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Aknp FY2023 filing

Tax-deductible

Mansfield, TX501(c)(3)Housing EIN 84-4378755Revenue $411K in FY2023Latest return filed Nov 14, 2025

On file with the IRS7315 Cementery Rd Ste 103, 76063-0000 · Mansfield, TXTax-exempt since Jul 2020Publicly supported charity — 170(b)(1)(A)(vi)

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To provide housing to low and moderate-income communities through afforable rental properties.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
4 of 5
filings with a surplus
Average surplus $316K a year · 68% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$208K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$411K
+251% vs prior year
Spent
$141K
To programs
87%
Net assets
$944K
By yearFY2020–FY2024
Revenue
$411K
FY2023▲ +251%
Tap a bar for its year
Revenue by fiscal year
FY2020$87K
FY2021$209K
FY2022$117K
FY2023$411K
FY2024$1.5M
Expenses
$141K
FY2023▲ +159%
Tap a bar for its year
Expenses by fiscal year
FY2020$91K
FY2021$105K
FY2022$55K
FY2023$141K
FY2024$353K
Net assets
$944K
FY2023▲ +40%
Tap a bar for its year
Net assets by fiscal year
FY2020$508K
FY2021$612K
FY2022$675K
FY2023$944K
FY2024$2.0M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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 Jul 2020.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $123K Management & general 13% · $19K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
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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

Builds affordable rental housing for low and moderate-income communities.

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Provided by the organization

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1 program · $123K · in their own filed words · FY2023
01

Alleviate high cost of living and provide quality, economical housing for those who cannot afford it.

$123Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$411K
Ln 12
Gifts and grantsLn 1h$323K
Fees for servicesLn 2g$88K
Investment incomeLn 3$6
Money outPt IX
$141K
Ln 25
Programscol B$123K
Managementcol C$19K
Owns and owesPt X
$944K
net assets · Ln 32
Cash and savingsLn 1–2$148K
Total assetsLn 16$1.2M
LiabilitiesLn 26$208K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$323K
Fees for servicesLn 2g$88K
Investment incomeLn 3$6
Total revenueLn 12$411K
Assets in detailPt X, end of year
CashLn 1$137K
SavingsLn 2$12K
Cash and savings togetherLn 1–2$148K
Land, buildings, equipmentLn 10c$1.0M
Total assetsLn 16$1.2M
LiabilitiesLn 26$208K
Net assetsLn 32$944K
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 FY23End FY23
Cash and savingsLn 1–2$153K$148K
Land, buildings, equipmentLn 10c$522K$1.0M
Total assetsLn 16$675K$1.2M
LiabilitiesLn 26$0$208K
Net assetsLn 32$675K$944K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$8K$8K
InterestLn 20$18K$18K
Depreciation, depletion and amortizationLn 22$50K$50K
Other expenses (24a–d)Ln 24$54K$48K$6K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$141K$123K$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $1.5M$353K$1.1M$2.0M 990 PDF
FY2023 ViewingFiled with the IRS Nov 12, 2024 $411K$141K$270K$944K 990 PDF
FY2022Filed with the IRS Sep 29, 2023 $117K$55K$63K$675K 990 PDF
FY2021Filed with the IRS May 13, 2022 $209K$105K$104K$612K 990 PDF
FY2020Filed with the IRS Mar 13, 2021 $87K$91K−$4K$508K 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 FY2023 990 (6 parts)
Part I · Summary $411,090 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $43,000$323,360
I-9 Program service revenuePrior year $73,703$87,724
I-10 Investment incomePrior year $1$6
I-11 Other revenuePrior year $506$0
I-12 Total revenuePrior year $117,210$411,090
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 $54,529$141,392
I-18 Total expensesPrior year $54,529$141,392
I-19 Revenue less expensesPrior year $62,681$269,698
Part VI · Governance 2 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
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 $411,090 across 5 lines filed
VIII-1a Federated campaigns$323,360
VIII-1h Total contributions, gifts and grants$323,360
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $87,724$87,724
VIII-3 Investment incomeRelated to mission $6$6
VIII-12 Total revenueRelated to mission $87,730 · Unrelated business $0 · Excluded from tax $0$411,090
Part IX · Statement of functional expenses $141,392 across 6 lines filed
IX-11b Legal feesManagement $5,354$5,354
IX-11c Accounting feesManagement $7,969$7,969
IX-20 InterestPrograms $17,972$17,972
IX-22 Depreciation, depletion and amortizationPrograms $50,002$50,002
IX-24 Other expenses (24a–d)Programs $48,243 · Management $5,563$53,806
IX-24e All other expensesPrograms $6,289$6,289
IX-25 Total functional expensesPrograms $122,506 · Management $18,886 · Fundraising $0$141,392
Part X · Balance sheet $1,152,798 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $147,807$136,916
X-2 Savings and temporary cash investmentsStart of year $5,164$11,555
X-10c Land, buildings and equipment, netStart of year $521,721$1,004,327
X-16 Total assetsStart of year $674,692$1,152,798
X-26 Total liabilitiesStart of year $0$208,408
X-27 Net assets without donor restrictionsStart of year $162,874$432,572
X-28 Net assets with donor restrictionsStart of year $511,818$511,818
X-32 Total net assets or fund balancesStart of year $674,692$944,390
X-33 Total liabilities and net assetsStart of year $674,692$1,152,798
Part XI · Reconciliation of net assets $944,390 net assets at year end
XI-1 Total revenue$411,090
XI-2 Total expenses$141,392
XI-3 Revenue less expenses$269,698
XI-4 Net assets at start of year$674,692
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$944,390

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

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