Cobb Center INC FY2021 filing

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To provide rental units for the elderly and handicapped

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-1549679) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $19K a year · 9% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
32.0 mo
of spending, in cash
32.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$891K
95% of total assets
Liabilities are 95% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$211K
+5% vs prior year
Spent
$183K
To programs
80%
Net assets
$43K
By yearFY2020–FY2025
Revenue
$211K
FY2021▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$200K
FY2021$211K
FY2022$208K
FY2023$221K
FY2024$228K
FY2025$231K
Expenses
$183K
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$177K
FY2021$183K
FY2022$181K
FY2023$195K
FY2024$203K
FY2025$247K
Net assets
$43K
FY2021▲ +181%
Tap a bar for its year
Net assets by fiscal year
FY2020$15K
FY2021$43K
FY2022$69K
FY2023$95K
FY2024$120K
FY2025$105K

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

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1989.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $147K Management & general 20% · $36K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Secretary
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
See Cobb Center INC executive salaries →

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 rental housing for seniors and people with disabilities.

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1 program · $147K · in their own filed words · FY2020
01

Program Services

The funds were used to provide 24 below market rental units to serve the needs of the elderly and handicapped

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-1549679) · Dispute this line
$147Kprogram expense

Funders

Who pays for it.

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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $913K federal money spent
Mortgage Insurance Rental Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.138 · Direct$776K
Lower Income Housing Assistance Program_section 8 New Construction/Substantial RehabilitationDepartment of Housing and Urban Development · ALN 14.182 · Direct$138K

The auditor reported no findings.

Year ending Jun 2024 · $931K federal money spent
Mortgage Insurance Rental Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.138 · Direct$797K
Section 8 New Construction and Substantial Rehabilitation (section 8 Housing Assistance Payments)Department of Housing and Urban Development · ALN 14.182 · Direct$134K

The auditor reported: a material weakness in money controls.

Year ending Jun 2023 · $952K federal money spent
Mortgage Insurance_rental Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.138 · Direct$817K
Section 8 New Construction and Substantial RehabilitationDepartment of Housing and Urban Development · ALN 14.182 · Direct$134K

The auditor reported no findings.

Year ending Jun 2022 · $964K federal money spent
Mortgage Insurance_rental Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.138 · Direct$837K
Section 8 New Construction and Substantial RehabilitationDepartment of Housing and Urban Development · ALN 14.182 · Direct$126K

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$211K
Ln 12
Fees for servicesLn 2g$206K
Other incomeLn 4–11$4K
Investment incomeLn 3$468
Money outPt IX
$183K
Ln 25
Programscol B$147K
Managementcol C$36K
Owns and owesPt X
$43K
net assets · Ln 32
Cash and savingsLn 1–2$488K
Total assetsLn 16$934K
LiabilitiesLn 26$891K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$206K
Investment incomeLn 3$468
Other incomeLn 4–11$4K
Total revenueLn 12$211K
Assets in detailPt X, end of year
CashLn 1$488K
Cash and savings togetherLn 1–2$488K
Prepaid expenses and deferred chargesLn 9$10K
Land, buildings, equipmentLn 10c$370K
Other assetsLn 15$66K
Total assetsLn 16$934K
LiabilitiesLn 26$891K
Net assetsLn 32$43K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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$563K$488K
Land, buildings, equipmentLn 10c$257K$370K
Total assetsLn 16$900K$934K
LiabilitiesLn 26$885K$891K
Net assetsLn 32$15K$43K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$16K$16K
Accounting feesLn 11c$11K$11K
Office expensesLn 13$8K$8K
OccupancyLn 16$31K$31K
InterestLn 20$36K$36K
Depreciation, depletion and amortizationLn 22$34K$34K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$35K$35K$286
Total functional expensesLn 25$183K$147K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $231K$247K−$15K$105K 990 PDF
FY2024Filed with the IRS Jan 27, 2025 $228K$203K$25K$120K 990 PDF
FY2023Filed with the IRS Mar 15, 2024 $221K$195K$26K$95K 990 PDF
FY2022Filed with the IRS Nov 14, 2022 $208K$181K$26K$69K 990 PDF
FY2021 ViewingFiled with the IRS Feb 25, 2022 $211K$183K$28K$43K 990 PDF
FY2020Filed with the IRS Feb 16, 2021 $200K$177K$23K$15K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $210,705 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $196,858$206,414
I-10 Investment incomePrior year $1,140$468
I-11 Other revenuePrior year $1,921$3,823
I-12 Total revenuePrior year $199,919$210,705
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $176,756$183,067
I-18 Total expensesPrior year $176,756$183,067
I-19 Revenue less expensesPrior year $23,163$27,638
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $210,705 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $206,414$206,414
VIII-3 Investment incomeExcluded from tax $468$468
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,823$3,823
VIII-12 Total revenueRelated to mission $206,414 · Excluded from tax $4,291$210,705
Part IX · Statement of functional expenses $183,067 across 8 lines filed
IX-11a Management feesManagement $15,996$15,996
IX-11c Accounting feesManagement $11,200$11,200
IX-13 Office expensesManagement $8,472$8,472
IX-16 OccupancyPrograms $31,232$31,232
IX-20 InterestPrograms $35,552$35,552
IX-22 Depreciation, depletion and amortizationPrograms $34,211$34,211
IX-23 InsurancePrograms $11,538$11,538
IX-24 Other expenses (24a–d)Programs $34,580 · Management $286$34,866
IX-25 Total functional expensesPrograms $147,113 · Management $35,954 · Fundraising $0$183,067
Part X · Balance sheet $933,607 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $562,792$487,972
X-9 Prepaid expenses and deferred chargesStart of year $12,043$9,674
X-10c Land, buildings and equipment, netStart of year $256,817$370,309
X-15 Other assetsStart of year $68,232$65,652
X-16 Total assetsStart of year $900,239$933,607
X-17 Accounts payable and accrued expensesStart of year $20,567$45,965
X-23 Secured mortgages and notes payableStart of year $856,097$837,071
X-25 Other liabilitiesStart of year $8,330$7,688
X-26 Total liabilitiesStart of year $884,994$890,724
X-27 Net assets without donor restrictionsStart of year $15,245$42,883
X-32 Total net assets or fund balancesStart of year $15,245$42,883
X-33 Total liabilities and net assetsStart of year $900,239$933,607
Part XI · Reconciliation of net assets $42,883 net assets at year end
XI-1 Total revenue$210,705
XI-2 Total expenses$183,067
XI-3 Revenue less expenses$27,638
XI-4 Net assets at start of year$15,245
XI-10 Net assets at end of year$42,883

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

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