Nonprofit · EIN 42-1390688
FAMILY MANAGEMENT FINANCIAL SOLUTIONS INC
Tax-exempt (reinstated) · WATERLOO, IA 50701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $484,190 | $435,407 | $48,783 | $1,134,536 | $0 | $1,134,536 |
| December 31, 2024 | 990 | $348,480 | $499,330 | -$150,850 | $1,085,753 | $954,788 | $130,965 |
| December 31, 2023 | 990 | $524,021 | $498,890 | $25,131 | $1,396,828 | $1,115,013 | $281,815 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $482,747
- of which government grants
- $5,594
- Program service revenue
- $0
- Investment income
- $1,443
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $175,150
- Compensation of officers, directors and key employees
- $93,820
- Other salaries and wages
- $91,436
- Salaries, compensation and benefits (total)
- $199,428
- Professional fundraising fees
- $0
- Accounting fees
- $4,453
- Occupancy
- $14,340
- Travel
- $357
- Program services (functional)
- $435,407
Balance sheet and other
- Total assets, start of year
- $1,085,753
- Total assets, end of year
- $1,134,536
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,134,536
- Land, buildings and equipment
- $15,640
- Net assets without donor restrictions
- $1,134,536
- Gross receipts
- $484,190
- Employees
- 6
- Year formed
- 1992
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATY WALER | EXECUTIVE DIRECTOR Officer | 50 | $93,820 |
| TAMMY GREEN | PRESIDENT Trustee or director, Officer | 0 | $0 |
| LAUREN PRUGH | TREASURER Trustee or director, Officer | 5 | $0 |
| EMILY KERR | DIRECTOR Trustee or director | 5 | $0 |
| TERESE EVANS | SECRETARY Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATY HACKETT | EXECUTIVE DI Officer | 50 | $89,100 |
| TAMMY GREEN | PRESIDENT Trustee or director, Officer | 5 | $0 |
| LAUREN PRUGH | TREASURER Trustee or director, Officer | 5 | $0 |
| EMILY KERR | DIRECTOR Trustee or director | 1 | $0 |
| TERESE EVANS | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATY HACKETT | EXECUTIVE DI Officer | 50 | $90,023 |
| JOHN GIANOLA | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TAMMY GREEN | SECRETARY Officer | 1 | $0 |
| LAUREN PRUGH | TREASURER Trustee or director, Officer | 0.25 | $0 |
| EMILY KERR | DIRECTOR Trustee or director | 0.25 | $0 |
| TERESE EVANS | DIRECTOR Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 2310 FALLS AVE STE 4, WATERLOO, IA 50701-5737
- In care of
- % KATY MINARD
- Principal officer (990 for 2025)
- KATY WALER, 515 RIVERSIDE DR, WATERLOO, IA 507035547
- Signed the 990
- KATY MINARD, PRESIDENT
- Phone
- (319) 234-6695
- Return prepared by
- The Accounting Group LLC
Mission
TO STRENGTHEN OUR COMMUNITIES BY PROVIDING TOOLS AND RESOURCES FOR ACHIEVING PERSONAL STABILITY.
Program accomplishments
- CREDIT COUNSELING: TO PROVIDE ASSISTANCE TO THE COMMUNITY WITH FINANCIAL PROBLEMS THROUGH CREDIT AND DEBT COUNSELING. HOUSING COUNSELING: TO PROVIDE HOUSING AND LOSS MITIGATION COUNSELING TO EXISTING HOMEOWNERS, HOME OWNERSHIP OPPORTUNITIES, AND ANTT-PREDATORY LENDING ACITIVITIES TO INDIVIDUALS IN THE LOCAL COMMUNITIES. ALSO, TO PROVIDE REVERSE MORTGAGE COUNSELING TO INDIVIDUALS AGE 62 NATIONWIDE.Expenses $435,407 · revenue $302,450
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1390688
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $1,134,536
- Income (IRS master file)
- $484,190
Revocation and reinstatement
- Exemption revoked
- May 15, 2023
- Posted by the IRS
- August 14, 2023
- Reinstated
- Effective May 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $484,190 | $435,407 | $1,134,536 | XML |
| 990 | December 2024 | $348,480 | $499,330 | $1,085,753 | XML |
| 990 | December 2023 | $524,021 | $498,890 | $1,396,828 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1390688).
Questions about FAMILY MANAGEMENT FINANCIAL SOLUTIONS INC
- What is the EIN of FAMILY MANAGEMENT FINANCIAL SOLUTIONS INC?
- The employer identification number (EIN) of FAMILY MANAGEMENT FINANCIAL SOLUTIONS INC is 42-1390688.
- Is FAMILY MANAGEMENT FINANCIAL SOLUTIONS INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
- Are donations to FAMILY MANAGEMENT FINANCIAL SOLUTIONS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAMILY MANAGEMENT FINANCIAL SOLUTIONS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FAMILY MANAGEMENT FINANCIAL SOLUTIONS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FAMILY MANAGEMENT FINANCIAL SOLUTIONS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FAMILY MANAGEMENT FINANCIAL SOLUTIONS INC?
- The 990 for the year ended December 31, 2025 names KATY WALER.
- Who are the officers and directors of FAMILY MANAGEMENT FINANCIAL SOLUTIONS INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $93,820 (KATY WALER, EXECUTIVE DIRECTOR).
- How much revenue does FAMILY MANAGEMENT FINANCIAL SOLUTIONS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $484,190, expenses of $435,407 and total assets of $1,134,536 at year end.
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