Low-income elderly Housing

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
1 of 6
filings with a surplus
Average deficit $19K a year · 5% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.9M
156% of total assets
Concern: liabilities are 156% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 11 voting members
Looks good: 8 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$410K
+4% vs prior year
Spent
$432K
To programs
76%
Net assets
−$683K
By yearFY2020–FY2025
Revenue
$410K
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$354K
FY2021$362K
FY2022$371K
FY2023$372K
FY2024$395K
FY2025$410K
Expenses
$432K
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$377K
FY2021$388K
FY2022$396K
FY2023$393K
FY2024$395K
FY2025$432K
Net assets
−$683K
FY2025▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020−$590K
FY2021−$616K
FY2022−$641K
FY2023−$661K
FY2024−$661K
FY2025−$683K

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 Dec 1990.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $327K Management & general 24% · $105K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Vice President and Director
$0Pt VII · Sec A
Board Chairperson and Director
$0Pt VII · Sec A
Secretary and Director
$0Pt VII · Sec A
Treasurer and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Frederick United Methodist Housing Development Corporation 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

Provides affordable housing for low-income elderly and handicapped individuals.

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Provided by the organization

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1 program · $327K · in their own filed words · FY2024
01

Organization provides housing for low-income elderly AND/OR handicapped persons. The apartments (47 units) are subsidized by a hud section 202/8 grant.

$327Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$410K
Ln 12
Gifts and grantsLn 1h$217K
Fees for servicesLn 2g$192K
Investment incomeLn 3$246
Money outPt IX
$432K
Ln 25
Programscol B$327K
Managementcol C$105K
Owns and owesPt X
−$683K
net assets · Ln 32
Cash and savingsLn 1–2$218K
Total assetsLn 16$1.2M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$217K
Government grantsLn 1e$217K
Fees for servicesLn 2g$192K
Investment incomeLn 3$246
Total revenueLn 12$410K
Assets in detailPt X, end of year
CashLn 1$38K
SavingsLn 2$179K
Cash and savings togetherLn 1–2$218K
Land, buildings, equipmentLn 10c$891K
Other assetsLn 15$16K
Total assetsLn 16$1.2M
LiabilitiesLn 26$1.9M
Net assetsLn 32−$683K
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$192K$218K
Land, buildings, equipmentLn 10c$955K$891K
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$1.9M$1.9M
Net assetsLn 32−$661K−$683K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$70K$28K$42K
Other employee benefitsLn 9$14K$14K
Payroll taxesLn 10$5K$5K
Management feesLn 11a$36K$36K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$0$0$0$0
Office expensesLn 13$12K$2K$10K
OccupancyLn 16$102K$102K$292
TravelLn 17$37$37
InterestLn 20$65K$65K
Depreciation, depletion and amortizationLn 22$64K$64K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$32K$28K$5K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$432K$327K$105K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $410K$432K−$22K−$683K 990 PDF
FY2024 $395K$395K$296−$661K 990 PDF
FY2023 $372K$393K−$20K−$661K 990 PDF
FY2022 $371K$396K−$25K−$641K 990 PDF
FY2021 $362K$388K−$26K−$616K 990 PDF
FY2020 $354K$377K−$23K−$590K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $409,719 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $209,659$217,125
I-9 Program service revenuePrior year $185,044$192,348
I-10 Investment incomePrior year $110$246
I-11 Other revenue$0
I-12 Total revenuePrior year $394,813$409,719
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $86,810$89,691
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $307,707$342,152
I-18 Total expensesPrior year $394,517$431,843
I-19 Revenue less expensesPrior year $296−$22,124
Part VI · Governance 8 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $409,719 across 5 lines filed
VIII-1e Government grants$217,125
VIII-1h Total contributions, gifts and grants$217,125
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $192,348$192,348
VIII-3 Investment incomeExcluded from tax $246$246
VIII-12 Total revenueRelated to mission $192,348 · Unrelated business $0 · Excluded from tax $246$409,719
Part IX · Statement of functional expenses $431,843 across 14 lines filed
IX-7 Other salaries and wagesPrograms $27,991 · Management $42,416$70,407
IX-9 Other employee benefitsPrograms $13,822$13,822
IX-10 Payroll taxesPrograms $5,462$5,462
IX-11a Management feesManagement $36,043$36,043
IX-11c Accounting feesManagement $10,644$10,644
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $1,919 · Management $10,460$12,379
IX-16 OccupancyPrograms $101,967 · Management $292$102,259
IX-17 TravelManagement $37$37
IX-20 InterestPrograms $65,465$65,465
IX-22 Depreciation, depletion and amortizationPrograms $63,859$63,859
IX-23 InsurancePrograms $19,055$19,055
IX-24 Other expenses (24a–d)Programs $27,567 · Management $4,844$32,411
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $327,107 · Management $104,736 · Fundraising $0$431,843
Part X · Balance sheet $1,213,462 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $27,242$38,236
X-2 Savings and temporary cash investmentsStart of year $165,133$179,499
X-4 Accounts receivableStart of year $6,026$2,878
X-9 Prepaid expenses and deferred chargesStart of year $12,129$13,111
X-10c Land, buildings and equipment, netStart of year $955,220$891,361
X-14 Intangible assetsStart of year $76,943$72,456
X-15 Other assetsStart of year $15,783$15,921
X-16 Total assetsStart of year $1,258,476$1,213,462
X-17 Accounts payable and accrued expensesStart of year $17,644$35,364
X-19 Deferred revenueStart of year $2,777$277
X-25 Other liabilitiesStart of year $24,480$24,976
X-26 Total liabilitiesStart of year $1,919,148$1,896,258
X-27 Net assets without donor restrictionsStart of year −$660,672−$682,796
X-32 Total net assets or fund balancesStart of year −$660,672−$682,796
X-33 Total liabilities and net assetsStart of year $1,258,476$1,213,462
Part XI · Reconciliation of net assets −$682,796 net assets at year end
XI-1 Total revenue$409,719
XI-2 Total expenses$431,843
XI-3 Revenue less expenses−$22,124
XI-4 Net assets at start of year−$660,672
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$682,796

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

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