To Provide Safe and Affordable Housing for Low-Income Persons.

501(c)(3) charity; gifts are tax-deductible.
29¢ 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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FY2022 · 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
1 of 5
filings with a surplus
Average deficit $47K a year · 10% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
29%
of spending
Concern: 29% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.9M
260% of total assets
Concern: liabilities are 260% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 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
$490K
+12% vs prior year
Spent
$505K
To programs
29%
Net assets
−$2.4M
By yearFY2020–FY2024
Revenue
$490K
FY2022▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$440K
FY2021$438K
FY2022$490K
FY2023$520K
FY2024$501K
Expenses
$505K
FY2022▲ +0.5%
Tap a bar for its year
Expenses by fiscal year
FY2020$482K
FY2021$503K
FY2022$505K
FY2023$644K
FY2024$492K
Net assets
−$2.4M
FY2022▼ -0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.3M
FY2021−$2.4M
FY2022−$2.4M
FY2023−$2.5M
FY2024−$2.5M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Mar 1995.

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

Where the money goes

29 cents of each dollar spent went to programs.

Program services 29% · $147K Management & general 71% · $359K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Officer
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ucc II 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 15aYes

Programs and updates

Builds and offers safe, affordable homes for people with low incomes.

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Provided by the organization

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1 program · $147K · in their own filed words · FY2022
01

The Sole Purpose is to Provide Subsidized Apartment Housing to Approximately 70 Low-Income Elderly and/or Handicapped Persons through the U.S. Department of HUD Section 202 Program.

$147Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$490K
Ln 12
Gifts and grantsLn 1h$273K
Fees for servicesLn 2g$210K
Other incomeLn 4–11$4K
Money outPt IX
$505K
Ln 25
Programscol B$147K
Managementcol C$359K
Owns and owesPt X
−$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$1.5M
LiabilitiesLn 26$3.9M
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$273K
Government grantsLn 1e$273K
Fees for servicesLn 2g$210K
Investment incomeLn 3$2K
Other incomeLn 4–11$4K
Total revenueLn 12$490K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$371K
Total assetsLn 16$1.5M
LiabilitiesLn 26$3.9M
Net assetsLn 32−$2.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
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 FY22End FY22
Cash and savingsLn 1–2$9K$17K
Land, buildings, equipmentLn 10c$1.2M$1.1M
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$3.9M$3.9M
Net assetsLn 32−$2.4M−$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$65K$19K$46K$0
Other employee benefitsLn 9$14K$0$14K$0
Payroll taxesLn 10$4K$0$4K$0
Management feesLn 11a$71K$0$71K$0
Accounting feesLn 11c$12K$0$12K$0
Other fees for servicesLn 11g$517$0$517$0
Advertising and promotionLn 12$739$0$739$0
Office expensesLn 13$22K$0$22K$0
OccupancyLn 16$68K$0$68K$0
TravelLn 17$22$0$22$0
Conferences, conventions and meetingsLn 19$1K$0$1K$0
Depreciation, depletion and amortizationLn 22$75K$0$75K$0
InsuranceLn 23$43K$0$43K$0
Other expenses (24a–d)Ln 24$128K$128K$0$0
All other expensesLn 24e$1K$0$1K$0
Total functional expensesLn 25$505K$147K$359K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $501K$492K$10K−$2.5M 990 PDF
FY2023 $520K$644K−$124K−$2.5M 990 PDF
FY2022 Viewing $490K$505K−$15K−$2.4M 990 PDF
FY2021 $438K$503K−$64K−$2.4M 990 PDF
FY2020 $440K$482K−$43K−$2.3M 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 FY2022 990 (6 parts)
Part I · Summary $489,781 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $226,662$272,880
I-9 Program service revenuePrior year $208,987$210,275
I-10 Investment incomePrior year $325$2,395
I-11 Other revenuePrior year $2,523$4,231
I-12 Total revenuePrior year $438,497$489,781
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $104,216$82,847
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $398,378$422,278
I-18 Total expensesPrior year $502,594$505,125
I-19 Revenue less expensesPrior year −$64,097−$15,344
Part VI · Governance 7 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $489,781 across 6 lines filed
Lines not itemized here account for $53 of total revenue; see the IRS return.
VIII-1e Government grants$272,880
VIII-1h Total contributions, gifts and grants$272,880
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$210,275
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$2,395
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,178 · Unrelated business $0 · Excluded from tax $0$4,178
VIII-12 Total revenueRelated to mission $216,901 · Unrelated business $0 · Excluded from tax $0$489,781
Part IX · Statement of functional expenses $505,125 across 15 lines filed
IX-7 Other salaries and wagesPrograms $18,649 · Management $46,275 · Fundraising $0$64,924
IX-9 Other employee benefitsPrograms $0 · Management $13,628 · Fundraising $0$13,628
IX-10 Payroll taxesPrograms $0 · Management $4,295 · Fundraising $0$4,295
IX-11a Management feesPrograms $0 · Management $71,349 · Fundraising $0$71,349
IX-11c Accounting feesPrograms $0 · Management $11,520 · Fundraising $0$11,520
IX-11g Other fees for servicesPrograms $0 · Management $517 · Fundraising $0$517
IX-12 Advertising and promotionPrograms $0 · Management $739 · Fundraising $0$739
IX-13 Office expensesPrograms $0 · Management $22,108 · Fundraising $0$22,108
IX-16 OccupancyPrograms $0 · Management $67,924 · Fundraising $0$67,924
IX-17 TravelPrograms $0 · Management $22 · Fundraising $0$22
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $1,057 · Fundraising $0$1,057
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $74,545 · Fundraising $0$74,545
IX-23 InsurancePrograms $0 · Management $43,269 · Fundraising $0$43,269
IX-24 Other expenses (24a–d)Programs $127,942 · Management $0 · Fundraising $0$127,942
IX-24e All other expensesPrograms $0 · Management $1,286 · Fundraising $0$1,286
IX-25 Total functional expensesPrograms $146,591 · Management $358,534 · Fundraising $0$505,125
Part X · Balance sheet $1,504,513 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $8,980$17,309
X-4 Accounts receivableStart of year $953$171
X-9 Prepaid expenses and deferred chargesStart of year $8,589$7,625
X-10c Land, buildings and equipment, netStart of year $1,174,246$1,108,716
X-15 Other assetsStart of year $323,925$370,692
X-16 Total assetsStart of year $1,516,693$1,504,513
X-17 Accounts payable and accrued expensesStart of year $33,981$37,591
X-19 Deferred revenueStart of year $515$22
X-26 Total liabilitiesStart of year $3,910,312$3,913,476
X-27 Net assets without donor restrictionsStart of year −$2,393,619−$2,408,963
X-32 Total net assets or fund balancesStart of year −$2,393,619−$2,408,963
X-33 Total liabilities and net assetsStart of year $1,516,693$1,504,513
Part XI · Reconciliation of net assets −$2,408,963 net assets at year end
XI-1 Total revenue$489,781
XI-2 Total expenses$505,125
XI-3 Revenue less expenses−$15,344
XI-4 Net assets at start of year−$2,393,619
XI-10 Net assets at end of year−$2,408,963

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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