McRc Housing INC: FY2024 Nonprofit Profile & Form 990 (EIN 37-1182243)

Revenue by fiscal year
FY2020	$212K
FY2021	$206K
FY2022	$209K
FY2023	$186K
FY2024	$175K
FY2025	$176K

Expenses by fiscal year
FY2020	$224K
FY2021	$229K
FY2022	$240K
FY2023	$256K
FY2024	$248K
FY2025	$266K

Net assets by fiscal year
FY2020	−$506K
FY2021	−$529K
FY2022	−$560K
FY2023	−$630K
FY2024	−$703K
FY2025	−$793K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1989.

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

Where the money goes

84 cents of each dollar spent went to programs.

84%

16%

Program services 84% · $209K Management & general 16% · $39K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Steve Tibbitts

Vice Chairman

$0Pt VII · Sec A

David Garner

Chairman

$0Pt VII · Sec A

William Nelson

CEO/President

$0Pt VII · Sec A

Jason Duncan

Board Member

$0Pt VII · Sec A

Chris Butcher

Board Member

$0Pt VII · Sec A

Seth Minter

Board Member

$0Pt VII · Sec A

Staci Danner

Treasurer

$0Pt VII · Sec A

Jennifer Dalton

Secretary

$0Pt VII · Sec A

See McRc Housing 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 elderly and disabled individuals.

Questions for McRc Housing INC

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1 program · $209K · in their own filed words · FY2023

01

Operation of an 11 unit apartment and 8 unit group home for elderly and handicapped pursuant to exempt purpose.

$209Kprogram 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 2022 · $768K federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$618K

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$150K

The auditor reported no findings.

Year ending Jun 2021 · $780K federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$633K

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$148K

The auditor reported no findings.

Year ending Jun 2020 · $801K federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$646K

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$155K

The auditor reported no findings.

Year ending Jun 2019 · $781K federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$659K

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

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$175K

Ln 12

Fees for servicesLn 2g$173K

Other incomeLn 4–11$1K

Investment incomeLn 3$33

Money outPt IX

$248K

Ln 25

Programscol B$209K

Managementcol C$39K

Owns and owesPt X

−$703K

net assets · Ln 32

Cash and savingsLn 1–2$963

Total assetsLn 16$235K

LiabilitiesLn 26$938K

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$173K

Investment incomeLn 3$33

Other incomeLn 4–11$1K

Total revenueLn 12$175K

Assets in detailPt X, end of year

CashLn 1$963

Cash and savings togetherLn 1–2$963

Accounts receivableLn 4$5K

Prepaid expenses and deferred chargesLn 9$14K

Land, buildings, equipmentLn 10c$183K

Other assetsLn 15$33K

Total assetsLn 16$235K

LiabilitiesLn 26$938K

Net assetsLn 32−$703K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$2K	$963
Land, buildings, equipmentLn 10c	$205K	$183K
Total assetsLn 16	$268K	$235K
LiabilitiesLn 26	$898K	$938K
Net assetsLn 32	−$630K	−$703K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$49K	$45K	$4K
Management feesLn 11a	$13K		$13K
Legal feesLn 11b	$100		$100
Accounting feesLn 11c	$12K		$12K
Office expensesLn 13	$9K		$9K
OccupancyLn 16	$20K	$20K
Conferences, conventions and meetingsLn 19	$59		$59
InterestLn 20	$35K	$35K
Depreciation, depletion and amortizationLn 22	$26K	$26K
InsuranceLn 23	$16K	$16K
Other expenses (24a–d)Ln 24	$68K	$68K	$163
Total functional expensesLn 25	$248K	$209K	$39K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Mar 31, 2026	$176K	$266K	−$90K	−$793K	990 PDF
FY2024 ViewingFiled with the IRS Jan 31, 2025	$175K	$248K	−$73K	−$703K	990 PDF
FY2023Filed with the IRS Feb 14, 2024	$186K	$256K	−$70K	−$630K	990 PDF
FY2022Filed with the IRS Feb 8, 2023	$209K	$240K	−$31K	−$560K	990 PDF
FY2021Filed with the IRS Feb 1, 2022	$206K	$229K	−$23K	−$529K	990 PDF
FY2020Filed with the IRS Jan 11, 2021	$212K	$224K	−$12K	−$506K	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 FY2024 990 (6 parts)

Part I · Summary $174,654 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $185,104$173,234

I-10 Investment incomePrior year $35$33

I-11 Other revenuePrior year $1,204$1,387

I-12 Total revenuePrior year $186,343$174,654

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 $45,053$48,745

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $211,121$199,114

I-18 Total expensesPrior year $256,174$247,859

I-19 Revenue less expensesPrior year −$69,831−$73,205

Part VI · Governance 5 of 6 board members independent, 2 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members5

VI-13 Written whistleblower 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

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $174,654 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $173,234$173,234

VIII-3 Investment incomeExcluded from tax $33$33

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,387$1,387

VIII-12 Total revenueRelated to mission $173,234 · Unrelated business $0 · Excluded from tax $1,420$174,654

Part IX · Statement of functional expenses $247,859 across 11 lines filed

IX-7 Other salaries and wagesPrograms $44,720 · Management $4,025$48,745

IX-11a Management feesManagement $13,014$13,014

IX-11b Legal feesManagement $100$100

IX-11c Accounting feesManagement $12,427$12,427

IX-13 Office expensesManagement $8,977$8,977

IX-16 OccupancyPrograms $19,525$19,525

IX-19 Conferences, conventions and meetingsManagement $59$59

IX-20 InterestPrograms $34,921$34,921

IX-22 Depreciation, depletion and amortizationPrograms $25,757$25,757

IX-23 InsurancePrograms $15,887$15,887

IX-24 Other expenses (24a–d)Programs $68,284 · Management $163$68,447

IX-25 Total functional expensesPrograms $209,094 · Management $38,765 · Fundraising $0$247,859

Part X · Balance sheet $235,226 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $1,703$963

X-4 Accounts receivableStart of year $1,220$4,716

X-9 Prepaid expenses and deferred chargesStart of year $13,315$13,675

X-10c Land, buildings and equipment, netStart of year $205,474$182,941

X-15 Other assetsStart of year $46,763$32,931

X-16 Total assetsStart of year $268,475$235,226

X-17 Accounts payable and accrued expensesStart of year $339,986$396,017

X-23 Secured mortgages and notes payableStart of year $554,986$539,688

X-25 Other liabilitiesStart of year $3,125$2,348

X-26 Total liabilitiesStart of year $898,097$938,053

X-27 Net assets without donor restrictionsStart of year −$629,622−$702,827

X-32 Total net assets or fund balancesStart of year −$629,622−$702,827

X-33 Total liabilities and net assetsStart of year $268,475$235,226

Part XI · Reconciliation of net assets −$702,827 net assets at year end

XI-1 Total revenue$174,654

XI-2 Total expenses$247,859

XI-3 Revenue less expenses−$73,205

XI-4 Net assets at start of year−$629,622

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$702,827

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

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McRc Housing INC FY2024 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 McRc Housing INC

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV