To partner with public and charitable entities to develop services, activities, and programs designed for senior housing, education, health care facilities, affordable housing, and governments.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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 surplus $341K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$79.2M
105% of total assets
Concern: liabilities are 105% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 6 voting members
Fine: 3 of 6 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.1M
+55% vs prior year
Spent
$9.5M
To programs
90%
Net assets
−$4.1M
By yearFY2020–FY2024
Revenue
$5.1M
FY2021▲ +55%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.3M
FY2021$5.1M
FY2022$10.9M
FY2023$16.1M
FY2024$39.6M
Expenses
$9.5M
FY2021▲ +148%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.8M
FY2021$9.5M
FY2022$14.3M
FY2023$16.1M
FY2024$29.6M
Net assets
−$4.1M
FY2021▼ -1918%
Tap a bar for its year
Net assets by fiscal year
FY2020$227K
FY2021−$4.1M
FY2022−$7.5M
FY2023−$37.8M
FY2024−$18.7M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
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 ruling in Mar 2018.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $8.5M Management & general 10% · $941K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A

Kim Wyatt’s $462K as Executive Di is at the 94th percentile of top reported officer pay among 3122 $10–100M human services 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Kim Wyatt$461,702$24,487$12,764
Greg Fawcett$300,000——
Louise Waller$30,000——

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 P3 Foundation 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

Develops services and programs for senior housing, education, healthcare, and affordable housing.

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Provided by the organization

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3 programs · $8.5M · in their own filed words · FY2021
01

Student Housing Facilities

Lease and management of student housing consisting of 238 beds in residential property located on the campus of claremont graduate university in claremont, california under a master lease agreement with the college.

$6.2Mprogram expense
02

Student Housing Facilities

Lease and management of student housing consisting of 246 beds in residential properties located in the vicinity of franklin & marshall college in lancaster, pa under a master lease agreement with the college.

$2.3Mprogram expense
03

Providing services, activities and programs dedicated to furthering community development, education, and lessening the burdens of government.

$23Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 18 grants · $210K · 2020–2024
City of Refuge SacramentoCA · FY2024$10,000
Mustard Tree Foundation INCGA · FY2024$10,000
The Jonnycake Center INCRI · FY2024$10,000
Jll FoundationAZ · FY2024$10,000
Ruhs FoundationFY2024$10,000
The Relatives INCNC · FY2024$10,000
City of Refuge SacramentoCA · FY2023$10,000
Fuqua SchoolVA · FY2022$21,000
Cleanaire North CarolinaNC · FY2020$10,833

