Spectrum Housing FY2020 filing

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The primary exempt purpose of the company is to provide decent, safe and affordable housing to low-income and moderate-income individuals and families.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-2435901) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest 990-N e-Postcard
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Spent on programs
96%
of spending
96% of spending went to programs.
Pt IX · Ln 25 · col B
4.6 mo
of spending, in cash
4.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
0
of 3 voting members
None of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$304K
Spent
$234K
To programs
96%
Net assets
$129K
By yearFY2020–FY2023
Revenue
$304K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$304K
FY2021$0
FY2022$23K
FY2023$364
Net assets
$129K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$129K
FY2021$95K
FY2022$157K
FY2023$3K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2023. IRS ruling in Feb 1993.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $224K Management & general 4% · $9K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Dir.
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Sheldon Schreiberg’s $54K as Secretary is at the 70th percentile of top reported officer pay among 142 <$100K 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 · 4 named individuals · Part VII

NameFY2023FY2022
Sheldon Schreiberg$54,365$10,000
Frederick D Schnurr$54,250$10,000
Lori Jordan$12,000$2,000
Berri McBride$5,000—

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.

See Spectrum Housing 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

Builds safe, affordable homes for low- and moderate-income families.

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1 program · $224K · in their own filed words · FY2020
01

During 2004, the Corporation was admitted as the .01% successor general partner of MAEDC Gainesville Senior Village ("Summit"), a low-income multifamily LIHTC tax credit project. Summit was organized to construct and operate a 76 unit senior complex in Gainesville, Texas and is subject to land use agreements restricting tenant incomes.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-2435901) · Dispute this line
$224Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$304K
Ln 12
Fees for servicesLn 2g$304K
Investment incomeLn 3$88
Money outPt IX
$234K
Ln 25
Programscol B$224K
Managementcol C$9K
Owns and owesPt X
$129K
net assets · Ln 32
Cash and savingsLn 1–2$90K
Total assetsLn 16$129K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$304K
Investment incomeLn 3$88
Gains on assetsLn 7$0
Total revenueLn 12$304K
Assets in detailPt X, end of year
CashLn 1$90K
Cash and savings togetherLn 1–2$90K
Other assetsLn 15$39K
Total assetsLn 16$129K
LiabilitiesLn 26$0
Net assetsLn 32$129K
OperationsPt I, VI
EmployeesI 50
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
LineStart FY20End FY20
Cash and savingsLn 1–2$19K$90K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$59K$129K
LiabilitiesLn 26$0$0
Net assetsLn 32$59K$129K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$221K$221K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$7K$7K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$1K$1K
All other expensesLn 24e$0
Total functional expensesLn 25$234K$224K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Nov 7, 2024 $364$3K 990 PDF
FY2022Filed with the IRS Nov 7, 2023 $23K$157K 990 PDF
FY2021Filed with the IRS Nov 8, 2022 $0$95K 990 PDF
FY2020 ViewingFiled with the IRS Nov 9, 2021 $304K$234K$70K$129K 990 PDF

Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2023. The 990-N has no money details, and postcard years before 2025 are not published by the IRS.

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $303,756 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $100,000$0
I-9 Program service revenuePrior year $268,000$303,668
I-10 Investment income$88
I-11 Other revenue$0
I-12 Total revenuePrior year $368,000$303,756
I-13 Grants and similar amounts paidPrior year $500$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $208,000$221,104
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $563$12,457
I-18 Total expensesPrior year $209,063$233,561
I-19 Revenue less expensesPrior year $158,937$70,195
Part VI · Governance 0 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
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 $303,756 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $303,668$303,668
VIII-3 Investment incomeRelated to mission $88$88
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $303,756$303,756
Part IX · Statement of functional expenses $233,561 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $221,104$221,104
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesPrograms $1,878$1,878
IX-11c Accounting feesManagement $2,100$2,100
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $7,126$7,126
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $1,353$1,353
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $224,335 · Management $9,226 · Fundraising $0$233,561
Part X · Balance sheet $129,132 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $19,329$90,123
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $39,608$39,009
X-16 Total assetsStart of year $58,937$129,132
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $58,937$129,132
X-32 Total net assets or fund balancesStart of year $58,937$129,132
X-33 Total liabilities and net assetsStart of year $58,937$129,132
Part XI · Reconciliation of net assets $129,132 net assets at year end
XI-1 Total revenue$303,756
XI-2 Total expenses$233,561
XI-3 Revenue less expenses$70,195
XI-4 Net assets at start of year$58,937
XI-10 Net assets at end of year$129,132

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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