620 Summit INC FY2022 filing

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To provide low cost housing for the disabled under section 811 of the national affordable housing act.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-4852665) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
80¢ 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists 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
0 of 6
filings with a surplus
Average deficit $40K a year · 60% of revenue · last 6 filings
A surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
0.3 mo
of spending, in cash
0.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.6M
120% of total assets
Liabilities are 120% of assets.
Pt X · Ln 26
Independent board members
8
of 10 voting members
8 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$66K
+0.9% vs prior year
Spent
$107K
To programs
80%
Net assets
−$267K
By yearFY2020–FY2025
Revenue
$66K
FY2022▲ +0.9%
Tap a bar for its year
Revenue by fiscal year
FY2020$64K
FY2021$66K
FY2022$66K
FY2023$63K
FY2024$71K
FY2025$68K
Expenses
$107K
FY2022▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$98K
FY2021$110K
FY2022$107K
FY2023$97K
FY2024$102K
FY2025$121K
Net assets
−$267K
FY2022▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020−$182K
FY2021−$226K
FY2022−$267K
FY2023−$301K
FY2024−$332K
FY2025−$385K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 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 Aug 2012.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $85K Management & general 20% · $21K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See 620 Summit INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable housing for disabled individuals using federal programs.

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1 program · $85K · in their own filed words · FY2022
01

Provide housing for very low income persons with disabilities.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-4852665) · Dispute this line
$85Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$66K
Ln 12
Gifts and grantsLn 1h$38K
Fees for servicesLn 2g$29K
Investment incomeLn 3$15
Money outPt IX
$107K
Ln 25
Programscol B$85K
Managementcol C$21K
Owns and owesPt X
−$267K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$38K
Government grantsLn 1e$38K
Fees for servicesLn 2g$29K
Investment incomeLn 3$15
Total revenueLn 12$66K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Accounts receivableLn 4$3K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$29K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.6M
Net assetsLn 32−$267K
OperationsPt I, VI
EmployeesI 52
VolunteersI 610
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$98$3K
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$1.4M$1.3M
LiabilitiesLn 26$1.6M$1.6M
Net assetsLn 32−$226K−$267K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$5K$5K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$10K$10K
Office expensesLn 13$9K$5K$5K
OccupancyLn 16$30K$30K
Depreciation, depletion and amortizationLn 22$35K$35K
InsuranceLn 23$5K$5K
Total functional expensesLn 25$107K$85K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 6, 2026 $68K$121K−$53K−$385K 990 PDF
FY2024Filed with the IRS Apr 1, 2025 $71K$102K−$31K−$332K 990 PDF
FY2023Filed with the IRS Apr 4, 2024 $63K$97K−$35K−$301K 990 PDF
FY2022 ViewingFiled with the IRS Apr 20, 2023 $66K$107K−$40K−$267K 990 PDF
FY2021Filed with the IRS Jul 12, 2022 $66K$110K−$44K−$226K 990 PDF
FY2020Filed with the IRS Jun 24, 2021 $64K$98K−$34K−$182K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $66,259 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $36,569$37,670
I-9 Program service revenuePrior year $29,063$28,574
I-10 Investment incomePrior year $6$15
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $65,638$66,259
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 $14,848$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $95,122$106,722
I-18 Total expensesPrior year $109,970$106,722
I-19 Revenue less expensesPrior year −$44,332−$40,463
Part VI · Governance 8 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $66,259 across 5 lines filed
VIII-1e Government grants$37,670
VIII-1h Total contributions, gifts and grants$37,670
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,574$28,574
VIII-3 Investment incomeExcluded from tax $15$15
VIII-12 Total revenueRelated to mission $28,574 · Unrelated business $0 · Excluded from tax $15$66,259
Part IX · Statement of functional expenses $106,722 across 8 lines filed
IX-11a Management feesManagement $5,176$5,176
IX-11b Legal feesManagement $1,561$1,561
IX-11c Accounting feesManagement $10,029$10,029
IX-11g Other fees for servicesPrograms $9,942$9,942
IX-13 Office expensesPrograms $4,971 · Management $4,503$9,474
IX-16 OccupancyPrograms $30,357$30,357
IX-22 Depreciation, depletion and amortizationPrograms $34,937$34,937
IX-23 InsurancePrograms $5,246$5,246
IX-25 Total functional expensesPrograms $85,453 · Management $21,269 · Fundraising $0$106,722
Part X · Balance sheet $1,348,044 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $98$2,781
X-4 Accounts receivableStart of year $754$3,407
X-10c Land, buildings and equipment, netStart of year $1,347,881$1,312,944
X-15 Other assetsStart of year $25,947$28,912
X-16 Total assetsStart of year $1,374,680$1,348,044
X-17 Accounts payable and accrued expensesStart of year $3,859$8,077
X-24 Unsecured notes and loans payableStart of year $283,000$283,000
X-25 Other liabilitiesStart of year $1,313,938$1,323,547
X-26 Total liabilitiesStart of year $1,600,797$1,614,624
X-27 Net assets without donor restrictionsStart of year −$226,117−$266,580
X-32 Total net assets or fund balancesStart of year −$226,117−$266,580
X-33 Total liabilities and net assetsStart of year $1,374,680$1,348,044
Part XI · Reconciliation of net assets −$266,580 net assets at year end
XI-1 Total revenue$66,259
XI-2 Total expenses$106,722
XI-3 Revenue less expenses−$40,463
XI-4 Net assets at start of year−$226,117
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$266,580

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

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