Spring Meadows INC: Nonprofit Profile, Financials & Form 990 (EIN 71-0533427)

Revenue by fiscal year
FY2021	$834K
FY2022	$844K
FY2023	$881K
FY2024	$882K
FY2025	$918K

Expenses by fiscal year
FY2021	$839K
FY2022	$833K
FY2023	$850K
FY2024	$797K
FY2025	$819K

Net assets by fiscal year
FY2021	−$979K
FY2022	−$968K
FY2023	−$898K
FY2024	−$814K
FY2025	−$715K

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

90 cents of each dollar spent went to programs.

90%

Program services 90% · $740K Management & general 10% · $79K

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

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation

Rodney Weeks

President

$0Pt VII · Sec A

Jeff Desnhardt

Vice President

$0Pt VII · Sec A

Sharon Horwart

Secretary/Treasurer

$0Pt VII · Sec A

Vera Thompson

Director

$0Pt VII · Sec A

Sharon Wright

Director

$0Pt VII · Sec A

Don Ogden

Director

$0Pt VII · Sec A

Jeff Watson

Director

$0Pt VII · Sec A

See Spring Meadows INC executive salaries →

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 15aYes

Programs and updates

Builds and manages affordable homes for older adults.

Questions for Spring Meadows INC

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1 program · $740K · in their own filed words · FY2024

01

To provide low income housing for the elderly through the use of HUDs Section 202 Program

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 71-0533427) · Dispute this line

$740Kprogram 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 · FY2021

Champaign County Memorial FoundationFY2021$480

Total grants receivedfrom 1 funder$480

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Sep 2020 · $2.5M federal money spent

Interest Reduction Payments_rental and Cooperative Housing for Lower Income FamiliesDepartment of Housing and Urban Development · ALN 14.103 · Direct$2.0M

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$505K

The auditor reported no findings.

Year ending Sep 2019 · $2.6M federal money spent

Interest Reduction Payments_rental and Cooperative Housing for Lower Income FamiliesDepartment of Housing and Urban Development · ALN 14.103 · Direct$2.1M

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$494K

The auditor reported no findings.

Year ending Sep 2018 · $2.6M federal money spent

Interest Reduction Payments_rental and Cooperative Housing for Lower Income FamiliesDepartment of Housing and Urban Development · ALN 14.103 · Direct$2.1M

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$482K

The auditor reported no findings.

Year ending Sep 2017 · $2.6M federal money spent

Interest Reduction Payments_rental and Cooperative Housing for Lower Income FamiliesDepartment of Housing and Urban Development · ALN 14.103 · Direct$2.2M

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$472K

The auditor reported no findings.

