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

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$385K
54% of total assets
Fine: liabilities are 54% of assets; 50% to 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
$140K
+10% vs prior year
Spent
$189K
To programs
75%
Net assets
$323K
By yearFY2020–FY2025
Revenue
$140K
FY2022▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$127K
FY2021$128K
FY2022$140K
FY2023$145K
FY2024$164K
FY2025$174K
Expenses
$189K
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$175K
FY2021$173K
FY2022$189K
FY2023$220K
FY2024$219K
FY2025$220K
Net assets
$323K
FY2022▼ -13%
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 FY2022 Form 990 (year ending March 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

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

75 cents of each dollar spent went to programs.

Program services 75% · $142K Management & general 25% · $47K

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 (FY2021); the FY2022 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 · $142K · in their own filed words · FY2021
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.

$142Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$140K
Ln 12
Gifts and grantsLn 1h$105K
Fees for servicesLn 2g$36K
Money outPt IX
$189K
Ln 25
Programscol B$142K
Managementcol C$47K
Owns and owesPt X
$323K
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$708K
LiabilitiesLn 26$385K
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$105K
Government grantsLn 1e$105K
Fees for servicesLn 2g$36K
Total revenueLn 12$140K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$34K
Cash and savings togetherLn 1–2$39K
Land, buildings, equipmentLn 10c$661K
Other assetsLn 15$0
Total assetsLn 16$708K
LiabilitiesLn 26$385K
Net assetsLn 32$323K
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 FY22End FY22
Cash and savingsLn 1–2$38K$39K
Land, buildings, equipmentLn 10c$686K$661K
Total assetsLn 16$732K$708K
LiabilitiesLn 26$361K$385K
Net assetsLn 32$371K$323K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$35K$18K$17K
Other employee benefitsLn 9$467$467
Payroll taxesLn 10$3K$3K
Management feesLn 11a$11K$11K
Legal feesLn 11b$207$207
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$961$961
Office expensesLn 13$7K$7K
Depreciation, depletion and amortizationLn 22$48K$48K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$54K$54K
All other expensesLn 24e$491$491
Total functional expensesLn 25$189K$142K$47K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $174K$220K−$46K$147K 990 PDF
FY2024 $164K$219K−$55K$193K 990 PDF
FY2023 $145K$220K−$75K$248K 990 PDF
FY2022 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $140,160 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $91,242$104,517
I-9 Program service revenuePrior year $34,543$35,643
I-10 Investment incomePrior year $7$0
I-11 Other revenuePrior year $1,891$0
I-12 Total revenuePrior year $127,683$140,160
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 $36,041$38,352
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $137,284$150,359
I-18 Total expensesPrior year $173,325$188,711
I-19 Revenue less expensesPrior year −$45,642−$48,551
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 $140,160 across 4 lines filed
VIII-1e Government grants$104,517
VIII-1h Total contributions, gifts and grants$104,517
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $35,643$35,643
VIII-12 Total revenueRelated to mission $35,643 · Unrelated business $0 · Excluded from tax $0$140,160
Part IX · Statement of functional expenses $188,711 across 12 lines filed
IX-7 Other salaries and wagesPrograms $17,564 · Management $17,324$34,888
IX-9 Other employee benefitsPrograms $467$467
IX-10 Payroll taxesPrograms $2,997$2,997
IX-11a Management feesManagement $10,872$10,872
IX-11b Legal feesManagement $207$207
IX-11c Accounting feesManagement $11,077$11,077
IX-12 Advertising and promotionPrograms $961$961
IX-13 Office expensesManagement $7,217$7,217
IX-22 Depreciation, depletion and amortizationPrograms $48,170$48,170
IX-23 InsurancePrograms $17,451$17,451
IX-24 Other expenses (24a–d)Programs $53,913$53,913
IX-24e All other expensesManagement $491$491
IX-25 Total functional expensesPrograms $141,523 · Management $47,188 · Fundraising $0$188,711
Part X · Balance sheet $707,690 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $8,034$4,888
X-2 Savings and temporary cash investmentsStart of year $30,432$33,758
X-4 Accounts receivableStart of year $2,158$4,181
X-9 Prepaid expenses and deferred chargesStart of year $3,626$3,733
X-10c Land, buildings and equipment, netStart of year $686,280$661,130
X-15 Other assetsStart of year $1,354$0
X-16 Total assetsStart of year $731,884$707,690
X-17 Accounts payable and accrued expensesStart of year $16,988$24,063
X-19 Deferred revenueStart of year $56$319
X-25 Other liabilitiesStart of year $3,090$20,109
X-26 Total liabilitiesStart of year $360,580$384,937
X-27 Net assets without donor restrictionsStart of year −$789,096−$837,647
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 $371,304$322,753
X-33 Total liabilities and net assetsStart of year $731,884$707,690
Part XI · Reconciliation of net assets $322,753 net assets at year end
XI-1 Total revenue$140,160
XI-2 Total expenses$188,711
XI-3 Revenue less expenses−$48,551
XI-4 Net assets at start of year$371,304
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$322,753

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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