To provide affordable accessible housing to the elderly and handicapped persons.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
3 of 5
filings with a surplus
Average surplus $3K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$723K
151% of total assets
Concern: liabilities are 151% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$513K
Spent
$452K
To programs
92%
Net assets
−$243K
By yearFY2020–FY2024
Revenue
$513K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$513K
FY2021$520K
FY2022$529K
FY2023$538K
FY2024$558K
Expenses
$452K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$452K
FY2021$510K
FY2022$499K
FY2023$571K
FY2024$612K
Net assets
−$243K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$243K
FY2021−$233K
FY2022−$203K
FY2023−$236K
FY2024−$290K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1984.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $417K Management & general 8% · $35K

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Obgc I INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable, accessible housing for the elderly and disabled.

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Your first name shows with your question. Obgc I INC answers here, for everyone.

Provided by the organization

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1 program · $417K · in their own filed words · FY2020
01

Provide housing for elderly and low-income individuals with mobility disabilities by operating a 45-UNIT apartment complex under sec. 202 of the national affordable housing act.

$417Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$513K
Ln 12
Gifts and grantsLn 1h$368K
Fees for servicesLn 2g$143K
Other incomeLn 4–11$2K
Money outPt IX
$452K
Ln 25
Programscol B$417K
Managementcol C$35K
Owns and owesPt X
−$243K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$480K
LiabilitiesLn 26$723K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$368K
Government grantsLn 1e$368K
Fees for servicesLn 2g$143K
Investment incomeLn 3$52
Other incomeLn 4–11$2K
Total revenueLn 12$513K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$276
Cash and savings togetherLn 1–2$2K
Land, buildings, equipmentLn 10c$355K
Other assetsLn 15$117K
Total assetsLn 16$480K
LiabilitiesLn 26$723K
Net assetsLn 32−$243K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$3K$2K
Land, buildings, equipmentLn 10c$358K$355K
Total assetsLn 16$483K$480K
LiabilitiesLn 26$787K$723K
Net assetsLn 32−$304K−$243K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$25K$25K
Legal feesLn 11b$630$630
Office expensesLn 13$32K$32K
OccupancyLn 16$82K$82K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$64K$64K
Depreciation, depletion and amortizationLn 22$57K$57K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$178K$170K$8K
Total functional expensesLn 25$452K$417K$35K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $558K$612K−$54K−$290K 990 PDF
FY2023 $538K$571K−$33K−$236K 990 PDF
FY2022 $529K$499K$30K−$203K 990 PDF
FY2021 $520K$510K$10K−$233K 990 PDF
FY2020 Viewing $513K$452K$61K−$243K 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 FY2020 990 (6 parts)
Part I · Summary $513,099 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $365,525$367,535
I-9 Program service revenuePrior year $133,904$143,350
I-10 Investment incomePrior year $619$52
I-11 Other revenuePrior year $4,964$2,162
I-12 Total revenuePrior year $505,012$513,099
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $500,790$452,370
I-18 Total expensesPrior year $500,790$452,370
I-19 Revenue less expensesPrior year $4,222$60,729
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-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $513,099 across 6 lines filed
VIII-1e Government grants$367,535
VIII-1h Total contributions, gifts and grants$367,535
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $143,350$143,350
VIII-3 Investment incomeExcluded from tax $52$52
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,162$2,162
VIII-12 Total revenueRelated to mission $145,512 · Unrelated business $0 · Excluded from tax $52$513,099
Part IX · Statement of functional expenses $452,370 across 9 lines filed
IX-11a Management feesManagement $25,020$25,020
IX-11b Legal feesPrograms $630$630
IX-13 Office expensesPrograms $32,213$32,213
IX-16 OccupancyPrograms $81,776$81,776
IX-19 Conferences, conventions and meetingsManagement $2,136$2,136
IX-20 InterestPrograms $63,685$63,685
IX-22 Depreciation, depletion and amortizationPrograms $57,498$57,498
IX-23 InsurancePrograms $11,566$11,566
IX-24 Other expenses (24a–d)Programs $169,616 · Management $8,230$177,846
IX-25 Total functional expensesPrograms $416,984 · Management $35,386 · Fundraising $0$452,370
Part X · Balance sheet $479,906 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $3,191$1,392
X-2 Savings and temporary cash investments$276
X-9 Prepaid expenses and deferred chargesStart of year $6,999$6,785
X-10c Land, buildings and equipment, netStart of year $358,263$354,630
X-15 Other assetsStart of year $114,261$116,823
X-16 Total assetsStart of year $482,714$479,906
X-17 Accounts payable and accrued expensesStart of year $53,821$55,913
X-19 Deferred revenueStart of year $332$112
X-25 Other liabilitiesStart of year $9,803$8,388
X-26 Total liabilitiesStart of year $786,613$723,076
X-27 Net assets without donor restrictionsStart of year −$303,899−$243,170
X-32 Total net assets or fund balancesStart of year −$303,899−$243,170
X-33 Total liabilities and net assetsStart of year $482,714$479,906
Part XI · Reconciliation of net assets −$243,170 net assets at year end
XI-1 Total revenue$513,099
XI-2 Total expenses$452,370
XI-3 Revenue less expenses$60,729
XI-4 Net assets at start of year−$303,899
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$243,170

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

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