Emerald Housing INC FY2023 filing

Tax-deductible

Kemmerer, WY501(c)(3)EIN 83-0243441Revenue $156K in FY2023

On file with the IRS715 Sage Avenue, 83101-3136 · Kemmerer, WYTax-exempt since Feb 1980Publicly supported — 509(a)(2)

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To construct and operate a rental Housing property for low income elderly, handicapped and disabled individuals through hud.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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 $44K a year · 26% 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$156K
-0.10% vs prior year
Spent
$102K
To programs
74%
Net assets
$190K
By yearFY2020–FY2024
Revenue
$156K
FY2023-0.10%
Tap a bar for its year
Revenue by fiscal year
FY2020$176K
FY2021$176K
FY2022$156K
FY2023$156K
FY2024$176K
Expenses
$102K
FY2023▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$135K
FY2021$150K
FY2022$125K
FY2023$102K
FY2024$108K
Net assets
$190K
FY2023▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2020$80K
FY2021$105K
FY2022$137K
FY2023$190K
FY2024$258K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 Feb 1980.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $76K Management & general 26% · $27K

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
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Emerald Housing 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

Provides affordable rental housing for low-income elderly and disabled individuals.

Questions for Emerald Housing INC

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Provided by the organization

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1 program · $76K · in their own filed words · FY2023
01

Emerald housing, inc. Was incorporated in 1981 in the state of wyoming as a not-for-profit corporation for the purpose of constructing and operating a rental housing property for the elderly. The property consists of 20 units located in kemmerer, wyoming and is known as emerald housing.

$76Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$156K
Ln 12
Gifts and grantsLn 1h$117K
Fees for servicesLn 2g$38K
Other incomeLn 4–11$1K
Money outPt IX
$102K
Ln 25
Programscol B$76K
Managementcol C$27K
Owns and owesPt X
$190K
net assets · Ln 32
Cash and savingsLn 1–2$52K
Total assetsLn 16$193K
LiabilitiesLn 26$3K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$117K
Government grantsLn 1e$117K
Fees for servicesLn 2g$38K
Investment incomeLn 3$266
Other incomeLn 4–11$1K
Total revenueLn 12$156K
Assets in detailPt X, end of year
CashLn 1$52K
Cash and savings togetherLn 1–2$52K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$142K
Total assetsLn 16$193K
LiabilitiesLn 26$3K
Net assetsLn 32$190K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$49K$52K
Land, buildings, equipmentLn 10c$3K$0
Total assetsLn 16$140K$193K
LiabilitiesLn 26$3K$3K
Net assetsLn 32$137K$190K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$13K$13K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$9K$9K
OccupancyLn 16$58K$58K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$268$268
Other expenses (24a–d)Ln 24$15K$15K
Total functional expensesLn 25$102K$76K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $176K$108K$68K$258K 990 PDF
FY2023 Viewing $156K$102K$53K$190K 990 PDF
FY2022 $156K$125K$31K$137K 990 PDF
FY2021 $176K$150K$26K$105K 990 PDF
FY2020 $176K$135K$41K$80K 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 FY2023 990 (6 parts)
Part I · Summary $155,875 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $115,479$116,745
I-9 Program service revenuePrior year $39,547$37,839
I-10 Investment incomePrior year $0$266
I-11 Other revenuePrior year $1,002$1,025
I-12 Total revenuePrior year $156,028$155,875
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 $124,804$102,485
I-18 Total expensesPrior year $124,804$102,485
I-19 Revenue less expensesPrior year $31,224$53,390
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $155,875 across 6 lines filed
VIII-1e Government grants$116,745
VIII-1h Total contributions, gifts and grants$116,745
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,839$37,839
VIII-3 Investment incomeExcluded from tax $266$266
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,025$1,025
VIII-12 Total revenueRelated to mission $38,864 · Unrelated business $0 · Excluded from tax $266$155,875
Part IX · Statement of functional expenses $102,485 across 8 lines filed
IX-11a Management feesManagement $12,960$12,960
IX-11c Accounting feesManagement $3,730$3,730
IX-12 Advertising and promotionManagement $1,006$1,006
IX-13 Office expensesManagement $8,922$8,922
IX-16 OccupancyPrograms $57,841$57,841
IX-22 Depreciation, depletion and amortizationPrograms $2,642$2,642
IX-23 InsurancePrograms $268$268
IX-24 Other expenses (24a–d)Programs $15,116$15,116
IX-25 Total functional expensesPrograms $75,867 · Management $26,618 · Fundraising $0$102,485
Part X · Balance sheet $193,340 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $49,178$51,790
X-4 Accounts receivable$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $2,642$0
X-15 Other assetsStart of year $87,870$141,550
X-16 Total assetsStart of year $139,690$193,340
X-17 Accounts payable and accrued expenses$0
X-19 Deferred revenue$0
X-25 Other liabilitiesStart of year $3,011$3,271
X-26 Total liabilitiesStart of year $3,011$3,271
X-32 Total net assets or fund balancesStart of year $136,679$190,069
X-33 Total liabilities and net assetsStart of year $139,690$193,340
Part XI · Reconciliation of net assets $190,069 net assets at year end
XI-1 Total revenue$155,875
XI-2 Total expenses$102,485
XI-3 Revenue less expenses$53,390
XI-4 Net assets at start of year$136,679
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$190,069

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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