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$918K

Ln 12

Gifts and grantsLn 1h$535K

Fees for servicesLn 2g$369K

Investment incomeLn 3$13K

Money outPt IX

$819K

Ln 25

Programscol B$740K

Managementcol C$79K

Owns and owesPt X

−$715K

net assets · Ln 32

Cash and savingsLn 1–2$764K

Total assetsLn 16$1.0M

LiabilitiesLn 26$1.7M

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$535K

Government grantsLn 1e$535K

Fees for servicesLn 2g$369K

Investment incomeLn 3$13K

Other incomeLn 4–11$350

Total revenueLn 12$918K

Assets in detailPt X, end of year

CashLn 1$58K

SavingsLn 2$705K

Cash and savings togetherLn 1–2$764K

Prepaid expenses and deferred chargesLn 9$44K

Land, buildings, equipmentLn 10c$197K

Total assetsLn 16$1.0M

LiabilitiesLn 26$1.7M

Net assetsLn 32−$715K

OperationsPt I, VI

EmployeesI 56

VolunteersI 62

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$695K	$764K
Land, buildings, equipmentLn 10c	$233K	$197K
Total assetsLn 16	$983K	$1.0M
LiabilitiesLn 26	$1.8M	$1.7M
Net assetsLn 32	−$814K	−$715K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$245K	$245K	$0	$0
Other employee benefitsLn 9	$38K	$38K	$0	$0
Payroll taxesLn 10	$19K	$19K	$0	$0
Management feesLn 11a	$65K	$0	$65K	$0
Accounting feesLn 11c	$13K	$0	$13K	$0
Advertising and promotionLn 12	$203	$203	$0	$0
Office expensesLn 13	$19K	$19K	$0	$0
OccupancyLn 16	$247K	$247K	$0	$0
InterestLn 20	$56K	$56K	$0	$0
Depreciation, depletion and amortizationLn 22	$43K	$43K	$0	$0
InsuranceLn 23	$63K	$63K	$0	$0
Other expenses (24a–d)Ln 24	$10K	$10K	$0	$0
Total functional expensesLn 25	$819K	$740K	$79K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Feb 4, 2026	$918K	$819K	$99K	−$715K	990 PDF
FY2024Filed with the IRS Feb 17, 2025	$882K	$797K	$85K	−$814K	990 PDF
FY2023Filed with the IRS Jan 16, 2024	$881K	$850K	$31K	−$898K	990 PDF
FY2022Filed with the IRS Jan 12, 2023	$844K	$833K	$11K	−$968K	990 PDF
FY2021Filed with the IRS Jan 7, 2022	$834K	$839K	−$5K	−$979K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2025 990

Part I · Summary $917,553 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $505,892$534,590

I-9 Program service revenuePrior year $360,785$369,310

I-10 Investment incomePrior year $14,922$13,303

I-11 Other revenuePrior year $500$350

I-12 Total revenuePrior year $882,099$917,553

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $277,251$301,485

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $520,158$517,206

I-18 Total expensesPrior year $797,409$818,691

I-19 Revenue less expensesPrior year $84,690$98,862

Part VI · Governance 7 of 7 board members independent, 1 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-13 Written whistleblower policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $917,553 across 6 lines filed

VIII-1e Government grants$534,590

VIII-1h Total contributions, gifts and grants$534,590

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$369,310

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $13,303$13,303

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $350 · Unrelated business $0 · Excluded from tax $0$350

VIII-12 Total revenueRelated to mission $369,660 · Unrelated business $0 · Excluded from tax $13,303$917,553

Part IX · Statement of functional expenses $818,691 across 12 lines filed

IX-7 Other salaries and wagesPrograms $244,912 · Management $0 · Fundraising $0$244,912

IX-9 Other employee benefitsPrograms $37,850 · Management $0 · Fundraising $0$37,850

IX-10 Payroll taxesPrograms $18,723 · Management $0 · Fundraising $0$18,723

IX-11a Management feesPrograms $0 · Management $65,359 · Fundraising $0$65,359

IX-11c Accounting feesPrograms $0 · Management $13,350 · Fundraising $0$13,350

IX-12 Advertising and promotionPrograms $203 · Management $0 · Fundraising $0$203

IX-13 Office expensesPrograms $18,765 · Management $0 · Fundraising $0$18,765

IX-16 OccupancyPrograms $247,056 · Management $0 · Fundraising $0$247,056

IX-20 InterestPrograms $56,493 · Management $0 · Fundraising $0$56,493

IX-22 Depreciation, depletion and amortizationPrograms $43,158 · Management $0 · Fundraising $0$43,158

IX-23 InsurancePrograms $62,757 · Management $0 · Fundraising $0$62,757

IX-24 Other expenses (24a–d)Programs $10,065 · Management $0 · Fundraising $0$10,065

IX-25 Total functional expensesPrograms $739,982 · Management $78,709 · Fundraising $0$818,691

Part X · Balance sheet $1,005,066 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $50,629$58,377

X-2 Savings and temporary cash investmentsStart of year $644,800$705,451

X-9 Prepaid expenses and deferred chargesStart of year $54,487$44,235

X-10c Land, buildings and equipment, netStart of year $233,161$197,003

X-16 Total assetsStart of year $983,077$1,005,066

X-17 Accounts payable and accrued expensesStart of year $89,100$86,096

X-23 Secured mortgages and notes payableStart of year $1,707,521$1,633,652

X-26 Total liabilitiesStart of year $1,796,621$1,719,748

X-27 Net assets without donor restrictionsStart of year −$813,544−$714,682

X-32 Total net assets or fund balancesStart of year −$813,544−$714,682

X-33 Total liabilities and net assetsStart of year $983,077$1,005,066

Part XI · Reconciliation of net assets −$714,682 net assets at year end

XI-1 Total revenue$917,553

XI-2 Total expenses$818,691

XI-3 Revenue less expenses$98,862

XI-4 Net assets at start of year−$813,544

XI-10 Net assets at end of year−$714,682

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Spring Meadows INC

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 Spring Meadows INC

Funders

Grants

Federal money

By the numbers

Filing history

Schedules filed Part IV

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