philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

First Step Apartments INC

Tax-deductible

Malvern, AR501(c)(3)Human ServicesEIN 71-0773527

This page gets seen. Tell your story. Claim this org.

Provide low-income housing to persons with disabilities located in helena, arkansas in accourdance with u.s. Department of housing and urban development.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
0 of 5
filings with a surplus
Average deficit $20K a year · 10% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$66K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$252K
+16% vs prior year
Spent
$283K
To programs
80%
Net assets
$537K
By yearFY2021–FY2025
Revenue
$252K
FY2025▲ +16%
Revenue by fiscal year
FY2021$159K
FY2022$171K
FY2023$189K
FY2024$218K
FY2025$252K
Expenses
$283K
FY2025▲ +24%
Expenses by fiscal year
FY2021$172K
FY2022$200K
FY2023$205K
FY2024$228K
FY2025$283K
Net assets
$537K
FY2025▼ -5%
Net assets by fiscal year
FY2021$624K
FY2022$595K
FY2023$578K
FY2024$568K
FY2025$537K

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1996.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $225K Management & general 20% · $57K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Jeffrey Owens
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See First Step Apartments INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable housing for disabled individuals in Helena, Arkansas.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $225K · in their own filed words · FY2024
01

Provide low-income housing to persons with disabilities located in helena, arkansas in accourdance with U.S. Department of housing and urban development.

$225Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$252K
Ln 12
Fees for servicesLn 2g$252K
Investment incomeLn 3$326
Money outPt IX
$283K
Ln 25
Programscol B$225K
Managementcol C$57K
Owns and owesPt X
$537K
net assets · Ln 32
Cash and savingsLn 1–2$372
Total assetsLn 16$603K
LiabilitiesLn 26$66K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$252K
Investment incomeLn 3$326
Total revenueLn 12$252K
Assets in detailPt X, end of year
CashLn 1$372
Cash and savings togetherLn 1–2$372
Land, buildings, equipmentLn 10c$329K
Other assetsLn 15$248K
Total assetsLn 16$603K
LiabilitiesLn 26$66K
Net assetsLn 32$537K
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 FY25End FY25
Cash and savingsLn 1–2$1K$372
Land, buildings, equipmentLn 10c$356K$329K
Total assetsLn 16$596K$603K
LiabilitiesLn 26$28K$66K
Net assetsLn 32$568K$537K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$48K$48K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$33K$33K
Legal feesLn 11b$23K$23K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$153$153
Office expensesLn 13$4K$4K
OccupancyLn 16$39K$39K
Conferences, conventions and meetingsLn 19$776$776
Depreciation, depletion and amortizationLn 22$27K$27K
InsuranceLn 23$35K$35K
Other expenses (24a–d)Ln 24$35K$23K$12K
All other expensesLn 24e$23K$23K
Total functional expensesLn 25$283K$225K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $252K$283K−$31K$537K 990 PDF
FY2024 $218K$228K−$11K$568K 990 PDF
FY2023 $189K$205K−$16K$578K 990 PDF
FY2022 $171K$200K−$29K$595K 990 PDF
FY2021 $159K$172K−$13K$624K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2025 990 (5 parts)
Part I · Summary $252,133 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $217,447$251,807
I-10 Investment incomePrior year $305$326
I-11 Other revenue$0
I-12 Total revenuePrior year $217,752$252,133
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $44,310$51,601
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $184,069$231,106
I-18 Total expensesPrior year $228,379$282,707
I-19 Revenue less expensesPrior year −$10,627−$30,574
Part VIII · Statement of revenue $252,133 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $251,807$251,807
VIII-3 Investment incomeExcluded from tax $326$326
VIII-12 Total revenueRelated to mission $251,807 · Excluded from tax $326$252,133
Part IX · Statement of functional expenses $282,707 across 13 lines filed
IX-7 Other salaries and wagesPrograms $47,614$47,614
IX-10 Payroll taxesPrograms $3,987$3,987
IX-11a Management feesManagement $33,242$33,242
IX-11b Legal feesPrograms $22,559$22,559
IX-11c Accounting feesManagement $10,922$10,922
IX-12 Advertising and promotionPrograms $153$153
IX-13 Office expensesPrograms $4,454$4,454
IX-16 OccupancyPrograms $39,469$39,469
IX-19 Conferences, conventions and meetingsManagement $776$776
IX-22 Depreciation, depletion and amortizationPrograms $27,123$27,123
IX-23 InsurancePrograms $34,733$34,733
IX-24 Other expenses (24a–d)Programs $22,608 · Management $12,416$35,024
IX-24e All other expensesPrograms $22,651$22,651
IX-25 Total functional expensesPrograms $225,351 · Management $57,356 · Fundraising $0$282,707
Part X · Balance sheet $602,905 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,261$372
X-4 Accounts receivableStart of year $10,794$802
X-9 Prepaid expenses and deferred charges$25,256
X-10c Land, buildings and equipment, netStart of year $356,092$328,969
X-15 Other assetsStart of year $228,093$247,506
X-16 Total assetsStart of year $596,240$602,905
X-17 Accounts payable and accrued expensesStart of year $23,322$60,090
X-19 Deferred revenueStart of year $391$535
X-25 Other liabilitiesStart of year $4,692$5,019
X-26 Total liabilitiesStart of year $28,405$65,644
X-27 Net assets without donor restrictionsStart of year −$440,084−$470,658
X-28 Net assets with donor restrictionsStart of year $1,007,919$1,007,919
X-32 Total net assets or fund balancesStart of year $567,835$537,261
X-33 Total liabilities and net assetsStart of year $596,240$602,905
Part XI · Reconciliation of net assets $537,261 net assets at year end
XI-1 Total revenue$252,133
XI-2 Total expenses$282,707
XI-3 Revenue less expenses−$30,574
XI-4 Net assets at start of year$567,835
XI-10 Net assets at end of year$537,261

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.