Totals
- Total revenue
- $2,440,790
- Total expenses
- $848,561
- Contributions and grants received
- $28,130
- Grants paid
- $774,684
- Program service revenue
- $0
- Investment income
- $2,412,660
- Other revenue
- $0
- Total assets, end of year
- $15,841,541
- Total liabilities, end of year
- $322,582
- Net assets or fund balances, end of year
- $15,518,959
- Program services expenses (Part IX)
- $774,684
- Management and general expenses
- $73,877
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $774,684
Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$28,130
-
3 · Investment income
total $934,204 · excluded $934,204
-
7a · Gross sales of assets other than inventory
securities $6,069,904
-
7b · Less cost or other basis and sales expenses
securities $4,591,448
-
7c · Gain or loss
securities $1,478,456
-
7d · Net gain or loss
total $1,478,456 · excluded $1,478,456
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $774,684 · program services $774,684
-
11c · Fees: accounting
total $6,700 · management and general $6,700
-
11f · Fees: investment management
total $67,177 · management and general $67,177
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $93,153 · end of year $10,198
-
11 · Investments: publicly traded securities
beginning of year $14,715,616 · end of year $15,761,468
-
15 · Other assets
beginning of year $69,875 · end of year $69,875
-
17 · Accounts payable and accrued expenses
end of year $6,700
-
21 · Escrow or custodial account liability
beginning of year $6,241 · end of year $10,198
-
25 · Other liabilities
beginning of year $244,876 · end of year $305,684
-
27 · Net assets without donor restrictions
beginning of year $13,024,257 · end of year $13,735,421
-
28 · Net assets with donor restrictions
beginning of year $1,603,270 · end of year $1,783,538
Mission and programs · 2025
Mission
The Clarewood House Charitable Trust provides support to Clarewood House, Inc. by operating and managing endowment funds to be used for charitable purposes in which Clarewood House, Inc. engages.
Activities or mission (Part I)
The Clarewood House Charitable Trust provides support to Clarewood House, Inc.
-
The Clarewood House Charitable Trust helps support the Clarewood House mission of providing comfortable, secure apartment living for senior adults. Gifts made to the Trust also help expand the services and amenities that provide comfort and care to the residents.
Expenses $774,684 · Grants $774,684
As filed on the 2025 return.
Listed in Part VII
-
Richard Spaw
Chair
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jim Harrison
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Gary Maddox
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Patrick Pheifer
Executive Director
- Total calculated
- $385,294
- From this org
- $0
- From related orgs
- $352,998
- Other
- $32,296
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $304,257 related
- Bonus
- $0 + $48,741 related
- Other
- $0
- Deferred
- $0 + $19,996 related
- Nontaxable benefits
- $0 + $12,300 related
- Filer's total
- $0 + $385,294 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 3:
- The compensation package for the Executive Director of Clarewood House, Inc., is subject to Executive Committee review and approval to maintain reasonable compensation standards in line with market conditions. The Executive Committee approves the Executive Director's salary based on salary surveys.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$774,684
Resident assistance
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · Retirement Community · TX
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 29 July 2026
- IRS schema version
- 2025v4.2
- Source object
- 202602109349302105
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