Fhm Associates INC: Nonprofit Profile, Financials & Form 990 (EIN 26-4658186)

Revenue by fiscal year
FY2020	$1.5M
FY2021	$1.5M
FY2022	$1.7M
FY2023	$1.9M
FY2024	$2.0M
FY2025	$2.1M

Expenses by fiscal year
FY2020	$1.5M
FY2021	$1.6M
FY2022	$1.8M
FY2023	$1.7M
FY2024	$1.7M
FY2025	$1.8M

Net assets by fiscal year
FY2020	−$1.8M
FY2021	−$1.8M
FY2022	−$1.8M
FY2023	−$1.6M
FY2024	−$1.4M
FY2025	−$1.1M

Is it real?

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

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

Where the money goes

90 cents of each dollar spent went to programs.

90%

Program services 90% · $1.6M Management & general 10% · $174K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation

David S Nickel

President

$0Pt VII · Sec A

James E Webb

Vice Preside

$0Pt VII · Sec A

Thomas a Gorman

Secretary/Tr

$0Pt VII · Sec A

Sam Hill

Member

$0Pt VII · Sec A

Thad Kent

Member

$0Pt VII · Sec A

Gary Lorenz

Member

$0Pt VII · Sec A

John Gorman

Member

$0Pt VII · Sec A

See Fhm Associates INC 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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable housing for elderly and handicapped residents in Muskogee, Oklahoma.

Questions for Fhm Associates INC

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1 program · $1.6M · in their own filed words · FY2025

01

The 191-UNIT residential complex provides affordable housing for elderly and handicapped residents of muskogee, oklahoma.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-4658186) · Dispute this line

$1.6Mprogram 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 2025 · $5.7M federal money spent

Mortgage Insurance Rental HousingDepartment of Housing and Urban Development · ALN 14.134 · Direct$4.5M

Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$1.2M

Multifamily Housing Service CoordinatorsDepartment of Housing and Urban Development · ALN 14.191 · Direct$86K

The auditor reported no findings.

Year ending Dec 2024 · $6.0M federal money spent

Mortgage Insurance_rental HousingDepartment of Housing and Urban Development · ALN 14.134 · Direct$4.8M

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$1.1M

Multifamily Housing Service CoordinatorsDepartment of Housing and Urban Development · ALN 14.191 · Direct$107K

The auditor reported no findings.

Year ending Dec 2023 · $5.9M federal money spent

Mortgage Insurance_rental HousingDepartment of Housing and Urban Development · ALN 14.134 · Direct$4.8M

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$1.1M

Multifamily Housing Service CoordinatorsDepartment of Housing and Urban Development · ALN 14.191 · Direct$99K

The auditor reported no findings.

Year ending Dec 2022 · $6.0M federal money spent

Mortgage Insurance_rental HousingDepartment of Housing and Urban Development · ALN 14.134 · Direct$4.9M

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$1.0M

Multifamily Housing Service CoordinatorsDepartment of Housing and Urban Development · ALN 14.191 · Direct$95K

The auditor reported no findings.

