Keystone Halls INC FY2020 filing

Fort Lauderdale, FLUnknown exempt organization EIN 65-0875670Revenue $1.2M in FY2020

On file with the IRS1420 Sw 3rd Avenue · Fort Lauderdale, FL

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Rehabilitating alcoholics and addicts, transitional housing for homeless veterans.

77¢ of each $1 spent went to programs.
$230K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $108K a year · 11% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$230K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
76% of total assets
Worth a look: liabilities are 76% of assets; over 65%.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$1.3M
To programs
77%
Net assets
$394K
By yearFY2020–FY2023
Revenue
$1.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$703K
FY2022$0
FY2023$0
Expenses
$1.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$878K
FY2022Not on file
FY2023Not on file
Net assets
$394K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$394K
FY2021$219K
FY2022Not on file
FY2023Not on file

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $966K Management & general 23% · $293K

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; $230K paid to officers and key staff.

Part VII, Section A · reportable compensation
$136,500Pt VII · Sec A
$93,320Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Keystone Halls 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 housing and support for homeless veterans recovering from addiction.

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Provided by the organization

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3 programs · $966K · in their own filed words · FY2020
01

VA's GPD program. Provided transitional housing to 100 homeless veterans, for an average stay of 6 months. Assisted vets in obtaining income via jobs or service connected disability payments from VA.

$544Kprogram expense
02

VA's TIP program. Leased 35 apartments from private parties, furnished and subleased same to 35 qualified veterans.

$422Kprogram expense
03

Community Foundation of Broward County Program. Provided shelter food and assistance to LGBTQ individuals.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.2M
Money outPt IX
$1.3M
Ln 25
Programscol B$966K
Managementcol C$293K
Owns and owesPt X
$394K
net assets · Ln 32
Cash and savingsLn 1–2$124K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2M
Gains on assetsLn 7$0
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$124K
SavingsLn 2$0
Cash and savings togetherLn 1–2$124K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$0
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.3M
Net assetsLn 32$394K
OperationsPt I, VI
EmployeesI 50
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 FY20End FY20
Cash and savingsLn 1–2$57K$124K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$1.8M$1.7M
LiabilitiesLn 26$1.4M$1.3M
Net assetsLn 32$436K$394K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$341K$341K
Pay of current officers, directors and key staffLn 5$230K$115K$115K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$188K$141K$47K
Pension plan contributionsLn 8$24K$12K$12K
Other employee benefitsLn 9$22K$11K$11K
Payroll taxesLn 10$25K$25K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$25K$25K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$28K$28K
Advertising and promotionLn 12$0
Office expensesLn 13$53K$53K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$97K$97K
TravelLn 17$1K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$88K$88K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$81K$50K$30K
InsuranceLn 23$40K$40K
Other expenses (24a–d)Ln 24$16K$16K
All other expensesLn 24e$0
Total functional expensesLn 25$1.3M$966K$293K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $0 990 PDF
FY2022 $0 990 PDF
FY2021 $703K$878K−$175K$219K 990 PDF
FY2020 Viewing $1.2M$1.3M−$42K$394K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,216,469 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $407,330$0
I-9 Program service revenuePrior year $1,568,251$1,216,469
I-10 Investment incomePrior year $68$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,975,649$1,216,469
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $481,631$341,414
I-15 Salaries and benefitsPrior year $722,630$488,645
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $296,186$428,328
I-18 Total expensesPrior year $1,500,447$1,258,387
I-19 Revenue less expensesPrior year $475,202−$41,918
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
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 $1,216,469 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,216,469$1,216,469
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,216,469$1,216,469
Part IX · Statement of functional expenses $1,258,387 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for membersPrograms $341,414$341,414
IX-5 Pay of current officers, directors and key staffPrograms $114,910 · Management $114,910$229,820
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $140,927 · Management $46,976$187,903
IX-8 Pension plan contributionsPrograms $12,052 · Management $12,051$24,103
IX-9 Other employee benefitsPrograms $10,974 · Management $10,974$21,948
IX-10 Payroll taxesManagement $24,871$24,871
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $25,208$25,208
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $27,623$27,623
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $53,492$53,492
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $96,902$96,902
IX-17 TravelPrograms $1,308$1,308
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $87,774$87,774
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $50,459 · Management $30,216$80,675
IX-23 InsurancePrograms $39,703$39,703
IX-24 Other expenses (24a–d)Programs $15,643$15,643
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $965,558 · Management $292,829 · Fundraising $0$1,258,387
Part X · Balance sheet $1,669,053 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $56,745$123,742
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $117,098$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $59,422$11,134
X-10c Land, buildings and equipment, netStart of year $1,595,936$1,534,177
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,829,201$1,669,053
X-17 Accounts payable and accrued expensesStart of year $43,167$67,846
X-25 Other liabilities$1
X-26 Total liabilitiesStart of year $1,393,553$1,275,323
X-32 Total net assets or fund balancesStart of year $435,648$393,730
X-33 Total liabilities and net assetsStart of year $1,829,201$1,669,053
Part XI · Reconciliation of net assets $393,730 net assets at year end
XI-1 Total revenue$1,216,469
XI-2 Total expenses$1,258,387
XI-3 Revenue less expenses−$41,918
XI-4 Net assets at start of year$435,648
XI-10 Net assets at end of year$393,730

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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