Young Homes INC FY2021 filing

Tax-deductible

Russellville, AR501(c)(3)Health CareEIN 71-0682034Revenue $706K in FY2021

On file with the IRSPo Box 2109, 72811-2109 · Russellville, ARTax-exempt since Apr 1991Supporting organization — 509(a)(3)

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Icf/id facility

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $84K a year · 11% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$959K
129% of total assets
Concern: liabilities are 129% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$706K
Spent
$688K
To programs
100%
Net assets
−$217K
By yearFY2021–FY2024
Revenue
$706K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$706K
FY2022$745K
FY2023$812K
FY2024$828K
Expenses
$688K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$688K
FY2022$907K
FY2023$972K
FY2024$858K
Net assets
−$217K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021−$217K
FY2022−$379K
FY2023−$539K
FY2024−$569K

From the FY2021 Form 990 (year ending June 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1991.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $688K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chairperson
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
VP of Finance
$0Pt VII · Sec A
$0Pt VII · Sec A

Craig Cloud’s $193K as CEO is at the 97th percentile of top reported officer pay among 1980 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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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

Young Homes INC is a health care supporting organization based in Russellville, AR.

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Provided by the organization

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1 program · $688K · in their own filed words · FY2020
01

The corporation is an icfid facility to serve & house intellectually disabled clients and to see that they are receiving medical services under clients plan.

$688Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$706K
Ln 12
Fees for servicesLn 2g$683K
Gifts and grantsLn 1h$20K
Other incomeLn 4–11$3K
Money outPt IX
$688K
Ln 25
Programscol B$688K
Owns and owesPt X
−$217K
net assets · Ln 32
Cash and savingsLn 1–2$534K
Total assetsLn 16$742K
LiabilitiesLn 26$959K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Government grantsLn 1e$20K
Fees for servicesLn 2g$683K
Other incomeLn 4–11$3K
Total revenueLn 12$706K
Assets in detailPt X, end of year
CashLn 1$534K
Cash and savings togetherLn 1–2$534K
Land, buildings, equipmentLn 10c$90K
Total assetsLn 16$742K
LiabilitiesLn 26$959K
Net assetsLn 32−$217K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$60K$534K
Land, buildings, equipmentLn 10c$85K$90K
Total assetsLn 16$222K$742K
LiabilitiesLn 26$456K$959K
Net assetsLn 32−$234K−$217K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$264K$264K
Pension plan contributionsLn 8$7K$7K
Other employee benefitsLn 9$30K$30K
Payroll taxesLn 10$20K$20K
Management feesLn 11a$72K$72K
Accounting feesLn 11c$49K$49K
OccupancyLn 16$19K$19K
TravelLn 17$353$353
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$189K$189K
All other expensesLn 24e$17K$17K
Total functional expensesLn 25$688K$688K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $828K$858K−$30K−$569K 990 PDF
FY2023 $812K$972K−$161K−$539K 990 PDF
FY2022 $745K$907K−$162K−$379K 990 PDF
FY2021 Viewing $706K$688K$18K−$217K 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 FY2021 990 (6 parts)
Part I · Summary $706,315 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$20,318
I-9 Program service revenuePrior year $769,228$683,360
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $56,280$2,637
I-12 Total revenuePrior year $825,508$706,315
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $357,347$321,367
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $457,252$367,113
I-18 Total expensesPrior year $814,599$688,480
I-19 Revenue less expensesPrior year $10,909$17,835
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $706,315 across 5 lines filed
VIII-1e Government grants$20,318
VIII-1h Total contributions, gifts and grants$20,318
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $683,360$683,360
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,637$2,637
VIII-12 Total revenueRelated to mission $685,997 · Unrelated business $0 · Excluded from tax $0$706,315
Part IX · Statement of functional expenses $688,480 across 13 lines filed
IX-7 Other salaries and wagesPrograms $264,289$264,289
IX-8 Pension plan contributionsPrograms $7,421$7,421
IX-9 Other employee benefitsPrograms $29,705$29,705
IX-10 Payroll taxesPrograms $19,952$19,952
IX-11a Management feesPrograms $72,132$72,132
IX-11c Accounting feesPrograms $49,077$49,077
IX-16 OccupancyPrograms $19,294$19,294
IX-17 TravelPrograms $353$353
IX-20 InterestPrograms $1,275$1,275
IX-22 Depreciation, depletion and amortizationPrograms $11,133$11,133
IX-23 InsurancePrograms $8,326$8,326
IX-24 Other expenses (24a–d)Programs $188,998$188,998
IX-24e All other expensesPrograms $16,525$16,525
IX-25 Total functional expensesPrograms $688,480 · Management $0 · Fundraising $0$688,480
Part X · Balance sheet $742,438 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $60,416$533,902
X-4 Accounts receivableStart of year $76,258$118,188
X-10c Land, buildings and equipment, netStart of year $85,185$90,348
X-16 Total assetsStart of year $221,859$742,438
X-17 Accounts payable and accrued expensesStart of year $456,323$172,008
X-25 Other liabilitiesStart of year $0$769,475
X-26 Total liabilitiesStart of year $456,323$959,067
X-27 Net assets without donor restrictionsStart of year −$234,464−$216,629
X-32 Total net assets or fund balancesStart of year −$234,464−$216,629
X-33 Total liabilities and net assetsStart of year $221,859$742,438
Part XI · Reconciliation of net assets −$216,629 net assets at year end
XI-1 Total revenue$706,315
XI-2 Total expenses$688,480
XI-3 Revenue less expenses$17,835
XI-4 Net assets at start of year−$234,464
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$216,629

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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