Freeway Homes

Not tax-deductible

Kansas City, MO501(c)(4) EIN 43-1112009Revenue $859K in FY2025Latest return filed Aug 6, 2025

On file with the IRSKansas City, MOTax-exempt since Apr 1979

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $500 a year.

How does your 990 look to donors? Take the 10-Question Audit

Provide coop housing for low income people.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 43-1112009) · Dispute this line
501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
85¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $65K a year · 10% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
2.5 mo
of spending, in cash
2.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
86% of total assets
Liabilities are 86% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$859K
+31% vs prior year
Spent
$742K
To programs
85%
Net assets
$179K
By yearFY2020–FY2025
Revenue
$859K
FY2025▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$549K
FY2021$578K
FY2022$601K
FY2023$626K
FY2024$656K
FY2025$859K
Expenses
$742K
FY2025▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020$491K
FY2021$561K
FY2022$523K
FY2023$582K
FY2024$580K
FY2025$742K
Net assets
$179K
FY2025▲ +189%
Tap a bar for its year
Net assets by fiscal year
FY2020−$152K
FY2021−$135K
FY2022−$57K
FY2023−$14K
FY2024$62K
FY2025$179K

From the FY2025 Form 990 (year ending April 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1979.

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% · $628K Management & general 15% · $114K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Freeway Homes 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

Offers cooperative housing for low-income individuals and families.

Questions for Freeway Homes

Tap to ask. Freeway Homes sees how many people are interested.

Your first name shows with your question. Freeway Homes answers here, for everyone.

1 program · $628K · in their own filed words · FY2024
01

Freeway homes, inc was organized to acquire an interest in real property located in kansas city, missouri, and to construct and operate an apartment complex of 64 units. The project is regulated by the U.S.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 43-1112009) · Dispute this line
$628Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$859K
Ln 12
Gifts and grantsLn 1h$480K
Fees for servicesLn 2g$361K
Investment incomeLn 3$18K
Money outPt IX
$742K
Ln 25
Programscol B$628K
Managementcol C$114K
Owns and owesPt X
$179K
net assets · Ln 32
Cash and savingsLn 1–2$155K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$480K
Government grantsLn 1e$480K
Fees for servicesLn 2g$361K
Investment incomeLn 3$18K
Total revenueLn 12$859K
Assets in detailPt X, end of year
CashLn 1$155K
Cash and savings togetherLn 1–2$155K
Pledges and grants receivableLn 3$2K
Accounts receivableLn 4$5K
Prepaid expenses and deferred chargesLn 9$26K
Land, buildings, equipmentLn 10c$349K
Other assetsLn 15$784K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.1M
Net assetsLn 32$179K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderApril
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$36K$155K
Land, buildings, equipmentLn 10c$394K$349K
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32$62K$179K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$121K$121K
Pension plan contributionsLn 8$1K$1K
Other employee benefitsLn 9$18K$18K
Payroll taxesLn 10$9K$9K
Management feesLn 11a$58K$58K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$14K$14K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$15K$2K$14K
Information technologyLn 14$8K$316$8K
OccupancyLn 16$410K$394K$16K
Conferences, conventions and meetingsLn 19$3K$947$2K
InterestLn 20$33K$33K
Depreciation, depletion and amortizationLn 22$46K$46K
InsuranceLn 23$231$231
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$742K$628K$114K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 6, 2025 $859K$742K$117K$179K 990 PDF
FY2024Filed with the IRS Sep 17, 2024 $656K$580K$76K$62K 990 PDF
FY2023Filed with the IRS Mar 13, 2024 $626K$582K$43K−$14K 990 PDF
FY2022Filed with the IRS Mar 13, 2023 $601K$523K$78K−$57K 990 PDF
FY2021Filed with the IRS Oct 4, 2021 $578K$561K$17K−$135K 990 PDF
FY2020Filed with the IRS Mar 12, 2021 $549K$491K$58K−$152K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $859,145 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $262,140$480,236
I-9 Program service revenuePrior year $375,931$361,040
I-10 Investment incomePrior year $17,871$17,869
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $655,942$859,145
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 $118,972$149,662
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $461,427$592,520
I-18 Total expensesPrior year $580,399$742,182
I-19 Revenue less expensesPrior year $75,543$116,963
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $859,145 across 5 lines filed
VIII-1e Government grants$480,236
VIII-1h Total contributions, gifts and grants$480,236
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $361,040$361,040
VIII-3 Investment incomeExcluded from tax $17,869$17,869
VIII-12 Total revenueRelated to mission $361,040 · Unrelated business $0 · Excluded from tax $17,869$859,145
Part IX · Statement of functional expenses $742,182 across 16 lines filed
IX-7 Other salaries and wagesPrograms $121,117$121,117
IX-8 Pension plan contributionsPrograms $1,024$1,024
IX-9 Other employee benefitsPrograms $18,269$18,269
IX-10 Payroll taxesPrograms $9,252$9,252
IX-11a Management feesManagement $57,601$57,601
IX-11b Legal feesManagement $1,474$1,474
IX-11c Accounting feesManagement $13,678$13,678
IX-12 Advertising and promotionManagement $2,291$2,291
IX-13 Office expensesPrograms $1,557 · Management $13,721$15,278
IX-14 Information technologyPrograms $316 · Management $7,635$7,951
IX-16 OccupancyPrograms $394,150 · Management $16,037$410,187
IX-19 Conferences, conventions and meetingsPrograms $947 · Management $1,642$2,589
IX-20 InterestPrograms $32,923$32,923
IX-22 Depreciation, depletion and amortizationPrograms $46,106$46,106
IX-23 InsurancePrograms $231$231
IX-24 Other expenses (24a–d)Programs $2,211$2,211
IX-25 Total functional expensesPrograms $628,103 · Management $114,079 · Fundraising $0$742,182
Part X · Balance sheet $1,321,280 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $35,922$155,311
X-3 Pledges and grants receivableStart of year $1,136$1,878
X-4 Accounts receivableStart of year $5,438$5,041
X-9 Prepaid expenses and deferred chargesStart of year $25,219$26,318
X-10c Land, buildings and equipment, netStart of year $393,909$349,170
X-15 Other assetsStart of year $746,421$783,562
X-16 Total assetsStart of year $1,208,045$1,321,280
X-17 Accounts payable and accrued expensesStart of year $26,273$28,196
X-18 Grants payableStart of year $9,374$5,973
X-23 Secured mortgages and notes payableStart of year $1,089,381$1,086,312
X-25 Other liabilitiesStart of year $21,034$21,853
X-26 Total liabilitiesStart of year $1,146,062$1,142,334
X-27 Net assets without donor restrictionsStart of year $61,983$178,946
X-32 Total net assets or fund balancesStart of year $61,983$178,946
X-33 Total liabilities and net assetsStart of year $1,208,045$1,321,280
Part XI · Reconciliation of net assets $178,946 net assets at year end
XI-1 Total revenue$859,145
XI-2 Total expenses$742,182
XI-3 Revenue less expenses$116,963
XI-4 Net assets at start of year$61,983
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$178,946

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

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.