Is it real?
Yes. Exemption reinstated. Listed in IRS Pub. 78 (as of October 2026). Latest filing on record: FY2024. IRS ruling in Apr 2012.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
80 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
8 people listed on the 990.
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
Offers affordable housing and support services for low-income elderly and disabled individuals.
Questions for Parallel Senior Villas INC
Your first name shows with your question. Parallel Senior Villas INC answers here, for everyone.
The Organization operated a 41 unit apartment complex for very low-income elderly persons in Kansas City, Kansas pursuant to Section 202 of the National Housing Act.
Taxpayer also provides various social services and activities for its elderly residents. Specific services/activities include 1 mobile post office, 2 guest speakers and workshops on health and nutritional issues, and 3 other elderly cultural/educational/artistic outing and activities.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Federal money
The auditor reported 1 finding: a material weakness in money controls.
The auditor reported no findings.
The auditor reported no findings.
The auditor reported 1 finding: a weakness in money controls, questioned costs.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $3K | $6K |
| InvestmentsLn 11–13 | $45K | $22K |
| Land, buildings, equipmentLn 10c | $3.3M | $3.2M |
| Total assetsLn 16 | $3.4M | $3.2M |
| LiabilitiesLn 26 | $5.1M | $5.2M |
| Net assetsLn 32 | −$1.7M | −$2.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $0 | |||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $0 | |||
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $0 | |||
| Payroll taxesLn 10 | $0 | |||
| Management feesLn 11a | $26K | $13K | $13K | |
| Legal feesLn 11b | $1K | $1K | ||
| Accounting feesLn 11c | $11K | $11K | ||
| Lobbying feesLn 11d | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $0 | |||
| Advertising and promotionLn 12 | $1K | $1K | ||
| Office expensesLn 13 | $39K | $30K | $9K | |
| Information technologyLn 14 | $0 | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $129K | $116K | $13K | |
| TravelLn 17 | $0 | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $192 | $96 | $96 | |
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $167K | $150K | $17K | |
| InsuranceLn 23 | $0 | |||
| Other expenses (24a–d)Ln 24 | $208K | $159K | $48K | |
| All other expensesLn 24e | $6K | $1K | $5K | |
| Total functional expensesLn 25 | $588K | $471K | $117K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Nov 19, 2025 | $488K | $612K | −$124K | −$2.2M | 990 PDF |
| FY2023Filed with the IRS Dec 1, 2024 | $446K | $583K | −$137K | −$2.1M | 990 PDF |
| FY2022 ViewingFiled with the IRS Nov 13, 2023 | $361K | $588K | −$228K | −$2.0M | 990 PDF |
| FY2021Filed with the IRS Nov 11, 2022 | $338K | $509K | −$171K | −$1.7M | 990 PDF |
Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $360,598 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 4 to look at
Part VIII · Statement of revenue $360,598 across 3 lines filed
Part IX · Statement of functional expenses $588,366 across 30 lines filed
Part X · Balance sheet $3,234,475 assets, 13 lines filed
Part XI · Reconciliation of net assets −$1,960,772 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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