Nonprofit · EIN 31-1806577
RASA II ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt (reinstated) · COLORADO SPGS, CO 80909
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,027,513 | $814,327 | $213,186 | $2,526,579 | $1,604,633 | $921,946 |
| June 30, 2024 | 990 | $897,115 | $894,491 | $2,624 | $2,349,075 | $1,640,315 | $708,760 |
| June 30, 2023 | 990 | $935,961 | $743,673 | $192,288 | $2,407,352 | $1,736,590 | $670,762 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,022,532
- Investment income
- $4,981
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $75,354
- Other salaries and wages
- $41,393
- Salaries, compensation and benefits (total)
- $116,747
- Professional fundraising fees
- $0
- Legal fees
- $5,152
- Accounting fees
- $33,217
- Depreciation
- $89,480
- Program services (functional)
- $702,045
- Management and general (functional)
- $112,282
Balance sheet and other
- Total assets, start of year
- $2,349,075
- Total assets, end of year
- $2,526,579
- Total liabilities, end of year
- $1,604,633
- Net assets, end of year
- $921,946
- Land, buildings and equipment
- $1,453,491
- Gross receipts
- $1,027,513
- Employees
- 0
- Year formed
- 2001
- State of legal domicile
- CO
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 |
|---|---|---|---|
| LESLIE R WHITE | President Officer | 15 | $0 |
| CHERYL V FRANKLIN | Secretary Officer | 0 | $0 |
| WALTER PORTER | Treasurer Officer | 0 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LESLIE R WHITE | President Officer | 15 | $0 |
| CHERYL V FRANKLIN | Secretary Officer | 0 | $0 |
| WALTER PORTER | Treasurer Officer | 0 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LESLIE R WHITE | PRESIDENT Officer | 15 | $0 |
| CHERYL V FRANKLIN | SECRETARY Officer | – | $0 |
| WALTER PORTER | TREASURER Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 3625 MARION DR, COLORADO SPGS, CO 80909-4215
- In care of
- % JESSE BROWN JR
- Principal officer (990 for 2024)
- LESLIE R WHITE, 3625 Marion Drive, Colorado Springs, CO 80909
- Signed the 990
- LESLIE R WHITE, President
- Phone
- (323) 806-5232
- Return prepared by
- HAYNIE & COMPANY
Mission
PROVIDES AFFORDABLE HOUSING FOR INDIVIDUALS, FAMILIES, AND HANDICAPPED INDIVIDUALS
Program accomplishments
- PROVIDES AFFORDABLE HOUSING TO INDIVIDUAL FAMILIIES, AND HANDICAPPED INDIVIDUALS BY OWNING AND OPERATING 72 RENTAL HOUSING UNITS.Expenses $702,045 · revenue $1,022,532
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
- 31-1806577
- 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
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Crime and legal-related (I20)
- Assets (IRS master file)
- $2,526,579
- Income (IRS master file)
- $1,027,513
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective May 15, 2010
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 | June 2025 | $1,027,513 | $814,327 | $2,526,579 | XML |
| 990 | June 2024 | $897,115 | $894,491 | $2,349,075 | XML |
| 990 | June 2023 | $935,961 | $743,673 | $2,407,352 | XML |
| 990 | June 2022 | $876,632 | $728,582 | $2,250,807 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 31-1806577).
Questions about RASA II ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of RASA II ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of RASA II ECONOMIC DEVELOPMENT CORPORATION is 31-1806577.
- Is RASA II ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to RASA II ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RASA II ECONOMIC 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 RASA II ECONOMIC 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 RASA II ECONOMIC 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 RASA II ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names LESLIE R WHITE.
- Who are the officers and directors of RASA II ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does RASA II ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,027,513, expenses of $814,327 and total assets of $2,526,579 at year end.
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