns and owesPt X
−$712K
net assets · Ln 32
Cash and savingsLn 1–2$140K
Total assetsLn 16$653K
LiabilitiesLn 26$1.4M
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$87K
Government grantsLn 1e$87K
Fees for servicesLn 2g$99K
Investment incomeLn 3$2K
Other incomeLn 4–11$3K
Gains on assetsLn 7−$974
Total revenueLn 12$190K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$135K
Cash and savings togetherLn 1–2$140K
Land, buildings, equipmentLn 10c$494K
Total assetsLn 16$653K
LiabilitiesLn 26$1.4M
Net assetsLn 32−$712K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$130K$140K
Land, buildings, equipmentLn 10c$534K$494K
Total assetsLn 16$684K$653K
LiabilitiesLn 26$1.4M$1.4M
Net assetsLn 32−$681K−$712K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$17K$17K
Other fees for servicesLn 11g$17K$17K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$7K$7K
Information technologyLn 14$2K$2K
OccupancyLn 16$91K$91K
TravelLn 17$238$238
Conferences, conventions and meetingsLn 19$68$68
Depreciation, depletion and amortizationLn 22$47K$47K
Other expenses (24a–d)Ln 24$38K$30K$8K
Total functional expensesLn 25$220K$194K$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $190K$220K−$30K−$712K 990 PDF
FY2024 $190K$215K−$24K−$681K 990 PDF
FY2023 $177K$202K−$25K−$657K 990 PDF
FY2022 $172K$174K−$2K−$632K 990 PDF
FY2021 $170K$197K−$26K−$630K 990 PDF
FY2020 $155K$198K−$43K−$603K 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 FY2025 990 (6 parts)
Part I · Summary $189,929 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $77,803$86,891
I-9 Program service revenuePrior year $108,270$98,915
I-10 Investment incomePrior year $2,698$1,567
I-11 Other revenuePrior year $1,416$2,556
I-12 Total revenuePrior year $190,187$189,929
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 $214,551$220,165
I-18 Total expensesPrior year $214,551$220,165
I-19 Revenue less expensesPrior year −$24,364−$30,236
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $189,929 across 7 lines filed
VIII-1e Government grants$86,891
VIII-1h Total contributions, gifts and grants$86,891
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $98,915$98,915
VIII-3 Investment incomeExcluded from tax $2,541$2,541
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$974−$974
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,556$2,556
VIII-12 Total revenueRelated to mission $101,471 · Unrelated business $0 · Excluded from tax $1,567$189,929
Part IX · Statement of functional expenses $220,165 across 10 lines filed
IX-11a Management feesManagement $17,384$17,384
IX-11g Other fees for servicesPrograms $17,195$17,195
IX-12 Advertising and promotionPrograms $1,220$1,220
IX-13 Office expensesPrograms $6,525$6,525
IX-14 Information technologyPrograms $1,918$1,918
IX-16 OccupancyPrograms $90,795$90,795
IX-17 TravelPrograms $238$238
IX-19 Conferences, conventions and meetingsPrograms $68$68
IX-22 Depreciation, depletion and amortizationPrograms $46,888$46,888
IX-24 Other expenses (24a–d)Programs $29,608 · Management $8,326$37,934
IX-25 Total functional expensesPrograms $194,455 · Management $25,710 · Fundraising $0$220,165
Part X · Balance sheet $652,952 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,610$5,083
X-2 Savings and temporary cash investmentsStart of year $128,671$134,770
X-4 Accounts receivableStart of year $1,488$304
X-9 Prepaid expenses and deferred chargesStart of year $17,755$18,998
X-10c Land, buildings and equipment, netStart of year $534,341$493,797
X-16 Total assetsStart of year $683,865$652,952
X-17 Accounts payable and accrued expensesStart of year $13,625$13,272
X-19 Deferred revenueStart of year $387$288
X-26 Total liabilitiesStart of year $1,365,252$1,364,575
X-27 Net assets without donor restrictionsStart of year −$681,387−$711,623
X-32 Total net assets or fund balancesStart of year −$681,387−$711,623
X-33 Total liabilities and net assetsStart of year $683,865$652,952
Part XI · Reconciliation of net assets −$711,623 net assets at year end
XI-1 Total revenue$189,929
XI-2 Total expenses$220,165
XI-3 Revenue less expenses−$30,236
XI-4 Net assets at start of year−$681,387
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$711,623

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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