Alpha Housing INC FY2021 filing

Not tax-deductible

Akron, OH501(c)(4) EIN 34-1622819Revenue $844K in FY2021Latest return filed May 13, 2025

On file with the IRS662 Wolf Ledges Pkwy, 44311-1511 · Akron, OHTax-exempt since Sep 1984

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Low income housing for the elderly.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
76¢ 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)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
5 of 5
filings with a surplus
Average surplus $96K a year · 13% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.6M
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$844K
+21% vs prior year
Spent
$601K
To programs
76%
Net assets
$109K
By yearFY2020–FY2024
Revenue
$844K
FY2021▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$699K
FY2021$844K
FY2022$743K
FY2023$751K
FY2024$760K
Expenses
$601K
FY2021▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$619K
FY2021$601K
FY2022$704K
FY2023$665K
FY2024$731K
Net assets
$109K
FY2021▲ +181%
Tap a bar for its year
Net assets by fiscal year
FY2020−$134K
FY2021$109K
FY2022$148K
FY2023$187K
FY2024$216K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF 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 Sep 1984.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $454K Management & general 24% · $147K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Alpha Housing 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 seniors in need.

Questions for Alpha Housing INC

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Your first name shows with your question. Alpha Housing INC answers here, for everyone.

1 program · $454K · in their own filed words · FY2021
01

Housing complex for the elderly

$454Kprogram 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 2024 · $2.0M federal money spent
Mortgage Insurance Rental HousingDepartment of Housing and Urban Development · ALN 14.134 · Direct$1.5M
Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$512K

The auditor reported 2 findings: a weakness in money controls, questioned costs.

Year ending Dec 2023 · $2.1M federal money spent
Mortgage Insurance_rental HousingDepartment of Housing and Urban Development · ALN 14.134 · Direct$1.6M
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$511K

The auditor reported no findings.

Year ending Dec 2022 · $2.1M federal money spent
Mortgage Insurance_rental HousingDepartment of Housing and Urban Development · ALN 14.134 · Direct$1.6M
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$485K

The auditor reported no findings.

Year ending Dec 2021 · $2.1M federal money spent
Mortgage Insurance_rental HousingDepartment of Housing and Urban Development · ALN 14.134 · Direct$1.6M
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$452K

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$844K
Ln 12
Fees for servicesLn 2g$647K
Other incomeLn 4–11$197K
Investment incomeLn 3$257
Money outPt IX
$601K
Ln 25
Programscol B$454K
Managementcol C$147K
Owns and owesPt X
$109K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$1.8M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$647K
Investment incomeLn 3$257
Other incomeLn 4–11$197K
Total revenueLn 12$844K
Assets in detailPt X, end of year
CashLn 1$1K
Cash and savings togetherLn 1–2$1K
Land, buildings, equipmentLn 10c$656K
Other assetsLn 15$1.1M
Total assetsLn 16$1.8M
LiabilitiesLn 26$1.6M
Net assetsLn 32$109K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$45K$1K
Land, buildings, equipmentLn 10c$707K$656K
Total assetsLn 16$1.5M$1.8M
LiabilitiesLn 26$1.7M$1.6M
Net assetsLn 32−$134K$109K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$94K$35K$59K
Other employee benefitsLn 9$15K$15K
Payroll taxesLn 10$7K$7K
Management feesLn 11a$27K$27K
Legal feesLn 11b$6K$6K
Other fees for servicesLn 11g$28K$22K$6K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$17K$17K
TravelLn 17$43$43
InterestLn 20$83K$83K
Depreciation, depletion and amortizationLn 22$92K$92K
InsuranceLn 23$28K$28K
Other expenses (24a–d)Ln 24$203K$174K$29K
Total functional expensesLn 25$601K$454K$147K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 13, 2025 $760K$731K$29K$216K 990 PDF
FY2023Filed with the IRS Apr 26, 2024 $751K$665K$86K$187K 990 PDF
FY2022Filed with the IRS May 10, 2023 $743K$704K$39K$148K 990 PDF
FY2021 ViewingFiled with the IRS Apr 21, 2022 $844K$601K$243K$109K 990 PDF
FY2020Filed with the IRS May 10, 2021 $699K$619K$81K−$134K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $844,423 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $687,626$646,783
I-10 Investment incomePrior year $392$257
I-11 Other revenuePrior year $11,368$197,383
I-12 Total revenuePrior year $699,386$844,423
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $110,321$116,042
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $508,405$485,035
I-18 Total expensesPrior year $618,726$601,077
I-19 Revenue less expensesPrior year $80,660$243,346
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $844,423 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $646,783$646,783
VIII-3 Investment incomeRelated to mission $257$257
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $197,383$197,383
VIII-12 Total revenueRelated to mission $844,423 · Unrelated business $0 · Excluded from tax $0$844,423
Part IX · Statement of functional expenses $601,077 across 13 lines filed
IX-7 Other salaries and wagesPrograms $34,882 · Management $59,161$94,043
IX-9 Other employee benefitsPrograms $15,399$15,399
IX-10 Payroll taxesPrograms $6,600$6,600
IX-11a Management feesManagement $27,264$27,264
IX-11b Legal feesManagement $6,000$6,000
IX-11g Other fees for servicesPrograms $21,740 · Management $5,995$27,735
IX-12 Advertising and promotionManagement $1,934$1,934
IX-13 Office expensesManagement $17,427$17,427
IX-17 TravelManagement $43$43
IX-20 InterestPrograms $82,621$82,621
IX-22 Depreciation, depletion and amortizationPrograms $91,754$91,754
IX-23 InsurancePrograms $27,500$27,500
IX-24 Other expenses (24a–d)Programs $173,732 · Management $29,025$202,757
IX-25 Total functional expensesPrograms $454,228 · Management $146,849 · Fundraising $0$601,077
Part X · Balance sheet $1,751,775 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $44,759$1,386
X-4 Accounts receivableStart of year $7,350$12,697
X-8 Inventories for sale or use$2,198
X-9 Prepaid expenses and deferred chargesStart of year $6,113$19,333
X-10c Land, buildings and equipment, netStart of year $706,664$656,400
X-15 Other assetsStart of year $784,882$1,059,761
X-16 Total assetsStart of year $1,549,768$1,751,775
X-17 Accounts payable and accrued expensesStart of year $102,724$108,546
X-25 Other liabilitiesStart of year $13,563$11,787
X-26 Total liabilitiesStart of year $1,684,162$1,642,823
X-27 Net assets without donor restrictionsStart of year −$141,639$101,707
X-28 Net assets with donor restrictionsStart of year $7,245$7,245
X-32 Total net assets or fund balancesStart of year −$134,394$108,952
X-33 Total liabilities and net assetsStart of year $1,549,768$1,751,775
Part XI · Reconciliation of net assets $108,952 net assets at year end
XI-1 Total revenue$844,423
XI-2 Total expenses$601,077
XI-3 Revenue less expenses$243,346
XI-4 Net assets at start of year−$134,394
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$108,952

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

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