Project Go INC FY2023 filing

Tax-deductible

Roseville, CA501(c)(3)HousingEIN 94-2540268Revenue $5.5M in FY2023

On file with the IRSprojectgoinc.org801 Vernon St, 95678-3149 · Roseville, CATax-exempt since Jan 1979Publicly supported charity — 170(b)(1)(A)(vi)

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Project GO, Inc. was founded on a vision of assisting low-income residents in the area of energy conservation in 1978, and is at the forefront of the affordable housing crisis in our communities, having provided decent affordable housing since 1995.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$1.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
5 of 5
filings with a surplus
Average surplus $535K a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $99K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$252K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.5M
-12% vs prior year
Spent
$4.9M
To programs
98%
Net assets
$5.8M
By yearFY2020–FY2024
Revenue
$5.5M
FY2023▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.6M
FY2021$4.4M
FY2022$6.2M
FY2023$5.5M
FY2024$5.1M
Expenses
$4.9M
FY2023▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.8M
FY2021$4.1M
FY2022$5.7M
FY2023$4.9M
FY2024$4.6M
Net assets
$5.8M
FY2023▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.4M
FY2021$4.7M
FY2022$5.2M
FY2023$5.8M
FY2024$6.3M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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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 Jan 1979.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $4.8M Management & general 2% · $121K

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

20 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$232,600Pt VII · Sec A
Housing Director
$223,540Pt VII · Sec A
Csbg Program Dir
$206,228Pt VII · Sec A
Fiscal Director
$189,077Pt VII · Sec A
Office Manager/HR
$165,508Pt VII · Sec A
Energy Program COO
$146,127Pt VII · Sec A
Energy Program Mgr
$113,146Pt VII · Sec A
Energy Program Ass
$108,152Pt VII · Sec A

Lynda Timbers’s $253K as Executive Dir. is at the 94th percentile of top reported officer pay among 2036 $1–10M housing 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.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lynda Timbers$252,595$232,600$213,365——
Mark Sheppard$233,034$223,540$206,780$210,651$180,982
Paul Gunther$204,994$189,077$173,777$217,017$149,553
Matthew Timbers$210,077$206,228$187,860$156,715$136,410
Jennifer Durbin———$187,953$193,109
Lynda J Timbers————$188,512
Kirsten Timbers$183,776$165,508$152,061$147,798$127,049
David Hays$139,720$146,127$139,550$119,680$119,590

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Project Go 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides energy conservation help and affordable housing for low-income residents.

Provided by the organization

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3 programs · $4.8M · in their own filed words · FY2023
01

Improve Home Energy ConservationPGI Weatherization Services play a critical role in helping our low-income clients to reduce their energy burden. The staff of our Energy Program work year-round to insulate attics and doors, replace old windows, heaters, water heaters refrigerators and other appliances, and install other conservation…

$4.1Mprogram expense
02

Empower People at Risk and in Poverty to Become Self-SufficientPGI was designated as the Placer County Community Action Agency (CAA) in 2013, which provided a guaranteed allocation of Community Services Block Grant (CSBG) funding. The Placer County CAA was previously under the Placer County Health and Human Services Dept.

$418Kprogram expense
03

Develop, Build and Manage Affordable HousingProject GO, Inc. (PGI) began our foray into the affordable housing development realm in 1990, and we fulfilled the Managing General Partner (MGP) role in the development of over a dozen apartment communities, comprised of over 1,100 apartment units between 1990-2005.

