Sterling Grove Housing Development

Tax-deductible

Lafayette, LA501(c)(3)EIN 58-1623240Revenue $349K in FY2025

On file with the IRS110 Statesman Drive, 70506-8277 · Lafayette, LATax-exempt since Aug 1985Publicly supported — 509(a)(2)

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Provides Housing to disabled and eligible low-income persons through the operation of a multi-family Housing complex under section 202 and section 8 of the national Housing act regulated by the u.s. Department of Housing and urban Development.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
3 of 6
filings with a surplus
Average surplus $3K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
131% of total assets
Concern: liabilities are 131% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$349K
+4% vs prior year
Spent
$346K
To programs
74%
Net assets
−$311K
By yearFY2020–FY2025
Revenue
$349K
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$303K
FY2021$306K
FY2022$307K
FY2023$323K
FY2024$336K
FY2025$349K
Expenses
$346K
FY2025▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$277K
FY2021$291K
FY2022$323K
FY2023$325K
FY2024$341K
FY2025$346K
Net assets
−$311K
FY2025▲ +1.0%
Tap a bar for its year
Net assets by fiscal year
FY2020−$305K
FY2021−$290K
FY2022−$306K
FY2023−$308K
FY2024−$314K
FY2025−$311K

From the FY2025 Form 990 (year ending September 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1985.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $256K Management & general 26% · $90K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Sterling Grove Housing Development 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

Offers affordable housing for disabled, low-income individuals.

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Provided by the organization

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1 program · $256K · in their own filed words · FY2024
01

Provides government assisted housing to eligible low-income and disabled tenants through the operation of a 36 unit multi-family housing complex, under section 202 and section 8 of the national housing act regulated by the U.S. Department of housing and urban development.

$256Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$349K
Ln 12
Fees for servicesLn 2g$349K
Investment incomeLn 3$462
Money outPt IX
$346K
Ln 25
Programscol B$256K
Managementcol C$90K
Owns and owesPt X
−$311K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$349K
Investment incomeLn 3$462
Gains on assetsLn 7$0
Total revenueLn 12$349K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$0
Cash and savings togetherLn 1–2$2K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$687K
Other assetsLn 15$290K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.3M
Net assetsLn 32−$311K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
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 FY25End FY25
Cash and savingsLn 1–2$28K$2K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$719K$687K
Total assetsLn 16$1.0M$1.0M
LiabilitiesLn 26$1.4M$1.3M
Net assetsLn 32−$314K−$311K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$61K$61K
Legal feesLn 11b$0
Accounting feesLn 11c$14K$14K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$22K$22K
Advertising and promotionLn 12$0
Office expensesLn 13$14K$14K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$56K$56K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$710$710
InterestLn 20$53K$53K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$57K$57K
InsuranceLn 23$47K$47K
Other expenses (24a–d)Ln 24$22K$22K
All other expensesLn 24e$0
Total functional expensesLn 25$346K$256K$90K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $349K$346K$3K−$311K 990 PDF
FY2024 $336K$341K−$5K−$314K 990 PDF
FY2023 $323K$325K−$2K−$308K 990 PDF
FY2022 $307K$323K−$16K−$306K 990 PDF
FY2021 $306K$291K$15K−$290K 990 PDF
FY2020 $303K$277K$26K−$305K 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 FY2025 990 (6 parts)
Part I · Summary $349,158 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $335,117$348,696
I-10 Investment incomePrior year $907$462
I-11 Other revenue$0
I-12 Total revenuePrior year $336,024$349,158
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 $341,342$346,033
I-18 Total expensesPrior year $341,342$346,033
I-19 Revenue less expensesPrior year −$5,318$3,125
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $349,158 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $348,696$348,696
VIII-3 Investment incomeRelated to mission $462$462
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $349,158$349,158
Part IX · Statement of functional expenses $346,033 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $61,098$61,098
IX-11b Legal fees$0
IX-11c Accounting feesManagement $13,910$13,910
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $21,959$21,959
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $14,000$14,000
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $55,696$55,696
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $710$710
IX-20 InterestPrograms $52,522$52,522
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $57,094$57,094
IX-23 InsurancePrograms $47,423$47,423
IX-24 Other expenses (24a–d)Programs $21,621$21,621
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $256,315 · Management $89,718 · Fundraising $0$346,033
Part X · Balance sheet $1,002,515 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $28,053$1,855
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $23,112$24,310
X-10c Land, buildings and equipment, netStart of year $718,799$686,643
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $269,941$289,707
X-16 Total assetsStart of year $1,039,905$1,002,515
X-17 Accounts payable and accrued expensesStart of year $13,403$4,985
X-25 Other liabilitiesStart of year $14,326$14,417
X-26 Total liabilitiesStart of year $1,353,618$1,313,103
X-27 Net assets without donor restrictionsStart of year −$313,713−$310,588
X-32 Total net assets or fund balancesStart of year −$313,713−$310,588
X-33 Total liabilities and net assetsStart of year $1,039,905$1,002,515
Part XI · Reconciliation of net assets −$310,588 net assets at year end
XI-1 Total revenue$349,158
XI-2 Total expenses$346,033
XI-3 Revenue less expenses$3,125
XI-4 Net assets at start of year−$313,713
XI-10 Net assets at end of year−$310,588

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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