Housing Solutions Foundation

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Seeking charitable contributions in order to make, manage and monitor investments in affordable Housing projects and programs for the primary purpose of making safe, decent and affordable Housing available to low and moderate income individuals and families. Encouraging education and instruction to individuals, families and the comnmunity to promote home ownership and increase the number of low and moderate income persons taking the path to home ownership and, pursueing such other charitable and educational activities incidental or ancillary to the foregoing as may be determined by the board of directors.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 93-2648263) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $4.4M a year · 84% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
1.7 mo
of spending, in cash
Plus $8.6M in investments, Pt X · Ln 11–13
1.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$143K
2% of total assets
Liabilities are 2% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$439K
-96% vs prior year
Spent
$1.5M
To programs
100%
Net assets
$8.7M
By yearFY2023–FY2024
Revenue
$439K
FY2024▼ -96%
Tap a bar for its year
Revenue by fiscal year
FY2023$9.9M
FY2024$439K
Expenses
$1.5M
FY2024▲ ×12
Tap a bar for its year
Expenses by fiscal year
FY2023$121K
FY2024$1.5M
Net assets
$8.7M
FY2024▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2023$9.8M
FY2024$8.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2023.

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% · $1.5M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Board Chairp
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Housing Solutions Foundation 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

Develops and funds affordable housing, promoting homeownership for low-income individuals and families.

Questions for Housing Solutions Foundation

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Your first name shows with your question. Housing Solutions Foundation answers here, for everyone.

3 programs · $456K · in their own filed words · FY2024
01

Make, manage and monitor investments in affordable housing projects and programs for the primary purpose of making safe, decent and affordable housing available to low and moderate income individuals and families.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 93-2648263) · Dispute this line
$456Kprogram expense
02

Encouraging education and instruction to individuals, families and the comnmunity to promote home ownership and increase the number of low and moderate income persons taking the path to home ownership

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 93-2648263) · Dispute this line
Pt IX · Ln 25 · col B
03

Pursueing such other charitable and educational activities incidental or ancillary to the foregoing as may be determined by the board of directors.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 93-2648263) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$439K
Ln 12
Investment incomeLn 3$439K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.5M
Owns and owesPt X
$8.7M
net assets · Ln 32
Cash and savingsLn 1–2$214K
Total assetsLn 16$8.9M
LiabilitiesLn 26$143K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$439K
Total revenueLn 12$439K
Assets in detailPt X, end of year
SavingsLn 2$214K
Cash and savings togetherLn 1–2$214K
Notes and loans receivableLn 7$21K
InvestmentsLn 11–13$8.6M
Total assetsLn 16$8.9M
LiabilitiesLn 26$143K
Net assetsLn 32$8.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$337K$214K
InvestmentsLn 11–13$6.0M$8.6M
Total assetsLn 16$9.8M$8.9M
LiabilitiesLn 26$0$143K
Net assetsLn 32$9.8M$8.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Investment management feesLn 11f$313K$313K
Other fees for servicesLn 11g$138K$138K
Office expensesLn 13$6K$6K
Other expenses (24a–d)Ln 24$1.0M$1.0M
Total functional expensesLn 25$1.5M$1.5M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Oct 13, 2025 $439K$1.5M−$1.1M$8.7M 990 PDF
FY2023Filed with the IRS May 24, 2024 $9.9M$121K$9.8M$9.8M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $438,530 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,850,025$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $70,745$438,530
I-11 Other revenuePrior year −$17,518$0
I-12 Total revenuePrior year $9,903,252$438,530
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 $120,980$1,491,632
I-18 Total expensesPrior year $120,980$1,491,632
I-19 Revenue less expensesPrior year $9,782,272−$1,053,102
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $438,530 across 2 lines filed
VIII-3 Investment incomeRelated to mission $438,530$438,530
VIII-12 Total revenueRelated to mission $438,530$438,530
Part IX · Statement of functional expenses $1,491,632 across 4 lines filed
IX-11f Investment management feesPrograms $312,989$312,989
IX-11g Other fees for servicesPrograms $137,500$137,500
IX-13 Office expensesPrograms $5,658$5,658
IX-24 Other expenses (24a–d)Programs $1,035,485$1,035,485
IX-25 Total functional expensesPrograms $1,491,632 · Management $0 · Fundraising $0$1,491,632
Part X · Balance sheet $8,872,243 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $336,713$213,874
X-7 Notes and loans receivableStart of year $1,246$20,702
X-13 Program-related investmentsStart of year $6,029,070$8,637,667
X-16 Total assetsStart of year $9,782,272$8,872,243
X-17 Accounts payable and accrued expenses$143,073
X-26 Total liabilitiesStart of year $0$143,073
X-27 Net assets without donor restrictions−$1
X-28 Net assets with donor restrictionsStart of year $9,782,272$8,729,171
X-32 Total net assets or fund balancesStart of year $9,782,272$8,729,170
X-33 Total liabilities and net assetsStart of year $9,782,272$8,872,243
Part XI · Reconciliation of net assets $8,729,170 net assets at year end
XI-1 Total revenue$438,530
XI-2 Total expenses$1,491,632
XI-3 Revenue less expenses−$1,053,102
XI-4 Net assets at start of year$9,782,272
XI-10 Net assets at end of year$8,729,170

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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