Hermitage Housing Development INC FY2023 filing

Not tax-deductible

Preston, MO501(c)(4) EIN 43-1054969Revenue $74K in FY2023

On file with the IRS18314 US Highway 65, 65732-7683 · Preston, MOTax-exempt since Jul 1976

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The Housing Development provides low cost Housing to elderly and disabled. There are 16 units that are consistently filled.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
5 of 6
filings with a surplus
Average surplus $5K a year · 6% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
16 mo
of spending, in cash
Looks good: 16.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$32K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 9 voting members
Concern: none of 9 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$74K
+0.1% vs prior year
Spent
$75K
To programs
77%
Net assets
$100K
By yearFY2020–FY2025
Revenue
$74K
FY2023+0.1%
Tap a bar for its year
Revenue by fiscal year
FY2020$72K
FY2021$74K
FY2022$74K
FY2023$74K
FY2024$71K
FY2025$77K
Expenses
$75K
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$61K
FY2021$64K
FY2022$73K
FY2023$75K
FY2024$69K
FY2025$71K
Net assets
$100K
FY2023▼ -1.0%
Tap a bar for its year
Net assets by fiscal year
FY2020$89K
FY2021$99K
FY2022$101K
FY2023$100K
FY2024$102K
FY2025$108K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1976.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $58K Management & general 20% · $15K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Treasurer and Manager
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Shereece Defreece$11,400$11,400$12,200$7,800$7,800

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

Offers affordable housing for elderly and disabled individuals.

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1 program · in their own filed words · FY2023
01

The housing development provides low cost apartments for the elderly and disabled. There are 16 units that are consistently filled.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$74K
Ln 12
Fees for servicesLn 2g$72K
Investment incomeLn 3$3K
Money outPt IX
$75K
Ln 25
Programscol B$58K
Managementcol C$15K
Owns and owesPt X
$100K
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$132K
LiabilitiesLn 26$32K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$72K
Investment incomeLn 3$3K
Total revenueLn 12$74K
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$85K
Cash and savings togetherLn 1–2$102K
Land, buildings, equipmentLn 10c$31K
Total assetsLn 16$132K
LiabilitiesLn 26$32K
Net assetsLn 32$100K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$101K$102K
Land, buildings, equipmentLn 10c$33K$31K
Total assetsLn 16$134K$132K
LiabilitiesLn 26$33K$32K
Net assetsLn 32$101K$100K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$11K$11K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$252$252
Office expensesLn 13$249$249
OccupancyLn 16$57K$57K
Depreciation, depletion and amortizationLn 22$2K
Total functional expensesLn 25$75K$58K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $77K$71K$6K$108K 990 PDF
FY2024 $71K$69K$2K$102K 990 PDF
FY2023 Viewing $74K$75K−$990$100K 990 PDF
FY2022 $74K$73K$2K$101K 990 PDF
FY2021 $74K$64K$10K$99K 990 PDF
FY2020 $72K$61K$11K$89K 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 FY2023 990 (6 parts)
Part I · Summary $74,369 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $73,304$71,776
I-10 Investment incomePrior year $963$2,593
I-11 Other revenue$0
I-12 Total revenuePrior year $74,267$74,369
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 $72,648$75,359
I-18 Total expensesPrior year $72,648$75,359
I-19 Revenue less expensesPrior year $1,619−$990
Part VI · Governance 0 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members0
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $74,369 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $71,776$71,776
VIII-3 Investment income$2,593
VIII-12 Total revenueRelated to mission $71,776$74,369
Part IX · Statement of functional expenses $75,359 across 6 lines filed
IX-11a Management feesManagement $11,400$11,400
IX-11c Accounting feesManagement $4,018$4,018
IX-12 Advertising and promotionPrograms $252$252
IX-13 Office expensesPrograms $249$249
IX-16 OccupancyPrograms $57,262$57,262
IX-22 Depreciation, depletion and amortization$2,178
IX-25 Total functional expensesPrograms $57,763 · Management $15,418 · Fundraising $0$75,359
Part X · Balance sheet $132,463 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $18,003$16,891
X-2 Savings and temporary cash investmentsStart of year $83,346$84,922
X-10c Land, buildings and equipment, netStart of year $32,828$30,650
X-16 Total assetsStart of year $134,177$132,463
X-17 Accounts payable and accrued expensesStart of year $2,320$2,320
X-26 Total liabilitiesStart of year $32,934$32,210
X-32 Total net assets or fund balancesStart of year $101,243$100,253
X-33 Total liabilities and net assetsStart of year $134,177$132,463
Part XI · Reconciliation of net assets $100,253 net assets at year end
XI-1 Total revenue$74,369
XI-2 Total expenses$75,359
XI-3 Revenue less expenses−$990
XI-4 Net assets at start of year$101,243
XI-10 Net assets at end of year$100,253

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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