Millner Ridge INC FY2024 filing

Tax-deductible

Duluth, GA501(c)(3)Since 1987EIN 58-1737036Revenue $347K 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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Operation of a 40 unit residential apartment complex for elderly and self-sufficient handicapped under regulations of the department of housing and urban development's section 202 housing program.

501(c)(3) charity; gifts are tax-deductible.
80¢ 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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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
3 of 6
filings with a surplus
Average deficit $24K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$31K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$347K
+1% vs prior year
Spent
$333K
To programs
80%
Net assets
$418K
By yearFY2020–FY2025
Revenue
$347K
FY2024▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$312K
FY2021$316K
FY2022$326K
FY2023$343K
FY2024$347K
FY2025$357K
Expenses
$333K
FY2024▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$393K
FY2021$372K
FY2022$363K
FY2023$337K
FY2024$333K
FY2025$348K
Net assets
$418K
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$490K
FY2021$434K
FY2022$397K
FY2023$403K
FY2024$418K
FY2025$427K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
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 Aug 1987.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $265K Management & general 20% · $68K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
See Millner Ridge 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

Offers affordable housing for seniors.

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Provided by the organization

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1 program · $265K · in their own filed words · FY2023
01

Operation of a 40 unit residential apartment complex for the elderly and self-sufficient handicapped under the regulations of the department of housing and urban development section 202.

$265Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$347K
Ln 12
Fees for servicesLn 2g$341K
Investment incomeLn 3$7K
Other incomeLn 4–11$6
Money outPt IX
$333K
Ln 25
Programscol B$265K
Managementcol C$68K
Owns and owesPt X
$418K
net assets · Ln 32
Cash and savingsLn 1–2$328K
Total assetsLn 16$449K
LiabilitiesLn 26$31K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$341K
Investment incomeLn 3$7K
Other incomeLn 4–11$6
Total revenueLn 12$347K
Assets in detailPt X, end of year
CashLn 1$14K
SavingsLn 2$314K
Cash and savings togetherLn 1–2$328K
Land, buildings, equipmentLn 10c$90K
Other assetsLn 15$14K
Total assetsLn 16$449K
LiabilitiesLn 26$31K
Net assetsLn 32$418K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
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$306K$328K
Land, buildings, equipmentLn 10c$98K$90K
Total assetsLn 16$437K$449K
LiabilitiesLn 26$33K$31K
Net assetsLn 32$403K$418K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$94K$94K
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$8K$8K
Management feesLn 11a$50K$50K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$13K$13K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$15K$15K
Information technologyLn 14$2K$2K
OccupancyLn 16$94K$94K
Conferences, conventions and meetingsLn 19$3K$3K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$36K$36K
Other expenses (24a–d)Ln 24$886$596$290
Total functional expensesLn 25$333K$265K$68K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $357K$348K$9K$427K 990 PDF
FY2024 Viewing $347K$333K$15K$418K 990 PDF
FY2023 $343K$337K$6K$403K 990 PDF
FY2022 $326K$363K−$37K$397K 990 PDF
FY2021 $316K$372K−$56K$434K 990 PDF
FY2020 $312K$393K−$81K$490K 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 $347,176 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $338,682$340,628
I-10 Investment incomePrior year $4,102$6,542
I-11 Other revenuePrior year $80$6
I-12 Total revenuePrior year $342,864$347,176
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 $120,367$105,931
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $216,206$226,723
I-18 Total expensesPrior year $336,573$332,654
I-19 Revenue less expensesPrior year $6,291$14,522
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $347,176 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $340,628$340,628
VIII-3 Investment incomeExcluded from tax $6,542$6,542
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6$6
VIII-12 Total revenueRelated to mission $340,628 · Unrelated business $0 · Excluded from tax $6,548$347,176
Part IX · Statement of functional expenses $332,654 across 14 lines filed
IX-7 Other salaries and wagesPrograms $94,178$94,178
IX-9 Other employee benefitsPrograms $4,093$4,093
IX-10 Payroll taxesPrograms $7,660$7,660
IX-11a Management feesManagement $50,220$50,220
IX-11b Legal feesManagement $1,425$1,425
IX-11c Accounting feesManagement $13,180$13,180
IX-12 Advertising and promotionPrograms $2,590$2,590
IX-13 Office expensesPrograms $15,243$15,243
IX-14 Information technologyPrograms $1,824$1,824
IX-16 OccupancyPrograms $94,470$94,470
IX-19 Conferences, conventions and meetingsManagement $2,783$2,783
IX-22 Depreciation, depletion and amortizationPrograms $8,221$8,221
IX-23 InsurancePrograms $35,881$35,881
IX-24 Other expenses (24a–d)Programs $596 · Management $290$886
IX-25 Total functional expensesPrograms $264,756 · Management $67,898 · Fundraising $0$332,654
Part X · Balance sheet $449,440 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $13,499$14,130
X-2 Savings and temporary cash investmentsStart of year $292,689$313,551
X-4 Accounts receivableStart of year $1,220$0
X-9 Prepaid expenses and deferred chargesStart of year $17,178$18,292
X-10c Land, buildings and equipment, netStart of year $98,047$89,877
X-14 Intangible assetsStart of year $130$79
X-15 Other assetsStart of year $14,172$13,511
X-16 Total assetsStart of year $436,935$449,440
X-17 Accounts payable and accrued expensesStart of year $19,165$17,768
X-19 Deferred revenueStart of year $523$565
X-24 Unsecured notes and loans payableStart of year $195$195
X-25 Other liabilitiesStart of year $13,594$12,932
X-26 Total liabilitiesStart of year $33,477$31,460
X-27 Net assets without donor restrictionsStart of year $403,458$417,980
X-32 Total net assets or fund balancesStart of year $403,458$417,980
X-33 Total liabilities and net assetsStart of year $436,935$449,440
Part XI · Reconciliation of net assets $417,980 net assets at year end
XI-1 Total revenue$347,176
XI-2 Total expenses$332,654
XI-3 Revenue less expenses$14,522
XI-4 Net assets at start of year$403,458
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$417,980

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

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