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.
87¢ of each $1 spent went to programs.
$100K 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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FY2024 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
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
$101K
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
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
$1.4M
+27% vs prior year
Spent
$1.3M
To programs
87%
Net assets
$78K
By yearFY2020–FY2025
Revenue
$1.4M
FY2024▲ +27%
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
$1.3M
FY2024▲ +12%
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
$78K
FY2024▲ +435%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

87 cents of each dollar spent went to programs.

Program services 87% · $1.1M Management & general 11% · $145K Fundraising 2% · $25K

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

10 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Di
$100,000Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$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.

See Matthew 25 Incorporated 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 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 · $1.1M · in their own filed words · FY2023
01

Transitional Housing Program for Individuals & Veterans

Matthew 25, in cooperation with the department of veterans affairs ("va"), 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…

$1.1Mprogram expense
02

Progressive Housing

Our progressive housing program is built for men who have completed a transitional housing program, but may not be ready for completely independent living. While not as intensive or structured as our transitional program, progressive housing offers men assistance and guardrails to stay on track as they move towards the goal of permanent…

$54Kprogram expense
03

Aftercare Case Management

Our aftercare case management program is for veterans who were previously homeless & are transitioning into permanent housing from programs such as grant per diem or the va's healthcare for homeless veterans contracted residential services program. We also accept & assist veterans who are coming from non-va transitional housing programs.

$16Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$109K
Investment incomeLn 3$56
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$145K
Fundraisingcol D$25K
Owns and owesPt X
$78K
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$179K
LiabilitiesLn 26$101K
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$1.3M
Government grantsLn 1e$839K
Noncash giftsLn 1g$33K
Fundraising eventsLn 1c$66K
Fees for servicesLn 2g$109K
Investment incomeLn 3$56
Gains on assetsLn 7−$344
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$64K
Cash and savings togetherLn 1–2$68K
Land, buildings, equipmentLn 10c$46K
Total assetsLn 16$179K
LiabilitiesLn 26$101K
Net assetsLn 32$78K
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 FY24End FY24
Cash and savingsLn 1–2$10K$68K
Land, buildings, equipmentLn 10c$38K$46K
Total assetsLn 16$118K$179K
LiabilitiesLn 26$141K$101K
Net assetsLn 32−$23K$78K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$100K$92K$5K$2K
Other salaries and wagesLn 7$624K$575K$33K$16K
Other employee benefitsLn 9$29K$26K$2K$712
Payroll taxesLn 10$58K$50K$6K$2K
Legal feesLn 11b$174$105$69
Accounting feesLn 11c$29K$15K$14K
Other fees for servicesLn 11g$24K$90$24K$6
Advertising and promotionLn 12$6K$1K$4K
Office expensesLn 13$22K$9K$13K$144
Information technologyLn 14$25K$17K$8K
OccupancyLn 16$85K$77K$9K
TravelLn 17$5K$3K$1K
Conferences, conventions and meetingsLn 19$13K$294$12K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$14K$13K$339
InsuranceLn 23$35K$27K$8K
Other expenses (24a–d)Ln 24$231K$224K$7K
Total functional expensesLn 25$1.3M$1.1M$145K$25K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.3M$1.4M−$123K−$45K 990 PDF
FY2024 Viewing $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 $679K$746K−$67K$115K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,405,597 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,023,955$1,313,069
I-9 Program service revenuePrior year $91,841$108,911
I-10 Investment incomePrior year −$21−$288
I-11 Other revenuePrior year −$6,060−$16,095
I-12 Total revenuePrior year $1,109,715$1,405,597
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $735,417$810,781
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $425,012$489,081
I-18 Total expensesPrior year $1,160,429$1,299,862
I-19 Revenue less expensesPrior year −$50,714$105,735
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $1,405,597 across 10 lines filed
VIII-1c Fundraising events$66,203
VIII-1e Government grants$839,378
VIII-1f All other contributions, gifts and grants$407,488
VIII-1g Noncash contributions (included above)$33,431
VIII-1h Total contributions, gifts and grants$1,313,069
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $108,911$108,911
VIII-3 Investment incomeExcluded from tax $56$56
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$344−$344
VIII-8 Net income from fundraising eventsExcluded from tax −$16,095−$16,095
VIII-12 Total revenueRelated to mission $108,911 · Excluded from tax −$16,383$1,405,597
Part IX · Statement of functional expenses $1,299,862 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $92,194 · Management $5,309 · Fundraising $2,497$100,000
IX-7 Other salaries and wagesPrograms $575,448 · Management $33,139 · Fundraising $15,585$624,172
IX-9 Other employee benefitsPrograms $26,276 · Management $1,513 · Fundraising $712$28,501
IX-10 Payroll taxesPrograms $49,973 · Management $6,392 · Fundraising $1,743$58,108
IX-11b Legal feesPrograms $105 · Management $69$174
IX-11c Accounting feesPrograms $14,635 · Management $14,193$28,828
IX-11g Other fees for servicesPrograms $90 · Management $24,273 · Fundraising $6$24,369
IX-12 Advertising and promotionPrograms $1,484 · Fundraising $4,199$5,683
IX-13 Office expensesPrograms $8,827 · Management $12,604 · Fundraising $144$21,575
IX-14 Information technologyPrograms $16,564 · Management $8,141$24,705
IX-16 OccupancyPrograms $76,875 · Management $8,562$85,437
IX-17 TravelPrograms $3,476 · Management $1,140$4,616
IX-19 Conferences, conventions and meetingsPrograms $294 · Management $12,226$12,520
IX-20 InterestManagement $1,982$1,982
IX-22 Depreciation, depletion and amortizationPrograms $13,454 · Management $339$13,793
IX-23 InsurancePrograms $26,530 · Management $8,258$34,788
IX-24 Other expenses (24a–d)Programs $223,974 · Management $6,637$230,611
IX-25 Total functional expensesPrograms $1,130,199 · Management $144,777 · Fundraising $24,886$1,299,862
Part X · Balance sheet $178,987 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $5,442$3,333
X-2 Savings and temporary cash investmentsStart of year $4,855$64,190
X-3 Pledges and grants receivableStart of year $69,359$65,440
X-10c Land, buildings and equipment, netStart of year $38,170$46,024
X-16 Total assetsStart of year $117,826$178,987
X-17 Accounts payable and accrued expensesStart of year $38,959$41,845
X-19 Deferred revenueStart of year $29,718$29,718
X-25 Other liabilitiesStart of year $9,901$7,060
X-26 Total liabilitiesStart of year $141,042$101,114
X-27 Net assets without donor restrictionsStart of year −$23,216$77,873
X-32 Total net assets or fund balancesStart of year −$23,216$77,873
X-33 Total liabilities and net assetsStart of year $117,826$178,987
Part XI · Reconciliation of net assets $77,873 net assets at year end
XI-1 Total revenue$1,405,597
XI-2 Total expenses$1,299,862
XI-3 Revenue less expenses$105,735
XI-4 Net assets at start of year−$23,216
XI-8 Prior period adjustments−$4,646
XI-10 Net assets at end of year$77,873

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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