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Residential Options INC

IRS exemption revoked

Norfolk, VA501(c)(3)Community DevelopmentEIN 54-1614700Revenue $137K in FY2022

On file with the IRS555 E Main Street 17th Floor · Norfolk, VATax-exempt since Apr 1992Publicly supported — 509(a)(2)

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To provide housing for the mentally disadvantaged.

93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $4K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
82% of total assets
Concern: liabilities are 82% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$137K
-38% vs prior year
Spent
$196K
To programs
93%
Net assets
$218K
By yearFY2018–FY2022
Revenue
$137K
FY2022▼ -38%
Tap a bar for its year
Revenue by fiscal year
FY2018$102K
FY2019$133K
FY2020$342K
FY2021$220K
FY2022$137K
Expenses
$196K
FY2022▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2018$199K
FY2019$181K
FY2020$175K
FY2021$201K
FY2022$196K
Net assets
$218K
FY2022▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2018$127K
FY2019$78K
FY2020$259K
FY2021$280K
FY2022$218K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Apr 1992.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $183K Management & general 7% · $13K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Virginia Mack
Sec/Treas
$0Pt VII · Sec A
Donna Mills
Vice President
$0Pt VII · Sec A
Gary Hammond
Board Member
$0Pt VII · Sec A
Lou Anne Templeton
Board Member
$0Pt VII · Sec A
Thomas Weaver
Board Member
$0Pt VII · Sec A
Bruce Holbrook
Board Member
$0Pt VII · Sec A
Linda McCluney
Board Member
$0Pt VII · Sec A
See Residential Options 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

Offers housing solutions for individuals facing mental health challenges.

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Provided by the organization

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1 program · $183K · in their own filed words · FY2022
01

Residential options, inc., a virginia non-profit corporation was organized in 1992 to operate apartments for mentally disadvantaged consumers who are supervised by the norfolk comm service BD.

$183Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Charities Aid Foundation AmericaFY2023$15K
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$137K
Ln 12
Fees for servicesLn 2g$137K
Investment incomeLn 3$3
Money outPt IX
$196K
Ln 25
Programscol B$183K
Managementcol C$13K
Owns and owesPt X
$218K
net assets · Ln 32
Cash and savingsLn 1–2$157K
Total assetsLn 16$1.2M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$137K
Investment incomeLn 3$3
Total revenueLn 12$137K
Assets in detailPt X, end of year
CashLn 1$157K
Cash and savings togetherLn 1–2$157K
Land, buildings, equipmentLn 10c$966K
Other assetsLn 15$90K
Total assetsLn 16$1.2M
LiabilitiesLn 26$1.0M
Net assetsLn 32$218K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$27K$157K
Land, buildings, equipmentLn 10c$994K$966K
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$869K$1.0M
Net assetsLn 32$280K$218K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$9K$9K
Pension plan contributionsLn 8$1K$1K
Other employee benefitsLn 9$1K$1K
Payroll taxesLn 10$1K$1K
Accounting feesLn 11c$237$237
Other fees for servicesLn 11g$2K$1K$333
Office expensesLn 13$889$889
TravelLn 17$40$40
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$27K$27K
Other expenses (24a–d)Ln 24$141K$141K
Total functional expensesLn 25$196K$183K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $137K$196K−$58K$218K 990 PDF
FY2021 $220K$201K$20K$280K 990 PDF
FY2020 $342K$175K$167K$259K 990 PDF
FY2019 $133K$181K−$48K$78K 990 PDF
FY2018 $102K$199K−$98K$127K 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 FY2022 990 (6 parts)
Part I · Summary $137,356 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $220,170$137,353
I-10 Investment incomePrior year $120$3
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $220,290$137,356
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,853$12,518
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $187,779$183,095
I-18 Total expensesPrior year $200,632$195,613
I-19 Revenue less expensesPrior year $19,658−$58,257
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $137,356 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $137,353$137,353
VIII-3 Investment incomeExcluded from tax $3$3
VIII-12 Total revenueRelated to mission $137,353 · Unrelated business $0 · Excluded from tax $3$137,356
Part IX · Statement of functional expenses $195,613 across 11 lines filed
IX-7 Other salaries and wagesManagement $8,553$8,553
IX-8 Pension plan contributionsManagement $1,495$1,495
IX-9 Other employee benefitsManagement $1,267$1,267
IX-10 Payroll taxesManagement $1,203$1,203
IX-11c Accounting feesManagement $237$237
IX-11g Other fees for servicesPrograms $1,192 · Management $333$1,525
IX-13 Office expensesPrograms $889$889
IX-17 TravelPrograms $40$40
IX-20 InterestPrograms $11,879$11,879
IX-22 Depreciation, depletion and amortizationPrograms $27,435$27,435
IX-24 Other expenses (24a–d)Programs $141,090$141,090
IX-25 Total functional expensesPrograms $182,525 · Management $13,088 · Fundraising $0$195,613
Part X · Balance sheet $1,237,402 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $26,748$157,285
X-4 Accounts receivableStart of year $16,347$18,359
X-10c Land, buildings and equipment, netStart of year $993,729$966,294
X-14 Intangible assetsStart of year $5,633$5,177
X-15 Other assetsStart of year $97,033$90,287
X-16 Total assetsStart of year $1,148,921$1,237,402
X-17 Accounts payable and accrued expensesStart of year $316,478$496,944
X-26 Total liabilitiesStart of year $869,181$1,019,291
X-32 Total net assets or fund balancesStart of year $279,740$218,111
X-33 Total liabilities and net assetsStart of year $1,148,921$1,237,402
Part XI · Reconciliation of net assets $218,111 net assets at year end
XI-1 Total revenue$137,356
XI-2 Total expenses$195,613
XI-3 Revenue less expenses−$58,257
XI-4 Net assets at start of year$279,740
XI-9 Other changes in net assets−$3,372
XI-10 Net assets at end of year$218,111

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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