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Area III Properties INC FY2020 filing

Not tax-deductible

Fort Wayne, INMutual-benefit / member-servingSince 2001Community Development EIN 35-2143576Revenue $406K in FY2020

On file with the IRS8101 W Jefferson Blvd, 46804-4163 · Fort Wayne, INTax-exempt since Nov 2001

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To hold title to property, collecting income therefrom and turning over the entire amount, less expenses, to aging and in-home services of northeast indiana, INC.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
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
6 of 6
filings with a surplus
Average surplus $82K a year · 13% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
78% of total assets
Worth a look: liabilities are 78% of assets; over 65%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$406K
Spent
$370K
To programs
100%
Net assets
$562K
By yearFY2020–FY2025
Revenue
$406K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$406K
FY2021$596K
FY2022$596K
FY2023$618K
FY2024$645K
FY2025$1.0M
Expenses
$370K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$370K
FY2021$461K
FY2022$595K
FY2023$597K
FY2024$613K
FY2025$756K
Net assets
$562K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$562K
FY2021$697K
FY2022$698K
FY2023$719K
FY2024$752K
FY2025$1.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
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 Nov 2001.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $370K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Kelly Abouhalkah
Board Member
$0Pt VII · Sec A
Abraham Schwab
Board Member
$0Pt VII · Sec A
Fen-Lei Chang
Board Member
$0Pt VII · Sec A
Jesica Thorson
Board Member
$0Pt VII · Sec A
John W Rogers
Board Member
$0Pt VII · Sec A
Barbara Frymier
Board Member
$0Pt VII · Sec A
Mary Lee Mitchell
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Area III Properties 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

Manages property, collects income, and gives it to aging and in-home services.

Questions for Area III Properties INC

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Provided by the organization

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1 program · $370K · in their own filed words · FY2019
01

Lease facilities to aging and in-home services of northeast indiana, inc. , a 501 (c) (3) organization that provides services to older adults and persons with disabilities.

$370Kprogram 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
$406K
Ln 12
Fees for servicesLn 2g$445K
Money outPt IX
$370K
Ln 25
Programscol B$370K
Owns and owesPt X
$562K
net assets · Ln 32
Cash and savingsLn 1–2$176K
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$445K
Gains on assetsLn 7−$38K
Total revenueLn 12$406K
Assets in detailPt X, end of year
CashLn 1$176K
Cash and savings togetherLn 1–2$176K
Land, buildings, equipmentLn 10c$2.4M
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.0M
Net assetsLn 32$562K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$36K$176K
Land, buildings, equipmentLn 10c$1.0M$2.4M
Total assetsLn 16$1.1M$2.6M
LiabilitiesLn 26$561K$2.0M
Net assetsLn 32$525K$562K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$10$10
OccupancyLn 16$143K$143K
InterestLn 20$42K$42K
Depreciation, depletion and amortizationLn 22$95K$95K
Other expenses (24a–d)Ln 24$90K$90K
Total functional expensesLn 25$370K$370K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$756K$264K$1.0M 990 PDF
FY2024Filed with the IRS May 13, 2025 $645K$613K$32K$752K 990 PDF
FY2023Filed with the IRS Apr 15, 2024 $618K$597K$21K$719K 990 PDF
FY2022Filed with the IRS Mar 28, 2023 $596K$595K$1K$698K 990 PDF
FY2021Filed with the IRS Mar 18, 2022 $596K$461K$135K$697K 990 PDF
FY2020 ViewingFiled with the IRS May 17, 2021 $406K$370K$36K$562K 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 FY2020 990 (6 parts)
Part I · Summary $406,418 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $227,231$444,546
I-10 Investment incomePrior year $28−$38,128
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $227,259$406,418
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 $219,961$369,953
I-18 Total expensesPrior year $219,961$369,953
I-19 Revenue less expensesPrior year $7,298$36,465
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $406,418 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $444,546$444,546
VIII-7 Net gain or loss on sales of assetsRelated to mission −$38,128−$38,128
VIII-12 Total revenueRelated to mission $406,418 · Unrelated business $0 · Excluded from tax $0$406,418
Part IX · Statement of functional expenses $369,953 across 5 lines filed
IX-11g Other fees for servicesPrograms $10$10
IX-16 OccupancyPrograms $143,248$143,248
IX-20 InterestPrograms $41,800$41,800
IX-22 Depreciation, depletion and amortizationPrograms $94,791$94,791
IX-24 Other expenses (24a–d)Programs $90,104$90,104
IX-25 Total functional expensesPrograms $369,953 · Management $0 · Fundraising $0$369,953
Part X · Balance sheet $2,555,200 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $36,017$176,300
X-10c Land, buildings and equipment, netStart of year $1,002,024$2,378,900
X-16 Total assetsStart of year $1,086,869$2,555,200
X-17 Accounts payable and accrued expensesStart of year $76,557$186,461
X-26 Total liabilitiesStart of year $561,416$1,993,282
X-27 Net assets without donor restrictionsStart of year $525,453$561,918
X-32 Total net assets or fund balancesStart of year $525,453$561,918
X-33 Total liabilities and net assetsStart of year $1,086,869$2,555,200
Part XI · Reconciliation of net assets $561,918 net assets at year end
XI-1 Total revenue$406,418
XI-2 Total expenses$369,953
XI-3 Revenue less expenses$36,465
XI-4 Net assets at start of year$525,453
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$561,918

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

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