Miss Elderly Housing INC

Tax-deductible

Duluth, GA501(c)(3)HousingEIN 58-1735487Revenue $570K in FY2024

On file with the IRS3237 Satellite Blvd Ste 310, 30096-9087 · Duluth, GATax-exempt since Aug 1987Publicly supported — 509(a)(2)

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To own and operate a rental Housing property for low income Elderly persons under section 202 of the national Housing act.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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
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 $66K a year · 12% 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
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$717K
95% of total assets
Concern: liabilities are 95% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$570K
+4% vs prior year
Spent
$463K
To programs
88%
Net assets
$34K
By yearFY2020–FY2024
Revenue
$570K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$505K
FY2021$510K
FY2022$520K
FY2023$546K
FY2024$570K
Expenses
$463K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$476K
FY2021$484K
FY2022$455K
FY2023$446K
FY2024$463K
Net assets
$34K
FY2024▲ +148%
Tap a bar for its year
Net assets by fiscal year
FY2020−$265K
FY2021−$238K
FY2022−$173K
FY2023−$72K
FY2024$34K

From the FY2024 Form 990 · see the original

990 PDF Claim

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

88 cents of each dollar spent went to programs.

Program services 88% · $408K Management & general 12% · $55K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President/Asst Secretary
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Miss 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 affordable rental housing for low-income seniors.

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1 program · $408K · in their own filed words · FY2024
01

Operation & maintenance of an apartment complex for low-income elderly persons in accordance with the requirements of the Department of Housing and Urban Development.

$408Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$570K
Ln 12
Fees for servicesLn 2g$564K
Investment incomeLn 3$4K
Other incomeLn 4–11$2K
Money outPt IX
$463K
Ln 25
Programscol B$408K
Managementcol C$55K
Owns and owesPt X
$34K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$752K
LiabilitiesLn 26$717K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$564K
Investment incomeLn 3$4K
Other incomeLn 4–11$2K
Total revenueLn 12$570K
Assets in detailPt X, end of year
CashLn 1$20K
Cash and savings togetherLn 1–2$20K
Land, buildings, equipmentLn 10c$485K
Other assetsLn 15$212K
Total assetsLn 16$752K
LiabilitiesLn 26$717K
Net assetsLn 32$34K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
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 FY24End FY24
Cash and savingsLn 1–2$11K$20K
Land, buildings, equipmentLn 10c$492K$485K
Total assetsLn 16$724K$752K
LiabilitiesLn 26$796K$717K
Net assetsLn 32−$72K$34K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$105K$105K
Other employee benefitsLn 9$10K$10K
Payroll taxesLn 10$8K$8K
Management feesLn 11a$34K$34K
Accounting feesLn 11c$15K$15K
Advertising and promotionLn 12$3K$3K
OccupancyLn 16$67K$67K
InterestLn 20$59K$59K
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$31K$31K
Other expenses (24a–d)Ln 24$119K$113K$6K
Total functional expensesLn 25$463K$408K$55K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $570K$463K$107K$34K 990 PDF
FY2023 $546K$446K$100K−$72K 990 PDF
FY2022 $520K$455K$65K−$173K 990 PDF
FY2021 $510K$484K$27K−$238K 990 PDF
FY2020 $505K$476K$29K−$265K 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 FY2024 990 (6 parts)
Part I · Summary $569,888 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $543,079$563,701
I-10 Investment incomePrior year $1,167$4,451
I-11 Other revenuePrior year $1,808$1,736
I-12 Total revenuePrior year $546,054$569,888
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 $117,180$123,203
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $328,509$340,022
I-18 Total expensesPrior year $445,689$463,225
I-19 Revenue less expensesPrior year $100,365$106,663
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $569,888 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $563,701$563,701
VIII-3 Investment incomeExcluded from tax $4,451$4,451
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,736$1,736
VIII-12 Total revenueRelated to mission $565,437 · Unrelated business $0 · Excluded from tax $4,451$569,888
Part IX · Statement of functional expenses $463,225 across 11 lines filed
IX-7 Other salaries and wagesPrograms $105,149$105,149
IX-9 Other employee benefitsPrograms $9,817$9,817
IX-10 Payroll taxesPrograms $8,237$8,237
IX-11a Management feesManagement $33,907$33,907
IX-11c Accounting feesManagement $15,113$15,113
IX-12 Advertising and promotionPrograms $2,873$2,873
IX-16 OccupancyPrograms $67,467$67,467
IX-20 InterestPrograms $59,140$59,140
IX-22 Depreciation, depletion and amortizationPrograms $11,045$11,045
IX-23 InsurancePrograms $31,457$31,457
IX-24 Other expenses (24a–d)Programs $112,973 · Management $6,047$119,020
IX-25 Total functional expensesPrograms $408,158 · Management $55,067 · Fundraising $0$463,225
Part X · Balance sheet $751,510 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $10,882$20,483
X-9 Prepaid expenses and deferred chargesStart of year $30,484$33,453
X-10c Land, buildings and equipment, netStart of year $492,165$485,253
X-15 Other assetsStart of year $190,580$212,321
X-16 Total assetsStart of year $724,111$751,510
X-17 Accounts payable and accrued expensesStart of year $111,486$112,264
X-19 Deferred revenueStart of year $465$200
X-25 Other liabilitiesStart of year $12,408$12,505
X-26 Total liabilitiesStart of year $796,315$717,051
X-27 Net assets without donor restrictionsStart of year −$72,204$34,459
X-32 Total net assets or fund balancesStart of year −$72,204$34,459
X-33 Total liabilities and net assetsStart of year $724,111$751,510
Part XI · Reconciliation of net assets $34,459 net assets at year end
XI-1 Total revenue$569,888
XI-2 Total expenses$463,225
XI-3 Revenue less expenses$106,663
XI-4 Net assets at start of year−$72,204
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$34,459

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

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