Mountainview Homes for Elderly INC

Tax-deductible

Morristown, TN501(c)(3)HousingEIN 31-1486904Revenue $108K in FY2025

On file with the IRSPo Box 1218, 37816-1218 · Morristown, TNTax-exempt since Feb 1997Publicly supported — 509(a)(2)

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Housing for low-income Elderly

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
0 of 5
filings with a surplus
Average deficit $15K a year · 15% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% 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: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$881K
219% of total assets
Concern: liabilities are 219% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$108K
+18% vs prior year
Spent
$121K
To programs
100%
Net assets
−$478K
By yearFY2021–FY2025
Revenue
$108K
FY2025▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2021$98K
FY2022$100K
FY2023$94K
FY2024$91K
FY2025$108K
Expenses
$121K
FY2025▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021$112K
FY2022$110K
FY2023$115K
FY2024$107K
FY2025$121K
Net assets
−$478K
FY2025▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2021−$417K
FY2022−$428K
FY2023−$449K
FY2024−$465K
FY2025−$478K

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1997.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $121K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mountainview Homes for Elderly 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

Mountainview Homes for Elderly INC is a housing nonprofit based in Morristown, TN.

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Provided by the organization

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1 program · $121K · in their own filed words · FY2024
01

Provided housing for low-income elderly and handicapped tenants under section 202 of the national housing act; regulated by hud as to rent charges and operating methods. 11 rental units in complex

$121Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$108K
Ln 12
Fees for servicesLn 2g$73K
Gifts and grantsLn 1h$34K
Investment incomeLn 3$524
Money outPt IX
$121K
Ln 25
Programscol B$121K
Owns and owesPt X
−$478K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$403K
LiabilitiesLn 26$881K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$34K
Government grantsLn 1e$34K
Fees for servicesLn 2g$73K
Investment incomeLn 3$524
Total revenueLn 12$108K
Assets in detailPt X, end of year
CashLn 1$6K
Cash and savings togetherLn 1–2$6K
Land, buildings, equipmentLn 10c$313K
Other assetsLn 15$79K
Total assetsLn 16$403K
LiabilitiesLn 26$881K
Net assetsLn 32−$478K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$7K$6K
Land, buildings, equipmentLn 10c$333K$313K
Total assetsLn 16$411K$403K
LiabilitiesLn 26$876K$881K
Net assetsLn 32−$465K−$478K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$28K$28K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$5K$5K
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$57K$57K
Total functional expensesLn 25$121K$121K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $108K$121K−$13K−$478K 990 PDF
FY2024 $91K$107K−$16K−$465K 990 PDF
FY2023 $94K$115K−$21K−$449K 990 PDF
FY2022 $100K$110K−$10K−$428K 990 PDF
FY2021 $98K$112K−$14K−$417K 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 FY2025 990 (6 parts)
Part I · Summary $107,932 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $31,024$34,466
I-9 Program service revenuePrior year $60,171$72,942
I-10 Investment incomePrior year $6$524
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $91,201$107,932
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 $107,435$121,395
I-18 Total expensesPrior year $107,435$121,395
I-19 Revenue less expensesPrior year −$16,234−$13,463
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $107,932 across 5 lines filed
VIII-1e Government grants$34,466
VIII-1h Total contributions, gifts and grants$34,466
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $72,942$72,942
VIII-3 Investment incomeExcluded from tax $524$524
VIII-12 Total revenueRelated to mission $72,942 · Unrelated business $0 · Excluded from tax $524$107,932
Part IX · Statement of functional expenses $121,395 across 7 lines filed
IX-11a Management feesPrograms $27,916$27,916
IX-11c Accounting feesPrograms $3,461$3,461
IX-11g Other fees for servicesPrograms $1,028$1,028
IX-13 Office expensesPrograms $4,761$4,761
IX-22 Depreciation, depletion and amortizationPrograms $22,194$22,194
IX-23 InsurancePrograms $5,436$5,436
IX-24 Other expenses (24a–d)Programs $56,599$56,599
IX-25 Total functional expensesPrograms $121,395 · Management $0 · Fundraising $0$121,395
Part X · Balance sheet $403,023 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $7,390$6,337
X-4 Accounts receivable$1,464
X-9 Prepaid expenses and deferred chargesStart of year $2,905$3,097
X-10c Land, buildings and equipment, netStart of year $332,716$312,807
X-15 Other assetsStart of year $68,477$79,318
X-16 Total assetsStart of year $411,488$403,023
X-17 Accounts payable and accrued expensesStart of year $10,653$16,367
X-19 Deferred revenueStart of year $1,045$0
X-25 Other liabilitiesStart of year $6,281$6,610
X-26 Total liabilitiesStart of year $876,479$881,477
X-27 Net assets without donor restrictionsStart of year −$464,991−$478,454
X-32 Total net assets or fund balancesStart of year −$464,991−$478,454
X-33 Total liabilities and net assetsStart of year $411,488$403,023
Part XI · Reconciliation of net assets −$478,454 net assets at year end
XI-1 Total revenue$107,932
XI-2 Total expenses$121,395
XI-3 Revenue less expenses−$13,463
XI-4 Net assets at start of year−$464,991
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$478,454

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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