Charitable Holdings INC: Nonprofit Profile, Financials & Form 990 (EIN 83-0551795)

Revenue by fiscal year
FY2020	$162K
FY2021	$166K
FY2022	$177K
FY2023	−$160K

Expenses by fiscal year
FY2020	$149K
FY2021	$145K
FY2022	$150K
FY2023	$25K

Net assets by fiscal year
FY2020	$144K
FY2021	$165K
FY2022	$192K
FY2023	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

82 cents of each dollar spent went to programs.

82%

18%

Program services 82% · $21K Management & general 18% · $5K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Carl Bush

Treasurer

$0Pt VII · Sec A

John Corleto

Vice Preside

$0Pt VII · Sec A

Yvonne Redifer

President

$0Pt VII · Sec A

See Charitable Holdings 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

Manages property income, sending all profits to its tax-exempt partner.

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Provided by the organization

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1 program · in their own filed words · FY2022

01

To hold title to and collect income from property, remitting the entire amount of such income, less expenses and principal payments on debt of property to which the organization holds title to, to its tax-exempt affiliate.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

−$160K

Ln 12

Fees for servicesLn 2g$28K

Money outPt IX

$25K

Ln 25

Programscol B$21K

Managementcol C$5K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$28K

Gains on assetsLn 7−$189K

Total revenueLn 12−$160K

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

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

Line	Start FY23	End FY23
Total assetsLn 16	$1.6M	$0
LiabilitiesLn 26	$1.4M	$0
Net assetsLn 32	$192K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$5K		$5K
InterestLn 20	$14K	$14K
Depreciation, depletion and amortizationLn 22	$4K	$4K
InsuranceLn 23	$1K	$1K
Other expenses (24a–d)Ln 24	$498	$498
Total functional expensesLn 25	$25K	$21K	$5K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 Latest Viewing	−$160K	$25K	−$185K	$0	990 PDF
FY2022	$177K	$150K	$27K	$192K	990 PDF
FY2021	$166K	$145K	$21K	$165K	990 PDF
FY2020	$162K	$149K	$13K	$144K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary −$160,102 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $177,000$28,500

I-10 Investment income−$188,602

I-11 Other revenue$0

I-12 Total revenuePrior year $177,000−$160,102

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $149,860$25,391

I-18 Total expensesPrior year $149,860$25,391

I-19 Revenue less expensesPrior year $27,140−$185,493

Part VI · Governance 3 of 3 board members independent, 4 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue −$160,102 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,500$28,500

VIII-7 Net gain or loss on sales of assetsRelated to mission −$188,602−$188,602

VIII-12 Total revenueRelated to mission −$160,102−$160,102

Part IX · Statement of functional expenses $25,391 across 5 lines filed

IX-11c Accounting feesManagement $4,608$4,608

IX-20 InterestPrograms $14,325$14,325

IX-22 Depreciation, depletion and amortizationPrograms $4,466$4,466

IX-23 InsurancePrograms $1,494$1,494

IX-24 Other expenses (24a–d)Programs $498$498

IX-25 Total functional expensesPrograms $20,783 · Management $4,608 · Fundraising $0$25,391

Part X · Balance sheet $0 assets, 4 lines filed

X-16 Total assetsStart of year $1,629,606$0

X-26 Total liabilitiesStart of year $1,437,947$0

X-32 Total net assets or fund balancesStart of year $191,659$0

X-33 Total liabilities and net assetsStart of year $1,629,606$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue−$160,102

XI-2 Total expenses$25,391

XI-3 Revenue less expenses−$185,493

XI-4 Net assets at start of year$191,659

XI-9 Other changes in net assets−$6,166

XI-10 Net assets at end of year$0

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

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Charitable Holdings INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Charitable Holdings INC

By the numbers

Filing history

Schedules filed Part IV