Matthew 25 Incorporated FY2020 filing

Tax-deductible

Nashville, TN501(c)(3)Since 1986EIN 58-1673641Revenue $679K in FY2020

On file with the IRSmatthew25nashville.orgPo Box 158461, 37215-8461 · Nashville, TNTax-exempt since Sep 1986Publicly supported charity — 170(b)(1)(A)(vi)

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We are determined to alleviate homelessness by providing the resources for men to build a foundation on which they can transition to self-sufficiency. Continued on schedule o...

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$79K 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

FY2020 · 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
2 of 6
filings with a surplus
Average deficit $36K a year · 4% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$79K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $85K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$156K
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$679K
Spent
$746K
To programs
85%
Net assets
$115K
By yearFY2020–FY2025
Revenue
$679K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$679K
FY2021$759K
FY2022$923K
FY2023$1.1M
FY2024$1.4M
FY2025$1.3M
Expenses
$746K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$746K
FY2021$852K
FY2022$914K
FY2023$1.2M
FY2024$1.3M
FY2025$1.4M
Net assets
$115K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$115K
FY2021$22K
FY2022$31K
FY2023−$23K
FY2024$78K
FY2025−$45K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Sep 1986.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $635K Management & general 12% · $88K Fundraising 3% · $22K

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

14 people listed on the 990; $79K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director (jul-Jan)
$78,735Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
James P Ward$108,846$100,000$100,000$105,000$83,846—
Matthew Gray—————$78,735

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

Helps homeless men build foundations for self-sufficiency.

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Provided by the organization

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3 programs · $635K · in their own filed words · FY2019
01

Transitional Housing Program for Individuals & Veterans

Matthew 25, in co-operation with the department of veterans affairs, va homeless services, the substance abuse treatment program, and various additional va, employment, and community service agencies, has a program in place to assist homeless individuals and veterans increase self sufficiency, foster self determination, and achieve…

$570Kprogram expense
02

Progressive Housing

Matthew 25 attempts to move homeless men from housing in a group setting to individualized housing. This is a personal process based on the skills and preparedness of each participant. The ultimate goal is for each person to have a place he can call home and for him to maintain that home.

$45Kprogram expense
03

Another service matthew 25 provides is to provide sixteen (16) low income housing units to single renters one floor above the site of the matthew 25 transitional program. These units are rented primarily to individuals who have completed a transitional program but who will incur great difficulty in securing offsite housing on their own…

