FIFTH STREET HIGHRISE INC Charity Report

Public IRS 990 nonprofit record

FIFTH STREET HIGHRISE INC

EIN 61-0734695 · Housing & Shelter (L210)

What they do

A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES of THE STATE of KENTUCKY. THE CORPORATION WASORGANIZED AS A NONPROFIT ORGANIZATION to ACQUIRE, OWN, CONSTRUCT ANDOPERATE J.O. BLANTON HOUSE, A 258-UNIT APARTMENT COMPLEX IN LOUISVILLE,KENTUCKY. THE CORPORATION RECEIVES HOUSING ASSISTANCE PAYMENTS FROMTHE U.S. DEPARTMENT of HOUSING and URBAN DEVELOPMENT PURSUANT TOSECTION 236 of THE NATIONAL HOUSING ACT, AS AMENDED. ON OCTOBER 19,2018, THE PROPERTY SOLD to JO BLANTON AFFORDABLE LIMITED PARTNERSHIP.FIFTH STREET HIGHRISE INC. NOW FUNDS THE PROJECT THROUGH A SELLERCARRYBACK LOAN, and is THE MANAGING MEMBER of FIFTH STREET HOUSING GP,LLC. FIFTH STREET HOUSING GP, LLC is THE GENERAL PARTNER of JO BLANTONAFFORDABLE LIMITED PARTNERSHIP. THE MAIN PURPOSE of FIFTH STREETHIGHRISE INC. GOING FORWARD WILL BE to SERVE AS A FINANCING ARM of THELOW INCOME PROJECT NOW OWNED BY JO BLANTON AFFORDABLE LIMITEDPARTNERSHIP.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $0.00 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 leaders8 people are listed in the latest report.

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

Money made simple

$42.50spent for every $100 of revenueRevenue covered expenses this year.

42.50%of revenue went to management and office costs100.0% of expenses

$11,136.53in assets for every $1 spent this yearSome assets cannot be spent right away.

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

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.

$100revenue

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$3,200

Mission workProgram services0.00% of revenue0.0% of expenses

ManagementOffice and general costs$1,36042.50% of revenue100.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$1,84057.50% of revenueShown in gray on the chart

Total expenses$1,36042.50% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 42.50% of revenue

2023Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 62.25% of revenue

2021Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 6.95% of revenue

2020Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 2.84% of revenue

2017Expense mix: 85.1% mission · 14.9% management · 0.0% fundraisingTotal expenses: 83.52% of revenue

2016Expense mix: 86.1% mission · 13.9% management · 0.0% fundraisingTotal expenses: 84.15% of revenue

Money in and money out

Revenue$3,200

Expenses$1,360

Annual surplus $1,840 Revenue was higher than expenses 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.

Management and office costs$1,360 · 100.0% of expenses

See all reported dollar amounts

Revenue$3,200

Expenses$1,360

Assets$15,145,674

Income$3,200

Management and general$1,360

People

Leadership and board

Tax year 2024

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

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (8)

ADOLPH THOMPKINSDIRECTOR

ARNED ARTERDIRECTOR

CECIL BROOKINSPRESIDENT

CHARLES V PIPHUS JRSECRETARY

JAMES MACKDIRECTOR

LAURICE SHERRERDIRECTOR

LAWRENCE DULINVICE PRESIDENT

MICHAEL BRANCHDIRECTOR

About this charity

Recognized since: January 1979
Location: 850 WEST MUHAMMED ALI BLVD, LOUISVILLE, KY 40203-1891
County: Jefferson
In care of: % TESCO PROPERTIES INC
Primary officer: CECIL BROOKINS, CHAIRMAN

How to reach them

Phone(502) 587-1259

Filing and classification

Latest tax year: 2024
Tax period began: March 1, 2024
Return type: 990
Tax preparer: GRANDIZIO WILKINS LITTLE & MATTHEWS
NTEE classification: Housing & Shelter (L210)
IRS tax category: Other Community Housing Services