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Mmm Roseland INC FY2021 filing

Not tax-deductible

Conroe, TXMutual-benefit / member-serving EIN 76-0435160Revenue $1.3M in FY2021

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.

93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.6M
121% of total assets
Concern: liabilities are 121% 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
$1.3M
+8% vs prior year
Spent
$1.3M
To programs
93%
Net assets
−$619K
By yearFY2020–FY2025
Revenue
$1.3M
FY2021▲ +8%
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
$1.3M
FY2021▲ +8%
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
−$619K
FY2021▲ +3%
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 FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

93 cents of each dollar spent went to programs.

Program services 93% · $1.2M Management & general 7% · $86K

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 (FY2020); the FY2021 filing did not itemize Part VII
Kenneth Tann
Vice President
$0Pt VII · Sec A
Nannette Vallis
Secretary/Treasurer
$0Pt VII · Sec A
Homer Allison
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

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 · $1.2M · in their own filed words · FY2020
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.

$1.2Mprogram 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
Multi-Family Mission MinistriesTX · FY2024$888,225

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$735
Money outPt IX
$1.3M
Ln 25
Programscol B$1.2M
Managementcol C$86K
Owns and owesPt X
−$619K
net assets · Ln 32
Cash and savingsLn 1–2$93K
Total assetsLn 16$3.0M
LiabilitiesLn 26$3.6M
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$1.3M
Investment incomeLn 3$735
Gains on assetsLn 7−$2K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$92K
Cash and savings togetherLn 1–2$93K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$1.4M
Total assetsLn 16$3.0M
LiabilitiesLn 26$3.6M
Net assetsLn 32−$619K
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 FY21End FY21
Cash and savingsLn 1–2$93K$93K
Land, buildings, equipmentLn 10c$1.3M$1.2M
Total assetsLn 16$3.1M$3.0M
LiabilitiesLn 26$3.7M$3.6M
Net assetsLn 32−$641K−$619K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$210K$210K
Other employee benefitsLn 9$39K$39K
Payroll taxesLn 10$14K$14K
Management feesLn 11a$65K$65K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$22K$22K
Office expensesLn 13$11K$11K
OccupancyLn 16$429K$429K
InterestLn 20$112K$112K
Depreciation, depletion and amortizationLn 22$183K$183K
InsuranceLn 23$128K$128K
Other expenses (24a–d)Ln 24$21K$21K
Total functional expensesLn 25$1.3M$1.2M$86K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,278,231 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,256,258$1,277,496
I-10 Investment incomePrior year −$75,750$735
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,180,508$1,278,231
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 $232,926$263,092
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $924,602$992,784
I-18 Total expensesPrior year $1,157,528$1,255,876
I-19 Revenue less expensesPrior year $22,980$22,355
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 $1,278,231 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,277,496$1,277,496
VIII-3 Investment incomeExcluded from tax $2,323$2,323
VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,588−$1,588
VIII-12 Total revenueRelated to mission $1,275,908 · Unrelated business $0 · Excluded from tax $2,323$1,278,231
Part IX · Statement of functional expenses $1,255,876 across 12 lines filed
IX-7 Other salaries and wagesPrograms $209,641$209,641
IX-9 Other employee benefitsPrograms $39,448$39,448
IX-10 Payroll taxesPrograms $14,003$14,003
IX-11a Management feesManagement $65,230$65,230
IX-11c Accounting feesManagement $21,193$21,193
IX-11g Other fees for servicesPrograms $21,600$21,600
IX-13 Office expensesPrograms $11,475$11,475
IX-16 OccupancyPrograms $429,473$429,473
IX-20 InterestPrograms $111,658$111,658
IX-22 Depreciation, depletion and amortizationPrograms $183,495$183,495
IX-23 InsurancePrograms $127,829$127,829
IX-24 Other expenses (24a–d)Programs $20,831$20,831
IX-25 Total functional expensesPrograms $1,169,453 · Management $86,423 · Fundraising $0$1,255,876
Part X · Balance sheet $2,957,526 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $5,961$1,251
X-2 Savings and temporary cash investmentsStart of year $86,995$91,599
X-4 Accounts receivableStart of year $7,531$21,643
X-9 Prepaid expenses and deferred chargesStart of year $74,668$82,941
X-10c Land, buildings and equipment, netStart of year $1,272,600$1,151,766
X-14 Intangible assetsStart of year $268,179$257,603
X-15 Other assetsStart of year $1,347,716$1,350,723
X-16 Total assetsStart of year $3,063,650$2,957,526
X-17 Accounts payable and accrued expensesStart of year $191,242$143,054
X-19 Deferred revenueStart of year $372$711
X-25 Other liabilitiesStart of year $34,450$33,435
X-26 Total liabilitiesStart of year $3,704,620$3,576,141
X-27 Net assets without donor restrictionsStart of year −$640,970−$618,615
X-32 Total net assets or fund balancesStart of year −$640,970−$618,615
X-33 Total liabilities and net assetsStart of year $3,063,650$2,957,526
Part XI · Reconciliation of net assets −$618,615 net assets at year end
XI-1 Total revenue$1,278,231
XI-2 Total expenses$1,255,876
XI-3 Revenue less expenses$22,355
XI-4 Net assets at start of year−$640,970
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$618,615

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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