Nonprofit · EIN 20-1835268
INEZ APARTMENTS INC
Tax-exempt · PRESTONSBURG, KY 41653
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $162,184 | $198,767 | -$36,583 | $1,438,409 | $26,658 | $1,411,751 |
| June 30, 2024 | 990 | $142,672 | $188,975 | -$46,303 | $1,461,082 | $12,748 | $1,448,334 |
| June 30, 2023 | 990 | $136,658 | $202,837 | -$66,179 | $1,505,472 | $10,834 | $1,494,638 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $156,601
- Investment income
- $5,583
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $48,298
- Salaries, compensation and benefits (total)
- $51,993
- Professional fundraising fees
- $0
- Accounting fees
- $7,500
- Depreciation
- $51,194
- Program services (functional)
- $198,767
Balance sheet and other
- Total assets, start of year
- $1,461,082
- Total assets, end of year
- $1,438,409
- Total liabilities, end of year
- $26,658
- Net assets, end of year
- $1,411,751
- Land, buildings and equipment
- $1,246,273
- Net assets without donor restrictions
- -$845,774
- Net assets with donor restrictions
- $2,257,525
- Gross receipts
- $162,184
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2004
- State of legal domicile
- KY
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 |
|---|---|---|---|
| JAMES BUTLER | PRESIDENT Trustee or director, Officer | 2 | $0 |
| DIANE THACKER | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| ERIC RATLIFF | SEC/TREAS Trustee or director, Officer | 2 | $0 |
| MISSY ALLEN | MEMBER Trustee or director | 2 | $0 |
| JERRY FULTZ | MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES BUTLER | PRESIDENT Officer | 2 | $0 |
| DIANE THACKER | VP Officer | 2 | $0 |
| ERIC RATLIFF | SEC/TREAS Officer | 2 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES BUTLER | PRESIDENT Officer | 2 | $0 |
| DIANE THACKER | VP Officer | 2 | $0 |
| ERIC RATLIFF | SEC/TREAS Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 110 RESOURCE COURT, PRESTONSBURG, KY 41653-8074
- In care of
- % SANDY RUNYON
- Principal officer (990 for 2024)
- MADONNA SKAGGS, PO Box 767, MOREHEAD, KY 40351
- Signed the 990
- MADONNA SKAGGS, BOOKKEEPER
- Phone
- (606) 886-2374
- Return prepared by
- FRALEY MILLER & COMPANY CPAs' PLLC
Mission
LOW INCOME HOUSING FOR SENIOR CITIZENS
Program accomplishments
- PROVIDED 24 LOW INCOME HOUSING UNITS TO SENIOR CITIZENSExpenses $198,767 · revenue $162,184
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
- 20-1835268
- 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
- 2005
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $1,438,409
- Income (IRS master file)
- $162,184
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $162,184 | $198,767 | $1,438,409 | IRS |
| 990 | June 2024 | $142,672 | $188,975 | $1,461,082 | XML |
| 990 | June 2023 | $136,658 | $202,837 | $1,505,472 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 20-1835268).
Questions about INEZ APARTMENTS INC
- What is the EIN of INEZ APARTMENTS INC?
- The employer identification number (EIN) of INEZ APARTMENTS INC is 20-1835268.
- Is INEZ APARTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to INEZ APARTMENTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INEZ APARTMENTS 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 INEZ APARTMENTS 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 INEZ APARTMENTS 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 INEZ APARTMENTS INC?
- The 990 for the year ended June 30, 2025 names MADONNA SKAGGS.
- Who are the officers and directors of INEZ APARTMENTS INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does INEZ APARTMENTS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $162,184, expenses of $198,767 and total assets of $1,438,409 at year end.
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