Make Old Things New INC FY2022 filing

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Helping people in distress & transition have a better quality of life

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1584741) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$45K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
FY2026
latest Form 990
The latest return is for FY2026, this tax year.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $74K a year · 35% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
87% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$45K
to officers and key staff · 29% of spending
Pay to officers and key staff is 29% of spending.
Part VII, Section A
3.4 mo
of spending, in cash
Plus $164K in investments, Pt X · Ln 11–13
3.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.3% of total assets
Liabilities are 0.3% 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
Revenue
$730K
Spent
$154K
To programs
87%
Net assets
$681K
By yearFY2022–FY2026
Revenue
$730K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$730K
FY2023$82K
FY2024$64K
FY2025$81K
FY2026$117K
Expenses
$154K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$154K
FY2023$146K
FY2024$143K
FY2025$118K
FY2026$140K
Net assets
$681K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$681K
FY2023$618K
FY2024$528K
FY2025$503K
FY2026$467K

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

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Sep 1988.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $135K Management & general 13% · $19K

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

4 people listed on the 990; $45K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$45,000Pt VII · Sec A
Secretary-Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2026FY2025FY2024FY2023FY2022
Karen Troyer—$28,500$45,000$45,000$45,000
Justin Stringfellow$27,000————

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.

See Make Old Things New INC 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

Empowering individuals facing hardship to improve their lives.

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3 programs · $113K · in their own filed words · FY2021
01

Client assistance with housing, transportation, food, health, education and other life expenses including crisis and emergency management.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1584741) · Dispute this line
$49Kprogram expense
02

Provide affordable housing for low income, disadvantaged, previously homeless individuals who have found it difficult or impossible to find other housing - due to personal histories, limited income, and prior rental histories.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1584741) · Dispute this line
$45Kprogram expense
03

Property Management

Maintenance, repair, remodeling, and moving headquarters from minneapolis to ST paul. This required finding appropriate help to manage remodeling projects which are currently being depreciated. Included in the costs for this year are just the management time required... Remodeling costs are included in property basis.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1584741) · Dispute this line
$18Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$4K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$730K
Ln 12
Other incomeLn 4–11$621K
Gifts and grantsLn 1h$64K
Fees for servicesLn 2g$39K
Money outPt IX
$154K
Ln 25
Programscol B$135K
Managementcol C$19K
Owns and owesPt X
$681K
net assets · Ln 32
Cash and savingsLn 1–2$43K
Total assetsLn 16$683K
LiabilitiesLn 26$2K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$64K
Fees for servicesLn 2g$39K
Investment incomeLn 3$5K
Other incomeLn 4–11$621K
Gains on assetsLn 7$621K
Total revenueLn 12$730K
Assets in detailPt X, end of year
CashLn 1$21K
SavingsLn 2$22K
Cash and savings togetherLn 1–2$43K
Prepaid expenses and deferred chargesLn 9$134
Land, buildings, equipmentLn 10c$475K
InvestmentsLn 11–13$164K
Total assetsLn 16$683K
LiabilitiesLn 26$2K
Net assetsLn 32$681K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderMay
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 FY22End FY22
Cash and savingsLn 1–2$28K$43K
InvestmentsLn 11–13$164K
Land, buildings, equipmentLn 10c$93K$475K
Total assetsLn 16$122K$683K
LiabilitiesLn 26$6K$2K
Net assetsLn 32$116K$681K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$40K$40K
Pay of officers and key staff (Part IX, line 5)Ln 5$45K$27K$18K
Other salaries and wagesLn 7$900$900
Payroll taxesLn 10$4K$2K$1K
Legal feesLn 11b$477$477
Other fees for servicesLn 11g$60$60
Office expensesLn 13$2K$2K$50
OccupancyLn 16$25K$25K
InterestLn 20$10$10
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$20K$20K
Total functional expensesLn 25$154K$135K$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 LatestFiled with the IRS Jul 21, 2026 $117K$140K−$23K$467K 990 PDF
FY2025Filed with the IRS Apr 7, 2026 $81K$118K−$37K$503K 990 PDF
FY2024Filed with the IRS Sep 11, 2024 $64K$143K−$80K$528K 990 PDF
FY2023Filed with the IRS May 8, 2024 $82K$146K−$63K$618K 990 PDF
FY2022 ViewingFiled with the IRS Jul 13, 2023 $730K$154K$576K$681K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $729,881 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $53,156$64,333
I-9 Program service revenuePrior year $84,713$39,135
I-10 Investment incomePrior year $22$626,413
I-11 Other revenue$0
I-12 Total revenuePrior year $137,891$729,881
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $48,698$40,075
I-15 Salaries and benefitsPrior year $49,411$49,411
I-16a Professional fundraising feesPrior year $1,453$0
I-17 Other expensesPrior year $62,652$64,854
I-18 Total expensesPrior year $162,214$154,340
I-19 Revenue less expensesPrior year −$24,323$575,541
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $729,881 across 6 lines filed
VIII-1f All other contributions, gifts and grants$64,333
VIII-1h Total contributions, gifts and grants$64,333
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,135$39,135
VIII-3 Investment incomeExcluded from tax $5,006$5,006
VIII-7 Net gain or loss on sales of assetsRelated to mission $620,073 · Excluded from tax $1,334$621,407
VIII-12 Total revenueRelated to mission $659,208 · Excluded from tax $6,340$729,881
Part IX · Statement of functional expenses $154,340 across 12 lines filed
IX-4 Benefits paid to or for membersPrograms $40,075$40,075
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $27,000 · Management $18,000$45,000
IX-7 Other salaries and wagesPrograms $900$900
IX-10 Payroll taxesPrograms $2,107 · Management $1,404$3,511
IX-11b Legal feesPrograms $477$477
IX-11g Other fees for servicesPrograms $60$60
IX-13 Office expensesPrograms $2,315 · Management $50$2,365
IX-16 OccupancyPrograms $25,331$25,331
IX-20 InterestManagement $10$10
IX-22 Depreciation, depletion and amortizationPrograms $11,145$11,145
IX-23 InsurancePrograms $5,450$5,450
IX-24 Other expenses (24a–d)Programs $20,016$20,016
IX-25 Total functional expensesPrograms $134,876 · Management $19,464 · Fundraising $0$154,340
Part X · Balance sheet $683,048 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $28,450$21,398
X-2 Savings and temporary cash investments$21,855
X-9 Prepaid expenses and deferred chargesStart of year $134$134
X-10c Land, buildings and equipment, netStart of year $92,926$475,490
X-11 Publicly traded securities$164,171
X-16 Total assetsStart of year $121,510$683,048
X-17 Accounts payable and accrued expensesStart of year $5,625$2,256
X-26 Total liabilitiesStart of year $5,625$2,256
X-31 Retained earnings or endowmentStart of year $115,885$680,792
X-32 Total net assets or fund balancesStart of year $115,885$680,792
X-33 Total liabilities and net assetsStart of year $121,510$683,048
Part XI · Reconciliation of net assets $680,792 net assets at year end
XI-1 Total revenue$729,881
XI-2 Total expenses$154,340
XI-3 Revenue less expenses$575,541
XI-4 Net assets at start of year$115,885
XI-5 Net unrealized gains (losses) on investments−$10,634
XI-10 Net assets at end of year$680,792

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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