To provide affordable housing to first time homeowners in central kentucky

501(c)(3) charity; gifts are tax-deductible.
3¢ of each $1 spent went to programs.
$71K 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

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
3 of 5
filings with a surplus
Average surplus $6K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
3%
of spending
Concern: 3% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$71K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$242K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$176K
-0.8% vs prior year
Spent
$211K
To programs
3%
Net assets
$74K
By yearFY2021–FY2025
Revenue
$176K
FY2025▼ -0.8%
Tap a bar for its year
Revenue by fiscal year
FY2021$285K
FY2022$333K
FY2023$289K
FY2024$177K
FY2025$176K
Expenses
$211K
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2021$276K
FY2022$261K
FY2023$263K
FY2024$222K
FY2025$211K
Net assets
$74K
FY2025▼ -32%
Tap a bar for its year
Net assets by fiscal year
FY2021−$15K
FY2022$57K
FY2023$153K
FY2024$108K
FY2025$74K

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

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1996.

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

Where the money goes

3 cents of each dollar spent went to programs.

Program services 3% · $6K Management & general 97% · $205K

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

18 people listed on the 990; $71K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$70,969Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Elisa Cooley’s $71K as Executive Director is at the 61st 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Elisa Cooley$70,969$73,000$48,000——
Tina Burns——$73,000$70,600$70,469

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.

See Reach 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 15aYes

Programs and updates

Helps first-time buyers afford homes in Central Kentucky.

Questions for Reach INC

Tap to ask. Reach INC sees how many people are interested.

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

Provided by the organization

Know this org? Add your story

3 programs · $6K · in their own filed words · FY2024
01

Home buyer subsidies and counseling is a program that prepares first-time homebuyer to financially qualify for mortgage financing.

$5Kprogram expense
02

Loan program provides direct financial assistance for house which meet hud's definition for low-to-moderate income. The financial assistance provides the homebuyer with funds needed for down payment and closing costs of the home purchase.

$246program expense
03

Housing development program uses hud home funds to develop & rehab existing housing units.

Pt IX · col B

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$15K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$176K
Ln 12
Gifts and grantsLn 1h$108K
Fees for servicesLn 2g$47K
Other incomeLn 4–11$21K
Money outPt IX
$211K
Ln 25
Programscol B$6K
Managementcol C$205K
Owns and owesPt X
$74K
net assets · Ln 32
Cash and savingsLn 1–2$164K
Total assetsLn 16$316K
LiabilitiesLn 26$242K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$108K
Government grantsLn 1e$12K
Fundraising eventsLn 1c$5K
Fees for servicesLn 2g$47K
Investment incomeLn 3$207
Other incomeLn 4–11$21K
Gains on assetsLn 7−$450
Total revenueLn 12$176K
Assets in detailPt X, end of year
SavingsLn 2$164K
Cash and savings togetherLn 1–2$164K
Land, buildings, equipmentLn 10c$128K
Total assetsLn 16$316K
LiabilitiesLn 26$242K
Net assetsLn 32$74K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
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$189K$164K
Land, buildings, equipmentLn 10c$136K$128K
Total assetsLn 16$367K$316K
LiabilitiesLn 26$258K$242K
Net assetsLn 32$108K$74K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$71K$71K
Other salaries and wagesLn 7$54K$54K
Other employee benefitsLn 9$1K$123$1K
Payroll taxesLn 10$9K$9K
Other fees for servicesLn 11g$23K$46$23K
Advertising and promotionLn 12$400$400
Office expensesLn 13$3K$136$3K
Information technologyLn 14$10K$381$9K
TravelLn 17$309$309
InterestLn 20$2$2
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$20K$3K$17K
All other expensesLn 24e$5K$1K$4K
Total functional expensesLn 25$211K$6K$205K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $176K$211K−$35K$74K 990 PDF
FY2024 $177K$222K−$45K$108K 990 PDF
FY2023 $289K$263K$26K$153K 990 PDF
FY2022 $333K$261K$72K$57K 990 PDF
FY2021 $285K$276K$10K−$15K 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 FY2025 990 (6 parts)
Part I · Summary $175,694 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $156,948$108,162
I-9 Program service revenuePrior year $6,476$46,765
I-10 Investment incomePrior year $206−$243
I-11 Other revenuePrior year $13,423$21,010
I-12 Total revenuePrior year $177,053$175,694
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 $159,766$135,140
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $61,989$75,453
I-18 Total expensesPrior year $221,755$210,593
I-19 Revenue less expensesPrior year −$44,702−$34,899
Part VI · Governance 18 of 18 board members independent, 2 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $175,694 across 10 lines filed
VIII-1c Fundraising events$5,415
VIII-1e Government grants$12,459
VIII-1f All other contributions, gifts and grants$90,288
VIII-1h Total contributions, gifts and grants$108,162
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,765$46,765
VIII-3 Investment incomeExcluded from tax $207$207
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$450−$450
VIII-8 Net income from fundraising eventsExcluded from tax $11,771$11,771
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,239$9,239
VIII-12 Total revenueRelated to mission $56,004 · Unrelated business $0 · Excluded from tax $11,528$175,694
Part IX · Statement of functional expenses $210,593 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $70,969$70,969
IX-7 Other salaries and wagesManagement $53,716$53,716
IX-9 Other employee benefitsPrograms $123 · Management $1,200$1,323
IX-10 Payroll taxesManagement $9,132$9,132
IX-11g Other fees for servicesPrograms $46 · Management $22,697$22,743
IX-12 Advertising and promotionPrograms $400$400
IX-13 Office expensesPrograms $136 · Management $3,232$3,368
IX-14 Information technologyPrograms $381 · Management $9,241$9,622
IX-17 TravelPrograms $309$309
IX-20 InterestManagement $2$2
IX-22 Depreciation, depletion and amortizationManagement $8,089$8,089
IX-23 InsuranceManagement $5,736$5,736
IX-24 Other expenses (24a–d)Programs $3,219 · Management $17,205$20,424
IX-24e All other expensesPrograms $1,129 · Management $3,631$4,760
IX-25 Total functional expensesPrograms $5,743 · Management $204,850 · Fundraising $0$210,593
Part X · Balance sheet $315,624 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $189,380$164,338
X-4 Accounts receivableStart of year $32,482$17,752
X-10c Land, buildings and equipment, netStart of year $136,130$127,590
X-14 Intangible assetsStart of year $8,916$5,944
X-16 Total assetsStart of year $366,908$315,624
X-17 Accounts payable and accrued expensesStart of year $14,233$11,865
X-19 Deferred revenueStart of year $11,115$4,598
X-26 Total liabilitiesStart of year $258,473$242,088
X-27 Net assets without donor restrictionsStart of year $108,435$8,192
X-28 Net assets with donor restrictions$65,344
X-32 Total net assets or fund balancesStart of year $108,435$73,536
X-33 Total liabilities and net assetsStart of year $366,908$315,624
Part XI · Reconciliation of net assets $73,536 net assets at year end
XI-1 Total revenue$175,694
XI-2 Total expenses$210,593
XI-3 Revenue less expenses−$34,899
XI-4 Net assets at start of year$108,435
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$73,536

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.

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.