Phyllis Wheatley Homes, Inc. ("Project"), is an 81 unit Apartment complex that provides affordable independent living in an energy efficient, quiet, safe and clean environment.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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 6
filings with a surplus
Average surplus $24K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
<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
$65K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$616K
Spent
$620K
To programs
60%
Net assets
$160K
By yearFY2020–FY2025
Revenue
$616K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$616K
FY2021$611K
FY2022$820K
FY2023$642K
FY2024$710K
FY2025$679K
Expenses
$620K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$620K
FY2021$623K
FY2022$642K
FY2023$726K
FY2024$650K
FY2025$672K
Net assets
$160K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$160K
FY2021$148K
FY2022$326K
FY2023$127K
FY2024$187K
FY2025$223K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 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 1977.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $372K Management & general 40% · $248K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Phyllis Wheatley Homes 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

Provides affordable, independent apartments in a safe and quiet environment.

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Provided by the organization

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1 program · $372K · in their own filed words · FY2020
01

The organization operates a housing apartment complex for low-income tenants and all activities are regulated by the US Department of Housing and Urban Development.

$372Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$616K
Ln 12
Fees for servicesLn 2g$573K
Gifts and grantsLn 1h$43K
Investment incomeLn 3$49
Money outPt IX
$620K
Ln 25
Programscol B$372K
Managementcol C$248K
Owns and owesPt X
$160K
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$226K
LiabilitiesLn 26$65K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$43K
Fees for servicesLn 2g$573K
Investment incomeLn 3$49
Gains on assetsLn 7$0
Total revenueLn 12$616K
Assets in detailPt X, end of year
CashLn 1$18K
SavingsLn 2$0
Cash and savings togetherLn 1–2$18K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$71K
Other assetsLn 15$103K
Total assetsLn 16$226K
LiabilitiesLn 26$65K
Net assetsLn 32$160K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$6K$18K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$76K$71K
Total assetsLn 16$208K$226K
LiabilitiesLn 26$43K$65K
Net assetsLn 32$165K$160K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$122K$73K$49K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$84$50$34
Payroll taxesLn 10$10K$6K$4K
Management feesLn 11a$39K$23K$16K
Legal feesLn 11b$12K$7K$5K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$100K$60K$40K
Advertising and promotionLn 12$1K$720$480
Office expensesLn 13$35K$21K$14K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$252K$151K$101K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$4K$3K$2K
InsuranceLn 23$38K$23K$15K
Other expenses (24a–d)Ln 24$7K$4K$3K
All other expensesLn 24e$0
Total functional expensesLn 25$620K$372K$248K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $679K$672K$7K$223K 990 PDF
FY2024 $710K$650K$60K$187K 990 PDF
FY2023 $642K$726K−$84K$127K 990 PDF
FY2022 $820K$642K$178K$326K 990 PDF
FY2021 $611K$623K−$12K$148K 990 PDF
FY2020 Viewing $616K$620K−$4K$160K 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 FY2020 990 (6 parts)
Part I · Summary $615,901 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $49,586$43,278
I-9 Program service revenuePrior year $562,994$572,574
I-10 Investment incomePrior year $185$49
I-11 Other revenue$0
I-12 Total revenuePrior year $612,765$615,901
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $117,296$131,558
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $530,171$488,728
I-18 Total expensesPrior year $647,467$620,286
I-19 Revenue less expensesPrior year −$34,702−$4,385
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $615,901 across 9 lines filed
VIII-1f All other contributions, gifts and grants$43,278
VIII-1h Total contributions, gifts and grants$43,278
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $572,574$572,574
VIII-3 Investment incomeExcluded from tax $49$49
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $572,574 · Excluded from tax $49$615,901
Part IX · Statement of functional expenses $620,286 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $73,169 · Management $48,780$121,949
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $50 · Management $34$84
IX-10 Payroll taxesPrograms $5,715 · Management $3,810$9,525
IX-11a Management feesPrograms $23,384 · Management $15,589$38,973
IX-11b Legal feesPrograms $7,138 · Management $4,759$11,897
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $60,166 · Management $40,111$100,277
IX-12 Advertising and promotionPrograms $720 · Management $480$1,200
IX-13 Office expensesPrograms $21,089 · Management $14,060$35,149
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $151,165 · Management $100,776$251,941
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $2,696 · Management $1,797$4,493
IX-23 InsurancePrograms $22,823 · Management $15,215$38,038
IX-24 Other expenses (24a–d)Programs $4,056 · Management $2,704$6,760
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $372,171 · Management $248,115 · Fundraising $0$620,286
Part X · Balance sheet $225,618 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $5,551$18,174
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $20,061$18,495
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $14,431$14,431
X-10c Land, buildings and equipment, netStart of year $75,680$71,187
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $92,325$103,331
X-16 Total assetsStart of year $208,048$225,618
X-17 Accounts payable and accrued expensesStart of year $22,574$44,708
X-26 Total liabilitiesStart of year $43,409$65,364
X-27 Net assets without donor restrictionsStart of year $164,639$160,254
X-32 Total net assets or fund balancesStart of year $164,639$160,254
X-33 Total liabilities and net assetsStart of year $208,048$225,618
Part XI · Reconciliation of net assets $160,254 net assets at year end
XI-1 Total revenue$615,901
XI-2 Total expenses$620,286
XI-3 Revenue less expenses−$4,385
XI-4 Net assets at start of year$164,639
XI-10 Net assets at end of year$160,254

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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