McDowell County Housing Action Network EIN 55-0783816 Form 990 (PDF) Claim this org

McDowell County Housing Action Network

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Provides housing for low-income, elderly individuals to improve their quality of life. For fiscal year 2024 it reported $76K in revenue, $90K in expenses, and $728K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Welch, WV
Website
www.shedhousing.org
Filings
5 on file (2020–2024)
Revenue
$76KFY2024
Expenses
$90K
Net assets
$728K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  55-0783816 Public charity (501(c)(3)) Welch, WV
Form 990 (PDF)
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Size
<$100K
What they do
Provides housing for low-income, elderly individuals to improve their quality of life.
Leadership
Delores Johnson · President
Money in and out
$76K revenue, $90K expenses
Bottom line
82% program efficiency
Where the money goes · FY2024
Total revenue
$76K
Pt VIII · Ln 12
Total expenses
$90K
Pt IX · Ln 25
Net assets
$728K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$14K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Program efficiency
82%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
2.6mo
months of highly liquid reserves at operating expense rate▲ +225% vs prior filing year
Surplus margin
-18%
revenue over expenses, this year▲ +53% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$76K
FY2024▲ +8%
Expenses
$90K
FY2024▼ -8%
Total assets
$793K
FY2024▼ -3%
Total liabilities
$65K
FY2024▼ -15%
Total revenue
$76K
Pt VIII · Ln 12
Total expenses
$90K
Pt IX · Ln 25
Net assets
$728K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$14K
Total assetsPt X · Ln 16$793K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $74K of program spending, described in the organization's own filed words · FY2024.
01

The corporation provides housing to low-income, elderly individuals and has 15 units available for rental. All expenses are attributed to the facility.

$74Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMcDowell County Housing Action Network
EINHdr · item D55-0783816
Principal addressHdr · item CWelch, WV
WebsiteHdr · item Jwww.shedhousing.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21)
Ruling yearIRS BMFMay 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Managing Age
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$45K · 59%
Contributions & grants$32K · 41%
Program service revenue59%$45K
Contributions & grants41%$32K
Investment income$44
— government grantsLn 1e$32K
Total revenueLn 12$76K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$74K
Management & general18%$17K
Total functional expensesLn 25$90K

Balance Sheet

Part X · end of year
CashLn 1$20K
Total assetsLn 16$793K
Total liabilitiesLn 26$65K
Total net assetsLn 32$728K
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $20K · Operating expenses/yr $90K
2.6 months
Where the money goes
Program services
Program services $74K · Total expenses $90K
82%
Management & General
Management & general $17K · Total expenses $90K
18%
Fundraising
Fundraising $0 · Total expenses $90K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $367
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $32K · Total revenue $76K
41%
Government reliance
Government grants $32K · Total revenue $76K
41%
Earned-income share
Program service revenue $45K · Total revenue $76K
59%
Investment reliance
Investment income $44 · Total revenue $76K
+0.06%
Program self-sufficiency
Program service revenue $45K · Total expenses $90K
49%
Growth & trend
Revenue growth (YoY)
This year $76K · Prior year $70K
+8%
Revenue CAGR
FY2020 $52K · FY2024 $76K
+10%
Net-asset trend (YoY)
End of year $728K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $76K · Expenses $90K
-18%
Liabilities-to-Assets
Total liabilities — · Total assets $793K
Net-asset ratio
Net assets $728K · Total assets $793K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $793K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Delores Johnson · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $90K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6K · Total expenses $90K
7%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Fundraising cost ratio 0%
Revenue growth 8%
Accounting fee ratio 7%

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$76K revenue · viewing · ⤓ 990 PDF
FY2023$70K revenue · ⤓ 990 PDF
FY2022$52K revenue · ⤓ 990 PDF
FY2021$49K revenue · ⤓ 990 PDF
FY2020$52K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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