Appalachian Homes for Elderly INC

Tax-deductible

Morristown, TN501(c)(3)Since 1997HousingEIN 31-1580486Revenue $191K in FY2025

On file with the IRSPo Box 1218, 37816-1218 · Morristown, TNTax-exempt since Jan 1998Publicly supported charity — 170(b)(1)(A)(vi)

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To provide housing for low-income Elderly or handicapped tenants under section 202 of the national housing act.

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 $54K a year · 32% 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
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.1M
204% of total assets
Concern: liabilities are 204% of assets; over 80%.
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
$191K
-0.4% vs prior year
Spent
$238K
To programs
100%
Net assets
−$1.1M
By yearFY2021–FY2025
Revenue
$191K
FY2025-0.4%
Tap a bar for its year
Revenue by fiscal year
FY2021$155K
FY2022$150K
FY2023$170K
FY2024$175K
FY2025$192K
FY2025$191K
Expenses
$238K
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021$209K
FY2022$211K
FY2023$234K
FY2024$232K
FY2025$226K
FY2025$238K
Net assets
−$1.1M
FY2025▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2021−$807K
FY2022−$867K
FY2023−$931K
FY2024−$989K
FY2025−$1.0M
FY2025−$1.1M

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1998.

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% · $238K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Appalachian 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

Provides affordable housing for elderly and disabled individuals.

Provided by the organization

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1 program · $238K · in their own filed words · FY2025
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. 38 rental units in complex.

$238Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$191K
Ln 12
Fees for servicesLn 2g$180K
Gifts and grantsLn 1h$9K
Investment incomeLn 3$2K
Money outPt IX
$238K
Ln 25
Programscol B$238K
Owns and owesPt X
−$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$1.0M
LiabilitiesLn 26$2.1M
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$9K
Government grantsLn 1e$9K
Fees for servicesLn 2g$180K
Investment incomeLn 3$2K
Total revenueLn 12$191K
Assets in detailPt X, end of year
CashLn 1$9K
Cash and savings togetherLn 1–2$9K
Land, buildings, equipmentLn 10c$876K
Other assetsLn 15$140K
Total assetsLn 16$1.0M
LiabilitiesLn 26$2.1M
Net assetsLn 32−$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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$10K$9K
Land, buildings, equipmentLn 10c$932K$876K
Total assetsLn 16$1.1M$1.0M
LiabilitiesLn 26$2.1M$2.1M
Net assetsLn 32−$1.0M−$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$40K$40K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$7K$7K
Depreciation, depletion and amortizationLn 22$60K$60K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$117K$117K
Total functional expensesLn 25$238K$238K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $192K$226K−$34K−$1.0M 990 PDF
FY2024 $175K$232K−$57K−$989K 990 PDF
FY2023 $170K$234K−$64K−$931K 990 PDF
FY2022 $150K$211K−$60K−$867K 990 PDF
FY2021 $155K$209K−$53K−$807K 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 $191,292 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,775$9,260
I-9 Program service revenuePrior year $176,702$180,229
I-10 Investment incomePrior year $579$1,803
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $192,056$191,292
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 $226,378$237,921
I-18 Total expensesPrior year $226,378$237,921
I-19 Revenue less expensesPrior year −$34,322−$46,629
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $191,292 across 5 lines filed
VIII-1e Government grants$9,260
VIII-1h Total contributions, gifts and grants$9,260
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $180,229$180,229
VIII-3 Investment incomeExcluded from tax $1,803$1,803
VIII-12 Total revenueRelated to mission $180,229 · Unrelated business $0 · Excluded from tax $1,803$191,292
Part IX · Statement of functional expenses $237,921 across 6 lines filed
IX-11a Management feesPrograms $40,479$40,479
IX-11c Accounting feesPrograms $4,453$4,453
IX-13 Office expensesPrograms $6,881$6,881
IX-22 Depreciation, depletion and amortizationPrograms $60,399$60,399
IX-23 InsurancePrograms $8,275$8,275
IX-24 Other expenses (24a–d)Programs $117,434$117,434
IX-25 Total functional expensesPrograms $237,921 · Management $0 · Fundraising $0$237,921
Part X · Balance sheet $1,032,313 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $9,809$8,920
X-4 Accounts receivable$519
X-9 Prepaid expenses and deferred chargesStart of year $6,876$6,876
X-10c Land, buildings and equipment, netStart of year $931,659$876,160
X-15 Other assetsStart of year $129,504$139,838
X-16 Total assetsStart of year $1,077,848$1,032,313
X-17 Accounts payable and accrued expensesStart of year $23,971$24,715
X-25 Other liabilitiesStart of year $13,424$13,774
X-26 Total liabilitiesStart of year $2,100,695$2,101,789
X-27 Net assets without donor restrictionsStart of year −$1,022,847−$1,069,476
X-32 Total net assets or fund balancesStart of year −$1,022,847−$1,069,476
X-33 Total liabilities and net assetsStart of year $1,077,848$1,032,313
Part XI · Reconciliation of net assets −$1,069,476 net assets at year end
XI-1 Total revenue$191,292
XI-2 Total expenses$237,921
XI-3 Revenue less expenses−$46,629
XI-4 Net assets at start of year−$1,022,847
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,069,476

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

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