Multi Ethnic Housing Corp: Nonprofit Profile, Financials & Form 990 (EIN 94-2411163)

Revenue by fiscal year
FY2021	$31K
FY2022	$224
FY2023	$4K
FY2024	$50K
FY2025	$81K

Expenses by fiscal year
FY2021	$120
FY2022	$244
FY2023	$221
FY2024	$6K
FY2025	$7K

Net assets by fiscal year
FY2021	$2.2M
FY2022	$2.2M
FY2023	$2.2M
FY2024	$2.3M
FY2025	$2.4M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1977.

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

Where the money goes

What each dollar paid for.

100%

Management & general 100% · $7K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Greg Chapman

Board Member

$0Pt VII · Sec A

Sharon Abegglen

Board Member

$0Pt VII · Sec A

Bip Daniels

Board Member

$0Pt VII · Sec A

Michael Iwaski

Vice Preside

$0Pt VII · Sec A

Craig Demordaunt

President

$0Pt VII · Sec A

Lauralee Duarte

Board Member

$0Pt VII · Sec A

Gary Oliver

Board Member

$0Pt VII · Sec A

Scott Schwab

Secretary/Tr

$0Pt VII · Sec A

See Multi Ethnic Housing Corp 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 housing for seniors and people with disabilities.

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1 program · in their own filed words · FY2024

01

Corporation provides low income housing facilities to the elderly and disabled individuals.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$81K

Ln 12

Investment incomeLn 3$54K

Fees for servicesLn 2g$28K

Money outPt IX

$7K

Ln 25

Managementcol C$7K

Owns and owesPt X

$2.4M

net assets · Ln 32

Cash and savingsLn 1–2$2.1M

Total assetsLn 16$2.4M

LiabilitiesLn 26$0

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$28K

Investment incomeLn 3$54K

Total revenueLn 12$81K

Assets in detailPt X, end of year

SavingsLn 2$2.1M

Cash and savings togetherLn 1–2$2.1M

Total assetsLn 16$2.4M

LiabilitiesLn 26$0

Net assetsLn 32$2.4M

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderJune

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$2.0M	$2.1M
Total assetsLn 16	$2.3M	$2.4M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$2.3M	$2.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other expenses (24a–d)Ln 24	$7K		$7K
Total functional expensesLn 25	$7K	$0	$7K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$81K	$7K	$75K	$2.4M	990 PDF
FY2024	$50K	$6K	$45K	$2.3M	990 PDF
FY2023	$4K	$221	$4K	$2.2M	990 PDF
FY2022	$224	$244	−$20	$2.2M	990 PDF
FY2021	$31K	$120	$31K	$2.2M	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 FY2025 990 (6 parts)

Part I · Summary $81,239 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenue$27,645

I-10 Investment incomePrior year $50,366$53,594

I-11 Other revenue$0

I-12 Total revenuePrior year $50,366$81,239

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 $5,628$6,613

I-18 Total expensesPrior year $5,628$6,613

I-19 Revenue less expensesPrior year $44,738$74,626

Part VI · Governance 9 of 9 board members independent, 4 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

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 $81,239 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $27,645$27,645

VIII-3 Investment incomeExcluded from tax $53,594$53,594

VIII-12 Total revenueRelated to mission $27,645 · Excluded from tax $53,594$81,239

Part IX · Statement of functional expenses $6,613 across 1 line filed

IX-24 Other expenses (24a–d)Management $6,613$6,613

IX-25 Total functional expensesPrograms $0 · Management $6,613 · Fundraising $0$6,613

Part X · Balance sheet $2,365,858 assets, 6 lines filed

Asset lines not itemized here account for $296,181; see the IRS return.

X-2 Savings and temporary cash investmentsStart of year $2,022,696$2,069,677

X-16 Total assetsStart of year $2,291,232$2,365,858

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $2,291,232$2,365,858

X-32 Total net assets or fund balancesStart of year $2,291,232$2,365,858

X-33 Total liabilities and net assetsStart of year $2,291,232$2,365,858

Part XI · Reconciliation of net assets $2,365,858 net assets at year end

XI-1 Total revenue$81,239

XI-2 Total expenses$6,613

XI-3 Revenue less expenses$74,626

XI-4 Net assets at start of year$2,291,232

XI-10 Net assets at end of year$2,365,858

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Multi Ethnic Housing Corp

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Multi Ethnic Housing Corp

By the numbers

Filing history

Schedules filed Part IV