Sands Horizon INC FY2021 filing

Tax-deductible

Valdosta, GA501(c)(3)HousingEIN 58-2326821Revenue $191K in FY2021

On file with the IRS1195 Old Statenville Road, 31601-6432 · Valdosta, GATax-exempt since Apr 1998Publicly supported charity — 170(b)(1)(A)(vi)

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The corporation was formed for the purpose of owning and operating a rental housing project under section 202 of the national housing act.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$22K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
0 of 5
filings with a surplus
Average deficit $43K a year · 21% of revenue · last 5 filings
Concern: a surplus in 0 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
Pay to officers and key staff
$22K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$85K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 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
$191K
Spent
$241K
To programs
100%
Net assets
$1.3M
By yearFY2021–FY2025
Revenue
$191K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$191K
FY2022$205K
FY2023$190K
FY2024$205K
FY2025$238K
Expenses
$241K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$241K
FY2022$240K
FY2023$258K
FY2024$224K
FY2025$284K
Net assets
$1.3M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.3M
FY2022$1.3M
FY2023$1.2M
FY2024$1.2M
FY2025$1.1M

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

Form 990 (PDF) Claim
You’re viewing the FY2021 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 Apr 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% · $241K

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

5 people listed on the 990; $22K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Secretary, Manager
$22,491Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Shelby Wright’s $8K as Secretary, Manager is at the 7th percentile of top reported officer pay among 852 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Shelby Wright$8,334$11,130$13,028$12,048$22,491

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 seniors and people with disabilities.

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Provided by the organization

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1 program · $241K · in their own filed words · FY2020
01

Operating and maintenance of a rental housing project consisting of 30 units under section 202 of the national housing act to provide affordable housing for low income elderly

$241Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$191K
Ln 12
Fees for servicesLn 2g$191K
Investment incomeLn 3$23
Money outPt IX
$241K
Ln 25
Programscol B$241K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$1.4M
LiabilitiesLn 26$85K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$191K
Investment incomeLn 3$23
Total revenueLn 12$191K
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$22K
Total assetsLn 16$1.4M
LiabilitiesLn 26$85K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderMarch
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 FY21End FY21
Cash and savingsLn 1–2$9K$11K
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$1.4M$1.4M
LiabilitiesLn 26$75K$85K
Net assetsLn 32$1.4M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$22K$22K
Other salaries and wagesLn 7$29K$29K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$23K$23K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$535$535
Office expensesLn 13$11K$11K
OccupancyLn 16$29K$29K
Conferences, conventions and meetingsLn 19$200$200
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$50K$50K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$46K$46K
Total functional expensesLn 25$241K$241K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $238K$284K−$46K$1.1M 990 PDF
FY2024 $205K$224K−$19K$1.2M 990 PDF
FY2023 $190K$258K−$67K$1.2M 990 PDF
FY2022 $205K$240K−$35K$1.3M 990 PDF
FY2021 Viewing $191K$241K−$50K$1.3M 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 $190,821 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $183,623$190,798
I-10 Investment incomePrior year $100$23
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $183,723$190,821
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 $52,117$55,503
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $177,350$185,238
I-18 Total expensesPrior year $229,467$240,741
I-19 Revenue less expensesPrior year −$45,744−$49,920
Part VI · Governance 4 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $190,821 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $190,798$190,798
VIII-3 Investment incomeExcluded from tax $23$23
VIII-12 Total revenueRelated to mission $190,798 · Unrelated business $0 · Excluded from tax $23$190,821
Part IX · Statement of functional expenses $240,741 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $22,491$22,491
IX-7 Other salaries and wagesPrograms $28,967$28,967
IX-10 Payroll taxesPrograms $4,045$4,045
IX-11a Management feesPrograms $23,375$23,375
IX-11c Accounting feesPrograms $5,250$5,250
IX-12 Advertising and promotionPrograms $535$535
IX-13 Office expensesPrograms $11,489$11,489
IX-16 OccupancyPrograms $29,208$29,208
IX-19 Conferences, conventions and meetingsPrograms $200$200
IX-20 InterestPrograms $4,386$4,386
IX-22 Depreciation, depletion and amortizationPrograms $50,106$50,106
IX-23 InsurancePrograms $14,954$14,954
IX-24 Other expenses (24a–d)Programs $45,735$45,735
IX-25 Total functional expensesPrograms $240,741 · Management $0 · Fundraising $0$240,741
Part X · Balance sheet $1,387,254 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $9,259$11,095
X-4 Accounts receivableStart of year $34$739
X-9 Prepaid expenses and deferred chargesStart of year $11,984$13,320
X-10c Land, buildings and equipment, netStart of year $1,390,185$1,340,080
X-15 Other assetsStart of year $15,867$22,020
X-16 Total assetsStart of year $1,427,329$1,387,254
X-17 Accounts payable and accrued expensesStart of year $34,391$39,955
X-25 Other liabilitiesStart of year $40,921$45,202
X-26 Total liabilitiesStart of year $75,312$85,157
X-27 Net assets without donor restrictionsStart of year $1,352,017$14,790
X-28 Net assets with donor restrictions$1,287,307
X-32 Total net assets or fund balancesStart of year $1,352,017$1,302,097
X-33 Total liabilities and net assetsStart of year $1,427,329$1,387,254
Part XI · Reconciliation of net assets $1,302,097 net assets at year end
XI-1 Total revenue$190,821
XI-2 Total expenses$240,741
XI-3 Revenue less expenses−$49,920
XI-4 Net assets at start of year$1,352,017
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,302,097

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

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