Raphael Realty INC: Nonprofit Profile, Financials & Form 990 (EIN 74-3093941)

Revenue by fiscal year
FY2020	$239K
FY2021	$239K
FY2022	$239K
FY2023	$239K
FY2024	$239K

Expenses by fiscal year
FY2020	$153K
FY2021	$181K
FY2022	$178K
FY2023	$176K
FY2024	$155K

Net assets by fiscal year
FY2020	−$114K
FY2021	−$55K
FY2022	$7K
FY2023	$70K
FY2024	$154K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2003.

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation

Sherry Gray

President

$0Pt VII · Sec A

Sanford Garner

Vice President

$0Pt VII · Sec A

Sarah Noel

Vice Chair

$0Pt VII · Sec A

Thomas Fisher

Secretary/Treasurer

$0Pt VII · Sec A

Rhonda Garrison

Committee Member

$0Pt VII · Sec A

Bernice Corley

Committee Member

$0Pt VII · Sec A

Aaron Roberts

Committee Member

$0Pt VII · Sec A

Keva Rop

Committee Member

$0Pt VII · Sec A

See Raphael Realty 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

Owns property for Raphael Health Center.

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1 program · in their own filed words · FY2024

01

To hold title to property for raphael health center.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$239K

Ln 12

Fees for servicesLn 2g$239K

Money outPt IX

$155K

Ln 25

Owns and owesPt X

$154K

net assets · Ln 32

Total assetsLn 16$5.0M

LiabilitiesLn 26$4.9M

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$239K

Total revenueLn 12$239K

Assets in detailPt X, end of year

Land, buildings, equipmentLn 10c$5.0M

Total assetsLn 16$5.0M

LiabilitiesLn 26$4.9M

Net assetsLn 32$154K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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

Line	Start FY24	End FY24
Land, buildings, equipmentLn 10c	$4.6M	$5.0M
Total assetsLn 16	$4.6M	$5.0M
LiabilitiesLn 26	$4.5M	$4.9M
Net assetsLn 32	$70K	$154K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
InterestLn 20	$36K
Depreciation, depletion and amortizationLn 22	$118K
Other expenses (24a–d)Ln 24	$1K
Total functional expensesLn 25	$155K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$239K	$155K	$84K	$154K	990 PDF
FY2023	$239K	$176K	$63K	$70K	990 PDF
FY2022	$239K	$178K	$62K	$7K	990 PDF
FY2021	$239K	$181K	$59K	−$55K	990 PDF
FY2020	$239K	$153K	$87K	−$114K	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 FY2024 990 (6 parts)

Part I · Summary $239,400 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $239,400$239,400

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $239,400$239,400

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 $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $176,307$155,032

I-18 Total expensesPrior year $176,307$155,032

I-19 Revenue less expensesPrior year $63,093$84,368

Part VI · Governance 8 of 9 board members independent, 1 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members8

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 $239,400 across 2 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $239,400$239,400

VIII-12 Total revenueRelated to mission $239,400 · Unrelated business $0 · Excluded from tax $0$239,400

Part IX · Statement of functional expenses $155,032 across 3 lines filed

IX-20 Interest$36,290

IX-22 Depreciation, depletion and amortization$117,719

IX-24 Other expenses (24a–d)$1,023

IX-25 Total functional expenses$155,032

Part X · Balance sheet $5,046,214 assets, 7 lines filed

X-10c Land, buildings and equipment, netStart of year $4,592,673$5,046,214

X-16 Total assetsStart of year $4,592,673$5,046,214

X-25 Other liabilitiesStart of year $3,531,761$4,097,261

X-26 Total liabilitiesStart of year $4,522,623$4,891,796

X-27 Net assets without donor restrictionsStart of year $70,050$154,418

X-32 Total net assets or fund balancesStart of year $70,050$154,418

X-33 Total liabilities and net assetsStart of year $4,592,673$5,046,214

Part XI · Reconciliation of net assets $154,418 net assets at year end

XI-1 Total revenue$239,400

XI-2 Total expenses$155,032

XI-3 Revenue less expenses$84,368

XI-4 Net assets at start of year$70,050

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$154,418

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

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Raphael Realty INC

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Raphael Realty INC

By the numbers

Filing history

Schedules filed Part IV