Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
95 cents of each dollar spent went to programs.
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
7 people listed on the 990.
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
Empowers communities by fostering affordable housing solutions.
Questions for Socayr INC
Your first name shows with your question. Socayr INC answers here, for everyone.
The organization has been established to foster the empowerment of affordable housing.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Federal money
The auditor reported no findings.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $854K | $2.8M |
| Land, buildings, equipmentLn 10c | $14.9M | $14.6M |
| Total assetsLn 16 | $32.6M | $34.9M |
| LiabilitiesLn 26 | $20.7M | $21.3M |
| Net assetsLn 32 | $11.9M | $13.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $1.3M | $1.3M | ||
| Pension plan contributionsLn 8 | $67K | $67K | ||
| Other employee benefitsLn 9 | $8K | $8K | ||
| Payroll taxesLn 10 | $59K | $59K | ||
| Management feesLn 11a | $279K | $279K | ||
| Legal feesLn 11b | $46K | $46K | ||
| Accounting feesLn 11c | $34K | $34K | ||
| Other fees for servicesLn 11g | $198K | $198K | ||
| Advertising and promotionLn 12 | $45K | $45K | ||
| Office expensesLn 13 | $307K | $307K | ||
| OccupancyLn 16 | $1.3M | $1.3M | ||
| TravelLn 17 | $7K | $7K | ||
| Conferences, conventions and meetingsLn 19 | $21K | $21K | ||
| InterestLn 20 | $647K | $647K | ||
| Depreciation, depletion and amortizationLn 22 | $795K | $795K | ||
| InsuranceLn 23 | $318K | $318K | ||
| Other expenses (24a–d)Ln 24 | $65K | $65K | ||
| Total functional expensesLn 25 | $5.5M | $5.2M | $279K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Aug 14, 2026 | $45.3M | $17.0M | $28.2M | $50.1M | 990 PDF |
| FY2024Filed with the IRS Oct 27, 2025 | $11.5M | $8.7M | $2.8M | $19.6M | 990 PDF |
| FY2023Filed with the IRS Jul 11, 2024 | $6.2M | $6.6M | −$347K | $16.8M | 990 PDF |
| FY2022Filed with the IRS Nov 14, 2023 | $13.5M | $9.9M | $3.6M | $17.2M | 990 PDF |
| FY2021 ViewingFiled with the IRS Aug 20, 2022 | $6.7M | $5.5M | $1.3M | $13.6M | 990 PDF |
| FY2020Filed with the IRS May 17, 2022 | $4.5M | $4.1M | $405K | $11.9M | 990 PDF |
Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $6,749,829 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 4 to look at
Part VIII · Statement of revenue $6,749,829 across 7 lines filed
Part IX · Statement of functional expenses $5,455,379 across 17 lines filed
Part X · Balance sheet $34,945,508 assets, 15 lines filed
Part XI · Reconciliation of net assets $13,597,056 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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