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Beam Homes INC

Tax-deductible

Frederick, MD501(c)(3)Since 2008Housing EIN 26-1845990Revenue $43K in FY2025

On file with the IRSPo Box 3734, 21705-3734 · Frederick, MDTax-exempt since Mar 2008Publicly supported charity — 170(b)(1)(A)(vi)

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To provide affordable housing to the chronically mentally disabled under section 811 of the national affordable housing act.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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 5
filings with a surplus
Average deficit $28K a year · 79% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$805K
114% of total assets
Concern: liabilities are 114% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 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
$43K
-3% vs prior year
Spent
$70K
To programs
60%
Net assets
−$96K
By yearFY2021–FY2025
Revenue
$43K
FY2025▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2021$37K
FY2022$25K
FY2023$26K
FY2024$44K
FY2025$43K
Expenses
$70K
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2021$56K
FY2022$55K
FY2023$65K
FY2024$67K
FY2025$70K
Net assets
−$96K
FY2025▼ -38%
Tap a bar for its year
Net assets by fiscal year
FY2021$23K
FY2022−$7K
FY2023−$47K
FY2024−$69K
FY2025−$96K

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

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2008.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $42K Management & general 40% · $28K

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

9 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
Sarah Norman
Chief, Community Dev. Thru 8/18/24
$0Pt VII · Sec A
Richard Barr
Vice-President
$0Pt VII · Sec A
Erinn Shaw
Vice-President Thru 11/24/24
$0Pt VII · Sec A
Marisa Plunk
Treasurer
$0Pt VII · Sec A
Issumi Young
Secretary Thru 11/24/24
$0Pt VII · Sec A
John Shipley
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Beam Homes 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 housing for chronically mentally disabled individuals.

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Provided by the organization

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1 program · $42K · in their own filed words · FY2024
01

Providing 6 units of affordable housing to persons with disabilities. The entity receives assistance under provision of section 811 of the national affordable housing act.

$42Kprogram 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
$43K
Ln 12
Gifts and grantsLn 1h$34K
Fees for servicesLn 2g$9K
Investment incomeLn 3$5
Money outPt IX
$70K
Ln 25
Programscol B$42K
Managementcol C$28K
Owns and owesPt X
−$96K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$709K
LiabilitiesLn 26$805K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$34K
Government grantsLn 1e$34K
Fees for servicesLn 2g$9K
Investment incomeLn 3$5
Total revenueLn 12$43K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$53K
Cash and savings togetherLn 1–2$54K
Land, buildings, equipmentLn 10c$654K
Other assetsLn 15$734
Total assetsLn 16$709K
LiabilitiesLn 26$805K
Net assetsLn 32−$96K
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 FY25End FY25
Cash and savingsLn 1–2$51K$54K
Land, buildings, equipmentLn 10c$673K$654K
Total assetsLn 16$726K$709K
LiabilitiesLn 26$796K$805K
Net assetsLn 32−$69K−$96K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$5K$5K
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$11K$11K
Office expensesLn 13$322$322
OccupancyLn 16$10K$10K
Depreciation, depletion and amortizationLn 22$19K$19K
Other expenses (24a–d)Ln 24$11K$2K$10K
Total functional expensesLn 25$70K$42K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $43K$70K−$27K−$96K 990 PDF
FY2024 $44K$67K−$23K−$69K 990 PDF
FY2023 $26K$65K−$40K−$47K 990 PDF
FY2022 $25K$55K−$30K−$7K 990 PDF
FY2021 $37K$56K−$19K$23K 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 $43,045 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $33,113$33,628
I-9 Program service revenuePrior year $11,347$9,412
I-10 Investment incomePrior year $5$5
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $44,465$43,045
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 $67,053$69,552
I-18 Total expensesPrior year $67,053$69,552
I-19 Revenue less expensesPrior year −$22,588−$26,507
Part VI · Governance 3 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
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 $43,045 across 5 lines filed
VIII-1e Government grants$33,628
VIII-1h Total contributions, gifts and grants$33,628
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,412$9,412
VIII-3 Investment incomeExcluded from tax $5$5
VIII-12 Total revenueRelated to mission $9,412 · Unrelated business $0 · Excluded from tax $5$43,045
Part IX · Statement of functional expenses $69,552 across 7 lines filed
IX-11a Management feesManagement $4,583$4,583
IX-11c Accounting feesManagement $13,191$13,191
IX-11g Other fees for servicesPrograms $10,910$10,910
IX-13 Office expensesManagement $322$322
IX-16 OccupancyPrograms $10,053$10,053
IX-22 Depreciation, depletion and amortizationPrograms $19,057$19,057
IX-24 Other expenses (24a–d)Programs $1,852 · Management $9,584$11,436
IX-25 Total functional expensesPrograms $41,872 · Management $27,680 · Fundraising $0$69,552
Part X · Balance sheet $709,379 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $880$1,502
X-2 Savings and temporary cash investmentsStart of year $49,766$52,771
X-4 Accounts receivableStart of year $1,506$47
X-10c Land, buildings and equipment, netStart of year $673,382$654,325
X-15 Other assetsStart of year $733$734
X-16 Total assetsStart of year $726,267$709,379
X-17 Accounts payable and accrued expensesStart of year $44,705$54,346
X-26 Total liabilitiesStart of year $795,637$805,256
X-27 Net assets without donor restrictionsStart of year −$217,073−$95,877
X-28 Net assets with donor restrictionsStart of year $147,703$0
X-32 Total net assets or fund balancesStart of year −$69,370−$95,877
X-33 Total liabilities and net assetsStart of year $726,267$709,379
Part XI · Reconciliation of net assets −$95,877 net assets at year end
XI-1 Total revenue$43,045
XI-2 Total expenses$69,552
XI-3 Revenue less expenses−$26,507
XI-4 Net assets at start of year−$69,370
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$95,877

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

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