Advantage Housing INC: Nonprofit Profile, Financials & Form 990 (EIN 45-4532258)

Revenue by fiscal year
FY2020	$876K
FY2021	$635K
FY2022	$655K
FY2023	$568K
FY2024	$548K

Expenses by fiscal year
FY2020	$651K
FY2021	$713K
FY2022	$775K
FY2023	$610K
FY2024	$432K

Net assets by fiscal year
FY2020	$262K
FY2021	$184K
FY2022	$64K
FY2023	$22K
FY2024	$139K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2015.

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

Where the money goes

88 cents of each dollar spent went to programs.

88%

12%

Program services 88% · $382K Management & general 12% · $50K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation

Mark Allegretto

Board Secret

$0Pt VII · Sec A

David Glatt

Board Treasu

$0Pt VII · Sec A

Jeff Miller

Board Presid

$0Pt VII · Sec A

Shannon Querry

Board Vice C

$0Pt VII · Sec A

See Advantage Housing INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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 15aYes

Programs and updates

Provides safe housing for individuals needing shelter, especially those escaping abuse.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $382K · in their own filed words · FY2024

01

Provid quaility affordable rental housing to individuals in need, as well as home ownership opportunities to people of moderate, low, and very low income. 331 people benefited during 2016.

$382Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2025

Wabash County United Fund INCFY2025$5K

Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$548K

Ln 12

Gifts and grantsLn 1h$347K

Investment incomeLn 3$88K

Fees for servicesLn 2g$81K

Money outPt IX

$432K

Ln 25

Programscol B$382K

Managementcol C$50K

Owns and owesPt X

$139K

net assets · Ln 32

Cash and savingsLn 1–2$327

Total assetsLn 16$689K

LiabilitiesLn 26$550K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$347K

Government grantsLn 1e$176K

Noncash giftsLn 1g$169K

Fees for servicesLn 2g$81K

Investment incomeLn 3$88K

Other incomeLn 4–11$32K

Gains on assetsLn 7$88K

Total revenueLn 12$548K

Assets in detailPt X, end of year

CashLn 1$327

Cash and savings togetherLn 1–2$327

Land, buildings, equipmentLn 10c$362K

Total assetsLn 16$689K

LiabilitiesLn 26$550K

Net assetsLn 32$139K

OperationsPt I, VI

EmployeesI 511

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$5K	$327
Land, buildings, equipmentLn 10c	$389K	$362K
Total assetsLn 16	$677K	$689K
LiabilitiesLn 26	$654K	$550K
Net assetsLn 32	$22K	$139K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$137K	$103K	$34K
Payroll taxesLn 10	$11K	$9K	$3K
Accounting feesLn 11c	$5K	$5K
Other fees for servicesLn 11g	$50K	$50K
Advertising and promotionLn 12	$237		$237
Office expensesLn 13	$1K	$240	$1K
OccupancyLn 16	$32K	$32K
TravelLn 17	$19K	$19K
InterestLn 20	$25K	$25K
Depreciation, depletion and amortizationLn 22	$21K	$21K
InsuranceLn 23	$11K		$11K
Other expenses (24a–d)Ln 24	$118K	$117K	$545
Total functional expensesLn 25	$432K	$382K	$50K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$548K	$432K	$117K	$139K	990 PDF
FY2023	$568K	$610K	−$42K	$22K	990 PDF
FY2022	$655K	$775K	−$120K	$64K	990 PDF
FY2021	$635K	$713K	−$78K	$184K	990 PDF
FY2020	$876K	$651K	$225K	$262K	990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary $548,460 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $410,031$347,322

I-9 Program service revenuePrior year $51,187$80,866

I-10 Investment incomePrior year −$11,818$87,912

I-11 Other revenuePrior year $118,883$32,360

I-12 Total revenuePrior year $568,283$548,460

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $179,764$148,952

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $430,462$282,848

I-18 Total expensesPrior year $610,226$431,800

I-19 Revenue less expensesPrior year −$41,943$116,660

Part VI · Governance 4 of 4 board members independent, 2 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $548,460 across 8 lines filed

Lines not itemized here account for $32,360 of total revenue; see the IRS return.

VIII-1e Government grants$175,550

VIII-1f All other contributions, gifts and grants$171,772

VIII-1g Noncash contributions (included above)$168,744

VIII-1h Total contributions, gifts and grants$347,322

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $80,866$80,866

VIII-3 Investment incomeExcluded from tax $90$90

VIII-7 Net gain or loss on sales of assetsRelated to mission $87,822$87,822

VIII-12 Total revenueRelated to mission $168,688 · Excluded from tax $32,450$548,460

Part IX · Statement of functional expenses $431,800 across 12 lines filed

IX-7 Other salaries and wagesPrograms $103,124 · Management $34,375$137,499

IX-10 Payroll taxesPrograms $8,590 · Management $2,863$11,453

IX-11c Accounting feesPrograms $5,487$5,487

IX-11g Other fees for servicesPrograms $49,743$49,743

IX-12 Advertising and promotionManagement $237$237

IX-13 Office expensesPrograms $240 · Management $1,216$1,456

IX-16 OccupancyPrograms $31,672$31,672

IX-17 TravelPrograms $19,499$19,499

IX-20 InterestPrograms $25,097$25,097

IX-22 Depreciation, depletion and amortizationPrograms $20,995$20,995

IX-23 InsuranceManagement $10,756$10,756

IX-24 Other expenses (24a–d)Programs $117,361 · Management $545$117,906

IX-25 Total functional expensesPrograms $381,808 · Management $49,992 · Fundraising $0$431,800

Part X · Balance sheet $688,907 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $5,388$327

X-3 Pledges and grants receivableStart of year $31,738$50,282

X-8 Inventories for sale or useStart of year $248,491$274,950

X-9 Prepaid expenses and deferred chargesStart of year $1,425$1,425

X-10c Land, buildings and equipment, netStart of year $388,770$361,923

X-16 Total assetsStart of year $676,507$688,907

X-17 Accounts payable and accrued expensesStart of year $176,891$156,286

X-24 Unsecured notes and loans payableStart of year $40,500$49,100

X-26 Total liabilitiesStart of year $654,396$550,136

X-27 Net assets without donor restrictionsStart of year $22,111$138,771

X-32 Total net assets or fund balancesStart of year $22,111$138,771

X-33 Total liabilities and net assetsStart of year $676,507$688,907

Part XI · Reconciliation of net assets $138,771 net assets at year end

XI-1 Total revenue$548,460

XI-2 Total expenses$431,800

XI-3 Revenue less expenses$116,660

XI-4 Net assets at start of year$22,111

XI-10 Net assets at end of year$138,771

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

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

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.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street 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, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Advantage Housing INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV