philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Spring Chase INC

Not tax-deductible

Decatur, GAMutual-benefit / member-serving EIN 58-2227138Revenue $268K in FY2025Latest return filed Mar 6, 2026

On file with the IRSDecatur, GATax-exempt since Mar 1998

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $300 a year.

How does your 990 look to donors? Take the 10-Question Audit

To provide support to entities that provide affordable, decent, safe, and sanitary dwellings and apartments or other living accomodations for persons of low and moderate income.

100¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $67K a year · 27% of revenue · last 6 filings
A surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
93.1 mo
of spending, in cash
93.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$268K
+39% vs prior year
Spent
$301K
To programs
100%
Net assets
$8.2M
By yearFY2020–FY2025
Revenue
$268K
FY2025▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$280K
FY2021$32K
FY2022$348K
FY2023$370K
FY2024$193K
FY2025$268K
Expenses
$301K
FY2025▼ -0.8%
Tap a bar for its year
Expenses by fiscal year
FY2020$300K
FY2021$300K
FY2022$303K
FY2023$383K
FY2024$304K
FY2025$301K
Net assets
$8.2M
FY2025▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.0M
FY2021$6.8M
FY2022$6.8M
FY2023$8.4M
FY2024$8.3M
FY2025$8.2M

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

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1998.

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% · $301K

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
John Corcoran
Vice President
$0Pt VII · Sec A
Djuana Wellington
Secretary/Treasurer
$0Pt VII · Sec A
Laura Roberts
Commissioner
$0Pt VII · Sec A
See Spring Chase INC executive salaries →

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

Funds groups building affordable, safe housing for low-income people.

Questions for Spring Chase INC

Tap to ask. Spring Chase INC sees how many people are interested.

Your first name shows with your question. Spring Chase INC answers here, for everyone.

1 program · $301K · in their own filed words · FY2024
01

Spring Chase, Inc. provides support to entities providing low income housing.

$301Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$268K
Ln 12
Investment incomeLn 3$268K
Other incomeLn 4–11$100
Money outPt IX
$301K
Ln 25
Programscol B$301K
Owns and owesPt X
$8.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$8.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$268K
Other incomeLn 4–11$100
Total revenueLn 12$268K
Assets in detailPt X, end of year
CashLn 1$2.3M
Cash and savings togetherLn 1–2$2.3M
Notes and loans receivableLn 7$4.7M
Other assetsLn 15$1.1M
Total assetsLn 16$8.2M
LiabilitiesLn 26$0
Net assetsLn 32$8.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
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$6.6M$2.3M
Total assetsLn 16$8.3M$8.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$8.3M$8.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Payments to affiliatesLn 21$300K$300K
Total functional expensesLn 25$301K$301K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Mar 6, 2026 $268K$301K−$33K$8.2M 990 PDF
FY2024Filed with the IRS May 5, 2025 $193K$304K−$110K$8.3M 990 PDF
FY2023Filed with the IRS May 1, 2024 $370K$383K−$14K$8.4M 990 PDF
FY2022Filed with the IRS May 15, 2023 $348K$303K$45K$6.8M 990 PDF
FY2021Filed with the IRS May 16, 2022 $32K$300K−$268K$6.8M 990 PDF
FY2020Filed with the IRS Apr 12, 2021 $280K$300K−$21K$7.0M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $268,447 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $193,461$268,347
I-11 Other revenuePrior year $0$100
I-12 Total revenuePrior year $193,461$268,447
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 $303,560$301,000
I-18 Total expensesPrior year $303,560$301,000
I-19 Revenue less expensesPrior year −$110,099−$32,553
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $268,447 across 3 lines filed
VIII-3 Investment incomeRelated to mission $268,347$268,347
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $100$100
VIII-12 Total revenueRelated to mission $268,447 · Unrelated business $0 · Excluded from tax $0$268,447
Part IX · Statement of functional expenses $301,000 across 2 lines filed
IX-11c Accounting feesPrograms $1,000$1,000
IX-21 Payments to affiliatesPrograms $300,000$300,000
IX-25 Total functional expensesPrograms $301,000 · Management $0 · Fundraising $0$301,000
Part X · Balance sheet $8,179,231 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $6,606,217$2,335,372
X-7 Notes and loans receivableStart of year $491,569$4,729,862
X-15 Other assetsStart of year $1,163,998$1,113,997
X-16 Total assetsStart of year $8,261,784$8,179,231
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $8,261,784$8,179,231
X-32 Total net assets or fund balancesStart of year $8,261,784$8,179,231
X-33 Total liabilities and net assetsStart of year $8,261,784$8,179,231
Part XI · Reconciliation of net assets $8,179,231 net assets at year end
XI-1 Total revenue$268,447
XI-2 Total expenses$301,000
XI-3 Revenue less expenses−$32,553
XI-4 Net assets at start of year$8,261,784
XI-8 Prior period adjustments−$50,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,179,231

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.