Catalyst Housing INC FY2023 filing

Tax-deductible

Monterey, CA501(c)(3)HousingEIN 77-0154887

Catalysts mission is to provide affordable very low-income permanent supportive housing in the community, and mental health services to individuals with a serious and long term psychiatric disability.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
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
3 of 6
filings with a surplus
Average deficit $6K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$450K
110% of total assets
Concern: liabilities are 110% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$202K
+0.2% vs prior year
Spent
$231K
To programs
70%
Net assets
−$41K
By yearFY2020–FY2025
Revenue
$202K
FY2023+0.2%
Revenue by fiscal year
FY2020$197K
FY2021$201K
FY2022$202K
FY2023$202K
FY2024$215K
FY2025$241K
Expenses
$231K
FY2023▲ +21%
Expenses by fiscal year
FY2020$197K
FY2021$178K
FY2022$192K
FY2023$231K
FY2024$244K
FY2025$252K
Net assets
−$41K
FY2023▼ -244%
Net assets by fiscal year
FY2020−$45K
FY2021−$22K
FY2022−$12K
FY2023−$41K
FY2024−$71K
FY2025−$82K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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 Oct 1991.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $162K Management & general 30% · $69K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Nurse Practioner
$0Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A
Clinical & Program Development Officer
$0Pt VII · Sec A
Dir. of Finance
$0Pt VII · Sec A
Deputy Director
$0Pt VII · Sec A
Director of HR
$0Pt VII · Sec A
Division Director
$0Pt VII · Sec A
Division Director
$0Pt VII · Sec A
See Catalyst Housing 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 15aYes

Programs and updates

Offers affordable housing and mental health services to individuals with serious psychiatric disabilities.

Provided by the organization

This section is blank until Catalyst Housing INC claims this page.

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1 program service account for $162K of program spending, described in the organization's own filed words · FY2022.
01

Provide affordable very low-income permanent supportive housing in the community, and mental health services to individuals with a serious and long term psychiatric disability. The housing is specially designed to meet resident's physical, social and psychological needs, and to promote their health, security, and independent living in…

$162Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$202K
Ln 12
Gifts and grantsLn 1h$155K
Fees for servicesLn 2g$46K
Other incomeLn 4–11$845
Money outPt IX
$231K
Ln 25
Programscol B$162K
Managementcol C$69K
Owns and owesPt X
−$41K
net assets · Ln 32
Cash and savingsLn 1–2$210K
Total assetsLn 16$408K
LiabilitiesLn 26$450K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$155K
Government grantsLn 1e$155K
Fees for servicesLn 2g$46K
Investment incomeLn 3$116
Other incomeLn 4–11$845
Total revenueLn 12$202K
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$201K
Cash and savings togetherLn 1–2$210K
Land, buildings, equipmentLn 10c$181K
Total assetsLn 16$408K
LiabilitiesLn 26$450K
Net assetsLn 32−$41K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$207K$210K
Land, buildings, equipmentLn 10c$184K$181K
Total assetsLn 16$416K$408K
LiabilitiesLn 26$428K$450K
Net assetsLn 32−$12K−$41K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$100K$72K$28K
Legal feesLn 11b$83$83
Accounting feesLn 11c$31K$31K
Advertising and promotionLn 12$257$257
Office expensesLn 13$17K$12K$5K
OccupancyLn 16$17K$16K$929
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$26K$26K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$18K$15K$3K
All other expensesLn 24e$21$21
Total functional expensesLn 25$231K$162K$69K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $241K$252K−$11K−$82K 990 PDF
FY2024 $215K$244K−$29K−$71K 990 PDF
FY2023 Viewing $202K$231K−$29K−$41K 990 PDF
FY2022 $202K$192K$10K−$12K 990 PDF
FY2021 $201K$178K$23K−$22K 990 PDF
FY2020 $197K$197K$491−$45K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $201,934 across 6 lines filed
VIII-1e Government grants$155,320
VIII-1h Total contributions, gifts and grants$155,320
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $45,653$45,653
VIII-3 Investment incomeExcluded from tax $116$116
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $845$845
VIII-12 Total revenueRelated to mission $46,498 · Unrelated business $0 · Excluded from tax $116$201,934
Part IX · Statement of functional expenses $231,296 across 12 lines filed
IX-11a Management feesPrograms $71,793 · Management $28,315$100,108
IX-11b Legal feesManagement $83$83
IX-11c Accounting feesManagement $31,151$31,151
IX-12 Advertising and promotionManagement $257$257
IX-13 Office expensesPrograms $11,871 · Management $4,673$16,544
IX-16 OccupancyPrograms $15,990 · Management $929$16,919
IX-19 Conferences, conventions and meetingsManagement $1,297$1,297
IX-20 InterestPrograms $25,544$25,544
IX-22 Depreciation, depletion and amortizationPrograms $8,083$8,083
IX-23 InsurancePrograms $13,550$13,550
IX-24 Other expenses (24a–d)Programs $15,138 · Management $2,601$17,739
IX-24e All other expensesManagement $21$21
IX-25 Total functional expensesPrograms $161,969 · Management $69,327 · Fundraising $0$231,296
Part X · Balance sheet $408,270 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $13,302$9,521
X-2 Savings and temporary cash investmentsStart of year $193,268$200,973
X-4 Accounts receivableStart of year $15,001$2,400
X-9 Prepaid expenses and deferred chargesStart of year $10,254$14,756
X-10c Land, buildings and equipment, netStart of year $184,403$180,620
X-16 Total assetsStart of year $416,228$408,270
X-17 Accounts payable and accrued expensesStart of year $135,845$183,820
X-19 Deferred revenueStart of year $58$273
X-25 Other liabilitiesStart of year $4,157$4,058
X-26 Total liabilitiesStart of year $428,240$449,644
X-27 Net assets without donor restrictionsStart of year −$12,012−$41,374
X-32 Total net assets or fund balancesStart of year −$12,012−$41,374
X-33 Total liabilities and net assetsStart of year $416,228$408,270
Part XI · Reconciliation of net assets −$41,374 net assets at year end
XI-1 Total revenue$201,934
XI-2 Total expenses$231,296
XI-3 Revenue less expenses−$29,362
XI-4 Net assets at start of year−$12,012
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$41,374

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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