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Cambridge Homes for Elderly INC

Tax-deductible

Morristown, TN501(c)(3)Since 1999HousingEIN 31-1632274Revenue $69K in FY2025

On file with the IRSPo Box 1218, 37816-1218 · Morristown, TNTax-exempt since Mar 1999Publicly supported — 509(a)(2)

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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 6
filings with a surplus
Average deficit $11K a year · 16% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 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
$648K
185% of total assets
Concern: liabilities are 185% 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
$69K
-0.2% vs prior year
Spent
$87K
To programs
100%
Net assets
−$297K
By yearFY2020–FY2025
Revenue
$69K
FY2025-0.2%
Tap a bar for its year
Revenue by fiscal year
FY2020$64K
FY2021$68K
FY2022$67K
FY2023$69K
FY2024$69K
FY2025$69K
Expenses
$87K
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$70K
FY2021$72K
FY2022$83K
FY2023$77K
FY2024$83K
FY2025$87K
Net assets
−$297K
FY2025▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020−$238K
FY2021−$242K
FY2022−$257K
FY2023−$266K
FY2024−$280K
FY2025−$297K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1999.

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% · $87K

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
Kay Hale
President
$0Pt VII · Sec A
Joe Benthal
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Jack Yates
Vice-President
$0Pt VII · Sec A
Bill Mitrik
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Will Sliger
Director
$0Pt VII · Sec A
See Cambridge 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 seniors and people with disabilities.

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Provided by the organization

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1 program · $87K · in their own filed words · FY2025
01

Provided housing for low-income elderly or 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.

$87Kprogram 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.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$69K
Ln 12
Fees for servicesLn 2g$52K
Gifts and grantsLn 1h$17K
Investment incomeLn 3$848
Money outPt IX
$87K
Ln 25
Programscol B$87K
Owns and owesPt X
−$297K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$351K
LiabilitiesLn 26$648K
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$17K
Government grantsLn 1e$17K
Fees for servicesLn 2g$52K
Investment incomeLn 3$848
Total revenueLn 12$69K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$281K
Other assetsLn 15$66K
Total assetsLn 16$351K
LiabilitiesLn 26$648K
Net assetsLn 32−$297K
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$8K$3K
Land, buildings, equipmentLn 10c$302K$281K
Total assetsLn 16$371K$351K
LiabilitiesLn 26$651K$648K
Net assetsLn 32−$280K−$297K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$15K$15K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$4K$4K
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$38K$38K
Total functional expensesLn 25$87K$87K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $69K$87K−$18K−$297K 990 PDF
FY2024 $69K$83K−$14K−$280K 990 PDF
FY2023 $69K$77K−$9K−$266K 990 PDF
FY2022 $67K$83K−$16K−$257K 990 PDF
FY2021 $68K$72K−$4K−$242K 990 PDF
FY2020 $64K$70K−$6K−$238K 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 $69,347 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,108$16,535
I-9 Program service revenuePrior year $53,172$51,964
I-10 Investment incomePrior year $180$848
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $69,460$69,347
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 $82,970$87,004
I-18 Total expensesPrior year $82,970$87,004
I-19 Revenue less expensesPrior year −$13,510−$17,657
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 $69,347 across 5 lines filed
VIII-1e Government grants$16,535
VIII-1h Total contributions, gifts and grants$16,535
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $51,964$51,964
VIII-3 Investment incomeExcluded from tax $848$848
VIII-12 Total revenueRelated to mission $51,964 · Unrelated business $0 · Excluded from tax $848$69,347
Part IX · Statement of functional expenses $87,004 across 7 lines filed
IX-11a Management feesPrograms $15,372$15,372
IX-11c Accounting feesPrograms $2,931$2,931
IX-11g Other fees for servicesPrograms $1,205$1,205
IX-13 Office expensesPrograms $4,077$4,077
IX-22 Depreciation, depletion and amortizationPrograms $21,153$21,153
IX-23 InsurancePrograms $3,949$3,949
IX-24 Other expenses (24a–d)Programs $38,317$38,317
IX-25 Total functional expensesPrograms $87,004 · Management $0 · Fundraising $0$87,004
Part X · Balance sheet $351,118 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $7,555$2,837
X-9 Prepaid expenses and deferred chargesStart of year $1,609$1,609
X-10c Land, buildings and equipment, netStart of year $302,131$280,978
X-15 Other assetsStart of year $60,060$65,694
X-16 Total assetsStart of year $371,355$351,118
X-17 Accounts payable and accrued expensesStart of year $7,973$5,644
X-25 Other liabilitiesStart of year $3,451$3,200
X-26 Total liabilitiesStart of year $650,924$648,344
X-27 Net assets without donor restrictionsStart of year −$279,569−$297,226
X-32 Total net assets or fund balancesStart of year −$279,569−$297,226
X-33 Total liabilities and net assetsStart of year $371,355$351,118
Part XI · Reconciliation of net assets −$297,226 net assets at year end
XI-1 Total revenue$69,347
XI-2 Total expenses$87,004
XI-3 Revenue less expenses−$17,657
XI-4 Net assets at start of year−$279,569
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$297,226

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

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