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Memorial Park Estates INC

Tax-deductible

Fort Wayne, IN501(c)(3)Since 2005HousingEIN 36-4516316Revenue $243K in FY2025

On file with the IRS2940 S Anthony Blvd, 46806-3807 · Fort Wayne, INTax-exempt since Dec 2003Publicly supported — 509(a)(2)

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Housing to low income, elderly individuals.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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 $83K a year · 40% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.7M
173% of total assets
Concern: liabilities are 173% of assets; over 80%.
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
$243K
+5% vs prior year
Spent
$347K
To programs
77%
Net assets
−$1.1M
By yearFY2020–FY2025
Revenue
$243K
FY2025▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$163K
FY2021$168K
FY2022$192K
FY2023$238K
FY2024$231K
FY2025$243K
Expenses
$347K
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$224K
FY2021$281K
FY2022$257K
FY2023$294K
FY2024$332K
FY2025$347K
Net assets
−$1.1M
FY2025▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020−$697K
FY2021−$809K
FY2022−$874K
FY2023−$930K
FY2024−$1.0M
FY2025−$1.1M

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2003.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $269K Management & general 23% · $78K

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
Elbert Haywood
VP/Secretary/Treasurer
$0Pt VII · Sec A
Margaret Patterson
Executive Director
$0Pt VII · Sec A
Mark Haywood
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Memorial Park Estates 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 low-income elderly individuals.

Questions for Memorial Park Estates INC

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Provided by the organization

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1 program · $269K · in their own filed words · FY2025
01

The organization provides affordable housing to low income elderly individuals

$269Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$243K
Ln 12
Fees for servicesLn 2g$223K
Other incomeLn 4–11$20K
Investment incomeLn 3$154
Money outPt IX
$347K
Ln 25
Programscol B$269K
Managementcol C$78K
Owns and owesPt X
−$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$301
Total assetsLn 16$1.6M
LiabilitiesLn 26$2.7M
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$223K
Investment incomeLn 3$154
Other incomeLn 4–11$20K
Total revenueLn 12$243K
Assets in detailPt X, end of year
CashLn 1$301
Cash and savings togetherLn 1–2$301
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$274K
Total assetsLn 16$1.6M
LiabilitiesLn 26$2.7M
Net assetsLn 32−$1.1M
OperationsPt I, VI
EmployeesI 50
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 FY25End FY25
Cash and savingsLn 1–2$301
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$2.7M$2.7M
Net assetsLn 32−$1.0M−$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$52K$52K
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$27K$27K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$12K$12K
Advertising and promotionLn 12$158$158
Office expensesLn 13$32K$32K
Depreciation, depletion and amortizationLn 22$62K$62K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$125K$125K
Total functional expensesLn 25$347K$269K$78K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $243K$347K−$104K−$1.1M 990 PDF
FY2024 $231K$332K−$101K−$1.0M 990 PDF
FY2023 $238K$294K−$56K−$930K 990 PDF
FY2022 $192K$257K−$65K−$874K 990 PDF
FY2021 $168K$281K−$112K−$809K 990 PDF
FY2020 $163K$224K−$62K−$697K 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 FY2025 990 (6 parts)
Part I · Summary $243,170 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $224,161$223,422
I-10 Investment incomePrior year $91$154
I-11 Other revenuePrior year $6,413$19,594
I-12 Total revenuePrior year $230,665$243,170
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 $47,570$60,493
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $284,048$286,435
I-18 Total expensesPrior year $331,618$346,928
I-19 Revenue less expensesPrior year −$100,953−$103,758
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $243,170 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $223,422$223,422
VIII-3 Investment incomeExcluded from tax $154$154
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $19,594$19,594
VIII-12 Total revenueRelated to mission $243,016 · Unrelated business $0 · Excluded from tax $154$243,170
Part IX · Statement of functional expenses $346,928 across 11 lines filed
IX-7 Other salaries and wagesPrograms $51,966$51,966
IX-9 Other employee benefitsPrograms $4,476$4,476
IX-10 Payroll taxesPrograms $4,051$4,051
IX-11a Management feesManagement $27,325$27,325
IX-11b Legal feesManagement $6,226$6,226
IX-11c Accounting feesManagement $12,032$12,032
IX-12 Advertising and promotionManagement $158$158
IX-13 Office expensesManagement $32,361$32,361
IX-22 Depreciation, depletion and amortizationPrograms $62,368$62,368
IX-23 InsurancePrograms $20,508$20,508
IX-24 Other expenses (24a–d)Programs $125,457$125,457
IX-25 Total functional expensesPrograms $268,826 · Management $78,102 · Fundraising $0$346,928
Part X · Balance sheet $1,557,335 assets, 12 lines filed
X-1 Cash, non-interest-bearing$301
X-4 Accounts receivableStart of year $2,561$1,024
X-9 Prepaid expenses and deferred chargesStart of year $1,619$21,019
X-10c Land, buildings and equipment, netStart of year $1,323,538$1,261,170
X-15 Other assetsStart of year $300,280$273,821
X-16 Total assetsStart of year $1,627,998$1,557,335
X-17 Accounts payable and accrued expensesStart of year $156,772$190,554
X-25 Other liabilitiesStart of year $9,876$9,189
X-26 Total liabilitiesStart of year $2,659,148$2,692,243
X-27 Net assets without donor restrictionsStart of year −$1,031,150−$1,134,908
X-32 Total net assets or fund balancesStart of year −$1,031,150−$1,134,908
X-33 Total liabilities and net assetsStart of year $1,627,998$1,557,335
Part XI · Reconciliation of net assets −$1,134,908 net assets at year end
XI-1 Total revenue$243,170
XI-2 Total expenses$346,928
XI-3 Revenue less expenses−$103,758
XI-4 Net assets at start of year−$1,031,150
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,134,908

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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