Calvary Housing Development Limited

Tax-deductible

Milwaukee, WI501(c)(3)HousingEIN 39-1240728Revenue $594K in FY2024

On file with the IRS3161 N Martin Luther King Dr, 53212-1970 · Milwaukee, WITax-exempt since Jan 1977Publicly supported charity — 170(b)(1)(A)(vi)

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Low cost Housing to the elderly and handicapped

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $34K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
74% of total assets
Worth a look: liabilities are 74% of assets; over 65%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$594K
-2% vs prior year
Spent
$599K
To programs
93%
Net assets
$471K
By yearFY2020–FY2024
Revenue
$594K
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$577K
FY2021$611K
FY2022$600K
FY2023$607K
FY2024$594K
Expenses
$599K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$537K
FY2021$533K
FY2022$590K
FY2023$559K
FY2024$599K
Net assets
$471K
FY2024▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$340K
FY2021$418K
FY2022$428K
FY2023$476K
FY2024$471K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1977.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $555K Management & general 7% · $45K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Calvary Housing Development Limited 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

Programs and updates

Provides affordable housing for seniors and people with disabilities.

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Provided by the organization

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1 program · $555K · in their own filed words · FY2024
01

Provide 70 units of low cost housing to the elderly and handicapped

$555Kprogram 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$30K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$594K
Ln 12
Gifts and grantsLn 1h$367K
Fees for servicesLn 2g$226K
Investment incomeLn 3$749
Money outPt IX
$599K
Ln 25
Programscol B$555K
Managementcol C$45K
Owns and owesPt X
$471K
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$1.8M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$367K
Government grantsLn 1e$367K
Fees for servicesLn 2g$226K
Investment incomeLn 3$749
Gains on assetsLn 7$0
Total revenueLn 12$594K
Assets in detailPt X, end of year
CashLn 1$113K
SavingsLn 2$0
Cash and savings togetherLn 1–2$113K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$437K
Other assetsLn 15$1.1M
Total assetsLn 16$1.8M
LiabilitiesLn 26$1.4M
Net assetsLn 32$471K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$51K$113K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$401K$437K
Total assetsLn 16$1.6M$1.8M
LiabilitiesLn 26$1.1M$1.4M
Net assetsLn 32$476K$471K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$46K$46K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$19K$19K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$18K$7K$12K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$61K$61K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$34K$34K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$24K$24K
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$358K$331K$27K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$599K$555K$45K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $594K$599K−$5K$471K 990 PDF
FY2023 $607K$559K$48K$476K 990 PDF
FY2022 $600K$590K$10K$428K 990 PDF
FY2021 $611K$533K$78K$418K 990 PDF
FY2020 $577K$537K$40K$340K 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 FY2024 990 (6 parts)
Part I · Summary $594,030 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $394,010$367,245
I-9 Program service revenuePrior year $212,311$226,036
I-10 Investment incomePrior year $646$749
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $606,967$594,030
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 $559,167$599,159
I-18 Total expensesPrior year $559,167$599,159
I-19 Revenue less expensesPrior year $47,800−$5,129
Part VI · Governance no flags
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
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
Part VIII · Statement of revenue $594,030 across 9 lines filed
VIII-1e Government grants$367,245
VIII-1h Total contributions, gifts and grants$367,245
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $226,036$226,036
VIII-3 Investment incomeRelated to mission $749$749
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $226,785$594,030
Part IX · Statement of functional expenses $599,159 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $46,045$46,045
IX-11b Legal feesPrograms $2,124$2,124
IX-11c Accounting feesPrograms $19,125$19,125
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $6,763 · Management $11,724$18,487
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $60,954$60,954
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $34,427$34,427
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $23,993$23,993
IX-23 InsurancePrograms $30,490$30,490
IX-24 Other expenses (24a–d)Programs $330,655 · Management $27,106$357,761
IX-24e All other expensesManagement $5,753$5,753
IX-25 Total functional expensesPrograms $554,576 · Management $44,583 · Fundraising $0$599,159
Part X · Balance sheet $1,835,350 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $51,470$113,227
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $6,795$11,249
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $8,038$203,483
X-10c Land, buildings and equipment, netStart of year $400,785$436,531
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $18,807$18,027
X-15 Other assetsStart of year $1,091,244$1,052,833
X-16 Total assetsStart of year $1,577,139$1,835,350
X-17 Accounts payable and accrued expensesStart of year $8,111$303,657
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $2,434$4,240
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $17,523$15,073
X-26 Total liabilitiesStart of year $1,100,905$1,364,245
X-27 Net assets without donor restrictionsStart of year $476,234$471,105
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $476,234$471,105
X-33 Total liabilities and net assetsStart of year $1,577,139$1,835,350
Part XI · Reconciliation of net assets $471,105 net assets at year end
XI-1 Total revenue$594,030
XI-2 Total expenses$599,159
XI-3 Revenue less expenses−$5,129
XI-4 Net assets at start of year$476,234
XI-10 Net assets at end of year$471,105

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

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