St Mark Manor INC FY2021 filing

Tax-deductible

Cordova, TN501(c)(3)Since 1989EIN 58-1747759Revenue $237K in FY2021

On file with the IRSwesleyliving.com1615 Appling Rd, 38016-4907 · Cordova, TNTax-exempt since Dec 1987Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
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
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
4 of 5
filings with a surplus
Average surplus $88K a year · 22% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $37K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$554K
177% of total assets
Concern: liabilities are 177% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$237K
-2% vs prior year
Spent
$237K
To programs
81%
Net assets
−$240K
By yearFY2020–FY2024
Revenue
$237K
FY2021▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$242K
FY2021$237K
FY2022$281K
FY2023$809K
FY2024$434K
FY2024$499K
Expenses
$237K
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$228K
FY2021$237K
FY2022$238K
FY2023$301K
FY2024$562K
FY2024$497K
Net assets
−$240K
FY2021+0.3%
Tap a bar for its year
Net assets by fiscal year
FY2020−$241K
FY2021−$240K
FY2022−$197K
FY2023$311K
FY2024$183K
FY2024$186K

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

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You’re viewing the FY2021 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 Dec 1987.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $191K Management & general 19% · $45K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See St Mark Manor 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable housing and related services for low-income elderly individuals.

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Provided by the organization

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1 program · $191K · in their own filed words · FY2020
01

Provide apartment units and other related services under the terms of the U.S. Department of housing and urban development programs for very low and extremely low income elderly individuals.

$191Kprogram 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 · FY2021
Total grants receivedfrom 1 funder$37K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$237K
Ln 12
Gifts and grantsLn 1h$157K
Fees for servicesLn 2g$79K
Other incomeLn 4–11$1K
Money outPt IX
$237K
Ln 25
Programscol B$191K
Managementcol C$45K
Owns and owesPt X
−$240K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$314K
LiabilitiesLn 26$554K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$157K
Government grantsLn 1e$157K
Fees for servicesLn 2g$79K
Investment incomeLn 3$13
Other incomeLn 4–11$1K
Total revenueLn 12$237K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$215K
Other assetsLn 15$67K
Total assetsLn 16$314K
LiabilitiesLn 26$554K
Net assetsLn 32−$240K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderSeptember
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 FY21End FY21
Cash and savingsLn 1–2$3K$3K
Land, buildings, equipmentLn 10c$230K$215K
Total assetsLn 16$326K$314K
LiabilitiesLn 26$567K$554K
Net assetsLn 32−$241K−$240K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$52K$52K
Pension plan contributionsLn 8$1K$1K
Other employee benefitsLn 9$7K$7K
Payroll taxesLn 10$3K$3K
Management feesLn 11a$14K$14K
Legal feesLn 11b$95$95
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$555$555
Office expensesLn 13$18K$18K
Information technologyLn 14$5K$5K
OccupancyLn 16$51K$51K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$214$214
InterestLn 20$23K$23K
Depreciation, depletion and amortizationLn 22$29K$29K
InsuranceLn 23$23K$23K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$237K$191K$45K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $434K$562K−$128K$183K 990 PDF
FY2023 $809K$301K$508K$311K 990 PDF
FY2022 $281K$238K$43K−$197K 990 PDF
FY2021 Viewing $237K$237K$623−$240K 990 PDF
FY2020 $242K$228K$14K−$241K 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 (6 parts)
Part I · Summary $237,135 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $150,477$156,767
I-9 Program service revenuePrior year $86,391$79,268
I-10 Investment incomePrior year $18$13
I-11 Other revenuePrior year $5,440$1,087
I-12 Total revenuePrior year $242,326$237,135
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 $58,500$62,611
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $169,409$173,901
I-18 Total expensesPrior year $227,909$236,512
I-19 Revenue less expensesPrior year $14,417$623
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $237,135 across 6 lines filed
VIII-1e Government grants$156,767
VIII-1h Total contributions, gifts and grants$156,767
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $79,268$79,268
VIII-3 Investment incomeExcluded from tax $13$13
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,087$1,087
VIII-12 Total revenueRelated to mission $80,355 · Unrelated business $0 · Excluded from tax $13$237,135
Part IX · Statement of functional expenses $236,512 across 17 lines filed
IX-7 Other salaries and wagesPrograms $52,095$52,095
IX-8 Pension plan contributionsPrograms $1,107$1,107
IX-9 Other employee benefitsPrograms $6,756$6,756
IX-10 Payroll taxesPrograms $2,653$2,653
IX-11a Management feesManagement $14,171$14,171
IX-11b Legal feesManagement $95$95
IX-11c Accounting feesManagement $6,629$6,629
IX-12 Advertising and promotionManagement $555$555
IX-13 Office expensesManagement $17,626$17,626
IX-14 Information technologyManagement $4,727$4,727
IX-16 OccupancyPrograms $51,224$51,224
IX-17 TravelManagement $1,138$1,138
IX-19 Conferences, conventions and meetingsManagement $214$214
IX-20 InterestPrograms $23,469$23,469
IX-22 Depreciation, depletion and amortizationPrograms $29,039$29,039
IX-23 InsurancePrograms $23,058$23,058
IX-24 Other expenses (24a–d)Programs $1,956$1,956
IX-25 Total functional expensesPrograms $191,357 · Management $45,155 · Fundraising $0$236,512
Part X · Balance sheet $313,646 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,924$3,140
X-4 Accounts receivableStart of year $5,275$4,232
X-9 Prepaid expenses and deferred chargesStart of year $206$1,163
X-10c Land, buildings and equipment, netStart of year $229,691$214,669
X-14 Intangible assetsStart of year $24,719$22,953
X-15 Other assetsStart of year $63,049$67,489
X-16 Total assetsStart of year $325,864$313,646
X-17 Accounts payable and accrued expensesStart of year $51,785$67,472
X-25 Other liabilitiesStart of year $4,987$5,760
X-26 Total liabilitiesStart of year $566,525$553,684
X-27 Net assets without donor restrictionsStart of year −$240,661−$240,038
X-32 Total net assets or fund balancesStart of year −$240,661−$240,038
X-33 Total liabilities and net assetsStart of year $325,864$313,646
Part XI · Reconciliation of net assets −$240,038 net assets at year end
XI-1 Total revenue$237,135
XI-2 Total expenses$236,512
XI-3 Revenue less expenses$623
XI-4 Net assets at start of year−$240,661
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$240,038

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

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