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Marion West INC FY2021 filing

Tax-deductible

Shelby, NC501(c)(3)Housing EIN 56-2153108Revenue $206K in FY2021

On file with the IRS110 Philbeck Street, 28150-5092 · Shelby, NCTax-exempt since Nov 1999Publicly supported charity — 170(b)(1)(A)(vi)

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Low income housing for the elderly.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $54K a year · 26% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$30K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$206K
Spent
$247K
To programs
96%
Net assets
$1.5M
By yearFY2021–FY2023
Revenue
$206K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$206K
FY2023$205K
Expenses
$247K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$247K
FY2023$273K
Net assets
$1.5M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.5M
FY2023$1.3M

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Nov 1999.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $236K Management & general 4% · $11K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Dick Strachan
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Marion West 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

Provides affordable housing for seniors with limited income.

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Provided by the organization

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1 program · $236K · in their own filed words · FY2020
01

37 unit apartment facility for the elderly under section 202 of the U.S. Housing act of 1959, as amended.

$236Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$206K
Ln 12
Gifts and grantsLn 1h$101K
Fees for servicesLn 2g$98K
Other incomeLn 4–11$8K
Money outPt IX
$247K
Ln 25
Programscol B$236K
Managementcol C$11K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$177K
Total assetsLn 16$1.6M
LiabilitiesLn 26$30K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$101K
Government grantsLn 1e$101K
Fees for servicesLn 2g$98K
Investment incomeLn 3$129
Other incomeLn 4–11$8K
Gains on assetsLn 7−$847
Total revenueLn 12$206K
Assets in detailPt X, end of year
CashLn 1$37K
SavingsLn 2$141K
Cash and savings togetherLn 1–2$177K
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$13K
Total assetsLn 16$1.6M
LiabilitiesLn 26$30K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
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 FY21End FY21
Cash and savingsLn 1–2$154K$177K
Land, buildings, equipmentLn 10c$1.4M$1.4M
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$29K$30K
Net assetsLn 32$1.6M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$23K$23K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$599$599
Office expensesLn 13$7K$7K
OccupancyLn 16$25K$25K
Conferences, conventions and meetingsLn 19$550$550
Depreciation, depletion and amortizationLn 22$70K$70K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$61K$61K
All other expensesLn 24e$30K$30K$153
Total functional expensesLn 25$247K$236K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $205K$273K−$68K$1.3M 990 PDF
FY2022 Not on file
FY2021 Viewing $206K$247K−$41K$1.5M 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 FY2021 990 (6 parts)
Part I · Summary $205,959 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $109,154$100,805
I-9 Program service revenuePrior year $90,646$97,538
I-10 Investment incomePrior year −$2,431−$718
I-11 Other revenuePrior year $8,822$8,334
I-12 Total revenuePrior year $206,191$205,959
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $268,485$246,738
I-18 Total expensesPrior year $268,485$246,738
I-19 Revenue less expensesPrior year −$62,294−$40,779
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $205,959 across 7 lines filed
VIII-1e Government grants$100,805
VIII-1h Total contributions, gifts and grants$100,805
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $97,538$97,538
VIII-3 Investment incomeExcluded from tax $129$129
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$847−$847
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,334$8,334
VIII-12 Total revenueRelated to mission $105,872 · Unrelated business $0 · Excluded from tax −$718$205,959
Part IX · Statement of functional expenses $246,738 across 10 lines filed
IX-11a Management feesPrograms $23,383$23,383
IX-11c Accounting feesManagement $10,700$10,700
IX-12 Advertising and promotionPrograms $599$599
IX-13 Office expensesPrograms $7,014$7,014
IX-16 OccupancyPrograms $25,037$25,037
IX-19 Conferences, conventions and meetingsPrograms $550$550
IX-22 Depreciation, depletion and amortizationPrograms $70,478$70,478
IX-23 InsurancePrograms $17,937$17,937
IX-24 Other expenses (24a–d)Programs $60,807$60,807
IX-24e All other expensesPrograms $30,080 · Management $153$30,233
IX-25 Total functional expensesPrograms $235,885 · Management $10,853 · Fundraising $0$246,738
Part X · Balance sheet $1,554,369 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $33,605$36,700
X-2 Savings and temporary cash investmentsStart of year $120,616$140,547
X-4 Accounts receivableStart of year $208$412
X-9 Prepaid expenses and deferred chargesStart of year $1,360$5,301
X-10c Land, buildings and equipment, netStart of year $1,427,286$1,358,523
X-15 Other assetsStart of year $11,644$12,886
X-16 Total assetsStart of year $1,594,719$1,554,369
X-17 Accounts payable and accrued expensesStart of year $18,839$18,763
X-25 Other liabilitiesStart of year $10,269$10,774
X-26 Total liabilitiesStart of year $29,108$29,537
X-27 Net assets without donor restrictionsStart of year $1,565,611$1,524,832
X-32 Total net assets or fund balancesStart of year $1,565,611$1,524,832
X-33 Total liabilities and net assetsStart of year $1,594,719$1,554,369
Part XI · Reconciliation of net assets $1,524,832 net assets at year end
XI-1 Total revenue$205,959
XI-2 Total expenses$246,738
XI-3 Revenue less expenses−$40,779
XI-4 Net assets at start of year$1,565,611
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,524,832

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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