Treasure House FY2023 filing

Tax-deductible

Glendale, AZ501(c)(3)HousingEIN 80-0836112

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To provide a place where young adults with cognitive and developmental disabilties can participate in their community, achieve independence and realize their full potential.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$239K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
1 of 5
filings with a surplus
Average deficit $538K a year · 19% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$239K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $228K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$8.5M
86% of total assets
Concern: liabilities are 86% of assets; over 80%.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
-42% vs prior year
Spent
$4.2M
To programs
72%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$2.7M
FY2023▼ -42%
Revenue by fiscal year
FY2020$1.4M
FY2021$2.3M
FY2022$4.6M
FY2023$2.7M
FY2024$3.1M
Expenses
$4.2M
FY2023▲ +17%
Expenses by fiscal year
FY2020$2.4M
FY2021$2.6M
FY2022$3.6M
FY2023$4.2M
FY2024$3.9M
Net assets
$1.4M
FY2023▼ -52%
Net assets by fiscal year
FY2020$2.1M
FY2021$1.9M
FY2022$2.9M
FY2023$1.4M
FY2024$533K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2013.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $3.0M Management & general 13% · $556K Fundraising 15% · $630K

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

20 people listed on the 990; $239K paid to officers and key staff.

Part VII, Section A · reportable compensation
$239,361Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Laureen Tanner’s $214K as CEO is at the 90th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Laureen Tanner$214,412$239,361$232,297$186,978$207,882
Jake Miller$120,750————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Treasure House 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Empowers young adults with disabilities to achieve independence and community participation.

Provided by the organization

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1 program · $3.0M · in their own filed words · FY2023
01

In 2023, treasure house celebrated five years of operation. We ran at full capacity for the entirety of the year with an accumulated wait list which immediately filled apartments when a few residents transitioned out of treasure house to complete independence.

