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Rose Valley Development Incorporated

Not tax-deductible

Rosedale, IN501(c)(4)HousingEIN 30-0136562Revenue $80K in FY2024

On file with the IRSPo Box 283, 47874-0283 · Rosedale, INTax-exempt since Sep 2003

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The organizations purpose is to provide older citizens of the community with general housing for the advancement of the social welfare of the community

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 $23K a year · 28% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$48K
15% of total assets
Looks good: liabilities are 15% 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
$80K
-5% vs prior year
Spent
$102K
To programs
100%
Net assets
$283K
By yearFY2020–FY2024
Revenue
$80K
FY2024▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$86K
FY2021$82K
FY2022$75K
FY2023$84K
FY2024$80K
Expenses
$102K
FY2024▼ -28%
Tap a bar for its year
Expenses by fiscal year
FY2020$91K
FY2021$89K
FY2022$97K
FY2023$142K
FY2024$102K
Net assets
$283K
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$392K
FY2021$384K
FY2022$363K
FY2023$305K
FY2024$283K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2003.

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% · $102K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Judy Adams
Secretary
$0Pt VII · Sec A
Pat Manley
Vice President
$0Pt VII · Sec A
Connie Brown
Treasurer
$0Pt VII · Sec A
Jim Howard
2nd V.p.
$0Pt VII · Sec A
See Rose Valley Development Incorporated executive salaries →

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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

Offers housing to older citizens, improving community well-being.

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Provided by the organization

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1 program · $102K · in their own filed words · FY2024
01

The organizations purpose is to provide older citizens of the community with general housing for the advancement of the social welfare of the community

$102Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$80K
Ln 12
Fees for servicesLn 2g$78K
Investment incomeLn 3$2K
Money outPt IX
$102K
Ln 25
Programscol B$102K
Owns and owesPt X
$283K
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$331K
LiabilitiesLn 26$48K
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$78K
Investment incomeLn 3$2K
Total revenueLn 12$80K
Assets in detailPt X, end of year
CashLn 1$27K
SavingsLn 2$52K
Cash and savings togetherLn 1–2$79K
Land, buildings, equipmentLn 10c$252K
Total assetsLn 16$331K
LiabilitiesLn 26$48K
Net assetsLn 32$283K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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
LineStart FY24End FY24
Cash and savingsLn 1–2$80K$79K
Land, buildings, equipmentLn 10c$281K$252K
Total assetsLn 16$361K$331K
LiabilitiesLn 26$55K$48K
Net assetsLn 32$305K$283K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$18K$18K$0$0
Payroll taxesLn 10$2K$2K$0$0
Management feesLn 11a$500$500$0$0
Legal feesLn 11b$2K$2K$0$0
Accounting feesLn 11c$2K$2K$0$0
Advertising and promotionLn 12$28$28$0$0
Office expensesLn 13$837$837$0$0
OccupancyLn 16$33K$33K$0$0
InterestLn 20$416$416$0$0
Depreciation, depletion and amortizationLn 22$28K$28K$0$0
InsuranceLn 23$16K$16K$0$0
Other expenses (24a–d)Ln 24$90$90$0$0
Total functional expensesLn 25$102K$102K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $80K$102K−$23K$283K 990 PDF
FY2023 $84K$142K−$58K$305K 990 PDF
FY2022 $75K$97K−$21K$363K 990 PDF
FY2021 $82K$89K−$7K$384K 990 PDF
FY2020 $86K$91K−$4K$392K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $79,909 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $83,368$78,337
I-10 Investment incomePrior year $905$1,572
I-11 Other revenue$0
I-12 Total revenuePrior year $84,273$79,909
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $19,399$19,522
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $122,426$82,953
I-18 Total expensesPrior year $141,825$102,475
I-19 Revenue less expensesPrior year −$57,552−$22,566
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $79,909 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$78,337
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$1,572
VIII-12 Total revenueRelated to mission $79,909 · Unrelated business $0 · Excluded from tax $0$79,909
Part IX · Statement of functional expenses $102,475 across 12 lines filed
IX-6 Pay of disqualified personsPrograms $18,000 · Management $0 · Fundraising $0$18,000
IX-10 Payroll taxesPrograms $1,522 · Management $0 · Fundraising $0$1,522
IX-11a Management feesPrograms $500 · Management $0 · Fundraising $0$500
IX-11b Legal feesPrograms $1,935 · Management $0 · Fundraising $0$1,935
IX-11c Accounting feesPrograms $1,968 · Management $0 · Fundraising $0$1,968
IX-12 Advertising and promotionPrograms $28 · Management $0 · Fundraising $0$28
IX-13 Office expensesPrograms $837 · Management $0 · Fundraising $0$837
IX-16 OccupancyPrograms $32,850 · Management $0 · Fundraising $0$32,850
IX-20 InterestPrograms $416 · Management $0 · Fundraising $0$416
IX-22 Depreciation, depletion and amortizationPrograms $28,159 · Management $0 · Fundraising $0$28,159
IX-23 InsurancePrograms $16,170 · Management $0 · Fundraising $0$16,170
IX-24 Other expenses (24a–d)Programs $90 · Management $0 · Fundraising $0$90
IX-25 Total functional expensesPrograms $102,475 · Management $0 · Fundraising $0$102,475
Part X · Balance sheet $331,098 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $22,778$26,837
X-2 Savings and temporary cash investmentsStart of year $57,235$51,852
X-10c Land, buildings and equipment, netStart of year $280,569$252,409
X-16 Total assetsStart of year $360,582$331,098
X-17 Accounts payable and accrued expensesStart of year $5,021$5,387
X-26 Total liabilitiesStart of year $55,349$48,431
X-27 Net assets without donor restrictionsStart of year $305,233$282,667
X-32 Total net assets or fund balancesStart of year $305,233$282,667
X-33 Total liabilities and net assetsStart of year $360,582$331,098
Part XI · Reconciliation of net assets $282,667 net assets at year end
XI-1 Total revenue$79,909
XI-2 Total expenses$102,475
XI-3 Revenue less expenses−$22,566
XI-4 Net assets at start of year$305,233
XI-10 Net assets at end of year$282,667

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

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