Good Samaritans Home Equity

Tax-deductible

Kansas City, MO501(c)(3)HousingEIN 87-1090511Revenue $64 in FY2023

On file with the IRS800 E 101st Ter, 64131-5322 · Kansas City, MOTax-exempt since Dec 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Good Samaritans Home Equity enables aspiring poor to acquire the wealth inherent in homeownership, through alliances with existing organizations who have already walked with participants along the journey approaching the boundary out of poverty.

501(c)(3) charity; gifts are tax-deductible.
47¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $37K a year · 37% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
47%
of spending
Concern: 47% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$64
-100% vs prior year
Spent
$64K
To programs
47%
Net assets
$74K
By yearFY2022–FY2023
Revenue
$64
FY2023▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2022$200K
FY2023$64
Expenses
$64K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2022$62K
FY2023$64K
Net assets
$74K
FY2023▼ -46%
Tap a bar for its year
Net assets by fiscal year
FY2022$138K
FY2023$74K

From the FY2023 Form 990 (year ending June 2023) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Dec 2021.

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

Where the money goes

47 cents of each dollar spent went to programs.

Program services 47% · $30K Management & general 53% · $34K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Good Samaritans Home Equity 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 15aYes

Programs and updates

Helps low-income people achieve homeownership through partnerships with other groups.

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Provided by the organization

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1 program · $30K · in their own filed words · FY2022
01

Indentifying real estate opportunities that can generate growth and appreciation for aspiring poor to acquire the wealth inherent in homeownership.

$30Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$64
Ln 12
Investment incomeLn 3$64
Money outPt IX
$64K
Ln 25
Programscol B$30K
Managementcol C$34K
Owns and owesPt X
$74K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$74K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$64
Total revenueLn 12$64
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$19K
Cash and savings togetherLn 1–2$19K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$550
Other assetsLn 15$0
Total assetsLn 16$74K
LiabilitiesLn 26$0
Net assetsLn 32$74K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$82K$19K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$550$550
Total assetsLn 16$138K$74K
LiabilitiesLn 26$0$0
Net assetsLn 32$138K$74K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$6K$0$6K$0
Depreciation, depletion and amortizationLn 22$4K$3K$500$0
InsuranceLn 23$1K$0$1K$0
Other expenses (24a–d)Ln 24$53K$26K$27K$0
Total functional expensesLn 25$64K$30K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $64$64K−$64K$74K 990 PDF
FY2022 $200K$62K$138K$138K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $64 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $200,100$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $13$64
I-11 Other revenue$0
I-12 Total revenuePrior year $200,113$64
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 $61,928$64,090
I-18 Total expensesPrior year $61,928$64,090
I-19 Revenue less expensesPrior year $138,185−$64,026
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $64 across 2 lines filed
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$64
VIII-12 Total revenueRelated to mission $64 · Unrelated business $0 · Excluded from tax $0$64
Part IX · Statement of functional expenses $64,090 across 4 lines filed
IX-11c Accounting feesPrograms $0 · Management $5,750 · Fundraising $0$5,750
IX-22 Depreciation, depletion and amortizationPrograms $3,474 · Management $500 · Fundraising $0$3,974
IX-23 InsurancePrograms $0 · Management $1,346 · Fundraising $0$1,346
IX-24 Other expenses (24a–d)Programs $26,500 · Management $26,520 · Fundraising $0$53,020
IX-25 Total functional expensesPrograms $29,974 · Management $34,116 · Fundraising $0$64,090
Part X · Balance sheet $74,159 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $81,994$19,142
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $550$550
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $55,641$54,467
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $138,185$74,159
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $138,185$74,159
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $138,185$74,159
X-33 Total liabilities and net assetsStart of year $138,185$74,159
Part XI · Reconciliation of net assets $74,159 net assets at year end
XI-1 Total revenue$64
XI-2 Total expenses$64,090
XI-3 Revenue less expenses−$64,026
XI-4 Net assets at start of year$138,185
XI-10 Net assets at end of year$74,159

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

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