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Summit Terrace Development Corporation FY2020 filing

Tax-deductible

Akron, OH501(c)(3)Since 1995Mental HealthEIN 34-1803248

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To provide safe, decent, and affordable housing to single men and women with a chronic disability in akron, oh.

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

Before you give

FY2020 · 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 $38K a year · 26% of revenue · last 6 filings
Concern: a surplus in 0 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
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
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
$147K
Spent
$168K
To programs
84%
Net assets
$836K
By yearFY2020–FY2025
Revenue
$147K
FY2020
Revenue by fiscal year
FY2020$147K
FY2021$152K
FY2022$143K
FY2023$147K
FY2024$143K
FY2025$150K
Expenses
$168K
FY2020
Expenses by fiscal year
FY2020$168K
FY2021$183K
FY2022$201K
FY2023$200K
FY2024$178K
FY2025$179K
Net assets
$836K
FY2020
Net assets by fiscal year
FY2020$836K
FY2021$804K
FY2022$747K
FY2023$694K
FY2024$659K
FY2025$630K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Sep 1995.

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% · $140K Management & general 16% · $27K

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
Jackie Hemsworth
Vice Preside
$0Pt VII · Sec A
Connie Porter
Secretary/ T
$0Pt VII · Sec A
Becky Ryba
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Summit Terrace Development Corporation 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 safe, affordable housing to single adults with chronic disabilities in Akron.

Provided by the organization

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1 program · $140K · in their own filed words · FY2020
01

To provide safe, decent and affordable housing to single men and women with a chronic disability in akron, oh.

$140Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$147K
Ln 12
Fees for servicesLn 2g$146K
Other incomeLn 4–11$2K
Investment incomeLn 3$34
Money outPt IX
$168K
Ln 25
Programscol B$140K
Managementcol C$27K
Owns and owesPt X
$836K
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$842K
LiabilitiesLn 26$7K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$146K
Investment incomeLn 3$34
Other incomeLn 4–11$2K
Total revenueLn 12$147K
Assets in detailPt X, end of year
CashLn 1$24K
Cash and savings togetherLn 1–2$24K
Land, buildings, equipmentLn 10c$747K
Other assetsLn 15$68K
Total assetsLn 16$842K
LiabilitiesLn 26$7K
Net assetsLn 32$836K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY20End FY20
Cash and savingsLn 1–2$24K$24K
Land, buildings, equipmentLn 10c$788K$747K
Total assetsLn 16$860K$842K
LiabilitiesLn 26$4K$7K
Net assetsLn 32$856K$836K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$11K$11K
Accounting feesLn 11c$10K$10K
Office expensesLn 13$120$120
OccupancyLn 16$27K$27K
Depreciation, depletion and amortizationLn 22$41K$41K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$63K$56K$7K
All other expensesLn 24e$544$496$48
Total functional expensesLn 25$168K$140K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $150K$179K−$29K$630K 990 PDF
FY2024 $143K$178K−$35K$659K 990 PDF
FY2023 $147K$200K−$53K$694K 990 PDF
FY2022 $143K$201K−$58K$747K 990 PDF
FY2021 $152K$183K−$31K$804K 990 PDF
FY2020 Viewing $147K$168K−$20K$836K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $147,477 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $145,210 · Excluded from tax $702$145,912
VIII-3 Investment incomeExcluded from tax $34$34
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,531$1,531
VIII-12 Total revenueRelated to mission $146,741 · Excluded from tax $736$147,477
Part IX · Statement of functional expenses $167,739 across 8 lines filed
IX-11a Management feesManagement $10,836$10,836
IX-11c Accounting feesManagement $9,914$9,914
IX-13 Office expensesManagement $120$120
IX-16 OccupancyPrograms $27,258$27,258
IX-22 Depreciation, depletion and amortizationPrograms $41,378$41,378
IX-23 InsurancePrograms $14,832$14,832
IX-24 Other expenses (24a–d)Programs $56,297 · Management $6,560$62,857
IX-24e All other expensesPrograms $496 · Management $48$544
IX-25 Total functional expensesPrograms $140,261 · Management $27,478 · Fundraising $0$167,739
Part X · Balance sheet $842,440 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $24,064$24,073
X-4 Accounts receivableStart of year $3,688$3,478
X-10c Land, buildings and equipment, netStart of year $788,217$746,839
X-15 Other assetsStart of year $43,577$68,050
X-16 Total assetsStart of year $860,349$842,440
X-17 Accounts payable and accrued expensesStart of year $1,076$3,255
X-19 Deferred revenueStart of year $360$1,216
X-25 Other liabilitiesStart of year $3,023$2,341
X-26 Total liabilitiesStart of year $4,459$6,812
X-27 Net assets without donor restrictionsStart of year −$609,010−$629,272
X-28 Net assets with donor restrictionsStart of year $1,464,900$1,464,900
X-32 Total net assets or fund balancesStart of year $855,890$835,628
X-33 Total liabilities and net assetsStart of year $860,349$842,440
Part XI · Reconciliation of net assets $835,628 net assets at year end
XI-1 Total revenue$147,477
XI-2 Total expenses$167,739
XI-3 Revenue less expenses−$20,262
XI-4 Net assets at start of year$855,890
XI-10 Net assets at end of year$835,628

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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