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

501(c)(3) charity; gifts are tax-deductible.
88¢ 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
1 of 5
filings with a surplus
Average deficit $12K a year · 10% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<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
$52K
19% of total assets
Looks good: liabilities are 19% 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
$142K
+29% vs prior year
Spent
$122K
To programs
88%
Net assets
$227K
By yearFY2020–FY2024
Revenue
$142K
FY2024▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020$114K
FY2021$98K
FY2022$108K
FY2023$110K
FY2024$142K
Expenses
$122K
FY2024▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$124K
FY2021$129K
FY2022$126K
FY2023$130K
FY2024$122K
Net assets
$227K
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$276K
FY2021$245K
FY2022$228K
FY2023$208K
FY2024$227K

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 Aug 1993.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $108K Management & general 12% · $14K

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 '92 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 accessible rental housing for low-income individuals with disabilities.

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Provided by the organization

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1 program · $108K · 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.

$108Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$142K
Ln 12
Gifts and grantsLn 1h$101K
Fees for servicesLn 2g$34K
Other incomeLn 4–11$3K
Money outPt IX
$122K
Ln 25
Programscol B$108K
Managementcol C$14K
Owns and owesPt X
$227K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$279K
LiabilitiesLn 26$52K
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$101K
Government grantsLn 1e$101K
Fees for servicesLn 2g$34K
Investment incomeLn 3$3K
Other incomeLn 4–11$3K
Total revenueLn 12$142K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
Land, buildings, equipmentLn 10c$89K
Other assetsLn 15$184K
Total assetsLn 16$279K
LiabilitiesLn 26$52K
Net assetsLn 32$227K
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$598$5K
Land, buildings, equipmentLn 10c$101K$89K
Total assetsLn 16$266K$279K
LiabilitiesLn 26$58K$52K
Net assetsLn 32$208K$227K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$6K$6K
Legal feesLn 11b$192$192
Office expensesLn 13$1K$1K
OccupancyLn 16$32K$32K
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$67K$59K$8K
Total functional expensesLn 25$122K$108K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $142K$122K$19K$227K 990 PDF
FY2023 $110K$130K−$20K$208K 990 PDF
FY2022 $108K$126K−$17K$228K 990 PDF
FY2021 $98K$129K−$31K$245K 990 PDF
FY2020 $114K$124K−$10K$276K 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 $141,557 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $70,925$100,658
I-9 Program service revenuePrior year $35,203$34,035
I-10 Investment incomePrior year $2,973$3,425
I-11 Other revenuePrior year $914$3,439
I-12 Total revenuePrior year $110,015$141,557
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 $129,828$122,427
I-18 Total expensesPrior year $129,828$122,427
I-19 Revenue less expensesPrior year −$19,813$19,130
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 $141,557 across 6 lines filed
VIII-1e Government grants$100,658
VIII-1h Total contributions, gifts and grants$100,658
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $34,035$34,035
VIII-3 Investment incomeExcluded from tax $3,425$3,425
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,439$3,439
VIII-12 Total revenueRelated to mission $37,474 · Unrelated business $0 · Excluded from tax $3,425$141,557
Part IX · Statement of functional expenses $122,427 across 7 lines filed
IX-11a Management feesManagement $5,984$5,984
IX-11b Legal feesPrograms $192$192
IX-13 Office expensesPrograms $1,186$1,186
IX-16 OccupancyPrograms $32,112$32,112
IX-22 Depreciation, depletion and amortizationPrograms $11,689$11,689
IX-23 InsurancePrograms $4,279$4,279
IX-24 Other expenses (24a–d)Programs $58,528 · Management $8,457$66,985
IX-25 Total functional expensesPrograms $107,986 · Management $14,441 · Fundraising $0$122,427
Part X · Balance sheet $278,801 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $598$5,494
X-4 Accounts receivableStart of year $564$120
X-10c Land, buildings and equipment, netStart of year $100,876$89,187
X-15 Other assetsStart of year $163,678$184,000
X-16 Total assetsStart of year $265,716$278,801
X-17 Accounts payable and accrued expensesStart of year $49,601$48,608
X-19 Deferred revenueStart of year $3,198$759
X-25 Other liabilitiesStart of year $5,143$2,530
X-26 Total liabilitiesStart of year $57,942$51,897
X-27 Net assets without donor restrictionsStart of year −$537,226−$518,096
X-28 Net assets with donor restrictionsStart of year $745,000$745,000
X-32 Total net assets or fund balancesStart of year $207,774$226,904
X-33 Total liabilities and net assetsStart of year $265,716$278,801
Part XI · Reconciliation of net assets $226,904 net assets at year end
XI-1 Total revenue$141,557
XI-2 Total expenses$122,427
XI-3 Revenue less expenses$19,130
XI-4 Net assets at start of year$207,774
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$226,904

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

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