$314Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 2 funders$99K
Grants paid · 30 grants · $1.2M · 2020–2024
Crisis Intervention ServicesNV · FY2024$50,000
Sierra Senior ServicesCA · FY2024$25,931
Volunteers of AmericaCA · FY2023$90,390
Crisis Intervention ServicesNV · FY2023$47,819
Sierra Senior ServicesCA · FY2023$35,000
Child AdvocatesCA · FY2022$45,000
Sierra Senior ServicesCA · FY2022$35,000
Volunteers of AmericaCA · FY2022$29,781
Crisis Intervention ServicesNV · FY2022$11,201
See all 30 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$5.5M
Ln 12
Gifts and grantsLn 1h$4.5M
Fees for servicesLn 2g$832K
Investment incomeLn 3$114K
Money outPt IX
$4.9M
Ln 25
Programscol B$4.8M
Managementcol C$121K
Owns and owesPt X
$5.8M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$6.0M
LiabilitiesLn 26$252K
PeoplePt VI, VII
20
listed · VII A
PaidVII A8
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.5M
Government grantsLn 1e$4.5M
Fees for servicesLn 2g$832K
Investment incomeLn 3$114K
Gains on assetsLn 7$0
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
CashLn 1$2.1M
SavingsLn 2$0
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$475K
Land, buildings, equipmentLn 10c$262K
Other assetsLn 15$177K
Total assetsLn 16$6.0M
LiabilitiesLn 26$252K
Net assetsLn 32$5.8M
OperationsPt I, VI
EmployeesI 534
VolunteersI 612
Fiscal year endsHeaderDecember
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$2.0M$2.1M
InvestmentsLn 11–13$429K$475K
Land, buildings, equipmentLn 10c$345K$262K
Total assetsLn 16$5.7M$6.0M
LiabilitiesLn 26$460K$252K
Net assetsLn 32$5.2M$5.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$235K$235K
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$925K$920K$6K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.2M$1.2M$8K
Pension plan contributionsLn 8$36K$36K
Other employee benefitsLn 9$176K$175K$95
Payroll taxesLn 10$123K$122K$565
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$32K$32K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$700K$700K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$88K$87K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$69K$59K$10K
TravelLn 17$10K$9K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$23K$23K
InterestLn 20$534$534
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$88K$88K
InsuranceLn 23$74K$74K
Other expenses (24a–d)Ln 24$1.0M$1.0M
All other expensesLn 24e$173K$168K$5K
Total functional expensesLn 25$4.9M$4.8M$121K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.1M$4.6M$535K$6.3M 990 PDF
FY2023 Viewing $5.5M$4.9M$550K$5.8M 990 PDF
FY2022 $6.2M$5.7M$556K$5.2M 990 PDF
FY2021 $4.4M$4.1M$223K$4.7M 990 PDF
FY2020 $4.6M$3.8M$811K$4.4M 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 (6 parts)
Part I · Summary $5,481,275 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,394,461$4,535,915
I-9 Program service revenuePrior year $865,840$831,686
I-10 Investment incomePrior year −$15,891$113,674
I-11 Other revenue$0
I-12 Total revenuePrior year $6,244,410$5,481,275
I-13 Grants and similar amounts paidPrior year $214,435$235,209
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,235,097$2,428,990
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,238,514$2,266,820
I-18 Total expensesPrior year $5,688,046$4,931,019
I-19 Revenue less expensesPrior year $556,364$550,256
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
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 $5,481,275 across 10 lines filed
VIII-1e Government grants$4,495,915
VIII-1f All other contributions, gifts and grants$40,000
VIII-1h Total contributions, gifts and grants$4,535,915
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $831,686$831,686
VIII-3 Investment incomeExcluded from tax $113,674$113,674
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-12 Total revenueRelated to mission $831,686 · Excluded from tax $113,674$5,481,275
Part IX · Statement of functional expenses $4,931,019 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $235,209$235,209
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 staffPrograms $919,525 · Management $5,708$925,233
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,161,851 · Management $7,832$1,169,683
IX-8 Pension plan contributionsPrograms $35,965$35,965
IX-9 Other employee benefitsPrograms $175,486 · Management $95$175,581
IX-10 Payroll taxesPrograms $121,963 · Management $565$122,528
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $31,500$31,500
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $699,685$699,685
IX-12 Advertising and promotionPrograms $1,189$1,189
IX-13 Office expensesPrograms $86,648 · Management $1,211$87,859
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $59,407 · Management $10,000$69,407
IX-17 TravelPrograms $8,687 · Management $1,092$9,779
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $22,685$22,685
IX-20 InterestManagement $534$534
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $88,420$88,420
IX-23 InsurancePrograms $74,375$74,375
IX-24 Other expenses (24a–d)Programs $1,008,017$1,008,017
IX-24e All other expensesPrograms $167,920 · Management $5,450$173,370
IX-25 Total functional expensesPrograms $4,810,112 · Management $120,907 · Fundraising $0$4,931,019
Part X · Balance sheet $6,029,714 assets, 18 lines filed
Asset lines not itemized here account for $1,656,500; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,005,472$2,086,149
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $899,264$1,031,187
X-8 Inventories for sale or useStart of year $196,544$287,167
X-9 Prepaid expenses and deferred chargesStart of year $46,996$55,737
X-10c Land, buildings and equipment, netStart of year $344,868$261,756
X-11 Publicly traded securitiesStart of year $429,456$474,525
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $67,082$176,693
X-16 Total assetsStart of year $5,687,146$6,029,714
X-17 Accounts payable and accrued expensesStart of year $326,149$252,206
X-26 Total liabilitiesStart of year $459,894$252,206
X-27 Net assets without donor restrictionsStart of year $5,227,252$5,777,508
X-32 Total net assets or fund balancesStart of year $5,227,252$5,777,508
X-33 Total liabilities and net assetsStart of year $5,687,146$6,029,714
Part XI · Reconciliation of net assets $5,777,508 net assets at year end
XI-1 Total revenue$5,481,275
XI-2 Total expenses$4,931,019
XI-3 Revenue less expenses$550,256
XI-4 Net assets at start of year$5,227,252
XI-10 Net assets at end of year$5,777,508

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

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