Talbert Services INC FY2024 filing

Tax-deductible

Cincinnati, OH501(c)(3)Since 1987Mental HealthEIN 31-1276766

Talbert services, INC. Supports the mission of talbert house, INC. By providing the safe, secure, affordable housing and office space to meet the needs of the clients and staff of the organization and other affiliated organizations.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $991K a year · 18% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1.8M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12.0M
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
-17% vs prior year
Spent
$5.5M
To programs
85%
Net assets
$20.3M
By yearFY2020–FY2024
Revenue
$4.7M
FY2024▼ -17%
Revenue by fiscal year
FY2020$5.7M
FY2021$5.3M
FY2022$6.5M
FY2023$5.7M
FY2024$4.7M
FY2024$7.1M
Expenses
$5.5M
FY2024▲ +17%
Expenses by fiscal year
FY2020$3.9M
FY2021$3.8M
FY2022$4.9M
FY2023$4.7M
FY2024$5.5M
FY2024$11.7M
Net assets
$20.3M
FY2024▼ -4%
Net assets by fiscal year
FY2020$16.9M
FY2021$18.5M
FY2022$20.1M
FY2023$21.1M
FY2024$20.3M
FY2024$15.7M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

You’re viewing the FY2024 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 Jan 1990.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $4.7M Management & general 15% · $855K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Talbert Services 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

Provides property and furnishings to affiliated charities.

Provided by the organization

This section is blank until Talbert Services INC claims this page.

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1 program service account for $4.7M of program spending, described in the organization's own filed words · FY2023.
01

Talbert services, inc. Owns property, furniture and fixtures and rents these assets to talbert house and other associated exempt organizations. In addition, the organization receives a development fee for providing construction and development services to low income housing tax credit projects that they hold an ownership interest in…

$4.7Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$1.8M
Grants paid · 7 grants · $6.7M · 2019–2024
Foundation for Talbert HouseOH · FY2024$6,400,975
Unitemized GrantFY2024$76,811
Unitemized GrantFY2023$66,682
Unitemized GrantFY2022$41,254
Unitemized GrantFY2021$33,159
Unitemized GrantFY2020$37,362
Unitemized GrantFY2019$38,284

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Fees for servicesLn 2g$5.2M
Gifts and grantsLn 1h$819K
Investment incomeLn 3$28K
Money outPt IX
$5.5M
Ln 25
Programscol B$4.7M
Managementcol C$855K
Owns and owesPt X
$20.3M
net assets · Ln 32
Cash and savingsLn 1–2$679K
Total assetsLn 16$32.2M
LiabilitiesLn 26$12.0M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$819K
Government grantsLn 1e$351K
Fees for servicesLn 2g$5.2M
Investment incomeLn 3$28K
Gains on assetsLn 7−$1.4M
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$679K
Cash and savings togetherLn 1–2$679K
InvestmentsLn 11–13$5.0M
Land, buildings, equipmentLn 10c$24.0M
Other assetsLn 15$1.2M
Total assetsLn 16$32.2M
LiabilitiesLn 26$12.0M
Net assetsLn 32$20.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$534K$679K
InvestmentsLn 11–13$5.0M$5.0M
Land, buildings, equipmentLn 10c$21.2M$24.0M
Total assetsLn 16$28.7M$32.2M
LiabilitiesLn 26$7.6M$12.0M
Net assetsLn 32$21.1M$20.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$67K$67K
Other salaries and wagesLn 7$652K$481K$170K
Other employee benefitsLn 9$147K$119K$29K
Legal feesLn 11b$37K$33K$4K
Accounting feesLn 11c$21K$19K$2K
Other fees for servicesLn 11g$728K$652K$75K
OccupancyLn 16$709K$709K
InterestLn 20$276K$276K
Depreciation, depletion and amortizationLn 22$1.5M$1.5M
Other expenses (24a–d)Ln 24$1.2M$881K$299K
All other expensesLn 24e$219K$219K
Total functional expensesLn 25$5.5M$4.7M$855K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $4.7M$5.5M−$820K$20.3M 990 PDF
FY2023 $5.7M$4.7M$950K$21.1M 990 PDF
FY2022 $6.5M$4.9M$1.5M$20.1M 990 PDF
FY2021 $5.3M$3.8M$1.6M$18.5M 990 PDF
FY2020 $5.7M$3.9M$1.7M$16.9M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $4,709,866 across 9 lines filed
VIII-1d Related organizations$34,356
VIII-1e Government grants$351,415
VIII-1f All other contributions, gifts and grants$433,659
VIII-1h Total contributions, gifts and grants$819,430
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,199,566$5,199,566
VIII-3 Investment incomeExcluded from tax $28,324$28,324
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,350,829−$1,350,829
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $13,375$13,375
VIII-12 Total revenueRelated to mission $5,199,566 · Unrelated business $0 · Excluded from tax −$1,309,130$4,709,866
Part IX · Statement of functional expenses $5,529,798 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $66,682$66,682
IX-7 Other salaries and wagesPrograms $481,334 · Management $170,321$651,655
IX-9 Other employee benefitsPrograms $118,650 · Management $28,586$147,236
IX-11b Legal feesPrograms $32,732 · Management $3,790$36,522
IX-11c Accounting feesPrograms $18,566 · Management $2,150$20,716
IX-11g Other fees for servicesPrograms $652,018 · Management $75,499$727,517
IX-16 OccupancyPrograms $709,027$709,027
IX-20 InterestManagement $275,592$275,592
IX-22 Depreciation, depletion and amortizationPrograms $1,494,500$1,494,500
IX-24 Other expenses (24a–d)Programs $881,384 · Management $299,498$1,180,882
IX-24e All other expensesPrograms $219,469$219,469
IX-25 Total functional expensesPrograms $4,674,362 · Management $855,436 · Fundraising $0$5,529,798
Part X · Balance sheet $32,207,669 assets, 13 lines filed
Asset lines not itemized here account for $300,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $534,279$678,736
X-4 Accounts receivableStart of year $743,773$1,082,894
X-10c Land, buildings and equipment, netStart of year $21,218,108$24,039,503
X-13 Program-related investmentsStart of year $5,025,601$4,952,497
X-15 Other assetsStart of year $518,989$1,154,039
X-16 Total assetsStart of year $28,650,424$32,207,669
X-17 Accounts payable and accrued expensesStart of year $756,799$283,444
X-20 Tax-exempt bond liabilitiesStart of year $1,459,071$1,484,692
X-25 Other liabilitiesStart of year $516,688$1,616,865
X-26 Total liabilitiesStart of year $7,568,208$11,952,999
X-27 Net assets without donor restrictionsStart of year $21,082,216$20,254,670
X-32 Total net assets or fund balancesStart of year $21,082,216$20,254,670
X-33 Total liabilities and net assetsStart of year $28,650,424$32,207,669
Part XI · Reconciliation of net assets $20,254,670 net assets at year end
XI-1 Total revenue$4,709,866
XI-2 Total expenses$5,529,798
XI-3 Revenue less expenses−$819,932
XI-4 Net assets at start of year$21,082,216
XI-9 Other changes in net assets−$7,614
XI-10 Net assets at end of year$20,254,670

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

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