Missions United INC

Tax-deductible

Billings, MT501(c)(3)Since 1998Human ServicesEIN 81-0499281

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Retirement and assisted living housing.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 99 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
3 of 5
filings with a surplus
Average surplus $699K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$47.6M
83% of total assets
Concern: liabilities are 83% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.5M
+21% vs prior year
Spent
$15.7M
To programs
84%
Net assets
$9.9M
By yearFY2020–FY2024
Revenue
$17.5M
FY2024▲ +21%
Revenue by fiscal year
FY2020$12.0M
FY2021$11.9M
FY2022$12.8M
FY2023$14.4M
FY2024$17.5M
Expenses
$15.7M
FY2024▲ +8%
Expenses by fiscal year
FY2020$10.8M
FY2021$10.9M
FY2022$13.1M
FY2023$14.5M
FY2024$15.7M
Net assets
$9.9M
FY2024▲ +21%
Net assets by fiscal year
FY2020$8.2M
FY2021$10.9M
FY2022$6.1M
FY2023$8.1M
FY2024$9.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1995.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $13.3M Management & general 16% · $2.5M

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer (jan-Jun)
$0Pt VII · Sec A
CEO & Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member (jun-Current)
$0Pt VII · Sec A
Board Member (sept-Current)
$0Pt VII · Sec A
See Missions United 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable retirement and assisted living housing for seniors.

Provided by the organization

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1 program · $13.3M · in their own filed words · FY2024
01

Missions United is first and foremost a Christian community. Our mission is God's Mission; the work of healing a broken world, the work of healing the sick, and binding up the broken hearted. This mission is accomplished through serving Christ by creating abundant life opportunities and providing quality services to seniors.

