philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Sky Development Corporation

Tax-deductible

Mobile, AL501(c)(3)Housing EIN 31-1653360Revenue $116K in FY2024

On file with the IRSvoase.org1204 Hillcrest Rd, 36695-3930 · Mobile, ALTax-exempt since Apr 2012Publicly supported — 509(a)(2)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To own and operate a 24-unit apartment project located in cullman, alabama that provides housing and supportive services to low-income elderly people.

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
0 of 5
filings with a surplus
Average deficit $38K a year · 41% 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: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$198K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$116K
+20% vs prior year
Spent
$160K
To programs
100%
Net assets
$534K
By yearFY2020–FY2024
Revenue
$116K
FY2024▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$85K
FY2021$84K
FY2022$87K
FY2023$97K
FY2024$116K
Expenses
$160K
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$115K
FY2021$116K
FY2022$127K
FY2023$142K
FY2024$160K
Net assets
$534K
FY2024▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$695K
FY2021$663K
FY2022$623K
FY2023$578K
FY2024$534K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Apr 2012.

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% · $160K

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

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Susan Knight
Director
$0Pt VII · Sec A
Ken Cumbie
Secretary/Treasurer
$0Pt VII · Sec A
Lee Metzger
Director
$0Pt VII · Sec A
Robert Rogers
President
$0Pt VII · Sec A
See Sky Development Corporation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 housing and support to low-income seniors in Cullman, Alabama.

Questions for Sky Development Corporation

Tap to ask. Sky Development Corporation sees how many people are interested.

Your first name shows with your question. Sky Development Corporation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $160K · in their own filed words · FY2024
01

To own and operate a 24-UNIT apartment project located in cullman, alabama that provides housing and supportive services to low-income elderly people.

$160Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$116K
Ln 12
Fees for servicesLn 2g$114K
Other incomeLn 4–11$2K
Investment incomeLn 3$926
Money outPt IX
$160K
Ln 25
Programscol B$160K
Owns and owesPt X
$534K
net assets · Ln 32
Cash and savingsLn 1–2$313
Total assetsLn 16$732K
LiabilitiesLn 26$198K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$114K
Investment incomeLn 3$926
Other incomeLn 4–11$2K
Total revenueLn 12$116K
Assets in detailPt X, end of year
CashLn 1$313
Cash and savings togetherLn 1–2$313
Land, buildings, equipmentLn 10c$622K
Other assetsLn 15$95K
Total assetsLn 16$732K
LiabilitiesLn 26$198K
Net assetsLn 32$534K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3K$313
Land, buildings, equipmentLn 10c$619K$622K
Total assetsLn 16$718K$732K
LiabilitiesLn 26$141K$198K
Net assetsLn 32$578K$534K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$10K$10K
Payroll taxesLn 10$750$750
Management feesLn 11a$18K$18K
Accounting feesLn 11c$8K$8K
Office expensesLn 13$6K$6K
OccupancyLn 16$52K$52K
Conferences, conventions and meetingsLn 19$655$655
Depreciation, depletion and amortizationLn 22$41K$41K
InsuranceLn 23$22K$22K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$160K$160K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $116K$160K−$44K$534K 990 PDF
FY2023 $97K$142K−$45K$578K 990 PDF
FY2022 $87K$127K−$40K$623K 990 PDF
FY2021 $84K$116K−$32K$663K 990 PDF
FY2020 $85K$115K−$30K$695K 990 PDF

More to add? Claim this org

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 $116,402 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $96,454$113,882
I-10 Investment incomePrior year $7$926
I-11 Other revenuePrior year $522$1,594
I-12 Total revenuePrior year $96,983$116,402
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 $11,589$10,686
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $130,832$149,378
I-18 Total expensesPrior year $142,421$160,064
I-19 Revenue less expensesPrior year −$45,438−$43,662
Part VI · Governance 7 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-14 Document retention and destruction 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-13 Written whistleblower policyYes
Part VIII · Statement of revenue $116,402 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $113,882$113,882
VIII-3 Investment incomeExcluded from tax $926$926
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,594$1,594
VIII-12 Total revenueRelated to mission $115,476 · Unrelated business $0 · Excluded from tax $926$116,402
Part IX · Statement of functional expenses $160,064 across 10 lines filed
IX-7 Other salaries and wagesPrograms $9,936$9,936
IX-10 Payroll taxesPrograms $750$750
IX-11a Management feesPrograms $18,095$18,095
IX-11c Accounting feesPrograms $8,320$8,320
IX-13 Office expensesPrograms $6,155$6,155
IX-16 OccupancyPrograms $51,957$51,957
IX-19 Conferences, conventions and meetingsPrograms $655$655
IX-22 Depreciation, depletion and amortizationPrograms $41,135$41,135
IX-23 InsurancePrograms $21,541$21,541
IX-24 Other expenses (24a–d)Programs $1,520$1,520
IX-25 Total functional expensesPrograms $160,064 · Management $0 · Fundraising $0$160,064
Part X · Balance sheet $732,070 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,902$313
X-4 Accounts receivableStart of year $1,222$2,077
X-9 Prepaid expenses and deferred chargesStart of year $8,897$13,041
X-10c Land, buildings and equipment, netStart of year $619,143$621,931
X-15 Other assetsStart of year $85,983$94,708
X-16 Total assetsStart of year $718,147$732,070
X-17 Accounts payable and accrued expensesStart of year $139,759$197,627
X-19 Deferred revenueStart of year $803$520
X-26 Total liabilitiesStart of year $140,562$198,147
X-27 Net assets without donor restrictionsStart of year $577,585$533,923
X-32 Total net assets or fund balancesStart of year $577,585$533,923
X-33 Total liabilities and net assetsStart of year $718,147$732,070
Part XI · Reconciliation of net assets $533,923 net assets at year end
XI-1 Total revenue$116,402
XI-2 Total expenses$160,064
XI-3 Revenue less expenses−$43,662
XI-4 Net assets at start of year$577,585
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$533,923

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.