Cushing Housing INC: FY2024 Nonprofit Profile & Form 990 (EIN 73-1211790)

Revenue by fiscal year
FY2020	$418K
FY2021	$469K
FY2022	$481K
FY2023	$423K
FY2024	$486K
FY2025	$484K

Expenses by fiscal year
FY2020	$375K
FY2021	$411K
FY2022	$409K
FY2023	$777K
FY2024	$573K
FY2025	$449K

Net assets by fiscal year
FY2020	−$565K
FY2021	−$507K
FY2022	−$435K
FY2023	−$789K
FY2024	−$877K
FY2025	−$841K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1984.

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

Where the money goes

93 cents of each dollar spent went to programs.

93%

Program services 93% · $535K Management & general 7% · $38K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation

David Nickel

President

$0Pt VII · Sec A

James E Webb JR

Vice-Preside

$0Pt VII · Sec A

Thomas a Gorman

Secretary

$0Pt VII · Sec A

Thad Kent

Board Member

$0Pt VII · Sec A

Gary Lorenz

Board Member

$0Pt VII · Sec A

Samual J Hill

Board Member

$0Pt VII · Sec A

See Cushing Housing 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 15aNo

Programs and updates

Offers housing and services to seniors under the National Housing Act.

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1 program · $535K · in their own filed words · FY2024

01

Providing housing facilities and related services to elderly persons under the national housing act of 1959.

$535Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Dec 2025 · $5.1M federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$2.9M

Mortgage Insurance Rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest RateDepartment of Housing and Urban Development · ALN 14.135 · Direct$1.1M

Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$1.1M

The auditor reported 4 findings: a material weakness in money controls.

Year ending Dec 2024 · $5.3M federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.0M

Mortgage Insurance Rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest RateDepartment of Housing and Urban Development · ALN 14.135 · Direct$1.1M

Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$1.1M

The auditor reported 4 findings: a material weakness in money controls.

Year ending Dec 2023 · $1.5M federal money spent

Mortgage Insurance_rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest RateDepartment of Housing and Urban Development · ALN 14.135 · Direct$1.2M

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$289K

The auditor reported 1 finding: a weakness in money controls.

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$486K

Ln 12

Fees for servicesLn 2g$462K

Other incomeLn 4–11$23K

Investment incomeLn 3$809

Money outPt IX

$573K

Ln 25

Programscol B$535K

Managementcol C$38K

Owns and owesPt X

−$877K

net assets · Ln 32

Cash and savingsLn 1–2$14K

Total assetsLn 16$496K

LiabilitiesLn 26$1.4M

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$462K

Investment incomeLn 3$809

Other incomeLn 4–11$23K

Total revenueLn 12$486K

Assets in detailPt X, end of year

CashLn 1$14K

Cash and savings togetherLn 1–2$14K

Land, buildings, equipmentLn 10c$392K

Other assetsLn 15$70K

Total assetsLn 16$496K

LiabilitiesLn 26$1.4M

Net assetsLn 32−$877K

OperationsPt I, VI

EmployeesI 51

VolunteersI 60

Fiscal year endsHeaderDecember

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$23K	$14K
Land, buildings, equipmentLn 10c	$469K	$392K
Total assetsLn 16	$551K	$496K
LiabilitiesLn 26	$1.3M	$1.4M
Net assetsLn 32	−$789K	−$877K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$25K		$25K
Legal feesLn 11b	$3K	$3K
Accounting feesLn 11c	$2K		$2K
Office expensesLn 13	$16K	$16K
OccupancyLn 16	$68K	$68K
Conferences, conventions and meetingsLn 19	$151	$151
InterestLn 20	$57K	$57K
Depreciation, depletion and amortizationLn 22	$77K	$77K
InsuranceLn 23	$10K	$10K
Other expenses (24a–d)Ln 24	$253K	$253K
All other expensesLn 24e	$61K	$51K	$10K
Total functional expensesLn 25	$573K	$535K	$38K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Mar 28, 2026	$484K	$449K	$35K	−$841K	990 PDF
FY2024 ViewingFiled with the IRS Apr 5, 2025	$486K	$573K	−$87K	−$877K	990 PDF
FY2023Filed with the IRS Jul 1, 2024	$423K	$777K	−$354K	−$789K	990 PDF
FY2022Filed with the IRS Oct 9, 2023	$481K	$409K	$72K	−$435K	990 PDF
FY2021Filed with the IRS Oct 9, 2023	$469K	$411K	$57K	−$507K	990 PDF
FY2020Filed with the IRS Jul 7, 2021	$418K	$375K	$43K	−$565K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $485,723 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $422,377$461,535

I-10 Investment incomePrior year $296$809

I-11 Other revenue$23,379

I-12 Total revenuePrior year $422,673$485,723

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $99,946$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $676,904$573,191

I-18 Total expensesPrior year $776,850$573,191

I-19 Revenue less expensesPrior year −$354,177−$87,468

Part VI · Governance 6 of 6 board members independent, 3 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

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

Part VIII · Statement of revenue $485,723 across 4 lines filed

Lines not itemized here account for $529 of total revenue; see the IRS return.

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $461,006$461,006

VIII-3 Investment incomeExcluded from tax $809$809

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $23,379$23,379

VIII-12 Total revenueRelated to mission $484,914 · Excluded from tax $809$485,723

Part IX · Statement of functional expenses $573,191 across 11 lines filed

IX-11a Management feesManagement $25,309$25,309

IX-11b Legal feesPrograms $2,761$2,761

IX-11c Accounting feesManagement $2,321$2,321

IX-13 Office expensesPrograms $16,325$16,325

IX-16 OccupancyPrograms $68,018$68,018

IX-19 Conferences, conventions and meetingsPrograms $151$151

IX-20 InterestPrograms $57,192$57,192

IX-22 Depreciation, depletion and amortizationPrograms $77,163$77,163

IX-23 InsurancePrograms $9,534$9,534

IX-24 Other expenses (24a–d)Programs $253,339$253,339

IX-24e All other expensesPrograms $50,848 · Management $10,230$61,078

IX-25 Total functional expensesPrograms $535,331 · Management $37,860 · Fundraising $0$573,191

Part X · Balance sheet $496,398 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $23,387$13,862

X-4 Accounts receivableStart of year $4,593$2,265

X-9 Prepaid expenses and deferred chargesStart of year $15,085$18,337

X-10c Land, buildings and equipment, netStart of year $468,820$391,657

X-15 Other assetsStart of year $38,856$70,277

X-16 Total assetsStart of year $550,741$496,398

X-17 Accounts payable and accrued expensesStart of year $29,940$15,986

X-19 Deferred revenueStart of year $16,015$840

X-25 Other liabilitiesStart of year $203,249$298,559

X-26 Total liabilitiesStart of year $1,340,128$1,373,253

X-27 Net assets without donor restrictionsStart of year −$789,387−$876,855

X-32 Total net assets or fund balancesStart of year −$789,387−$876,855

X-33 Total liabilities and net assetsStart of year $550,741$496,398

Part XI · Reconciliation of net assets −$876,855 net assets at year end

XI-1 Total revenue$485,723

XI-2 Total expenses$573,191

XI-3 Revenue less expenses−$87,468

XI-4 Net assets at start of year−$789,387

XI-10 Net assets at end of year−$876,855

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

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Cushing Housing 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 Cushing Housing INC

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV