Nonprofit · EIN 27-2690578
COMMONWEALTH AGENCY INC
Tax-exempt · HAYDEN, ID 83835
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $261,059 | $88,444 | $172,615 | $1,427,100 | $0 | $1,427,100 |
| December 31, 2023 | 990 | $149,757 | $44,365 | $105,392 | $1,254,486 | $0 | $1,254,486 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $176,042
- Investment income
- $85,017
- Net gain from sales of assets
- $53,334
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $12,000
- Salaries, compensation and benefits (total)
- $12,000
- Professional fundraising fees
- $0
- Legal fees
- $280
- Accounting fees
- $4,410
- Depreciation
- $319
- Program services (functional)
- $80,722
- Management and general (functional)
- $7,722
Balance sheet and other
- Total assets, start of year
- $1,254,486
- Total assets, end of year
- $1,427,100
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,427,100
- Net assets without donor restrictions
- $1,427,100
- Gross receipts
- $564,725
- Employees
- 0
- Year formed
- 2010
- State of legal domicile
- ID
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HELEN STEVENSON | Vice President Trustee or director, Officer | 1 | $12,000 |
| WALTER DOWNEY | President Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HELEN STEVENSON | Vice President Trustee or director, Officer | 1 | $12,000 |
| WALTER DOWNEY | President Trustee or director, Officer | 0 | $0 |
| CAROL BRYSON | MEMBER Trustee or director | 0 | $0 |
| LOUISE BERSHERS | Secretary Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1478, HAYDEN, ID 83835-1478
- In care of
- % CAROL BRYSON
- Mailing address (990-N for 2015)
- PO BOX 1478, HAYDEN ID 83835
- Principal officer (990 for 2024)
- WALTER DOWNEY, PO BOX 1478, HAYDEN, ID 83835
- Principal officer (990-N for 2015)
- MARYANN PRESCOTT, PO BOX 1478, HAYDEN ID 83835
- Signed the 990
- WALTER DOWNEY, President
- Phone
- (208) 772-0108
- Return prepared by
- Hayden Ross PLLC
Mission
TO FACILITATE THE AVAILABILITY AND ACCESS TO AFFORDABLE HOUSING TO ALL CITIZENS WITH A GENERAL TARGET OF 75% OF THE UNITS OCCUPIED BY INDIVIDUALS OR FAMILIES EARNING LESS THAN 80% OF MEDIAN INCOME AS DEFINED BY HUD IN COMMUNITIES LOCATED IN IDAHO, WASHINGTON, AND MONTANA AND CONTIGUOUS REGIONS. UNITS SHALL BE EITHER RENTAL OR OWNER OCCUPIED.
Program accomplishments
- THE FOSTERING OF LOW-INCOME HOUSING, PROVIDING HOUSING, BOTH OWNER OCCUPIED AND FOR RENTAL, TO PERSONS AND FAMILIES THAT WOULD OTHERWISE NOT QUALIFY OR BE ABLE TO AFFORD SUCH HOUSING, AND TO ACQUIRE, BUILD, DEVELOP, LEASE, SELL AND INVEST IN HOUSING FOR SUCH PURPOSES.Expenses $80,722
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Not 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
- 27-2690578
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $1,427,100
- Income (IRS master file)
- $261,059
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $261,059 | $88,444 | $1,427,100 | XML |
| 990 | December 2023 | $149,757 | $44,365 | $1,254,486 | XML |
| 990 | December 2022 | $68,363 | $63,075 | $1,209,100 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2015 Officer: MARYANN PRESCOTT | December 31, 2015 | ≤ $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 27-2690578).
Questions about COMMONWEALTH AGENCY INC
- What is the EIN of COMMONWEALTH AGENCY INC?
- The employer identification number (EIN) of COMMONWEALTH AGENCY INC is 27-2690578.
- Is COMMONWEALTH AGENCY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to COMMONWEALTH AGENCY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMONWEALTH AGENCY INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of COMMONWEALTH AGENCY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMONWEALTH AGENCY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMONWEALTH AGENCY INC?
- The 990 for the year ended December 31, 2024 names WALTER DOWNEY.
- Who are the officers and directors of COMMONWEALTH AGENCY INC?
- The 990 for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization, the highest $12,000 (HELEN STEVENSON, Vice President).
- How much revenue does COMMONWEALTH AGENCY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $261,059, expenses of $88,444 and total assets of $1,427,100 at year end.
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