Heritage Acres I Ltd

Roanoke, VAUnknown exempt organizationEIN 54-1114920Revenue $4 in FY2025

On file with the IRSPost Office Box 20662 · Roanoke, VA

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Prior to 2020, housing services were provided to elderly and handicapped individuals including a 93 unit facility in cape charles, virginia, and a 40 unit facility in mountain city, TN. In addition to housing for the elderly, the organization's original purposes included supporting other exempt purposes.

51¢ 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
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 6
filings with a surplus
Average deficit $221K a year · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4
+100% vs prior year
Spent
$3K
To programs
51%
Net assets
$0
By yearFY2020–FY2025
Revenue
$4
FY2025▲ +100%
Tap a bar for its year
Revenue by fiscal year
FY2020$131K
FY2021$54K
FY2022$19K
FY2023$4K
FY2024−$255K
FY2025$4
Expenses
$3K
FY2025▼ -100%
Tap a bar for its year
Expenses by fiscal year
FY2020$285K
FY2021$8K
FY2022$9K
FY2023$223K
FY2024$754K
FY2025$3K
Net assets
$0
FY2025▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$880K
FY2023$864K
FY2024$3K
FY2025$0

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $1K Management & general 49% · $1K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
SR. Vice Pre
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See Heritage Acres I Ltd 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 15aYes

Programs and updates

Provided housing and support for elderly and handicapped individuals.

Questions for Heritage Acres I Ltd

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Provided by the organization

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1 program · $1K · in their own filed words · FY2025
01

Prior to 2020, the corporation owned and operated housing facilities for approximately 200 individuals who qualified for housing assistance by virtue of being elderly or handicapped. The original objectives of the corporation were to provide facilities designed to meet the residents' physical, social and psychological needs and to serve…

$1Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $357K · 2020–2024
Cranwell FoundationVA · FY2024$36,751
Cranwell FoundationVA · FY2023$150,000
Virginia Tech Foundation INCVA · FY2020$100,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4
Ln 12
Investment incomeLn 3$4
Money outPt IX
$3K
Ln 25
Programscol B$1K
Managementcol C$1K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$4
Total revenueLn 12$4
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
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 FY25End FY25
Total assetsLn 16$3K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$3K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Accounting feesLn 11c$1K$1K
Other expenses (24a–d)Ln 24$45$45
Total functional expensesLn 25$3K$1K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4$3K−$3K$0 990 PDF
FY2024 −$255K$754K−$1.0M$3K 990 PDF
FY2023 $4K$223K−$219K$864K 990 PDF
FY2022 $19K$9K$10K$880K 990 PDF
FY2021 $54K$8K$46K$1.3M 990 PDF
FY2020 $131K$285K−$154K$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 (6 parts)
Part I · Summary $4 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $28,013$0
I-9 Program service revenue$0
I-10 Investment incomePrior year −$283,964$4
I-11 Other revenuePrior year $842$0
I-12 Total revenuePrior year −$255,109$4
I-13 Grants and similar amounts paidPrior year $752,260$1,382
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,761$1,345
I-18 Total expensesPrior year $754,021$2,727
I-19 Revenue less expensesPrior year −$1,009,130−$2,723
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $4$4
VIII-12 Total revenueExcluded from tax $4$4
Part IX · Statement of functional expenses $2,727 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $1,382$1,382
IX-11c Accounting feesManagement $1,300$1,300
IX-24 Other expenses (24a–d)Management $45$45
IX-25 Total functional expensesPrograms $1,382 · Management $1,345 · Fundraising $0$2,727
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $2,723$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,723$0
X-33 Total liabilities and net assetsStart of year $2,723$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$4
XI-2 Total expenses$2,727
XI-3 Revenue less expenses−$2,723
XI-4 Net assets at start of year$2,723
XI-10 Net assets at end of year$0

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

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