Eufaula Housing Development INC: FY2023 Nonprofit Profile & Form 990 (EIN 63-1241037)

Revenue by fiscal year
FY2020	$40K
FY2021	$101K
FY2022	$2.5M
FY2023	$477K
FY2024	$764K

Expenses by fiscal year
FY2020	$33K
FY2021	$66K
FY2022	$244K
FY2023	$450K
FY2024	$755K

Net assets by fiscal year
FY2020	$808K
FY2021	$843K
FY2022	$3.1M
FY2023	$3.1M
FY2024	$3.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2003.

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

Where the money goes

83 cents of each dollar spent went to programs.

83%

17%

Program services 83% · $374K Management & general 17% · $76K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation

Garry Garrison

President

$0Pt VII · Sec A

Derek Thomas

Vice President

$0Pt VII · Sec A

Jerry Stanley

Director

$0Pt VII · Sec A

Phil Clayton

Director

$0Pt VII · Sec A

Larry Thomas

Director

$0Pt VII · Sec A

Tom Wachs

Secretary

$0Pt VII · Sec A

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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

Offers educational and affordable housing for Eufaula, Alabama residents.

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Provided by the organization

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1 program · $374K · in their own filed words · FY2023

01

Management of low income housing units and after school education provided by area teachers to low income students

$374Kprogram expense

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 · FY2025

The Stauffer Family FoundationFY2025$4K

Total grants receivedfrom 1 funder$4K

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$477K

Ln 12

Fees for servicesLn 2g$462K

Gifts and grantsLn 1h$9K

Investment incomeLn 3$6K

Money outPt IX

$450K

Ln 25

Programscol B$374K

Managementcol C$76K

Owns and owesPt X

$3.1M

net assets · Ln 32

Cash and savingsLn 1–2$433K

Total assetsLn 16$7.6M

LiabilitiesLn 26$4.5M

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$9K

Fees for servicesLn 2g$462K

Investment incomeLn 3$6K

Total revenueLn 12$477K

Assets in detailPt X, end of year

CashLn 1$170K

SavingsLn 2$263K

Cash and savings togetherLn 1–2$433K

InvestmentsLn 11–13$121K

Land, buildings, equipmentLn 10c$6.4M

Other assetsLn 15$631K

Total assetsLn 16$7.6M

LiabilitiesLn 26$4.5M

Net assetsLn 32$3.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$435K	$433K
InvestmentsLn 11–13	$119K	$121K
Land, buildings, equipmentLn 10c	$4.8M	$6.4M
Total assetsLn 16	$5.3M	$7.6M
LiabilitiesLn 26	$2.2M	$4.5M
Net assetsLn 32	$3.1M	$3.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$62K	$17K	$44K
Other employee benefitsLn 9	$3K		$3K
Other fees for servicesLn 11g	$20K		$20K
Office expensesLn 13	$9K		$9K
OccupancyLn 16	$11K	$11K
InterestLn 20	$85K	$85K
Depreciation, depletion and amortizationLn 22	$174K	$174K
InsuranceLn 23	$29K	$29K
Other expenses (24a–d)Ln 24	$57K	$57K
Total functional expensesLn 25	$450K	$374K	$76K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$764K	$755K	$8K	$3.2M	990 PDF
FY2023 Viewing	$477K	$450K	$27K	$3.1M	990 PDF
FY2022	$2.5M	$244K	$2.3M	$3.1M	990 PDF
FY2021	$101K	$66K	$35K	$843K	990 PDF
FY2020	$40K	$33K	$7K	$808K	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 FY2023 990 (6 parts)

Part I · Summary $477,428 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,312,799$9,425

I-9 Program service revenuePrior year $206,827$461,921

I-10 Investment incomePrior year $443$6,082

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $2,520,069$477,428

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 $27,312$64,926

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $216,714$385,075

I-18 Total expensesPrior year $244,026$450,001

I-19 Revenue less expensesPrior year $2,276,043$27,427

Part VI · Governance 5 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

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 $477,428 across 5 lines filed

VIII-1f All other contributions, gifts and grants$9,425

VIII-1h Total contributions, gifts and grants$9,425

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $461,921$461,921

VIII-3 Investment incomeExcluded from tax $6,082$6,082

VIII-12 Total revenueRelated to mission $461,921 · Unrelated business $0 · Excluded from tax $6,082$477,428

Part IX · Statement of functional expenses $450,001 across 9 lines filed

IX-7 Other salaries and wagesPrograms $17,076 · Management $44,450$61,526

IX-9 Other employee benefitsManagement $3,400$3,400

IX-11g Other fees for servicesManagement $19,548$19,548

IX-13 Office expensesManagement $8,931$8,931

IX-16 OccupancyPrograms $10,534$10,534

IX-20 InterestPrograms $85,417$85,417

IX-22 Depreciation, depletion and amortizationPrograms $174,440$174,440

IX-23 InsurancePrograms $29,385$29,385

IX-24 Other expenses (24a–d)Programs $56,820$56,820

IX-25 Total functional expensesPrograms $373,672 · Management $76,329 · Fundraising $0$450,001

Part X · Balance sheet $7,646,622 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $188,323$170,054

X-2 Savings and temporary cash investmentsStart of year $246,923$262,520

X-4 Accounts receivableStart of year $1,649$22,799

X-9 Prepaid expenses and deferred chargesStart of year $16,123$20,602

X-10c Land, buildings and equipment, netStart of year $4,763,859$6,418,339

X-11 Publicly traded securitiesStart of year $100,792$102,893

X-13 Program-related investmentsStart of year $18,000$18,000

X-15 Other assetsStart of year $3,148$631,415

X-16 Total assetsStart of year $5,338,817$7,646,622

X-17 Accounts payable and accrued expensesStart of year $95,649$352,211

X-19 Deferred revenueStart of year $4,911$653,916

X-25 Other liabilitiesStart of year $12,000$12,000

X-26 Total liabilitiesStart of year $2,219,995$4,500,373

X-27 Net assets without donor restrictionsStart of year $3,118,822$3,146,249

X-32 Total net assets or fund balancesStart of year $3,118,822$3,146,249

X-33 Total liabilities and net assetsStart of year $5,338,817$7,646,622

Part XI · Reconciliation of net assets $3,146,249 net assets at year end

XI-1 Total revenue$477,428

XI-2 Total expenses$450,001

XI-3 Revenue less expenses$27,427

XI-4 Net assets at start of year$3,118,822

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$3,146,249

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

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Eufaula Housing Development INC FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Eufaula Housing Development INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV