Spring Meadows INC FY2021 filing

EIN 71-0533427 Membership association Springdale, AR NTEE L21Z
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Revenue & expenses by yearFY2021–FY2025
Revenue
$834K
FY2021
Expenses
$839K
FY2021

Form 990 for the fiscal year ending September 2021 (IRS tax year 2020).


Builds and manages affordable homes for older adults. For fiscal year 2021 it reported $834K in revenue, $839K in expenses, and $-979K in net assets.Pt I

Type
Membership association · Housing
Location
Springdale, AR
Filings
5 on file (2021–2021)
Revenue
$834KFY2021
Expenses
$839K
Net assets
$-979K
People
7
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Provided by the organization

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Size
$100K–1M
What they do
Builds and manages affordable homes for older adults.
Leadership
Rodney Weeks · Director
Money in and out
$834K revenue, $839K expenses
Bottom line
-0.6% operating surplus

What Funders Ask

From IRS filings

Tax-deductible?

warning No

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Foundation funders?

good 1 funder — Champaign County Memorial Foundation

$480 in the latest grant year. Details →

Spent on programs?

good 100% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$100K–1M

Details →

Membership & operating revenue · FY2021
Total revenue
$834K
Pt VIII · Ln 12
Total expenses
$839K
Pt IX · Ln 25
Net assets
$-979K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
-0.6%
revenue over expenses
Earned revenue
100%
of revenue from program services & dues
Payroll share
29%
of spending is salaries & benefits

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.0M
FY2021
Total liabilities
$2.0M
FY2021
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CSpring Meadows INC
EINHdr · item D71-0533427
Principal addressHdr · item CSpringdale, AR
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAR
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFHousing (L21Z)
Ruling yearIRS BMFOct 1981

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treas
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $839K of program spending, described in the organization's own filed words · FY2020.
01

Provide housing for the elderly. Served 81 senior citizens in the Springdale, AR area for the year.

$839Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$834K
Investment income$188
Total revenueLn 12$834K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$839K
Total functional expensesLn 25$839K

Balance Sheet

Part X · end of year
CashLn 1$589K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$2.0M
Total net assetsLn 32$-979K
Months of cash on handcomputed8.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $589K · Operating expenses/yr $839K
8.4 months
Where the money goes
Program services
Program services $839K · Total expenses $839K
100%
Management & General
Management & general $0 · Total expenses $839K
0%
Fundraising
Fundraising $0 · Total expenses $839K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $834K
0%
Government reliance
Government grants — · Total revenue $834K
—
Earned-income share
Program service revenue $834K · Total revenue $834K
100%
Investment reliance
Investment income $188 · Total revenue $834K
+0.02%
Program self-sufficiency
Program service revenue $834K · Total expenses $839K
99%
Growth & trend
Revenue growth (YoY)
This year $834K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-979K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $834K · Expenses $839K
-0.6%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
—
Net-asset ratio
Net assets $-979K · Total assets $1.0M
-97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.0M
0%
People & payroll
Highest Reported Total Compensation
Individual Rodney Weeks · Reported title Director · Highest reported compensation $0 · Total expenses $839K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $246K · Total expenses $839K
29%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 2%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$480

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$918K revenue · ⤓ 990 PDF
FY2024$882K revenue · ⤓ 990 PDF
FY2023$881K revenue · ⤓ 990 PDF
FY2022$844K revenue · ⤓ 990 PDF
FY2021$834K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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