Route 2 Imogene Housing INC

IRS exemption revoked

Orange, CAUnknown exempt organizationEIN 95-3752175Revenue −$259K in FY2021

On file with the IRS1507 W Yale Avenue · Orange, CA

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To provide low income housing to families and individuals of the community it serves.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $174K a year · 646% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$259K
-183% vs prior year
Spent
$117K
To programs
100%
Net assets
$134K
By yearFY2020–FY2021
Revenue
−$259K
FY2021▼ -183%
Tap a bar for its year
Revenue by fiscal year
FY2020$313K
FY2021−$259K
Expenses
$117K
FY2021▼ -59%
Tap a bar for its year
Expenses by fiscal year
FY2020$285K
FY2021$117K
Net assets
$134K
FY2021▼ -74%
Tap a bar for its year
Net assets by fiscal year
FY2020$507K
FY2021$134K

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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% · $117K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
See Route 2 Imogene Housing 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

Builds and provides affordable homes for low-income families and individuals.

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Provided by the organization

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1 program · $117K · in their own filed words · FY2020
01

The project leases its rental units to low and moderate income individuals in Los Angeles - HUD Program under Section 221(d)(3) and Section 8 (Housing Assistance Program)

$117Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
−$259K
Ln 12
Fees for servicesLn 2g$105K
Investment incomeLn 3$116
Money outPt IX
$117K
Ln 25
Programscol B$117K
Owns and owesPt X
$134K
net assets · Ln 32
Cash and savingsLn 1–2$59K
Total assetsLn 16$134K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$105K
Investment incomeLn 3$116
Gains on assetsLn 7−$367K
Total revenueLn 12−$259K
Assets in detailPt X, end of year
CashLn 1$59K
SavingsLn 2$0
Cash and savings togetherLn 1–2$59K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$75K
Total assetsLn 16$134K
LiabilitiesLn 26$0
Net assetsLn 32$134K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$10K$59K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$673K$0
Total assetsLn 16$814K$134K
LiabilitiesLn 26$306K$0
Net assetsLn 32$507K$134K
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$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$6K$6K
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$837$837
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$3K$3K
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$8K$8K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$32K$32K
All other expensesLn 24e$23K$23K
Total functional expensesLn 25$117K$117K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing −$259K$117K−$376K$134K 990 PDF
FY2020 $313K$285K$28K$507K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary −$259,406 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $310,516$104,719
I-10 Investment incomePrior year $384−$367,117
I-11 Other revenuePrior year $2,422$2,992
I-12 Total revenuePrior year $313,322−$259,406
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 $285,384$116,708
I-18 Total expensesPrior year $285,384$116,708
I-19 Revenue less expensesPrior year $27,938−$376,114
Part VI · Governance 2 of 2 board members independent, 3 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue −$259,406 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $104,719$104,719
VIII-3 Investment incomeRelated to mission $116$116
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission −$367,233−$367,233
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,992$2,992
VIII-12 Total revenueRelated to mission −$259,406−$259,406
Part IX · Statement of functional expenses $116,708 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 wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $6,121$6,121
IX-11b Legal feesPrograms $12,011$12,011
IX-11c Accounting feesPrograms $837$837
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $2,584$2,584
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 $8,103$8,103
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $19,513$19,513
IX-23 InsurancePrograms $13,020$13,020
IX-24 Other expenses (24a–d)Programs $31,898$31,898
IX-24e All other expensesPrograms $22,621$22,621
IX-25 Total functional expensesPrograms $116,708 · Management $0 · Fundraising $0$116,708
Part X · Balance sheet $133,597 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $10,267$58,696
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $93$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $5,468$0
X-10c Land, buildings and equipment, netStart of year $672,720$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $8,796$0
X-15 Other assetsStart of year $116,244$74,901
X-16 Total assetsStart of year $813,588$133,597
X-26 Total liabilitiesStart of year $306,106$0
X-27 Net assets without donor restrictionsStart of year $507,482$133,597
X-32 Total net assets or fund balancesStart of year $507,482$133,597
X-33 Total liabilities and net assetsStart of year $813,588$133,597
Part XI · Reconciliation of net assets $133,597 net assets at year end
XI-1 Total revenue−$259,406
XI-2 Total expenses$116,708
XI-3 Revenue less expenses−$376,114
XI-4 Net assets at start of year$507,482
XI-9 Other changes in net assets$2,229
XI-10 Net assets at end of year$133,597

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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