Freeway Homes FY2021 filing

Not tax-deductible

Kansas City, MO501(c)(4) EIN 43-1112009Revenue $578K in FY2021Latest return filed Aug 6, 2025

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

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Provide coop housing for low income people.

Form 990 Part I, line 1, FY2021. 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.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
88%
of spending
88% of spending went to programs.
Pt IX · Ln 25 · col B
12.6 mo
of spending, in cash
12.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
113% of total assets
Liabilities are 113% 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
$578K
+5% vs prior year
Spent
$561K
To programs
88%
Net assets
−$135K
By yearFY2020–FY2025
Revenue
$578K
FY2021▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$549K
FY2021$578K
FY2022$601K
FY2023$626K
FY2024$656K
FY2025$859K
Expenses
$561K
FY2021▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$491K
FY2021$561K
FY2022$523K
FY2023$582K
FY2024$580K
FY2025$742K
Net assets
−$135K
FY2021▲ +11%
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 FY2021 Form 990 (year ending April 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 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 Apr 1979.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $494K Management & general 12% · $68K

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.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$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.

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1 program · $494K · in their own filed words · FY2020
01

Provide coop housing for low income people

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 43-1112009) · Dispute this line
$494Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$578K
Ln 12
Fees for servicesLn 2g$578K
Investment incomeLn 3$377
Gifts and grantsLn 1h$272
Money outPt IX
$561K
Ln 25
Programscol B$494K
Managementcol C$68K
Owns and owesPt X
−$135K
net assets · Ln 32
Cash and savingsLn 1–2$589K
Total assetsLn 16$1.0M
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$272
Government grantsLn 1e$272
Fees for servicesLn 2g$578K
Investment incomeLn 3$377
Total revenueLn 12$578K
Assets in detailPt X, end of year
CashLn 1$22K
SavingsLn 2$567K
Cash and savings togetherLn 1–2$589K
Accounts receivableLn 4$3K
Prepaid expenses and deferred chargesLn 9$14K
Land, buildings, equipmentLn 10c$407K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.1M
Net assetsLn 32−$135K
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 FY21End FY21
Cash and savingsLn 1–2$565K$589K
Land, buildings, equipmentLn 10c$421K$407K
Total assetsLn 16$997K$1.0M
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32−$152K−$135K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$92K$85K$6K
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$6K$6K
Management feesLn 11a$45K$45K
Legal feesLn 11b$38$38
Accounting feesLn 11c$14K$14K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$17K$14K$3K
OccupancyLn 16$329K$329K
Conferences, conventions and meetingsLn 19$50$50
InterestLn 20$250$250
Depreciation, depletion and amortizationLn 22$40K$40K
InsuranceLn 23$5K$5K
Total functional expensesLn 25$561K$494K$68K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2021 ViewingFiled 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 FY2021 990
Part I · Summary $578,350 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$272
I-9 Program service revenuePrior year $546,743$577,701
I-10 Investment incomePrior year $2,216$377
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $548,959$578,350
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 $110,940$110,153
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $380,474$451,284
I-18 Total expensesPrior year $491,414$561,437
I-19 Revenue less expensesPrior year $57,545$16,913
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 $578,350 across 5 lines filed
VIII-1e Government grants$272
VIII-1h Total contributions, gifts and grants$272
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $577,701$577,701
VIII-3 Investment incomeExcluded from tax $377$377
VIII-12 Total revenueRelated to mission $577,701 · Unrelated business $0 · Excluded from tax $377$578,350
Part IX · Statement of functional expenses $561,437 across 13 lines filed
IX-7 Other salaries and wagesPrograms $85,300 · Management $6,384$91,684
IX-9 Other employee benefitsPrograms $11,985$11,985
IX-10 Payroll taxesPrograms $6,484$6,484
IX-11a Management feesManagement $44,542$44,542
IX-11b Legal feesManagement $38$38
IX-11c Accounting feesManagement $13,806$13,806
IX-12 Advertising and promotionPrograms $1,899$1,899
IX-13 Office expensesPrograms $14,310 · Management $2,838$17,148
IX-16 OccupancyPrograms $328,599$328,599
IX-19 Conferences, conventions and meetingsManagement $50$50
IX-20 InterestPrograms $250$250
IX-22 Depreciation, depletion and amortizationPrograms $40,018$40,018
IX-23 InsurancePrograms $4,934$4,934
IX-25 Total functional expensesPrograms $493,779 · Management $67,658 · Fundraising $0$561,437
Part X · Balance sheet $1,012,939 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $40,128$21,635
X-2 Savings and temporary cash investmentsStart of year $524,510$567,400
X-4 Accounts receivableStart of year $1,513$2,697
X-9 Prepaid expenses and deferred chargesStart of year $9,755$14,090
X-10c Land, buildings and equipment, netStart of year $421,408$407,117
X-16 Total assetsStart of year $997,314$1,012,939
X-17 Accounts payable and accrued expensesStart of year $19,303$20,377
X-19 Deferred revenueStart of year $759$1,752
X-23 Secured mortgages and notes payableStart of year $1,100,705$1,098,012
X-25 Other liabilitiesStart of year $28,871$28,209
X-26 Total liabilitiesStart of year $1,149,638$1,148,350
X-27 Net assets without donor restrictionsStart of year −$152,324−$135,411
X-32 Total net assets or fund balancesStart of year −$152,324−$135,411
X-33 Total liabilities and net assetsStart of year $997,314$1,012,939
Part XI · Reconciliation of net assets −$135,411 net assets at year end
XI-1 Total revenue$578,350
XI-2 Total expenses$561,437
XI-3 Revenue less expenses$16,913
XI-4 Net assets at start of year−$152,324
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$135,411

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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