Peach Tree Acres INC FY2022 filing

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To provide a facility for assisted living for brain injured individuals

501(c)(3) charity; gifts are tax-deductible.
100¢ 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 $52K a year · 22% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$990K
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 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
$239K
<0.01% vs prior year
Spent
$287K
To programs
100%
Net assets
$477K
By yearFY2020–FY2025
Revenue
$239K
FY2022<0.01%
Tap a bar for its year
Revenue by fiscal year
FY2020$239K
FY2021$239K
FY2022$239K
FY2023$231K
FY2024$219K
FY2025$244K
Expenses
$287K
FY2022▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$290K
FY2021$277K
FY2022$287K
FY2023$288K
FY2024$298K
FY2025$285K
Net assets
$477K
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$563K
FY2021$525K
FY2022$477K
FY2023$419K
FY2024$341K
FY2025$300K

From the FY2022 Form 990 · see the original

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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 Sep 1999.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $287K

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

1 person listed on the 990.

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

Howard H Hitch’s $44K as President is at the 31st percentile of top reported officer pay among 2168 $100K–1M human services 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.

See Peach Tree Acres INC executive salaries →

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

Offers assisted living for individuals with brain injuries.

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1 program · $287K · in their own filed words · FY2022
01

To provide a facility for assisted living for brain injured individuals

$287Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$239K
Ln 12
Other incomeLn 4–11$239K
Money outPt IX
$287K
Ln 25
Programscol B$287K
Owns and owesPt X
$477K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$1.5M
LiabilitiesLn 26$990K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$239K
Total revenueLn 12$239K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$61K
Cash and savings togetherLn 1–2$67K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$1.5M
LiabilitiesLn 26$990K
Net assetsLn 32$477K
OperationsPt I, VI
EmployeesI 530
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$981K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$47K$67K
Land, buildings, equipmentLn 10c$1.5M$1.4M
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$990K$990K
Net assetsLn 32$525K$477K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$83K$83K
Payroll taxesLn 10$42K$42K
Management feesLn 11a$16K$16K
Accounting feesLn 11c$6K$6K
Office expensesLn 13$62K$62K
Depreciation, depletion and amortizationLn 22$78K$78K
Total functional expensesLn 25$287K$287K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 31, 2026 $244K$285K−$41K$300K 990 PDF
FY2024Filed with the IRS Apr 2, 2025 $219K$298K−$78K$341K 990 PDF
FY2023Filed with the IRS Mar 25, 2024 $231K$288K−$57K$419K 990 PDF
FY2022 ViewingFiled with the IRS Mar 18, 2023 $239K$287K−$48K$477K 990 PDF
FY2021Filed with the IRS Mar 16, 2022 $239K$277K−$38K$525K 990 PDF
FY2020Filed with the IRS Feb 20, 2021 $239K$290K−$51K$563K 990 PDF

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 $238,827 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $8$0
I-11 Other revenuePrior year $238,800$238,827
I-12 Total revenuePrior year $238,808$238,827
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $121,597$125,289
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $154,924$161,815
I-18 Total expensesPrior year $276,521$287,104
I-19 Revenue less expensesPrior year −$37,713−$48,277
Part VI · Governance 5 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $238,827 across 4 lines filed
VIII-6 Net rental income or lossRelated to mission $238,800$238,800
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $27$27
VIII-12 Total revenueRelated to mission $238,827$238,827
Part IX · Statement of functional expenses $287,104 across 6 lines filed
IX-7 Other salaries and wagesPrograms $83,000$83,000
IX-10 Payroll taxesPrograms $42,289$42,289
IX-11a Management feesPrograms $16,438$16,438
IX-11c Accounting feesPrograms $5,500$5,500
IX-13 Office expensesPrograms $62,216$62,216
IX-22 Depreciation, depletion and amortizationPrograms $77,661$77,661
IX-25 Total functional expensesPrograms $287,104 · Management $0 · Fundraising $0$287,104
Part X · Balance sheet $1,466,776 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $17,767$6,259
X-2 Savings and temporary cash investmentsStart of year $29,546$61,158
X-10c Land, buildings and equipment, netStart of year $1,467,475$1,399,359
X-16 Total assetsStart of year $1,514,788$1,466,776
X-17 Accounts payable and accrued expensesStart of year $8,959$9,224
X-20 Tax-exempt bond liabilitiesStart of year $980,800$980,800
X-26 Total liabilitiesStart of year $989,759$990,024
X-27 Net assets without donor restrictionsStart of year $459,344$411,067
X-28 Net assets with donor restrictionsStart of year $65,685$65,685
X-32 Total net assets or fund balancesStart of year $525,029$476,752
X-33 Total liabilities and net assetsStart of year $1,514,788$1,466,776
Part XI · Reconciliation of net assets $476,752 net assets at year end
XI-1 Total revenue$238,827
XI-2 Total expenses$287,104
XI-3 Revenue less expenses−$48,277
XI-4 Net assets at start of year$525,029
XI-10 Net assets at end of year$476,752

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

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