Summit One INC FY2020 filing

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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, FY2020. 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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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
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
Liabilities
$480K
115% of total assets
Liabilities are 115% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
−$8K
Spent
$0
Net assets
−$63K
By yearFY2020–FY2025
Revenue
−$8K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020−$8K
FY2021$32K
FY2022$30K
FY2023$37K
FY2025$37K
Expenses
$0
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$35K
FY2022$46K
FY2023$35K
FY2025$47K
Net assets
−$63K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$63K
FY2021−$66K
FY2022−$82K
FY2023−$79K
FY2025−$105K

From the FY2020 Form 990 (year ending June 2020) · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 · in their own filed words · FY2019
01

To provide affordable safe housing for handicapped low income adults.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-2014931) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
−$8K
Ln 12
Investment incomeLn 3$84
Money outPt IX
$0
Ln 25
Owns and owesPt X
−$63K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$417K
LiabilitiesLn 26$480K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$84
Gains on assetsLn 7$0
Total revenueLn 12−$8K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$15K
Cash and savings togetherLn 1–2$19K
Prepaid expenses and deferred chargesLn 9$1K
Land, buildings, equipmentLn 10c$396K
Total assetsLn 16$417K
LiabilitiesLn 26$480K
Net assetsLn 32−$63K
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 FY20End FY20
Cash and savingsLn 1–2$18K$19K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$408K$396K
Total assetsLn 16$427K$417K
LiabilitiesLn 26$482K$480K
Net assetsLn 32−$55K−$63K
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 officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
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$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2020 ViewingFiled 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 FY2020 990
Part I · Summary −$7,702 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $95$84
I-11 Other revenuePrior year −$9,808−$7,786
I-12 Total revenuePrior year −$9,713−$7,702
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 expenses$0
I-18 Total expenses$0
I-19 Revenue less expensesPrior year −$9,713−$7,702
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 −$7,702 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $84$84
VIII-5 Royalties$0
VIII-6 Net rental income or lossUnrelated business −$7,786−$7,786
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 $84 · Unrelated business −$7,786−$7,702
Part IX · Statement of functional expenses $0 across 30 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 officers and key staff (Part IX, line 5)$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 benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
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 meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $416,817 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $4,143$4,229
X-2 Savings and temporary cash investmentsStart of year $13,410$15,053
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,110$1,288
X-10c Land, buildings and equipment, netStart of year $408,091$396,247
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 assets$0
X-16 Total assetsStart of year $426,754$416,817
X-17 Accounts payable and accrued expensesStart of year $3,133$898
X-21 Escrow or custodial accountsStart of year $1,672$1,672
X-23 Secured mortgages and notes payableStart of year $477,100$477,100
X-26 Total liabilitiesStart of year $481,905$479,670
X-27 Net assets without donor restrictionsStart of year −$58,580−$66,282
X-28 Net assets with donor restrictionsStart of year $3,429$3,429
X-32 Total net assets or fund balancesStart of year −$55,151−$62,853
X-33 Total liabilities and net assetsStart of year $426,754$416,817
Part XI · Reconciliation of net assets −$62,853 net assets at year end
XI-1 Total revenue−$7,702
XI-2 Total expenses$0
XI-3 Revenue less expenses−$7,702
XI-4 Net assets at start of year−$55,151
XI-10 Net assets at end of year−$62,853

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

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