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Isho III INC FY2021 filing

Tax-deductible

Troy, MI501(c)(3) EIN 32-0379337Revenue $117K in FY2021Latest 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, FY2021. 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.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
89%
of spending
89% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
7.8 mo
of spending, in cash
7.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.5M
120% of total assets
Liabilities are 120% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 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
$117K
-0.6% vs prior year
Spent
$175K
To programs
89%
Net assets
−$427K
By yearFY2020–FY2024
Revenue
$117K
FY2021▼ -0.6%
Tap a bar for its year
Revenue by fiscal year
FY2020$118K
FY2021$117K
FY2022$108K
FY2023$106K
FY2024$140K
Expenses
$175K
FY2021▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$165K
FY2021$175K
FY2022$178K
FY2023$183K
FY2024$183K
Net assets
−$427K
FY2021▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020−$369K
FY2021−$427K
FY2022−$496K
FY2023−$574K
FY2024−$617K

From the FY2021 Form 990 · see the original

990 PDF Support Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

89 cents of each dollar spent went to programs.

Program services 89% · $157K Management & general 11% · $18K

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

21 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Elmer Cerano
Director
$0Pt VII · Sec A
Paul Landry
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kiesha Jones
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 2Yes
  • 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 · $157K · in their own filed words · FY2021
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, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 32-0379337) · Dispute this line
$157Kprogram 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$117K
Ln 12
Gifts and grantsLn 1h$63K
Fees for servicesLn 2g$54K
Investment incomeLn 3$15
Money outPt IX
$175K
Ln 25
Programscol B$157K
Managementcol C$18K
Owns and owesPt X
−$427K
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$2.1M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$63K
Government grantsLn 1e$63K
Fees for servicesLn 2g$54K
Investment incomeLn 3$15
Total revenueLn 12$117K
Assets in detailPt X, end of year
CashLn 1$779
SavingsLn 2$113K
Cash and savings togetherLn 1–2$113K
Accounts receivableLn 4$1K
Prepaid expenses and deferred chargesLn 9$11K
Land, buildings, equipmentLn 10c$2.0M
Total assetsLn 16$2.1M
LiabilitiesLn 26$2.5M
Net assetsLn 32−$427K
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 FY21End FY21
Cash and savingsLn 1–2$118K$113K
Land, buildings, equipmentLn 10c$2.1M$2.0M
Total assetsLn 16$2.2M$2.1M
LiabilitiesLn 26$2.6M$2.5M
Net assetsLn 32−$369K−$427K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$9K$9K
Accounting feesLn 11c$8K$8K
Office expensesLn 13$1K$1K
OccupancyLn 16$84K$84K
Depreciation, depletion and amortizationLn 22$58K$58K
Other expenses (24a–d)Ln 24$14K$14K
Total functional expensesLn 25$175K$157K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2021 ViewingFiled 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 FY2021 990
Part I · Summary $117,265 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $64,128$62,960
I-9 Program service revenuePrior year $53,658$54,290
I-10 Investment incomePrior year $155$15
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $117,941$117,265
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 $165,085$174,952
I-18 Total expensesPrior year $165,085$174,952
I-19 Revenue less expensesPrior year −$47,144−$57,687
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $117,265 across 5 lines filed
VIII-1e Government grants$62,960
VIII-1h Total contributions, gifts and grants$62,960
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $54,290$54,290
VIII-3 Investment incomeExcluded from tax $15$15
VIII-12 Total revenueRelated to mission $54,290 · Unrelated business $0 · Excluded from tax $15$117,265
Part IX · Statement of functional expenses $174,952 across 6 lines filed
IX-11a Management feesManagement $9,027$9,027
IX-11c Accounting feesManagement $7,965$7,965
IX-13 Office expensesManagement $1,454$1,454
IX-16 OccupancyPrograms $83,982$83,982
IX-22 Depreciation, depletion and amortizationPrograms $58,390$58,390
IX-24 Other expenses (24a–d)Programs $14,134$14,134
IX-25 Total functional expensesPrograms $156,506 · Management $18,446 · Fundraising $0$174,952
Part X · Balance sheet $2,117,876 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $6,109$779
X-2 Savings and temporary cash investmentsStart of year $111,428$112,653
X-4 Accounts receivableStart of year $1,793$1,137
X-9 Prepaid expenses and deferred chargesStart of year $11,799$11,440
X-10c Land, buildings and equipment, netStart of year $2,050,257$1,991,867
X-16 Total assetsStart of year $2,181,386$2,117,876
X-17 Accounts payable and accrued expensesStart of year $11,873$6,049
X-23 Secured mortgages and notes payableStart of year $2,534,900$2,534,900
X-25 Other liabilitiesStart of year $3,656$3,657
X-26 Total liabilitiesStart of year $2,550,429$2,544,606
X-27 Net assets without donor restrictionsStart of year −$369,043−$426,730
X-32 Total net assets or fund balancesStart of year −$369,043−$426,730
X-33 Total liabilities and net assetsStart of year $2,181,386$2,117,876
Part XI · Reconciliation of net assets −$426,730 net assets at year end
XI-1 Total revenue$117,265
XI-2 Total expenses$174,952
XI-3 Revenue less expenses−$57,687
XI-4 Net assets at start of year−$369,043
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$426,730

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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