Beacon Harbor INC FY2023 filing

Tax-deductible

Greenwood, MS501(c)(3)Since 1983EIN 64-0651273

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

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
5 of 6
filings with a surplus
Average surplus $94K a year · 24% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$96K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$406K
+16% vs prior year
Spent
$271K
To programs
54%
Net assets
$681K
By yearFY2020–FY2025
Revenue
$406K
FY2023▲ +16%
Revenue by fiscal year
FY2020$410K
FY2021$372K
FY2022$348K
FY2023$406K
FY2024$396K
FY2025$395K
Expenses
$271K
FY2023▲ +5%
Expenses by fiscal year
FY2020$413K
FY2021$256K
FY2022$259K
FY2023$271K
FY2024$278K
FY2025$286K
Net assets
$681K
FY2023▲ +25%
Net assets by fiscal year
FY2020$340K
FY2021$456K
FY2022$546K
FY2023$681K
FY2024$799K
FY2025$908K

From the FY2023 Form 990 · see the original

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 Oct 1981.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $147K Management & general 46% · $124K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Beacon Harbor 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 housing and support services for individuals with disabilities.

Provided by the organization

This section is blank until Beacon Harbor INC claims this page.

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1 program service account for $147K of program spending, described in the organization's own filed words · FY2023.
01

2 apartment complexes comprising 18 residential units, providing housing for the handicapped.

$147Kprogram expense

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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 · FY2022
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$406K
Ln 12
Fees for servicesLn 2g$345K
Gifts and grantsLn 1h$48K
Other incomeLn 4–11$10K
Money outPt IX
$271K
Ln 25
Programscol B$147K
Managementcol C$124K
Owns and owesPt X
$681K
net assets · Ln 32
Cash and savingsLn 1–2$323K
Total assetsLn 16$777K
LiabilitiesLn 26$96K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Noncash giftsLn 1g$25K
Fees for servicesLn 2g$345K
Investment incomeLn 3$3K
Other incomeLn 4–11$10K
Total revenueLn 12$406K
Assets in detailPt X, end of year
CashLn 1$101K
SavingsLn 2$222K
Cash and savings togetherLn 1–2$323K
Land, buildings, equipmentLn 10c$254K
Total assetsLn 16$777K
LiabilitiesLn 26$96K
Net assetsLn 32$681K
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
LineStart FY23End FY23
Cash and savingsLn 1–2$247K$323K
Land, buildings, equipmentLn 10c$262K$254K
Total assetsLn 16$654K$777K
LiabilitiesLn 26$108K$96K
Net assetsLn 32$546K$681K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$100K$72K$27K
Payroll taxesLn 10$9K$6K$2K
Accounting feesLn 11c$37K$37K
Office expensesLn 13$578$578
Conferences, conventions and meetingsLn 19$527$527
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$32K$32K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$71K$68K$3K
Total functional expensesLn 25$271K$147K$124K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $395K$286K$109K$908K 990 PDF
FY2024 $396K$278K$118K$799K 990 PDF
FY2023 Viewing $406K$271K$135K$681K 990 PDF
FY2022 $348K$259K$90K$546K 990 PDF
FY2021 $372K$256K$116K$456K 990 PDF
FY2020 $410K$413K−$2K$340K 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 $405,666 across 7 lines filed
VIII-1f All other contributions, gifts and grants$47,693
VIII-1g Noncash contributions (included above)$24,928
VIII-1h Total contributions, gifts and grants$47,693
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $344,953$344,953
VIII-3 Investment incomeExcluded from tax $3,345$3,345
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $9,675$9,675
VIII-12 Total revenueRelated to mission $344,953 · Unrelated business $9,675 · Excluded from tax $3,345$405,666
Part IX · Statement of functional expenses $270,564 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $72,256 · Management $27,250$99,506
IX-10 Payroll taxesPrograms $6,440 · Management $2,382$8,822
IX-11c Accounting feesManagement $36,552$36,552
IX-13 Office expensesManagement $578$578
IX-19 Conferences, conventions and meetingsManagement $527$527
IX-20 InterestManagement $1,887$1,887
IX-22 Depreciation, depletion and amortizationManagement $32,289$32,289
IX-23 InsuranceManagement $19,391$19,391
IX-24 Other expenses (24a–d)Programs $68,235 · Management $2,777$71,012
IX-25 Total functional expensesPrograms $146,931 · Management $123,633 · Fundraising $0$270,564
Part X · Balance sheet $777,243 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $132,749$100,889
X-2 Savings and temporary cash investmentsStart of year $114,240$222,450
X-4 Accounts receivableStart of year $140,017$194,825
X-9 Prepaid expenses and deferred chargesStart of year $5,120$4,688
X-10c Land, buildings and equipment, netStart of year $261,753$254,391
X-16 Total assetsStart of year $653,879$777,243
X-17 Accounts payable and accrued expensesStart of year $74,873$81,217
X-25 Other liabilitiesStart of year $1,319$1,326
X-26 Total liabilitiesStart of year $108,026$96,288
X-32 Total net assets or fund balancesStart of year $545,853$680,955
X-33 Total liabilities and net assetsStart of year $653,879$777,243
Part XI · Reconciliation of net assets $680,955 net assets at year end
XI-1 Total revenue$405,666
XI-2 Total expenses$270,564
XI-3 Revenue less expenses$135,102
XI-4 Net assets at start of year$545,853
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$680,955

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

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