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Holston Homes for Elderly FY2021 filing

Tax-deductible

Morristown, TN501(c)(3)HousingEIN 58-1710058

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Housing for low-income Elderly

501(c)(3) charity; gifts are tax-deductible.
88¢ 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
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
5 of 5
filings with a surplus
Average surplus $26K a year · 3% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.4M
136% of total assets
Concern: liabilities are 136% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$732K
Spent
$711K
To programs
88%
Net assets
−$904K
By yearFY2021–FY2025
Revenue
$732K
FY2021
Revenue by fiscal year
FY2021$732K
FY2022$737K
FY2023$756K
FY2024$767K
FY2025$842K
Expenses
$711K
FY2021
Expenses by fiscal year
FY2021$711K
FY2022$719K
FY2023$748K
FY2024$766K
FY2025$761K
Net assets
−$904K
FY2021
Net assets by fiscal year
FY2021−$904K
FY2022−$885K
FY2023−$877K
FY2024−$876K
FY2025−$795K

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

Form 990 (PDF) Claim
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 Jul 1987.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $628K Management & general 12% · $83K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Kay Hale
President
$0Pt VII · Sec A
Joe Benthal
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chris Horn
Director
$0Pt VII · Sec A
Jack Yates
Vice-President
$0Pt VII · Sec A
Susan Luker
Executive Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Holston Homes for Elderly 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

Holston Homes for Elderly is a housing nonprofit based in Morristown, TN.

Provided by the organization

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1 program service account for $628K of program spending, described in the organization's own filed words · FY2020.
01

Provided housing for low-income elderly & handicapped tenants under section 202 of the national housing act; regulated by hud to rent charges & operating methods. 99 rental units in complex.

$628Kprogram expense

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By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$732K
Ln 12
Fees for servicesLn 2g$372K
Gifts and grantsLn 1h$361K
Investment incomeLn 3$183
Money outPt IX
$711K
Ln 25
Programscol B$628K
Managementcol C$83K
Owns and owesPt X
−$904K
net assets · Ln 32
Cash and savingsLn 1–2$86K
Total assetsLn 16$2.5M
LiabilitiesLn 26$3.4M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$361K
Government grantsLn 1e$361K
Fees for servicesLn 2g$372K
Investment incomeLn 3$183
Total revenueLn 12$732K
Assets in detailPt X, end of year
CashLn 1$86K
Cash and savings togetherLn 1–2$86K
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$579K
Total assetsLn 16$2.5M
LiabilitiesLn 26$3.4M
Net assetsLn 32−$904K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$97K$86K
Land, buildings, equipmentLn 10c$1.9M$1.8M
Total assetsLn 16$2.6M$2.5M
LiabilitiesLn 26$3.6M$3.4M
Net assetsLn 32−$925K−$904K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$113K$60K$53K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$837$837
Office expensesLn 13$13K$13K
InterestLn 20$122K$122K
Depreciation, depletion and amortizationLn 22$117K$117K
InsuranceLn 23$48K$48K
Other expenses (24a–d)Ln 24$280K$280K
Total functional expensesLn 25$711K$628K$83K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $842K$761K$81K−$795K 990 PDF
FY2024 $767K$766K$974−$876K 990 PDF
FY2023 $756K$748K$8K−$877K 990 PDF
FY2022 $737K$719K$19K−$885K 990 PDF
FY2021 Viewing $732K$711K$22K−$904K 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 (4 parts)
Part VIII · Statement of revenue $732,468 across 5 lines filed
VIII-1e Government grants$360,709
VIII-1h Total contributions, gifts and grants$360,709
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $371,576$371,576
VIII-3 Investment incomeExcluded from tax $183$183
VIII-12 Total revenueRelated to mission $371,576 · Unrelated business $0 · Excluded from tax $183$732,468
Part IX · Statement of functional expenses $710,956 across 9 lines filed
IX-11a Management feesPrograms $60,359 · Management $52,577$112,936
IX-11c Accounting feesManagement $11,871$11,871
IX-11g Other fees for servicesManagement $5,661$5,661
IX-12 Advertising and promotionPrograms $837$837
IX-13 Office expensesManagement $12,931$12,931
IX-20 InterestPrograms $122,309$122,309
IX-22 Depreciation, depletion and amortizationPrograms $116,657$116,657
IX-23 InsurancePrograms $48,053$48,053
IX-24 Other expenses (24a–d)Programs $279,701$279,701
IX-25 Total functional expensesPrograms $627,916 · Management $83,040 · Fundraising $0$710,956
Part X · Balance sheet $2,527,354 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $97,199$85,877
X-4 Accounts receivableStart of year $1,060$6,809
X-9 Prepaid expenses and deferred chargesStart of year $31,264$30,782
X-10c Land, buildings and equipment, netStart of year $1,867,206$1,824,470
X-15 Other assetsStart of year $630,913$579,416
X-16 Total assetsStart of year $2,627,642$2,527,354
X-17 Accounts payable and accrued expensesStart of year $133,875$71,894
X-25 Other liabilitiesStart of year $28,054$30,038
X-26 Total liabilitiesStart of year $3,552,694$3,430,915
X-27 Net assets without donor restrictionsStart of year −$925,052−$903,561
X-32 Total net assets or fund balancesStart of year −$925,052−$903,561
X-33 Total liabilities and net assetsStart of year $2,627,642$2,527,354
Part XI · Reconciliation of net assets −$903,561 net assets at year end
XI-1 Total revenue$732,468
XI-2 Total expenses$710,956
XI-3 Revenue less expenses$21,512
XI-4 Net assets at start of year−$925,052
XI-8 Prior period adjustments−$21
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$903,561

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

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