To provide housing and related facilities and services for elderly and low income families and persons on a non-profit basis.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$66K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
2 of 6
filings with a surplus
Average deficit $7K a year · 2% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
47 mo
of spending, in cash
Looks good: 47.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$69K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$375K
+3% vs prior year
Spent
$354K
To programs
84%
Net assets
$1.9M
By yearFY2020–FY2025
Revenue
$375K
FY2023▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$353K
FY2021$420K
FY2022$364K
FY2023$375K
FY2024$391K
FY2025$407K
Expenses
$354K
FY2023▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$379K
FY2021$395K
FY2022$378K
FY2023$354K
FY2024$405K
FY2025$442K
Net assets
$1.9M
FY2023▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.0M
FY2022$1.9M
FY2023$1.9M
FY2024$2.0M
FY2025$1.9M

From the FY2023 Form 990 (year ending September 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 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 Feb 1985.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $298K Management & general 16% · $56K

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

6 people listed on the 990; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$66,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Gary Hagen’s $66K as Executive Director is at the 56th percentile of top reported officer pay among 851 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Gary Hagen$66,000$66,000$66,000$66,000$66,000$66,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Cedar Development 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 housing and services to elderly and low-income families.

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Provided by the organization

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1 program · $298K · in their own filed words · FY2022
01

To provide housing and related facilities and services for elderly and low income families and persons on a non-profit basis.

$298Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$375K
Ln 12
Fees for servicesLn 2g$341K
Investment incomeLn 3$23K
Gifts and grantsLn 1h$11K
Money outPt IX
$354K
Ln 25
Programscol B$298K
Managementcol C$56K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$2.0M
LiabilitiesLn 26$69K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11K
Government grantsLn 1e$11K
Fees for servicesLn 2g$341K
Investment incomeLn 3$23K
Total revenueLn 12$375K
Assets in detailPt X, end of year
CashLn 1$28K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$521K
Total assetsLn 16$2.0M
LiabilitiesLn 26$69K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.4M$1.4M
Land, buildings, equipmentLn 10c$544K$521K
Total assetsLn 16$2.0M$2.0M
LiabilitiesLn 26$70K$69K
Net assetsLn 32$1.9M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$66K$50K$16K
Other salaries and wagesLn 7$50K$33K$17K
Payroll taxesLn 10$10K$7K$2K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$13K$13K
Advertising and promotionLn 12$917$917
Office expensesLn 13$6K$6K
Depreciation, depletion and amortizationLn 22$37K$37K
InsuranceLn 23$22K$22K
Other expenses (24a–d)Ln 24$148K$148K
Total functional expensesLn 25$354K$298K$56K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $407K$442K−$35K$1.9M 990 PDF
FY2024 $391K$405K−$14K$2.0M 990 PDF
FY2023 Viewing $375K$354K$21K$1.9M 990 PDF
FY2022 $364K$378K−$13K$1.9M 990 PDF
FY2021 $420K$395K$26K$2.0M 990 PDF
FY2020 $353K$379K−$26K$2.0M 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 FY2023 990 (6 parts)
Part I · Summary $374,564 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,226$10,610
I-9 Program service revenuePrior year $338,037$341,034
I-10 Investment incomePrior year $17,992$22,920
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $364,255$374,564
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 $152,851$125,728
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $224,900$228,075
I-18 Total expensesPrior year $377,751$353,803
I-19 Revenue less expensesPrior year −$13,496$20,761
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
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
Part VIII · Statement of revenue $374,564 across 5 lines filed
VIII-1e Government grants$10,610
VIII-1h Total contributions, gifts and grants$10,610
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $341,034$341,034
VIII-3 Investment incomeExcluded from tax $22,920$22,920
VIII-12 Total revenueRelated to mission $341,034 · Unrelated business $0 · Excluded from tax $22,920$374,564
Part IX · Statement of functional expenses $353,803 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $49,500 · Management $16,500$66,000
IX-7 Other salaries and wagesPrograms $33,414 · Management $16,502$49,916
IX-10 Payroll taxesPrograms $7,359 · Management $2,453$9,812
IX-11b Legal feesManagement $2,278$2,278
IX-11c Accounting feesManagement $12,808$12,808
IX-12 Advertising and promotionPrograms $917$917
IX-13 Office expensesManagement $5,643$5,643
IX-22 Depreciation, depletion and amortizationPrograms $37,363$37,363
IX-23 InsurancePrograms $21,507$21,507
IX-24 Other expenses (24a–d)Programs $147,559$147,559
IX-25 Total functional expensesPrograms $297,619 · Management $56,184 · Fundraising $0$353,803
Part X · Balance sheet $1,978,087 assets, 14 lines filed
Asset lines not itemized here account for $12,872; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $32,024$27,922
X-2 Savings and temporary cash investmentsStart of year $1,336,356$1,363,247
X-3 Pledges and grants receivableStart of year $24,530$49,416
X-4 Accounts receivableStart of year $2,742$1,008
X-9 Prepaid expenses and deferred chargesStart of year $1,945$2,596
X-10c Land, buildings and equipment, netStart of year $544,226$521,026
X-16 Total assetsStart of year $1,954,695$1,978,087
X-17 Accounts payable and accrued expensesStart of year $37,200$38,695
X-19 Deferred revenueStart of year $12,086$9,140
X-25 Other liabilitiesStart of year $20,261$20,760
X-26 Total liabilitiesStart of year $69,547$68,595
X-27 Net assets without donor restrictionsStart of year $1,885,148$1,909,492
X-32 Total net assets or fund balancesStart of year $1,885,148$1,909,492
X-33 Total liabilities and net assetsStart of year $1,954,695$1,978,087
Part XI · Reconciliation of net assets $1,909,492 net assets at year end
XI-1 Total revenue$374,564
XI-2 Total expenses$353,803
XI-3 Revenue less expenses$20,761
XI-4 Net assets at start of year$1,885,148
XI-5 Net unrealized gains (losses) on investments$3,583
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,909,492

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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