$20Kprogram 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 · FY2024
See all 4 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$679K
Ln 12
Gifts and grantsLn 1h$577K
Fees for servicesLn 2g$94K
Other incomeLn 4–11$8K
Money outPt IX
$746K
Ln 25
Programscol B$635K
Managementcol C$88K
Fundraisingcol D$22K
Owns and owesPt X
$115K
net assets · Ln 32
Cash and savingsLn 1–2$144K
Total assetsLn 16$271K
LiabilitiesLn 26$156K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$577K
Government grantsLn 1e$437K
Fees for servicesLn 2g$94K
Investment incomeLn 3$154
Other incomeLn 4–11$8K
Total revenueLn 12$679K
Assets in detailPt X, end of year
CashLn 1$62
SavingsLn 2$144K
Cash and savings togetherLn 1–2$144K
Land, buildings, equipmentLn 10c$77K
Total assetsLn 16$271K
LiabilitiesLn 26$156K
Net assetsLn 32$115K
OperationsPt I, VI
EmployeesI 525
VolunteersI 6125
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$110K$144K
Land, buildings, equipmentLn 10c$95K$77K
Total assetsLn 16$235K$271K
LiabilitiesLn 26$53K$156K
Net assetsLn 32$182K$115K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$96K$83K$10K$3K
Other salaries and wagesLn 7$356K$309K$36K$11K
Other employee benefitsLn 9$24K$21K$2K$724
Payroll taxesLn 10$43K$37K$4K$1K
Accounting feesLn 11c$23K$14K$9K
Other fees for servicesLn 11g$18K$16K$2K$544
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$8K$5K$3K$156
Information technologyLn 14$2K$1K$909
OccupancyLn 16$75K$67K$7K
TravelLn 17$1K$1K
Depreciation, depletion and amortizationLn 22$18K$15K$3K
InsuranceLn 23$28K$24K$4K
Other expenses (24a–d)Ln 24$50K$41K$6K$2K
All other expensesLn 24e$816$816
Total functional expensesLn 25$746K$635K$88K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.3M$1.4M−$123K−$45K 990 PDF
FY2024 $1.4M$1.3M$106K$78K 990 PDF
FY2023 $1.1M$1.2M−$51K−$23K 990 PDF
FY2022 $923K$914K$9K$31K 990 PDF
FY2021 $759K$852K−$93K$22K 990 PDF
FY2020 Viewing $679K$746K−$67K$115K 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 FY2020 990 (6 parts)
Part I · Summary $679,199 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $537,429$576,880
I-9 Program service revenuePrior year $115,304$94,477
I-10 Investment incomePrior year $608$154
I-11 Other revenuePrior year $7,610$7,688
I-12 Total revenuePrior year $660,951$679,199
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 $418,915$518,405
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $227,913$227,641
I-18 Total expensesPrior year $646,828$746,046
I-19 Revenue less expensesPrior year $14,123−$66,847
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $679,199 across 7 lines filed
VIII-1e Government grants$436,580
VIII-1f All other contributions, gifts and grants$140,300
VIII-1h Total contributions, gifts and grants$576,880
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $94,477$94,477
VIII-3 Investment incomeExcluded from tax $154$154
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $7,688$7,688
VIII-12 Total revenueRelated to mission $94,477 · Unrelated business $0 · Excluded from tax $7,842$679,199
Part IX · Statement of functional expenses $746,046 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $83,079 · Management $9,677 · Fundraising $2,854$95,610
IX-7 Other salaries and wagesPrograms $308,949 · Management $35,987 · Fundraising $10,614$355,550
IX-9 Other employee benefitsPrograms $21,065 · Management $2,454 · Fundraising $724$24,243
IX-10 Payroll taxesPrograms $37,366 · Management $4,352 · Fundraising $1,284$43,002
IX-11c Accounting feesPrograms $13,730 · Management $9,153$22,883
IX-11g Other fees for servicesPrograms $15,843 · Management $1,846 · Fundraising $544$18,233
IX-12 Advertising and promotionFundraising $4,383$4,383
IX-13 Office expensesPrograms $5,371 · Management $2,740 · Fundraising $156$8,267
IX-14 Information technologyPrograms $1,066 · Management $909$1,975
IX-16 OccupancyPrograms $67,351 · Management $7,240$74,591
IX-17 TravelPrograms $1,310$1,310
IX-22 Depreciation, depletion and amortizationPrograms $15,138 · Management $2,671$17,809
IX-23 InsurancePrograms $23,617 · Management $4,167$27,784
IX-24 Other expenses (24a–d)Programs $41,468 · Management $6,301 · Fundraising $1,821$49,590
IX-24e All other expensesManagement $816$816
IX-25 Total functional expensesPrograms $635,353 · Management $88,313 · Fundraising $22,380$746,046
Part X · Balance sheet $271,128 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $52,273$62
X-2 Savings and temporary cash investmentsStart of year $58,132$144,370
X-3 Pledges and grants receivableStart of year $29,664$49,987
X-10c Land, buildings and equipment, netStart of year $94,517$76,709
X-16 Total assetsStart of year $234,586$271,128
X-17 Accounts payable and accrued expensesStart of year $22,484$23,848
X-19 Deferred revenue$87,230
X-24 Unsecured notes and loans payable$35,000
X-25 Other liabilitiesStart of year $30,078$9,873
X-26 Total liabilitiesStart of year $52,562$155,951
X-27 Net assets without donor restrictionsStart of year $178,206$101,359
X-28 Net assets with donor restrictionsStart of year $3,818$13,818
X-32 Total net assets or fund balancesStart of year $182,024$115,177
X-33 Total liabilities and net assetsStart of year $234,586$271,128
Part XI · Reconciliation of net assets $115,177 net assets at year end
XI-1 Total revenue$679,199
XI-2 Total expenses$746,046
XI-3 Revenue less expenses−$66,847
XI-4 Net assets at start of year$182,024
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$115,177

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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