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Park Side Management INC

Tax-deductible

Oakland, MD501(c)(3)HousingEIN 26-2982081Revenue $140K in FY2025

On file with the IRSCo Christopher Mullett, 21550-0000 · Oakland, MDTax-exempt since Mar 2009Publicly supported — 509(a)(2)

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To provide affordable housing for elderly individuals.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 6
filings with a surplus
Average deficit $75K a year · 62% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 20.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$140K
+11% vs prior year
Spent
$198K
To programs
95%
Net assets
$2.1M
By yearFY2020–FY2025
Revenue
$140K
FY2025▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$117K
FY2021$113K
FY2022$111K
FY2023$117K
FY2024$126K
FY2025$140K
Expenses
$198K
FY2025▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$184K
FY2021$185K
FY2022$195K
FY2023$208K
FY2024$201K
FY2025$198K
Net assets
$2.1M
FY2025▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.5M
FY2021$2.4M
FY2022$2.3M
FY2023$2.2M
FY2024$2.2M
FY2025$2.1M

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

Form 990 (PDF) Claim

Is it real?

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

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $188K Management & general 5% · $10K

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

7 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
Chris Burkey
Treasurer
$0Pt VII · Sec A
Tina Boyer
Secretary
$0Pt VII · Sec A
Patricia McFarland
Vice President
$0Pt VII · Sec A
Judy Reynolds
Resident Tenant
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Park Side Management 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 elderly individuals.

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Provided by the organization

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1 program · $188K · in their own filed words · FY2024
01

Provided housing for elderly individuals. Expenses associated with operating one bedroom apartment unit for these individuals.

$188Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$140K
Ln 12
Fees for servicesLn 2g$138K
Investment incomeLn 3$1K
Money outPt IX
$198K
Ln 25
Programscol B$188K
Managementcol C$10K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$344K
Total assetsLn 16$2.1M
LiabilitiesLn 26$13K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$138K
Investment incomeLn 3$1K
Total revenueLn 12$140K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$343K
Cash and savings togetherLn 1–2$344K
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$2.1M
LiabilitiesLn 26$13K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
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$334K$344K
Land, buildings, equipmentLn 10c$1.8M$1.8M
Total assetsLn 16$2.2M$2.1M
LiabilitiesLn 26$20K$13K
Net assetsLn 32$2.2M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$28K$28K
Accounting feesLn 11c$10K$10K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$4K$4K
OccupancyLn 16$63K$63K
Depreciation, depletion and amortizationLn 22$77K$77K
InsuranceLn 23$10K$10K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$198K$188K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $140K$198K−$58K$2.1M 990 PDF
FY2024 $126K$201K−$75K$2.2M 990 PDF
FY2023 $117K$208K−$91K$2.2M 990 PDF
FY2022 $111K$195K−$84K$2.3M 990 PDF
FY2021 $113K$185K−$72K$2.4M 990 PDF
FY2020 $117K$184K−$67K$2.5M 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 $139,621 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $124,212$138,171
I-10 Investment incomePrior year $1,424$1,450
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $125,636$139,621
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 $200,994$197,651
I-18 Total expensesPrior year $200,994$197,651
I-19 Revenue less expensesPrior year −$75,358−$58,030
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $139,621 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $138,171$138,171
VIII-3 Investment incomeExcluded from tax $1,450$1,450
VIII-12 Total revenueRelated to mission $138,171 · Unrelated business $0 · Excluded from tax $1,450$139,621
Part IX · Statement of functional expenses $197,651 across 8 lines filed
IX-11a Management feesPrograms $27,951$27,951
IX-11c Accounting feesManagement $10,045$10,045
IX-12 Advertising and promotionPrograms $3,120$3,120
IX-13 Office expensesPrograms $4,436$4,436
IX-16 OccupancyPrograms $62,561$62,561
IX-22 Depreciation, depletion and amortizationPrograms $77,421$77,421
IX-23 InsurancePrograms $9,673$9,673
IX-24e All other expensesPrograms $2,444$2,444
IX-25 Total functional expensesPrograms $187,606 · Management $10,045 · Fundraising $0$197,651
Part X · Balance sheet $2,105,683 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,720$1,534
X-2 Savings and temporary cash investmentsStart of year $332,564$342,873
X-4 Accounts receivableStart of year $748$3,062
X-9 Prepaid expenses and deferred chargesStart of year $1,924$1,890
X-10c Land, buildings and equipment, netStart of year $1,833,745$1,756,324
X-16 Total assetsStart of year $2,170,701$2,105,683
X-17 Accounts payable and accrued expensesStart of year $12,073$4,746
X-26 Total liabilitiesStart of year $19,963$12,975
X-27 Net assets without donor restrictionsStart of year −$1,000,299−$1,058,329
X-28 Net assets with donor restrictionsStart of year $3,151,037$3,151,037
X-32 Total net assets or fund balancesStart of year $2,150,738$2,092,708
X-33 Total liabilities and net assetsStart of year $2,170,701$2,105,683
Part XI · Reconciliation of net assets $2,092,708 net assets at year end
XI-1 Total revenue$139,621
XI-2 Total expenses$197,651
XI-3 Revenue less expenses−$58,030
XI-4 Net assets at start of year$2,150,738
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,092,708

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

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