Is it real?
Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Nov 2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
47 cents of each dollar spent went to programs.
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; $55K paid to officers and key staff.
Marlon Moore’s $92K as Executive Director is at the 27th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2020 |
|---|---|---|---|---|
| Marlon Moore | $92,050 | — | — | — |
| Kessa Ford | $60,880 | $38,098 | $21,750 | $15,500 |
| Courtney McAfee | — | $20,708 | $13,507 | $30,000 |
| Jerry McAfee | — | — | — | $9,500 |
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
Builds homes and fosters economic growth through construction projects.
Questions for Salem INC
Your first name shows with your question. Salem INC answers here, for everyone.
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Salem, Inc restor, revive and renovtion program is an community construction rehab initiatives that focus on restoring foreclose homes in the Twin Cities. Salem, Inc partners with several local and county programs to restore homes and get them back in the market to create sufficient housing.
Salem, Inc provides rental properties to help individualt qualify for housing. We take the challenge tenant and lease housing to them but also train and prepar them to undertstand financial literacy to achieve the goal of being more productive with their financials and a homeowner.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $34K | $17K |
| Land, buildings, equipmentLn 10c | $259K | $1.2M |
| Total assetsLn 16 | $293K | $1.2M |
| LiabilitiesLn 26 | $67K | $766K |
| Net assetsLn 32 | $227K | $434K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $56K | $56K | ||
| Management feesLn 11a | $4K | $4K | ||
| Legal feesLn 11b | $6K | $6K | ||
| Accounting feesLn 11c | $500 | $500 | ||
| Office expensesLn 13 | $267 | $267 | ||
| Information technologyLn 14 | $2K | $2K | ||
| OccupancyLn 16 | $10K | $10K | ||
| TravelLn 17 | $4K | $4K | ||
| Conferences, conventions and meetingsLn 19 | $3K | $3K | ||
| InterestLn 20 | $29K | $29K | ||
| Depreciation, depletion and amortizationLn 22 | $15K | $15K | ||
| Other expenses (24a–d)Ln 24 | $106K | $106K | ||
| Total functional expensesLn 25 | $236K | $110K | $125K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $2.5M | $2.4M | $97K | $1.1M | 990 PDF |
| FY2023 | $841K | $766K | $75K | $1.1M | 990 PDF |
| FY2022 | $521K | $462K | $60K | $731K | 990 PDF |
| FY2021 | $306K | $222K | $84K | $220K | 990 PDF |
| FY2020 Viewing | $252K | $236K | $16K | $434K | 990 PDF |
| FY2019 | $351K | $290K | $60K | $227K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $251,766 revenue, 12 lines filed
Part VI · Governance 0 of 3 board members independent, 4 to look at
Part VIII · Statement of revenue $251,766 across 6 lines filed
Part IX · Statement of functional expenses $235,538 across 12 lines filed
Part X · Balance sheet $1,200,236 assets, 8 lines filed
Part XI · Reconciliation of net assets $434,173 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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