Ala Elderly Housing INC FY2020 filing

Tax-deductible

Atlanta, GA501(c)(3)EIN 58-1735484Revenue $611K in FY2020

On file with the IRSPo Box 450049, 31145-0049 · Atlanta, GATax-exempt since Aug 1987Publicly supported — 509(a)(2)

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Provide Housing for the Elderly.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $92K a year · 14% 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
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$919K
107% of total assets
Concern: liabilities are 107% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$611K
Spent
$549K
To programs
89%
Net assets
−$61K
By yearFY2020–FY2024
Revenue
$611K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$611K
FY2021$618K
FY2022$623K
FY2023$675K
FY2024$709K
Expenses
$549K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$549K
FY2021$501K
FY2022$565K
FY2023$606K
FY2024$553K
Net assets
−$61K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$61K
FY2021$56K
FY2022$113K
FY2023$182K
FY2024$338K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1987.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $489K Management & general 11% · $60K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ala Elderly Housing INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides safe and affordable housing for seniors.

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Provided by the organization

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1 program · $489K · in their own filed words · FY2020
01

Operation and maintenance of a 50 unit apartment complex for the elderly and the self-sufficient handicapped in accordance with the us department of hud's section 202 housing program.

$489Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$611K
Ln 12
Fees for servicesLn 2g$610K
Other incomeLn 4–11$844
Investment incomeLn 3$53
Money outPt IX
$549K
Ln 25
Programscol B$489K
Managementcol C$60K
Owns and owesPt X
−$61K
net assets · Ln 32
Cash and savingsLn 1–2$436K
Total assetsLn 16$858K
LiabilitiesLn 26$919K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$610K
Investment incomeLn 3$53
Other incomeLn 4–11$844
Total revenueLn 12$611K
Assets in detailPt X, end of year
CashLn 1$40K
SavingsLn 2$396K
Cash and savings togetherLn 1–2$436K
Land, buildings, equipmentLn 10c$370K
Other assetsLn 15$17K
Total assetsLn 16$858K
LiabilitiesLn 26$919K
Net assetsLn 32−$61K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$391K$436K
Land, buildings, equipmentLn 10c$389K$370K
Total assetsLn 16$836K$858K
LiabilitiesLn 26$960K$919K
Net assetsLn 32−$123K−$61K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$88K$88K
Pension plan contributionsLn 8$4K$4K
Other employee benefitsLn 9$10K$10K
Payroll taxesLn 10$15K$15K
Management feesLn 11a$45K$45K
Legal feesLn 11b$780$780
Accounting feesLn 11c$15K$800$14K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$10K$10K
OccupancyLn 16$268K$268K
Conferences, conventions and meetingsLn 19$464$464
Depreciation, depletion and amortizationLn 22$54K$54K
InsuranceLn 23$33K$33K
Other expenses (24a–d)Ln 24$4K$4K
All other expensesLn 24e$76$76
Total functional expensesLn 25$549K$489K$60K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $709K$553K$156K$338K 990 PDF
FY2023 $675K$606K$69K$182K 990 PDF
FY2022 $623K$565K$58K$113K 990 PDF
FY2021 $618K$501K$117K$56K 990 PDF
FY2020 Viewing $611K$549K$62K−$61K 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 $611,037 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $598,313$610,140
I-10 Investment incomePrior year $78$53
I-11 Other revenuePrior year $3,601$844
I-12 Total revenuePrior year $601,992$611,037
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 $108,407$117,262
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $435,740$431,468
I-18 Total expensesPrior year $544,147$548,730
I-19 Revenue less expensesPrior year $57,845$62,307
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $611,037 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $610,140$610,140
VIII-3 Investment incomeExcluded from tax $53$53
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $844$844
VIII-12 Total revenueRelated to mission $610,140 · Unrelated business $0 · Excluded from tax $897$611,037
Part IX · Statement of functional expenses $548,730 across 15 lines filed
IX-7 Other salaries and wagesPrograms $88,234$88,234
IX-8 Pension plan contributionsPrograms $3,940$3,940
IX-9 Other employee benefitsPrograms $10,327$10,327
IX-10 Payroll taxesPrograms $14,761$14,761
IX-11a Management feesManagement $45,263$45,263
IX-11b Legal feesManagement $780$780
IX-11c Accounting feesPrograms $800 · Management $13,930$14,730
IX-12 Advertising and promotionPrograms $1,906$1,906
IX-13 Office expensesPrograms $9,734$9,734
IX-16 OccupancyPrograms $267,636$267,636
IX-19 Conferences, conventions and meetingsPrograms $464$464
IX-22 Depreciation, depletion and amortizationPrograms $53,611$53,611
IX-23 InsurancePrograms $33,286$33,286
IX-24 Other expenses (24a–d)Programs $3,982$3,982
IX-24e All other expensesPrograms $76$76
IX-25 Total functional expensesPrograms $488,757 · Management $59,973 · Fundraising $0$548,730
Part X · Balance sheet $858,140 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $27,505$40,195
X-2 Savings and temporary cash investmentsStart of year $363,740$395,873
X-4 Accounts receivableStart of year $864$575
X-9 Prepaid expenses and deferred chargesStart of year $38,990$34,745
X-10c Land, buildings and equipment, netStart of year $388,738$370,098
X-15 Other assetsStart of year $16,261$16,654
X-16 Total assetsStart of year $836,098$858,140
X-17 Accounts payable and accrued expensesStart of year $27,717$43,248
X-19 Deferred revenueStart of year $1,105$378
X-25 Other liabilitiesStart of year $16,044$17,664
X-26 Total liabilitiesStart of year $959,501$919,236
X-27 Net assets without donor restrictionsStart of year −$123,403−$61,096
X-32 Total net assets or fund balancesStart of year −$123,403−$61,096
X-33 Total liabilities and net assetsStart of year $836,098$858,140
Part XI · Reconciliation of net assets −$61,096 net assets at year end
XI-1 Total revenue$611,037
XI-2 Total expenses$548,730
XI-3 Revenue less expenses$62,307
XI-4 Net assets at start of year−$123,403
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$61,096

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

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