Destiny Towers INC: Nonprofit Profile, Financials & Form 990 (EIN 26-1483697)

Revenue by fiscal year
FY2020	−$220K
FY2021	$363K
FY2022	$422K
FY2023	$464K
FY2024	$482K
FY2025	$581K

Expenses by fiscal year
FY2020	$0
FY2021	$588K
FY2022	$605K
FY2023	$668K
FY2024	$637K
FY2025	$664K

Net assets by fiscal year
FY2020	−$980K
FY2021	−$1.2M
FY2022	−$1.4M
FY2023	−$1.6M
FY2024	−$1.7M
FY2025	−$1.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2009.

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

Where the money goes

76 cents of each dollar spent went to programs.

76%

24%

Program services 76% · $504K Management & general 24% · $161K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation

Wiley Williams

President

$0Pt VII · Sec A

Cecil Clayton

Vice President

$0Pt VII · Sec A

Dr Joyce Moore-Stoval

Board Member

$0Pt VII · Sec A

Ron Hodges

Board Member

$0Pt VII · Sec A

Shanon Clifton

Board Member

$0Pt VII · Sec A

See Destiny Towers 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 housing to low-income seniors and disabled individuals.

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Provided by the organization

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1 program · $504K · in their own filed words · FY2025

01

Provide housing to very low-income elderly persons and very low-income persons with disabilities, subject to regulations provided by the Department of Housing and Urban Development (HUD) as to rental charges and operating methods.

$504Kprogram expense

By the numbers

The FY2025 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$581K

Ln 12

Fees for servicesLn 2g$578K

Other incomeLn 4–11$3K

Investment incomeLn 3$361

Money outPt IX

$664K

Ln 25

Programscol B$504K

Managementcol C$161K

Owns and owesPt X

−$1.8M

net assets · Ln 32

Cash and savingsLn 1–2$71K

Total assetsLn 16$3.2M

LiabilitiesLn 26$5.0M

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$578K

Investment incomeLn 3$361

Other incomeLn 4–11$3K

Total revenueLn 12$581K

Assets in detailPt X, end of year

CashLn 1$71K

Cash and savings togetherLn 1–2$71K

Land, buildings, equipmentLn 10c$2.9M

Other assetsLn 15$176K

Total assetsLn 16$3.2M

LiabilitiesLn 26$5.0M

Net assetsLn 32−$1.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$60K	$71K
Land, buildings, equipmentLn 10c	$3.1M	$2.9M
Total assetsLn 16	$3.3M	$3.2M
LiabilitiesLn 26	$5.1M	$5.0M
Net assetsLn 32	−$1.7M	−$1.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$100K	$54K	$45K	$0
Other employee benefitsLn 9	$9K	$9K	$0	$0
Management feesLn 11a	$57K	$20K	$38K	$0
Accounting feesLn 11c	$15K	$0	$15K	$0
Office expensesLn 13	$36K	$0	$36K	$0
Conferences, conventions and meetingsLn 19	$137	$0	$137	$0
Depreciation, depletion and amortizationLn 22	$208K	$208K	$0	$0
InsuranceLn 23	$55K	$55K	$0	$0
Other expenses (24a–d)Ln 24	$146K	$119K	$27K	$0
All other expensesLn 24e	$38K	$38K	$0	$0
Total functional expensesLn 25	$664K	$504K	$161K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$581K	$664K	−$83K	−$1.8M	990 PDF
FY2024	$482K	$637K	−$155K	−$1.7M	990 PDF
FY2023	$464K	$668K	−$204K	−$1.6M	990 PDF
FY2022	$422K	$605K	−$183K	−$1.4M	990 PDF
FY2021	$363K	$588K	−$226K	−$1.2M	990 PDF
FY2020	−$220K	$0	−$220K	−$980K	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 FY2025 990 (6 parts)

Part I · Summary $581,202 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $479,418$578,149

I-10 Investment incomePrior year $272$361

I-11 Other revenuePrior year $2,562$2,692

I-12 Total revenuePrior year $482,252$581,202

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $142,876$108,600

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $494,335$555,814

I-18 Total expensesPrior year $637,211$664,414

I-19 Revenue less expensesPrior year −$154,959−$83,212

Part VI · Governance 5 of 5 board members independent, 1 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

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

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $581,202 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$578,149

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$361

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,692 · Unrelated business $0 · Excluded from tax $0$2,692

VIII-12 Total revenueRelated to mission $581,202 · Unrelated business $0 · Excluded from tax $0$581,202

Part IX · Statement of functional expenses $664,414 across 10 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $54,484 · Management $45,179 · Fundraising $0$99,663

IX-9 Other employee benefitsPrograms $8,937 · Management $0 · Fundraising $0$8,937

IX-11a Management feesPrograms $19,540 · Management $37,796 · Fundraising $0$57,336

IX-11c Accounting feesPrograms $0 · Management $14,708 · Fundraising $0$14,708

IX-13 Office expensesPrograms $0 · Management $36,471 · Fundraising $0$36,471

IX-19 Conferences, conventions and meetingsPrograms $0 · Management $137 · Fundraising $0$137

IX-22 Depreciation, depletion and amortizationPrograms $207,897 · Management $0 · Fundraising $0$207,897

IX-23 InsurancePrograms $54,919 · Management $0 · Fundraising $0$54,919

IX-24 Other expenses (24a–d)Programs $119,450 · Management $26,562 · Fundraising $0$146,012

IX-24e All other expensesPrograms $38,334 · Management $0 · Fundraising $0$38,334

IX-25 Total functional expensesPrograms $503,561 · Management $160,853 · Fundraising $0$664,414

Part X · Balance sheet $3,188,977 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $60,235$71,057

X-4 Accounts receivableStart of year $41,145$86,004

X-9 Prepaid expenses and deferred chargesStart of year $800$800

X-10c Land, buildings and equipment, netStart of year $3,063,488$2,855,591

X-15 Other assetsStart of year $142,468$175,525

X-16 Total assetsStart of year $3,308,136$3,188,977

X-17 Accounts payable and accrued expensesStart of year $137,129$101,182

X-26 Total liabilitiesStart of year $5,055,616$5,019,669

X-27 Net assets without donor restrictionsStart of year −$1,747,480−$1,830,692

X-32 Total net assets or fund balancesStart of year −$1,747,480−$1,830,692

X-33 Total liabilities and net assetsStart of year $3,308,136$3,188,977

Part XI · Reconciliation of net assets −$1,830,692 net assets at year end

XI-1 Total revenue$581,202

XI-2 Total expenses$664,414

XI-3 Revenue less expenses−$83,212

XI-4 Net assets at start of year−$1,747,480

XI-10 Net assets at end of year−$1,830,692

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

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Destiny Towers INC

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 Destiny Towers INC

By the numbers

Filing history

Schedules filed Part IV