To provide housing for handicapped and low-income elderly persons

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 2 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $264 a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.9M
108% of total assets
Concern: liabilities are 108% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 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
$539K
+0.06% vs prior year
Spent
$585K
To programs
92%
Net assets
−$353K
By yearFY2021–FY2024
Revenue
$539K
FY2024+0.06%
Tap a bar for its year
Revenue by fiscal year
FY2021$521K
FY2022$525K
FY2023$538K
FY2024$539K
Expenses
$585K
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$468K
FY2022$530K
FY2023$538K
FY2024$585K
Net assets
−$353K
FY2024▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2021−$301K
FY2022−$307K
FY2023−$307K
FY2024−$353K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1992.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $538K Management & general 8% · $46K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Secretary/General Counsel
$0Pt VII · Sec A
See Sycamore Glen 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 housing for low-income elderly and handicapped individuals.

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Provided by the organization

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1 program · $538K · in their own filed words · FY2024
01

Provided 20 units of affordable housing to handicapped and elderly persons in morgan hill, ca.

$538Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$539K
Ln 12
Gifts and grantsLn 1h$433K
Fees for servicesLn 2g$103K
Other incomeLn 4–11$1K
Money outPt IX
$585K
Ln 25
Programscol B$538K
Managementcol C$46K
Owns and owesPt X
−$353K
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$4.5M
LiabilitiesLn 26$4.9M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$433K
Government grantsLn 1e$433K
Fees for servicesLn 2g$103K
Investment incomeLn 3$788
Other incomeLn 4–11$1K
Total revenueLn 12$539K
Assets in detailPt X, end of year
CashLn 1$29K
Cash and savings togetherLn 1–2$29K
Land, buildings, equipmentLn 10c$4.1M
Other assetsLn 15$375K
Total assetsLn 16$4.5M
LiabilitiesLn 26$4.9M
Net assetsLn 32−$353K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
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
LineStart FY24End FY24
Cash and savingsLn 1–2$74K$29K
Land, buildings, equipmentLn 10c$4.3M$4.1M
Total assetsLn 16$4.7M$4.5M
LiabilitiesLn 26$5.0M$4.9M
Net assetsLn 32−$307K−$353K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$35K$35K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$64K$64K
Office expensesLn 13$42K$42K$250
OccupancyLn 16$299K$299K
Depreciation, depletion and amortizationLn 22$133K$133K
Other expenses (24a–d)Ln 24$507$507
Total functional expensesLn 25$585K$538K$46K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $539K$585K−$46K−$353K 990 PDF
FY2023 $538K$538K$447−$307K 990 PDF
FY2022 $525K$530K−$6K−$307K 990 PDF
FY2021 $521K$468K$52K−$301K 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 $538,502 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $448,255$433,499
I-9 Program service revenuePrior year $83,046$102,751
I-10 Investment incomePrior year $611$788
I-11 Other revenuePrior year $6,288$1,464
I-12 Total revenuePrior year $538,200$538,502
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 $537,753$584,711
I-18 Total expensesPrior year $537,753$584,711
I-19 Revenue less expensesPrior year $447−$46,209
Part VI · Governance 2 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
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 $538,502 across 6 lines filed
Lines not itemized here account for $55 of total revenue; see the IRS return.
VIII-1e Government grants$433,499
VIII-1h Total contributions, gifts and grants$433,499
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $102,751$102,751
VIII-3 Investment incomeExcluded from tax $788$788
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,409$1,409
VIII-12 Total revenueRelated to mission $104,215 · Unrelated business $0 · Excluded from tax $788$538,502
Part IX · Statement of functional expenses $584,711 across 7 lines filed
IX-11a Management feesManagement $34,664$34,664
IX-11c Accounting feesManagement $11,583$11,583
IX-11g Other fees for servicesPrograms $63,733$63,733
IX-13 Office expensesPrograms $41,927 · Management $250$42,177
IX-16 OccupancyPrograms $298,808$298,808
IX-22 Depreciation, depletion and amortizationPrograms $133,239$133,239
IX-24 Other expenses (24a–d)Programs $507$507
IX-25 Total functional expensesPrograms $538,214 · Management $46,497 · Fundraising $0$584,711
Part X · Balance sheet $4,549,599 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $73,698$29,438
X-4 Accounts receivableStart of year $3,001$444
X-9 Prepaid expenses and deferred chargesStart of year $2,492$1,840
X-10c Land, buildings and equipment, netStart of year $4,275,996$4,142,757
X-15 Other assetsStart of year $321,969$375,120
X-16 Total assetsStart of year $4,677,156$4,549,599
X-17 Accounts payable and accrued expensesStart of year $17,396$18,766
X-19 Deferred revenue$1,872
X-25 Other liabilitiesStart of year $522$218
X-26 Total liabilitiesStart of year $4,983,733$4,902,385
X-27 Net assets without donor restrictionsStart of year −$306,577−$352,786
X-32 Total net assets or fund balancesStart of year −$306,577−$352,786
X-33 Total liabilities and net assetsStart of year $4,677,156$4,549,599
Part XI · Reconciliation of net assets −$352,786 net assets at year end
XI-1 Total revenue$538,502
XI-2 Total expenses$584,711
XI-3 Revenue less expenses−$46,209
XI-4 Net assets at start of year−$306,577
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$352,786

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

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