Forest Acres INC: FY2022 Nonprofit Profile & Form 990 (EIN 36-3671316)

Revenue by fiscal year
FY2020	$210K
FY2021	$214K
FY2022	$218K
FY2023	$211K
FY2024	$199K
FY2025	$232K

Expenses by fiscal year
FY2020	$208K
FY2021	$230K
FY2022	$226K
FY2023	$213K
FY2024	$294K
FY2025	$269K

Net assets by fiscal year
FY2020	−$290K
FY2021	−$306K
FY2022	−$313K
FY2023	−$315K
FY2024	−$410K
FY2025	−$447K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1994.

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

Where the money goes

78 cents of each dollar spent went to programs.

78%

22%

Program services 78% · $176K Management & general 22% · $49K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII

Steve Kistner

Chairperson

$0Pt VII · Sec A

Kathryn Johnson

Vice Chairperson

$0Pt VII · Sec A

Chuck Corbett

Secretary/Treasurer

$0Pt VII · Sec A

Dan Pecaut

Director

$0Pt VII · Sec A

Ed Arshem

Director

$0Pt VII · Sec A

Dale Jans

Director

$0Pt VII · Sec A

Rebecca Chief Eagle

Director

$0Pt VII · Sec A

Will Poulson

Director

$0Pt VII · Sec A

See Forest Acres INC executive salaries →

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 housing for physically/mentally disabled and elderly individuals.

Questions for Forest Acres INC

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1 program · $176K · in their own filed words · FY2021

01

Expenses incurred to operate a 21 unit apartment complex which provides housing for the physically and mentally disabled and the elderly - financed by hud under section 202 of the housing act of 1959.

$176Kprogram expense

Funders

Who pays for it.

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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Jun 2018 · $754K federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$632K

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$122K

The auditor reported 1 finding: a weakness in money controls.

Year ending Jun 2017 · $772K federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$650K

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$123K

The auditor reported no findings.

Year ending Jun 2016 · $784K federal money spent

Supportive Housing for the Elderly (section 202 - Direct Loan)Department of Housing and Urban Development · ALN 14.157 · Direct$666K

Section 8 Housing Assistance Payments Program - Special AllocationsDepartment of Housing and Urban Development · ALN 14.195 · Direct$118K

The auditor reported no findings.

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$218K

Ln 12

Gifts and grantsLn 1h$134K

Fees for servicesLn 2g$85K

Investment incomeLn 3$67

Money outPt IX

$226K

Ln 25

Programscol B$176K

Managementcol C$49K

Owns and owesPt X

−$313K

net assets · Ln 32

Cash and savingsLn 1–2$67K

Total assetsLn 16$325K

LiabilitiesLn 26$638K

PeoplePt VI, VII

14

listed · VII A

PaidVII A0

Voting boardVI 1a12

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$134K

Government grantsLn 1e$134K

Fees for servicesLn 2g$85K

Investment incomeLn 3$67

Total revenueLn 12$218K

Assets in detailPt X, end of year

CashLn 1$35K

SavingsLn 2$32K

Cash and savings togetherLn 1–2$67K

Land, buildings, equipmentLn 10c$247K

Total assetsLn 16$325K

LiabilitiesLn 26$638K

Net assetsLn 32−$313K

OperationsPt I, VI

EmployeesI 50

VolunteersI 617

Fiscal year endsHeaderJune

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$65K	$67K
Land, buildings, equipmentLn 10c	$274K	$247K
Total assetsLn 16	$349K	$325K
LiabilitiesLn 26	$655K	$638K
Net assetsLn 32	−$306K	−$313K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$42K	$11K	$31K
Accounting feesLn 11c	$8K		$8K
Advertising and promotionLn 12	$467		$467
Office expensesLn 13	$8K		$8K
OccupancyLn 16	$100K	$100K
TravelLn 17	$1K		$1K
Conferences, conventions and meetingsLn 19	$681		$681
Depreciation, depletion and amortizationLn 22	$27K	$27K
Other expenses (24a–d)Ln 24	$39K	$39K
Total functional expensesLn 25	$226K	$176K	$49K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Apr 10, 2026	$232K	$269K	−$37K	−$447K	990 PDF
FY2024Filed with the IRS May 6, 2025	$199K	$294K	−$95K	−$410K	990 PDF
FY2023Filed with the IRS May 15, 2024	$211K	$213K	−$2K	−$315K	990 PDF
FY2022 ViewingFiled with the IRS May 15, 2023	$218K	$226K	−$7K	−$313K	990 PDF
FY2021Filed with the IRS May 16, 2022	$214K	$230K	−$16K	−$306K	990 PDF
FY2020Filed with the IRS May 13, 2021	$210K	$208K	$2K	−$290K	990 PDF

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 $218,498 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $131,167$133,653

I-9 Program service revenuePrior year $82,513$84,778

I-10 Investment incomePrior year $87$67

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $213,767$218,498

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 $230,014$225,633

I-18 Total expensesPrior year $230,014$225,633

I-19 Revenue less expensesPrior year −$16,247−$7,135

Part VI · Governance 12 of 12 board members independent, 4 to look at

VI-1a Voting members of the governing body12

VI-1b Independent voting members12

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 $218,498 across 5 lines filed

VIII-1e Government grants$133,653

VIII-1h Total contributions, gifts and grants$133,653

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $84,778$84,778

VIII-3 Investment incomeRelated to mission $67$67

VIII-12 Total revenueRelated to mission $84,845 · Unrelated business $0 · Excluded from tax $0$218,498

Part IX · Statement of functional expenses $225,633 across 9 lines filed

IX-11a Management feesPrograms $10,748 · Management $30,961$41,709

IX-11c Accounting feesManagement $7,847$7,847

IX-12 Advertising and promotionManagement $467$467

IX-13 Office expensesManagement $8,033$8,033

IX-16 OccupancyPrograms $99,658$99,658

IX-17 TravelManagement $1,485$1,485

IX-19 Conferences, conventions and meetingsManagement $681$681

IX-22 Depreciation, depletion and amortizationPrograms $27,024$27,024

IX-24 Other expenses (24a–d)Programs $38,729$38,729

IX-25 Total functional expensesPrograms $176,159 · Management $49,474 · Fundraising $0$225,633

Part X · Balance sheet $325,079 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $25,389$35,333

X-2 Savings and temporary cash investmentsStart of year $40,081$32,029

X-4 Accounts receivableStart of year $446$143

X-9 Prepaid expenses and deferred chargesStart of year $9,645$10,278

X-10c Land, buildings and equipment, netStart of year $273,540$247,296

X-16 Total assetsStart of year $349,101$325,079

X-17 Accounts payable and accrued expensesStart of year $28,042$23,835

X-19 Deferred revenueStart of year $1,356$4,606

X-25 Other liabilitiesStart of year $84,461$96,669

X-26 Total liabilitiesStart of year $655,092$638,205

X-27 Net assets without donor restrictionsStart of year −$305,991−$313,126

X-32 Total net assets or fund balancesStart of year −$305,991−$313,126

X-33 Total liabilities and net assetsStart of year $349,101$325,079

Part XI · Reconciliation of net assets −$313,126 net assets at year end

XI-1 Total revenue$218,498

XI-2 Total expenses$225,633

XI-3 Revenue less expenses−$7,135

XI-4 Net assets at start of year−$305,991

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$313,126

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

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Forest Acres INC FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Forest Acres INC

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV