Nonprofit · EIN 16-1620392
ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · COVINGTON, VA 24426
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $292,021 | $282,905 | $9,116 | $416,566 | $27,332 | $389,234 |
| June 30, 2024 | 990 | $194,537 | $134,453 | $60,084 | $371,011 | $15,893 | $355,118 |
| June 30, 2023 | 990 | $239,255 | $199,905 | $39,350 | $316,663 | $21,629 | $295,034 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $287,062
- of which government grants
- $225,000
- Program service revenue
- $0
- Investment income
- $4,959
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $49,932
- Salaries, compensation and benefits (total)
- $69,971
- Professional fundraising fees
- $0
- Travel
- $3,604
- Depreciation
- $3,942
- Program services (functional)
- $212,934
- Management and general (functional)
- $69,971
Balance sheet and other
- Total assets, start of year
- $371,011
- Total assets, end of year
- $416,566
- Total liabilities, end of year
- $27,332
- Net assets, end of year
- $389,234
- Land, buildings and equipment
- $7,884
- Net assets without donor restrictions
- $338,468
- Net assets with donor restrictions
- $50,766
- Gross receipts
- $292,021
- Employees
- 1
- Year formed
- 2001
- State of legal domicile
- VA
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 |
|---|---|---|---|
| ALLEN DRESSLER | CO-CHAIR Trustee or director | – | $0 |
| JAMES GRIFFITH | BOARD MEMBER Trustee or director | – | $0 |
| RAY LIPES | BOARD MEMBER Trustee or director | – | $0 |
| GREG MADSEN | BOARD MEMBER Trustee or director | – | $0 |
| KEN MCFADYEN | CHAIR Trustee or director, Officer | – | $0 |
| DR JOHN RAINONE | BOARD MEMBER Trustee or director | – | $0 |
| LEE ROE | BOARD MEMBER Trustee or director | – | $0 |
| TAMMY SCRUGGS-DUNCAN | BOARD MEMBER Trustee or director | – | $0 |
| TYLER SIZEMORE | DEPUTY DIREC Trustee or director | – | $0 |
| JOSH TAYLOR | EXECUTIVE DI Trustee or director | – | $0 |
| GINA TINGLER | BOARD MEMBER Trustee or director | – | $0 |
| CHUCK UNROE | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANCE CARSON | BOARD MEMBER Trustee or director | – | $0 |
| ALLEN DRESSLER | BOARD MEMBER Trustee or director | – | $0 |
| JAMES GRIFFITH | BOARD MEMBER Trustee or director | – | $0 |
| RAY LIPES | BOARD MEMBER Trustee or director | – | $0 |
| GREG MADSEN | BOARD MEMBER Trustee or director | – | $0 |
| DR JOHN RAINONE | BOARD MEMBER Trustee or director | – | $0 |
| LEE ROE | BOARD MEMBER Trustee or director | – | $0 |
| TAMMY SCRUGGS-DUNCAN | BOARD MEMBER Trustee or director | – | $0 |
| TYLER SIZEMORE | DEPUTY DIREC Trustee or director | – | $0 |
| JOSH TAYLOR | EXECUTIVE DI Trustee or director | – | $0 |
| GINA TINGLER | BOARD MEMBER Trustee or director | – | $0 |
| CHUCK UNROE | BOARD MEMBER Trustee or director | – | $0 |
| REID WALTERS | CHAIR Trustee or director, Officer | – | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY CRAIG | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID CROSIER | BOARD MEMBER Trustee or director | 1 | $0 |
| ALLEN DRESSLER | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JAMES GRIFFITH | BOARD MEMBER Trustee or director | 1 | $0 |
| TERESA HAMMOND | BOARD MEMBER Trustee or director | 1 | $0 |
| RAY LIPES | BOARD MEMBER Trustee or director | 1 | $0 |
| GREG MADSEN | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID OLIVER | BOARD MEMBER Trustee or director | 1 | $0 |
| DR JOHN RAINONE | BOARD MEMBER Trustee or director | 1 | $0 |
| TAMMY SCRUGGS-DUNCAN | BOARD MEMBER Trustee or director | 1 | $0 |
| BRYAN THOMPSON | EXECUTIVE DI Trustee or director | 10 | $0 |
| GINA TINGLER | BOARD MEMBER Trustee or director | 1 | $0 |
| CHUCK UNROE | BOARD MEMBER Trustee or director | 1 | $0 |
| REID WALTERS | CHAIR Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 9212 WINTERBERRY AVENUE, COVINGTON, VA 24426-6251
- Principal officer (990 for 2024)
- KEN MCFADYEN, 9212 WINTERBERRY AVENUE, COVINGTON, VA 24426
- Signed the 990
- TYLER SIZEMORE, DEPUTY DIRECTOR
- Phone
- (540) 862-0936
- Website
- WWW.AHEDC.COM
- Return prepared by
- ROBINSON FARMER COX ASSOCIATES
Mission
TO PROMOTE EMPLOYMENT OPPORTUNITIES IN THE ALLEGHANY HIGHLANDS AREA OF VIRGINIA.
Program accomplishments
- THE ORGANIZATION PROMOTES AND MAINTAINS SUFFICIENT AND SUITABLE EMPLOYMENT PRODUCING ACTIVITIES IN THE ALLEGHANY HIGHLANDS AREA, STRIVES TO ACHIEVE AN IMPROVED RATE OF EMPLOYMENT, AND ENHANCE THE TAX BASE OF PARTICIPATING LOCALITIES. CURRENT YEAR ACTIVITY INCLUDES THE CONTINUED DEVELOPMENT OF BUSINESS SITES.Expenses $212,934
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
- 16-1620392
- 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
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $416,566
- Income (IRS master file)
- $292,021
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $292,021 | $282,905 | $416,566 | IRS |
| 990 | June 2024 | $194,537 | $134,453 | $371,011 | IRS |
| 990 | June 2023 | $239,255 | $199,905 | $316,663 | XML |
| 990 | June 2022 | $303,268 | $254,190 | $276,285 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 16-1620392).
Questions about ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION is 16-1620392.
- Is ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION 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 ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION 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 ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION 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 ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names KEN MCFADYEN.
- Who are the officers and directors of ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $292,021, expenses of $282,905 and total assets of $416,566 at year end.
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All nonprofits in COVINGTON · Virginia · Community improvement and capacity building