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Gresham Hills INC

Tax-deductible

Florence, AL501(c)(3)Since 1992Housing EIN 59-3132303Revenue $450K in FY2025

On file with the IRS200 Gresham Hills CT, 35630-6266 · Florence, ALTax-exempt since Aug 1992Publicly supported charity — 170(b)(1)(A)(vi)

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To provide 40 supportive housing units under sec 202 of the housing act of 1959 for the residents of florence, alabama.

501(c)(3) charity; gifts are tax-deductible.
89¢ 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 $14K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.7M
156% of total assets
Concern: liabilities are 156% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$450K
+19% vs prior year
Spent
$416K
To programs
89%
Net assets
−$607K
By yearFY2020–FY2025
Revenue
$450K
FY2025▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$325K
FY2021$333K
FY2022$344K
FY2023$377K
FY2025$450K
Expenses
$416K
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$348K
FY2021$354K
FY2022$393K
FY2023$389K
FY2025$416K
Net assets
−$607K
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020−$565K
FY2021−$586K
FY2022−$635K
FY2023−$646K
FY2025−$607K

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

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1992.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $371K Management & general 11% · $44K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Bart Rickard
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Laws Rushing II
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
Pat Moon
Sec / Treas
$0Pt VII · Sec A
$0Pt VII · Sec A
Lori Tays
Officer
$0Pt VII · Sec A
See Gresham Hills 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

Offers 40 affordable housing units for Florence, Alabama residents.

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Provided by the organization

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1 program · $371K · in their own filed words · FY2024
01

Provided 40 supportive housing units under sec 202 of the housing act of 1959 for the residents of florence, alabama.

$371Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$450K
Ln 12
Fees for servicesLn 2g$443K
Investment incomeLn 3$8K
Money outPt IX
$416K
Ln 25
Programscol B$371K
Managementcol C$44K
Owns and owesPt X
−$607K
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$1.1M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$443K
Investment incomeLn 3$8K
Total revenueLn 12$450K
Assets in detailPt X, end of year
CashLn 1$13K
Cash and savings togetherLn 1–2$13K
Land, buildings, equipmentLn 10c$551K
Other assetsLn 15$518K
Total assetsLn 16$1.1M
LiabilitiesLn 26$1.7M
Net assetsLn 32−$607K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$10K$13K
Land, buildings, equipmentLn 10c$578K$551K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$1.7M$1.7M
Net assetsLn 32−$641K−$607K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$82K$82K
Other employee benefitsLn 9$10K$10K
Payroll taxesLn 10$6K$6K
Management feesLn 11a$36K$36K
Accounting feesLn 11c$10K$2K$8K
Advertising and promotionLn 12$299$299
Office expensesLn 13$21K$21K
OccupancyLn 16$72K$72K
Conferences, conventions and meetingsLn 19$3K$3K
Depreciation, depletion and amortizationLn 22$43K$43K
InsuranceLn 23$32K$32K
Other expenses (24a–d)Ln 24$98K$98K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$416K$371K$44K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $450K$416K$35K−$607K 990 PDF
FY2024 Not on file
FY2023 $377K$389K−$11K−$646K 990 PDF
FY2022 $344K$393K−$49K−$635K 990 PDF
FY2021 $333K$354K−$21K−$586K 990 PDF
FY2020 $325K$348K−$23K−$565K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $450,447 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $416,641$442,763
I-10 Investment incomePrior year $7,984$7,684
I-11 Other revenue$0
I-12 Total revenuePrior year $424,625$450,447
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $98,648$98,265
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $321,041$317,612
I-18 Total expensesPrior year $419,689$415,877
I-19 Revenue less expensesPrior year $4,936$34,570
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $450,447 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $442,763$442,763
VIII-3 Investment incomeRelated to mission $7,684$7,684
VIII-12 Total revenueRelated to mission $450,447$450,447
Part IX · Statement of functional expenses $415,877 across 13 lines filed
IX-7 Other salaries and wagesPrograms $81,992$81,992
IX-9 Other employee benefitsPrograms $9,928$9,928
IX-10 Payroll taxesPrograms $6,345$6,345
IX-11a Management feesManagement $36,243$36,243
IX-11c Accounting feesPrograms $1,920 · Management $8,200$10,120
IX-12 Advertising and promotionPrograms $299$299
IX-13 Office expensesPrograms $20,561$20,561
IX-16 OccupancyPrograms $71,613$71,613
IX-19 Conferences, conventions and meetingsPrograms $3,302$3,302
IX-22 Depreciation, depletion and amortizationPrograms $43,231$43,231
IX-23 InsurancePrograms $32,473$32,473
IX-24 Other expenses (24a–d)Programs $98,370$98,370
IX-24e All other expensesPrograms $1,400$1,400
IX-25 Total functional expensesPrograms $371,434 · Management $44,443 · Fundraising $0$415,877
Part X · Balance sheet $1,092,162 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $9,765$12,703
X-9 Prepaid expenses and deferred chargesStart of year $11,465$10,671
X-10c Land, buildings and equipment, netStart of year $578,500$551,116
X-15 Other assetsStart of year $455,254$517,672
X-16 Total assetsStart of year $1,054,984$1,092,162
X-17 Accounts payable and accrued expensesStart of year $12,304$14,369
X-25 Other liabilitiesStart of year $15,347$15,890
X-26 Total liabilitiesStart of year $1,696,451$1,699,059
X-27 Net assets without donor restrictionsStart of year −$641,467−$606,897
X-32 Total net assets or fund balancesStart of year −$641,467−$606,897
X-33 Total liabilities and net assetsStart of year $1,054,984$1,092,162
Part XI · Reconciliation of net assets −$606,897 net assets at year end
XI-1 Total revenue$450,447
XI-2 Total expenses$415,877
XI-3 Revenue less expenses$34,570
XI-4 Net assets at start of year−$641,467
XI-10 Net assets at end of year−$606,897

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

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