Calhoun Homes INC EIN 55-0528152 Form 990 (PDF) Claim this org

Calhoun Homes INC

Not yet claimed Claim this org →

Provides subsidized housing for low-income residents in a 24-unit apartment complex. For fiscal year 2025 it reported $251K in revenue, $177K in expenses, and $87K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Mount Zion, WV
Filings
6 on file (2020–2025)
Revenue
$251KFY2025
Expenses
$177K
Net assets
$87K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  55-0528152 Public charity (501(c)(3)) Mount Zion, WV
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Calhoun Homes INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Provides subsidized housing for low-income residents in a 24-unit apartment complex.
Leadership
Carol Sloane · President
Money in and out
$251K revenue, $177K expenses
Bottom line
89% program efficiency
Where the money goes · FY2025
Total revenue
$251K
Pt VIII · Ln 12
Total expenses
$177K
Pt IX · Ln 25
Net assets
$87K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $74K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Program efficiency
89%
of spending reaches programs-0.02% vs prior filing year
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate▲ +85% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▲ +9% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$251K
FY2025▼ -8%
Expenses
$177K
FY2025▼ -11%
Total assets
$246K
FY2025▲ +53%
Total liabilities
$160K
FY2025▲ +7%
Total revenue
$251K
Pt VIII · Ln 12
Total expenses
$177K
Pt IX · Ln 25
Net assets
$87K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$74K
Total assetsPt X · Ln 16$246K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCalhoun Homes INC
EINHdr · item D55-0528152
Principal addressHdr · item CMount Zion, WV
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21)
Ruling yearIRS BMFAug 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Michele Smith’s $28K as Manager is at the 21st percentile of top reported officer pay among 849 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Michele Smith$28,080$30,420

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Calhoun Homes INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $157K of program spending, described in the organization's own filed words · FY2024.
01

The orginization operates a 24 unit apartment complex in MT zion WV

$157Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Other revenue100%$251K
Investment income$1
Total revenueLn 12$251K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$157K
Management & general11%$19K
Total functional expensesLn 25$177K

Balance Sheet

Part X · end of year
CashLn 1$55K
Total assetsLn 16$246K
Total liabilitiesLn 26$160K
Total net assetsLn 32$87K
Months of cash on handcomputed3.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $55K · Operating expenses/yr $177K
3.7 months
Where the money goes
Program services
Program services $157K · Total expenses $177K
89%
Management & General
Management & general $19K · Total expenses $177K
11%
Fundraising
Fundraising $0 · Total expenses $177K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $251K
0%
Government reliance
Government grants $0 · Total revenue $251K
0%
Earned-income share
Program service revenue $0 · Total revenue $251K
0%
Investment reliance
Investment income $1 · Total revenue $251K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $177K
0%
Growth & trend
Revenue growth (YoY)
This year $251K · Prior year $273K
-8%
Revenue CAGR
FY2019 $164K · FY2024 $251K
+9%
Net-asset trend (YoY)
End of year $87K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $251K · Expenses $177K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $246K
Net-asset ratio
Net assets $87K · Total assets $246K
35%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $246K
0%
People & payroll
Highest Reported Total Compensation
Individual Carol Sloane · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $177K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $53K · Total expenses $177K
30%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Revenue growth -8%
Investment management fee ratio 0%
Legal fee ratio 0.2%
Accounting fee ratio 0.5%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$28K

Similar Organizations

Closest in mission — by what they do
See all organizations like Calhoun Homes INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$251K revenue · viewing · ⤓ 990 PDF
FY2024$273K revenue · ⤓ 990 PDF
FY2023$199K revenue · ⤓ 990 PDF
FY2022$200K revenue · ⤓ 990 PDF
FY2021$200K revenue · ⤓ 990 PDF
FY2020$164K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.