St Matthew Housing Development INC

Tax-deductible

Columbia, MD501(c)(3)HousingEIN 52-1918403

To provide affordable housing for physically disabled persons so that they may continue to live independently in the community in accessible living spaces and a supportive environment.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $7K a year · 2% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
128% of total assets
Concern: liabilities are 128% of assets; over 80%.
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
$314K
+13% vs prior year
Spent
$330K
To programs
77%
Net assets
−$250K
By yearFY2020–FY2024
Revenue
$314K
FY2024▲ +13%
Revenue by fiscal year
FY2020$415K
FY2021$263K
FY2022$267K
FY2023$277K
FY2024$314K
Expenses
$330K
FY2024▲ +10%
Expenses by fiscal year
FY2020$346K
FY2021$295K
FY2022$302K
FY2023$299K
FY2024$330K
Net assets
−$250K
FY2024▼ -7%
Net assets by fiscal year
FY2020−$145K
FY2021−$177K
FY2022−$212K
FY2023−$234K
FY2024−$250K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1996.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $256K Management & general 23% · $75K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See St Matthew 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

Builds accessible homes and supportive communities for independent living.

Provided by the organization

This section is blank until St Matthew Housing Development INC claims this page.

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1 program service account for $256K of program spending, described in the organization's own filed words · FY2024.
01

ST. Matthew house currently provides affordable housing for 15 disabled persons.

$256Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$314K
Ln 12
Fees for servicesLn 2g$293K
Gifts and grantsLn 1h$20K
Investment incomeLn 3$291
Money outPt IX
$330K
Ln 25
Programscol B$256K
Managementcol C$75K
Owns and owesPt X
−$250K
net assets · Ln 32
Cash and savingsLn 1–2$25K
Total assetsLn 16$901K
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Government grantsLn 1e$20K
Fees for servicesLn 2g$293K
Investment incomeLn 3$291
Gains on assetsLn 7$0
Total revenueLn 12$314K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$0
Cash and savings togetherLn 1–2$25K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$803K
Other assetsLn 15$58K
Total assetsLn 16$901K
LiabilitiesLn 26$1.2M
Net assetsLn 32−$250K
OperationsPt I, VI
EmployeesI 50
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 FY24End FY24
Cash and savingsLn 1–2$12K$25K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$842K$803K
Total assetsLn 16$907K$901K
LiabilitiesLn 26$1.1M$1.2M
Net assetsLn 32−$234K−$250K
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 current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$54K$41K$13K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$5K$4K$1K
Management feesLn 11a$16K$16K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$26K$26K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$9K$9K
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$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$57K$57K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$137K$133K$4K
All other expensesLn 24e$0
Total functional expensesLn 25$330K$256K$75K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $314K$330K−$17K−$250K 990 PDF
FY2023 $277K$299K−$22K−$234K 990 PDF
FY2022 $267K$302K−$35K−$212K 990 PDF
FY2021 $263K$295K−$32K−$177K 990 PDF
FY2020 $415K$346K$69K−$145K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $313,579 across 10 lines filed
VIII-1e Government grants$20,000
VIII-1f All other contributions, gifts and grants$500
VIII-1h Total contributions, gifts and grants$20,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $292,788$292,788
VIII-3 Investment incomeExcluded from tax $291$291
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 $292,788 · Excluded from tax $291$313,579
Part IX · Statement of functional expenses $330,126 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 current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $41,409 · Management $12,824$54,233
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $4,107$4,107
IX-10 Payroll taxesPrograms $3,817 · Management $1,026$4,843
IX-11a Management feesManagement $16,500$16,500
IX-11b Legal feesManagement $5,824$5,824
IX-11c Accounting feesManagement $25,906$25,906
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $8,876$8,876
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 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $57,123$57,123
IX-23 InsurancePrograms $16,212$16,212
IX-24 Other expenses (24a–d)Programs $132,841 · Management $3,661$136,502
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $255,509 · Management $74,617 · Fundraising $0$330,126
Part X · Balance sheet $901,217 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $12,452$25,308
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $3,575$8,650
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $6,783$5,870
X-10c Land, buildings and equipment, netStart of year $841,867$803,154
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 $42,198$58,235
X-16 Total assetsStart of year $906,875$901,217
X-17 Accounts payable and accrued expensesStart of year $12,810$21,818
X-19 Deferred revenueStart of year $4,234$2,238
X-25 Other liabilitiesStart of year $14,509$18,386
X-26 Total liabilitiesStart of year $1,140,653$1,151,542
X-27 Net assets without donor restrictionsStart of year −$233,778−$250,325
X-32 Total net assets or fund balancesStart of year −$233,778−$250,325
X-33 Total liabilities and net assetsStart of year $906,875$901,217
Part XI · Reconciliation of net assets −$250,325 net assets at year end
XI-1 Total revenue$313,579
XI-2 Total expenses$330,126
XI-3 Revenue less expenses−$16,547
XI-4 Net assets at start of year−$233,778
XI-10 Net assets at end of year−$250,325

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

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