McAfee Towers INC

Macon, GAUnknown exempt organization EIN 46-3375321Revenue $1.6M in FY2024Latest return filed Nov 7, 2025

On file with the IRSMacon, GA

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The mission is to own and operate a 199 unit elderly complex in Macon, Georgia for low and very-low income persons.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3375321) · Dispute this line
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $157K a year · 10% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
18.3 mo
of spending, in cash
18.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$195K
8% of total assets
Liabilities are 8% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.6M
+11% vs prior year
Spent
$1.5M
To programs
100%
Net assets
$2.4M
By yearFY2020–FY2024
Revenue
$1.6M
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.5M
FY2022$1.5M
FY2023$1.5M
FY2024$1.6M
Expenses
$1.5M
FY2024▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.7M
FY2022$1.9M
FY2023$1.7M
FY2024$1.5M
Net assets
$2.4M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$2.8M
FY2022$2.4M
FY2023$2.2M
FY2024$2.4M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.5M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

9 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
$0Pt VII · Sec A
Treasurer/CFO
$0Pt VII · Sec A
See McAfee Towers 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable housing for low-income seniors in Macon, Georgia.

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1 program · $1.5M · in their own filed words · FY2024
01

The mission is to own and operate a 199 unit elderly complex in Macon, Georgia for low and very-low income persons.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3375321) · Dispute this line
$1.5Mprogram 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 · $811K federal money spent
Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$811K

The auditor reported no findings.

Year ending Dec 2022 · $781K federal money spent
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$781K

The auditor reported no findings.

Year ending Dec 2021 · $793K federal money spent
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$793K

The auditor reported no findings.

Year ending Dec 2020 · $755K federal money spent
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$755K

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$811K
Fees for servicesLn 2g$811K
Investment incomeLn 3$20K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.5M
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$2.6M
LiabilitiesLn 26$195K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$811K
Government grantsLn 1e$811K
Fees for servicesLn 2g$811K
Investment incomeLn 3$20K
Gains on assetsLn 7$0
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$2.2M
Cash and savings togetherLn 1–2$2.2M
Accounts receivableLn 4$37K
Inventories for sale or useLn 8$51K
Prepaid expenses and deferred chargesLn 9$29K
Land, buildings, equipmentLn 10c$201K
Other assetsLn 15$6K
Total assetsLn 16$2.6M
LiabilitiesLn 26$195K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$2.1M$2.2M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$230K$201K
Total assetsLn 16$2.4M$2.6M
LiabilitiesLn 26$211K$195K
Net assetsLn 32$2.2M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$225K$225K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$97K$97K
Legal feesLn 11b$17K$17K
Accounting feesLn 11c$27K$27K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$516$516
Office expensesLn 13$37K$37K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$245$245
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$32K$32K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$1.0M$1.0M
All other expensesLn 24e$8K$8K
Total functional expensesLn 25$1.5M$1.5M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 7, 2025 $1.6M$1.5M$183K$2.4M 990 PDF
FY2023Filed with the IRS Mar 11, 2025 $1.5M$1.7M−$215K$2.2M 990 PDF
FY2022Filed with the IRS Nov 2, 2023 $1.5M$1.9M−$410K$2.4M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $1.5M$1.7M−$189K$2.8M 990 PDF
FY2020Filed with the IRS Nov 3, 2021 $1.4M$1.6M−$155K$3.0M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $1,642,966 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $742,812$811,407
I-9 Program service revenuePrior year $739,630$811,098
I-10 Investment incomePrior year $2,111$20,461
I-11 Other revenue$0
I-12 Total revenuePrior year $1,484,553$1,642,966
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $234,696$225,073
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,464,996$1,234,788
I-18 Total expensesPrior year $1,699,692$1,459,861
I-19 Revenue less expensesPrior year −$215,139$183,105
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $1,642,966 across 9 lines filed
VIII-1e Government grants$811,407
VIII-1h Total contributions, gifts and grants$811,407
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $811,098$811,098
VIII-3 Investment incomeRelated to mission $20,461$20,461
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $831,559$1,642,966
Part IX · Statement of functional expenses $1,459,861 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $225,073$225,073
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $97,008$97,008
IX-11b Legal feesPrograms $17,469$17,469
IX-11c Accounting feesPrograms $27,137$27,137
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $516$516
IX-13 Office expensesPrograms $36,590$36,590
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $245$245
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $31,621$31,621
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $1,016,408$1,016,408
IX-24e All other expensesPrograms $7,794$7,794
IX-25 Total functional expensesPrograms $1,459,861 · Management $0 · Fundraising $0$1,459,861
Part X · Balance sheet $2,553,724 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $2,089,285$2,229,745
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $26,579$36,780
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or useStart of year $3,680$51,209
X-9 Prepaid expenses and deferred chargesStart of year $28,620$29,087
X-10c Land, buildings and equipment, netStart of year $229,887$201,301
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $8,637$5,602
X-16 Total assetsStart of year $2,386,688$2,553,724
X-17 Accounts payable and accrued expensesStart of year $167,481$153,968
X-19 Deferred revenueStart of year $19,148$22,860
X-23 Secured mortgages and notes payableStart of year $24,675$18,407
X-26 Total liabilitiesStart of year $211,304$195,235
X-27 Net assets without donor restrictionsStart of year $2,175,384$2,358,489
X-32 Total net assets or fund balancesStart of year $2,175,384$2,358,489
X-33 Total liabilities and net assetsStart of year $2,386,688$2,553,724
Part XI · Reconciliation of net assets $2,358,489 net assets at year end
XI-1 Total revenue$1,642,966
XI-2 Total expenses$1,459,861
XI-3 Revenue less expenses$183,105
XI-4 Net assets at start of year$2,175,384
XI-10 Net assets at end of year$2,358,489

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

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