Matthew 25 Incorporated FY2021 filing

Tax-deductible

Nashville, TN501(c)(3)Since 1986EIN 58-1673641Revenue $759K in FY2021

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.
83¢ of each $1 spent went to programs.
$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 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
$150K
87% of total assets
Concern: liabilities are 87% of assets; over 80%.
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
$759K
+12% vs prior year
Spent
$852K
To programs
83%
Net assets
$22K
By yearFY2020–FY2025
Revenue
$759K
FY2021▲ +12%
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
$852K
FY2021▲ +14%
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
$22K
FY2021▼ -81%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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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 Sep 1986.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $706K Management & general 13% · $114K Fundraising 4% · $31K

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

11 people listed on the 990; $84K 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 Director
$83,846Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$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 · $706K · in their own filed words · FY2020
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…

$639Kprogram 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.

$54Kprogram 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…

$13Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$759K
Ln 12
Gifts and grantsLn 1h$696K
Fees for servicesLn 2g$51K
Other incomeLn 4–11$12K
Money outPt IX
$852K
Ln 25
Programscol B$706K
Managementcol C$114K
Fundraisingcol D$31K
Owns and owesPt X
$22K
net assets · Ln 32
Cash and savingsLn 1–2$76K
Total assetsLn 16$173K
LiabilitiesLn 26$150K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$696K
Government grantsLn 1e$482K
Fees for servicesLn 2g$51K
Investment incomeLn 3$69
Other incomeLn 4–11$12K
Total revenueLn 12$759K
Assets in detailPt X, end of year
CashLn 1$62
SavingsLn 2$76K
Cash and savings togetherLn 1–2$76K
Land, buildings, equipmentLn 10c$60K
Total assetsLn 16$173K
LiabilitiesLn 26$150K
Net assetsLn 32$22K
OperationsPt I, VI
EmployeesI 525
VolunteersI 6125
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$144K$76K
Land, buildings, equipmentLn 10c$77K$60K
Total assetsLn 16$271K$173K
LiabilitiesLn 26$156K$150K
Net assetsLn 32$115K$22K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$100K$87K$10K$3K
Other salaries and wagesLn 7$415K$362K$39K$13K
Other employee benefitsLn 9$23K$20K$2K$745
Payroll taxesLn 10$42K$37K$4K$1K
Accounting feesLn 11c$39K$21K$19K
Other fees for servicesLn 11g$20K$17K$2K$635
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$9K$5K$3K$648
Information technologyLn 14$17K$11K$6K
OccupancyLn 16$83K$65K$18K
TravelLn 17$4K$4K
Depreciation, depletion and amortizationLn 22$17K$14K$3K
InsuranceLn 23$28K$24K$4K
Other expenses (24a–d)Ln 24$44K$39K$5K$318
Total functional expensesLn 25$852K$706K$114K$31K

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 Viewing $759K$852K−$93K$22K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $758,671 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $576,880$695,632
I-9 Program service revenuePrior year $94,477$51,090
I-10 Investment incomePrior year $154$69
I-11 Other revenuePrior year $7,688$11,880
I-12 Total revenuePrior year $679,199$758,671
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 $518,405$579,628
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $227,641$271,903
I-18 Total expensesPrior year $746,046$851,531
I-19 Revenue less expensesPrior year −$66,847−$92,860
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $758,671 across 7 lines filed
VIII-1e Government grants$482,296
VIII-1f All other contributions, gifts and grants$213,336
VIII-1h Total contributions, gifts and grants$695,632
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $51,090$51,090
VIII-3 Investment incomeExcluded from tax $69$69
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $11,880$11,880
VIII-12 Total revenueRelated to mission $51,090 · Unrelated business $0 · Excluded from tax $11,949$758,671
Part IX · Statement of functional expenses $851,531 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $87,232 · Management $9,520 · Fundraising $3,248$100,000
IX-7 Other salaries and wagesPrograms $361,765 · Management $39,482 · Fundraising $13,469$414,716
IX-9 Other employee benefitsPrograms $20,018 · Management $2,185 · Fundraising $745$22,948
IX-10 Payroll taxesPrograms $36,606 · Management $3,995 · Fundraising $1,363$41,964
IX-11c Accounting feesPrograms $20,603 · Management $18,635$39,238
IX-11g Other fees for servicesPrograms $17,054 · Management $1,861 · Fundraising $635$19,550
IX-12 Advertising and promotionFundraising $10,794$10,794
IX-13 Office expensesPrograms $5,358 · Management $3,033 · Fundraising $648$9,039
IX-14 Information technologyPrograms $10,843 · Management $5,782$16,625
IX-16 OccupancyPrograms $65,083 · Management $18,372$83,455
IX-17 TravelPrograms $4,319$4,319
IX-22 Depreciation, depletion and amortizationPrograms $14,434 · Management $2,545$16,979
IX-23 InsurancePrograms $23,801 · Management $4,200$28,001
IX-24 Other expenses (24a–d)Programs $38,813 · Management $4,772 · Fundraising $318$43,903
IX-25 Total functional expensesPrograms $705,929 · Management $114,382 · Fundraising $31,220$851,531
Part X · Balance sheet $172,581 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $62$62
X-2 Savings and temporary cash investmentsStart of year $144,370$75,673
X-3 Pledges and grants receivableStart of year $49,987$37,116
X-10c Land, buildings and equipment, netStart of year $76,709$59,730
X-16 Total assetsStart of year $271,128$172,581
X-17 Accounts payable and accrued expensesStart of year $23,848$29,131
X-19 Deferred revenueStart of year $87,230$87,231
X-24 Unsecured notes and loans payableStart of year $35,000$24,991
X-25 Other liabilitiesStart of year $9,873$8,911
X-26 Total liabilitiesStart of year $155,951$150,264
X-27 Net assets without donor restrictionsStart of year $101,359$8,499
X-28 Net assets with donor restrictionsStart of year $13,818$13,818
X-32 Total net assets or fund balancesStart of year $115,177$22,317
X-33 Total liabilities and net assetsStart of year $271,128$172,581
Part XI · Reconciliation of net assets $22,317 net assets at year end
XI-1 Total revenue$758,671
XI-2 Total expenses$851,531
XI-3 Revenue less expenses−$92,860
XI-4 Net assets at start of year$115,177
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$22,317

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

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