Delta Towers INC

Tax-deductible

Jackson, MS501(c)(3)HousingEIN 64-0693080Revenue $704K in FY2024

On file with the IRSPo Box 1220, 39215-1220 · Jackson, MSTax-exempt since Jul 1985Publicly supported — 509(a)(2)

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Provide low-income housing

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $158K a year · 22% of revenue · last 5 filings
Looks good: a surplus in 5 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
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$284K
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$704K
-4% vs prior year
Spent
$551K
To programs
100%
Net assets
$607K
By yearFY2020–FY2024
Revenue
$704K
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$764K
FY2021$704K
FY2022$727K
FY2023$732K
FY2024$704K
Expenses
$551K
FY2024▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$562K
FY2021$533K
FY2022$565K
FY2023$630K
FY2024$551K
Net assets
$607K
FY2024▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2020$20K
FY2021$191K
FY2022$353K
FY2023$455K
FY2024$607K

From the FY2024 Form 990 (year ending November 2024) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1985.

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% · $551K

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

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Delta Towers 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

Delta Towers INC is a housing nonprofit based in Jackson, MS.

Provided by the organization

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1 program · $551K · in their own filed words · FY2023
01

Low income housing provided through the operation of 72 apartment units to the elderly AND/OR handicapped under section 202 of the national housing act.

$551Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$704K
Ln 12
Fees for servicesLn 2g$704K
Investment incomeLn 3$28
Money outPt IX
$551K
Ln 25
Programscol B$551K
Owns and owesPt X
$607K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$891K
LiabilitiesLn 26$284K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$704K
Investment incomeLn 3$28
Total revenueLn 12$704K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Land, buildings, equipmentLn 10c$763K
Other assetsLn 15$95K
Total assetsLn 16$891K
LiabilitiesLn 26$284K
Net assetsLn 32$607K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderNovember
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 FY24End FY24
Cash and savingsLn 1–2$2K$8K
Land, buildings, equipmentLn 10c$798K$763K
Total assetsLn 16$929K$891K
LiabilitiesLn 26$474K$284K
Net assetsLn 32$455K$607K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$107K$107K
Other employee benefitsLn 9$16K$16K
Payroll taxesLn 10$7K$7K
Management feesLn 11a$37K$37K
Accounting feesLn 11c$13K$13K
Advertising and promotionLn 12$250$250
Office expensesLn 13$14K$14K
TravelLn 17$1K$1K
InterestLn 20$28K$28K
Depreciation, depletion and amortizationLn 22$65K$65K
InsuranceLn 23$96K$96K
Other expenses (24a–d)Ln 24$165K$165K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$551K$551K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $704K$551K$153K$607K 990 PDF
FY2023 $732K$630K$102K$455K 990 PDF
FY2022 $727K$565K$162K$353K 990 PDF
FY2021 $704K$533K$171K$191K 990 PDF
FY2020 $764K$562K$201K$20K 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 FY2024 990 (6 parts)
Part I · Summary $703,846 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $731,836$703,818
I-10 Investment incomePrior year $27$28
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $731,863$703,846
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 $113,146$130,421
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $516,920$420,697
I-18 Total expensesPrior year $630,066$551,118
I-19 Revenue less expensesPrior year $101,797$152,728
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $703,846 across 3 lines filed
Lines not itemized here account for $9,276 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $694,542$694,542
VIII-3 Investment incomeRelated to mission $28$28
VIII-12 Total revenueRelated to mission $703,846 · Unrelated business $0 · Excluded from tax $0$703,846
Part IX · Statement of functional expenses $551,118 across 13 lines filed
IX-7 Other salaries and wagesPrograms $107,108$107,108
IX-9 Other employee benefitsPrograms $16,391$16,391
IX-10 Payroll taxesPrograms $6,922$6,922
IX-11a Management feesPrograms $37,445$37,445
IX-11c Accounting feesPrograms $13,088$13,088
IX-12 Advertising and promotionPrograms $250$250
IX-13 Office expensesPrograms $14,063$14,063
IX-17 TravelPrograms $1,084$1,084
IX-20 InterestPrograms $27,574$27,574
IX-22 Depreciation, depletion and amortizationPrograms $65,343$65,343
IX-23 InsurancePrograms $96,228$96,228
IX-24 Other expenses (24a–d)Programs $164,527$164,527
IX-24e All other expensesPrograms $1,095$1,095
IX-25 Total functional expensesPrograms $551,118 · Management $0 · Fundraising $0$551,118
Part X · Balance sheet $891,452 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,467$7,509
X-4 Accounts receivableStart of year $4,045$4,666
X-9 Prepaid expenses and deferred chargesStart of year $2,337$21,434
X-10c Land, buildings and equipment, netStart of year $798,492$762,747
X-15 Other assetsStart of year $121,180$95,096
X-16 Total assetsStart of year $928,521$891,452
X-17 Accounts payable and accrued expensesStart of year $14,974$31,902
X-25 Other liabilitiesStart of year $52,444$48,909
X-26 Total liabilitiesStart of year $474,009$284,211
X-27 Net assets without donor restrictionsStart of year $454,512$607,241
X-32 Total net assets or fund balancesStart of year $454,512$607,241
X-33 Total liabilities and net assetsStart of year $928,521$891,452
Part XI · Reconciliation of net assets $607,241 net assets at year end
XI-1 Total revenue$703,846
XI-2 Total expenses$551,118
XI-3 Revenue less expenses$152,728
XI-4 Net assets at start of year$454,512
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$607,241

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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