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EXCHANGE SUNSHINE HOME CORPORATION

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Tax-exempt status may be revoked

EXCHANGE SUNSHINE HOME CORPORATION

EIN 74-2503025 · Senior Citizens Housing & Retirement Communities (L22)

What they do

THE ORGANIZATION PROVIDES AFFORDABLE HOUSING to QUALIFIED LOW INCOME ELDERLY and DISABLED INDIVIDUALS.

Before you give

Should I give to this charity?

Easy charity check
Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

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 checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2023The report may be old. Ask for a newer one.

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

They name their leaders13 people are listed in the latest report.

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

Money made simple

128.86%of revenue went to mission work100.0% of expenses · Program services
$128.86spent for every $100 of revenueSpending was higher than revenue this year.
$1.96in assets for every $1 spent this yearSome assets cannot be spent right away.
38.9%of its money came from giftsOther money may come from services or investments.

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  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 $72,824 this year. Ask whether that was planned or caused by a one-time event.

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 2023

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$252,343
Mission workProgram services$325,167128.86% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$325,167128.86% 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
2023CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 128.86% of revenue
2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 119.07% of revenue
2020Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 127.16% of revenue
2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 123.96% of revenue
2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 114.91% of revenue
2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 113.72% of revenue
2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 107.86% of revenue

Money in and money out

Revenue$252,343
Expenses$325,167
Annual shortfall $72,824 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)$325,167 · 100.0% of expenses
See all reported dollar amounts
Revenue$252,343
Expenses$325,167
Assets$636,012
Income$252,343
Contributions$98,260
Mission work (program services)$325,167
Accounting fees$7,600
People

Leadership and board

Tax year 2023

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 (13)

DENNIS WEBSTERTRUSTEE

DR JOE BURNSTRUSTEE

INEZ FAISONMANAGING AGE

LISA KUBALATREASURER

LORRAINE FRENCHTRUSTEE

MELODY SQUIRESTRUSTEE

MIKE BLOUNTVICE CHAIRMA

PAUL INMANCHAIRMAN

ROBERT MARTINTRUSTEE

RUTH INMANTRUSTEE

SANDRA WEBSTERTRUSTEE

SHARON TABORTRUSTEE

TAMI MARTINSECRETARY

About this charity

Recognized since
January 2013
Location
1103 LEONHARD STREET, COPPERAS COVE, TX 76522-3675
County
Coryell
In care of
INEZ FAISON
Primary officer
INEZ FAISON, MANAGING AGENT

How to reach them

Filing and classification

Latest tax year
2023
Tax period began
January 1, 2023
Return type
990
Tax preparer
ELIZABETH A MILES CPA
NTEE classification
Senior Citizens Housing & Retirement Communities (L22)
IRS tax category
Senior Citizens Housing & Retirement Communities
Revocation date
May 15, 2011

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

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