Judson Terrace: FY2020 Nonprofit Profile & Form 990 (EIN 31-1040447)

Revenue by fiscal year
FY2020	$334K
FY2021	$333K
FY2022	$316K
FY2023	$365K
FY2024	$384K

Expenses by fiscal year
FY2020	$371K
FY2021	$408K
FY2022	$386K
FY2023	$477K
FY2024	$387K

Net assets by fiscal year
FY2020	−$1.5M
FY2021	−$1.5M
FY2022	−$1.6M
FY2023	−$1.7M
FY2024	−$1.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1982.

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

Where the money goes

88 cents of each dollar spent went to programs.

88%

12%

Program services 88% · $327K Management & general 12% · $44K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation

Benjamin Floyd

President

$0Pt VII · Sec A

Pat Miles

Trustee

$0Pt VII · Sec A

Lora Elliott

Trustee

$0Pt VII · Sec A

Mary Loesch

Secretary

$0Pt VII · Sec A

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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

Provides affordable rental housing and services for low-income seniors.

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Provided by the organization

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1 program · $327K · in their own filed words · FY2020

01

Provided rental housing and related services to qualifying low income elderly individuals. The Organization has 40 rental units for qualifying senior citizens under section 202 of the National Housing Act.

$327Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$334K

Ln 12

Fees for servicesLn 2g$327K

Other incomeLn 4–11$7K

Investment incomeLn 3$399

Money outPt IX

$371K

Ln 25

Programscol B$327K

Managementcol C$44K

Owns and owesPt X

−$1.5M

net assets · Ln 32

Cash and savingsLn 1–2$69K

Total assetsLn 16$954K

LiabilitiesLn 26$2.4M

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$327K

Investment incomeLn 3$399

Other incomeLn 4–11$7K

Total revenueLn 12$334K

Assets in detailPt X, end of year

CashLn 1$69K

Cash and savings togetherLn 1–2$69K

Land, buildings, equipmentLn 10c$586K

Other assetsLn 15$288K

Total assetsLn 16$954K

LiabilitiesLn 26$2.4M

Net assetsLn 32−$1.5M

OperationsPt I, VI

EmployeesI 50

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$40K	$69K
Land, buildings, equipmentLn 10c	$642K	$586K
Total assetsLn 16	$973K	$954K
LiabilitiesLn 26	$2.4M	$2.4M
Net assetsLn 32	−$1.4M	−$1.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$23K	$0	$23K	$0
Legal feesLn 11b	$183	$0	$183	$0
Accounting feesLn 11c	$11K	$2K	$9K	$0
Advertising and promotionLn 12	$3K	$3K	$0	$0
Office expensesLn 13	$17K	$11K	$6K	$0
OccupancyLn 16	$127K	$127K	$0	$0
InterestLn 20	$496	$496	$0	$0
Depreciation, depletion and amortizationLn 22	$81K	$81K	$0	$0
Other expenses (24a–d)Ln 24	$104K	$97K	$7K	$0
All other expensesLn 24e	$5K	$5K	$275	$0
Total functional expensesLn 25	$371K	$327K	$44K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$384K	$387K	−$3K	−$1.7M	990 PDF
FY2023	$365K	$477K	−$111K	−$1.7M	990 PDF
FY2022	$316K	$386K	−$69K	−$1.6M	990 PDF
FY2021	$333K	$408K	−$74K	−$1.5M	990 PDF
FY2020 Viewing	$334K	$371K	−$37K	−$1.5M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2020 990 (6 parts)

Part I · Summary $333,608 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $203,727$0

I-9 Program service revenuePrior year $124,428$326,623

I-10 Investment incomePrior year $609$399

I-11 Other revenuePrior year $3,640$6,586

I-12 Total revenuePrior year $332,404$333,608

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 $356,162$370,990

I-18 Total expensesPrior year $356,162$370,990

I-19 Revenue less expensesPrior year −$23,758−$37,382

Part VI · Governance 4 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

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 $333,608 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$326,623

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $399$399

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,586 · Unrelated business $0 · Excluded from tax $0$6,586

VIII-12 Total revenueRelated to mission $333,209 · Unrelated business $0 · Excluded from tax $399$333,608

Part IX · Statement of functional expenses $370,990 across 10 lines filed

IX-11a Management feesPrograms $0 · Management $22,806 · Fundraising $0$22,806

IX-11b Legal feesPrograms $0 · Management $183 · Fundraising $0$183

IX-11c Accounting feesPrograms $2,112 · Management $8,528 · Fundraising $0$10,640

IX-12 Advertising and promotionPrograms $2,972 · Management $0 · Fundraising $0$2,972

IX-13 Office expensesPrograms $10,907 · Management $5,713 · Fundraising $0$16,620

IX-16 OccupancyPrograms $127,259 · Management $0 · Fundraising $0$127,259

IX-20 InterestPrograms $496 · Management $0 · Fundraising $0$496

IX-22 Depreciation, depletion and amortizationPrograms $81,411 · Management $0 · Fundraising $0$81,411

IX-24 Other expenses (24a–d)Programs $96,992 · Management $6,792 · Fundraising $0$103,784

IX-24e All other expensesPrograms $4,544 · Management $275 · Fundraising $0$4,819

IX-25 Total functional expensesPrograms $326,693 · Management $44,297 · Fundraising $0$370,990

Part X · Balance sheet $954,098 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $39,541$69,109

X-4 Accounts receivableStart of year $4,635$3,644

X-9 Prepaid expenses and deferred chargesStart of year $4,299$7,462

X-10c Land, buildings and equipment, netStart of year $642,225$586,112

X-15 Other assetsStart of year $281,952$287,771

X-16 Total assetsStart of year $972,652$954,098

X-17 Accounts payable and accrued expensesStart of year $152,998$176,936

X-19 Deferred revenueStart of year $891$136

X-25 Other liabilitiesStart of year $207,749$207,837

X-26 Total liabilitiesStart of year $2,390,643$2,409,471

X-27 Net assets without donor restrictionsStart of year −$1,417,991−$1,455,373

X-32 Total net assets or fund balancesStart of year −$1,417,991−$1,455,373

X-33 Total liabilities and net assetsStart of year $972,652$954,098

Part XI · Reconciliation of net assets −$1,455,373 net assets at year end

XI-1 Total revenue$333,608

XI-2 Total expenses$370,990

XI-3 Revenue less expenses−$37,382

XI-4 Net assets at start of year−$1,417,991

XI-10 Net assets at end of year−$1,455,373

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

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Judson Terrace FY2020 filing

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 Judson Terrace

By the numbers

Filing history

Schedules filed Part IV