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IRS Form 990 for 2021 detailing YES HOUSING OF ARIZONA, INC.\'s financial performance, mission, and governance. Focus on affordable housing for families.
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What is form 990?
Form 990 is an annual reporting return that organizations exempt from income tax under Internal Revenue Code Section 501(c) must file with the IRS. It provides the IRS and the public with information about the organization's mission, programs, and finances.
Who is required to file form 990?
Organizations that are tax-exempt under the Internal Revenue Code, such as charitable organizations, private foundations, and certain other non-profit entities, are required to file Form 990, unless they fall under specific exemptions based on their size or type.
How to fill out form 990?
To fill out Form 990, organizations must gather financial information, details about their programs, governance structure, and any other required disclosures. The form can be completed using paper forms or electronically through tax-preparation software or IRS e-file services.
What is the purpose of form 990?
The purpose of Form 990 is to provide transparency and accountability for tax-exempt organizations. It helps the IRS ensure compliance with tax regulations and provides valuable information to donors, grant makers, and the general public about the financial health and activities of non-profits.
What information must be reported on form 990?
Form 990 requires organizations to report financial statements, revenue, expenses, compensation for highest-paid employees, details of governance and management, program activities, and compliance with public support tests, among other information.
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