Racor INC FY2024 filing

Tax-deductible

Eau Claire, WI501(c)(3)EIN 39-1501522Revenue $195K in FY2024

On file with the IRSstjohnhousing.comPo Box 720, 54702-0720 · Eau Claire, WITax-exempt since Jun 1985Publicly supported — 509(a)(2)

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Provide housing for the elderly.

501(c)(3) charity; gifts are tax-deductible.
84¢ 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
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
6 of 6
filings with a surplus
Average surplus $38K a year · 19% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$26K
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
$195K
+9% vs prior year
Spent
$147K
To programs
84%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$195K
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$212K
FY2021$219K
FY2022$215K
FY2023$179K
FY2024$195K
FY2025$200K
Expenses
$147K
FY2024▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$170K
FY2021$168K
FY2022$172K
FY2023$158K
FY2024$147K
FY2025$176K
Net assets
$1.1M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$923K
FY2021$951K
FY2022$994K
FY2023$1.0M
FY2024$1.1M
FY2025$1.1M

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 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 Jun 1985.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $124K Management & general 16% · $23K

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
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Marlo a Orth$7,740$30,000$30,000$40,735

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 safe and affordable housing for seniors.

Provided by the organization

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1 program · $124K · in their own filed words · FY2024
01

To provide housing for the elderly.

$124Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$195K
Ln 12
Fees for servicesLn 2g$167K
Investment incomeLn 3$28K
Money outPt IX
$147K
Ln 25
Programscol B$124K
Managementcol C$23K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$1.1M
LiabilitiesLn 26$26K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$167K
Investment incomeLn 3$28K
Total revenueLn 12$195K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$23K
Cash and savings togetherLn 1–2$23K
InvestmentsLn 11–13$705K
Land, buildings, equipmentLn 10c$338K
Other assetsLn 15$12K
Total assetsLn 16$1.1M
LiabilitiesLn 26$26K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 52
VolunteersI 62
Fiscal year endsHeaderDecember
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
LineStart FY24End FY24
Cash and savingsLn 1–2$638K$23K
InvestmentsLn 11–13$705K
Land, buildings, equipmentLn 10c$375K$338K
Total assetsLn 16$1.0M$1.1M
LiabilitiesLn 26$22K$26K
Net assetsLn 32$1.0M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$17K$17K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$2K$2K
OccupancyLn 16$16K$16K
Depreciation, depletion and amortizationLn 22$37K$37K
Other expenses (24a–d)Ln 24$71K$71K
Total functional expensesLn 25$147K$124K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $200K$176K$24K$1.1M 990 PDF
FY2024 Viewing $195K$147K$48K$1.1M 990 PDF
FY2023 $179K$158K$20K$1.0M 990 PDF
FY2022 $215K$172K$43K$994K 990 PDF
FY2021 $219K$168K$51K$951K 990 PDF
FY2020 $212K$170K$43K$923K 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 $195,246 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $162,073$167,229
I-10 Investment incomePrior year $16,444$28,017
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $178,517$195,246
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 $17,099$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $141,076$147,052
I-18 Total expensesPrior year $158,175$147,052
I-19 Revenue less expensesPrior year $20,342$48,194
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $195,246 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $167,229$167,229
VIII-3 Investment incomeExcluded from tax $28,017$28,017
VIII-12 Total revenueRelated to mission $167,229 · Unrelated business $0 · Excluded from tax $28,017$195,246
Part IX · Statement of functional expenses $147,052 across 6 lines filed
IX-11a Management feesManagement $17,436$17,436
IX-11c Accounting feesManagement $3,160$3,160
IX-13 Office expensesManagement $2,383$2,383
IX-16 OccupancyPrograms $16,339$16,339
IX-22 Depreciation, depletion and amortizationPrograms $36,998$36,998
IX-24 Other expenses (24a–d)Programs $70,736$70,736
IX-25 Total functional expensesPrograms $124,073 · Management $22,979 · Fundraising $0$147,052
Part X · Balance sheet $1,088,225 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $121,256$0
X-2 Savings and temporary cash investmentsStart of year $516,900$22,699
X-4 Accounts receivable$434
X-9 Prepaid expenses and deferred chargesStart of year $10,703$9,889
X-10c Land, buildings and equipment, netStart of year $375,076$338,078
X-11 Publicly traded securities$705,391
X-15 Other assetsStart of year $12,940$11,734
X-16 Total assetsStart of year $1,036,875$1,088,225
X-17 Accounts payable and accrued expensesStart of year $9,958$11,895
X-19 Deferred revenueStart of year $546$1,990
X-26 Total liabilitiesStart of year $22,463$25,619
X-32 Total net assets or fund balancesStart of year $1,014,412$1,062,606
X-33 Total liabilities and net assetsStart of year $1,036,875$1,088,225
Part XI · Reconciliation of net assets $1,062,606 net assets at year end
XI-1 Total revenue$195,246
XI-2 Total expenses$147,052
XI-3 Revenue less expenses$48,194
XI-4 Net assets at start of year$1,014,412
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,062,606

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

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