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

Gresham Hills INC FY2023 filing

Tax-deductible

Florence, AL501(c)(3)Since 1992Housing EIN 59-3132303Revenue $377K in FY2023

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

Claim this org

(tell your story, add context, and more)

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

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.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.7M
162% of total assets
Concern: liabilities are 162% 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
$377K
+10% vs prior year
Spent
$389K
To programs
90%
Net assets
−$646K
By yearFY2020–FY2025
Revenue
$377K
FY2023▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$325K
FY2021$333K
FY2022$344K
FY2023$377K
FY2025$450K
Expenses
$389K
FY2023▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$348K
FY2021$354K
FY2022$393K
FY2023$389K
FY2025$416K
Net assets
−$646K
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020−$565K
FY2021−$586K
FY2022−$635K
FY2023−$646K
FY2025−$607K

From the FY2023 Form 990 (year ending October 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 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 Aug 1992.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $351K Management & general 10% · $38K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Kyle Butt
Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gresham Hills INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Gresham Hills INC

Tap to ask. Gresham Hills INC sees how many people are interested.

Your first name shows with your question. Gresham Hills INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $351K · in their own filed words · FY2022
01

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

$351Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$377K
Ln 12
Fees for servicesLn 2g$374K
Investment incomeLn 3$3K
Money outPt IX
$389K
Ln 25
Programscol B$351K
Managementcol C$38K
Owns and owesPt X
−$646K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$374K
Investment incomeLn 3$3K
Total revenueLn 12$377K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Land, buildings, equipmentLn 10c$612K
Other assetsLn 15$417K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.7M
Net assetsLn 32−$646K
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 FY23End FY23
Cash and savingsLn 1–2$3K$8K
Land, buildings, equipmentLn 10c$656K$612K
Total assetsLn 16$1.1M$1.0M
LiabilitiesLn 26$1.7M$1.7M
Net assetsLn 32−$635K−$646K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$79K$79K
Payroll taxesLn 10$6K$6K
Management feesLn 11a$31K$31K
Legal feesLn 11b$130$130
Accounting feesLn 11c$9K$2K$8K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$19K$19K
OccupancyLn 16$64K$64K
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$43K$43K
InsuranceLn 23$38K$38K
Other expenses (24a–d)Ln 24$96K$96K
All other expensesLn 24e$475$475
Total functional expensesLn 25$389K$351K$38K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $450K$416K$35K−$607K 990 PDF
FY2024 Not on file
FY2023 Viewing $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

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $377,410 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $344,257$374,296
I-10 Investment incomePrior year $217$3,114
I-11 Other revenue$0
I-12 Total revenuePrior year $344,474$377,410
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $91,720$84,395
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $301,733$304,332
I-18 Total expensesPrior year $393,453$388,727
I-19 Revenue less expensesPrior year −$48,979−$11,317
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $377,410 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $374,296$374,296
VIII-3 Investment incomeRelated to mission $3,114$3,114
VIII-12 Total revenueRelated to mission $377,410$377,410
Part IX · Statement of functional expenses $388,727 across 13 lines filed
IX-7 Other salaries and wagesPrograms $78,663$78,663
IX-10 Payroll taxesPrograms $5,732$5,732
IX-11a Management feesManagement $30,582$30,582
IX-11b Legal feesPrograms $130$130
IX-11c Accounting feesPrograms $1,920 · Management $7,500$9,420
IX-12 Advertising and promotionPrograms $1,724$1,724
IX-13 Office expensesPrograms $19,422$19,422
IX-16 OccupancyPrograms $63,599$63,599
IX-19 Conferences, conventions and meetingsPrograms $1,321$1,321
IX-22 Depreciation, depletion and amortizationPrograms $43,292$43,292
IX-23 InsurancePrograms $38,498$38,498
IX-24 Other expenses (24a–d)Programs $95,869$95,869
IX-24e All other expensesPrograms $475$475
IX-25 Total functional expensesPrograms $350,645 · Management $38,082 · Fundraising $0$388,727
Part X · Balance sheet $1,048,650 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $3,130$7,795
X-9 Prepaid expenses and deferred chargesStart of year $9,390$11,061
X-10c Land, buildings and equipment, netStart of year $655,713$612,421
X-15 Other assetsStart of year $393,799$417,373
X-16 Total assetsStart of year $1,062,032$1,048,650
X-17 Accounts payable and accrued expensesStart of year $13,667$11,485
X-25 Other liabilitiesStart of year $14,632$14,768
X-26 Total liabilitiesStart of year $1,697,118$1,695,053
X-27 Net assets without donor restrictionsStart of year −$635,086−$646,403
X-32 Total net assets or fund balancesStart of year −$635,086−$646,403
X-33 Total liabilities and net assetsStart of year $1,062,032$1,048,650
Part XI · Reconciliation of net assets −$646,403 net assets at year end
XI-1 Total revenue$377,410
XI-2 Total expenses$388,727
XI-3 Revenue less expenses−$11,317
XI-4 Net assets at start of year−$635,086
XI-10 Net assets at end of year−$646,403

Form 990 e-file (XML) FY2023 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.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.