Make Old Things New INC FY2024 filing

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

Form 990 Part I, line 1, FY2024. 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.
85¢ 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

FY2024 · 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
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$45K
to officers and key staff · 31% of spending
Pay to officers and key staff is 31% of spending.
Part VII, Section A
7.2 mo
of spending, in cash
7.2 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
0.4% of total assets
Liabilities are 0.4% of assets.
Pt X · Ln 26
Independent board members
3
of 4 voting members
3 of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$64K
-22% vs prior year
Spent
$143K
To programs
85%
Net assets
$528K
By yearFY2022–FY2026
Revenue
$64K
FY2024▼ -22%
Tap a bar for its year
Revenue by fiscal year
FY2022$730K
FY2023$82K
FY2024$64K
FY2025$81K
FY2026$117K
Expenses
$143K
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2022$154K
FY2023$146K
FY2024$143K
FY2025$118K
FY2026$140K
Net assets
$528K
FY2024▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2022$681K
FY2023$618K
FY2024$528K
FY2025$503K
FY2026$467K

From the FY2024 Form 990 (year ending May 2024) · see the original

You’re viewing the FY2024 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

85 cents of each dollar spent went to programs.

Program services 85% · $122K Management & general 15% · $21K

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
$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 2Yes
  • 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 · $112K · in their own filed words · FY2023
01

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

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1584741) · Dispute this line
$42Kprogram 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, or prior rental histories.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1584741) · Dispute this line
$38Kprogram expense
03

Property & Program Management

Maintenance, repair, remodeling management and consulting. Also program development to provide client services with new executive officers in training.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1584741) · Dispute this line
$32Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$64K
Ln 12
Gifts and grantsLn 1h$36K
Other incomeLn 4–11$26K
Investment incomeLn 3$2K
Money outPt IX
$143K
Ln 25
Programscol B$122K
Managementcol C$21K
Owns and owesPt X
$528K
net assets · Ln 32
Cash and savingsLn 1–2$86K
Total assetsLn 16$530K
LiabilitiesLn 26$2K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$36K
Investment incomeLn 3$2K
Other incomeLn 4–11$26K
Total revenueLn 12$64K
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$80K
Cash and savings togetherLn 1–2$86K
Prepaid expenses and deferred chargesLn 9$134
Land, buildings, equipmentLn 10c$444K
Total assetsLn 16$530K
LiabilitiesLn 26$2K
Net assetsLn 32$528K
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 FY24End FY24
Cash and savingsLn 1–2$160K$86K
Land, buildings, equipmentLn 10c$460K$444K
Total assetsLn 16$620K$530K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$618K$528K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
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
Other fees for servicesLn 11g$2K$2K$199
Office expensesLn 13$2K$2K
OccupancyLn 16$22K$22K
InterestLn 20$78$78
Depreciation, depletion and amortizationLn 22$16K$16K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$46K$47K−$432
Total functional expensesLn 25$143K$122K$21K$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
FY2024 ViewingFiled 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
FY2022Filed 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 FY2024 990
Part I · Summary $63,959 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $37,000$36,068
I-9 Program service revenue$0
I-10 Investment incomePrior year $7,760$1,670
I-11 Other revenuePrior year $37,655$26,221
I-12 Total revenuePrior year $82,415$63,959
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $49,411$49,411
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $96,254$94,058
I-18 Total expensesPrior year $145,665$143,469
I-19 Revenue less expensesPrior year −$63,250−$79,510
Part VI · Governance 3 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $63,959 across 5 lines filed
VIII-1f All other contributions, gifts and grants$36,068
VIII-1h Total contributions, gifts and grants$36,068
VIII-3 Investment incomeExcluded from tax $1,670$1,670
VIII-6 Net rental income or lossRelated to mission $26,221$26,221
VIII-12 Total revenueRelated to mission $26,221 · Excluded from tax $1,670$63,959
Part IX · Statement of functional expenses $143,469 across 10 lines filed
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 $2,134 · Management $1,377$3,511
IX-11g Other fees for servicesPrograms $1,680 · Management $199$1,879
IX-13 Office expensesManagement $2,118$2,118
IX-16 OccupancyPrograms $22,366$22,366
IX-20 InterestManagement $78$78
IX-22 Depreciation, depletion and amortizationPrograms $15,910$15,910
IX-23 InsurancePrograms $5,503$5,503
IX-24 Other expenses (24a–d)Programs $46,636 · Management −$432$46,204
IX-25 Total functional expensesPrograms $122,129 · Management $21,340 · Fundraising $0$143,469
Part X · Balance sheet $530,298 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $6,209$6,957
X-2 Savings and temporary cash investmentsStart of year $153,784$79,537
X-9 Prepaid expenses and deferred chargesStart of year $134$134
X-10c Land, buildings and equipment, netStart of year $459,580$443,670
X-16 Total assetsStart of year $619,707$530,298
X-17 Accounts payable and accrued expensesStart of year $2,165$2,165
X-26 Total liabilitiesStart of year $2,165$2,165
X-31 Retained earnings or endowmentStart of year $617,542$528,133
X-32 Total net assets or fund balancesStart of year $617,542$528,133
X-33 Total liabilities and net assetsStart of year $619,707$530,298
Part XI · Reconciliation of net assets $528,133 net assets at year end
XI-1 Total revenue$63,959
XI-2 Total expenses$143,469
XI-3 Revenue less expenses−$79,510
XI-4 Net assets at start of year$617,542
XI-8 Prior period adjustments−$9,899
XI-10 Net assets at end of year$528,133

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

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