Nonprofit · EIN 02-0626104
CALLOWAY STREET ONE INC
Tax-exempt · SALISBURY, MD 21801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $78,302 | $100,620 | -$22,318 | $854,105 | $1,366,024 | -$511,919 |
| June 30, 2024 | 990 | $73,173 | $109,842 | -$36,669 | $898,670 | $1,388,271 | -$489,601 |
| June 30, 2023 | 990 | $73,062 | $89,705 | -$16,643 | $893,503 | $1,346,435 | -$452,932 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $40,488
- of which government grants
- $40,488
- Program service revenue
- $37,138
- Investment income
- $676
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,311
- Occupancy
- $20,943
- Depreciation
- $27,094
- Program services (functional)
- $91,531
- Management and general (functional)
- $9,089
Balance sheet and other
- Total assets, start of year
- $898,670
- Total assets, end of year
- $854,105
- Total liabilities, end of year
- $1,366,024
- Net assets, end of year
- -$511,919
- Land, buildings and equipment
- $609,081
- Net assets without donor restrictions
- -$511,919
- Gross receipts
- $78,302
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2001
- State of legal domicile
- MD
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JOYCE SCHULDT | CFO Trustee or director, Officer | 1 | $0 | $229,717 |
| DIMITRIOS CAVATHAS | CEO Trustee or director, Officer | 1 | $0 | $222,694 |
| PAM KARPIN | CHRO Trustee or director, Officer | 1 | $0 | $124,458 |
| MEGAN MULLER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KATHIE WRIGHT | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| LISA RINNIER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| AMY GONZALES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JEAN BLISH SIERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEAL STAMP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANNON SANDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KUTRESA LANKFORD-PURNELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN GEARHART | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DIMITRIOS CAVATHAS | CEO Trustee or director, Officer | 1 | $0 | $253,194 |
| JOYCE SCHULDT | CFO Trustee or director, Officer | 1 | $0 | $236,429 |
| PAM KARPIN | CHRO Trustee or director, Officer | 1 | $0 | $154,561 |
| MEGAN MULLER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KATHIE WRIGHT | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| LISA RINNIER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| AMY GONZALES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JEAN BLISH SIERS | DIRECTOR (EFF 1/1/23) Trustee or director | 1 | $0 | $0 |
| NEAL STAMP | DIRECTOR (EFF 1/1/23) Trustee or director | 1 | $0 | $0 |
| SHANNON SANDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KUTRESA LANKFORD-PURNELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN GEARHART | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DIMITRIOS CAVATHAS | CEO Trustee or director, Officer | 1 | $0 |
| JOYCE SCHULDT | CFO Trustee or director, Officer | 1 | $0 |
| PAM KARPIN | CHRO Trustee or director, Officer | 1 | $0 |
| MEGAN MULLER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KATHIE WRIGHT | TREASURER Trustee or director, Officer | 1 | $0 |
| LISA RINNIER | SECRETARY Trustee or director, Officer | 1 | $0 |
| AMY GONZALES | PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| SABRINA BLEECH | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT HOOPER | DIRECTOR Trustee or director | 1 | $0 |
| SHANNON SANDS | DIRECTOR Trustee or director | 1 | $0 |
| KUTRESA LANKFORD-PURNELL | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN GEARHART | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 208 E MAIN STREET SUITE C, SALISBURY, MD 21801-4923
- In care of
- % RICHARD BEARMAN
- Principal officer (990 for 2024)
- JOYCE SCHULDT, 208 E MAIN STREET SUITE C, SALISBURY, MD 21802
- Signed the 990
- JOYCE SCHULDT, CFO
- Phone
- (410) 546-0381
- Return prepared by
- EAG AFFORDABLE HOUSING LLC
Mission
TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT.
Program accomplishments
- CALLOWAY STREET ONE, INC. (THE CORPORATION) WAS FORMED IN DECEMBER 2001, UNDER THE LAWS OF THE STATE OF MARYLAND, FOR THE PURPOSE OF OWNING A 10-UNIT APARTMENT COMMUNITY (CALLOWAY STREET ONE), LOCATED IN WICOMICO COUNTY, MARYLAND. THE PROJECT IS OPERATED UNDER THE PROVISIONS OF SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959, AS AMENDED. UNDER THE REGULATORY AGREEMENT, THE CORPORATION MAY NOT INCREASE RENTS CHARGED TO TENANTS WITHOUT PRIOR APPROVAL FROM HUD.Expenses $91,531 · revenue $37,138
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0626104
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $854,105
- Income (IRS master file)
- $78,302
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $78,302 | $100,620 | $854,105 | XML |
| 990 | June 2024 | $73,173 | $109,842 | $898,670 | IRS |
| 990 | June 2023 | $73,062 | $89,705 | $893,503 | XML |
| 990 | June 2022 | $72,963 | $89,527 | $903,132 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 02-0626104).
Questions about CALLOWAY STREET ONE INC
- What is the EIN of CALLOWAY STREET ONE INC?
- The employer identification number (EIN) of CALLOWAY STREET ONE INC is 02-0626104.
- Is CALLOWAY STREET ONE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to CALLOWAY STREET ONE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CALLOWAY STREET ONE 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 CALLOWAY STREET ONE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CALLOWAY STREET ONE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CALLOWAY STREET ONE INC?
- The 990 for the year ended June 30, 2025 names JOYCE SCHULDT.
- Who are the officers and directors of CALLOWAY STREET ONE INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does CALLOWAY STREET ONE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $78,302, expenses of $100,620 and total assets of $854,105 at year end.
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