Progress Apartments INC FY2020 filing

Tax-deductible

San Francisco, CA501(c)(3)EIN 94-3083025Revenue $197K in FY2020

On file with the IRS368 Fell St, 94102-5144 · San Francisco, CATax-exempt since Oct 1993Publicly supported charity — 170(b)(1)(A)(vi)

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To provide subsidized low cost housing for low income individuals with mental disailities.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
5 of 5
filings with a surplus
Average surplus $26K a year · 13% 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$622K
168% of total assets
Concern: liabilities are 168% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$197K
Spent
$188K
To programs
96%
Net assets
−$253K
By yearFY2020–FY2025
Revenue
$197K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$197K
FY2021$200K
FY2023$210K
FY2024$215K
FY2025$223K
Expenses
$188K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$188K
FY2021$161K
FY2023$174K
FY2024$206K
FY2025$185K
Net assets
−$253K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$253K
FY2021−$213K
FY2023−$158K
FY2024−$149K
FY2025−$111K

From the FY2020 Form 990 (year ending June 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Oct 1993.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $179K Management & general 4% · $8K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Bd Member
$0Pt VII · Sec A
Bd Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Bd Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Progress Apartments 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 housing to low-income individuals with mental disabilities.

Provided by the organization

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1 program · in their own filed words · FY2019
01

To provide low cost subsidized housing for low income individuals with mental disabilities.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$197K
Ln 12
Fees for servicesLn 2g$197K
Investment incomeLn 3$16
Money outPt IX
$188K
Ln 25
Programscol B$179K
Managementcol C$8K
Owns and owesPt X
−$253K
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$369K
LiabilitiesLn 26$622K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$197K
Investment incomeLn 3$16
Total revenueLn 12$197K
Assets in detailPt X, end of year
CashLn 1$26K
Cash and savings togetherLn 1–2$26K
Land, buildings, equipmentLn 10c$266K
Other assetsLn 15$73K
Total assetsLn 16$369K
LiabilitiesLn 26$622K
Net assetsLn 32−$253K
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
LineStart FY20End FY20
Cash and savingsLn 1–2$8K$26K
Land, buildings, equipmentLn 10c$289K$266K
Total assetsLn 16$371K$369K
LiabilitiesLn 26$632K$622K
Net assetsLn 32−$262K−$253K
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$31K$31K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$9K$9K
Payroll taxesLn 10$2K$2K
Management feesLn 11a$4K$4K
Legal feesLn 11b$163$163
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$9K$9K
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$0
InterestLn 20$47K$47K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$23K$23K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$43K$43K
All other expensesLn 24e$0
Total functional expensesLn 25$188K$179K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $223K$185K$38K−$111K 990 PDF
FY2024 $215K$206K$9K−$149K 990 PDF
FY2023 $210K$174K$37K−$158K 990 PDF
FY2022 Not on file
FY2021 $200K$161K$39K−$213K 990 PDF
FY2020 Viewing $197K$188K$9K−$253K 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 FY2020 990 (6 parts)
Part I · Summary $196,574 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $173,168$196,558
I-10 Investment incomePrior year $20$16
I-11 Other revenue$0
I-12 Total revenuePrior year $173,188$196,574
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $32,397$40,827
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $154,777$146,831
I-18 Total expensesPrior year $187,174$187,658
I-19 Revenue less expensesPrior year −$13,986$8,916
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $196,574 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $196,558$196,558
VIII-3 Investment incomeRelated to mission $16$16
VIII-12 Total revenueRelated to mission $196,574$196,574
Part IX · Statement of functional expenses $187,658 across 30 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 $30,535$30,535
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $8,746$8,746
IX-10 Payroll taxesPrograms $1,546$1,546
IX-11a Management feesPrograms $4,464$4,464
IX-11b Legal feesPrograms $163$163
IX-11c Accounting feesManagement $8,325$8,325
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $8,759$8,759
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 meetings$0
IX-20 InterestPrograms $47,196$47,196
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $22,840$22,840
IX-23 InsurancePrograms $11,845$11,845
IX-24 Other expenses (24a–d)Programs $43,239$43,239
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $179,333 · Management $8,325 · Fundraising $0$187,658
Part X · Balance sheet $369,036 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $8,234$26,327
X-4 Accounts receivableStart of year $1,127$470
X-9 Prepaid expenses and deferred chargesStart of year $3,000$3,391
X-10c Land, buildings and equipment, netStart of year $289,172$266,332
X-15 Other assetsStart of year $69,032$72,516
X-16 Total assetsStart of year $370,565$369,036
X-17 Accounts payable and accrued expensesStart of year $21,435$37,711
X-25 Other liabilitiesStart of year $75,228$69,392
X-26 Total liabilitiesStart of year $632,222$621,777
X-27 Net assets without donor restrictionsStart of year −$261,657−$252,741
X-32 Total net assets or fund balancesStart of year −$261,657−$252,741
X-33 Total liabilities and net assetsStart of year $370,565$369,036
Part XI · Reconciliation of net assets −$252,741 net assets at year end
XI-1 Total revenue$196,574
XI-2 Total expenses$187,658
XI-3 Revenue less expenses$8,916
XI-4 Net assets at start of year−$261,657
XI-10 Net assets at end of year−$252,741

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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