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Five Rivers Homes INC FY2024 filing

Tax-deductible

Elkton, MD501(c)(3)Since 2005Human Services EIN 33-1114602Revenue $62K in FY2024

On file with the IRS200 Booth St, 21921-5657 · Elkton, MDTax-exempt since Oct 2005Publicly supported charity — 170(b)(1)(A)(vi)

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To provide chronic mentally disabled persons with housing facilities and services specially designed to meet their physical, social, and psychological needs, and to promote their health, security, happiness and usefulness in long living. The organization has entered into a project rental assistance contract under section 811 of the national housing act, whereby IT will receive monthly rent supplements directly from the u.s. Department of housing and urban development (hud) for qualified tenants.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
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 $13K a year · 21% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$604K
121% of total assets
Concern: liabilities are 121% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$62K
-0.9% vs prior year
Spent
$78K
To programs
65%
Net assets
−$104K
By yearFY2020–FY2025
Revenue
$62K
FY2024▼ -0.9%
Tap a bar for its year
Revenue by fiscal year
FY2020$61K
FY2021$62K
FY2022$62K
FY2023$62K
FY2024$62K
FY2025$74K
Expenses
$78K
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$68K
FY2021$69K
FY2022$70K
FY2023$72K
FY2024$78K
FY2025$105K
Net assets
−$104K
FY2024▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020−$61K
FY2021−$69K
FY2022−$77K
FY2023−$87K
FY2024−$104K
FY2025−$134K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2005.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $51K Management & general 35% · $28K

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

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Deborah Parker
Board Member
$0Pt VII · Sec A
Suanne Blumberg
Chief Executive Officer
$0Pt VII · Sec A
Devon Vannoy
Board Secretary
$0Pt VII · Sec A
Richard H Bayer PHD
President & Treasurer
$0Pt VII · Sec A
Patricia Folk
Board Member
$0Pt VII · Sec A
Katherine Dannenfelser
Director of Finance (beginning October 2023)
$0Pt VII · Sec A
Keith Wilson
Director of Finance (through 4/2023)
$0Pt VII · Sec A
Tyler Home
Director of Finance (5/2023 Through 6/2023)
$0Pt VII · Sec A
See Five Rivers Homes 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

Offers affordable housing to individuals with chronic mental disabilities.

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Provided by the organization

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1 program · $51K · in their own filed words · FY2023
01

Provided and maintained eight units of living accomodations for mentally disabled persons.

$51Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$62K
Ln 12
Gifts and grantsLn 1h$34K
Fees for servicesLn 2g$28K
Investment incomeLn 3$17
Money outPt IX
$78K
Ln 25
Programscol B$51K
Managementcol C$28K
Owns and owesPt X
−$104K
net assets · Ln 32
Cash and savingsLn 1–2$43K
Total assetsLn 16$500K
LiabilitiesLn 26$604K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$34K
Government grantsLn 1e$34K
Fees for servicesLn 2g$28K
Investment incomeLn 3$17
Total revenueLn 12$62K
Assets in detailPt X, end of year
CashLn 1$43K
Cash and savings togetherLn 1–2$43K
Land, buildings, equipmentLn 10c$416K
Other assetsLn 15$29K
Total assetsLn 16$500K
LiabilitiesLn 26$604K
Net assetsLn 32−$104K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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$37K$43K
Land, buildings, equipmentLn 10c$434K$416K
Total assetsLn 16$505K$500K
LiabilitiesLn 26$592K$604K
Net assetsLn 32−$87K−$104K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$6K$6K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$8K$4K$4K
Office expensesLn 13$900$900
OccupancyLn 16$14K$14K
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$9K$9K
Total functional expensesLn 25$78K$51K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $74K$105K−$30K−$134K 990 PDF
FY2024 Viewing $62K$78K−$17K−$104K 990 PDF
FY2023 $62K$72K−$10K−$87K 990 PDF
FY2022 $62K$70K−$9K−$77K 990 PDF
FY2021 $62K$69K−$8K−$69K 990 PDF
FY2020 $61K$68K−$8K−$61K 990 PDF

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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 $61,601 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,232$33,506
I-9 Program service revenuePrior year $26,352$28,078
I-10 Investment incomePrior year $15$17
I-11 Other revenuePrior year $585$0
I-12 Total revenuePrior year $62,184$61,601
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 $71,737$78,491
I-18 Total expensesPrior year $71,737$78,491
I-19 Revenue less expensesPrior year −$9,553−$16,890
Part VI · Governance 2 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
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 $61,601 across 5 lines filed
VIII-1e Government grants$33,506
VIII-1h Total contributions, gifts and grants$33,506
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,078$28,078
VIII-3 Investment incomeExcluded from tax $17$17
VIII-12 Total revenueRelated to mission $28,078 · Unrelated business $0 · Excluded from tax $17$61,601
Part IX · Statement of functional expenses $78,491 across 8 lines filed
IX-11a Management feesManagement $6,444$6,444
IX-11c Accounting feesManagement $16,070$16,070
IX-11g Other fees for servicesPrograms $3,530 · Management $4,258$7,788
IX-13 Office expensesManagement $900$900
IX-16 OccupancyPrograms $13,594$13,594
IX-22 Depreciation, depletion and amortizationPrograms $18,072$18,072
IX-23 InsurancePrograms $6,438$6,438
IX-24 Other expenses (24a–d)Programs $9,185$9,185
IX-25 Total functional expensesPrograms $50,819 · Management $27,672 · Fundraising $0$78,491
Part X · Balance sheet $499,957 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $36,966$42,824
X-4 Accounts receivableStart of year $7,655$12,331
X-10c Land, buildings and equipment, netStart of year $434,153$416,081
X-15 Other assetsStart of year $26,062$28,721
X-16 Total assetsStart of year $504,836$499,957
X-17 Accounts payable and accrued expensesStart of year $35,581$47,592
X-25 Other liabilitiesStart of year $555,979$555,979
X-26 Total liabilitiesStart of year $591,560$603,571
X-27 Net assets without donor restrictionsStart of year −$86,724−$103,614
X-32 Total net assets or fund balancesStart of year −$86,724−$103,614
X-33 Total liabilities and net assetsStart of year $504,836$499,957
Part XI · Reconciliation of net assets −$103,614 net assets at year end
XI-1 Total revenue$61,601
XI-2 Total expenses$78,491
XI-3 Revenue less expenses−$16,890
XI-4 Net assets at start of year−$86,724
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$103,614

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

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