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Isho III INC

Tax-deductible

Troy, MI501(c)(3) EIN 32-0379337Revenue $140K in FY2024Latest return filed Sep 22, 2025

On file with the IRSTroy, MITax-exempt since Jun 2012Publicly supported charity — 170(b)(1)(A)(vi)

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To provide low income housing to individuals with disabilities.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 32-0379337) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 17 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $59K a year · 50% of revenue · last 5 filings
A surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
81% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
5.4 mo
of spending, in cash
5.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.5M
132% of total assets
Liabilities are 132% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$140K
+33% vs prior year
Spent
$183K
To programs
81%
Net assets
−$617K
By yearFY2020–FY2024
Revenue
$140K
FY2024▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2020$118K
FY2021$117K
FY2022$108K
FY2023$106K
FY2024$140K
Expenses
$183K
FY2024-0.1%
Tap a bar for its year
Expenses by fiscal year
FY2020$165K
FY2021$175K
FY2022$178K
FY2023$183K
FY2024$183K
Net assets
−$617K
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020−$369K
FY2021−$427K
FY2022−$496K
FY2023−$574K
FY2024−$617K

From the FY2024 Form 990 · see the original

Give Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2012.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $149K Management & general 19% · $34K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

16 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
$0Pt VII · Sec A
Janet Owens
Director
$0Pt VII · Sec A
Makisha Reed
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Isho III INC executive salaries →

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 people with disabilities.

Questions for Isho III INC

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1 program · $149K · in their own filed words · FY2024
01

To provide low income housing to individuals with disabilities. Isho III, INC. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of michigan.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 32-0379337) · Dispute this line
$149Kprogram expense

Funders

Who pays for it.

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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2025 · $2.6M federal money spent
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$2.6M

The auditor reported no findings.

Year ending Dec 2024 · $2.6M federal money spent
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$2.6M

The auditor reported no findings.

Year ending Dec 2023 · $2.6M federal money spent
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$2.6M

The auditor reported 2 findings: questioned costs.

Year ending Dec 2022 · $2.6M federal money spent
Supportive Housing for Persons with Disabilities-Balance of Capital Advance as of January 1, 2022, Under Section 811 of the National Housing ActDepartment of Housing and Urban Development · ALN 14.181 · Direct$2.6M

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$140K
Ln 12
Gifts and grantsLn 1h$73K
Fees for servicesLn 2g$65K
Investment incomeLn 3$2K
Money outPt IX
$183K
Ln 25
Programscol B$149K
Managementcol C$34K
Owns and owesPt X
−$617K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$1.9M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$73K
Government grantsLn 1e$73K
Fees for servicesLn 2g$65K
Investment incomeLn 3$2K
Total revenueLn 12$140K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$80K
Cash and savings togetherLn 1–2$82K
Accounts receivableLn 4$13K
Prepaid expenses and deferred chargesLn 9$16K
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$1.9M
LiabilitiesLn 26$2.5M
Net assetsLn 32−$617K
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
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$76K$82K
Land, buildings, equipmentLn 10c$1.9M$1.8M
Total assetsLn 16$2.0M$1.9M
LiabilitiesLn 26$2.6M$2.5M
Net assetsLn 32−$574K−$617K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$10K$10K
Accounting feesLn 11c$9K$9K
Office expensesLn 13$2K$90$2K
OccupancyLn 16$90K$90K
Depreciation, depletion and amortizationLn 22$59K$59K
Other expenses (24a–d)Ln 24$14K$14K
Total functional expensesLn 25$183K$149K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 22, 2025 $140K$183K−$43K−$617K 990 PDF
FY2023Filed with the IRS Aug 16, 2024 $106K$183K−$78K−$574K 990 PDF
FY2022Filed with the IRS Oct 19, 2023 $108K$178K−$70K−$496K 990 PDF
FY2021Filed with the IRS Sep 28, 2022 $117K$175K−$58K−$427K 990 PDF
FY2020Filed with the IRS Aug 20, 2021 $118K$165K−$47K−$369K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $140,203 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $52,970$72,946
I-9 Program service revenuePrior year $49,691$65,452
I-10 Investment incomePrior year $2,874$1,805
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $105,535$140,203
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 $183,161$182,956
I-18 Total expensesPrior year $183,161$182,956
I-19 Revenue less expensesPrior year −$77,626−$42,753
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $140,203 across 5 lines filed
VIII-1e Government grants$72,946
VIII-1h Total contributions, gifts and grants$72,946
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $65,452$65,452
VIII-3 Investment incomeExcluded from tax $1,805$1,805
VIII-12 Total revenueRelated to mission $65,452 · Unrelated business $0 · Excluded from tax $1,805$140,203
Part IX · Statement of functional expenses $182,956 across 6 lines filed
IX-11a Management feesManagement $9,529$9,529
IX-11c Accounting feesManagement $8,530$8,530
IX-13 Office expensesPrograms $90 · Management $1,601$1,691
IX-16 OccupancyPrograms $90,101$90,101
IX-22 Depreciation, depletion and amortizationPrograms $58,747$58,747
IX-24 Other expenses (24a–d)Management $14,358$14,358
IX-25 Total functional expensesPrograms $148,938 · Management $34,018 · Fundraising $0$182,956
Part X · Balance sheet $1,932,962 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $11,949$1,889
X-2 Savings and temporary cash investmentsStart of year $64,305$80,246
X-4 Accounts receivableStart of year $14,269$12,996
X-9 Prepaid expenses and deferred chargesStart of year $12,604$15,646
X-10c Land, buildings and equipment, netStart of year $1,875,088$1,822,185
X-16 Total assetsStart of year $1,978,215$1,932,962
X-17 Accounts payable and accrued expensesStart of year $11,455$10,044
X-23 Secured mortgages and notes payableStart of year $2,534,900$2,534,900
X-25 Other liabilitiesStart of year $5,783$4,694
X-26 Total liabilitiesStart of year $2,552,138$2,549,638
X-27 Net assets without donor restrictionsStart of year −$573,923−$616,676
X-32 Total net assets or fund balancesStart of year −$573,923−$616,676
X-33 Total liabilities and net assetsStart of year $1,978,215$1,932,962
Part XI · Reconciliation of net assets −$616,676 net assets at year end
XI-1 Total revenue$140,203
XI-2 Total expenses$182,956
XI-3 Revenue less expenses−$42,753
XI-4 Net assets at start of year−$573,923
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$616,676

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

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