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Maryvale INC FY2020 filing

Tax-deductible

Terre Haute, IN501(c)(3)EIN 35-1431573Revenue $1.1M in FY2020

On file with the IRS711 Ohio St, 47807-3717 · Terre Haute, INTax-exempt since Dec 1978Publicly supported — 509(a)(2)

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Maryvale, INC. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of indiana. The corporation was formed for the purpose of operating a 148 unit apartment project for the elderly, handicapped and low income persons located in st mary of the woods, indiana. The project is financed with a mortgage that is insured by the department of housing and urban development pursuant to section 223(f) of the national housing act and is, therefore, regulated by hud with respect to rental charges and operating methods. The corporation has also entered into a housing assistance payment contract with hud. The hap contract is a rent assistance program for low income families (or persons) as provided by section 8 of the national housing act.

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
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 $129K a year · 11% 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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.6M
193% of total assets
Concern: liabilities are 193% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$1.0M
To programs
84%
Net assets
−$1.7M
By yearFY2020–FY2024
Revenue
$1.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M
Expenses
$1.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$994K
FY2022$949K
FY2023$988K
FY2024$1.1M
Net assets
−$1.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.7M
FY2021−$1.6M
FY2022−$1.5M
FY2023−$1.3M
FY2024−$1.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Dec 1978.

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% · $857K Management & general 16% · $158K

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.

Part VII, Section A · reportable compensation
Jan Harmening
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Marge Fields
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Dave Bonnett
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Maryvale 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

Provides affordable housing for elderly, handicapped, and low-income individuals.

Questions for Maryvale INC

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Provided by the organization

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1 program · $857K · in their own filed words · FY2020
01

Maryvale, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of indiana. The corporation was formed for the purpose of operating a 148 unit apartment project for the elderly, handicapped and low income persons located in ST mary of the woods, indiana.

$857Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$582K
Fees for servicesLn 2g$474K
Other incomeLn 4–11$17K
Money outPt IX
$1.0M
Ln 25
Programscol B$857K
Managementcol C$158K
Owns and owesPt X
−$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$89K
Total assetsLn 16$1.9M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$582K
Government grantsLn 1e$582K
Fees for servicesLn 2g$474K
Investment incomeLn 3$311
Other incomeLn 4–11$17K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$89K
Cash and savings togetherLn 1–2$89K
InvestmentsLn 11–13$754K
Land, buildings, equipmentLn 10c$849K
Other assetsLn 15$56K
Total assetsLn 16$1.9M
LiabilitiesLn 26$3.6M
Net assetsLn 32−$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$31K$89K
InvestmentsLn 11–13$656K$754K
Land, buildings, equipmentLn 10c$951K$849K
Total assetsLn 16$1.8M$1.9M
LiabilitiesLn 26$3.6M$3.6M
Net assetsLn 32−$1.8M−$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$85K$85K
Legal feesLn 11b$103$103
Accounting feesLn 11c$35K$35K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$24K$24K
OccupancyLn 16$606K$606K
TravelLn 17$6K$6K
Depreciation, depletion and amortizationLn 22$130K$130K
Other expenses (24a–d)Ln 24$115K$115K
Total functional expensesLn 25$1.0M$857K$158K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.2M$1.1M$165K−$1.2M 990 PDF
FY2023 $1.2M$988K$162K−$1.3M 990 PDF
FY2022 $1.1M$949K$131K−$1.5M 990 PDF
FY2021 $1.1M$994K$132K−$1.6M 990 PDF
FY2020 Viewing $1.1M$1.0M$58K−$1.7M 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 (6 parts)
Part I · Summary $1,073,260 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $576,888$581,781
I-9 Program service revenuePrior year $477,362$474,163
I-10 Investment incomePrior year $297$311
I-11 Other revenuePrior year $19,132$17,005
I-12 Total revenuePrior year $1,073,679$1,073,260
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,008,793$1,015,730
I-18 Total expensesPrior year $1,008,793$1,015,730
I-19 Revenue less expensesPrior year $64,886$57,530
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $1,073,260 across 6 lines filed
VIII-1e Government grants$581,781
VIII-1h Total contributions, gifts and grants$581,781
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $474,163$474,163
VIII-3 Investment incomeExcluded from tax $311$311
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $17,005$17,005
VIII-12 Total revenueRelated to mission $474,163 · Unrelated business $0 · Excluded from tax $17,316$1,073,260
Part IX · Statement of functional expenses $1,015,730 across 9 lines filed
IX-11a Management feesManagement $85,303$85,303
IX-11b Legal feesManagement $103$103
IX-11c Accounting feesManagement $34,793$34,793
IX-12 Advertising and promotionManagement $14,195$14,195
IX-13 Office expensesManagement $23,844$23,844
IX-16 OccupancyPrograms $606,049$606,049
IX-17 TravelPrograms $6,287$6,287
IX-22 Depreciation, depletion and amortizationPrograms $129,912$129,912
IX-24 Other expenses (24a–d)Programs $115,244$115,244
IX-25 Total functional expensesPrograms $857,492 · Management $158,238 · Fundraising $0$1,015,730
Part X · Balance sheet $1,863,690 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $31,368$88,843
X-4 Accounts receivableStart of year $3,388$3,802
X-9 Prepaid expenses and deferred chargesStart of year $44,307$47,555
X-10c Land, buildings and equipment, netStart of year $950,778$848,525
X-13 Program-related investmentsStart of year $655,807$753,717
X-14 Intangible assetsStart of year $68,098$65,544
X-15 Other assetsStart of year $55,494$55,704
X-16 Total assetsStart of year $1,809,240$1,863,690
X-17 Accounts payable and accrued expensesStart of year $36,791$108,928
X-19 Deferred revenueStart of year $2,693$2,549
X-25 Other liabilitiesStart of year $55,494$55,704
X-26 Total liabilitiesStart of year $3,606,813$3,603,733
X-27 Net assets without donor restrictionsStart of year −$1,797,573−$1,740,043
X-32 Total net assets or fund balancesStart of year −$1,797,573−$1,740,043
X-33 Total liabilities and net assetsStart of year $1,809,240$1,863,690
Part XI · Reconciliation of net assets −$1,740,043 net assets at year end
XI-1 Total revenue$1,073,260
XI-2 Total expenses$1,015,730
XI-3 Revenue less expenses$57,530
XI-4 Net assets at start of year−$1,797,573
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,740,043

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

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