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's' Elect Homes

IRS exemption revoked

Duluth, MN501(c)(4) EIN 41-0854545Revenue $40K in FY2022Latest filing we have: 2021. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSDuluth, MNTax-exempt since Aug 1964

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Provide elderly housing.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-0854545) · Dispute this line
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
The IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $17K a year · 18% of revenue · last 3 filings
A surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
98%
of spending
98% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
1.1 mo
of spending, in cash
1.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$70K
14% of total assets
Liabilities are 14% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$40K
-34% vs prior year
Spent
$70K
To programs
98%
Net assets
$449K
By yearFY2020–FY2022
Revenue
$40K
FY2022▼ -34%
Tap a bar for its year
Revenue by fiscal year
FY2020$176K
FY2021$61K
FY2022$40K
Expenses
$70K
FY2022▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$194K
FY2021$61K
FY2022$70K
Net assets
$449K
FY2022-0.2%
Tap a bar for its year
Net assets by fiscal year
FY2020$436K
FY2021$450K
FY2022$449K

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

990 PDF Support Claim
IRS revoked this organization's tax-exempt status on November 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing we have: FY2021. IRS ruling in Aug 1964.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $69K Management & general 2% · $1K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Sam Dugan
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Don Smith
Chairman
$0Pt VII · Sec A
See 's' Elect Homes 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

's' Elect Homes is a membership association based in Duluth, MN.

Questions for 's' Elect Homes

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1 program · $69K · in their own filed words · FY2021
01

Provide elderly housing.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-0854545) · Dispute this line
$69Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$40K
Ln 12
Fees for servicesLn 2g$38K
Other incomeLn 4–11$1K
Investment incomeLn 3$2
Money outPt IX
$70K
Ln 25
Programscol B$69K
Managementcol C$1K
Owns and owesPt X
$449K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$519K
LiabilitiesLn 26$70K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$38K
Investment incomeLn 3$2
Other incomeLn 4–11$1K
Total revenueLn 12$40K
Assets in detailPt X, end of year
CashLn 1$6K
Cash and savings togetherLn 1–2$6K
Land, buildings, equipmentLn 10c$513K
Total assetsLn 16$519K
LiabilitiesLn 26$70K
Net assetsLn 32$449K
OperationsPt I, VI
EmployeesI 50
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
LineStart FY22End FY22
Cash and savingsLn 1–2$13K$6K
Land, buildings, equipmentLn 10c$537K$513K
Total assetsLn 16$550K$519K
LiabilitiesLn 26$100K$70K
Net assetsLn 32$450K$449K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$750$750
Accounting feesLn 11c$500$500
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$25K$25K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$30K$30K
Total functional expensesLn 25$70K$69K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Dec 6, 2022 $40K$70K−$30K$449K 990 PDF
FY2021Filed with the IRS Dec 1, 2021 $61K$61K−$848$450K 990 PDF
FY2020Filed with the IRS May 12, 2021 $176K$194K−$19K$436K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $39,771 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $60,291$38,500
I-10 Investment incomePrior year $23$2
I-11 Other revenuePrior year $319$1,269
I-12 Total revenuePrior year $60,633$39,771
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $61,481$70,053
I-18 Total expensesPrior year $61,481$70,053
I-19 Revenue less expensesPrior year −$848−$30,282
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $39,771 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $38,500$38,500
VIII-3 Investment incomeExcluded from tax $2$2
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,269$1,269
VIII-12 Total revenueRelated to mission $39,769 · Excluded from tax $2$39,771
Part IX · Statement of functional expenses $70,053 across 6 lines filed
IX-11b Legal feesManagement $750$750
IX-11c Accounting feesManagement $500$500
IX-20 InterestPrograms $3,970$3,970
IX-22 Depreciation, depletion and amortizationPrograms $24,811$24,811
IX-23 InsurancePrograms $9,873$9,873
IX-24 Other expenses (24a–d)Programs $30,149$30,149
IX-25 Total functional expensesPrograms $68,803 · Management $1,250 · Fundraising $0$70,053
Part X · Balance sheet $518,981 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $12,749$6,441
X-10c Land, buildings and equipment, netStart of year $537,351$512,540
X-16 Total assetsStart of year $550,100$518,981
X-17 Accounts payable and accrued expensesStart of year $32,600$36,765
X-24 Unsecured notes and loans payable$33,440
X-26 Total liabilitiesStart of year $100,251$70,205
X-27 Net assets without donor restrictionsStart of year $449,849$448,776
X-32 Total net assets or fund balancesStart of year $449,849$448,776
X-33 Total liabilities and net assetsStart of year $550,100$518,981
Part XI · Reconciliation of net assets $448,776 net assets at year end
XI-1 Total revenue$39,771
XI-2 Total expenses$70,053
XI-3 Revenue less expenses−$30,282
XI-4 Net assets at start of year$449,849
XI-8 Prior period adjustments$29,209
XI-10 Net assets at end of year$448,776

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

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