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Better Housing INC

Not tax-deductible

Fort Scott, KS501(c)(4)Since 1968EIN 48-0897854Revenue $605K in FY2025

On file with the IRS1321 S Broadway St, 66701-2910 · Fort Scott, KSTax-exempt since Jan 1976

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Operate low income Housing

71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 5
filings with a surplus
Average deficit $7K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$100K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$605K
+8% vs prior year
Spent
$620K
To programs
71%
Net assets
$641K
By yearFY2021–FY2025
Revenue
$605K
FY2025▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2021$508K
FY2022$506K
FY2023$529K
FY2024$558K
FY2025$605K
Expenses
$620K
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2021$491K
FY2022$504K
FY2023$565K
FY2024$562K
FY2025$620K
Net assets
$641K
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2021$694K
FY2022$696K
FY2023$660K
FY2024$656K
FY2025$641K

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

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1976.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $441K Management & general 29% · $179K

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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Ken Ash
Chairman
$0Pt VII · Sec A
Mark Kelso
Sec/Treas
$0Pt VII · Sec A
Bill Lee
Director
$0Pt VII · Sec A
Brandon Peck
Asst Sec/Tre
$0Pt VII · Sec A
Victor Arnold
Exec Directo
$0Pt VII · Sec A
Steve Kelso
Board Member
$0Pt VII · Sec A
See Better Housing 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

Provide affordable housing for low-income individuals and families.

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Provided by the organization

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1 program · $441K · in their own filed words · FY2024
01

The organization owns a 68 unit low income housing complex in fort scott, KS. All activities relate to the operation of this rental complex.

$441Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$605K
Ln 12
Fees for servicesLn 2g$582K
Investment incomeLn 3$22K
Money outPt IX
$620K
Ln 25
Programscol B$441K
Managementcol C$179K
Owns and owesPt X
$641K
net assets · Ln 32
Cash and savingsLn 1–2$259K
Total assetsLn 16$741K
LiabilitiesLn 26$100K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$582K
Investment incomeLn 3$22K
Total revenueLn 12$605K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$256K
Cash and savings togetherLn 1–2$259K
Land, buildings, equipmentLn 10c$451K
Total assetsLn 16$741K
LiabilitiesLn 26$100K
Net assetsLn 32$641K
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$251K$259K
Land, buildings, equipmentLn 10c$479K$451K
Total assetsLn 16$750K$741K
LiabilitiesLn 26$94K$100K
Net assetsLn 32$656K$641K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$187K$118K$69K
Other employee benefitsLn 9$16K$16K
Payroll taxesLn 10$13K$13K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$13K$13K
OccupancyLn 16$39K$39K
Depreciation, depletion and amortizationLn 22$58K$58K
InsuranceLn 23$59K$59K
Other expenses (24a–d)Ln 24$226K$226K
Total functional expensesLn 25$620K$441K$179K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $605K$620K−$15K$641K 990 PDF
FY2024 $558K$562K−$4K$656K 990 PDF
FY2023 $529K$565K−$35K$660K 990 PDF
FY2022 $506K$504K$2K$696K 990 PDF
FY2021 $508K$491K$17K$694K 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 (6 parts)
Part I · Summary $604,792 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $556,497$582,308
I-10 Investment incomePrior year $1,573$22,484
I-11 Other revenue$0
I-12 Total revenuePrior year $558,070$604,792
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $192,738$215,424
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $369,593$404,377
I-18 Total expensesPrior year $562,331$619,801
I-19 Revenue less expensesPrior year −$4,261−$15,009
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 $604,792 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $582,308$582,308
VIII-3 Investment incomeExcluded from tax $22,484$22,484
VIII-12 Total revenueRelated to mission $582,308 · Excluded from tax $22,484$604,792
Part IX · Statement of functional expenses $619,801 across 10 lines filed
IX-7 Other salaries and wagesPrograms $118,214 · Management $68,751$186,965
IX-9 Other employee benefitsManagement $15,636$15,636
IX-10 Payroll taxesManagement $12,823$12,823
IX-11c Accounting feesManagement $5,100$5,100
IX-12 Advertising and promotionManagement $3,312$3,312
IX-13 Office expensesManagement $13,466$13,466
IX-16 OccupancyPrograms $38,951$38,951
IX-22 Depreciation, depletion and amortizationPrograms $57,802$57,802
IX-23 InsuranceManagement $59,413$59,413
IX-24 Other expenses (24a–d)Programs $226,333$226,333
IX-25 Total functional expensesPrograms $441,300 · Management $178,501 · Fundraising $0$619,801
Part X · Balance sheet $741,306 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $5,249$3,289
X-2 Savings and temporary cash investmentsStart of year $246,233$255,531
X-9 Prepaid expenses and deferred chargesStart of year $19,766$31,358
X-10c Land, buildings and equipment, netStart of year $479,218$451,128
X-16 Total assetsStart of year $750,466$741,306
X-17 Accounts payable and accrued expensesStart of year $75,942$80,250
X-25 Other liabilitiesStart of year $18,408$19,949
X-26 Total liabilitiesStart of year $94,350$100,199
X-27 Net assets without donor restrictionsStart of year $656,116$641,107
X-32 Total net assets or fund balancesStart of year $656,116$641,107
X-33 Total liabilities and net assetsStart of year $750,466$741,306
Part XI · Reconciliation of net assets $641,107 net assets at year end
XI-1 Total revenue$604,792
XI-2 Total expenses$619,801
XI-3 Revenue less expenses−$15,009
XI-4 Net assets at start of year$656,116
XI-10 Net assets at end of year$641,107

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

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