Chera INC FY2021 filing

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EIN 59-2961522 Public charity (501(c)(3)) Lakleand, FL
Form 990 (PDF)

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Revenue & expenses by yearFY2021–FY2025
Revenue
$36K
FY2021
Expenses
$25K
FY2021

Form 990 for the fiscal year ending March 2021 (IRS tax year 2020).


Improves retirement living for all residents. For fiscal year 2021 it reported $36K in revenue, $25K in expenses, and $620K in net assets.Pt I

Founded
1989
Type
Public charity (501(c)(3)) · Nonprofit
Location
Lakleand, FL
Filings
5 on file (2021–2021)
Revenue
$36KFY2021
Expenses
$25K
Net assets
$620K
People
11
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Size
<$100K
What they do
Improves retirement living for all residents.
Leadership
Phyllis Watson · President
Money in and out
$36K revenue, $25K expenses
Bottom line
100% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Joseph J Schott Foundation

1 distinct foundation funder(s) on file, $2K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

100% to programs

100% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

<$100K

Revenue band <$100K. Not enough years on file for a trend. See detail →

Where the money goes · FY2021
Total revenue
$36K
Pt VIII · Ln 12
Total expenses
$25K
Pt IX · Ln 25
Net assets
$620K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $11K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Program efficiency
100%
of spending reaches programs
Operating runway
501.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+31%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$620K
FY2021
Total liabilities
$0
FY2021
Revenue less expensesPt I · Ln 19$11K
Total assetsPt X · Ln 16$620K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CChera INC
EINHdr · item D59-2961522
Principal addressHdr · item CLakleand, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1989
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1990

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Corresponding Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Resident Club Treasurer
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Building Representative
$0Pt VII · Sec A
See Chera INC executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $25K of program spending, described in the organization's own filed words · FY2020.
01

Organizing and implementing charitable projects as may be worthy and practical for all residents of the estates at carpenters. This includes donations to local 501(c)3 charities (talbot house, anchor house, teen challenge, lighthouse ministries, lakeland volunteers in medicine, florida baptist childrens' home, eac good samaritan fund and…

$14Kprogram expense
02

College scholarships for estates at carpenters employees to assist worthy employees who are interested in furthering their education.

$11Kprogram expense
03

Arranging and conducting in house non denominational religious services for all residents of the estates at carpenters.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$19K · 52%
Investment income$17K · 49%
Contributions & grants52%$19K
Investment income49%$17K
Total revenueLn 12$36K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$25K
Management & general$45
Total functional expensesLn 25$25K

Balance Sheet

Part X · end of year
CashLn 1$303K
Total assetsLn 16$620K
Total liabilitiesLn 26$0
Total net assetsLn 32$620K
Months of cash on handcomputed147.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $620K · Operating expenses (Pt IX) $25K · Less non-cash grants $10K · Cash operating expenses/yr $15K
501.8 months
Where the money goes
Program services
Program services $25K · Total expenses $25K
100%
Management & General
Management & general $45 · Total expenses $25K
0.2%
Fundraising
Fundraising $0 · Total expenses $25K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $19K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $19K · Total revenue $36K
52%
Government reliance
Government grants — · Total revenue $36K
—
Earned-income share
Program service revenue $0 · Total revenue $36K
0%
Investment reliance
Investment income $17K · Total revenue $36K
+49%
Program self-sufficiency
Program service revenue $0 · Total expenses $25K
0%
Growth & trend
Revenue growth (YoY)
This year $36K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $620K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $36K · Expenses $25K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $620K
—
Net-asset ratio
Net assets $620K · Total assets $620K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $317K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $620K
51%
People & payroll
Highest Reported Total Compensation
Individual Phyllis Watson · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $25K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $25K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0.2%——
Fundraising cost ratio 0%——
Investment management fee ratio 0.2%——
Accounting fee ratio 9%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$2K
Grants paid · 3 grants · $28K · 2020–2022
Unitemized GrantFY2022$8,798
Unitemized GrantFY2021$8,451
Unitemized GrantFY2020$11,031

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025$69K revenue · ⤓ 990 PDF
FY2024$81K revenue · ⤓ 990 PDF
FY2023$66K revenue · ⤓ 990 PDF
FY2022$65K revenue · ⤓ 990 PDF
FY2021$36K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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