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Improved Living INC FY2020 filing

IRS exemption revoked

Norfolk, NEUnknown exempt organization EIN 47-0640292Revenue $232K in FY2020

On file with the IRS111 South Pine Street · Norfolk, NE

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Provide housing to persons with mental illness

98¢ of each $1 spent went to programs.
$39K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $28K a year · 13% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$39K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$101K
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$232K
Spent
$207K
To programs
98%
Net assets
$124K
By yearFY2020–FY2021
Revenue
$232K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$232K
FY2021$201K
Expenses
$207K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$207K
FY2021$170K
Net assets
$124K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$124K
FY2021$155K

From the FY2020 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2025
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $202K Management & general 2% · $4K

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; $39K paid to officers and key staff.

Part VII, Section A · reportable compensation
Jean Franchetti
Executive Di
$39,000Pt VII · Sec A
Linda Bills
Board Member
$0Pt VII · Sec A
Marcy Brown
President
$0Pt VII · Sec A
Herman Klabunde
Board Member
$0Pt VII · Sec A
Christina Pimentel
Board Member
$0Pt VII · Sec A
Warren Reimer
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Jean Franchetti$39,000$39,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Improved Living 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 15aNo

Programs and updates

Offers housing solutions for individuals experiencing mental illness.

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Provided by the organization

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1 program · $161K · in their own filed words · FY2020
01

Improved living, inc exists to provide housing to persons with mental illness who are capable of selfcare and selfhelp in transitional and permanent living settings, which inmproved living, inc. Owns and manages. Housing services are provided at a rate less than fair market value.

$161Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$232K
Ln 12
Fees for servicesLn 2g$133K
Gifts and grantsLn 1h$98K
Investment incomeLn 3$528
Money outPt IX
$207K
Ln 25
Programscol B$202K
Managementcol C$4K
Owns and owesPt X
$124K
net assets · Ln 32
Cash and savingsLn 1–2$94K
Total assetsLn 16$225K
LiabilitiesLn 26$101K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$98K
Noncash giftsLn 1g$98K
Fees for servicesLn 2g$133K
Investment incomeLn 3$528
Total revenueLn 12$232K
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$87K
Cash and savings togetherLn 1–2$94K
Land, buildings, equipmentLn 10c$122K
Total assetsLn 16$225K
LiabilitiesLn 26$101K
Net assetsLn 32$124K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$118K$94K
Land, buildings, equipmentLn 10c$115K$122K
Total assetsLn 16$255K$225K
LiabilitiesLn 26$159K$101K
Net assetsLn 32$96K$124K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$39K$35K$4K
Payroll taxesLn 10$4K$4K$392
Accounting feesLn 11c$8K$8K
Office expensesLn 13$628$628
OccupancyLn 16$64K$64K$60
TravelLn 17$1K$1K
InterestLn 20$51K$51K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$27K$27K
Other expenses (24a–d)Ln 24$5K$5K
All other expensesLn 24e$36$36
Total functional expensesLn 25$207K$202K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $201K$170K$31K$155K 990 PDF
FY2020 Viewing $232K$207K$25K$124K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $231,916 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $84,222$97,954
I-9 Program service revenuePrior year $129,522$133,434
I-10 Investment incomePrior year $495$528
I-11 Other revenue$0
I-12 Total revenuePrior year $214,239$231,916
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $50,124$42,923
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $152,176$163,643
I-18 Total expensesPrior year $202,300$206,566
I-19 Revenue less expensesPrior year $11,939$25,350
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $231,916 across 6 lines filed
Lines not itemized here account for $70 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$97,954
VIII-1g Noncash contributions (included above)$97,954
VIII-1h Total contributions, gifts and grants$97,954
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $133,364$133,364
VIII-3 Investment incomeRelated to mission $528$528
VIII-12 Total revenueRelated to mission $133,962$231,916
Part IX · Statement of functional expenses $206,566 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $35,100 · Management $3,900$39,000
IX-10 Payroll taxesPrograms $3,531 · Management $392$3,923
IX-11c Accounting feesPrograms $8,362$8,362
IX-13 Office expensesPrograms $628$628
IX-16 OccupancyPrograms $63,809 · Management $60$63,869
IX-17 TravelPrograms $1,003$1,003
IX-20 InterestPrograms $50,797$50,797
IX-22 Depreciation, depletion and amortizationPrograms $6,451$6,451
IX-23 InsurancePrograms $27,099$27,099
IX-24 Other expenses (24a–d)Programs $5,398$5,398
IX-24e All other expensesPrograms $36$36
IX-25 Total functional expensesPrograms $202,214 · Management $4,352 · Fundraising $0$206,566
Part X · Balance sheet $224,872 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $4,310$6,915
X-2 Savings and temporary cash investmentsStart of year $113,328$87,334
X-4 Accounts receivableStart of year $6,797$2,137
X-9 Prepaid expenses and deferred chargesStart of year $15,675$6,616
X-10c Land, buildings and equipment, netStart of year $115,037$121,870
X-16 Total assetsStart of year $255,147$224,872
X-17 Accounts payable and accrued expensesStart of year $24,288$17,228
X-26 Total liabilitiesStart of year $159,106$100,951
X-27 Net assets without donor restrictionsStart of year $96,041$123,921
X-32 Total net assets or fund balancesStart of year $96,041$123,921
X-33 Total liabilities and net assetsStart of year $255,147$224,872
Part XI · Reconciliation of net assets $123,921 net assets at year end
XI-1 Total revenue$231,916
XI-2 Total expenses$206,566
XI-3 Revenue less expenses$25,350
XI-4 Net assets at start of year$96,041
XI-8 Prior period adjustments$2,530
XI-10 Net assets at end of year$123,921

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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