Fireweed Housing Development INC FY2023 filing

Tax-deductible

Wasilla, AK501(c)(3)EIN 92-0144518

Provide low income housing for the disabled

501(c)(3) charity; gifts are tax-deductible.
79¢ 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
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
0 of 4
filings with a surplus
Average deficit $62K a year · 22% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.5M
346% of total assets
Concern: liabilities are 346% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 8 voting members
Looks good: 9 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$272K
-5% vs prior year
Spent
$362K
To programs
79%
Net assets
−$2.5M
By yearFY2021–FY2024
Revenue
$272K
FY2023▼ -5%
Revenue by fiscal year
FY2021$266K
FY2022$288K
FY2023$272K
FY2024$275K
FY2024$262K
Expenses
$362K
FY2023▲ +10%
Expenses by fiscal year
FY2021$313K
FY2022$329K
FY2023$362K
FY2024$345K
FY2024$417K
Net assets
−$2.5M
FY2023▼ -4%
Net assets by fiscal year
FY2021−$2.4M
FY2022−$2.4M
FY2023−$2.5M
FY2024−$2.6M
FY2024−$2.7M

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

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 Jun 1993.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $285K Management & general 21% · $77K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice - Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fireweed Housing Development INC 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 15aNo

Programs and updates

Offers affordable homes to people with disabilities.

Provided by the organization

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1 program service account for $285K of program spending, described in the organization's own filed words · FY2022.
01

The purpose of fireweed housing is to own and operate properties in wasilla, alaska that provide housing for mentally disabled adults

$285Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$272K
Ln 12
Fees for servicesLn 2g$184K
Gifts and grantsLn 1h$78K
Other incomeLn 4–11$10K
Money outPt IX
$362K
Ln 25
Programscol B$285K
Managementcol C$77K
Owns and owesPt X
−$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$1.0M
LiabilitiesLn 26$3.5M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Government grantsLn 1e$78K
Fees for servicesLn 2g$184K
Investment incomeLn 3$140
Other incomeLn 4–11$10K
Gains on assetsLn 7$0
Total revenueLn 12$272K
Assets in detailPt X, end of year
CashLn 1$9K
SavingsLn 2$12K
Cash and savings togetherLn 1–2$21K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$836K
Other assetsLn 15$154K
Total assetsLn 16$1.0M
LiabilitiesLn 26$3.5M
Net assetsLn 32−$2.5M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$17K$21K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$891K$836K
Total assetsLn 16$1.0M$1.0M
LiabilitiesLn 26$3.5M$3.5M
Net assetsLn 32−$2.4M−$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$36K$16K$20K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$5K$5K
Management feesLn 11a$18K$18K
Legal feesLn 11b$85$85
Accounting feesLn 11c$10K$10K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$147$147
Office expensesLn 13$7K$7K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$88$88
InterestLn 20$87$87
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$54K$54K
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$186K$166K$20K
All other expensesLn 24e$9K$9K$315
Total functional expensesLn 25$362K$285K$77K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $275K$345K−$69K−$2.6M 990 PDF
FY2023 Viewing $272K$362K−$90K−$2.5M 990 PDF
FY2022 $288K$329K−$41K−$2.4M 990 PDF
FY2021 $266K$313K−$47K−$2.4M 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 (4 parts)
Part VIII · Statement of revenue $272,499 across 10 lines filed
VIII-1e Government grants$78,281
VIII-1h Total contributions, gifts and grants$78,281
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $184,426$184,426
VIII-3 Investment incomeExcluded from tax $140$140
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,652$9,652
VIII-12 Total revenueRelated to mission $194,078 · Excluded from tax $140$272,499
Part IX · Statement of functional expenses $362,075 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $15,898 · Management $20,477$36,375
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $5,851$5,851
IX-10 Payroll taxesPrograms $4,563$4,563
IX-11a Management feesManagement $18,479$18,479
IX-11b Legal feesManagement $85$85
IX-11c Accounting feesManagement $10,210$10,210
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $147$147
IX-13 Office expensesManagement $6,662$6,662
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $88$88
IX-20 InterestPrograms $87$87
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $54,302$54,302
IX-23 InsurancePrograms $29,986$29,986
IX-24 Other expenses (24a–d)Programs $165,764 · Management $20,176$185,940
IX-24e All other expensesPrograms $8,985 · Management $315$9,300
IX-25 Total functional expensesPrograms $285,436 · Management $76,639 · Fundraising $0$362,075
Part X · Balance sheet $1,017,739 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $6,076$8,508
X-2 Savings and temporary cash investmentsStart of year $10,865$12,347
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $8,511$6,442
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $890,723$836,421
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $128,025$154,021
X-16 Total assetsStart of year $1,044,200$1,017,739
X-17 Accounts payable and accrued expensesStart of year $170,640$231,748
X-19 Deferred revenueStart of year $6,095$7,054
X-24 Unsecured notes and loans payableStart of year $2,816$2,382
X-25 Other liabilitiesStart of year $10,869$12,351
X-26 Total liabilitiesStart of year $3,459,880$3,522,995
X-27 Net assets without donor restrictionsStart of year −$2,415,680−$2,505,256
X-32 Total net assets or fund balancesStart of year −$2,415,680−$2,505,256
X-33 Total liabilities and net assetsStart of year $1,044,200$1,017,739
Part XI · Reconciliation of net assets −$2,505,256 net assets at year end
XI-1 Total revenue$272,499
XI-2 Total expenses$362,075
XI-3 Revenue less expenses−$89,576
XI-4 Net assets at start of year−$2,415,680
XI-10 Net assets at end of year−$2,505,256

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

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