Nonprofit · EIN 31-1480310
GOLDSBORO DEVELOPMENT CORPORATION
Tax-exempt · GOLDSBORO, NC 27533
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $211,383 | $441,290 | -$229,907 | $2,271,401 | $16,850 | $2,254,551 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $210,203
- Investment income
- $1,180
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $52
- Accounting fees
- $4,500
- Depreciation
- $71,517
- Program services (functional)
- $386,982
- Management and general (functional)
- $54,308
Balance sheet and other
- Total assets, start of year
- $2,549,801
- Total assets, end of year
- $2,271,401
- Total liabilities, end of year
- $16,850
- Net assets, end of year
- $2,254,551
- Land, buildings and equipment
- $1,179,889
- Net assets without donor restrictions
- $2,254,551
- Gross receipts
- $211,383
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1997
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM TURNER | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| SIERRA CARMICHAEL | MEMBER Trustee or director | 1 | $0 |
| JEAN WHITFIELD | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1403, GOLDSBORO, NC 27533-1403
- In care of
- % GENE D THOMAS
- Principal officer (990 for 2024)
- WILLIAMS TURNER, PO BOX 1403, GOLDSBORO, NC 27533
- Signed the 990
- SHARITA OATES, INTERIM CEO
- Phone
- (919) 735-4226
- Return prepared by
- SMITH MARION & CO
Mission
PROVIDE HOUSING FOR LOW AND VERY LOW INCOME
Program accomplishments
- PROVIDE HOUSING FOR LOW AND VERY LOW INCOMEExpenses $386,982 · revenue $210,203
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 | 990 on file |
IRS record
- EIN
- 31-1480310
- 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
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L210)
- Assets (IRS master file)
- $2,271,401
- Income (IRS master file)
- $211,383
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $181,126 | $336,515 | $2,549,801 | IRS |
| 990 | June 2023 | $168,560 | $390,596 | $2,705,287 | IRS |
| 990 | June 2022 | $161,242 | $227,357 | $2,962,441 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about GOLDSBORO DEVELOPMENT CORPORATION
- What is the EIN of GOLDSBORO DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of GOLDSBORO DEVELOPMENT CORPORATION is 31-1480310.
- Is GOLDSBORO DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to GOLDSBORO DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GOLDSBORO DEVELOPMENT CORPORATION 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 GOLDSBORO DEVELOPMENT CORPORATION 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 GOLDSBORO DEVELOPMENT CORPORATION 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 GOLDSBORO DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names WILLIAMS TURNER.
- Who are the officers and directors of GOLDSBORO DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does GOLDSBORO DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $211,383, expenses of $441,290 and total assets of $2,271,401 at year end.
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All nonprofits in GOLDSBORO · North Carolina · Housing and shelter