Nonprofit · EIN 36-4850606
CENTRAL ALABAMA DEVELOPMENT CORPORATION
Tax-exempt · ALEX CITY, AL 35010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $69,867 | $80,667 | -$10,800 | $631,424 | $2,461 | $628,963 |
| September 30, 2024 | 990 | $69,667 | $65,908 | $3,759 | $642,865 | $3,102 | $639,763 |
| September 30, 2023 | 990 | $64,873 | $57,272 | $7,601 | $639,004 | $3,000 | $636,004 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $35,683
- Investment income
- $32,259
- Net gain from sales of assets
- $21,883
- Other revenue
- $1,925
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $2,605
- Salaries, compensation and benefits (total)
- $3,734
- Professional fundraising fees
- $0
- Accounting fees
- $4,838
- Occupancy
- $859
- Depreciation
- $17,543
- Program services (functional)
- $76,933
- Management and general (functional)
- $3,734
Balance sheet and other
- Total assets, start of year
- $642,865
- Total assets, end of year
- $631,424
- Total liabilities, end of year
- $2,461
- Net assets, end of year
- $628,963
- Land, buildings and equipment
- $209,342
- Net assets without donor restrictions
- $628,963
- Gross receipts
- $69,867
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2016
- State of legal domicile
- AL
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carl Worthy | Director Trustee or director | 1 | $0 |
| Darrell Armour | Director Trustee or director | 1 | $0 |
| Mark Tuggle | Director Trustee or director | 1 | $0 |
| Francis Bowers | Director Trustee or director | 1 | $0 |
| Scott Blake | Director Trustee or director | 1 | $0 |
| Darold Sterling | President, Treasurer & Secretary Officer | 15 | $0 |
990 for the year ended September 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carl Worthy | Director Trustee or director | 1 | $0 |
| Darrell Armour | Director Trustee or director | 1 | $0 |
| Mark Tuggle | Director Trustee or director | 1 | $0 |
| Frances Thomas | Director Trustee or director | 1 | $0 |
| Scott Blake | Director Trustee or director | 1 | $0 |
| Darold Sterling | President Officer | 15 | $0 |
| Amy Lashley | Secretary & Treasurer Officer | 5 | $0 |
990 for the year ended September 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carl Worthy | Director Trustee or director | 1 | $0 |
| Darrell Armour | Director Trustee or director | 1 | $0 |
| Mark Tuggle | Director Trustee or director | 1 | $0 |
| Frances Thomas | Director Trustee or director | 1 | $0 |
| Scott Blake | Director Trustee or director | 1 | $0 |
| Darold Sterling | President Officer | 15 | $0 |
| Amy Lashley | Secretary & Treasurer Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 2110 COUNTY RD, ALEX CITY, AL 35010-3800
- Principal officer (990 for 2024)
- Darold Sterling, 2110 County Road, Alexander City, AL 35010
- Signed the 990
- Darold Sterling, President
- Phone
- (256) 329-2201
- Website
- www.alexcityhousing.org
- Return prepared by
- Aprio Advisory Group LLC
Mission
To provide decent, safe and sanitary housing for low- and moderate-income persons by acquiring, managing, or otherwise dealing with real property for the betterment of the community in the owning, renting, managing, selling, or financing homes, apartments, or other housing for persons of low income, including families, elderly, handicapped or disabled persons.
Program accomplishments
- To provide decent, safe and sanitary housing for low- and moderate-income persons by acquiring, managing, or otherwise dealing with real property for the betterment of the community in the owning, renting, managing, selling, or financing homes, apartments, or other housing for persons of low income, including families, elderly, handicapped or disabled persons.Expenses $76,933 · revenue $37,608
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 36-4850606
- 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
- 2021
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $631,424
- Income (IRS master file)
- $69,867
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $69,867 | $80,667 | $631,424 | XML |
| 990 | September 2024 | $69,667 | $65,908 | $642,865 | XML |
| 990 | September 2023 | $64,873 | $57,272 | $639,004 | XML |
| 990 | September 2022 | $51,865 | $53,596 | $632,951 | 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 36-4850606).
Questions about CENTRAL ALABAMA DEVELOPMENT CORPORATION
- What is the EIN of CENTRAL ALABAMA DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CENTRAL ALABAMA DEVELOPMENT CORPORATION is 36-4850606.
- Is CENTRAL ALABAMA DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to CENTRAL ALABAMA DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTRAL ALABAMA 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 CENTRAL ALABAMA DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTRAL ALABAMA DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of CENTRAL ALABAMA DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names Darold Sterling.
- Who are the officers and directors of CENTRAL ALABAMA DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does CENTRAL ALABAMA DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $69,867, expenses of $80,667 and total assets of $631,424 at year end.
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