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Nonprofit · EIN 27-3855098

RIC LINCOLNTON APARTMENTS INC

Tax-exempt (reinstated) · GASTONIA, NC 28053

Financials

$93K$120K2022$93K$126K2023$95K$129K2024
Revenue Expenses · by fiscal year end
Financials of RIC LINCOLNTON APARTMENTS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$95,014$128,934-$33,920$1,042,695$1,462,986-$420,291
June 30, 2024990$93,038$125,692-$32,654$1,070,859$1,457,230-$386,371
June 30, 2023990$93,444$119,866-$26,422$1,107,753$1,461,470-$353,717
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$47,997
of which government grants
$47,997
Program service revenue
$44,400
Investment income
$392
Other revenue
$2,225

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$422
Accounting fees
$5,822
Occupancy
$18,201
Depreciation
$32,271
Program services (functional)
$121,427
Management and general (functional)
$7,507

Balance sheet and other

Total assets, start of year
$1,070,859
Total assets, end of year
$1,042,695
Total liabilities, end of year
$1,462,986
Net assets, end of year
-$420,291
Land, buildings and equipment
$948,557
Gross receipts
$95,014
Employees
0
Volunteers
3
Year formed
2010
State of legal domicile
NC

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.

NameTitleHours / weekCompensation
KIM MAGUIREPRESIDENT
Trustee or director, Officer
0$0
TEENA WILLISDIRECTOR
Trustee or director
0$0
TIM FARRISDIRECTOR
Trustee or director
0$0
990 for the year ended June 30, 2024: 3 people
NameTitleHours / weekCompensation
KIM MAGUIREPRESIDENT
Trustee or director, Officer
0$0
TEENA WILLISDIRECTOR
Trustee or director
0$0
TIM FARRISDIRECTOR
Trustee or director
0$0
990 for the year ended June 30, 2023: 3 people
NameTitleHours / weekCompensation
KIM MAGUIREPRESIDENT
Trustee or director, Officer
0$0
TEENA WILLISDIRECTOR
Trustee or director
0$0
TIM FARRISDIRECTOR
Trustee or director
0$0

Address and contacts

Address (IRS master file)
PO BOX 2466, GASTONIA, NC 28053-2466
In care of
% KIM MAGUIRE
Mailing address (990-N for 2014)
PO Box 2466, Gastonia NC 28053
Principal officer (990 for 2024)
KIM MAGUIRE, PO BOX 2466, GASTONIA, NC 28053
Principal officer (990-N for 2014)
Kim Maguire, PO Box 2466, Gastonia NC 28053
Signed the 990
KIM MAGUIRE, PRESIDENT
Phone
(704) 866-6766
Return prepared by
BERNARD ROBINSON & COMPANY LLP

Mission

TO OWN AND OPERATE A 10-UNIT APARTMENT COMPLEX UNDER SECTION 811 OF THE NATIONAL HOUSING ACT OF 1959.

990 for the year ended June 30, 2025

Program accomplishments

  • TO OWN AND OPERATE A 10-UNIT APARTMENT COMPLEX UNDER SECTION 811 OF THE NATIONAL HOUSING ACT OF 1959.
    Expenses $121,427 · revenue $46,625

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
27-3855098
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
2014
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,042,695
Income (IRS master file)
$95,014

Revocation and reinstatement

Exemption revoked
May 15, 2013
Posted by the IRS
November 26, 2013
Reinstated
Effective May 15, 2013

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$95,014$128,934$1,042,695XML
990June 2024$93,038$125,692$1,070,859XML
990June 2023$93,444$119,866$1,107,753XML
990June 2022$91,962$117,162$1,137,458IRS
990June 2021–––IRS
990June 2018–––IRS
990-N for 2014
Officer: Kim Maguire
June 30, 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 27-3855098).

Questions about RIC LINCOLNTON APARTMENTS INC

What is the EIN of RIC LINCOLNTON APARTMENTS INC?
The employer identification number (EIN) of RIC LINCOLNTON APARTMENTS INC is 27-3855098.
Is RIC LINCOLNTON APARTMENTS INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
Are donations to RIC LINCOLNTON APARTMENTS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RIC LINCOLNTON 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 RIC LINCOLNTON 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 RIC LINCOLNTON 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 RIC LINCOLNTON APARTMENTS INC?
The 990 for the year ended June 30, 2025 names KIM MAGUIRE.
Who are the officers and directors of RIC LINCOLNTON APARTMENTS INC?
The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does RIC LINCOLNTON APARTMENTS INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $95,014, expenses of $128,934 and total assets of $1,042,695 at year end.

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