St Marks Towers INC FY2021 filing

Tax-deductible

St Simons Is, GA501(c)(3)Since 1974EIN 58-1357005Revenue $1.8M in FY2021

On file with the IRSstmarkstowers.com100 Main St, 31522-1681 · St Simons Is, GATax-exempt since Dec 1979Publicly supported — 509(a)(2)

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Housing for the elderly and elderly handicapped

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$23K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.1M a year · 45% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$23K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
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
Named funders
2
named funders · $28K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.0M
171% of total assets
Concern: liabilities are 171% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
+2% vs prior year
Spent
$1.6M
To programs
100%
Net assets
−$1.6M
By yearFY2020–FY2025
Revenue
$1.8M
FY2021▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.8M
FY2022$2.0M
FY2023$2.0M
FY2024$6.7M
FY2025$174K
Expenses
$1.6M
FY2021▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.7M
FY2023$1.6M
FY2024$1.2M
FY2025$16K
Net assets
−$1.6M
FY2021▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.8M
FY2021−$1.6M
FY2022−$1.4M
FY2023−$1.0M
FY2024$4.4M
FY2025$4.6M

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1979.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.6M

Form 990 Part IX, line 25. 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; $23K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Di
$23,283Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Asst Secreta
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Jenna Lightfoot——$65,240$23,283
Melinda Massey$52,898$28,950——

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.

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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 15aYes

Programs and updates

Provides affordable housing for seniors and the elderly with disabilities.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2020
01

To provide housing to the elderly and elderly handicapped in the low income to extremely low income brackets. One hundred fifty units are available for rent.

$1.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.7M
Other incomeLn 4–11$40K
Gifts and grantsLn 1h$5K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.6M
Owns and owesPt X
−$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$40K
Total assetsLn 16$2.3M
LiabilitiesLn 26$4.0M
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$308
Other incomeLn 4–11$40K
Gains on assetsLn 7$150
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$300
SavingsLn 2$39K
Cash and savings togetherLn 1–2$40K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$611K
Total assetsLn 16$2.3M
LiabilitiesLn 26$4.0M
Net assetsLn 32−$1.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderSeptember
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 FY21End FY21
Cash and savingsLn 1–2$24K$40K
Land, buildings, equipmentLn 10c$1.7M$1.5M
Total assetsLn 16$2.4M$2.3M
LiabilitiesLn 26$4.2M$4.0M
Net assetsLn 32−$1.8M−$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$23K$23K
Pay of disqualified personsLn 6$26K$26K
Other salaries and wagesLn 7$379K$379K
Pension plan contributionsLn 8$17K$17K
Other employee benefitsLn 9$50K$50K
Payroll taxesLn 10$33K$33K
Accounting feesLn 11c$22K$22K
Other fees for servicesLn 11g$175K$175K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$44K$44K
OccupancyLn 16$381K$381K
TravelLn 17$336$336
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$155K$155K
Depreciation, depletion and amortizationLn 22$266K$266K
InsuranceLn 23$24K$24K
Other expenses (24a–d)Ln 24$30K$30K
All other expensesLn 24e$13$13
Total functional expensesLn 25$1.6M$1.6M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $174K$16K$158K$4.6M 990 PDF
FY2024 $6.7M$1.2M$5.5M$4.4M 990 PDF
FY2023 $2.0M$1.6M$340K−$1.0M 990 PDF
FY2022 $2.0M$1.7M$272K−$1.4M 990 PDF
FY2021 Viewing $1.8M$1.6M$159K−$1.6M 990 PDF
FY2020 $1.8M$1.6M$103K−$1.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,791,715 revenue, 12 lines filed
I-8 Contributions and grants$5,000
I-9 Program service revenuePrior year $1,721,138$1,746,880
I-10 Investment incomePrior year $280$308
I-11 Other revenuePrior year $31,295$39,527
I-12 Total revenuePrior year $1,752,713$1,791,715
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $574,943$527,691
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,075,054$1,104,866
I-18 Total expensesPrior year $1,649,997$1,632,557
I-19 Revenue less expensesPrior year $102,716$159,158
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,791,715 across 7 lines filed
Lines not itemized here account for $235 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$5,000
VIII-1h Total contributions, gifts and grants$5,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,746,645$1,746,645
VIII-3 Investment incomeExcluded from tax $158$158
VIII-7 Net gain or loss on sales of assetsRelated to mission $150$150
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $39,527$39,527
VIII-12 Total revenueRelated to mission $1,786,557 · Excluded from tax $158$1,791,715
Part IX · Statement of functional expenses $1,632,557 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $23,283$23,283
IX-6 Pay of disqualified personsPrograms $25,603$25,603
IX-7 Other salaries and wagesPrograms $379,230$379,230
IX-8 Pension plan contributionsPrograms $16,784$16,784
IX-9 Other employee benefitsPrograms $49,777$49,777
IX-10 Payroll taxesPrograms $33,014$33,014
IX-11c Accounting feesPrograms $21,800$21,800
IX-11g Other fees for servicesPrograms $174,997$174,997
IX-12 Advertising and promotionPrograms $3,055$3,055
IX-13 Office expensesPrograms $43,639$43,639
IX-16 OccupancyPrograms $381,152$381,152
IX-17 TravelPrograms $336$336
IX-19 Conferences, conventions and meetingsPrograms $4,598$4,598
IX-20 InterestPrograms $154,624$154,624
IX-22 Depreciation, depletion and amortizationPrograms $266,203$266,203
IX-23 InsurancePrograms $23,986$23,986
IX-24 Other expenses (24a–d)Programs $30,463$30,463
IX-24e All other expensesPrograms $13$13
IX-25 Total functional expensesPrograms $1,632,557 · Management $0 · Fundraising $0$1,632,557
Part X · Balance sheet $2,321,860 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $300$300
X-2 Savings and temporary cash investmentsStart of year $23,882$39,232
X-4 Accounts receivable$955
X-9 Prepaid expenses and deferred chargesStart of year $8,680$12,512
X-10c Land, buildings and equipment, netStart of year $1,673,456$1,538,706
X-14 Intangible assetsStart of year $128,751$119,102
X-15 Other assetsStart of year $595,027$611,053
X-16 Total assetsStart of year $2,430,096$2,321,860
X-17 Accounts payable and accrued expensesStart of year $65,978$54,242
X-26 Total liabilitiesStart of year $4,236,657$3,969,263
X-27 Net assets without donor restrictionsStart of year −$1,806,561−$1,651,250
X-28 Net assets with donor restrictions$3,847
X-32 Total net assets or fund balancesStart of year −$1,806,561−$1,647,403
X-33 Total liabilities and net assetsStart of year $2,430,096$2,321,860
Part XI · Reconciliation of net assets −$1,647,403 net assets at year end
XI-1 Total revenue$1,791,715
XI-2 Total expenses$1,632,557
XI-3 Revenue less expenses$159,158
XI-4 Net assets at start of year−$1,806,561
XI-10 Net assets at end of year−$1,647,403

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

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