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Landmark Homes for Elderly INC

Tax-deductible

Morristown, TN501(c)(3)HousingEIN 58-2019098Revenue $138K in FY2025

On file with the IRSPo Box 1218, 37816-1218 · Morristown, TNTax-exempt since Jan 1993Publicly supported charity — 170(b)(1)(A)(vi)

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Housing for low-income Elderly & handicapped tenants

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
1 of 5
filings with a surplus
Average deficit $19K a year · 15% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
211% of total assets
Concern: liabilities are 211% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$138K
-4% vs prior year
Spent
$179K
To programs
100%
Net assets
−$619K
By yearFY2020–FY2025
Revenue
$138K
FY2025▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$101K
FY2021$126K
FY2023$141K
FY2024$143K
FY2025$138K
Expenses
$179K
FY2025▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$126K
FY2021$146K
FY2023$137K
FY2024$161K
FY2025$179K
Net assets
−$619K
FY2025▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020−$536K
FY2021−$555K
FY2023−$562K
FY2024−$579K
FY2025−$619K

From the FY2025 Form 990 (year ending September 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1993.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $179K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Kay Hale
President
$0Pt VII · Sec A
Joe Benthal
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Jack Yates
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Bill Mitrik
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Landmark Homes for Elderly 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 15aNo

Programs and updates

Provides affordable housing for low-income elderly and disabled individuals.

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Provided by the organization

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1 program · $179K · in their own filed words · FY2024
01

Operation of hud assisted housing for low-income elderly and handicapped tenants under section 202 of the national housing act. Total number of units is 24.

$179Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$138K
Ln 12
Fees for servicesLn 2g$98K
Gifts and grantsLn 1h$40K
Investment incomeLn 3$364
Money outPt IX
$179K
Ln 25
Programscol B$179K
Owns and owesPt X
−$619K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$557K
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$40K
Government grantsLn 1e$40K
Fees for servicesLn 2g$98K
Investment incomeLn 3$364
Total revenueLn 12$138K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Land, buildings, equipmentLn 10c$498K
Other assetsLn 15$51K
Total assetsLn 16$557K
LiabilitiesLn 26$1.2M
Net assetsLn 32−$619K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
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 FY25End FY25
Cash and savingsLn 1–2$4K$4K
Land, buildings, equipmentLn 10c$472K$498K
Total assetsLn 16$531K$557K
LiabilitiesLn 26$1.1M$1.2M
Net assetsLn 32−$579K−$619K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$34K$34K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$5K$5K
Depreciation, depletion and amortizationLn 22$42K$42K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$81K$81K
Total functional expensesLn 25$179K$179K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $138K$179K−$40K−$619K 990 PDF
FY2024 $143K$161K−$17K−$579K 990 PDF
FY2023 $141K$137K$4K−$562K 990 PDF
FY2022 Not on file
FY2021 $126K$146K−$20K−$555K 990 PDF
FY2020 $101K$126K−$24K−$536K 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 FY2025 990 (6 parts)
Part I · Summary $138,311 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,094$39,956
I-9 Program service revenuePrior year $104,238$97,991
I-10 Investment incomePrior year $4$364
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $143,336$138,311
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $160,675$178,517
I-18 Total expensesPrior year $160,675$178,517
I-19 Revenue less expensesPrior year −$17,339−$40,206
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $138,311 across 5 lines filed
VIII-1e Government grants$39,956
VIII-1h Total contributions, gifts and grants$39,956
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $97,991$97,991
VIII-3 Investment incomeExcluded from tax $364$364
VIII-12 Total revenueRelated to mission $97,991 · Unrelated business $0 · Excluded from tax $364$138,311
Part IX · Statement of functional expenses $178,517 across 7 lines filed
IX-11a Management feesPrograms $33,644$33,644
IX-11c Accounting feesPrograms $3,849$3,849
IX-11g Other fees for servicesPrograms $2,256$2,256
IX-13 Office expensesPrograms $4,754$4,754
IX-22 Depreciation, depletion and amortizationPrograms $41,629$41,629
IX-23 InsurancePrograms $11,666$11,666
IX-24 Other expenses (24a–d)Programs $80,719$80,719
IX-25 Total functional expensesPrograms $178,517 · Management $0 · Fundraising $0$178,517
Part X · Balance sheet $557,241 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $4,050$4,073
X-9 Prepaid expenses and deferred chargesStart of year $4,854$4,854
X-10c Land, buildings and equipment, netStart of year $471,859$497,603
X-15 Other assetsStart of year $49,800$50,711
X-16 Total assetsStart of year $530,563$557,241
X-17 Accounts payable and accrued expensesStart of year $15,448$21,536
X-25 Other liabilitiesStart of year $32,202$92,998
X-26 Total liabilitiesStart of year $1,109,750$1,176,634
X-27 Net assets without donor restrictionsStart of year −$579,187−$619,393
X-32 Total net assets or fund balancesStart of year −$579,187−$619,393
X-33 Total liabilities and net assetsStart of year $530,563$557,241
Part XI · Reconciliation of net assets −$619,393 net assets at year end
XI-1 Total revenue$138,311
XI-2 Total expenses$178,517
XI-3 Revenue less expenses−$40,206
XI-4 Net assets at start of year−$579,187
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$619,393

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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