Freeway Homes FY2023 filing

Not tax-deductible

Kansas City, MO501(c)(4) EIN 43-1112009Revenue $626K in FY2023Latest 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, FY2023. 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.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
82%
of spending
82% of spending went to programs.
Pt IX · Ln 25 · col B
1.7 mo
of spending, in cash
1.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
101% of total assets
Liabilities are 101% 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
$626K
+4% vs prior year
Spent
$582K
To programs
82%
Net assets
−$14K
By yearFY2020–FY2025
Revenue
$626K
FY2023▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$549K
FY2021$578K
FY2022$601K
FY2023$626K
FY2024$656K
FY2025$859K
Expenses
$582K
FY2023▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$491K
FY2021$561K
FY2022$523K
FY2023$582K
FY2024$580K
FY2025$742K
Net assets
−$14K
FY2023▲ +76%
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 FY2023 Form 990 (year ending April 2023) · figures checked against the IRS filing · see the original

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 Apr 1979.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $479K Management & general 18% · $103K

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
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 · $479K · in their own filed words · FY2022
01

Provide coop housing for low income people

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 43-1112009) · Dispute this line
$479Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$626K
Ln 12
Fees for servicesLn 2g$623K
Investment incomeLn 3$2K
Money outPt IX
$582K
Ln 25
Programscol B$479K
Managementcol C$103K
Owns and owesPt X
−$14K
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$1.1M
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
Fees for servicesLn 2g$623K
Investment incomeLn 3$2K
Total revenueLn 12$626K
Assets in detailPt X, end of year
CashLn 1$81K
Cash and savings togetherLn 1–2$81K
Accounts receivableLn 4$10K
Prepaid expenses and deferred chargesLn 9$11K
Land, buildings, equipmentLn 10c$389K
Other assetsLn 15$645K
Total assetsLn 16$1.1M
LiabilitiesLn 26$1.1M
Net assetsLn 32−$14K
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 FY23End FY23
Cash and savingsLn 1–2$75K$81K
Land, buildings, equipmentLn 10c$395K$389K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$1.2M$1.1M
Net assetsLn 32−$57K−$14K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$111K$111K
Other employee benefitsLn 9$11K$11K
Payroll taxesLn 10$7K$7K
Legal feesLn 11b$13$13
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$47K$47K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$22K$22K
OccupancyLn 16$96K$96K
Conferences, conventions and meetingsLn 19$620$620
InterestLn 20$39K$39K
Depreciation, depletion and amortizationLn 22$42K$42K
InsuranceLn 23$71K$71K
Other expenses (24a–d)Ln 24$116K$101K$15K
Total functional expensesLn 25$582K$479K$103K$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
FY2023 ViewingFiled 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 FY2023 990
Part I · Summary $625,545 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $601,116$623,063
I-10 Investment incomePrior year $301$2,482
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $601,417$625,545
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 $117,738$129,092
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $405,258$453,023
I-18 Total expensesPrior year $522,996$582,115
I-19 Revenue less expensesPrior year $78,421$43,430
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 $625,545 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $623,063$623,063
VIII-3 Investment incomeExcluded from tax $2,482$2,482
VIII-12 Total revenueRelated to mission $623,063 · Unrelated business $0 · Excluded from tax $2,482$625,545
Part IX · Statement of functional expenses $582,115 across 14 lines filed
IX-7 Other salaries and wagesPrograms $110,575$110,575
IX-9 Other employee benefitsPrograms $11,124$11,124
IX-10 Payroll taxesPrograms $7,393$7,393
IX-11b Legal feesManagement $13$13
IX-11c Accounting feesManagement $17,054$17,054
IX-11g Other fees for servicesManagement $47,389$47,389
IX-12 Advertising and promotionManagement $1,545$1,545
IX-13 Office expensesManagement $22,443$22,443
IX-16 OccupancyPrograms $96,197$96,197
IX-19 Conferences, conventions and meetingsPrograms $620$620
IX-20 InterestPrograms $39,407$39,407
IX-22 Depreciation, depletion and amortizationPrograms $42,057$42,057
IX-23 InsurancePrograms $70,599$70,599
IX-24 Other expenses (24a–d)Programs $101,050 · Management $14,649$115,699
IX-25 Total functional expensesPrograms $479,022 · Management $103,093 · Fundraising $0$582,115
Part X · Balance sheet $1,135,048 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $75,423$80,842
X-4 Accounts receivableStart of year $4,019$9,642
X-9 Prepaid expenses and deferred chargesStart of year $16,775$10,849
X-10c Land, buildings and equipment, netStart of year $394,692$388,586
X-15 Other assetsStart of year $602,399$645,129
X-16 Total assetsStart of year $1,093,308$1,135,048
X-17 Accounts payable and accrued expensesStart of year $25,624$28,871
X-19 Deferred revenueStart of year $5,662$3,526
X-23 Secured mortgages and notes payableStart of year $1,097,228$1,094,102
X-25 Other liabilitiesStart of year $21,784$22,109
X-26 Total liabilitiesStart of year $1,150,298$1,148,608
X-27 Net assets without donor restrictionsStart of year −$56,990−$13,560
X-32 Total net assets or fund balancesStart of year −$56,990−$13,560
X-33 Total liabilities and net assetsStart of year $1,093,308$1,135,048
Part XI · Reconciliation of net assets −$13,560 net assets at year end
XI-1 Total revenue$625,545
XI-2 Total expenses$582,115
XI-3 Revenue less expenses$43,430
XI-4 Net assets at start of year−$56,990
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$13,560

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

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