To provide affordable housing for the low-income elderly or disabled.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $53K a year · 36% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$449K
75% of total assets
Worth a look: liabilities are 75% 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
$174K
+6% vs prior year
Spent
$220K
To programs
76%
Net assets
$147K
By yearFY2020–FY2025
Revenue
$174K
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$127K
FY2021$128K
FY2022$140K
FY2023$145K
FY2024$164K
FY2025$174K
Expenses
$220K
FY2025+0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$175K
FY2021$173K
FY2022$189K
FY2023$220K
FY2024$219K
FY2025$220K
Net assets
$147K
FY2025▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2020$417K
FY2021$371K
FY2022$323K
FY2023$248K
FY2024$193K
FY2025$147K

From the FY2025 Form 990 (year ending March 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2002.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $168K Management & general 24% · $52K

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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Anchor 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

Provides affordable housing for low-income elderly or disabled individuals.

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Provided by the organization

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1 program · $168K · in their own filed words · FY2024
01

Operation of 16 affordable housing units for the chronically mentally ill under a subsidy program of the us department of housing and urban development.

$168Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$174K
Ln 12
Gifts and grantsLn 1h$131K
Fees for servicesLn 2g$37K
Other incomeLn 4–11$6K
Money outPt IX
$220K
Ln 25
Programscol B$168K
Managementcol C$52K
Owns and owesPt X
$147K
net assets · Ln 32
Cash and savingsLn 1–2$48K
Total assetsLn 16$596K
LiabilitiesLn 26$449K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$131K
Government grantsLn 1e$131K
Fees for servicesLn 2g$37K
Investment incomeLn 3$1
Other incomeLn 4–11$6K
Total revenueLn 12$174K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$24K
Cash and savings togetherLn 1–2$48K
Land, buildings, equipmentLn 10c$539K
Total assetsLn 16$596K
LiabilitiesLn 26$449K
Net assetsLn 32$147K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$13K$48K
Land, buildings, equipmentLn 10c$574K$539K
Total assetsLn 16$591K$596K
LiabilitiesLn 26$398K$449K
Net assetsLn 32$193K$147K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$31K$17K$13K
Other employee benefitsLn 9$504$504
Payroll taxesLn 10$3K$3K
Management feesLn 11a$16K$16K
Accounting feesLn 11c$16K$16K
Advertising and promotionLn 12$164$164
Office expensesLn 13$5K$5K
Depreciation, depletion and amortizationLn 22$51K$51K
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$76K$76K$498
All other expensesLn 24e$343$343
Total functional expensesLn 25$220K$168K$52K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $174K$220K−$46K$147K 990 PDF
FY2024 $164K$219K−$55K$193K 990 PDF
FY2023 $145K$220K−$75K$248K 990 PDF
FY2022 $140K$189K−$49K$323K 990 PDF
FY2021 $128K$173K−$46K$371K 990 PDF
FY2020 $127K$175K−$48K$417K 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 FY2025 990 (6 parts)
Part I · Summary $173,959 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $116,483$130,958
I-9 Program service revenuePrior year $43,388$37,225
I-10 Investment incomePrior year $2$1
I-11 Other revenuePrior year $3,634$5,775
I-12 Total revenuePrior year $163,507$173,959
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 $33,165$33,873
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $185,612$185,872
I-18 Total expensesPrior year $218,777$219,745
I-19 Revenue less expensesPrior year −$55,270−$45,786
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $173,959 across 6 lines filed
VIII-1e Government grants$130,958
VIII-1h Total contributions, gifts and grants$130,958
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,225$37,225
VIII-3 Investment incomeRelated to mission $1$1
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,775$5,775
VIII-12 Total revenueRelated to mission $37,226 · Unrelated business $0 · Excluded from tax $5,775$173,959
Part IX · Statement of functional expenses $219,745 across 11 lines filed
IX-7 Other salaries and wagesPrograms $17,471 · Management $13,213$30,684
IX-9 Other employee benefitsPrograms $504$504
IX-10 Payroll taxesPrograms $2,685$2,685
IX-11a Management feesManagement $16,457$16,457
IX-11c Accounting feesManagement $16,251$16,251
IX-12 Advertising and promotionPrograms $164$164
IX-13 Office expensesManagement $5,468$5,468
IX-22 Depreciation, depletion and amortizationPrograms $50,933$50,933
IX-23 InsurancePrograms $20,040$20,040
IX-24 Other expenses (24a–d)Programs $75,718 · Management $498$76,216
IX-24e All other expensesManagement $343$343
IX-25 Total functional expensesPrograms $167,515 · Management $52,230 · Fundraising $0$219,745
Part X · Balance sheet $595,840 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $11,271$24,509
X-2 Savings and temporary cash investmentsStart of year $2,087$23,863
X-4 Accounts receivableStart of year $965$590
X-9 Prepaid expenses and deferred chargesStart of year $2,217$7,599
X-10c Land, buildings and equipment, netStart of year $574,136$539,279
X-16 Total assetsStart of year $590,676$595,840
X-17 Accounts payable and accrued expensesStart of year $37,573$105,394
X-19 Deferred revenueStart of year $410$182
X-25 Other liabilitiesStart of year $19,697$3,054
X-26 Total liabilitiesStart of year $398,126$449,076
X-27 Net assets without donor restrictionsStart of year −$967,850−$1,013,636
X-28 Net assets with donor restrictionsStart of year $1,160,400$1,160,400
X-32 Total net assets or fund balancesStart of year $192,550$146,764
X-33 Total liabilities and net assetsStart of year $590,676$595,840
Part XI · Reconciliation of net assets $146,764 net assets at year end
XI-1 Total revenue$173,959
XI-2 Total expenses$219,745
XI-3 Revenue less expenses−$45,786
XI-4 Net assets at start of year$192,550
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$146,764

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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