16-unit rental Housing project for low income persons with disabilities.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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 $11K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$119K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$210K
+5% vs prior year
Spent
$173K
To programs
89%
Net assets
$473K
By yearFY2020–FY2024
Revenue
$210K
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$176K
FY2021$178K
FY2022$182K
FY2023$200K
FY2024$210K
Expenses
$173K
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$154K
FY2021$173K
FY2022$215K
FY2023$178K
FY2024$173K
Net assets
$473K
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$440K
FY2021$446K
FY2022$413K
FY2023$436K
FY2024$473K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1991.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $153K Management & general 11% · $20K

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

21 people listed on the 990.

Part VII, Section A · reportable compensation
CEO (exited 3.24.25)
$0Pt VII · Sec A
Chief Development Officer
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Chief Strategy Officer
$0Pt VII · Sec A
Cheif Operating Officer
$0Pt VII · Sec A
Information Technology Dir
$0Pt VII · Sec A
Resource Development & Mar
$0Pt VII · Sec A
Asset Management Director
$0Pt VII · Sec A
See Network Housing '90 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 16 affordable rental homes for people with disabilities.

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Provided by the organization

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1 program · $153K · in their own filed words · FY2024
01

This unit provides 16 units of safe, affordable housing linked to rental subsidies and services for low income persons disabled with mental ILLNESS.IN addition to performing all customary property management services, CHN also offers many different supportive services to residents and employs a part-time resident manager to be on-site.

$153Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$210K
Ln 12
Gifts and grantsLn 1h$140K
Fees for servicesLn 2g$46K
Other incomeLn 4–11$15K
Money outPt IX
$173K
Ln 25
Programscol B$153K
Managementcol C$20K
Owns and owesPt X
$473K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$592K
LiabilitiesLn 26$119K
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$140K
Government grantsLn 1e$140K
Fees for servicesLn 2g$46K
Investment incomeLn 3$9K
Other incomeLn 4–11$15K
Total revenueLn 12$210K
Assets in detailPt X, end of year
CashLn 1$1K
Cash and savings togetherLn 1–2$1K
Land, buildings, equipmentLn 10c$124K
Other assetsLn 15$467K
Total assetsLn 16$592K
LiabilitiesLn 26$119K
Net assetsLn 32$473K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY24End FY24
Cash and savingsLn 1–2$1K
Land, buildings, equipmentLn 10c$137K$124K
Total assetsLn 16$579K$592K
LiabilitiesLn 26$143K$119K
Net assetsLn 32$436K$473K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$11K$11K
Legal feesLn 11b$384$384
Office expensesLn 13$8K$8K
OccupancyLn 16$34K$34K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$100K$91K$9K
Total functional expensesLn 25$173K$153K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $210K$173K$37K$473K 990 PDF
FY2023 $200K$178K$23K$436K 990 PDF
FY2022 $182K$215K−$32K$413K 990 PDF
FY2021 $178K$173K$5K$446K 990 PDF
FY2020 $176K$154K$23K$440K 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 FY2024 990 (6 parts)
Part I · Summary $210,136 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $127,720$139,815
I-9 Program service revenuePrior year $48,878$46,135
I-10 Investment incomePrior year $8,314$8,939
I-11 Other revenuePrior year $15,258$15,247
I-12 Total revenuePrior year $200,170$210,136
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 $177,669$172,965
I-18 Total expensesPrior year $177,669$172,965
I-19 Revenue less expensesPrior year $22,501$37,171
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $210,136 across 6 lines filed
VIII-1e Government grants$139,815
VIII-1h Total contributions, gifts and grants$139,815
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,135$46,135
VIII-3 Investment incomeExcluded from tax $8,939$8,939
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,247$15,247
VIII-12 Total revenueRelated to mission $61,382 · Unrelated business $0 · Excluded from tax $8,939$210,136
Part IX · Statement of functional expenses $172,965 across 7 lines filed
IX-11a Management feesManagement $10,766$10,766
IX-11b Legal feesPrograms $384$384
IX-13 Office expensesPrograms $8,006$8,006
IX-16 OccupancyPrograms $34,303$34,303
IX-22 Depreciation, depletion and amortizationPrograms $13,030$13,030
IX-23 InsurancePrograms $6,262$6,262
IX-24 Other expenses (24a–d)Programs $91,469 · Management $8,745$100,214
IX-25 Total functional expensesPrograms $153,454 · Management $19,511 · Fundraising $0$172,965
Part X · Balance sheet $592,063 assets, 13 lines filed
X-1 Cash, non-interest-bearing$1,294
X-4 Accounts receivableStart of year $146$500
X-10c Land, buildings and equipment, netStart of year $136,714$123,684
X-15 Other assetsStart of year $441,769$466,585
X-16 Total assetsStart of year $578,629$592,063
X-17 Accounts payable and accrued expensesStart of year $90,307$93,702
X-19 Deferred revenueStart of year $218$986
X-25 Other liabilitiesStart of year $52,450$24,550
X-26 Total liabilitiesStart of year $142,975$119,238
X-27 Net assets without donor restrictionsStart of year −$275,046−$237,875
X-28 Net assets with donor restrictionsStart of year $710,700$710,700
X-32 Total net assets or fund balancesStart of year $435,654$472,825
X-33 Total liabilities and net assetsStart of year $578,629$592,063
Part XI · Reconciliation of net assets $472,825 net assets at year end
XI-1 Total revenue$210,136
XI-2 Total expenses$172,965
XI-3 Revenue less expenses$37,171
XI-4 Net assets at start of year$435,654
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$472,825

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

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