Roeser Housing Development Corporation

Tax-deductible

Keene, CA501(c)(3)HousingEIN 26-4107739

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The Organization is engaged in development activities in order to develop and operate a housing project for lower income senior citizens.

501(c)(3) charity; gifts are tax-deductible.
97¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $132K a year · 36% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.3M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 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
$410K
+6% vs prior year
Spent
$592K
To programs
97%
Net assets
$4.5M
By yearFY2020–FY2024
Revenue
$410K
FY2024▲ +6%
Revenue by fiscal year
FY2020$306K
FY2021$343K
FY2022$374K
FY2023$386K
FY2024$410K
Expenses
$592K
FY2024▲ +12%
Expenses by fiscal year
FY2020$423K
FY2021$466K
FY2022$468K
FY2023$529K
FY2024$592K
Net assets
$4.5M
FY2024▼ -4%
Net assets by fiscal year
FY2020$5.1M
FY2021$5.0M
FY2022$4.9M
FY2023$4.7M
FY2024$4.5M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2009.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $571K Management & general 3% · $21K

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
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Roeser Housing Development Corporation 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

Builds and operates housing for lower-income seniors.

Provided by the organization

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1 program service account for $571K of program spending, described in the organization's own filed words · FY2024.
01

The organization successfully completed the development of the senior housing project in 2013. The housing units are now occupied and services are being delivered in accordance with the program objectives and within regulatory guidelines.

$571Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$410K
Ln 12
Fees for servicesLn 2g$408K
Investment incomeLn 3$2K
Money outPt IX
$592K
Ln 25
Programscol B$571K
Managementcol C$21K
Owns and owesPt X
$4.5M
net assets · Ln 32
Cash and savingsLn 1–2$72K
Total assetsLn 16$6.8M
LiabilitiesLn 26$2.3M
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$408K
Investment incomeLn 3$2K
Total revenueLn 12$410K
Assets in detailPt X, end of year
CashLn 1$72K
Cash and savings togetherLn 1–2$72K
Land, buildings, equipmentLn 10c$6.6M
Other assetsLn 15$191K
Total assetsLn 16$6.8M
LiabilitiesLn 26$2.3M
Net assetsLn 32$4.5M
OperationsPt I, VI
EmployeesI 50
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
LineStart FY24End FY24
Cash and savingsLn 1–2$55K$72K
Land, buildings, equipmentLn 10c$6.6M$6.6M
Total assetsLn 16$6.9M$6.8M
LiabilitiesLn 26$2.2M$2.3M
Net assetsLn 32$4.7M$4.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other employee benefitsLn 9$22K$22K
Payroll taxesLn 10$7K$7K
Management feesLn 11a$22K$22K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$15K$15K
Office expensesLn 13$24K$24K
Depreciation, depletion and amortizationLn 22$134K$134K
InsuranceLn 23$46K$46K
Other expenses (24a–d)Ln 24$181K$181K
All other expensesLn 24e$134K$134K
Total functional expensesLn 25$592K$571K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $410K$592K−$182K$4.5M 990 PDF
FY2023 $386K$529K−$143K$4.7M 990 PDF
FY2022 $374K$468K−$95K$4.9M 990 PDF
FY2021 $343K$466K−$123K$5.0M 990 PDF
FY2020 $306K$423K−$117K$5.1M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $409,819 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $407,517$407,517
VIII-3 Investment incomeRelated to mission $2,302$2,302
VIII-12 Total revenueRelated to mission $409,819$409,819
Part IX · Statement of functional expenses $591,791 across 10 lines filed
IX-9 Other employee benefitsPrograms $21,896$21,896
IX-10 Payroll taxesPrograms $7,342$7,342
IX-11a Management feesPrograms $22,080$22,080
IX-11c Accounting feesManagement $6,072$6,072
IX-11g Other fees for servicesManagement $14,534$14,534
IX-13 Office expensesPrograms $23,876$23,876
IX-22 Depreciation, depletion and amortizationPrograms $134,395$134,395
IX-23 InsurancePrograms $46,404$46,404
IX-24 Other expenses (24a–d)Programs $181,271$181,271
IX-24e All other expensesPrograms $133,921$133,921
IX-25 Total functional expensesPrograms $571,185 · Management $20,606 · Fundraising $0$591,791
Part X · Balance sheet $6,831,110 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $55,332$71,537
X-4 Accounts receivableStart of year $8,677$7,431
X-9 Prepaid expenses and deferred chargesStart of year $2,000$2,000
X-10c Land, buildings and equipment, netStart of year $6,642,954$6,559,012
X-15 Other assetsStart of year $189,794$191,130
X-16 Total assetsStart of year $6,898,757$6,831,110
X-17 Accounts payable and accrued expensesStart of year $9,411$2,938
X-24 Unsecured notes and loans payableStart of year $2,118,266$2,118,266
X-25 Other liabilitiesStart of year $52,832$173,630
X-26 Total liabilitiesStart of year $2,180,509$2,294,834
X-27 Net assets without donor restrictionsStart of year −$1,330,972−$1,512,944
X-28 Net assets with donor restrictionsStart of year $6,049,220$6,049,220
X-32 Total net assets or fund balancesStart of year $4,718,248$4,536,276
X-33 Total liabilities and net assetsStart of year $6,898,757$6,831,110
Part XI · Reconciliation of net assets $4,536,276 net assets at year end
XI-1 Total revenue$409,819
XI-2 Total expenses$591,791
XI-3 Revenue less expenses−$181,972
XI-4 Net assets at start of year$4,718,248
XI-10 Net assets at end of year$4,536,276

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

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