Catholic Housing Authority FY2021 filing

Montgomery, ALUnknown exempt organization EIN 63-0757978Revenue $957K in FY2021

On file with the IRS3721 Wares Ferry Rd · Montgomery, AL

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To operate a low income multifamily apartment complex for the elderly in montgomery, alabama.

97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $209K a year · 18% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Plus $834K in investments, Pt X · Ln 11–13
Fine: 0.7 months of spending in cash, plus $834K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.2M
71% of total assets
Worth a look: liabilities are 71% of assets; over 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$957K
-28% vs prior year
Spent
$1.2M
To programs
97%
Net assets
$1.7M
By yearFY2020–FY2023
Revenue
$957K
FY2021▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$957K
FY2022$1.0M
FY2023$1.3M
Expenses
$1.2M
FY2021▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$997K
FY2021$1.2M
FY2022$1.2M
FY2023$387K
Net assets
$1.7M
FY2021▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$1.7M
FY2022$1.5M
FY2023$0

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $1.2M Management & general 3% · $39K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Catholic Housing Authority 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 apartments for seniors in Montgomery, Alabama.

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Provided by the organization

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3 programs · $43K · in their own filed words · FY2020
01

Meals

$28Kprogram expense
02

Cable TV

$14Kprogram expense
03

Laundry

$679program expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$957K
Ln 12
Gifts and grantsLn 1h$556K
Fees for servicesLn 2g$401K
Investment incomeLn 3$208
Money outPt IX
$1.2M
Ln 25
Programscol B$1.2M
Managementcol C$39K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$73K
Total assetsLn 16$5.8M
LiabilitiesLn 26$4.2M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$556K
Government grantsLn 1e$509K
Fees for servicesLn 2g$401K
Investment incomeLn 3$208
Total revenueLn 12$957K
Assets in detailPt X, end of year
CashLn 1$73K
Cash and savings togetherLn 1–2$73K
InvestmentsLn 11–13$834K
Land, buildings, equipmentLn 10c$4.9M
Total assetsLn 16$5.8M
LiabilitiesLn 26$4.2M
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 515
Fiscal year endsHeaderSeptember
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 FY21End FY21
Cash and savingsLn 1–2$53K$73K
InvestmentsLn 11–13$2.4M$834K
Land, buildings, equipmentLn 10c$3.5M$4.9M
Total assetsLn 16$6.0M$5.8M
LiabilitiesLn 26$4.1M$4.2M
Net assetsLn 32$1.8M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$259K$259K
Other employee benefitsLn 9$27K$27K
Payroll taxesLn 10$20K$20K
Management feesLn 11a$39K$39K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$28K$28K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$27K$27K
OccupancyLn 16$346K$346K
InterestLn 20$136K$136K
Depreciation, depletion and amortizationLn 22$197K$197K
InsuranceLn 23$82K$82K
Other expenses (24a–d)Ln 24$20K$20K
Total functional expensesLn 25$1.2M$1.2M$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $1.3M$387K$937K$0 990 PDF
FY2022 $1.0M$1.2M−$201K$1.5M 990 PDF
FY2021 Viewing $957K$1.2M−$233K$1.7M 990 PDF
FY2020 $1.3M$997K$334K$1.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $956,538 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $908,158$555,790
I-9 Program service revenuePrior year $422,695$400,540
I-10 Investment incomePrior year $147$208
I-11 Other revenue$0
I-12 Total revenuePrior year $1,331,000$956,538
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $310,355$305,843
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $686,471$883,935
I-18 Total expensesPrior year $996,826$1,189,778
I-19 Revenue less expensesPrior year $334,174−$233,240
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $956,538 across 6 lines filed
VIII-1d Related organizations$46,385
VIII-1e Government grants$509,405
VIII-1h Total contributions, gifts and grants$555,790
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $400,540$400,540
VIII-3 Investment incomeRelated to mission $208$208
VIII-12 Total revenueRelated to mission $400,748$956,538
Part IX · Statement of functional expenses $1,189,778 across 13 lines filed
IX-7 Other salaries and wagesPrograms $258,898$258,898
IX-9 Other employee benefitsPrograms $26,773$26,773
IX-10 Payroll taxesPrograms $20,172$20,172
IX-11a Management feesManagement $38,608$38,608
IX-11c Accounting feesPrograms $6,748$6,748
IX-11g Other fees for servicesPrograms $28,253$28,253
IX-12 Advertising and promotionPrograms $1,612$1,612
IX-13 Office expensesPrograms $27,226$27,226
IX-16 OccupancyPrograms $345,695$345,695
IX-20 InterestPrograms $136,259$136,259
IX-22 Depreciation, depletion and amortizationPrograms $197,332$197,332
IX-23 InsurancePrograms $82,426$82,426
IX-24 Other expenses (24a–d)Programs $19,776$19,776
IX-25 Total functional expensesPrograms $1,151,170 · Management $38,608 · Fundraising $0$1,189,778
Part X · Balance sheet $5,843,066 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $52,690$73,014
X-4 Accounts receivableStart of year $1,676$5,334
X-9 Prepaid expenses and deferred chargesStart of year $59,377$75,189
X-10c Land, buildings and equipment, netStart of year $3,499,316$4,855,684
X-13 Program-related investmentsStart of year $2,354,354$833,845
X-16 Total assetsStart of year $5,967,413$5,843,066
X-17 Accounts payable and accrued expensesStart of year $140,160$132,895
X-25 Other liabilities$184,568
X-26 Total liabilitiesStart of year $4,122,564$4,173,757
X-27 Net assets without donor restrictionsStart of year $1,844,849$1,669,309
X-32 Total net assets or fund balancesStart of year $1,844,849$1,669,309
X-33 Total liabilities and net assetsStart of year $5,967,413$5,843,066
Part XI · Reconciliation of net assets $1,669,309 net assets at year end
XI-1 Total revenue$956,538
XI-2 Total expenses$1,189,778
XI-3 Revenue less expenses−$233,240
XI-4 Net assets at start of year$1,844,849
XI-9 Other changes in net assets$57,700
XI-10 Net assets at end of year$1,669,309

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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