$3.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.2M
Fees for servicesLn 2g$1.2M
Money outPt IX
$4.2M
Ln 25
Programscol B$3.0M
Managementcol C$556K
Fundraisingcol D$630K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$178K
Total assetsLn 16$9.9M
LiabilitiesLn 26$8.5M
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Government grantsLn 1e$16K
Noncash giftsLn 1g$604
Fundraising eventsLn 1c$1.3M
Fees for servicesLn 2g$1.2M
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$155K
SavingsLn 2$22K
Cash and savings togetherLn 1–2$178K
Land, buildings, equipmentLn 10c$8.0M
Other assetsLn 15$4K
Total assetsLn 16$9.9M
LiabilitiesLn 26$8.5M
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 531
VolunteersI 628
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 FY23End FY23
Cash and savingsLn 1–2$234K$178K
Land, buildings, equipmentLn 10c$8.4M$8.0M
Total assetsLn 16$10.9M$9.9M
LiabilitiesLn 26$8.0M$8.5M
Net assetsLn 32$2.9M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$251K$168K$43K$40K
Other salaries and wagesLn 7$1.3M$881K$223K$210K
Payroll taxesLn 10$117K$78K$20K$19K
Legal feesLn 11b$990$990
Accounting feesLn 11c$41K$8K$33K
Professional fundraising feesLn 11e$59K$59K
Other fees for servicesLn 11g$144K$96K$24K$23K
Advertising and promotionLn 12$113K$68K$23K$23K
Office expensesLn 13$14K$8K$5K$485
OccupancyLn 16$215K$191K$17K$6K
TravelLn 17$9K$2K$4K$4K
Conferences, conventions and meetingsLn 19$6K$1K$2K$2K
InterestLn 20$609K$542K$49K$18K
Depreciation, depletion and amortizationLn 22$339K$312K$27K
InsuranceLn 23$35K$28K$7K
Other expenses (24a–d)Ln 24$845K$583K$55K$206K
All other expensesLn 24e$59K$18K$22K$19K
Total functional expensesLn 25$4.2M$3.0M$556K$630K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.1M$3.9M−$842K$533K 990 PDF
FY2023 Viewing $2.7M$4.2M−$1.5M$1.4M 990 PDF
FY2022 $4.6M$3.6M$1.0M$2.9M 990 PDF
FY2021 $2.3M$2.6M−$393K$1.9M 990 PDF
FY2020 $1.4M$2.4M−$976K$2.1M 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 $2,669,552 across 9 lines filed
VIII-1c Fundraising events$1,296,714
VIII-1e Government grants$15,712
VIII-1f All other contributions, gifts and grants$851,140
VIII-1g Noncash contributions (included above)$604
VIII-1h Total contributions, gifts and grants$2,163,566
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,177,628$1,177,628
VIII-8 Net income from fundraising events−$678,512
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,870$6,870
VIII-12 Total revenueRelated to mission $1,184,498$2,669,552
Part IX · Statement of functional expenses $4,171,024 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $168,073 · Management $42,645 · Fundraising $40,137$250,855
IX-7 Other salaries and wagesPrograms $880,838 · Management $223,496 · Fundraising $210,349$1,314,683
IX-10 Payroll taxesPrograms $78,149 · Management $19,829 · Fundraising $18,662$116,640
IX-11b Legal feesManagement $990$990
IX-11c Accounting feesPrograms $8,279 · Management $33,115$41,394
IX-11e Professional fundraising feesFundraising $58,901$58,901
IX-11g Other fees for servicesPrograms $96,362 · Management $24,450 · Fundraising $23,012$143,824
IX-12 Advertising and promotionPrograms $67,896 · Management $22,632 · Fundraising $22,632$113,160
IX-13 Office expensesPrograms $8,106 · Management $5,175 · Fundraising $485$13,766
IX-16 OccupancyPrograms $191,211 · Management $17,187 · Fundraising $6,445$214,843
IX-17 TravelPrograms $1,873 · Management $3,747 · Fundraising $3,747$9,367
IX-19 Conferences, conventions and meetingsPrograms $1,151 · Management $2,301 · Fundraising $2,301$5,753
IX-20 InterestPrograms $541,906 · Management $48,711 · Fundraising $18,267$608,884
IX-22 Depreciation, depletion and amortizationPrograms $312,032 · Management $27,339$339,371
IX-23 InsurancePrograms $27,973 · Management $6,993$34,966
IX-24 Other expenses (24a–d)Programs $583,255 · Management $55,240 · Fundraising $206,047$844,542
IX-24e All other expensesPrograms $18,337 · Management $21,981 · Fundraising $18,767$59,085
IX-25 Total functional expensesPrograms $2,985,441 · Management $555,831 · Fundraising $629,752$4,171,024
Part X · Balance sheet $9,882,546 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $218,643$155,145
X-2 Savings and temporary cash investmentsStart of year $15,438$22,442
X-3 Pledges and grants receivableStart of year $2,238,450$1,598,582
X-4 Accounts receivableStart of year $3,202$40,406
X-9 Prepaid expenses and deferred chargesStart of year $95,352$27,994
X-10c Land, buildings and equipment, netStart of year $8,352,070$8,031,270
X-14 Intangible assets$2,426
X-15 Other assets$4,281
X-16 Total assetsStart of year $10,923,155$9,882,546
X-17 Accounts payable and accrued expensesStart of year $267,586$196,525
X-19 Deferred revenueStart of year $106,976$65,752
X-25 Other liabilitiesStart of year $108,675$106,175
X-26 Total liabilitiesStart of year $8,046,048$8,506,911
X-27 Net assets without donor restrictionsStart of year $813,764−$304,822
X-28 Net assets with donor restrictionsStart of year $2,063,343$1,680,457
X-32 Total net assets or fund balancesStart of year $2,877,107$1,375,635
X-33 Total liabilities and net assetsStart of year $10,923,155$9,882,546
Part XI · Reconciliation of net assets $1,375,635 net assets at year end
XI-1 Total revenue$2,669,552
XI-2 Total expenses$4,171,024
XI-3 Revenue less expenses−$1,501,472
XI-4 Net assets at start of year$2,877,107
XI-10 Net assets at end of year$1,375,635

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

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