Abcap Housing III INC FY2023 filing

Tax-deductible

Georgetown, OH501(c)(3)Since 1988HousingEIN 31-1267721Revenue $121K in FY2023

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.
78¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
78%
of spending
Looks good: 78% 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: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 5 voting members
Worth a look: 1 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$121K
-66% vs prior year
Spent
$176K
To programs
78%
Net assets
$74K
By yearFY2020–FY2025
Revenue
$121K
FY2023▼ -66%
Tap a bar for its year
Revenue by fiscal year
FY2020$121K
FY2021$114K
FY2022$361K
FY2023$121K
FY2024$126K
FY2025$132K
Expenses
$176K
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$107K
FY2021$83K
FY2022$168K
FY2023$176K
FY2024$187K
FY2025$184K
Net assets
$74K
FY2023▼ -42%
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 FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

78 cents of each dollar spent went to programs.

Program services 78% · $137K Management & general 22% · $39K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$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 15aYes

Programs and updates

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

Questions for Abcap Housing III INC

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Provided by the organization

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1 program · $137K · in their own filed words · FY2023
01

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

$137Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$121K
Ln 12
Fees for servicesLn 2g$117K
Other incomeLn 4–11$4K
Investment incomeLn 3$44
Money outPt IX
$176K
Ln 25
Programscol B$137K
Managementcol C$39K
Owns and owesPt X
$74K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$117K
Investment incomeLn 3$44
Other incomeLn 4–11$4K
Total revenueLn 12$121K
Assets in detailPt X, end of year
CashLn 1$7K
Cash and savings togetherLn 1–2$7K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$70K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.2M
Net assetsLn 32$74K
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 FY23End FY23
Cash and savingsLn 1–2$9K$7K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$1.2M$1.2M
Net assetsLn 32$128K$74K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$8K$8K
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$253$253
Office expensesLn 13$7K$7K
Information technologyLn 14$1K$1K
OccupancyLn 16$21K$21K
InterestLn 20$28K$28K
Depreciation, depletion and amortizationLn 22$59K$59K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$35K$21K$14K
All other expensesLn 24e$4K$4K$8
Total functional expensesLn 25$176K$137K$39K$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 Viewing $121K$176K−$55K$74K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $121,165 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $317,684$0
I-9 Program service revenuePrior year $37,748$117,336
I-10 Investment incomePrior year $42$44
I-11 Other revenuePrior year $5,419$3,785
I-12 Total revenuePrior year $360,893$121,165
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 $168,401$175,699
I-18 Total expensesPrior year $168,401$175,699
I-19 Revenue less expensesPrior year $192,492−$54,534
Part VI · Governance 1 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members1
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 $121,165 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $117,336$117,336
VIII-3 Investment incomeExcluded from tax $44$44
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,785$3,785
VIII-12 Total revenueRelated to mission $117,336 · Unrelated business $0 · Excluded from tax $3,829$121,165
Part IX · Statement of functional expenses $175,699 across 11 lines filed
IX-11a Management feesManagement $7,821$7,821
IX-11c Accounting feesManagement $8,778$8,778
IX-12 Advertising and promotionManagement $253$253
IX-13 Office expensesManagement $6,925$6,925
IX-14 Information technologyManagement $1,171$1,171
IX-16 OccupancyPrograms $20,567$20,567
IX-20 InterestPrograms $28,345$28,345
IX-22 Depreciation, depletion and amortizationPrograms $59,350$59,350
IX-23 InsurancePrograms $3,951$3,951
IX-24 Other expenses (24a–d)Programs $21,038 · Management $13,950$34,988
IX-24e All other expensesPrograms $3,542 · Management $8$3,550
IX-25 Total functional expensesPrograms $136,793 · Management $38,906 · Fundraising $0$175,699
Part X · Balance sheet $1,261,140 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $9,374$7,021
X-4 Accounts receivableStart of year $25$764
X-10c Land, buildings and equipment, netStart of year $1,241,313$1,183,794
X-15 Other assetsStart of year $69,948$69,561
X-16 Total assetsStart of year $1,320,660$1,261,140
X-17 Accounts payable and accrued expensesStart of year $35,617$37,312
X-24 Unsecured notes and loans payable$13,869
X-25 Other liabilitiesStart of year $2,733$2,968
X-26 Total liabilitiesStart of year $1,192,210$1,187,224
X-27 Net assets without donor restrictionsStart of year $128,450$73,916
X-32 Total net assets or fund balancesStart of year $128,450$73,916
X-33 Total liabilities and net assetsStart of year $1,320,660$1,261,140
Part XI · Reconciliation of net assets $73,916 net assets at year end
XI-1 Total revenue$121,165
XI-2 Total expenses$175,699
XI-3 Revenue less expenses−$54,534
XI-4 Net assets at start of year$128,450
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$73,916

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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