Abcap Housing III INC FY2022 filing

Tax-deductible

Georgetown, OH501(c)(3)Since 1988HousingEIN 31-1267721Revenue $361K in FY2022

On file with the IRSabcap.net406 W Plum St, 45121-1056 · Georgetown, OHTax-exempt since Jul 1989Publicly supported charity — 170(b)(1)(A)(vi)

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To provide facilities & services designed to meet the physical, social and psychological needs for elderly & handicapped individuals.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $12K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 7 voting members
Worth a look: 2 of 7 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$361K
+217% vs prior year
Spent
$168K
To programs
91%
Net assets
$128K
By yearFY2020–FY2025
Revenue
$361K
FY2022▲ +217%
Tap a bar for its year
Revenue by fiscal year
FY2020$121K
FY2021$114K
FY2022$361K
FY2023$121K
FY2024$126K
FY2025$132K
Expenses
$168K
FY2022▲ +102%
Tap a bar for its year
Expenses by fiscal year
FY2020$107K
FY2021$83K
FY2022$168K
FY2023$176K
FY2024$187K
FY2025$184K
Net assets
$128K
FY2022▲ +301%
Tap a bar for its year
Net assets by fiscal year
FY2020−$94K
FY2021−$64K
FY2022$128K
FY2023$74K
FY2024$13K
FY2025−$39K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Jul 1989.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $153K Management & general 9% · $16K

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
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Fiscal Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
See Abcap Housing III 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers facilities and services for elderly and handicapped individuals' physical, social, and psychological needs.

Provided by the organization

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1 program · $153K · in their own filed words · FY2022
01

The organization provides affordable housing to the elderly and handicapped in adams county, ohio.

$153Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$361K
Ln 12
Gifts and grantsLn 1h$318K
Fees for servicesLn 2g$38K
Other incomeLn 4–11$5K
Money outPt IX
$168K
Ln 25
Programscol B$153K
Managementcol C$16K
Owns and owesPt X
$128K
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$318K
Government grantsLn 1e$74K
Fees for servicesLn 2g$38K
Investment incomeLn 3$42
Other incomeLn 4–11$5K
Total revenueLn 12$361K
Assets in detailPt X, end of year
CashLn 1$9K
Cash and savings togetherLn 1–2$9K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$70K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.2M
Net assetsLn 32$128K
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
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 FY22End FY22
Cash and savingsLn 1–2$50K$9K
Land, buildings, equipmentLn 10c$1.3M$1.2M
Total assetsLn 16$1.4M$1.3M
LiabilitiesLn 26$1.5M$1.2M
Net assetsLn 32−$64K$128K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$5K$5K
Legal feesLn 11b$112$112
Advertising and promotionLn 12$210$210
Office expensesLn 13$5K$5K
OccupancyLn 16$24K$24K
Conferences, conventions and meetingsLn 19$75$75
InterestLn 20$31K$31K
Depreciation, depletion and amortizationLn 22$59K$59K
InsuranceLn 23$834$834
Other expenses (24a–d)Ln 24$43K$32K$11K
Total functional expensesLn 25$168K$153K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $132K$184K−$52K−$39K 990 PDF
FY2024 $126K$187K−$61K$13K 990 PDF
FY2023 $121K$176K−$55K$74K 990 PDF
FY2022 Viewing $361K$168K$192K$128K 990 PDF
FY2021 $114K$83K$30K−$64K 990 PDF
FY2020 $121K$107K$14K−$94K 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 FY2022 990 (6 parts)
Part I · Summary $360,893 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $101,714$317,684
I-9 Program service revenuePrior year $11,143$37,748
I-10 Investment incomePrior year $14$42
I-11 Other revenuePrior year $889$5,419
I-12 Total revenuePrior year $113,760$360,893
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 $83,491$168,401
I-18 Total expensesPrior year $83,491$168,401
I-19 Revenue less expensesPrior year $30,269$192,492
Part VI · Governance 2 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $360,893 across 7 lines filed
VIII-1e Government grants$73,944
VIII-1f All other contributions, gifts and grants$243,740
VIII-1h Total contributions, gifts and grants$317,684
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,748$37,748
VIII-3 Investment incomeExcluded from tax $42$42
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,419$5,419
VIII-12 Total revenueRelated to mission $43,167 · Unrelated business $0 · Excluded from tax $42$360,893
Part IX · Statement of functional expenses $168,401 across 10 lines filed
IX-11a Management feesManagement $4,741$4,741
IX-11b Legal feesPrograms $112$112
IX-12 Advertising and promotionPrograms $210$210
IX-13 Office expensesPrograms $5,148$5,148
IX-16 OccupancyPrograms $23,864$23,864
IX-19 Conferences, conventions and meetingsPrograms $75$75
IX-20 InterestPrograms $31,189$31,189
IX-22 Depreciation, depletion and amortizationPrograms $59,032$59,032
IX-23 InsurancePrograms $834$834
IX-24 Other expenses (24a–d)Programs $32,395 · Management $10,801$43,196
IX-25 Total functional expensesPrograms $152,859 · Management $15,542 · Fundraising $0$168,401
Part X · Balance sheet $1,320,660 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $50,086$9,374
X-4 Accounts receivableStart of year $489$25
X-10c Land, buildings and equipment, netStart of year $1,300,345$1,241,313
X-15 Other assetsStart of year $62,632$69,948
X-16 Total assetsStart of year $1,413,552$1,320,660
X-17 Accounts payable and accrued expensesStart of year $37,769$35,617
X-25 Other liabilitiesStart of year $2,484$2,733
X-26 Total liabilitiesStart of year $1,477,594$1,192,210
X-27 Net assets without donor restrictionsStart of year −$64,042$128,450
X-32 Total net assets or fund balancesStart of year −$64,042$128,450
X-33 Total liabilities and net assetsStart of year $1,413,552$1,320,660
Part XI · Reconciliation of net assets $128,450 net assets at year end
XI-1 Total revenue$360,893
XI-2 Total expenses$168,401
XI-3 Revenue less expenses$192,492
XI-4 Net assets at start of year−$64,042
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$128,450

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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