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St Francis Apts INC

Tax-deductible

Ocean Springs, MS501(c)(3) EIN 64-0748961Revenue $406K in FY2024

On file with the IRSPo Box 1530, 39566-1530 · Ocean Springs, MSTax-exempt since Sep 1987Publicly supported — 509(a)(2)

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Provides housing to the elderly under section 202 of the national housing act under an agreement with the department of hud.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
4 of 5
filings with a surplus
Average surplus $15K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$578K
138% of total assets
Concern: liabilities are 138% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$406K
+16% vs prior year
Spent
$354K
To programs
93%
Net assets
−$159K
By yearFY2020–FY2024
Revenue
$406K
FY2024▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$324K
FY2021$340K
FY2022$331K
FY2023$351K
FY2024$406K
Expenses
$354K
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$300K
FY2021$332K
FY2022$347K
FY2023$343K
FY2024$354K
Net assets
−$159K
FY2024▲ +31%
Tap a bar for its year
Net assets by fiscal year
FY2020−$233K
FY2021−$224K
FY2022−$240K
FY2023−$232K
FY2024−$159K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1987.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $329K Management & general 7% · $25K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
David Green
President
$0Pt VII · Sec A
Charles Harris
Board Member
$0Pt VII · Sec A
Wilbur Green
Board Member
$0Pt VII · Sec A
Everett Sanders
Board Member
$0Pt VII · Sec A
See St Francis Apts 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

Offers affordable housing for seniors through a government program.

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Provided by the organization

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1 program · $329K · in their own filed words · FY2024
01

Provides housing to the elderly under section 202 of the national housing act under an agreement with the u. S. Department of housing and urban development.

$329Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$406K
Ln 12
Fees for servicesLn 2g$405K
Investment incomeLn 3$582
Money outPt IX
$354K
Ln 25
Programscol B$329K
Managementcol C$25K
Owns and owesPt X
−$159K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$419K
LiabilitiesLn 26$578K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$405K
Investment incomeLn 3$582
Total revenueLn 12$406K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$331K
Other assetsLn 15$78K
Total assetsLn 16$419K
LiabilitiesLn 26$578K
Net assetsLn 32−$159K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$3K
Land, buildings, equipmentLn 10c$361K$331K
Total assetsLn 16$470K$419K
LiabilitiesLn 26$702K$578K
Net assetsLn 32−$232K−$159K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$64K$64K
Other employee benefitsLn 9$23K$23K
Payroll taxesLn 10$6K$6K
Management feesLn 11a$17K$17K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$12K$12K
Office expensesLn 13$12K$12K
OccupancyLn 16$42K$42K
InterestLn 20$49K$49K
Depreciation, depletion and amortizationLn 22$50K$50K
InsuranceLn 23$64K$64K
Other expenses (24a–d)Ln 24$9K$9K
Total functional expensesLn 25$354K$329K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $406K$354K$52K−$159K 990 PDF
FY2023 $351K$343K$8K−$232K 990 PDF
FY2022 $331K$347K−$16K−$240K 990 PDF
FY2021 $340K$332K$8K−$224K 990 PDF
FY2020 $324K$300K$24K−$233K 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 FY2024 990 (6 parts)
Part I · Summary $405,915 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $349,807$405,333
I-10 Investment incomePrior year $933$582
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $350,740$405,915
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 $94,977$93,124
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $248,007$261,230
I-18 Total expensesPrior year $342,984$354,354
I-19 Revenue less expensesPrior year $7,756$51,561
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $405,915 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $405,333$405,333
VIII-3 Investment incomeExcluded from tax $582$582
VIII-12 Total revenueRelated to mission $405,333 · Unrelated business $0 · Excluded from tax $582$405,915
Part IX · Statement of functional expenses $354,354 across 12 lines filed
IX-7 Other salaries and wagesPrograms $63,750$63,750
IX-9 Other employee benefitsPrograms $23,377$23,377
IX-10 Payroll taxesPrograms $5,997$5,997
IX-11a Management feesManagement $17,138$17,138
IX-11c Accounting feesManagement $7,850$7,850
IX-11g Other fees for servicesPrograms $11,582$11,582
IX-13 Office expensesPrograms $11,782$11,782
IX-16 OccupancyPrograms $41,877$41,877
IX-20 InterestPrograms $48,737$48,737
IX-22 Depreciation, depletion and amortizationPrograms $49,650$49,650
IX-23 InsurancePrograms $63,755$63,755
IX-24 Other expenses (24a–d)Programs $8,859$8,859
IX-25 Total functional expensesPrograms $329,366 · Management $24,988 · Fundraising $0$354,354
Part X · Balance sheet $418,654 assets, 13 lines filed
X-1 Cash, non-interest-bearing$2,668
X-4 Accounts receivableStart of year $1,665$3,675
X-9 Prepaid expenses and deferred charges$3,149
X-10c Land, buildings and equipment, netStart of year $361,291$330,742
X-15 Other assetsStart of year $107,129$78,420
X-16 Total assetsStart of year $470,085$418,654
X-17 Accounts payable and accrued expensesStart of year $85,723$73,817
X-19 Deferred revenueStart of year $94$1,423
X-25 Other liabilitiesStart of year $9,053$9,582
X-26 Total liabilitiesStart of year $702,342$577,865
X-27 Net assets without donor restrictionsStart of year −$232,257−$159,211
X-32 Total net assets or fund balancesStart of year −$232,257−$159,211
X-33 Total liabilities and net assetsStart of year $470,085$418,654
Part XI · Reconciliation of net assets −$159,211 net assets at year end
XI-1 Total revenue$405,915
XI-2 Total expenses$354,354
XI-3 Revenue less expenses$51,561
XI-4 Net assets at start of year−$232,257
XI-9 Other changes in net assets$21,485
XI-10 Net assets at end of year−$159,211

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

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