Mmm Roseland INC

Not tax-deductible

Conroe, TXMutual-benefit / member-servingEIN 76-0435160Revenue $1.7M in FY2025

On file with the IRS21059 Blair Rd, 77385-7309 · Conroe, TXTax-exempt since Nov 1994

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To own and operate an apartment project with 138 units made up of 69 duplex buildings. A total of 28 units are maintained as rental units for very-low income families.

95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average deficit $25K a year · 2% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.2M
133% of total assets
Concern: liabilities are 133% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+3% vs prior year
Spent
$2.4M
To programs
95%
Net assets
−$815K
By yearFY2020–FY2025
Revenue
$1.7M
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.4M
FY2023$1.5M
FY2024$1.7M
FY2025$1.7M
Expenses
$2.4M
FY2025▲ +73%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.2M
FY2023$1.4M
FY2024$1.4M
FY2025$2.4M
Net assets
−$815K
FY2025▼ -564%
Tap a bar for its year
Net assets by fiscal year
FY2020−$641K
FY2021−$619K
FY2022−$471K
FY2023−$395K
FY2024−$123K
FY2025−$815K

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1994.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $2.3M Management & general 5% · $113K

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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Mmm Roseland 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides affordable rental housing for very-low income families in 138 apartment units.

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Provided by the organization

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1 program · $2.3M · in their own filed words · FY2024
01

To operate a 138 unit apartment project made up of 69 duplex buildings which provides a total of 49 qualifying units of which 28 must be leased to very low-income tenants pursuant to a land use restriction agreement.

$2.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $888K · 2024–2024

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$38K
Other incomeLn 4–11$14K
Money outPt IX
$2.4M
Ln 25
Programscol B$2.3M
Managementcol C$113K
Owns and owesPt X
−$815K
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$2.4M
LiabilitiesLn 26$3.2M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$38K
Other incomeLn 4–11$14K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$173K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$931K
Other assetsLn 15$5K
Total assetsLn 16$2.4M
LiabilitiesLn 26$3.2M
Net assetsLn 32−$815K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$499K$1.3M
Land, buildings, equipmentLn 10c$882K$931K
Total assetsLn 16$3.2M$2.4M
LiabilitiesLn 26$3.4M$3.2M
Net assetsLn 32−$123K−$815K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$888K$888K
Other salaries and wagesLn 7$253K$253K
Other employee benefitsLn 9$43K$43K
Payroll taxesLn 10$20K$20K
Management feesLn 11a$80K$80K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$33K$33K
Other fees for servicesLn 11g$22K$22K
Office expensesLn 13$12K$12K
OccupancyLn 16$323K$323K
InterestLn 20$131K$131K
Depreciation, depletion and amortizationLn 22$351K$351K
InsuranceLn 23$231K$231K
Other expenses (24a–d)Ln 24$38K$38K
All other expensesLn 24e$332$332
Total functional expensesLn 25$2.4M$2.3M$113K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.7M$2.4M−$693K−$815K 990 PDF
FY2024 $1.7M$1.4M$273K−$123K 990 PDF
FY2023 $1.5M$1.4M$76K−$395K 990 PDF
FY2022 $1.4M$1.2M$148K−$471K 990 PDF
FY2021 $1.3M$1.3M$22K−$619K 990 PDF
FY2020 $1.2M$1.2M$23K−$641K 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 FY2025 990 (6 parts)
Part I · Summary $1,733,924 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,638,621$1,682,210
I-10 Investment incomePrior year $34,476$37,914
I-11 Other revenuePrior year $3,602$13,800
I-12 Total revenuePrior year $1,676,699$1,733,924
I-13 Grants and similar amounts paidPrior year $0$888,225
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $286,210$315,603
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,117,933$1,222,786
I-18 Total expensesPrior year $1,404,143$2,426,614
I-19 Revenue less expensesPrior year $272,556−$692,690
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,733,924 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,682,210$1,682,210
VIII-3 Investment incomeExcluded from tax $37,914$37,914
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,800$13,800
VIII-12 Total revenueRelated to mission $1,696,010 · Unrelated business $0 · Excluded from tax $37,914$1,733,924
Part IX · Statement of functional expenses $2,426,614 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $888,225$888,225
IX-7 Other salaries and wagesPrograms $252,996$252,996
IX-9 Other employee benefitsPrograms $42,559$42,559
IX-10 Payroll taxesPrograms $20,048$20,048
IX-11a Management feesManagement $79,729$79,729
IX-11b Legal feesPrograms $3,949$3,949
IX-11c Accounting feesManagement $32,828$32,828
IX-11g Other fees for servicesPrograms $21,600$21,600
IX-13 Office expensesPrograms $11,692$11,692
IX-16 OccupancyPrograms $322,585$322,585
IX-20 InterestPrograms $130,789$130,789
IX-22 Depreciation, depletion and amortizationPrograms $350,812$350,812
IX-23 InsurancePrograms $230,770$230,770
IX-24 Other expenses (24a–d)Programs $37,700$37,700
IX-24e All other expensesPrograms $332$332
IX-25 Total functional expensesPrograms $2,314,057 · Management $112,557 · Fundraising $0$2,426,614
Part X · Balance sheet $2,434,308 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $96,280$173,186
X-2 Savings and temporary cash investmentsStart of year $403,049$1,173,613
X-4 Accounts receivableStart of year $8,598$1,316
X-9 Prepaid expenses and deferred chargesStart of year $148,582$150,061
X-10c Land, buildings and equipment, netStart of year $882,298$930,907
X-14 Intangible assetsStart of year $225,875$0
X-15 Other assetsStart of year $1,477,639$5,225
X-16 Total assetsStart of year $3,242,321$2,434,308
X-17 Accounts payable and accrued expensesStart of year $184,851$155,341
X-19 Deferred revenueStart of year $1,281$2,749
X-25 Other liabilitiesStart of year $35,000$35,135
X-26 Total liabilitiesStart of year $3,365,118$3,249,795
X-27 Net assets without donor restrictionsStart of year −$122,797−$815,487
X-32 Total net assets or fund balancesStart of year −$122,797−$815,487
X-33 Total liabilities and net assetsStart of year $3,242,321$2,434,308
Part XI · Reconciliation of net assets −$815,487 net assets at year end
XI-1 Total revenue$1,733,924
XI-2 Total expenses$2,426,614
XI-3 Revenue less expenses−$692,690
XI-4 Net assets at start of year−$122,797
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$815,487

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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