Forest Park Community FY2021 filing

San Angelo, TXUnknown exempt organizationSince 2016EIN 81-2857209

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

81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$443K
74% of total assets
Worth a look: liabilities are 74% of assets; over 65%.
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
$66K
+2% vs prior year
Spent
$77K
To programs
81%
Net assets
$158K
By yearFY2020–FY2024
Revenue
$66K
FY2021▲ +2%
Revenue by fiscal year
FY2020$65K
FY2021$66K
FY2022$93K
FY2023$1.6M
FY2024$2.1M
FY2024$1.9M
Expenses
$77K
FY2021▲ +33%
Expenses by fiscal year
FY2020$58K
FY2021$77K
FY2022$119K
FY2023$2.2M
FY2024$2.1M
FY2024$2.1M
Net assets
$158K
FY2021▲ +48%
Net assets by fiscal year
FY2020$107K
FY2021$158K
FY2022$132K
FY2023$4.6M
FY2024$4.5M
FY2024$4.4M

From the FY2021 Form 990 (year ending September 2021) · see the original

You’re viewing the FY2021 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

81 cents of each dollar spent went to programs.

Program services 81% · $62K Management & general 19% · $15K

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 (FY2020); the FY2021 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 $62K of program spending, described in the organization's own filed words · FY2020.
01

To provide safe affordable housing to the elderly and disabled.

$62Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$66K
Ln 12
Fees for servicesLn 2g$66K
Money outPt IX
$77K
Ln 25
Programscol B$62K
Managementcol C$15K
Owns and owesPt X
$158K
net assets · Ln 32
Cash and savingsLn 1–2$44K
Total assetsLn 16$600K
LiabilitiesLn 26$443K
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$66K
Total revenueLn 12$66K
Assets in detailPt X, end of year
CashLn 1$44K
Cash and savings togetherLn 1–2$44K
Land, buildings, equipmentLn 10c$556K
Total assetsLn 16$600K
LiabilitiesLn 26$443K
Net assetsLn 32$158K
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 FY21End FY21
Cash and savingsLn 1–2$59K$44K
Land, buildings, equipmentLn 10c$519K$556K
Total assetsLn 16$578K$600K
LiabilitiesLn 26$471K$443K
Net assetsLn 32$107K$158K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$4K$4K
Pension plan contributionsLn 8$1K$1K
Accounting feesLn 11c$878$878
Office expensesLn 13$806$806
InterestLn 20$11K$11K
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$144$144
Other expenses (24a–d)Ln 24$42K$27K$14K
Total functional expensesLn 25$77K$62K$15K$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 Viewing $66K$77K−$11K$158K 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $66,484 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $66,484$66,484
VIII-12 Total revenueRelated to mission $66,484 · Unrelated business $0 · Excluded from tax $0$66,484
Part IX · Statement of functional expenses $77,413 across 8 lines filed
IX-7 Other salaries and wagesPrograms $3,671$3,671
IX-8 Pension plan contributionsPrograms $1,056$1,056
IX-11c Accounting feesManagement $878$878
IX-13 Office expensesPrograms $806$806
IX-20 InterestPrograms $11,303$11,303
IX-22 Depreciation, depletion and amortizationPrograms $17,843$17,843
IX-23 InsurancePrograms $144$144
IX-24 Other expenses (24a–d)Programs $27,497 · Management $14,215$41,712
IX-25 Total functional expensesPrograms $62,320 · Management $15,093 · Fundraising $0$77,413
Part X · Balance sheet $600,078 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $59,037$43,849
X-4 Accounts receivable$142
X-10c Land, buildings and equipment, netStart of year $519,062$556,087
X-16 Total assetsStart of year $578,099$600,078
X-19 Deferred revenueStart of year $1,366$1,328
X-25 Other liabilitiesStart of year $0$3,850
X-26 Total liabilitiesStart of year $471,439$442,577
X-27 Net assets without donor restrictionsStart of year $106,660$157,501
X-32 Total net assets or fund balancesStart of year $106,660$157,501
X-33 Total liabilities and net assetsStart of year $578,099$600,078
Part XI · Reconciliation of net assets $157,501 net assets at year end
XI-1 Total revenue$66,484
XI-2 Total expenses$77,413
XI-3 Revenue less expenses−$10,929
XI-4 Net assets at start of year$106,660
XI-8 Prior period adjustments$61,770
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$157,501

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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