Christopher Homes INC FY2022 filing

Tax-deductible

Sherwood, AR501(c)(3)EIN 71-0584467

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Rental of section 202 hud apartments to low income elderly or mobility impaired tenants.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $216K a year · 5% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10.2M
130% of total assets
Concern: liabilities are 130% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.8M
+4% vs prior year
Spent
$3.7M
To programs
86%
Net assets
−$2.3M
By yearFY2021–FY2025
Revenue
$3.8M
FY2022▲ +4%
Revenue by fiscal year
FY2021$3.7M
FY2022$3.8M
FY2023$3.8M
FY2024$4.2M
FY2025$4.2M
Expenses
$3.7M
FY2022▲ +2%
Expenses by fiscal year
FY2021$3.6M
FY2022$3.7M
FY2023$3.7M
FY2024$3.7M
FY2025$3.9M
Net assets
−$2.3M
FY2022▲ +6%
Net assets by fiscal year
FY2021−$2.5M
FY2022−$2.3M
FY2023−$2.2M
FY2024−$1.7M
FY2025−$1.5M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1946.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $3.1M Management & general 14% · $530K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Christopher Homes 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 affordable apartments for low-income seniors and those with mobility impairments.

Provided by the organization

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1 program service account for $3.1M of program spending, described in the organization's own filed words · FY2021.
01

Rental of section 202 hud apartments to low income or mobility impaired tenants

$3.1Mprogram expense

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By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Fees for servicesLn 2g$3.8M
Investment incomeLn 3$103
Money outPt IX
$3.7M
Ln 25
Programscol B$3.1M
Managementcol C$530K
Owns and owesPt X
−$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$250K
Total assetsLn 16$7.9M
LiabilitiesLn 26$10.2M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.8M
Investment incomeLn 3$103
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$250K
Cash and savings togetherLn 1–2$250K
Land, buildings, equipmentLn 10c$5.7M
Other assetsLn 15$1.1M
Total assetsLn 16$7.9M
LiabilitiesLn 26$10.2M
Net assetsLn 32−$2.3M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$211K$250K
Land, buildings, equipmentLn 10c$5.8M$5.7M
Total assetsLn 16$8.1M$7.9M
LiabilitiesLn 26$10.6M$10.2M
Net assetsLn 32−$2.5M−$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$324K$324K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$108K$108K
Advertising and promotionLn 12$19K$19K
Office expensesLn 13$74K$74K
OccupancyLn 16$607K$607K
Conferences, conventions and meetingsLn 19$22K$22K
InterestLn 20$403K$403K
Depreciation, depletion and amortizationLn 22$470K$470K
InsuranceLn 23$168K$168K
Other expenses (24a–d)Ln 24$1.5M$1.5M
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$3.7M$3.1M$530K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.2M$3.9M$250K−$1.5M 990 PDF
FY2024 $4.2M$3.7M$501K−$1.7M 990 PDF
FY2023 $3.8M$3.7M$110K−$2.2M 990 PDF
FY2022 Viewing $3.8M$3.7M$146K−$2.3M 990 PDF
FY2021 $3.7M$3.6M$74K−$2.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $3,803,007 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,802,904$3,802,904
VIII-3 Investment incomeExcluded from tax $103$103
VIII-12 Total revenueRelated to mission $3,802,904 · Excluded from tax $103$3,803,007
Part IX · Statement of functional expenses $3,657,268 across 12 lines filed
IX-11a Management feesManagement $324,043$324,043
IX-11b Legal feesManagement $1,632$1,632
IX-11c Accounting feesManagement $107,928$107,928
IX-12 Advertising and promotionPrograms $18,549$18,549
IX-13 Office expensesManagement $74,284$74,284
IX-16 OccupancyPrograms $607,010$607,010
IX-19 Conferences, conventions and meetingsManagement $22,375$22,375
IX-20 InterestPrograms $402,909$402,909
IX-22 Depreciation, depletion and amortizationPrograms $470,096$470,096
IX-23 InsurancePrograms $167,906$167,906
IX-24 Other expenses (24a–d)Programs $1,453,317$1,453,317
IX-24e All other expensesPrograms $7,219$7,219
IX-25 Total functional expensesPrograms $3,127,006 · Management $530,262 · Fundraising $0$3,657,268
Part X · Balance sheet $7,912,023 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $210,848$249,833
X-4 Accounts receivableStart of year $49,079$59,382
X-9 Prepaid expenses and deferred chargesStart of year $123,674$137,584
X-10c Land, buildings and equipment, netStart of year $5,760,232$5,706,804
X-14 Intangible assetsStart of year $758,964$703,294
X-15 Other assetsStart of year $1,191,925$1,055,126
X-16 Total assetsStart of year $8,094,722$7,912,023
X-17 Accounts payable and accrued expensesStart of year $162,307$178,597
X-24 Unsecured notes and loans payableStart of year $10,224,847$9,873,674
X-25 Other liabilitiesStart of year $187,437$193,882
X-26 Total liabilitiesStart of year $10,574,591$10,246,153
X-27 Net assets without donor restrictionsStart of year −$2,479,869−$2,334,130
X-32 Total net assets or fund balancesStart of year −$2,479,869−$2,334,130
X-33 Total liabilities and net assetsStart of year $8,094,722$7,912,023
Part XI · Reconciliation of net assets −$2,334,130 net assets at year end
XI-1 Total revenue$3,803,007
XI-2 Total expenses$3,657,268
XI-3 Revenue less expenses$145,739
XI-4 Net assets at start of year−$2,479,869
XI-10 Net assets at end of year−$2,334,130

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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