Impact Housing Development Ltd

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Provide elderly and handicapped Housing.

501(c)(3) charity; gifts are tax-deductible.
85¢ 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $58K a year · 7% of revenue · last 6 filings
A surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
0.4 mo
of spending, in cash
0.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.7M
157% of total assets
Liabilities are 157% of assets.
Pt X · Ln 26
Independent board members
1
of 3 voting members
1 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$973K
+3% vs prior year
Spent
$1.1M
To programs
85%
Net assets
−$1.3M
By yearFY2020–FY2025
Revenue
$973K
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$832K
FY2021$878K
FY2022$877K
FY2023$882K
FY2024$942K
FY2025$973K
Expenses
$1.1M
FY2025▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$889K
FY2021$914K
FY2022$911K
FY2023$937K
FY2024$988K
FY2025$1.1M
Net assets
−$1.3M
FY2025▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.1M
FY2021−$1.1M
FY2022−$1.1M
FY2023−$1.2M
FY2024−$1.2M
FY2025−$1.3M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1985.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $929K Management & general 15% · $166K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
President/CEO
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Impact Housing Development Ltd 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

Provides housing for elderly and handicapped individuals.

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1 program · $929K · in their own filed words · FY2025
01

Provide elderly and handicapped persons with housing facilities specially designed to meet their needs by operating a 103-UNIT housing facility.

$929Kprogram 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 Dec 2025 · $3.7M federal money spent
Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.1M
Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$586K

The auditor reported no findings.

Year ending Dec 2024 · $3.7M federal money spent
Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.2M
Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$569K

The auditor reported no findings.

Year ending Dec 2023 · $3.8M federal money spent
Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.2M
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$528K

The auditor reported no findings.

Year ending Dec 2022 · $3.9M federal money spent
Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.3M
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$555K

The auditor reported no findings.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$973K
Ln 12
Fees for servicesLn 2g$972K
Investment incomeLn 3$369
Money outPt IX
$1.1M
Ln 25
Programscol B$929K
Managementcol C$166K
Owns and owesPt X
−$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$2.4M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$972K
Investment incomeLn 3$369
Total revenueLn 12$973K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
Accounts receivableLn 4$494
Prepaid expenses and deferred chargesLn 9$61K
Land, buildings, equipmentLn 10c$1.9M
Intangible assetsLn 14$101K
Other assetsLn 15$265K
Total assetsLn 16$2.4M
LiabilitiesLn 26$3.7M
Net assetsLn 32−$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$42K$37K
Land, buildings, equipmentLn 10c$2.0M$1.9M
Total assetsLn 16$2.4M$2.4M
LiabilitiesLn 26$3.7M$3.7M
Net assetsLn 32−$1.2M−$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$160K$160K
Other employee benefitsLn 9$37K$37K
Payroll taxesLn 10$12K$12K
Management feesLn 11a$71K$71K
Legal feesLn 11b$443$443
Accounting feesLn 11c$38K$38K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$4K$4K
Information technologyLn 14$15K$15K
OccupancyLn 16$144K$144K
TravelLn 17$12K$12K
InterestLn 20$128K$128K
Depreciation, depletion and amortizationLn 22$127K$127K
InsuranceLn 23$124K$124K
Other expenses (24a–d)Ln 24$218K$189K$29K
Total functional expensesLn 25$1.1M$929K$166K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 17, 2026 $973K$1.1M−$122K−$1.3M 990 PDF
FY2024Filed with the IRS Nov 13, 2025 $942K$988K−$46K−$1.2M 990 PDF
FY2023Filed with the IRS Nov 11, 2024 $882K$937K−$55K−$1.2M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $877K$911K−$34K−$1.1M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $878K$914K−$36K−$1.1M 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $832K$889K−$58K−$1.1M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments J · Pay O · Explanations R · Related orgs
See the full FY2025 990
Part I · Summary $972,642 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $941,578$972,273
I-10 Investment incomePrior year $374$369
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $941,952$972,642
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 $201,707$208,400
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $786,246$886,088
I-18 Total expensesPrior year $987,953$1,094,488
I-19 Revenue less expensesPrior year −$46,001−$121,846
Part VI · Governance 1 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
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-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $972,642 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $972,273$972,273
VIII-3 Investment incomeExcluded from tax $369$369
VIII-12 Total revenueRelated to mission $972,273 · Unrelated business $0 · Excluded from tax $369$972,642
Part IX · Statement of functional expenses $1,094,488 across 15 lines filed
IX-7 Other salaries and wagesPrograms $160,142$160,142
IX-9 Other employee benefitsPrograms $36,508$36,508
IX-10 Payroll taxesPrograms $11,750$11,750
IX-11a Management feesManagement $70,642$70,642
IX-11b Legal feesPrograms $443$443
IX-11c Accounting feesManagement $38,136$38,136
IX-12 Advertising and promotionPrograms $4,173$4,173
IX-13 Office expensesPrograms $3,842$3,842
IX-14 Information technologyManagement $15,353$15,353
IX-16 OccupancyPrograms $144,318$144,318
IX-17 TravelManagement $12,312$12,312
IX-20 InterestPrograms $127,516$127,516
IX-22 Depreciation, depletion and amortizationPrograms $127,252$127,252
IX-23 InsurancePrograms $124,182$124,182
IX-24 Other expenses (24a–d)Programs $188,689 · Management $29,230$217,919
IX-25 Total functional expensesPrograms $928,815 · Management $165,673 · Fundraising $0$1,094,488
Part X · Balance sheet $2,374,795 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $41,659$36,518
X-4 Accounts receivable$494
X-9 Prepaid expenses and deferred chargesStart of year $60,013$61,170
X-10c Land, buildings and equipment, netStart of year $2,015,689$1,910,713
X-14 Intangible assetsStart of year $105,378$100,531
X-15 Other assetsStart of year $207,311$265,369
X-16 Total assetsStart of year $2,430,050$2,374,795
X-17 Accounts payable and accrued expensesStart of year $122,570$275,864
X-19 Deferred revenueStart of year $4,067$6,288
X-23 Secured mortgages and notes payableStart of year $3,068,810$2,981,290
X-25 Other liabilitiesStart of year $460,902$459,497
X-26 Total liabilitiesStart of year $3,656,349$3,722,939
X-27 Net assets without donor restrictionsStart of year −$1,226,299−$1,348,144
X-32 Total net assets or fund balancesStart of year −$1,226,299−$1,348,144
X-33 Total liabilities and net assetsStart of year $2,430,050$2,374,795
Part XI · Reconciliation of net assets −$1,348,144 net assets at year end
XI-1 Total revenue$972,642
XI-2 Total expenses$1,094,488
XI-3 Revenue less expenses−$121,846
XI-4 Net assets at start of year−$1,226,299
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,348,144

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

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