Nonprofit · EIN 42-1186191
JACOBS PLACE
Tax-exempt · DES MOINES, IA 50321
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $794,140 | $771,046 | $23,094 | $2,391,948 | $1,781,537 | $610,411 |
| December 31, 2023 | 990 | $755,735 | $690,022 | $65,713 | $2,431,955 | $1,844,638 | $587,317 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $388,395
- of which government grants
- $388,395
- Program service revenue
- $383,775
- Investment income
- $10,730
- Other revenue
- $11,240
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $18,237
- Occupancy
- $440,006
- Depreciation
- $121,620
- Program services (functional)
- $602,016
- Management and general (functional)
- $169,030
Balance sheet and other
- Total assets, start of year
- $2,431,955
- Total assets, end of year
- $2,391,948
- Total liabilities, end of year
- $1,781,537
- Net assets, end of year
- $610,411
- Land, buildings and equipment
- $1,742,739
- Net assets without donor restrictions
- $610,411
- Gross receipts
- $794,140
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1982
- State of legal domicile
- IA
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 |
|---|---|---|---|
| JOHN WETHERELL | PRESIDENT Trustee or director, Officer | 0.1 | $0 |
| PHYLLIS BLOOD MELTON | TREASURER Trustee or director, Officer | 0.1 | $0 |
| SKEET WOOTTEN | DIRECTOR Trustee or director | 0.1 | $0 |
| MARTHA KESTER | DIRECTOR Trustee or director | 0.1 | $0 |
| DASHLE KELLEY | DIRECTOR Trustee or director | 0.1 | $0 |
| STEPHANIE MORRISON | SECRETARY Trustee or director, Officer | 0.1 | $0 |
| DUANE SAND | DIRECTOR Trustee or director | 0.1 | $0 |
| JIM RYAN | DIRECTOR Trustee or director | 0.1 | $0 |
| BETSY VAN HAAFTEN | DIRECTOR Trustee or director | 0.1 | $0 |
| NICOLA DANCE CHASE | DIRECTOR (EX-OFFICIO) Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN WETHERELL | PRESIDENT Trustee or director, Officer | 0.1 | $0 |
| PHYLLIS BLOOD MELTON | TREASURER Trustee or director, Officer | 0.1 | $0 |
| MARK SHERINIAN | FORMER SECRETARY Trustee or director, Officer | 0.1 | $0 |
| SKEET WOOTTEN | SR. WARDEN Trustee or director | 0.1 | $0 |
| JIM RYAN | DIRECTOR Trustee or director | 0.1 | $0 |
| MARTHA KESTER | DIRECTOR Trustee or director | 0.1 | $0 |
| DASHLE KELLEY | DIRECTOR Trustee or director | 0.1 | $0 |
| STEPHANIE WELLS | DIRECTOR Trustee or director | 0.1 | $0 |
| STEPHANIE MORRISON | SECRETARY Trustee or director, Officer | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 2930 BELL AVE, DES MOINES, IA 50321-1421
- In care of
- % DARWINT T LYNNER CO INC
- Principal officer (990 for 2024)
- JOHN WETHERELL, 655 49TH STREET, DES MOINES, IA 50312
- Signed the 990
- JOHN WETHERELL, PRESIDENT
- Phone
- (515) 243-8300
- Return prepared by
- DAUBY O'CONNOR & ZALESKI LLC
Mission
JACOBS PLACE APARTMENTS IS AN IOWA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE AN 82 UNIT APARTMENT COMMUNITY KNOWN AS JACOBS PLACE LOCATED IN DES MOINES, IOWA. THE COMMUNITY WAS ORIGINALLY FINANCED WITH A LOAN INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. IN OCTOBER 2006, THE CORPORATION REFINANCED ITS ORIGINAL HUD INSURED MORTGAGE WITH A NEW HUD INSURED MORTGAGE UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.
Program accomplishments
- JACOBS PLACE APARTMENTS IS AN IOWA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE AN 82 UNIT APARTMENT COMMUNITY KNOWN AS JACOBS PLACE LOCATED IN DES MOINES, IOWA. THE COMMUNITY WAS ORIGINALLY FINANCED WITH A LOAN INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. IN OCTOBER 2006, THE CORPORATION REFINANCED ITS ORIGINAL HUD INSURED MORTGAGE WITH A NEW HUD INSURED MORTGAGE UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.Expenses $602,016 · revenue $383,775
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
- 42-1186191
- 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
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $2,391,948
- Income (IRS master file)
- $794,140
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $794,140 | $771,046 | $2,391,948 | XML |
| 990 | December 2023 | $755,735 | $690,022 | $2,431,955 | XML |
| 990 | December 2022 | $731,691 | $681,472 | $2,406,083 | 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 42-1186191).
Questions about JACOBS PLACE
- What is the EIN of JACOBS PLACE?
- The employer identification number (EIN) of JACOBS PLACE is 42-1186191.
- Is JACOBS PLACE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to JACOBS PLACE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does JACOBS PLACE 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 JACOBS PLACE 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 JACOBS PLACE 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 JACOBS PLACE?
- The 990 for the year ended December 31, 2024 names JOHN WETHERELL.
- Who are the officers and directors of JACOBS PLACE?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does JACOBS PLACE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $794,140, expenses of $771,046 and total assets of $2,391,948 at year end.
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- INVEST DSM EIN 84-2607571 · last filed 990 for 2025
- CENTRAL IOWA SHELTER & SERVICES EIN 42-1394212 · last filed 990 for 2025
- POLK COUNTY HOUSING TRUST FUND EIN 42-1510879 · last filed 990 for 2025
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- HOME OPPORTUNITIES MADE EASY INC EIN 42-0931497 · last filed 990 for 2025