Forest Park Community FY2020 filing

San Angelo, TXUnknown exempt organizationSince 2016EIN 81-2857209

To provide safe, affordable housing to the elderly, disabled, and low-income families.

95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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 $126K a year · 16% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$471K
82% of total assets
Concern: liabilities are 82% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$65K
Spent
$58K
To programs
95%
Net assets
$107K
By yearFY2020–FY2024
Revenue
$65K
FY2020
Revenue by fiscal year
FY2020$65K
FY2021$66K
FY2022$93K
FY2023$1.6M
FY2024$2.1M
FY2024$1.9M
Expenses
$58K
FY2020
Expenses by fiscal year
FY2020$58K
FY2021$77K
FY2022$119K
FY2023$2.2M
FY2024$2.1M
FY2024$2.1M
Net assets
$107K
FY2020
Net assets by fiscal year
FY2020$107K
FY2021$158K
FY2022$132K
FY2023$4.6M
FY2024$4.5M
FY2024$4.4M

From the FY2020 Form 990 (year ending September 2020) · see the original

You’re viewing the FY2020 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $56K Management & general 5% · $3K

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Forest Park Community 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

Offers safe, affordable housing for seniors and people with disabilities.

Provided by the organization

This section is blank until Forest Park Community claims this page.

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1 program service account for $56K of program spending, described in the organization's own filed words · FY2019.
01

To provide safe affordable housing to the elderly and disabled.

$56Kprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$65K
Ln 12
Fees for servicesLn 2g$65K
Investment incomeLn 3$584
Money outPt IX
$58K
Ln 25
Programscol B$56K
Managementcol C$3K
Owns and owesPt X
$107K
net assets · Ln 32
Cash and savingsLn 1–2$59K
Total assetsLn 16$578K
LiabilitiesLn 26$471K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$65K
Investment incomeLn 3$584
Total revenueLn 12$65K
Assets in detailPt X, end of year
CashLn 1$59K
Cash and savings togetherLn 1–2$59K
Land, buildings, equipmentLn 10c$519K
Total assetsLn 16$578K
LiabilitiesLn 26$471K
Net assetsLn 32$107K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$62K$59K
Land, buildings, equipmentLn 10c$534K$519K
Total assetsLn 16$596K$578K
LiabilitiesLn 26$497K$471K
Net assetsLn 32$100K$107K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$735$735
OccupancyLn 16$141$141
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$101$101
Other expenses (24a–d)Ln 24$30K$27K$3K
Total functional expensesLn 25$58K$56K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.1M$2.1M−$59K$4.5M 990 PDF
FY2023 $1.6M$2.2M−$539K$4.6M 990 PDF
FY2022 $93K$119K−$26K$132K 990 PDF
FY2021 $66K$77K−$11K$158K 990 PDF
FY2020 Viewing $65K$58K$7K$107K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $65,377 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $64,793$64,793
VIII-3 Investment incomeRelated to mission $584$584
VIII-12 Total revenueRelated to mission $65,377 · Unrelated business $0 · Excluded from tax $0$65,377
Part IX · Statement of functional expenses $58,352 across 6 lines filed
IX-11c Accounting feesPrograms $735$735
IX-16 OccupancyPrograms $141$141
IX-20 InterestPrograms $11,972$11,972
IX-22 Depreciation, depletion and amortizationPrograms $15,100$15,100
IX-23 InsurancePrograms $101$101
IX-24 Other expenses (24a–d)Programs $27,492 · Management $2,811$30,303
IX-25 Total functional expensesPrograms $55,541 · Management $2,811 · Fundraising $0$58,352
Part X · Balance sheet $578,099 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $62,318$59,037
X-10c Land, buildings and equipment, netStart of year $534,162$519,062
X-16 Total assetsStart of year $596,480$578,099
X-17 Accounts payable and accrued expensesStart of year $4,292$5,570
X-19 Deferred revenueStart of year $1,615$1,366
X-26 Total liabilitiesStart of year $496,845$471,439
X-27 Net assets without donor restrictionsStart of year $99,635$106,660
X-32 Total net assets or fund balancesStart of year $99,635$106,660
X-33 Total liabilities and net assetsStart of year $596,480$578,099
Part XI · Reconciliation of net assets $106,660 net assets at year end
XI-1 Total revenue$65,377
XI-2 Total expenses$58,352
XI-3 Revenue less expenses$7,025
XI-4 Net assets at start of year$99,635
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$106,660

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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