Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2002.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. 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.
Jake Swartwood’s $24K as President is at the 17th percentile of top reported officer pay among 852 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2021 |
|---|---|---|
| Rick Croy | — | $30,250 |
| Jake Swartwood | $23,900 | — |
| Jake a Swartwood | — | $19,000 |
| Carol Quigley | $4,270 | $1,000 |
| Michele Bailey | — | $3,400 |
| Craig Swartwood | $2,000 | $1,000 |
| Katherine Klein | $2,000 | — |
| William Easton | $2,000 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 and manages affordable housing for low-income families.
Questions for Payson Regional Housing Development
Your first name shows with your question. Payson Regional Housing Development answers here, for everyone.
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Developed and currently manage six low income housing projects and three low income rental houses.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $714K | $704K |
| InvestmentsLn 11–13 | $1.1M | $1.1M |
| Land, buildings, equipmentLn 10c | $155K | $160K |
| Total assetsLn 16 | $2.0M | $2.0M |
| LiabilitiesLn 26 | $387K | $387K |
| Net assetsLn 32 | $1.6M | $1.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $26K | $26K | ||
| Legal feesLn 11b | $8K | $8K | ||
| Accounting feesLn 11c | $2K | $2K | ||
| Office expensesLn 13 | $50 | $50 | ||
| OccupancyLn 16 | $2K | $2K | ||
| Depreciation, depletion and amortizationLn 22 | $3K | $3K | ||
| InsuranceLn 23 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $14K | $14K | ||
| Total functional expensesLn 25 | $59K | $59K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $802K | $761K | $42K | $2.0M | 990 PDF |
| FY2024 | $472K | $51K | $422K | $2.0M | 990 PDF |
| FY2023 Viewing | $68K | $59K | $9K | $1.6M | 990 PDF |
| FY2022 | $594K | $329K | $265K | $1.6M | 990 PDF |
| FY2021 | $143K | $62K | $80K | $1.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $68,381 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 5 to look at
Part VIII · Statement of revenue $68,381 across 3 lines filed
Part IX · Statement of functional expenses $59,157 across 8 lines filed
Part X · Balance sheet $2,001,887 assets, 9 lines filed
Part XI · Reconciliation of net assets $1,614,487 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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