Shalom Housing Development INC

Tax-deductible

Pleasantville, NJ501(c)(3)HousingEIN 47-5142235

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Serve as developer and provide support for Shalom towers INC, a nonprofit corporation.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
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
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $11K a year · 19% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 20.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $61K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$60K
-24% vs prior year
Spent
$26K
To programs
0%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$60K
FY2025▼ -24%
Revenue by fiscal year
FY2020$57K
FY2021$57K
FY2022$72K
FY2023$42K
FY2024$79K
FY2025$60K
Expenses
$26K
FY2025▼ -75%
Expenses by fiscal year
FY2020$37K
FY2021$37K
FY2022$51K
FY2023$45K
FY2024$103K
FY2025$26K
Net assets
$1.7M
FY2025▲ +10%
Net assets by fiscal year
FY2020$1.2M
FY2021$1.5M
FY2022$1.4M
FY2023$1.5M
FY2024$1.6M
FY2025$1.7M

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2016.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $26K

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

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Trustee/President/Treasure
$0Pt VII · Sec A
Trustee/Vice President
$0Pt VII · Sec A
Trustee/Secretary
$0Pt VII · Sec A
See Shalom Housing Development 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

Develops and supports affordable housing for seniors.

Provided by the organization

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1 program · in their own filed words · FY2024
01

During the fiscal year ended 06-30-24, shalom housing development inc assisted shalom towers inc, a new jersey nonprofit corporation, by providing grants totaling $85,000 to fund major repairs and improvements to a 150 unit senior citizen rental project owned by shalom towers INC.NO grants were made during the fiscal year ended 06-30-25.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$61K
Grants paid · 5 grants · $225K · 2019–2023
Shalom Towers INCNJ · FY2023$85,000
Shalom Towers INCNJ · FY2022$35,000
Shalom Towers INCNJ · FY2021$45,000
Shalom Towers INCNJ · FY2020$30,000
Shalom Towers INCNJ · FY2019$30,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$60K
Ln 12
Investment incomeLn 3$60K
Money outPt IX
$26K
Ln 25
Managementcol C$26K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$44K
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$60K
Gains on assetsLn 7$33K
Total revenueLn 12$60K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$40K
Cash and savings togetherLn 1–2$44K
InvestmentsLn 11–13$1.6M
Other assetsLn 15$77K
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$18K$44K
InvestmentsLn 11–13$1.5M$1.6M
Total assetsLn 16$1.6M$1.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.6M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$660$660
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$15K$15K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$176$176
Total functional expensesLn 25$26K$0$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $60K$26K$34K$1.7M 990 PDF
FY2024 $79K$103K−$24K$1.6M 990 PDF
FY2023 $42K$45K−$3K$1.5M 990 PDF
FY2022 $72K$51K$21K$1.4M 990 PDF
FY2021 $57K$37K$20K$1.5M 990 PDF
FY2020 $57K$37K$20K$1.2M 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
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $59,911 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $27,321$27,321
VIII-7 Net gain or loss on sales of assetsExcluded from tax $32,590$32,590
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $59,911$59,911
Part IX · Statement of functional expenses $26,283 across 5 lines filed
IX-11b Legal feesManagement $660$660
IX-11c Accounting feesManagement $5,100$5,100
IX-11f Investment management feesManagement $15,135$15,135
IX-23 InsuranceManagement $5,212$5,212
IX-24 Other expenses (24a–d)Management $176$176
IX-25 Total functional expensesPrograms $0 · Management $26,283 · Fundraising $0$26,283
Part X · Balance sheet $1,706,741 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $17,670$4,602
X-2 Savings and temporary cash investments$39,825
X-12 Other securitiesStart of year $1,457,785$1,585,320
X-15 Other assetsStart of year $76,994$76,994
X-16 Total assetsStart of year $1,552,449$1,706,741
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,552,449$1,706,741
X-33 Total liabilities and net assetsStart of year $1,552,449$1,706,741
Part XI · Reconciliation of net assets $1,706,741 net assets at year end
XI-1 Total revenue$59,911
XI-2 Total expenses$26,283
XI-3 Revenue less expenses$33,628
XI-4 Net assets at start of year$1,552,449
XI-5 Net unrealized gains (losses) on investments$120,483
XI-9 Other changes in net assets$181
XI-10 Net assets at end of year$1,706,741

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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