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Network Housing 2005 INC FY2022 filing

Tax-deductible

Columbus, OH501(c)(3)Housing EIN 57-1228802Revenue $155K in FY2022

On file with the IRS1680 Watermark Dr, 43215-1034 · Columbus, OHTax-exempt since Jan 2007Publicly supported — 509(a)(2)

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15-unit rental Housing project for low income persons with disabilities.

501(c)(3) charity; gifts are tax-deductible.
91¢ 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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FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $99K a year · 63% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$410K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$155K
+10% vs prior year
Spent
$271K
To programs
91%
Net assets
$614K
By yearFY2020–FY2024
Revenue
$155K
FY2022▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$155K
FY2021$142K
FY2022$155K
FY2023$140K
FY2024$197K
Expenses
$271K
FY2022▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$197K
FY2021$252K
FY2022$271K
FY2023$324K
FY2024$240K
Net assets
$614K
FY2022▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$841K
FY2021$730K
FY2022$614K
FY2023$424K
FY2024$382K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2007.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $248K Management & general 9% · $23K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Christina Alutto
Cao & CFO - Part Year
$0Pt VII · Sec A
$0Pt VII · Sec A
Steven Spangler
Vice Chair
$0Pt VII · Sec A
John Royer
Secretary/Treasurer
$0Pt VII · Sec A
Linda S Janes
Board Member
$0Pt VII · Sec A
Dean W Weinert
Board Member
$0Pt VII · Sec A
Brandon Guisinger
Board Member
$0Pt VII · Sec A
See Network Housing 2005 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 15 rental homes for low-income individuals with disabilities.

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Provided by the organization

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1 program · $248K · in their own filed words · FY2022
01

This development provides 15 units of safe, affordable housing linked to rental subsidies and services for low-income persons disabled with mental illness. The site also includes a community building and laundry.

$248Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$155K
Ln 12
Gifts and grantsLn 1h$106K
Fees for servicesLn 2g$49K
Investment incomeLn 3$740
Money outPt IX
$271K
Ln 25
Programscol B$248K
Managementcol C$23K
Owns and owesPt X
$614K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$1.0M
LiabilitiesLn 26$410K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$106K
Government grantsLn 1e$106K
Fees for servicesLn 2g$49K
Investment incomeLn 3$740
Total revenueLn 12$155K
Assets in detailPt X, end of year
CashLn 1$6K
Cash and savings togetherLn 1–2$6K
Land, buildings, equipmentLn 10c$986K
Other assetsLn 15$32K
Total assetsLn 16$1.0M
LiabilitiesLn 26$410K
Net assetsLn 32$614K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$569$6K
Land, buildings, equipmentLn 10c$1.0M$986K
Total assetsLn 16$1.1M$1.0M
LiabilitiesLn 26$340K$410K
Net assetsLn 32$730K$614K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$25K$25K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$2K$2K
Management feesLn 11a$12K$12K
Legal feesLn 11b$437$437
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$49K$49K
Office expensesLn 13$7K$7K
Information technologyLn 14$1K$1K
OccupancyLn 16$37K$37K
TravelLn 17$537$537
Depreciation, depletion and amortizationLn 22$45K$45K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$71K$71K
Total functional expensesLn 25$271K$248K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $197K$240K−$42K$382K 990 PDF
FY2023 $140K$324K−$184K$424K 990 PDF
FY2022 Viewing $155K$271K−$116K$614K 990 PDF
FY2021 $142K$252K−$110K$730K 990 PDF
FY2020 $155K$197K−$41K$841K 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 FY2022 990 (6 parts)
Part I · Summary $155,255 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $98,470$106,001
I-9 Program service revenuePrior year $42,353$48,514
I-10 Investment incomePrior year $725$740
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $141,548$155,255
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 $31,530$31,991
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $220,490$239,218
I-18 Total expensesPrior year $252,020$271,209
I-19 Revenue less expensesPrior year −$110,472−$115,954
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $155,255 across 5 lines filed
VIII-1e Government grants$106,001
VIII-1h Total contributions, gifts and grants$106,001
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,514$48,514
VIII-3 Investment incomeExcluded from tax $740$740
VIII-12 Total revenueRelated to mission $48,514 · Unrelated business $0 · Excluded from tax $740$155,255
Part IX · Statement of functional expenses $271,209 across 14 lines filed
IX-7 Other salaries and wagesPrograms $25,260$25,260
IX-9 Other employee benefitsPrograms $4,918$4,918
IX-10 Payroll taxesPrograms $1,813$1,813
IX-11a Management feesManagement $11,636$11,636
IX-11b Legal feesPrograms $437$437
IX-11c Accounting feesManagement $11,465$11,465
IX-11g Other fees for servicesPrograms $49,465$49,465
IX-13 Office expensesPrograms $6,542$6,542
IX-14 Information technologyPrograms $1,484$1,484
IX-16 OccupancyPrograms $37,345$37,345
IX-17 TravelPrograms $537$537
IX-22 Depreciation, depletion and amortizationPrograms $44,908$44,908
IX-23 InsurancePrograms $4,398$4,398
IX-24 Other expenses (24a–d)Programs $71,001$71,001
IX-25 Total functional expensesPrograms $248,108 · Management $23,101 · Fundraising $0$271,209
Part X · Balance sheet $1,023,884 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $569$5,853
X-10c Land, buildings and equipment, netStart of year $1,031,014$986,229
X-15 Other assetsStart of year $38,254$31,802
X-16 Total assetsStart of year $1,069,837$1,023,884
X-17 Accounts payable and accrued expensesStart of year $48,448$117,758
X-19 Deferred revenueStart of year $1,404$1,487
X-25 Other liabilitiesStart of year $289,705$290,313
X-26 Total liabilitiesStart of year $339,557$409,558
X-27 Net assets without donor restrictionsStart of year −$690,820−$806,774
X-28 Net assets with donor restrictionsStart of year $1,421,100$1,421,100
X-32 Total net assets or fund balancesStart of year $730,280$614,326
X-33 Total liabilities and net assetsStart of year $1,069,837$1,023,884
Part XI · Reconciliation of net assets $614,326 net assets at year end
XI-1 Total revenue$155,255
XI-2 Total expenses$271,209
XI-3 Revenue less expenses−$115,954
XI-4 Net assets at start of year$730,280
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$614,326

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

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