As a charity, provides low-income housing and resident social and educational services.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$5K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
0 of 5
filings with a surplus
Average deficit $111K a year · 19% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5K
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $150K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.4M
99% of total assets
Concern: liabilities are 99% 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
$556K
+110% vs prior year
Spent
$714K
To programs
94%
Net assets
$30K
By yearFY2020–FY2024
Revenue
$556K
FY2022▲ +110%
Tap a bar for its year
Revenue by fiscal year
FY2020$539K
FY2021$529K
FY2021$264K
FY2022$556K
FY2023$609K
FY2024$639K
Expenses
$714K
FY2022▲ +113%
Tap a bar for its year
Expenses by fiscal year
FY2020$805K
FY2021$586K
FY2021$336K
FY2022$714K
FY2023$675K
FY2024$648K
Net assets
$30K
FY2022▼ -87%
Tap a bar for its year
Net assets by fiscal year
FY2020$364K
FY2021$307K
FY2021$236K
FY2022$30K
FY2023−$35K
FY2024−$45K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 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 Jan 2003.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $669K Management & general 6% · $45K

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

7 people listed on the 990; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation
Outgoing Executive Director
$5,433Pt VII · Sec A
Asst Sec/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Mgmt Agent Svpfa
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A

Jaclyn S Woodring’s $8K as Executive Director is at the 6th percentile of top reported officer pay among 852 $100K–1M housing 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2021FY2020
Gilbert M Piette——$5,433$7,100$9,382$12,641
Jaclyn S Woodring$7,752$6,000————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Provides affordable housing and support services to low-income residents.

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Provided by the organization

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1 program · $669K · in their own filed words · FY2022
01

During the reporting period, the organization sustained the hud property based section 8 hap contract and continued to make all 50 units available for low-income families and individuals. The organization maintained property operations in compliance with the regulations of hud and the texas department of housing and community affairs…

$669Kprogram 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 · FY2019
Tg 110 INCFY2019$150K
Total grants receivedfrom 1 funder$150K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$556K
Ln 12
Fees for servicesLn 2g$530K
Other incomeLn 4–11$25K
Investment incomeLn 3$1K
Money outPt IX
$714K
Ln 25
Programscol B$669K
Managementcol C$45K
Owns and owesPt X
$30K
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$3.4M
LiabilitiesLn 26$3.4M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$530K
Investment incomeLn 3$1K
Other incomeLn 4–11$25K
Total revenueLn 12$556K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$15K
Cash and savings togetherLn 1–2$39K
Land, buildings, equipmentLn 10c$3.1M
Other assetsLn 15$236K
Total assetsLn 16$3.4M
LiabilitiesLn 26$3.4M
Net assetsLn 32$30K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$44K$39K
Land, buildings, equipmentLn 10c$3.3M$3.1M
Total assetsLn 16$3.6M$3.4M
LiabilitiesLn 26$3.3M$3.4M
Net assetsLn 32$236K$30K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$6K$6K
Other salaries and wagesLn 7$77K$73K$4K
Other employee benefitsLn 9$19K$19K
Payroll taxesLn 10$6K$6K
Management feesLn 11a$31K$31K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$17K$13K$3K
Other fees for servicesLn 11g$11K$11K
Advertising and promotionLn 12$789$789
Office expensesLn 13$14K$14K
OccupancyLn 16$283K$283K
Conferences, conventions and meetingsLn 19$977$977
Depreciation, depletion and amortizationLn 22$131K$131K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$101K$94K$8K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$714K$669K$45K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $639K$648K−$10K−$45K 990 PDF
FY2023 $609K$675K−$65K−$35K 990 PDF
FY2022 Viewing $556K$714K−$158K$30K 990 PDF
FY2021 $529K$586K−$57K$307K 990 PDF
FY2020 $539K$805K−$267K$364K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $556,284 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $249,520$530,338
I-10 Investment incomePrior year $156$1,323
I-11 Other revenuePrior year $14,802$24,623
I-12 Total revenuePrior year $264,478$556,284
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 $49,526$108,763
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $286,358$605,460
I-18 Total expensesPrior year $335,884$714,223
I-19 Revenue less expensesPrior year −$71,406−$157,939
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $556,284 across 4 lines filed
Lines not itemized here account for $5,701 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $530,338$530,338
VIII-3 Investment incomeExcluded from tax $1,323$1,323
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $18,922$18,922
VIII-12 Total revenueRelated to mission $554,961 · Unrelated business $0 · Excluded from tax $1,323$556,284
Part IX · Statement of functional expenses $714,223 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $6,347$6,347
IX-7 Other salaries and wagesPrograms $73,088 · Management $3,899$76,987
IX-9 Other employee benefitsPrograms $19,158$19,158
IX-10 Payroll taxesPrograms $6,271$6,271
IX-11a Management feesPrograms $30,651$30,651
IX-11b Legal feesPrograms $7,700$7,700
IX-11c Accounting feesPrograms $13,378 · Management $3,495$16,873
IX-11g Other fees for servicesManagement $10,808$10,808
IX-12 Advertising and promotionManagement $789$789
IX-13 Office expensesManagement $13,901$13,901
IX-16 OccupancyPrograms $282,716$282,716
IX-19 Conferences, conventions and meetingsManagement $977$977
IX-22 Depreciation, depletion and amortizationPrograms $131,212$131,212
IX-23 InsuranceManagement $3,427$3,427
IX-24 Other expenses (24a–d)Programs $93,510 · Management $7,530$101,040
IX-24e All other expensesPrograms $5,366$5,366
IX-25 Total functional expensesPrograms $669,397 · Management $44,826 · Fundraising $0$714,223
Part X · Balance sheet $3,418,868 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $30,414$24,859
X-2 Savings and temporary cash investmentsStart of year $13,211$14,596
X-4 Accounts receivableStart of year $17,830$12,090
X-9 Prepaid expenses and deferred chargesStart of year $42,162$45,258
X-10c Land, buildings and equipment, netStart of year $3,264,722$3,085,854
X-15 Other assetsStart of year $217,188$236,211
X-16 Total assetsStart of year $3,585,527$3,418,868
X-17 Accounts payable and accrued expensesStart of year $40,661$69,116
X-19 Deferred revenueStart of year $6,975$4,395
X-25 Other liabilitiesStart of year $1,384,011$1,436,232
X-26 Total liabilitiesStart of year $3,349,762$3,388,698
X-27 Net assets without donor restrictionsStart of year $235,765$30,170
X-32 Total net assets or fund balancesStart of year $235,765$30,170
X-33 Total liabilities and net assetsStart of year $3,585,527$3,418,868
Part XI · Reconciliation of net assets $30,170 net assets at year end
XI-1 Total revenue$556,284
XI-2 Total expenses$714,223
XI-3 Revenue less expenses−$157,939
XI-4 Net assets at start of year$235,765
XI-9 Other changes in net assets−$47,656
XI-10 Net assets at end of year$30,170

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

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