Nonprofit · EIN 27-0758422
ABUNDANT LIFE COMMUNITY DEVELOPMENT CORPORATION INC
Tax-exempt (reinstated) · NEW CASTLE, DE 19720
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,182,476 | $1,291,279 | -$108,803 | $417,446 | $578,464 | -$161,018 |
| December 31, 2024 | 990 | $1,188,606 | $1,183,115 | $5,491 | $205,276 | $259,306 | -$54,030 |
| December 31, 2023 | 990 | $960,405 | $852,882 | $107,523 | $186,078 | $252,014 | -$65,936 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,027,480
- Investment income
- $0
- Other revenue
- $154,996
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $154,170
- Other salaries and wages
- $687,675
- Salaries, compensation and benefits (total)
- $941,922
- Professional fundraising fees
- $0
- Accounting fees
- $12,000
- Occupancy
- $114,890
- Travel
- $5,423
- Depreciation
- $2,338
- Program services (functional)
- $1,279,279
- Management and general (functional)
- $12,000
Balance sheet and other
- Total assets, start of year
- $207,091
- Total assets, end of year
- $417,446
- Total liabilities, end of year
- $578,464
- Net assets, end of year
- -$161,018
- Land, buildings and equipment
- $276,315
- Net assets without donor restrictions
- -$161,018
- Gross receipts
- $1,182,476
- Employees
- 4
- Volunteers
- 3
- Year formed
- 2007
- State of legal domicile
- DE
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ellis Fagbami | Executive Director Trustee or director, Officer | 40 | $91,800 | $8,301 |
| Lucy Fagbami | Director Trustee or director | 40 | $62,370 | $3,677 |
| Folarin Osundina | Director Trustee or director | 1 | $0 | $0 |
| Kehinde Abegunde | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ellis Fagbami | Executive Director Officer | 40 | $88,400 |
| Lucy Fagbami | Director Trustee or director | 20 | $53,130 |
| Folarin Osundina | Director Trustee or director | 1 | $0 |
| Kehinde Abegunde | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ellis Fagbami | Executive Director Officer | 40 | $54,950 | $2,310 |
| Lucy Fagbami | Director Trustee or director | 1 | $0 | $0 |
| Folarin Osundina | Director Trustee or director | 1 | $0 | $0 |
| Kehinde Abegunde | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 24 BLEVINS DR, NEW CASTLE, DE 19720-4152
- In care of
- % ELLIS FAGBAMI
- Principal officer (990 for 2025)
- Ellis Fagbami, 2 Best Court, Newark, DE 19702
- Signed the 990
- Ellis Fagbami, Executive Director
- Phone
- (302) 983-6436
- Return prepared by
- TAIWO O PITAN CPA
Mission
To provide day habilitation and prevocational training programs to Delaware State Communities
Program accomplishments
- Provided Day habilitation and prevocational training to 122 participantsExpenses $1,279,279 · grants $1,027,480 · revenue $1,027,480
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0758422
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $417,446
- Income (IRS master file)
- $1,182,476
Revocation and reinstatement
- Exemption revoked
- May 15, 2012
- Posted by the IRS
- March 11, 2013
- Reinstated
- Effective May 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,182,476 | $1,291,279 | $417,446 | XML |
| 990 | December 2024 | $1,188,606 | $1,183,115 | $205,276 | XML |
| 990 | December 2023 | $960,405 | $852,882 | $186,078 | XML |
| 990 | December 2022 | $627,543 | $538,804 | $0 | 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 27-0758422).
Questions about ABUNDANT LIFE COMMUNITY DEVELOPMENT CORPORATION INC
- What is the EIN of ABUNDANT LIFE COMMUNITY DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of ABUNDANT LIFE COMMUNITY DEVELOPMENT CORPORATION INC is 27-0758422.
- Is ABUNDANT LIFE COMMUNITY DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2012 and reinstated it effective May 15, 2012.
- Are donations to ABUNDANT LIFE COMMUNITY DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ABUNDANT LIFE COMMUNITY DEVELOPMENT CORPORATION 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 ABUNDANT LIFE COMMUNITY DEVELOPMENT CORPORATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ABUNDANT LIFE COMMUNITY DEVELOPMENT CORPORATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ABUNDANT LIFE COMMUNITY DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2025 names Ellis Fagbami.
- Who are the officers and directors of ABUNDANT LIFE COMMUNITY DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 2 received compensation from the organization, the highest $91,800 (Ellis Fagbami, Executive Director).
- How much revenue does ABUNDANT LIFE COMMUNITY DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,182,476, expenses of $1,291,279 and total assets of $417,446 at year end.
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