Parc Residential Options FY2022 filing

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Provide housing for individuals with intellectual and developmental disabilities

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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 $21K a year · 20% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$102K
+5% vs prior year
Spent
$124K
To programs
80%
Net assets
$451K
By yearFY2020–FY2025
Revenue
$102K
FY2022▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$92K
FY2021$98K
FY2022$102K
FY2023$104K
FY2024$106K
FY2025$116K
Expenses
$124K
FY2022▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$117K
FY2021$121K
FY2022$124K
FY2023$117K
FY2024$128K
FY2025$137K
Net assets
$451K
FY2022▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$495K
FY2021$472K
FY2022$451K
FY2023$437K
FY2024$415K
FY2025$394K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 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 1995.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $99K Management & general 20% · $24K

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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Parc Residential Options 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers safe and supportive housing for people with intellectual and developmental disabilities.

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1 program · $99K · in their own filed words · FY2021
01

Parc Residential Options was established according to the requirements of the U.S. Department of HUD. The corporation operates four 4-bedroom group homes funded through a HUD 811 mortgage and a Section 8 rent subsidy.

$99Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$9K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $1.0M federal money spent
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$978K
Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$29K

The auditor reported no findings.

Year ending Jun 2024 · $1.0M federal money spent
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$978K
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$22K

The auditor reported no findings.

Year ending Jun 2023 · $1.0M federal money spent
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$978K
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$28K

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

Year ending Jun 2022 · $1.0M federal money spent
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$978K
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$30K

The auditor reported 2 findings: a weakness in money controls.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$102K
Ln 12
Fees for servicesLn 2g$98K
Gifts and grantsLn 1h$4K
Investment incomeLn 3$2
Money outPt IX
$124K
Ln 25
Programscol B$99K
Managementcol C$24K
Owns and owesPt X
$451K
net assets · Ln 32
Cash and savingsLn 1–2$33K
Total assetsLn 16$459K
LiabilitiesLn 26$8K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$98K
Investment incomeLn 3$2
Total revenueLn 12$102K
Assets in detailPt X, end of year
CashLn 1$418
SavingsLn 2$32K
Cash and savings togetherLn 1–2$33K
Prepaid expenses and deferred chargesLn 9$4K
Land, buildings, equipmentLn 10c$422K
Total assetsLn 16$459K
LiabilitiesLn 26$8K
Net assetsLn 32$451K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY22End FY22
Cash and savingsLn 1–2$26K$33K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$447K$422K
Total assetsLn 16$479K$459K
LiabilitiesLn 26$7K$8K
Net assetsLn 32$472K$451K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$14K$0$14K$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$9K$0$9K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$0$0$0$0
Information technologyLn 14$2K$0$2K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$53K$53K$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$33K$33K$0$0
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$12K$12K$0$0
All other expensesLn 24e$282$282$0$0
Total functional expensesLn 25$124K$99K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 25, 2026 $116K$137K−$21K$394K 990 PDF
FY2024Filed with the IRS Dec 18, 2024 $106K$128K−$22K$415K 990 PDF
FY2023Filed with the IRS Nov 29, 2023 $104K$117K−$13K$437K 990 PDF
FY2022 ViewingFiled with the IRS Nov 29, 2022 $102K$124K−$22K$451K 990 PDF
FY2021Filed with the IRS Jan 27, 2022 $98K$121K−$23K$472K 990 PDF
FY2020Filed with the IRS Jan 29, 2021 $92K$117K−$24K$495K 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 $102,356 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$4,000
I-9 Program service revenuePrior year $97,772$98,354
I-10 Investment incomePrior year $1$2
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $97,773$102,356
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 $120,527$123,950
I-18 Total expensesPrior year $120,527$123,950
I-19 Revenue less expensesPrior year −$22,754−$21,594
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $102,356 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$4,000
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$4,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $98,354 · Unrelated business $0 · Excluded from tax $0$98,354
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $2$2
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $98,354 · Unrelated business $0 · Excluded from tax $2$102,356
Part IX · Statement of functional expenses $123,950 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $13,681 · Fundraising $0$13,681
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $8,778 · Fundraising $0$8,778
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-14 Information technologyPrograms $0 · Management $2,033 · Fundraising $0$2,033
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $52,649 · Management $0 · Fundraising $0$52,649
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $32,865 · Management $0 · Fundraising $0$32,865
IX-23 InsurancePrograms $2,159$2,159
IX-24 Other expenses (24a–d)Programs $11,503 · Management $0 · Fundraising $0$11,503
IX-24e All other expensesPrograms $282 · Management $0 · Fundraising $0$282
IX-25 Total functional expensesPrograms $99,458 · Management $24,492 · Fundraising $0$123,950
Part X · Balance sheet $458,517 assets, 28 lines filed
X-1 Cash, non-interest-bearingStart of year $1,130$418
X-2 Savings and temporary cash investmentsStart of year $25,076$32,392
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $5,672$3,938
X-10c Land, buildings and equipment, netStart of year $447,229$421,769
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $479,107$458,517
X-17 Accounts payable and accrued expensesStart of year $4,463$4,548
X-18 Grants payable$0
X-19 Deferred revenue$0
X-20 Tax-exempt bond liabilities$0
X-21 Escrow or custodial accounts$0
X-22 Loans from officers and insiders$0
X-25 Other liabilitiesStart of year $2,526$3,445
X-26 Total liabilitiesStart of year $6,989$7,993
X-27 Net assets without donor restrictionsStart of year $472,118$450,524
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $472,118$450,524
X-33 Total liabilities and net assetsStart of year $479,107$458,517
Part XI · Reconciliation of net assets $450,524 net assets at year end
XI-1 Total revenue$102,356
XI-2 Total expenses$123,950
XI-3 Revenue less expenses−$21,594
XI-4 Net assets at start of year$472,118
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$450,524

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

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