Odessa Methodist Housing INC: Nonprofit Profile, Financials & Form 990 (EIN 75-2959569)

Revenue by fiscal year
FY2020	$334K
FY2021	$352K
FY2022	$422K
FY2023	$568K
FY2024	$497K

Expenses by fiscal year
FY2020	$396K
FY2021	$435K
FY2022	$466K
FY2023	$553K
FY2024	$506K

Net assets by fiscal year
FY2020	$668K
FY2021	$585K
FY2022	$542K
FY2023	$557K
FY2024	$548K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2002.

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% · $470K Management & general 7% · $37K

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

35 people listed on the 990.

Part VII, Section A · reportable compensation

Hartman Stuart J

President/CEO

$0Pt VII · Sec A

Amberg Robert R

Executive VP Gen Counsel

$0Pt VII · Sec A

Rossello Frank JR

CFO and VP of Finance

$0Pt VII · Sec A

Fard Bobby J

VP Acquis and Proj Dev

$0Pt VII · Sec A

Escandon Yuri Andrew

VP Housing Operations

$0Pt VII · Sec A

Gilchrist Kevin Darrell

VP Dev Fin & Asset Mgmt

$0Pt VII · Sec A

Battaglia Nada

VP Human Resources

$0Pt VII · Sec A

Titus Stephanie L

VP Philanthropy/Cso

$0Pt VII · Sec A

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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 for low-income seniors in Odessa, Texas.

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Provided by the organization

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1 program · $470K · in their own filed words · FY2024

01

Odessa methodist housing, inc, is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of texas. The corporation was formed for the purpose of operating a 41 unit community known as desert haven located in odessa, texas, which provides housing for low income elderly persons pursuant to section…

$470Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$497K

Ln 12

Gifts and grantsLn 1h$314K

Fees for servicesLn 2g$174K

Investment incomeLn 3$6K

Money outPt IX

$506K

Ln 25

Programscol B$470K

Managementcol C$37K

Owns and owesPt X

$548K

net assets · Ln 32

Cash and savingsLn 1–2$16K

Total assetsLn 16$894K

LiabilitiesLn 26$345K

PeoplePt VI, VII

35

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$314K

Government grantsLn 1e$314K

Fees for servicesLn 2g$174K

Investment incomeLn 3$6K

Other incomeLn 4–11$3K

Total revenueLn 12$497K

Assets in detailPt X, end of year

CashLn 1$16K

Cash and savings togetherLn 1–2$16K

Land, buildings, equipmentLn 10c$674K

Other assetsLn 15$202K

Total assetsLn 16$894K

LiabilitiesLn 26$345K

Net assetsLn 32$548K

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
Cash and savingsLn 1–2	$47K	$16K
Land, buildings, equipmentLn 10c	$707K	$674K
Total assetsLn 16	$929K	$894K
LiabilitiesLn 26	$372K	$345K
Net assetsLn 32	$557K	$548K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$29K		$29K
Legal feesLn 11b	$223		$223
Accounting feesLn 11c	$6K		$6K
Advertising and promotionLn 12	$319		$319
Office expensesLn 13	$28K	$28K
OccupancyLn 16	$319K	$319K
TravelLn 17	$593		$593
Depreciation, depletion and amortizationLn 22	$47K	$47K
InsuranceLn 23	$1K	$1K
Other expenses (24a–d)Ln 24	$74K	$74K
Total functional expensesLn 25	$506K	$470K	$37K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$497K	$506K	−$9K	$548K	990 PDF
FY2023	$568K	$553K	$16K	$557K	990 PDF
FY2022	$422K	$466K	−$43K	$542K	990 PDF
FY2021	$352K	$435K	−$83K	$585K	990 PDF
FY2020	$334K	$396K	−$62K	$668K	990 PDF

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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 FY2024 990 (6 parts)

Part I · Summary $497,273 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $313,469$314,489

I-9 Program service revenuePrior year $169,307$173,569

I-10 Investment incomePrior year $3,974$6,235

I-11 Other revenuePrior year $81,315$2,980

I-12 Total revenuePrior year $568,065$497,273

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 $552,529$506,456

I-18 Total expensesPrior year $552,529$506,456

I-19 Revenue less expensesPrior year $15,536−$9,183

Part VI · Governance 7 of 7 board members independent, no flags

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

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 $497,273 across 6 lines filed

VIII-1e Government grants$314,489

VIII-1h Total contributions, gifts and grants$314,489

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $173,569$173,569

VIII-3 Investment incomeExcluded from tax $6,235$6,235

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,980$2,980

VIII-12 Total revenueRelated to mission $173,569 · Unrelated business $0 · Excluded from tax $9,215$497,273

Part IX · Statement of functional expenses $506,456 across 10 lines filed

IX-11a Management feesManagement $29,141$29,141

IX-11b Legal feesManagement $223$223

IX-11c Accounting feesManagement $6,500$6,500

IX-12 Advertising and promotionManagement $319$319

IX-13 Office expensesPrograms $27,728$27,728

IX-16 OccupancyPrograms $319,398$319,398

IX-17 TravelManagement $593$593

IX-22 Depreciation, depletion and amortizationPrograms $47,331$47,331

IX-23 InsurancePrograms $1,185$1,185

IX-24 Other expenses (24a–d)Programs $74,038$74,038

IX-25 Total functional expensesPrograms $469,680 · Management $36,776 · Fundraising $0$506,456

Part X · Balance sheet $893,659 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $47,427$15,667

X-4 Accounts receivable$1,852

X-10c Land, buildings and equipment, netStart of year $706,815$673,738

X-15 Other assetsStart of year $174,741$202,402

X-16 Total assetsStart of year $928,983$893,659

X-17 Accounts payable and accrued expensesStart of year $234,991$262,219

X-19 Deferred revenueStart of year $20$1,449

X-25 Other liabilitiesStart of year $136,557$81,759

X-26 Total liabilitiesStart of year $371,568$345,427

X-27 Net assets without donor restrictionsStart of year $557,415$548,232

X-32 Total net assets or fund balancesStart of year $557,415$548,232

X-33 Total liabilities and net assetsStart of year $928,983$893,659

Part XI · Reconciliation of net assets $548,232 net assets at year end

XI-1 Total revenue$497,273

XI-2 Total expenses$506,456

XI-3 Revenue less expenses−$9,183

XI-4 Net assets at start of year$557,415

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$548,232

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

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Odessa Methodist Housing INC

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 Odessa Methodist Housing INC

By the numbers

Filing history

Schedules filed Part IV