Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1993.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
14 people listed on the 990.
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
Builds and manages housing projects to improve the lives of low-income people.
Questions for Forsyth Economic Ventures INC
Your first name shows with your question. Forsyth Economic Ventures INC answers here, for everyone.
To provide housing for persons of low and moderate income and improve their quality of life. Forsyth Economic Ventures, INC. Is a partner, owner, or interest holder of various housing projects, development and construction projects.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-1831053) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $816K | $1.5M |
| Land, buildings, equipmentLn 10c | $6.0M | $3.9M |
| Total assetsLn 16 | $7.0M | $5.6M |
| LiabilitiesLn 26 | $5.9M | $4.4M |
| Net assetsLn 32 | $1.1M | $1.2M |
| Line | FY25 | FY24 |
|---|---|---|
| Gross | $1.0M | $616K |
| Net | $151K | −$143K |
| Tax | $6K | $0 |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $464K | $464K | ||
| Other salaries and wagesLn 7 | $139K | $139K | ||
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $5K | $5K | ||
| Advertising and promotionLn 12 | $141 | $141 | ||
| Office expensesLn 13 | $168K | $168K | ||
| InterestLn 20 | $82K | $82K | ||
| Depreciation, depletion and amortizationLn 22 | $192K | $192K | ||
| InsuranceLn 23 | $248K | $248K | ||
| Other expenses (24a–d)Ln 24 | $381K | $381K | ||
| All other expensesLn 24e | $40K | $40K | ||
| Total functional expensesLn 25 | $1.7M | $1.7M | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Aug 17, 2026 | $1.8M | $1.7M | $64K | $1.2M | 990 PDF |
| FY2024Filed with the IRS Aug 11, 2025 | $1.4M | $1.8M | −$384K | $1.1M | 990 PDF |
| FY2023Filed with the IRS Aug 8, 2024 | $1.7M | $1.5M | $155K | $1.5M | 990 PDF |
| FY2022Filed with the IRS Jul 28, 2023 | $1.4M | $1.5M | −$136K | $1.4M | 990 PDF |
| FY2021Filed with the IRS Aug 12, 2022 | $1.6M | $1.3M | $290K | $1.5M | 990 PDF |
| FY2020Filed with the IRS May 11, 2021 | $1.2M | $1.4M | −$136K | $1.2M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $1,785,090 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 1 to look at
Part VIII · Statement of revenue $1,785,090 across 4 lines filed
Part IX · Statement of functional expenses $1,721,066 across 11 lines filed
Part X · Balance sheet $5,562,147 assets, 15 lines filed
Part XI · Reconciliation of net assets $1,205,773 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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