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.1M
Ln 12
Fees for servicesLn 2g$5.1M
Investment incomeLn 3$703
Money outPt IX
$9.5M
Ln 25
Programscol B$8.5M
Managementcol C$941K
Owns and owesPt X
−$4.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$75.1M
LiabilitiesLn 26$79.2M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.1M
Investment incomeLn 3$703
Total revenueLn 12$5.1M
Assets in detailPt X, end of year
CashLn 1$1.7M
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$40.6M
Other assetsLn 15$32.6M
Total assetsLn 16$75.1M
LiabilitiesLn 26$79.2M
Net assetsLn 32−$4.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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$1.1M$1.7M
Land, buildings, equipmentLn 10c$206K$40.6M
Total assetsLn 16$77.8M$75.1M
LiabilitiesLn 26$77.5M$79.2M
Net assetsLn 32$227K−$4.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$278K$122K$157K
Other employee benefitsLn 9$46K$20K$26K
Payroll taxesLn 10$23K$10K$13K
Management feesLn 11a$272K$272K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$52K$52K
Other fees for servicesLn 11g$198K$198K
Advertising and promotionLn 12$26K$26K
Office expensesLn 13$59K$59K
Information technologyLn 14$50K$48K$2K
OccupancyLn 16$641K$641K
TravelLn 17$8K$8K
InterestLn 20$4.0M$4.0M
Depreciation, depletion and amortizationLn 22$2.4M$2.4M
InsuranceLn 23$126K$126K
Other expenses (24a–d)Ln 24$1.2M$813K$362K
All other expensesLn 24e$62K$23K$39K
Total functional expensesLn 25$9.5M$8.5M$941K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $39.6M$29.6M$10.0M−$18.7M 990 PDF
FY2023 $16.1M$16.1M−$53K−$37.8M 990 PDF
FY2022 $10.9M$14.3M−$3.4M−$7.5M 990 PDF
FY2021 Viewing $5.1M$9.5M−$4.4M−$4.1M 990 PDF
FY2020 $3.3M$3.8M−$511K$227K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $5,131,940 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $3,310,321$5,131,237
I-10 Investment incomePrior year $3,169$703
I-11 Other revenue$0
I-12 Total revenuePrior year $3,313,490$5,131,940
I-13 Grants and similar amounts paidPrior year $65,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $167,757$346,692
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,591,795$9,139,886
I-18 Total expensesPrior year $3,824,552$9,486,578
I-19 Revenue less expensesPrior year −$511,062−$4,354,638
Part VI · Governance 3 of 6 board members independent, 5 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $5,131,940 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,131,237$5,131,237
VIII-3 Investment incomeExcluded from tax $703$703
VIII-12 Total revenueRelated to mission $5,131,237 · Excluded from tax $703$5,131,940
Part IX · Statement of functional expenses $9,486,578 across 17 lines filed
IX-7 Other salaries and wagesPrograms $121,818 · Management $156,542$278,360
IX-9 Other employee benefitsPrograms $20,069 · Management $25,542$45,611
IX-10 Payroll taxesPrograms $9,997 · Management $12,724$22,721
IX-11a Management feesPrograms $272,180$272,180
IX-11b Legal feesManagement $1,284$1,284
IX-11c Accounting feesManagement $51,722$51,722
IX-11g Other fees for servicesManagement $197,812$197,812
IX-12 Advertising and promotionManagement $25,523$25,523
IX-13 Office expensesManagement $58,804$58,804
IX-14 Information technologyPrograms $48,175 · Management $2,210$50,385
IX-16 OccupancyPrograms $640,529$640,529
IX-17 TravelManagement $7,612$7,612
IX-20 InterestPrograms $4,026,279$4,026,279
IX-22 Depreciation, depletion and amortizationPrograms $2,444,824$2,444,824
IX-23 InsurancePrograms $125,896$125,896
IX-24 Other expenses (24a–d)Programs $812,753 · Management $362,153$1,174,906
IX-24e All other expensesPrograms $23,361 · Management $38,769$62,130
IX-25 Total functional expensesPrograms $8,545,881 · Management $940,697 · Fundraising $0$9,486,578
Part X · Balance sheet $75,107,588 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,149,813$1,679,543
X-4 Accounts receivableStart of year $69,018$365
X-9 Prepaid expenses and deferred chargesStart of year $136,223$170,865
X-10c Land, buildings and equipment, netStart of year $205,553$40,630,328
X-15 Other assetsStart of year $74,089,208$32,626,487
X-16 Total assetsStart of year $77,767,451$75,107,588
X-17 Accounts payable and accrued expensesStart of year $2,598,776$4,338,907
X-20 Tax-exempt bond liabilitiesStart of year $56,520,000$56,520,000
X-25 Other liabilitiesStart of year $16,846,613$16,951,257
X-26 Total liabilitiesStart of year $77,540,389$79,235,164
X-27 Net assets without donor restrictionsStart of year $227,062−$4,127,576
X-32 Total net assets or fund balancesStart of year $227,062−$4,127,576
X-33 Total liabilities and net assetsStart of year $77,767,451$75,107,588
Part XI · Reconciliation of net assets −$4,127,576 net assets at year end
XI-1 Total revenue$5,131,940
XI-2 Total expenses$9,486,578
XI-3 Revenue less expenses−$4,354,638
XI-4 Net assets at start of year$227,062
XI-10 Net assets at end of year−$4,127,576

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

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