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Nonprofit · EIN 34-1678365

NEW SUNRISE PROPERTIES INC

Also known as MICHAEL KEARNEY DIRECTOR

Tax-exempt · ELYRIA, OH 44035

Financials

$1.5M$1.7M2022$246K$542K2023$1.4M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of NEW SUNRISE PROPERTIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,400,857$1,176,049$224,808$5,261,946$1,860,099$3,401,847
December 31, 2023990$246,243$542,156-$295,913$4,154,978$2,091,596$2,063,382
June 30, 2023990$1,478,837$1,663,282-$184,445$5,312,049$3,513,609$1,798,440
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$811,788
Program service revenue
$462,013
Investment income
$127,056
Net gain from sales of assets
$127,056
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$504,596
Salaries, compensation and benefits (total)
$619,800
Professional fundraising fees
$0
Legal fees
$10,057
Accounting fees
$14,405
Occupancy
$302,948
Travel
$22,989
Depreciation
$66,343
Program services (functional)
$1,176,049

Balance sheet and other

Total assets, start of year
$4,154,978
Total assets, end of year
$5,261,946
Total liabilities, end of year
$1,860,099
Net assets, end of year
$3,401,847
Land, buildings and equipment
$2,131,465
Net assets without donor restrictions
$3,401,847
Gross receipts
$2,123,801
Employees
9
Volunteers
10
Year formed
1991
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.

NameTitleHours / weekCompensation
CHRIS WARRENPRESIDENT
Trustee or director, Officer
1$0
CAROLYNN GALLOWAYVICE PRESIDENT
Trustee or director, Officer
1$0
JIM POZNIKTREASURER/SECRETARY
Trustee or director, Officer
1$0
MIKE GRIFFINBOARD MEMBER
Trustee or director
1$0
DAN LASTBOARD MEMBER
Trustee or director
1$0
KRUME STOJANOVSKIBOARD MEMBER
Trustee or director
1$0
PETER MEISELBOARD MEMBER
Trustee or director
1$0
KATHY HEXTERBOARD MEMBER
Trustee or director
1$0
CAROLINE PEAKBOARD MEMBER
Trustee or director
1$0
TERRELL SANDERSBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
CHRIS WARRENPRESIDENT
Trustee or director, Officer
1$0
CAROLYNN GALLOWAYVICE PRESIDENT
Trustee or director, Officer
1$0
JIM POZNIKTREASURER
Trustee or director, Officer
1$0
MIKE GRIFFINBOARD MEMBER
Trustee or director
1$0
SAHNARA HENDRIX-ARNEYBOARD MEMBER
Trustee or director
1$0
KRUME STOJANOVSKIBOARD MEMBER
Trustee or director
1$0
PETER MEISELBOARD MEMBER
Trustee or director
1$0
KATHY HEXTERBOARD MEMBER
Trustee or director
1$0
CAROLINE PEAKBOARD MEMBER
Trustee or director
1$0
TERRELL SANDERSBOARD MEMBER
Trustee or director
1$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensation
CHRIS WARRENPRESIDENT
Officer
1$0
CAROLYNN GALLOWAYVICE PRESIDE
Officer
1$0
JIM POZNIKTREASURER
Officer
1$0
MIKE GRIFFINBOARD MEMBER
Trustee or director
1$0
SAHNARA HENDRIX-ARNEYBOARD MEMBER
Trustee or director
1$0
KRUME STOJANOVSKIBOARD MEMBER
Trustee or director
1$0
PETER MEISELBOARD MEMBER
Trustee or director
1$0
KATHY HEXTERBOARD MEMBER
Trustee or director
1$0
CAROLINE PEAKBOARD MEMBER
Trustee or director
1$0
TEARRA SMITHBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1100 ABBE RD N STE A, ELYRIA, OH 44035-1667
Principal officer (990 for 2024)
KEVIN J NOWAK, 3711 CHESTER AVENUE 100, CLEVELAND, OH 44114
Signed the 990
MARY SMIGELSKI, CHIEF FINANCIAL OFFICER
Phone
(216) 574-7100
Return prepared by
COHEN & CO ADVISORY LLC

Mission

THE MISSION OF NEW SUNRISE PROPERTIES, INC. IS TO INCREASE THE HOUSING AVAILABLE TO CITIZENS OF LORAIN COUNTY WHO ARE MENTALLY ILL, HOMELESS, LOW-INCOME, OR OTHERWISE NEEDY BY PROVIDING THEM WITH THE OPPORTUNITY TO OBTAIN SAFE, DECENT, AFFORDABLE AND PERMANENT HOUSING. THE AGENCY OWNS AND MANAGES OVER 200 UNITS OF HOUSING THROUGHOUT LORAIN COUNTY. THE HOUSING TYPES INCLUDE SCATTERED DUPLEXES, APARTMENTS, CONDOMINIUMS, AND SINGLE FAMILY HOMES.

990 for the year ended December 31, 2024

Program accomplishments

  • TO INCREASE THE HOUSING AVAILABILITY TO CITIZENS OF LORAIN COUNTY WHO ARE MENTALLY ILL, HOMELESS, LOW-INCOME OR OTHERWISE NEEDY BY PROVIDING THEM WITH THE OPPORTUNITY TO OBTAIN SAFE, DECENT, AFFORDABLE AND PERMANENT HOUSING.
    Expenses $1,176,049 · revenue $589,069

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
34-1678365
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
1991
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,261,946
Income (IRS master file)
$2,123,801

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,400,857$1,176,049$5,261,946XML
990December 2023$246,243$542,156$4,154,978XML
990June 2023$1,478,837$1,663,282$5,312,049XML
990June 2022$1,437,662$1,610,449$5,178,634IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 34-1678365).

Questions about NEW SUNRISE PROPERTIES INC

What is the EIN of NEW SUNRISE PROPERTIES INC?
The employer identification number (EIN) of NEW SUNRISE PROPERTIES INC is 34-1678365.
Is NEW SUNRISE PROPERTIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
Are donations to NEW SUNRISE PROPERTIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW SUNRISE PROPERTIES 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 NEW SUNRISE PROPERTIES 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 NEW SUNRISE PROPERTIES 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 NEW SUNRISE PROPERTIES INC?
The 990 for the year ended December 31, 2024 names KEVIN J NOWAK.
Who are the officers and directors of NEW SUNRISE PROPERTIES INC?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does NEW SUNRISE PROPERTIES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,400,857, expenses of $1,176,049 and total assets of $5,261,946 at year end.

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