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$2.1M

Ln 12

Fees for servicesLn 2g$2.1M

Other incomeLn 4–11$4K

Investment incomeLn 3$1K

Money outPt IX

$1.8M

Ln 25

Programscol B$1.6M

Managementcol C$174K

Owns and owesPt X

−$1.1M

net assets · Ln 32

Cash and savingsLn 1–2$1K

Total assetsLn 16$3.3M

LiabilitiesLn 26$4.4M

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$2.1M

Investment incomeLn 3$1K

Other incomeLn 4–11$4K

Total revenueLn 12$2.1M

Assets in detailPt X, end of year

CashLn 1$1K

Cash and savings togetherLn 1–2$1K

Accounts receivableLn 4$18K

Prepaid expenses and deferred chargesLn 9$52K

Land, buildings, equipmentLn 10c$2.7M

Other assetsLn 15$548K

Total assetsLn 16$3.3M

LiabilitiesLn 26$4.4M

Net assetsLn 32−$1.1M

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$20K	$1K
Land, buildings, equipmentLn 10c	$2.9M	$2.7M
Total assetsLn 16	$3.3M	$3.3M
LiabilitiesLn 26	$4.7M	$4.4M
Net assetsLn 32	−$1.4M	−$1.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$6K	$6K
Accounting feesLn 11c	$12K		$12K
Advertising and promotionLn 12	$2K	$2K
Office expensesLn 13	$38K	$38K
OccupancyLn 16	$331K	$331K
Conferences, conventions and meetingsLn 19	$300	$300
InterestLn 20	$184K	$184K
Depreciation, depletion and amortizationLn 22	$209K	$209K
InsuranceLn 23	$63K	$63K
Other expenses (24a–d)Ln 24	$685K	$534K	$152K
All other expensesLn 24e	$279K	$268K	$11K
Total functional expensesLn 25	$1.8M	$1.6M	$174K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Mar 12, 2026	$2.1M	$1.8M	$316K	−$1.1M	990 PDF
FY2024Filed with the IRS Mar 13, 2025	$2.0M	$1.7M	$251K	−$1.4M	990 PDF
FY2023Filed with the IRS Mar 25, 2024	$1.9M	$1.7M	$157K	−$1.6M	990 PDF
FY2022Filed with the IRS Mar 21, 2023	$1.7M	$1.8M	−$24K	−$1.8M	990 PDF
FY2021Filed with the IRS Mar 11, 2022	$1.5M	$1.6M	−$26K	−$1.8M	990 PDF
FY2020Filed with the IRS Mar 26, 2021	$1.5M	$1.5M	−$64K	−$1.8M	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2025 990

Part I · Summary $2,125,330 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $1,998,597$2,120,303

I-10 Investment incomePrior year $1,486$1,309

I-11 Other revenuePrior year $131$3,718

I-12 Total revenuePrior year $2,000,214$2,125,330

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,749,492$1,809,593

I-18 Total expensesPrior year $1,749,492$1,809,593

I-19 Revenue less expensesPrior year $250,722$315,737

Part VI · Governance 7 of 7 board members independent, 5 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-2 Family or business relationship among officers or directorsYes

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

Part VIII · Statement of revenue $2,125,330 across 4 lines filed

Lines not itemized here account for $8,480 of total revenue; see the IRS return.

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,111,823$2,111,823

VIII-3 Investment incomeExcluded from tax $1,309$1,309

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,718$3,718

VIII-12 Total revenueRelated to mission $2,124,021 · Excluded from tax $1,309$2,125,330

Part IX · Statement of functional expenses $1,809,593 across 11 lines filed

IX-11b Legal feesPrograms $6,062$6,062

IX-11c Accounting feesManagement $11,520$11,520

IX-12 Advertising and promotionPrograms $2,351$2,351

IX-13 Office expensesPrograms $37,919$37,919

IX-16 OccupancyPrograms $331,029$331,029

IX-19 Conferences, conventions and meetingsPrograms $300$300

IX-20 InterestPrograms $183,660$183,660

IX-22 Depreciation, depletion and amortizationPrograms $209,063$209,063

IX-23 InsurancePrograms $63,372$63,372

IX-24 Other expenses (24a–d)Programs $533,704 · Management $151,507$685,211

IX-24e All other expensesPrograms $267,898 · Management $11,208$279,106

IX-25 Total functional expensesPrograms $1,635,358 · Management $174,235 · Fundraising $0$1,809,593

Part X · Balance sheet $3,327,778 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $20,352$1,233

X-4 Accounts receivableStart of year $13,546$17,844

X-9 Prepaid expenses and deferred chargesStart of year $41,621$51,916

X-10c Land, buildings and equipment, netStart of year $2,908,165$2,708,740

X-15 Other assetsStart of year $328,689$548,045

X-16 Total assetsStart of year $3,312,373$3,327,778

X-17 Accounts payable and accrued expensesStart of year $227,554$64,600

X-19 Deferred revenueStart of year $7,741$6,579

X-25 Other liabilitiesStart of year $4,471,291$4,335,075

X-26 Total liabilitiesStart of year $4,706,586$4,406,254

X-27 Net assets without donor restrictionsStart of year −$1,394,213−$1,078,476

X-32 Total net assets or fund balancesStart of year −$1,394,213−$1,078,476

X-33 Total liabilities and net assetsStart of year $3,312,373$3,327,778

Part XI · Reconciliation of net assets −$1,078,476 net assets at year end

XI-1 Total revenue$2,125,330

XI-2 Total expenses$1,809,593

XI-3 Revenue less expenses$315,737

XI-4 Net assets at start of year−$1,394,213

XI-10 Net assets at end of year−$1,078,476

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

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Fhm Associates 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 Fhm Associates INC

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV

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