Nonprofit · EIN 26-2352365
BRIGHT COMMUNITY TRUST INC
Tax-exempt · PORT RICHEY, FL 34668
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $550,758 | $361,395 | $189,363 | $15,336,263 | $1,193,055 | $14,143,208 |
| December 31, 2024 | 990 | $635,170 | $596,518 | $38,652 | $15,554,573 | $1,600,728 | $13,953,845 |
| December 31, 2023 | 990 | $2,078,755 | $1,169,719 | $909,036 | $14,886,531 | $750,281 | $14,136,250 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $430,798
- Program service revenue
- $141,727
- Investment income
- $10,596
- Net income from sales of inventory
- -$32,363
- Other revenue
- -$32,363
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $199,677
- Salaries, compensation and benefits (total)
- $237,032
- Professional fundraising fees
- $0
- Accounting fees
- $21,700
- Occupancy
- $2,550
- Travel
- $17,016
- Depreciation
- $10,563
- Program services (functional)
- $267,319
- Management and general (functional)
- $94,076
Balance sheet and other
- Total assets, start of year
- $15,554,573
- Total assets, end of year
- $15,336,263
- Total liabilities, end of year
- $1,193,055
- Net assets, end of year
- $14,143,208
- Land, buildings and equipment
- $13,736,175
- Net assets without donor restrictions
- $14,143,208
- Gross receipts
- $1,038,590
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2008
- State of legal domicile
- FL
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 |
|---|---|---|---|
| THOMAS SHELLY | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| DR ROBERT ARNOLD | SECRETARY Trustee or director, Officer | 2 | $0 |
| JULIE LAWRENCE | TREASURER Trustee or director, Officer | 1 | $0 |
| CLIVE KOFI HUNT | AT-LARGE Trustee or director | 1 | $0 |
| EDDIE PELHAM | DIRECTOR Trustee or director | 1 | $0 |
| SHANIQUA ROSE | DIRECTOR Trustee or director | 1 | $0 |
| IRVIN SIMPSON | DIRECTOR Trustee or director | 1 | $0 |
| FRANCIS WELLS | CEO/PRESIDENT Officer | 40 | $0 |
| RENEE WELCH | CFO Officer | 40 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANCIS WELLS | CEO/PRESIDENT Officer | 40 | $138,239 | $18,797 |
| RENEE WELCH | CFO Officer | 40 | $108,493 | $20,042 |
| THOMAS SHELLY | CHAIRMAN Trustee or director | 3 | $0 | $0 |
| DR ROBERT ARNOLD | SECRETARY Trustee or director | 2 | $0 | $0 |
| CLIVE KOFI HUNT | AT-LARGE Trustee or director | 1 | $0 | $0 |
| JULIE LAWRENCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EDDIE PELHAMN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANIQUA ROSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| IRVIN SIMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANCIS WELLS | CEO/PRESIDENT Officer | 40 | $185,822 | $17,920 |
| RENEE WELCH | CFO Officer | 40 | $105,339 | $14,176 |
| THOMAS SHELLY | CHAIRMAN Trustee or director | 3 | $0 | $0 |
| DR ROBERT ARNOLD | SECRETARY Trustee or director | 2 | $0 | $0 |
| CLIVE KOFI HUNT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE LAWRENCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EDDIE PELHAMN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11923 OAK TRAIL WAY, PORT RICHEY, FL 34668-1064
- In care of
- % SHERI HARRIS
- Mailing address (990-N for 2008)
- 600 Cleveland Street Suite 800, Clearwater FL 33755
- Principal officer (990 for 2024)
- FRANCIS WELLS, 11923 OAK TRAIL WAY, PORT RICHEY, FL 34668
- Principal officer (990-N for 2008)
- Anthony M Jones, 600 Cleveland Street Suite 800, Clearwater FL 33755
- Signed the 990
- FRANCIS WELLS, PRESIDENT
- Phone
- (727) 474-8441
- Return prepared by
- RIVERO GORDIMER & COMPANY PA
Mission
TO UTILIZE LAND TRUSTS AS A VEHICLE TO FACILITATE THE OWNERSHIP AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS WITHIN THE STATE OF FLORIDA.
Program accomplishments
- BRIGHT COMMUNITY TRUST'S FOCUS IS THE DEVELOPMENT OF NEW CONSTRUCTION HOMES FOR RENT OR SALE TO WORK FORCE AND LOWER INCOME FAMILIES. UTILIZING A COMMUNITY LAND TRUST THE PROPERTIES STAY AFFORDABLY ATTAINABLE FOR GENERATIONS. EDUCATION AND ONGOING MENTORSHIP IS PROVIDED TO THE HOMEBUYER/HOMEOWNER.Expenses $267,319 · revenue $109,364
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 | Check at the IRS |
IRS record
- EIN
- 26-2352365
- 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
- 2008
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L11)
- Assets (IRS master file)
- $15,336,263
- Income (IRS master file)
- $1,038,590
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $550,758 | $361,395 | $15,336,263 | IRS |
| 990 | December 2024 | $635,170 | $596,518 | $15,554,573 | XML |
| 990 | December 2023 | $2,078,755 | $1,169,719 | $14,886,531 | XML |
| 990 | December 2022 | $1,307,420 | $1,700,150 | $16,706,810 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2008 Officer: Anthony M Jones | September 30, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
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 26-2352365).
Questions about BRIGHT COMMUNITY TRUST INC
- What is the EIN of BRIGHT COMMUNITY TRUST INC?
- The employer identification number (EIN) of BRIGHT COMMUNITY TRUST INC is 26-2352365.
- Is BRIGHT COMMUNITY TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to BRIGHT COMMUNITY TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRIGHT COMMUNITY TRUST 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 BRIGHT COMMUNITY TRUST 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 BRIGHT COMMUNITY TRUST 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 BRIGHT COMMUNITY TRUST INC?
- The 990 for the year ended June 30, 2025 names FRANCIS WELLS.
- Who are the officers and directors of BRIGHT COMMUNITY TRUST INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does BRIGHT COMMUNITY TRUST INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $550,758, expenses of $361,395 and total assets of $15,336,263 at year end.
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