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Aspen Park INC

Tax-deductible

Idaho Falls, ID501(c)(3)HousingEIN 82-0481308Revenue $713K in FY2024

On file with the IRSeicap.org935 E Lincoln Rd, 83401-2119 · Idaho Falls, IDTax-exempt since Nov 2013Publicly supported — 509(a)(2)

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To plan, construct, develop & manage affordable housing for the public.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 17 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
5 of 5
filings with a surplus
Average surplus $129K a year · 20% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$635K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$713K
+4% vs prior year
Spent
$623K
To programs
100%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$713K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$608K
FY2021$595K
FY2022$652K
FY2023$685K
FY2024$713K
Expenses
$623K
FY2024▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$456K
FY2021$484K
FY2022$523K
FY2023$520K
FY2024$623K
Net assets
$1.1M
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$594K
FY2021$706K
FY2022$834K
FY2023$999K
FY2024$1.1M

From the FY2024 Form 990 (year ending October 2024) · see the original

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Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Nov 2013.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $623K

Form 990 Part IX, line 25. 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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Devon Jackson
President
$0Pt VII · Sec A
Sarah Ryner
Secretary
$0Pt VII · Sec A
Regan Muir
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Adam Bishop
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Kathy Harris
Director (thru Dec 23)
$0Pt VII · Sec A
$0Pt VII · Sec A
See Aspen Park 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and manages affordable housing for people.

Questions for Aspen Park INC

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Provided by the organization

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1 program · $623K · in their own filed words · FY2023
01

Aspen park, inc. Operates a 72-UNIT apartment project that provides multifamily housing for low-income families in idaho falls, idaho.

$623Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$713K
Ln 12
Fees for servicesLn 2g$711K
Other incomeLn 4–11$1K
Investment incomeLn 3$271
Money outPt IX
$623K
Ln 25
Programscol B$623K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$151K
Total assetsLn 16$1.7M
LiabilitiesLn 26$635K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$711K
Investment incomeLn 3$271
Other incomeLn 4–11$1K
Total revenueLn 12$713K
Assets in detailPt X, end of year
CashLn 1$151K
Cash and savings togetherLn 1–2$151K
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$128K
Total assetsLn 16$1.7M
LiabilitiesLn 26$635K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
Fiscal year endsHeaderOctober
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$228K$151K
Land, buildings, equipmentLn 10c$1.5M$1.4M
Total assetsLn 16$1.8M$1.7M
LiabilitiesLn 26$810K$635K
Net assetsLn 32$999K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$168K$168K
Legal feesLn 11b$504$504
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$788$788
Advertising and promotionLn 12$276$276
Office expensesLn 13$24K$24K
Information technologyLn 14$7K$7K
OccupancyLn 16$56K$56K
InterestLn 20$38K$38K
Depreciation, depletion and amortizationLn 22$82K$82K
InsuranceLn 23$62K$62K
Other expenses (24a–d)Ln 24$179K$179K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$623K$623K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $713K$623K$90K$1.1M 990 PDF
FY2023 $685K$520K$165K$999K 990 PDF
FY2022 $652K$523K$129K$834K 990 PDF
FY2021 $595K$484K$112K$706K 990 PDF
FY2020 $608K$456K$152K$594K 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 (6 parts)
Part I · Summary $712,700 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $681,825$711,374
I-10 Investment incomePrior year $226$271
I-11 Other revenuePrior year $2,500$1,055
I-12 Total revenuePrior year $684,551$712,700
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $519,506$623,135
I-18 Total expensesPrior year $519,506$623,135
I-19 Revenue less expensesPrior year $165,045$89,565
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $712,700 across 3 lines filed
Lines not itemized here account for $1,055 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $711,374$711,374
VIII-3 Investment incomeExcluded from tax $271$271
VIII-12 Total revenueRelated to mission $711,374 · Unrelated business $0 · Excluded from tax $1,326$712,700
Part IX · Statement of functional expenses $623,135 across 13 lines filed
IX-11a Management feesPrograms $168,382$168,382
IX-11b Legal feesPrograms $504$504
IX-11c Accounting feesPrograms $3,868$3,868
IX-11g Other fees for servicesPrograms $788$788
IX-12 Advertising and promotionPrograms $276$276
IX-13 Office expensesPrograms $24,008$24,008
IX-14 Information technologyPrograms $6,554$6,554
IX-16 OccupancyPrograms $55,562$55,562
IX-20 InterestPrograms $37,574$37,574
IX-22 Depreciation, depletion and amortizationPrograms $81,710$81,710
IX-23 InsurancePrograms $62,167$62,167
IX-24 Other expenses (24a–d)Programs $179,052$179,052
IX-24e All other expensesPrograms $2,690$2,690
IX-25 Total functional expensesPrograms $623,135 · Management $0 · Fundraising $0$623,135
Part X · Balance sheet $1,723,506 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $227,590$151,143
X-4 Accounts receivableStart of year $3,169$6,652
X-9 Prepaid expenses and deferred chargesStart of year $1,060$20,566
X-10c Land, buildings and equipment, netStart of year $1,477,183$1,417,491
X-15 Other assetsStart of year $100,234$127,654
X-16 Total assetsStart of year $1,809,236$1,723,506
X-17 Accounts payable and accrued expensesStart of year $42,177$61,611
X-19 Deferred revenueStart of year $9,883$12,557
X-25 Other liabilitiesStart of year $159,397$61,597
X-26 Total liabilitiesStart of year $809,923$634,628
X-27 Net assets without donor restrictionsStart of year $999,313$1,088,878
X-32 Total net assets or fund balancesStart of year $999,313$1,088,878
X-33 Total liabilities and net assetsStart of year $1,809,236$1,723,506
Part XI · Reconciliation of net assets $1,088,878 net assets at year end
XI-1 Total revenue$712,700
XI-2 Total expenses$623,135
XI-3 Revenue less expenses$89,565
XI-4 Net assets at start of year$999,313
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,088,878

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

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