Tapestry Development Group INC

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Foster the Development of affordable housing apartments for low to moderate income tenants.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-2814156) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$468K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.0M a year · 72% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
71% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$468K
to officers and key staff · 40% of spending
Pay to officers and key staff is 40% of spending.
Part VII, Section A
1.8 mo
of spending, in cash
1.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$3.5M
24% of total assets
Liabilities are 24% 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
$9.6M
+786% vs prior year
Spent
$1.2M
To programs
71%
Net assets
$10.8M
By yearFY2020–FY2024
Revenue
$9.6M
FY2024▲ +786%
Tap a bar for its year
Revenue by fiscal year
FY2020$930K
FY2021$1.1M
FY2022$1.3M
FY2023$1.1M
FY2024$9.6M
Expenses
$1.2M
FY2024▲ +98%
Tap a bar for its year
Expenses by fiscal year
FY2020$568K
FY2021$778K
FY2022$787K
FY2023$589K
FY2024$1.2M
Net assets
$10.8M
FY2024▲ +269%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.9M
FY2022$2.4M
FY2023$2.9M
FY2024$10.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2011.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $824K Management & general 29% · $339K

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

7 people listed on the 990; $468K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$468,382Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jonathan R Toppen’s $468K as President is at the 99th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jonathan R Toppen$468,382$241,567$210,306$209,523$205,241

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Tapestry Development Group 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 15aYes

Programs and updates

Develops affordable housing apartments for low to moderate income tenants.

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1 program · $824K · in their own filed words · FY2024
01

Foster the development of affordable housing apartments for low to moderate income tenants.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-2814156) · Dispute this line
$824Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$40K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$9.6M
Ln 12
Fees for servicesLn 2g$9.6M
Investment incomeLn 3$28K
Gifts and grantsLn 1h$1K
Money outPt IX
$1.2M
Ln 25
Programscol B$824K
Managementcol C$339K
Owns and owesPt X
$10.8M
net assets · Ln 32
Cash and savingsLn 1–2$176K
Total assetsLn 16$14.3M
LiabilitiesLn 26$3.5M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$9.6M
Investment incomeLn 3$28K
Total revenueLn 12$9.6M
Assets in detailPt X, end of year
CashLn 1$176K
Cash and savings togetherLn 1–2$176K
Accounts receivableLn 4$9.5M
Notes and loans receivableLn 7$1.1M
Prepaid expenses and deferred chargesLn 9$7K
InvestmentsLn 11–13$13K
Other assetsLn 15$3.5M
Total assetsLn 16$14.3M
LiabilitiesLn 26$3.5M
Net assetsLn 32$10.8M
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
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$378K$176K
InvestmentsLn 11–13$13K$13K
Total assetsLn 16$6.3M$14.3M
LiabilitiesLn 26$3.4M$3.5M
Net assetsLn 32$2.9M$10.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$314K$236K$79K
Other salaries and wagesLn 7$88K$66K$22K
Other employee benefitsLn 9$42K$31K$10K
Payroll taxesLn 10$24K$18K$6K
Legal feesLn 11b$105K$26K$78K
Advertising and promotionLn 12$15K$15K
Office expensesLn 13$31K$24K$7K
TravelLn 17$27K$21K$5K
InterestLn 20$26K$26K
Depreciation, depletion and amortizationLn 22$357K$357K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$119K$19K$100K
Total functional expensesLn 25$1.2M$824K$339K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $9.6M$1.2M$8.5M$10.8M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $1.1M$589K$498K$2.9M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $1.3M$787K$499K$2.4M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $1.1M$778K$308K$1.9M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $930K$568K$362K$1.6M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2024 990
Part I · Summary $9,630,923 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $40,000$1,000
I-9 Program service revenuePrior year $1,019,120$9,602,187
I-10 Investment incomePrior year $27,509$27,736
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,086,629$9,630,923
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $373,174$468,402
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $215,345$694,574
I-18 Total expensesPrior year $588,519$1,162,976
I-19 Revenue less expensesPrior year $498,110$8,467,947
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,630,923 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,000
VIII-1h Total contributions, gifts and grants$1,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,602,187$9,602,187
VIII-3 Investment incomeExcluded from tax $27,736$27,736
VIII-12 Total revenueRelated to mission $9,602,187 · Unrelated business $0 · Excluded from tax $27,736$9,630,923
Part IX · Statement of functional expenses $1,162,976 across 12 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $235,538 · Management $78,513$314,051
IX-7 Other salaries and wagesPrograms $66,185 · Management $22,062$88,247
IX-9 Other employee benefitsPrograms $31,257 · Management $10,419$41,676
IX-10 Payroll taxesPrograms $18,321 · Management $6,107$24,428
IX-11b Legal feesPrograms $26,128 · Management $78,383$104,511
IX-12 Advertising and promotionManagement $15,280$15,280
IX-13 Office expensesPrograms $24,067 · Management $6,987$31,054
IX-17 TravelPrograms $21,411 · Management $5,353$26,764
IX-20 InterestPrograms $25,615$25,615
IX-22 Depreciation, depletion and amortizationPrograms $357,143$357,143
IX-23 InsuranceManagement $15,130$15,130
IX-24 Other expenses (24a–d)Programs $18,789 · Management $100,288$119,077
IX-25 Total functional expensesPrograms $824,454 · Management $338,522 · Fundraising $0$1,162,976
Part X · Balance sheet $14,295,763 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $378,115$175,513
X-4 Accounts receivableStart of year $2,068,896$9,453,202
X-7 Notes and loans receivableStart of year $1,111,155$1,111,155
X-9 Prepaid expenses and deferred chargesStart of year $7,325$7,325
X-12 Other securitiesStart of year $12,600$12,600
X-15 Other assetsStart of year $2,758,095$3,535,968
X-16 Total assetsStart of year $6,336,186$14,295,763
X-17 Accounts payable and accrued expensesStart of year $69,233$292,923
X-23 Secured mortgages and notes payableStart of year $3,288,655$2,963,614
X-25 Other liabilitiesStart of year $50,808$225,002
X-26 Total liabilitiesStart of year $3,408,696$3,481,539
X-27 Net assets without donor restrictionsStart of year $2,927,490$10,814,224
X-32 Total net assets or fund balancesStart of year $2,927,490$10,814,224
X-33 Total liabilities and net assetsStart of year $6,336,186$14,295,763
Part XI · Reconciliation of net assets $10,814,224 net assets at year end
XI-1 Total revenue$9,630,923
XI-2 Total expenses$1,162,976
XI-3 Revenue less expenses$8,467,947
XI-4 Net assets at start of year$2,927,490
XI-8 Prior period adjustments−$581,213
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,814,224

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

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