Spring Meadows INC: FY2024 Nonprofit Profile & 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% · $721K Management & general 10% · $76K

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

Myrna Schwartz

Director

$0Pt VII · Sec A

Jeanne Harp

Director

$0Pt VII · Sec A

Don Ogden

Director

$0Pt VII · Sec A

Truman Stamps

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 · $721K · in their own filed words · FY2023

01

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

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 71-0533427) · Dispute this line

$721Kprogram 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 FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$882K

Ln 12

Gifts and grantsLn 1h$506K

Fees for servicesLn 2g$361K

Investment incomeLn 3$15K

Money outPt IX

$797K

Ln 25

Programscol B$721K

Managementcol C$76K

Owns and owesPt X

−$814K

net assets · Ln 32

Cash and savingsLn 1–2$695K

Total assetsLn 16$983K

LiabilitiesLn 26$1.8M

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$506K

Government grantsLn 1e$506K

Fees for servicesLn 2g$361K

Investment incomeLn 3$15K

Other incomeLn 4–11$500

Total revenueLn 12$882K

Assets in detailPt X, end of year

CashLn 1$51K

SavingsLn 2$645K

Cash and savings togetherLn 1–2$695K

Prepaid expenses and deferred chargesLn 9$54K

Land, buildings, equipmentLn 10c$233K

Total assetsLn 16$983K

LiabilitiesLn 26$1.8M

Net assetsLn 32−$814K

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 FY24	End FY24
Cash and savingsLn 1–2	$685K	$695K
Land, buildings, equipmentLn 10c	$268K	$233K
Total assetsLn 16	$959K	$983K
LiabilitiesLn 26	$1.9M	$1.8M
Net assetsLn 32	−$898K	−$814K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$227K	$227K	$0	$0
Other employee benefitsLn 9	$33K	$33K	$0	$0
Payroll taxesLn 10	$17K	$17K	$0	$0
Management feesLn 11a	$62K	$0	$62K	$0
Legal feesLn 11b	$970	$970	$0	$0
Accounting feesLn 11c	$14K	$0	$14K	$0
Advertising and promotionLn 12	$438	$438	$0	$0
Office expensesLn 13	$18K	$18K	$0	$0
OccupancyLn 16	$239K	$239K	$0	$0
TravelLn 17	$570	$570	$0	$0
InterestLn 20	$59K	$59K	$0	$0
Depreciation, depletion and amortizationLn 22	$52K	$52K	$0	$0
InsuranceLn 23	$46K	$46K	$0	$0
Other expenses (24a–d)Ln 24	$28K	$28K	$0	$0
Total functional expensesLn 25	$797K	$721K	$76K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Feb 4, 2026	$918K	$819K	$99K	−$715K	990 PDF
FY2024 ViewingFiled 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 FY2024 990

Part I · Summary $882,099 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $527,487$505,892

I-9 Program service revenuePrior year $339,269$360,785

I-10 Investment incomePrior year $14,238$14,922

I-11 Other revenue$500

I-12 Total revenuePrior year $880,994$882,099

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $270,399$277,251

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $579,525$520,158

I-18 Total expensesPrior year $849,924$797,409

I-19 Revenue less expensesPrior year $31,070$84,690

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 $882,099 across 5 lines filed

Lines not itemized here account for $14,922 of total revenue; see the IRS return.

VIII-1e Government grants$505,892

VIII-1h Total contributions, gifts and grants$505,892

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$360,785

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $500 · Unrelated business $0 · Excluded from tax $0$500

VIII-12 Total revenueRelated to mission $361,285 · Unrelated business $0 · Excluded from tax $14,922$882,099

Part IX · Statement of functional expenses $797,409 across 14 lines filed

IX-7 Other salaries and wagesPrograms $226,570 · Management $0 · Fundraising $0$226,570

IX-9 Other employee benefitsPrograms $33,208 · Management $0 · Fundraising $0$33,208

IX-10 Payroll taxesPrograms $17,473 · Management $0 · Fundraising $0$17,473

IX-11a Management feesPrograms $0 · Management $62,144 · Fundraising $0$62,144

IX-11b Legal feesPrograms $970 · Management $0 · Fundraising $0$970

IX-11c Accounting feesPrograms $0 · Management $14,042 · Fundraising $0$14,042

IX-12 Advertising and promotionPrograms $438 · Management $0 · Fundraising $0$438

IX-13 Office expensesPrograms $17,575 · Management $0 · Fundraising $0$17,575

IX-16 OccupancyPrograms $239,412 · Management $0 · Fundraising $0$239,412

IX-17 TravelPrograms $570 · Management $0 · Fundraising $0$570

IX-20 InterestPrograms $58,836 · Management $0 · Fundraising $0$58,836

IX-22 Depreciation, depletion and amortizationPrograms $52,165 · Management $0 · Fundraising $0$52,165

IX-23 InsurancePrograms $46,404 · Management $0 · Fundraising $0$46,404

IX-24 Other expenses (24a–d)Programs $27,602 · Management $0 · Fundraising $0$27,602

IX-25 Total functional expensesPrograms $721,223 · Management $76,186 · Fundraising $0$797,409

Part X · Balance sheet $983,077 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $55,767$50,629

X-2 Savings and temporary cash investmentsStart of year $629,096$644,800

X-9 Prepaid expenses and deferred chargesStart of year $6,176$54,487

X-10c Land, buildings and equipment, netStart of year $267,632$233,161

X-16 Total assetsStart of year $958,671$983,077

X-17 Accounts payable and accrued expensesStart of year $77,589$89,100

X-23 Secured mortgages and notes payableStart of year $1,779,318$1,707,521

X-26 Total liabilitiesStart of year $1,856,907$1,796,621

X-27 Net assets without donor restrictionsStart of year −$898,236−$813,544

X-32 Total net assets or fund balancesStart of year −$898,236−$813,544

X-33 Total liabilities and net assetsStart of year $958,671$983,077

Part XI · Reconciliation of net assets −$813,544 net assets at year end

XI-1 Total revenue$882,099

XI-2 Total expenses$797,409

XI-3 Revenue less expenses$84,690

XI-4 Net assets at start of year−$898,236

XI-8 Prior period adjustments$2

XI-10 Net assets at end of year−$813,544

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

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Spring Meadows INC FY2024 filing

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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