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First Richland - Morrow Housing INC

Tax-deductible

Gahanna, OH501(c)(3)EIN 34-1541421Revenue $245K in FY2024

On file with the IRS947 E Johnstown Road Suite 253, 43230-1851 · Gahanna, OHTax-exempt since Mar 1992Publicly supported charity — 170(b)(1)(A)(vi)

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Low income Housing

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
3 of 5
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$379K
252% of total assets
Concern: liabilities are 252% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 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
$245K
+4% vs prior year
Spent
$237K
To programs
81%
Net assets
−$228K
By yearFY2020–FY2024
Revenue
$245K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$234K
FY2021$224K
FY2022$240K
FY2023$235K
FY2024$245K
Expenses
$237K
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$228K
FY2021$245K
FY2022$248K
FY2023$230K
FY2024$237K
Net assets
−$228K
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020−$214K
FY2021−$234K
FY2022−$242K
FY2023−$236K
FY2024−$228K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1992.

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% · $191K Management & general 19% · $46K

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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mary McDonald
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tiffany Ranft
Secretary
$0Pt VII · Sec A
Obie Stillwell
Executive Di
$0Pt VII · Sec A
See First Richland - Morrow Housing 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

First Richland - Morrow Housing INC is a nonprofit based in Gahanna, OH.

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Provided by the organization

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1 program · $191K · in their own filed words · FY2024
01

Provide hud subsidized housing for low income elderly individuals.

$191Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$245K
Ln 12
Gifts and grantsLn 1h$167K
Fees for servicesLn 2g$77K
Other incomeLn 4–11$744
Money outPt IX
$237K
Ln 25
Programscol B$191K
Managementcol C$46K
Owns and owesPt X
−$228K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$150K
LiabilitiesLn 26$379K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$167K
Government grantsLn 1e$167K
Fees for servicesLn 2g$77K
Investment incomeLn 3$7
Other incomeLn 4–11$744
Total revenueLn 12$245K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$105K
Other assetsLn 15$38K
Total assetsLn 16$150K
LiabilitiesLn 26$379K
Net assetsLn 32−$228K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$3K
Land, buildings, equipmentLn 10c$140K$105K
Total assetsLn 16$186K$150K
LiabilitiesLn 26$422K$379K
Net assetsLn 32−$236K−$228K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$31K$16K$16K
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$2K$2K
Management feesLn 11a$13K$13K
Accounting feesLn 11c$5K$5K
Office expensesLn 13$11K$11K
OccupancyLn 16$47K$47K
InterestLn 20$31K$31K
Depreciation, depletion and amortizationLn 22$36K$36K
InsuranceLn 23$184$184
Other expenses (24a–d)Ln 24$56K$54K$2K
All other expensesLn 24e$100$100
Total functional expensesLn 25$237K$191K$46K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $245K$237K$8K−$228K 990 PDF
FY2023 $235K$230K$6K−$236K 990 PDF
FY2022 $240K$248K−$8K−$242K 990 PDF
FY2021 $224K$245K−$20K−$234K 990 PDF
FY2020 $234K$228K$7K−$214K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $244,751 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $165,004$167,486
I-9 Program service revenuePrior year $69,305$76,514
I-10 Investment incomePrior year $7$7
I-11 Other revenuePrior year $847$744
I-12 Total revenuePrior year $235,163$244,751
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $39,632$37,420
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $189,925$199,334
I-18 Total expensesPrior year $229,557$236,754
I-19 Revenue less expensesPrior year $5,606$7,997
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $244,751 across 6 lines filed
VIII-1e Government grants$167,486
VIII-1h Total contributions, gifts and grants$167,486
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $76,514$76,514
VIII-3 Investment incomeRelated to mission $7$7
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $744$744
VIII-12 Total revenueRelated to mission $77,265$244,751
Part IX · Statement of functional expenses $236,754 across 12 lines filed
IX-7 Other salaries and wagesPrograms $15,524 · Management $15,567$31,091
IX-9 Other employee benefitsPrograms $4,010$4,010
IX-10 Payroll taxesPrograms $2,319$2,319
IX-11a Management feesManagement $12,936$12,936
IX-11c Accounting feesManagement $5,090$5,090
IX-13 Office expensesManagement $10,632$10,632
IX-16 OccupancyPrograms $47,058$47,058
IX-20 InterestPrograms $31,339$31,339
IX-22 Depreciation, depletion and amortizationPrograms $36,338$36,338
IX-23 InsurancePrograms $184$184
IX-24 Other expenses (24a–d)Programs $53,796 · Management $1,861$55,657
IX-24e All other expensesPrograms $100$100
IX-25 Total functional expensesPrograms $190,668 · Management $46,086 · Fundraising $0$236,754
Part X · Balance sheet $150,159 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,561$2,799
X-4 Accounts receivableStart of year $1,684$319
X-9 Prepaid expenses and deferred chargesStart of year $3,114$3,724
X-10c Land, buildings and equipment, netStart of year $140,402$105,201
X-15 Other assetsStart of year $37,971$38,116
X-16 Total assetsStart of year $185,732$150,159
X-17 Accounts payable and accrued expensesStart of year $18,359$19,256
X-19 Deferred revenueStart of year $1,142$845
X-25 Other liabilitiesStart of year $4,701$4,869
X-26 Total liabilitiesStart of year $422,106$378,536
X-27 Net assets without donor restrictionsStart of year −$236,374−$228,377
X-32 Total net assets or fund balancesStart of year −$236,374−$228,377
X-33 Total liabilities and net assetsStart of year $185,732$150,159
Part XI · Reconciliation of net assets −$228,377 net assets at year end
XI-1 Total revenue$244,751
XI-2 Total expenses$236,754
XI-3 Revenue less expenses$7,997
XI-4 Net assets at start of year−$236,374
XI-10 Net assets at end of year−$228,377

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

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