Ozark Housing Development INC FY2023 filing

Tax-deductible

Ozark, AL501(c)(3)Since 1995HousingEIN 63-1151221

established to asist low to moderate income citizens achieve a higher standard of living and to assist public housing authorities achieve this goal for their residents

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$87K 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

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
2 of 5
filings with a surplus
Average surplus $4K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$87K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
1% of total assets
Looks good: liabilities are 1% 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
$593K
+35% vs prior year
Spent
$559K
To programs
100%
Net assets
$358K
By yearFY2021–FY2025
Revenue
$593K
FY2023▲ +35%
Revenue by fiscal year
FY2021$458K
FY2022$438K
FY2023$593K
FY2024$583K
FY2025$658K
FY2025$570K
Expenses
$559K
FY2023▲ +27%
Expenses by fiscal year
FY2021$499K
FY2022$440K
FY2023$559K
FY2024$605K
FY2025$606K
FY2025$578K
Net assets
$358K
FY2023▲ +11%
Net assets by fiscal year
FY2021$325K
FY2022$324K
FY2023$358K
FY2024$336K
FY2025$388K
FY2025$382K

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

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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 May 1997.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $559K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990; $87K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Secretary to the Board and Inspector
$58,855Pt VII · Sec A
$28,057Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman of Board
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Lyndon Baker’s $60K as Director of Operations is at the 49th 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 · 4 named individuals · Part VII

NameFY2025FY2025FY2024FY2023FY2022FY2021
Lyndon Baker$59,582$66,932$63,671———
James Fuller$36,414$43,448$41,886$58,855$52,820$52,168
Vickie Ibrahim—$34,554$33,422$28,057$32,197$30,119
Dana Toub$34,428—————

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.

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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 15aYes

Programs and updates

Helps low-income people and housing agencies improve living standards.

Provided by the organization

This section is blank until Ozark Housing Development INC claims this page.

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1 program service account for $559K of program spending, described in the organization's own filed words · FY2022.
01

established to assist low to moderate income citizens achieve a higher standard of living and to assist public houisng authorities as they work to assist their residents achieve this goal

$559Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$593K
Ln 12
Fees for servicesLn 2g$593K
Investment incomeLn 3$263
Money outPt IX
$559K
Ln 25
Programscol B$559K
Owns and owesPt X
$358K
net assets · Ln 32
Cash and savingsLn 1–2$142K
Total assetsLn 16$363K
LiabilitiesLn 26$5K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$593K
Investment incomeLn 3$263
Total revenueLn 12$593K
Assets in detailPt X, end of year
CashLn 1$91K
SavingsLn 2$51K
Cash and savings togetherLn 1–2$142K
Land, buildings, equipmentLn 10c$130K
Total assetsLn 16$363K
LiabilitiesLn 26$5K
Net assetsLn 32$358K
OperationsPt I, VI
EmployeesI 520
VolunteersI 60
Fiscal year endsHeaderMarch
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$129K$142K
Land, buildings, equipmentLn 10c$130K$130K
Total assetsLn 16$327K$363K
LiabilitiesLn 26$3K$5K
Net assetsLn 32$324K$358K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$87K$87K$0$0
Other salaries and wagesLn 7$352K$352K$0$0
Payroll taxesLn 10$34K$34K$0$0
Accounting feesLn 11c$4K$4K$0$0
Advertising and promotionLn 12$9K$9K$0$0
Office expensesLn 13$33K$33K$0$0
OccupancyLn 16$2K$2K$0$0
TravelLn 17$555$555$0$0
InsuranceLn 23$27K$27K$0$0
All other expensesLn 24e$11K$11K$0$0
Total functional expensesLn 25$559K$559K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $658K$606K$52K$388K 990 PDF
FY2024 $583K$605K−$22K$336K 990 PDF
FY2023 Viewing $593K$559K$34K$358K 990 PDF
FY2022 $438K$440K−$2K$324K 990 PDF
FY2021 $458K$499K−$41K$325K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $592,876 across 4 lines filed
Lines not itemized here account for $592,613 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $263 · Unrelated business $0 · Excluded from tax $0$263
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $592,876 · Unrelated business $0 · Excluded from tax $0$592,876
Part IX · Statement of functional expenses $558,725 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $86,912 · Management $0 · Fundraising $0$86,912
IX-7 Other salaries and wagesPrograms $351,850 · Management $0 · Fundraising $0$351,850
IX-10 Payroll taxesPrograms $33,782 · Management $0 · Fundraising $0$33,782
IX-11c Accounting feesPrograms $4,200 · Management $0 · Fundraising $0$4,200
IX-12 Advertising and promotionPrograms $8,933 · Management $0 · Fundraising $0$8,933
IX-13 Office expensesPrograms $33,239 · Management $0 · Fundraising $0$33,239
IX-16 OccupancyPrograms $1,792 · Management $0 · Fundraising $0$1,792
IX-17 TravelPrograms $555 · Management $0 · Fundraising $0$555
IX-23 InsurancePrograms $26,871 · Management $0 · Fundraising $0$26,871
IX-24e All other expensesPrograms $10,591 · Management $0 · Fundraising $0$10,591
IX-25 Total functional expensesPrograms $558,725 · Management $0 · Fundraising $0$558,725
Part X · Balance sheet $362,599 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $78,198$90,818
X-2 Savings and temporary cash investmentsStart of year $51,061$51,324
X-4 Accounts receivableStart of year $61,786$90,457
X-10c Land, buildings and equipment, netStart of year $130,000$130,000
X-16 Total assetsStart of year $327,121$362,599
X-17 Accounts payable and accrued expensesStart of year $3,494$4,822
X-26 Total liabilitiesStart of year $3,494$4,822
X-32 Total net assets or fund balancesStart of year $323,627$357,777
X-33 Total liabilities and net assetsStart of year $327,121$362,599
Part XI · Reconciliation of net assets $357,777 net assets at year end
XI-1 Total revenue$592,876
XI-2 Total expenses$558,725
XI-3 Revenue less expenses$34,151
XI-4 Net assets at start of year$323,627
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$357,777

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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