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Strong Foundations INC FY2022 filing

Tax-deductible

Monmouth, IL501(c)(3)Since 2012HousingEIN 46-1712004

To meet the pressing demand for housing for low and moderate-income people and to provide housing-related services to the same.

501(c)(3) charity; gifts are tax-deductible.
78¢ 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
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
5 of 5
years in the black
Looks good: no deficit in the last 5 filings.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
78%
of spending
Looks good: 78% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
Do they have reserves?
160 mo
of spending, in cash
Looks good: 159.5 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Do they carry debt?
$2K
liabilities
Looks good: debts are 0% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
5
independent of 5 voting board members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$124K
+330% vs prior year
Spent
$61K
To programs
78%
Net assets
$818K
By yearFY2021–FY2025
Revenue
$124K
FY2022▲ +330%
Revenue by fiscal year
FY2021$29K
FY2022$124K
FY2023$126K
FY2024$154K
FY2025$64K
FY2025$265K
Expenses
$61K
FY2022▲ +188%
Expenses by fiscal year
FY2021$21K
FY2022$61K
FY2023$24K
FY2024$30K
FY2025$33K
FY2025$32K
Net assets
$818K
FY2022▲ +8%
Net assets by fiscal year
FY2021$755K
FY2022$818K
FY2023$920K
FY2024$1.0M
FY2025$1.1M
FY2025$1.3M

From the FY2022 Form 990 (year ending March 2022) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CStrong Foundations INC
EINHdr · item D46-1712004
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2014
Year of formationHdr · item L2012
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CMonmouth, IL
NTEE classificationIRS BMFHousing (L21)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$48K
Management & general22%$13K
Total functional expensesLn 25$61K

Financial health

Is it on solid ground?

Program efficiency
78%
of spending reaches programs
Operating runway
159.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+50%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$820K
FY2022▲ +8%
Total assets by fiscal year
FY2021$756K
FY2022$820K
FY2023$920K
FY2024$1.0M
FY2025$1.1M
FY2025$1.3M
Total liabilities
$2K
FY2022▲ +123%
Total liabilities by fiscal year
FY2021$855
FY2022$2K
FY2023$95
FY2024$618
FY2025$521
FY2025$448
Revenue less expensesPt I · Ln 19$62K
Total assetsPt X · Ln 16$820K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$814K
Total assetsLn 16$820K
Total liabilitiesLn 26$2K
Total net assetsLn 32$818K
Months of cash on handcomputed159.5

Statement of Revenue

Part VIII
Other revenue$100K · 81%
Program service revenue$19K · 15%
Investment income$5K · 4%
Other revenue81%$100K
Program service revenue15%$19K
Investment income4%$5K
Total revenueLn 12$124K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $814K · Operating expenses/yr $61K
159.5 months
Where the money goes
Program services
Program services $48K · Total expenses $61K
78%
Management & General
Management & general $13K · Total expenses $61K
22%
Fundraising
Fundraising $0 · Total expenses $61K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $124K
0%
Government reliance
Government grants — · Total revenue $124K
—
Earned-income share
Program service revenue $19K · Total revenue $124K
15%
Investment reliance
Investment income $5K · Total revenue $124K
+4%
Program self-sufficiency
Program service revenue $19K · Total expenses $61K
31%
Growth & trend
Revenue growth (YoY)
This year $124K · Prior year $29K
+330%
Net-asset trend (YoY)
End of year $818K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $124K · Expenses $61K
+50%
Liabilities-to-Assets
Total liabilities — · Total assets $820K
—
Net-asset ratio
Net assets $818K · Total assets $820K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $820K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Henry Shimmin · Reported title Executive Director · Highest reported compensation $0 · Total expenses $61K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7K · Total expenses $61K
12%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%——
Overhead ratio 22%——
Revenue growth 330%——
Accounting fee ratio 0.6%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Henry Shimmin
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Christine Bivens
Commissioner
$0Pt VII · Sec A
Adam Carlson
Treasurer
$0Pt VII · Sec A
Craig Long
Vice-Chair
$0Pt VII · Sec A
Susan Higbee
Secretary
$0Pt VII · Sec A
See Strong Foundations INC executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides housing and related services for low and moderate-income individuals.

Provided by the organization

This section is blank until Strong Foundations INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $48K of program spending, described in the organization's own filed words · FY2021.
01

To meet demands for providing housing and related services for low income and moderate income people.

$48Kprogram expense

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Funders

Who pays for it.

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 $64K$33K-58% 990 PDF
FY2024 $154K$30K+22% 990 PDF
FY2023 $126K$24K+2% 990 PDF
FY2022 Viewing $124K$61K+330% 990 PDF
FY2021 $29K$21K 990 PDF

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Schedules filed Part IV

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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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