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
89 cents of each dollar spent went to programs.
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
4 people listed on the 990.
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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
Provides safe, affordable homes for families with limited incomes.
Questions for Next Century Technology
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The organization has four properties that are available to be rented and two of them are currently rented. The nonprofit is using these homes to accomplish its goals of helping low to medium income families find affordable housing. The nonprofit has enlisted help to locate additional properties to serve this purpose.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $390K | $336K |
| Land, buildings, equipmentLn 10c | $1.2M | $1.2M |
| Total assetsLn 16 | $1.6M | $1.5M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $1.6M | $1.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Legal feesLn 11b | $210 | $210 | ||
| Other fees for servicesLn 11g | $11K | $10K | $766 | |
| Office expensesLn 13 | $182 | $182 | ||
| TravelLn 17 | $129 | $129 | ||
| Conferences, conventions and meetingsLn 19 | $1K | $1K | ||
| Depreciation, depletion and amortizationLn 22 | $15K | $15K | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $52K | $44K | $7K | |
| All other expensesLn 24e | $729 | $729 | ||
| Total functional expensesLn 25 | $85K | $75K | $10K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $25K | $171K | −$146K | $1.3M | 990 PDF |
| FY2023 | $43K | $127K | −$84K | $1.4M | 990 PDF |
| FY2022 Viewing | $16K | $85K | −$70K | $1.5M | 990 PDF |
| FY2021 | $364K | $15K | $349K | $1.6M | 990 PDF |
| FY2020 | $1.2M | $875 | $1.2M | $1.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $15,605 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 4 to look at
Part VIII · Statement of revenue $15,605 across 2 lines filed
Part IX · Statement of functional expenses $85,212 across 9 lines filed
Part X · Balance sheet $1,514,093 assets, 6 lines filed
Part XI · Reconciliation of net assets $1,514,093 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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