Nonprofit · EIN 31-1384497
MIRACIT DEVELOPMENT CORPORATION INC
Tax-exempt · COLUMBUS, OH 43236
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $315,654 | $267,790 | $47,864 | $1,261,961 | $21,544 | $1,240,417 |
| December 31, 2023 | 990 | $236,089 | $269,089 | -$33,000 | $1,359,761 | $167,208 | $1,192,553 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $315,199
- Investment income
- $0
- Other revenue
- $455
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $4,017
- Accounting fees
- $2,550
- Occupancy
- $30,233
- Program services (functional)
- $217,482
- Management and general (functional)
- $50,308
Balance sheet and other
- Total assets, start of year
- $1,359,761
- Total assets, end of year
- $1,261,961
- Total liabilities, end of year
- $21,544
- Net assets, end of year
- $1,240,417
- Land, buildings and equipment
- $637,940
- Net assets without donor restrictions
- $1,240,417
- Gross receipts
- $315,654
- Employees
- 0
- Volunteers
- 25
- Year formed
- 1993
- State of legal domicile
- OH
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 | From related orgs |
|---|---|---|---|---|
| DR EDGAR A POSEY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $196,935 |
| SHARON DAVIS | TREASURER Trustee or director, Officer | 2 | $0 | $37,762 |
| CHANTAL GREEN | MEMBER Trustee or director | 1 | $0 | $6,500 |
| DARRELL FRANCIS | VICE CHAIRMA Trustee or director, Officer | 5 | $0 | $0 |
| ANGELETHA ROGERS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NATHANIEL WILLIAMS | ASSISTANT TR Trustee or director | 1 | $0 | $0 |
| RHONDA SMITH | MEMBER Trustee or director | 1 | $0 | $0 |
| KAMINA MABRY | MEMBER Trustee or director | 1 | $0 | $0 |
| ALISE THOMPSON | ASSISTANT SE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DR EDGAR POSEY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $196,935 |
| SHARON DAVIS | TREASURER Trustee or director, Officer | 2 | $0 | $46,976 |
| CHANTAL GREEN | SECRETARY Trustee or director, Officer | 1 | $0 | $6,500 |
| DARRELL FRANCIS | VICE CHAIRMA Trustee or director, Officer | 2 | $0 | $0 |
| ANGELETHA ROGERS | ASSISTANT SE Trustee or director | 1 | $0 | $0 |
| NATHANIEL WILLIAMS | ASSISTANT TR Trustee or director | 1 | $0 | $0 |
| RHONDA SMITH | MEMBER Trustee or director | 1 | $0 | $0 |
| KAMINA MABRY | MEMBER Trustee or director | 1 | $0 | $0 |
| JEANEEN HOOKS | MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 360586, COLUMBUS, OH 43236-0586
- Principal officer (990 for 2024)
- SHARON DAVIS, 2177 MOCK ROAD, COLUMBUS, OH 43219
- Signed the 990
- SHARON DAVIS, TREASURER
- Phone
- (614) 471-2202
- Website
- MIRACIT.ORG
- Return prepared by
- WELLS CPA LLC
Mission
MIRACIT'S PURPOSE IS TO BE A PROACTIVE CATALYST FOR THE REVITALIZATION OF THE SURROUNDING NEIGHBORHOOD. IT WAS FOUNDED TO OBTAIN AND USE CONTRIBUTIONS, GRANTS AND LOANS TO IMPROVE THE HOUSING IN THE SURROUNDING NEIGHBORHOOD AND TO DEVELOP REAL ESTATE FOR LOW AND MODERATE INCOME INDIVIDUALS.
Program accomplishments
- AFFORDABLE RENTAL HOUSINGExpenses $116,272 · revenue $197,204
- COMMUNITY PROJECTSExpenses $90,047 · revenue $117,996
- CONSTRUCTION AND REHABExpenses $11,163
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 | 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
- 31-1384497
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21Z)
- Assets (IRS master file)
- $1,261,961
- Income (IRS master file)
- $315,654
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $315,654 | $267,790 | $1,261,961 | XML |
| 990 | December 2023 | $236,089 | $269,089 | $1,359,761 | XML |
| 990 | December 2022 | $2,437,135 | $384,300 | $1,587,326 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 31-1384497).
Questions about MIRACIT DEVELOPMENT CORPORATION INC
- What is the EIN of MIRACIT DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of MIRACIT DEVELOPMENT CORPORATION INC is 31-1384497.
- Is MIRACIT DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to MIRACIT DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MIRACIT 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 MIRACIT DEVELOPMENT CORPORATION 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 MIRACIT DEVELOPMENT CORPORATION 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 MIRACIT DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 names SHARON DAVIS.
- Who are the officers and directors of MIRACIT DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does MIRACIT DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $315,654, expenses of $267,790 and total assets of $1,261,961 at year end.
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