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RICHARD WALZ APARTMENTS INC

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Public IRS 990 nonprofit record

RICHARD WALZ APARTMENTS INC

EIN 26-4592409 · Residential Mental Health Treatment (F33)

What they do

RICHARD WALZ APARTMENTS, INC. (THE ORGANIZATION) is A TEN BED RESIDENTIAL FACILITY, WITH NINE SUBSIDIZED UNITS. THE ORGANIZATIONS PROJECT PROVIDES SUPPORTIVE HOUSING for PERSONS WITH CHRONIC MENTAL HEALTH DISABILITIES. THE FACILITY is LOCATED IN JEFFERSON CITY, MISSOURI. THE ORGANIZATIONS PROJECT is OPERATED UNDER SECTION 811 of THE NATIONAL AFFORDABLE HOUSING ACT and REGULATED BY THE U.S. DEPARTMENT of HOUSING and URBAN DEVELOPMENT (HUD) WITH RESPECT to RENTAL CHARGES and OPERATING METHODS. THE ORGANIZATIONS MAJOR PROGRAM is ITS SECTION 811 CAPITAL ADVANCE and THE RELATED PROJECT RENTAL ASSISTANCE CONTRACT (PRAC).

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $68.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

111.14%of revenue went to mission work68.6% of expenses · Program services
$161.97spent for every $100 of revenueSpending was higher than revenue this year.
50.83%of revenue went to management and office costs31.4% of expenses
$8.72in assets for every $1 spent this yearSome assets cannot be spent right away.
55.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $41,603 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $12,893 for ANDREA CHEUNG (SECRETARY). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$67,135
Mission workProgram services$74,613111.14% of revenue68.6% of expenses
ManagementOffice and general costs$34,12550.83% of revenue31.4% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$108,738161.97% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 68.6% mission · 31.4% management · 0.0% fundraisingTotal expenses: 161.97% of revenue
2023Expense mix: 66.1% mission · 33.9% management · 0.0% fundraisingTotal expenses: 119.94% of revenue
2022Expense mix: 67.8% mission · 32.2% management · 0.0% fundraisingTotal expenses: 139.79% of revenue
2021Expense mix: 68.1% mission · 31.9% management · 0.0% fundraisingTotal expenses: 140.57% of revenue
2020Expense mix: 65.9% mission · 34.1% management · 0.0% fundraisingTotal expenses: 142.16% of revenue
2019Expense mix: 64.8% mission · 35.2% management · 0.0% fundraisingTotal expenses: 140.88% of revenue
2018Expense mix: 68.0% mission · 32.0% management · 0.0% fundraisingTotal expenses: 147.10% of revenue
2017Expense mix: 76.5% mission · 23.5% management · 0.0% fundraisingTotal expenses: 204.98% of revenue

Money in and money out

Revenue$67,135
Expenses$108,738
Annual shortfall $41,603 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$74,613 · 68.6% of expenses
Management and office costs$34,125 · 31.4% of expenses
See all reported dollar amounts
Revenue$67,135
Expenses$108,738
Assets$948,064
Income$67,135
Contributions$37,199
Mission work (program services)$74,613
Management and general$34,125
Accounting fees$5,231
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
ANDREA CHEUNGSECRETARY $12,893Base · Other $12,893
CHI CHEUNGPRESIDENT $7,395Base · Other $7,395

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (6)

ANDREA CHEUNGSECRETARY

CHI CHEUNGPRESIDENT

CANDACE TREATDIRECTOR

GREG BOWMANDIRECTOR

JEREMY CHEUNGDIRECTOR

STEPHEN BUCHHOLZDIRECTOR

About this charity

Recognized since
January 2009
Location
2013 WILLIAM STREET, JEFFERSON CITY, MO 65109-4771
County
Cole
In care of
% NEW HORIZONS COMMUNITY SUPP SERV
Primary officer
ANDREA CHEUNG, SECRETARY

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
JAMES R MCGINNIS CPA
NTEE classification
Residential Mental Health Treatment (F33)
IRS tax category
Residential Mental Health Treatment

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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