Delphi Housing INC FY2024 filing

Tax-deductible

Delphi, IN501(c)(3)Since 1976HousingEIN 35-1383771Revenue $210K in FY2024

On file with the IRS637 N Market St, 46923-1044 · Delphi, INTax-exempt since Jul 1977Publicly supported charity — 170(b)(1)(A)(vi)

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To provide affordable Housing to qualified senior citizens and disabled individuals.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$34K 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

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
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 2
filings with a surplus
Average surplus $16K a year · 8% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$34K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$121K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$210K
+12% vs prior year
Spent
$185K
To programs
75%
Net assets
$206K
By yearFY2020–FY2025
Revenue
$210K
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$180K
FY2021$170K
FY2022$188K
FY2023$188K
FY2024$210K
FY2025$206K
Expenses
$185K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$185K
FY2025$200K
Net assets
$206K
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$98K
FY2021$113K
FY2022$154K
FY2023$181K
FY2024$206K
FY2025$212K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 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 Jul 1977.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $138K Management & general 25% · $47K

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

7 people listed on the 990; $34K paid to officers and key staff.

Part VII, Section A · reportable compensation
Board Presid
$30,833Pt VII · Sec A
Secretary
$3,350Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Joan Ross’s $35K as President is at the 26th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Joan Ross$35,000$30,833$25,000$23,667$21,000
Eric Ross$4,225$3,350———

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.

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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

Offers affordable housing for seniors and disabled individuals.

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Provided by the organization

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1 program · $138K · in their own filed words · FY2024
01

To provide affordable housing to qualified senior citizens and disabled individuals.

$138Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$210K
Ln 12
Fees for servicesLn 2g$136K
Gifts and grantsLn 1h$65K
Other incomeLn 4–11$7K
Money outPt IX
$185K
Ln 25
Programscol B$138K
Managementcol C$47K
Owns and owesPt X
$206K
net assets · Ln 32
Cash and savingsLn 1–2$125K
Total assetsLn 16$326K
LiabilitiesLn 26$121K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$65K
Government grantsLn 1e$65K
Fees for servicesLn 2g$136K
Investment incomeLn 3$1K
Other incomeLn 4–11$7K
Total revenueLn 12$210K
Assets in detailPt X, end of year
CashLn 1$125K
Cash and savings togetherLn 1–2$125K
Land, buildings, equipmentLn 10c$186K
Total assetsLn 16$326K
LiabilitiesLn 26$121K
Net assetsLn 32$206K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$109K$125K
Land, buildings, equipmentLn 10c$209K$186K
Total assetsLn 16$331K$326K
LiabilitiesLn 26$150K$121K
Net assetsLn 32$181K$206K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$49K$18K$31K
Payroll taxesLn 10$3K$1K$1K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$2K$2K
OccupancyLn 16$81K$81K
Depreciation, depletion and amortizationLn 22$23K$23K
InsuranceLn 23$15K$15K$864
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$185K$138K$47K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $206K$200K$6K$212K 990 PDF
FY2024 Viewing $210K$185K$25K$206K 990 PDF
FY2023 $188K$181K 990 PDF
FY2022 $188K$154K 990 PDF
FY2021 $170K$113K 990 PDF
FY2020 $180K$98K 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 $209,902 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $57,936$65,483
I-9 Program service revenuePrior year $127,471$136,038
I-10 Investment incomePrior year $423$1,132
I-11 Other revenuePrior year $2,459$7,249
I-12 Total revenuePrior year $188,289$209,902
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $48,732$51,295
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $112,546$133,624
I-18 Total expensesPrior year $161,278$184,919
I-19 Revenue less expensesPrior year $27,011$24,983
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $209,902 across 6 lines filed
Lines not itemized here account for $383 of total revenue; see the IRS return.
VIII-1e Government grants$65,483
VIII-1h Total contributions, gifts and grants$65,483
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $136,038$136,038
VIII-3 Investment incomeExcluded from tax $1,132$1,132
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,866$6,866
VIII-12 Total revenueRelated to mission $143,287 · Excluded from tax $1,132$209,902
Part IX · Statement of functional expenses $184,919 across 8 lines filed
IX-7 Other salaries and wagesPrograms $17,875 · Management $30,833$48,708
IX-10 Payroll taxesPrograms $1,368 · Management $1,219$2,587
IX-11c Accounting feesManagement $6,525$6,525
IX-13 Office expensesManagement $2,449$2,449
IX-16 OccupancyPrograms $81,071$81,071
IX-22 Depreciation, depletion and amortizationPrograms $23,070$23,070
IX-23 InsurancePrograms $14,620 · Management $864$15,484
IX-24 Other expenses (24a–d)Management $5,025$5,025
IX-25 Total functional expensesPrograms $138,004 · Management $46,915 · Fundraising $0$184,919
Part X · Balance sheet $326,399 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $109,001$125,477
X-4 Accounts receivableStart of year $495$685
X-9 Prepaid expenses and deferred chargesStart of year $12,587$14,484
X-10c Land, buildings and equipment, netStart of year $208,822$185,753
X-16 Total assetsStart of year $330,905$326,399
X-17 Accounts payable and accrued expensesStart of year $787$1,034
X-19 Deferred revenueStart of year $189$484
X-25 Other liabilitiesStart of year $14,880$14,880
X-26 Total liabilitiesStart of year $150,149$120,660
X-27 Net assets without donor restrictionsStart of year $180,757$205,739
X-32 Total net assets or fund balancesStart of year $180,757$205,739
X-33 Total liabilities and net assetsStart of year $330,906$326,399
Part XI · Reconciliation of net assets $205,739 net assets at year end
XI-1 Total revenue$209,902
XI-2 Total expenses$184,919
XI-3 Revenue less expenses$24,983
XI-4 Net assets at start of year$180,756
XI-10 Net assets at end of year$205,739

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

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