Argonaut House 2

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Housing for people experiencing homelessness and mental illness.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-4880509) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $44K a year · 54% of revenue · last 5 filings
A surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
<0.1 mo
of spending, in cash
<0.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.7M
128% of total assets
Liabilities are 128% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$109K
+12% vs prior year
Spent
$157K
To programs
80%
Net assets
−$366K
By yearFY2020–FY2024
Revenue
$109K
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$64K
FY2021$64K
FY2022$72K
FY2023$97K
FY2024$109K
Expenses
$157K
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$105K
FY2021$105K
FY2022$121K
FY2023$138K
FY2024$157K
Net assets
−$366K
FY2024▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020−$187K
FY2021−$228K
FY2022−$278K
FY2023−$318K
FY2024−$366K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2013.

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% · $125K Management & general 20% · $31K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Director, President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director, Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Argonaut House 2 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

Provides housing for people experiencing homelessness and mental illness.

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1 program · $125K · in their own filed words · FY2024
01

Operates a six-unit affordable housing apartment complex.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-4880509) · Dispute this line
$125Kprogram expense

Funders

Who pays for it.

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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2024 · $933K federal money spent
Supportive Housing for Persons with Disabilities - Capital AdvanceDepartment of Housing and Urban Development · ALN 14.181 · Direct$933K

The auditor reported no findings.

Year ending Dec 2022 · $903K federal money spent
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$903K

The auditor reported no findings.

Year ending Dec 2021 · $899K federal money spent
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$899K

The auditor reported no findings.

Year ending Dec 2020 · $899K federal money spent
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$899K

The auditor reported 2 findings: a weakness in money controls.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$109K
Ln 12
Gifts and grantsLn 1h$74K
Fees for servicesLn 2g$35K
Other incomeLn 4–11$180
Money outPt IX
$157K
Ln 25
Programscol B$125K
Managementcol C$31K
Owns and owesPt X
−$366K
net assets · Ln 32
Cash and savingsLn 1–2$8
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$74K
Government grantsLn 1e$74K
Fees for servicesLn 2g$35K
Investment incomeLn 3$4
Other incomeLn 4–11$180
Total revenueLn 12$109K
Assets in detailPt X, end of year
CashLn 1$8
Cash and savings togetherLn 1–2$8
Accounts receivableLn 4$47
Prepaid expenses and deferred chargesLn 9$200
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$36K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.7M
Net assetsLn 32−$366K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY24End FY24
Cash and savingsLn 1–2$630$8
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$1.7M$1.7M
Net assetsLn 32−$318K−$366K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$51K$41K$10K
Accounting feesLn 11c$18K$18K
Office expensesLn 13$4K$4K
Depreciation, depletion and amortizationLn 22$43K$43K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$31K$31K
Total functional expensesLn 25$157K$125K$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 6, 2025 $109K$157K−$48K−$366K 990 PDF
FY2023Filed with the IRS Nov 11, 2024 $97K$138K−$41K−$318K 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $72K$121K−$49K−$278K 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $64K$105K−$41K−$228K 990 PDF
FY2020Filed with the IRS Nov 11, 2021 $64K$105K−$40K−$187K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $108,603 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $57,118$73,750
I-9 Program service revenuePrior year $27,869$34,669
I-10 Investment incomePrior year $5$4
I-11 Other revenuePrior year $11,793$180
I-12 Total revenuePrior year $96,785$108,603
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $137,695$156,506
I-18 Total expensesPrior year $137,695$156,506
I-19 Revenue less expensesPrior year −$40,910−$47,903
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $108,603 across 6 lines filed
VIII-1e Government grants$73,750
VIII-1h Total contributions, gifts and grants$73,750
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $34,669$34,669
VIII-3 Investment incomeExcluded from tax $4$4
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $180$180
VIII-12 Total revenueRelated to mission $34,669 · Unrelated business $0 · Excluded from tax $184$108,603
Part IX · Statement of functional expenses $156,506 across 6 lines filed
IX-11a Management feesPrograms $40,512 · Management $10,031$50,543
IX-11c Accounting feesManagement $17,663$17,663
IX-13 Office expensesManagement $3,746$3,746
IX-22 Depreciation, depletion and amortizationPrograms $43,346$43,346
IX-23 InsurancePrograms $10,229$10,229
IX-24 Other expenses (24a–d)Programs $30,979$30,979
IX-25 Total functional expensesPrograms $125,066 · Management $31,440 · Fundraising $0$156,506
Part X · Balance sheet $1,291,252 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $630$8
X-4 Accounts receivableStart of year $1,692$47
X-9 Prepaid expenses and deferred chargesStart of year $258$200
X-10c Land, buildings and equipment, netStart of year $1,298,320$1,254,974
X-15 Other assetsStart of year $37,864$36,023
X-16 Total assetsStart of year $1,338,764$1,291,252
X-17 Accounts payable and accrued expensesStart of year $2,167$3,034
X-23 Secured mortgages and notes payableStart of year $1,124,390$1,121,839
X-25 Other liabilitiesStart of year $530,680$532,755
X-26 Total liabilitiesStart of year $1,657,237$1,657,628
X-27 Net assets without donor restrictionsStart of year −$318,473−$366,376
X-32 Total net assets or fund balancesStart of year −$318,473−$366,376
X-33 Total liabilities and net assetsStart of year $1,338,764$1,291,252
Part XI · Reconciliation of net assets −$366,376 net assets at year end
XI-1 Total revenue$108,603
XI-2 Total expenses$156,506
XI-3 Revenue less expenses−$47,903
XI-4 Net assets at start of year−$318,473
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$366,376

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

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