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Shalom Tower Two INC

Tax-deductible

Mason City, IA501(c)(3)Since 1979 EIN 42-1135447Revenue $287K in FY2025

On file with the IRSgoodshepherdhealthcenter.org302 2nd St Ne, 50401-3412 · Mason City, IATax-exempt since Sep 1980Publicly supported — 509(a)(2)

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The organization provides rental housing and related facilities and service for elderly families in mason city, iowa.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $43K a year · 12% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
32 mo
of spending, in cash
Looks good: 31.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$116K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$287K
-8% vs prior year
Spent
$326K
To programs
62%
Net assets
$888K
By yearFY2020–FY2025
Revenue
$287K
FY2025▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$457K
FY2021$374K
FY2022$342K
FY2023$345K
FY2024$314K
FY2025$287K
Expenses
$326K
FY2025-0.02%
Tap a bar for its year
Expenses by fiscal year
FY2020$322K
FY2021$310K
FY2022$262K
FY2023$313K
FY2024$326K
FY2025$326K
Net assets
$888K
FY2025▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$764K
FY2021$828K
FY2022$907K
FY2023$939K
FY2024$927K
FY2025$888K

From the FY2025 Form 990 (year ending September 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1980.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $202K Management & general 38% · $124K

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

23 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Kimber Kleven
Administator
$0Pt VII · Sec A
$0Pt VII · Sec A
David Ruen
Vice Chair
$0Pt VII · Sec A
Mark Ebeling
Secretary/Treasurer
$0Pt VII · Sec A
Greg Braun
Director
$0Pt VII · Sec A
Connie Bleile
Director Thru 4/2025
$0Pt VII · Sec A
$0Pt VII · Sec A
See Shalom Tower Two INC executive salaries →

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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

Provides affordable apartments for elderly and disabled individuals.

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Provided by the organization

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1 program · $202K · in their own filed words · FY2024
01

Apartment rentals for elderly and disabled individuals (hud project) - 48 apts

$202Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$287K
Ln 12
Fees for servicesLn 2g$159K
Gifts and grantsLn 1h$120K
Other incomeLn 4–11$4K
Money outPt IX
$326K
Ln 25
Programscol B$202K
Managementcol C$124K
Owns and owesPt X
$888K
net assets · Ln 32
Cash and savingsLn 1–2$864K
Total assetsLn 16$1.0M
LiabilitiesLn 26$116K
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$120K
Government grantsLn 1e$120K
Fees for servicesLn 2g$159K
Investment incomeLn 3$3K
Other incomeLn 4–11$4K
Total revenueLn 12$287K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$853K
Cash and savings togetherLn 1–2$864K
Land, buildings, equipmentLn 10c$122K
Total assetsLn 16$1.0M
LiabilitiesLn 26$116K
Net assetsLn 32$888K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderSeptember
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$887K$864K
Land, buildings, equipmentLn 10c$115K$122K
Total assetsLn 16$1.0M$1.0M
LiabilitiesLn 26$87K$116K
Net assetsLn 32$927K$888K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$104K$47K$56K
Payroll taxesLn 10$4K$2K$2K
Management feesLn 11a$19K$19K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$17K$17K
Information technologyLn 14$5K$5K
OccupancyLn 16$109K$109K
Conferences, conventions and meetingsLn 19$475$475
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$24K$24K
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$326K$202K$124K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $287K$326K−$39K$888K 990 PDF
FY2024 $314K$326K−$12K$927K 990 PDF
FY2023 $345K$313K$31K$939K 990 PDF
FY2022 $342K$262K$80K$907K 990 PDF
FY2021 $374K$310K$63K$828K 990 PDF
FY2020 $457K$322K$135K$764K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $287,167 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $146,482$120,382
I-9 Program service revenuePrior year $165,467$159,328
I-10 Investment incomePrior year $1,639$3,013
I-11 Other revenuePrior year $0$4,444
I-12 Total revenuePrior year $313,588$287,167
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 $0$107,254
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $325,804$218,496
I-18 Total expensesPrior year $325,804$325,750
I-19 Revenue less expensesPrior year −$12,216−$38,583
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $287,167 across 6 lines filed
VIII-1e Government grants$120,382
VIII-1h Total contributions, gifts and grants$120,382
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $159,328$159,328
VIII-3 Investment incomeExcluded from tax $3,013$3,013
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,444$4,444
VIII-12 Total revenueRelated to mission $159,328 · Unrelated business $0 · Excluded from tax $7,457$287,167
Part IX · Statement of functional expenses $325,750 across 13 lines filed
IX-7 Other salaries and wagesPrograms $47,192 · Management $56,461$103,653
IX-10 Payroll taxesPrograms $1,640 · Management $1,961$3,601
IX-11a Management feesManagement $19,052$19,052
IX-11b Legal feesManagement $3,856$3,856
IX-11c Accounting feesManagement $7,691$7,691
IX-12 Advertising and promotionManagement $2,106$2,106
IX-13 Office expensesManagement $17,408$17,408
IX-14 Information technologyManagement $5,473$5,473
IX-16 OccupancyPrograms $108,968$108,968
IX-19 Conferences, conventions and meetingsManagement $475$475
IX-22 Depreciation, depletion and amortizationPrograms $19,704$19,704
IX-23 InsurancePrograms $24,259$24,259
IX-24 Other expenses (24a–d)Management $9,504$9,504
IX-25 Total functional expensesPrograms $201,763 · Management $123,987 · Fundraising $0$325,750
Part X · Balance sheet $1,003,978 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $39,471$11,460
X-2 Savings and temporary cash investmentsStart of year $847,985$852,842
X-4 Accounts receivableStart of year $10,698$14,132
X-9 Prepaid expenses and deferred chargesStart of year $49$3,133
X-10c Land, buildings and equipment, netStart of year $115,339$122,411
X-16 Total assetsStart of year $1,013,542$1,003,978
X-17 Accounts payable and accrued expensesStart of year $13,588$15,864
X-25 Other liabilitiesStart of year $73,386$100,129
X-26 Total liabilitiesStart of year $86,974$115,993
X-27 Net assets without donor restrictionsStart of year $926,568$887,985
X-32 Total net assets or fund balancesStart of year $926,568$887,985
X-33 Total liabilities and net assetsStart of year $1,013,542$1,003,978
Part XI · Reconciliation of net assets $887,985 net assets at year end
XI-1 Total revenue$287,167
XI-2 Total expenses$325,750
XI-3 Revenue less expenses−$38,583
XI-4 Net assets at start of year$926,568
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$887,985

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

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