Roeser Housing Development Corporation FY2020 filing

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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

FY2020 · 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
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.2M
30% of total assets
Looks good: liabilities are 30% 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
$306K
Spent
$423K
To programs
97%
Net assets
$5.1M
By yearFY2020–FY2024
Revenue
$306K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$306K
FY2021$343K
FY2022$374K
FY2023$386K
FY2024$410K
Expenses
$423K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$423K
FY2021$466K
FY2022$468K
FY2023$529K
FY2024$592K
Net assets
$5.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.1M
FY2021$5.0M
FY2022$4.9M
FY2023$4.7M
FY2024$4.5M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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% · $409K Management & general 3% · $14K

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
President & CEO
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Roeser Housing Development Corporation executive salaries →

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.

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1 program · $409K · in their own filed words · FY2020
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.

$409Kprogram expense

Funders

Who pays for it.

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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2018 · $6.2M federal money spent
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$6.2M

The auditor reported no findings.

Year ending Dec 2017 · $6.2M federal money spent
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$6.2M

The auditor reported no findings.

Year ending Dec 2016 · $6.2M federal money spent
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$6.2M

The auditor reported no findings.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$306K
Ln 12
Fees for servicesLn 2g$305K
Investment incomeLn 3$330
Money outPt IX
$423K
Ln 25
Programscol B$409K
Managementcol C$14K
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$7.2M
LiabilitiesLn 26$2.2M
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$305K
Investment incomeLn 3$330
Gains on assetsLn 7$0
Total revenueLn 12$306K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$0
Cash and savings togetherLn 1–2$3K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$7.0M
Other assetsLn 15$185K
Total assetsLn 16$7.2M
LiabilitiesLn 26$2.2M
Net assetsLn 32$5.1M
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 FY20End FY20
Cash and savingsLn 1–2$1K$3K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$7.2M$7.0M
Total assetsLn 16$7.4M$7.2M
LiabilitiesLn 26$2.2M$2.2M
Net assetsLn 32$5.2M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$8K$8K
Payroll taxesLn 10$3K$3K
Management feesLn 11a$22K$22K
Legal feesLn 11b$0
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$9K$9K
Advertising and promotionLn 12$0
Office expensesLn 13$22K$22K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$135K$135K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$136K$136K
All other expensesLn 24e$60K$60K
Total functional expensesLn 25$423K$409K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 10, 2025 $410K$592K−$182K$4.5M 990 PDF
FY2023Filed with the IRS Nov 7, 2024 $386K$529K−$143K$4.7M 990 PDF
FY2022Filed with the IRS Oct 24, 2023 $374K$468K−$95K$4.9M 990 PDF
FY2021Filed with the IRS Nov 2, 2022 $343K$466K−$123K$5.0M 990 PDF
FY2020 ViewingFiled with the IRS Oct 28, 2021 $306K$423K−$117K$5.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $305,768 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $243,626$305,438
I-10 Investment incomePrior year $455$330
I-11 Other revenue$0
I-12 Total revenuePrior year $244,081$305,768
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $6,030$11,191
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $376,827$411,924
I-18 Total expensesPrior year $382,857$423,115
I-19 Revenue less expensesPrior year −$138,776−$117,347
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 $305,768 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $305,438$305,438
VIII-3 Investment incomeRelated to mission $330$330
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $305,768$305,768
Part IX · Statement of functional expenses $423,115 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $7,861$7,861
IX-10 Payroll taxesPrograms $3,330$3,330
IX-11a Management feesPrograms $22,080$22,080
IX-11b Legal fees$0
IX-11c Accounting feesManagement $5,244$5,244
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $8,950$8,950
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $22,432$22,432
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $1,825$1,825
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $135,283$135,283
IX-23 InsurancePrograms $19,397$19,397
IX-24 Other expenses (24a–d)Programs $136,444$136,444
IX-24e All other expensesPrograms $60,269$60,269
IX-25 Total functional expensesPrograms $408,921 · Management $14,194 · Fundraising $0$423,115
Part X · Balance sheet $7,245,909 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $1,007$2,503
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $5,241$7,298
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $2,000$2,000
X-10c Land, buildings and equipment, netStart of year $7,184,087$7,048,804
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $218,273$185,304
X-16 Total assetsStart of year $7,410,608$7,245,909
X-17 Accounts payable and accrued expensesStart of year $30,530$2,841
X-25 Other liabilitiesStart of year $65,442$45,779
X-26 Total liabilitiesStart of year $2,214,238$2,166,886
X-27 Net assets without donor restrictionsStart of year −$852,850−$970,197
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 $5,196,370$5,079,023
X-33 Total liabilities and net assetsStart of year $7,410,608$7,245,909
Part XI · Reconciliation of net assets $5,079,023 net assets at year end
XI-1 Total revenue$305,768
XI-2 Total expenses$423,115
XI-3 Revenue less expenses−$117,347
XI-4 Net assets at start of year$5,196,370
XI-10 Net assets at end of year$5,079,023

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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