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Advantage Housing INC FY2022 filing

Tax-deductible

Kokomo, IN501(c)(3)Housing EIN 45-4532258Revenue $655K in FY2022

On file with the IRSadvantagehousing.org101 W Sycamore St Ste 1a, 46901-4634 · Kokomo, INTax-exempt since Apr 2015Publicly supported — 509(a)(2)

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To provide Housing for individuals in need, such as, but not necessarily limited to , people coming from domestic abuse situations.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $20K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$680K
91% of total assets
Concern: liabilities are 91% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$655K
+3% vs prior year
Spent
$775K
To programs
92%
Net assets
$64K
By yearFY2020–FY2024
Revenue
$655K
FY2022▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$876K
FY2021$635K
FY2022$655K
FY2023$568K
FY2024$548K
Expenses
$775K
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$651K
FY2021$713K
FY2022$775K
FY2023$610K
FY2024$432K
Net assets
$64K
FY2022▼ -65%
Tap a bar for its year
Net assets by fiscal year
FY2020$262K
FY2021$184K
FY2022$64K
FY2023$22K
FY2024$139K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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

92 cents of each dollar spent went to programs.

Program services 92% · $714K Management & general 8% · $61K

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
Mark Allegretto
Board Treasu
$0Pt VII · Sec A
Julie Bordon
Board Secret
$0Pt VII · Sec A
Jeff Miller
Board Presid
$0Pt VII · Sec A
See Advantage Housing INC executive salaries →

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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 15aYes

Programs and updates

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

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Provided by the organization

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1 program · $714K · in their own filed words · FY2022
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.

$714Kprogram 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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$655K
Ln 12
Gifts and grantsLn 1h$385K
Investment incomeLn 3$138K
Other incomeLn 4–11$73K
Money outPt IX
$775K
Ln 25
Programscol B$714K
Managementcol C$61K
Owns and owesPt X
$64K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$744K
LiabilitiesLn 26$680K
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$385K
Government grantsLn 1e$236K
Noncash giftsLn 1g$145K
Fees for servicesLn 2g$60K
Investment incomeLn 3$138K
Other incomeLn 4–11$73K
Gains on assetsLn 7$138K
Total revenueLn 12$655K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$222
Cash and savings togetherLn 1–2$1K
Land, buildings, equipmentLn 10c$514K
Total assetsLn 16$744K
LiabilitiesLn 26$680K
Net assetsLn 32$64K
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
LineStart FY22End FY22
Cash and savingsLn 1–2$39K$1K
Land, buildings, equipmentLn 10c$545K$514K
Total assetsLn 16$792K$744K
LiabilitiesLn 26$608K$680K
Net assetsLn 32$184K$64K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$165K$124K$41K
Payroll taxesLn 10$15K$11K$4K
Other fees for servicesLn 11g$132K$132K
Advertising and promotionLn 12$363$363
Office expensesLn 13$7K$7K
OccupancyLn 16$178K$178K
TravelLn 17$360$360
InterestLn 20$29K$29K
Depreciation, depletion and amortizationLn 22$27K$27K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$214K$214K
Total functional expensesLn 25$775K$714K$61K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $548K$432K$117K$139K 990 PDF
FY2023 $568K$610K−$42K$22K 990 PDF
FY2022 Viewing $655K$775K−$120K$64K 990 PDF
FY2021 $635K$713K−$78K$184K 990 PDF
FY2020 $876K$651K$225K$262K 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 M · Noncash O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $655,128 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $455,632$384,866
I-9 Program service revenuePrior year $32,043$59,742
I-10 Investment incomePrior year $58,186$137,774
I-11 Other revenuePrior year $88,751$72,746
I-12 Total revenuePrior year $634,612$655,128
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $212,988$180,405
I-16a Professional fundraising feesPrior year $300$0
I-17 Other expensesPrior year $499,239$594,948
I-18 Total expensesPrior year $712,527$775,353
I-19 Revenue less expensesPrior year −$77,915−$120,225
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $655,128 across 8 lines filed
Lines not itemized here account for $72,746 of total revenue; see the IRS return.
VIII-1e Government grants$236,314
VIII-1f All other contributions, gifts and grants$148,552
VIII-1g Noncash contributions (included above)$145,494
VIII-1h Total contributions, gifts and grants$384,866
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $59,742$59,742
VIII-3 Investment incomeExcluded from tax $2$2
VIII-7 Net gain or loss on sales of assetsRelated to mission $137,772$137,772
VIII-12 Total revenueRelated to mission $197,514 · Excluded from tax $72,748$655,128
Part IX · Statement of functional expenses $775,353 across 11 lines filed
IX-7 Other salaries and wagesPrograms $124,000 · Management $41,334$165,334
IX-10 Payroll taxesPrograms $11,303 · Management $3,768$15,071
IX-11g Other fees for servicesPrograms $131,621$131,621
IX-12 Advertising and promotionManagement $363$363
IX-13 Office expensesManagement $6,851$6,851
IX-16 OccupancyPrograms $178,096$178,096
IX-17 TravelManagement $360$360
IX-20 InterestPrograms $28,652$28,652
IX-22 Depreciation, depletion and amortizationPrograms $26,938$26,938
IX-23 InsuranceManagement $8,441$8,441
IX-24 Other expenses (24a–d)Programs $213,626$213,626
IX-25 Total functional expensesPrograms $714,236 · Management $61,117 · Fundraising $0$775,353
Part X · Balance sheet $744,224 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $31,031$1,234
X-2 Savings and temporary cash investmentsStart of year $8,021$222
X-3 Pledges and grants receivableStart of year $21,968$424
X-8 Inventories for sale or useStart of year $176,647$225,901
X-9 Prepaid expenses and deferred chargesStart of year $8,215$1,135
X-10c Land, buildings and equipment, netStart of year $544,513$514,162
X-14 Intangible assetsStart of year $1,720$1,146
X-16 Total assetsStart of year $792,115$744,224
X-17 Accounts payable and accrued expensesStart of year $132,138$178,150
X-24 Unsecured notes and loans payableStart of year $20,000$42,500
X-26 Total liabilitiesStart of year $607,836$680,169
X-27 Net assets without donor restrictionsStart of year $184,279$64,055
X-32 Total net assets or fund balancesStart of year $184,279$64,055
X-33 Total liabilities and net assetsStart of year $792,115$744,224
Part XI · Reconciliation of net assets $64,055 net assets at year end
XI-1 Total revenue$655,128
XI-2 Total expenses$775,353
XI-3 Revenue less expenses−$120,225
XI-4 Net assets at start of year$184,279
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$64,055

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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