Summit One INC

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Corporation was formed to provide a community based group home housing for disabled low income adults.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-2014931) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $7K a year · 26% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
10.1 mo
of spending, in cash
10.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$479K
128% of total assets
Liabilities are 128% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$37K
-0.2% vs prior year
Spent
$47K
To programs
100%
Net assets
−$105K
By yearFY2020–FY2025
Revenue
$37K
FY2025-0.2%
Tap a bar for its year
Revenue by fiscal year
FY2020−$8K
FY2021$32K
FY2022$30K
FY2023$37K
FY2025$37K
Expenses
$47K
FY2025▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$35K
FY2022$46K
FY2023$35K
FY2025$47K
Net assets
−$105K
FY2025▼ -32%
Tap a bar for its year
Net assets by fiscal year
FY2020−$63K
FY2021−$66K
FY2022−$82K
FY2023−$79K
FY2025−$105K

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2010.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $47K

Form 990 Part IX, line 25. 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
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
See Summit One 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides community housing for low-income disabled adults.

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1 program · $47K · in their own filed words · FY2024
01

To provide affordable and safe housing for handicapped low inocme adults.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-2014931) · Dispute this line
$47Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$37K
Ln 12
Fees for servicesLn 2g$37K
Investment incomeLn 3$174
Money outPt IX
$47K
Ln 25
Programscol B$47K
Owns and owesPt X
−$105K
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$374K
LiabilitiesLn 26$479K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$37K
Investment incomeLn 3$174
Total revenueLn 12$37K
Assets in detailPt X, end of year
CashLn 1$39K
Cash and savings togetherLn 1–2$39K
Land, buildings, equipmentLn 10c$335K
Total assetsLn 16$374K
LiabilitiesLn 26$479K
Net assetsLn 32−$105K
OperationsPt I, VI
EmployeesI 50
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$36K$39K
Land, buildings, equipmentLn 10c$347K$335K
Total assetsLn 16$383K$374K
LiabilitiesLn 26$479K$479K
Net assetsLn 32−$96K−$105K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$7K$7K
Accounting feesLn 11c$700$700
OccupancyLn 16$7K$7K
Depreciation, depletion and amortizationLn 22$12K$12K
Other expenses (24a–d)Ln 24$19K$19K
Total functional expensesLn 25$47K$47K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Nov 24, 2025 $37K$47K−$9K−$105K 990 PDF
FY2024 Not on file
FY2023Filed with the IRS Jan 16, 2024 $37K$35K$2K−$79K 990 PDF
FY2022Filed with the IRS Jan 12, 2023 $30K$46K−$16K−$82K 990 PDF
FY2021Filed with the IRS Mar 22, 2022 $32K$35K−$3K−$66K 990 PDF
FY2020Filed with the IRS Dec 3, 2021 −$8K$0−$8K−$63K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $37,264 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $33,529$37,090
I-10 Investment income$174
I-11 Other revenuePrior year $417$0
I-12 Total revenuePrior year $33,946$37,264
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $13,062$7,464
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $37,175$39,050
I-18 Total expensesPrior year $50,237$46,514
I-19 Revenue less expensesPrior year −$16,291−$9,250
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $37,264 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,090$37,090
VIII-3 Investment incomeRelated to mission $174$174
VIII-12 Total revenueRelated to mission $37,264$37,264
Part IX · Statement of functional expenses $46,514 across 5 lines filed
IX-7 Other salaries and wagesPrograms $7,464$7,464
IX-11c Accounting feesPrograms $700$700
IX-16 OccupancyPrograms $7,164$7,164
IX-22 Depreciation, depletion and amortizationPrograms $11,845$11,845
IX-24 Other expenses (24a–d)Programs $19,341$19,341
IX-25 Total functional expensesPrograms $46,514 · Management $0 · Fundraising $0$46,514
Part X · Balance sheet $373,888 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $36,384$38,978
X-10c Land, buildings and equipment, netStart of year $346,754$334,910
X-16 Total assetsStart of year $383,138$373,888
X-24 Unsecured notes and loans payableStart of year $477,100$477,100
X-25 Other liabilitiesStart of year $1,813$1,813
X-26 Total liabilitiesStart of year $478,913$478,913
X-27 Net assets without donor restrictionsStart of year −$95,775−$105,025
X-32 Total net assets or fund balancesStart of year −$95,775−$105,025
X-33 Total liabilities and net assetsStart of year $383,138$373,888
Part XI · Reconciliation of net assets −$105,025 net assets at year end
XI-1 Total revenue$37,264
XI-2 Total expenses$46,514
XI-3 Revenue less expenses−$9,250
XI-4 Net assets at start of year−$95,775
XI-10 Net assets at end of year−$105,025

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

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