$13.3Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$17.5M
Ln 12
Fees for servicesLn 2g$14.6M
Investment incomeLn 3$2.8M
Gifts and grantsLn 1h$53K
Money outPt IX
$15.7M
Ln 25
Programscol B$13.3M
Managementcol C$2.5M
Owns and owesPt X
$9.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$57.5M
LiabilitiesLn 26$47.6M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$53K
Government grantsLn 1e$53K
Fees for servicesLn 2g$14.6M
Investment incomeLn 3$2.8M
Gains on assetsLn 7$2.2M
Total revenueLn 12$17.5M
Assets in detailPt X, end of year
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$23.9M
Land, buildings, equipmentLn 10c$29.1M
Other assetsLn 15$70K
Total assetsLn 16$57.5M
LiabilitiesLn 26$47.6M
Net assetsLn 32$9.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 699
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$1.5M$1.5M
InvestmentsLn 11–13$22.5M$23.9M
Land, buildings, equipmentLn 10c$29.7M$29.1M
Total assetsLn 16$54.4M$57.5M
LiabilitiesLn 26$46.2M$47.6M
Net assetsLn 32$8.1M$9.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$4.7M$3.9M$832K
Pension plan contributionsLn 8$32K$23K$9K
Other employee benefitsLn 9$238K$171K$66K
Payroll taxesLn 10$337K$243K$94K
Management feesLn 11a$958K$958K
Accounting feesLn 11c$50K$50K
Other fees for servicesLn 11g$3.2M$3.0M$250K
Advertising and promotionLn 12$114K$114K
Office expensesLn 13$378K$301K$77K
Information technologyLn 14$154K$154K
OccupancyLn 16$777K$775K$3K
TravelLn 17$15K$4K$11K
Conferences, conventions and meetingsLn 19$12K$5K$6K
InterestLn 20$634K$634K
Depreciation, depletion and amortizationLn 22$2.3M$2.3M
InsuranceLn 23$221K$221K
Other expenses (24a–d)Ln 24$1.5M$1.4M$144K
All other expensesLn 24e$52K$51K$2K
Total functional expensesLn 25$15.7M$13.3M$2.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $17.5M$15.7M$1.7M$9.9M 990 PDF
FY2023 $14.4M$14.5M−$112K$8.1M 990 PDF
FY2022 $12.8M$13.1M−$276K$6.1M 990 PDF
FY2021 $11.9M$10.9M$1.0M$10.9M 990 PDF
FY2020 $12.0M$10.8M$1.1M$8.2M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $17,490,249 across 6 lines filed
VIII-1e Government grants$53,367
VIII-1h Total contributions, gifts and grants$53,367
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,623,222$14,623,222
VIII-3 Investment incomeExcluded from tax $637,218$637,218
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,176,442$2,176,442
VIII-12 Total revenueRelated to mission $14,623,222 · Unrelated business $0 · Excluded from tax $2,813,660$17,490,249
Part IX · Statement of functional expenses $15,746,969 across 18 lines filed
IX-7 Other salaries and wagesPrograms $3,884,246 · Management $832,336$4,716,582
IX-8 Pension plan contributionsPrograms $22,702 · Management $8,805$31,507
IX-9 Other employee benefitsPrograms $171,215 · Management $66,404$237,619
IX-10 Payroll taxesPrograms $242,975 · Management $94,235$337,210
IX-11a Management feesManagement $957,503$957,503
IX-11c Accounting feesPrograms $49,800$49,800
IX-11g Other fees for servicesPrograms $2,960,458 · Management $249,996$3,210,454
IX-12 Advertising and promotionPrograms $113,912$113,912
IX-13 Office expensesPrograms $301,003 · Management $77,238$378,241
IX-14 Information technologyPrograms $153,526$153,526
IX-16 OccupancyPrograms $774,752 · Management $2,601$777,353
IX-17 TravelPrograms $3,971 · Management $10,670$14,641
IX-19 Conferences, conventions and meetingsPrograms $5,318 · Management $6,321$11,639
IX-20 InterestPrograms $634,226$634,226
IX-22 Depreciation, depletion and amortizationPrograms $2,321,381$2,321,381
IX-23 InsurancePrograms $221,210$221,210
IX-24 Other expenses (24a–d)Programs $1,384,073 · Management $143,633$1,527,706
IX-24e All other expensesPrograms $50,698 · Management $1,761$52,459
IX-25 Total functional expensesPrograms $13,295,466 · Management $2,451,503 · Fundraising $0$15,746,969
Part X · Balance sheet $57,506,172 assets, 19 lines filed
Asset lines not itemized here account for $2,346,984; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $1,538,868$1,465,875
X-4 Accounts receivableStart of year $225,323$367,823
X-8 Inventories for sale or useStart of year $1,687$1,687
X-9 Prepaid expenses and deferred chargesStart of year $101,223$103,376
X-10c Land, buildings and equipment, netStart of year $29,654,391$29,144,093
X-11 Publicly traded securitiesStart of year $22,292,110$23,585,232
X-12 Other securitiesStart of year $244,526$278,530
X-14 Intangible assetsStart of year $159,980$142,368
X-15 Other assetsStart of year $153,778$70,204
X-16 Total assetsStart of year $54,371,886$57,506,172
X-17 Accounts payable and accrued expensesStart of year $297,390$351,863
X-19 Deferred revenueStart of year $905,465$1,088,546
X-20 Tax-exempt bond liabilitiesStart of year $23,384,574$22,334,464
X-25 Other liabilitiesStart of year $19,598,034$22,246,710
X-26 Total liabilitiesStart of year $46,247,925$47,648,661
X-27 Net assets without donor restrictionsStart of year $7,963,411$9,691,972
X-28 Net assets with donor restrictionsStart of year $160,550$165,539
X-32 Total net assets or fund balancesStart of year $8,123,961$9,857,511
X-33 Total liabilities and net assetsStart of year $54,371,886$57,506,172
Part XI · Reconciliation of net assets $9,857,511 net assets at year end
XI-1 Total revenue$17,490,249
XI-2 Total expenses$15,746,969
XI-3 Revenue less expenses$1,743,280
XI-4 Net assets at start of year$8,123,961
XI-5 Net unrealized gains (losses) on investments−$9,730
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,857,511

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

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