Nonprofit · EIN 42-1485140
DIAMOND HEIGHTS INC
Tax-exempt · DES MOINES, IA 50321
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $127,790 | $170,844 | -$43,054 | $434,819 | $1,146,544 | -$711,725 |
| June 30, 2024 | 990 | $126,204 | $151,596 | -$25,392 | $475,458 | $1,150,817 | -$675,359 |
| June 30, 2023 | 990 | $103,614 | $142,103 | -$38,489 | $501,196 | $1,151,163 | -$649,967 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $61,860
- of which government grants
- $61,860
- Program service revenue
- $68,126
- Investment income
- -$5,147
- Net gain from sales of assets
- -$5,350
- Other revenue
- $2,951
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,565
- Occupancy
- $79,073
- Depreciation
- $43,000
- Program services (functional)
- $125,577
- Management and general (functional)
- $45,267
Balance sheet and other
- Total assets, start of year
- $475,458
- Total assets, end of year
- $434,819
- Total liabilities, end of year
- $1,146,544
- Net assets, end of year
- -$711,725
- Land, buildings and equipment
- $385,291
- Net assets without donor restrictions
- -$711,725
- Gross receipts
- $133,140
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2000
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLY BUTTS-ELSTON | PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| BARBARA REDMOND | VICE PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| ABBIE M GAFFEY | MEMBER Trustee or director | 0.2 | $0 |
| CANDACE PHIPPS | MEMBER Trustee or director | 0.2 | $0 |
| ELAINE EISELE | MEMBER Trustee or director | 0.2 | $0 |
| VICKY LOHRY | MEMBER Trustee or director | 0.2 | $0 |
| SHERRI MCDONALD | MEMBER Trustee or director | 0.2 | $0 |
| ALISHA FRADY | MEMBER Trustee or director | 0.2 | $0 |
| GERI JOHNSON | MEMBER Trustee or director | 0.2 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLY BUTTS-ELSTON | PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| BARBARA REDMOND | VICE PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| ABBIE M GAFFEY | MEMBER Trustee or director | 0.2 | $0 |
| CANDACE PHIPPS | MEMBER Trustee or director | 0.2 | $0 |
| ELAINE EISELE | MEMBER Trustee or director | 0.2 | $0 |
| GERI JOHNSON | MEMBER Trustee or director | 0.2 | $0 |
| SHERRI MCDONALD | MEMBER Trustee or director | 0.2 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLY BUTTS-ELSTON | PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| BARBARA REDMOND | VICE PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| ABBIE M GAFFEY | MEMBER Trustee or director | 0.2 | $0 |
| CANDACE PHIPPS | MEMBER Trustee or director | 0.2 | $0 |
| ELAINE EISELE | MEMBER Trustee or director | 0.2 | $0 |
| GERI JOHNSON | MEMBER Trustee or director | 0.2 | $0 |
| SHERRI MCDONALD | MEMBER Trustee or director | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- 2930 BELL AVE, DES MOINES, IA 50321-1421
- In care of
- % RICK MOTZ
- Principal officer (990 for 2024)
- KELLY BUTTS-ELSTON, 2930 BELL AVENUE, DES MOINES, IA 50321
- Signed the 990
- KELLY BUTTS-ELSTON, PRESIDENT
- Phone
- (515) 243-8300
- Return prepared by
- DAUBY O'CONNOR & ZALESKI LLC
Mission
HOUSING FOR LOW INCOME ELDERLY
Program accomplishments
- EXPENSES INCURRED TO OPERATE A 16 UNIT APARTMENT COMPLEX FOR THE ELDERLY, FINANCED WITH A CAPITAL ADVANCE ISSUED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. TENANT RENT IS SUBSIDIZED BY SECTION 202 PRAC ASSISTANCE. PRAC IS SUBSIDIES PROVIDED TO ELIGIBLE RESIDENTS BY HUD TO ENABLE SUCH RESIDENTS TO LIVE IN SAFE, ADEQUATE HOUSING FACILITIES THEY COULD NOT OTHERWISE AFFORD.Expenses $125,577 · revenue $62,766
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
- 42-1485140
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $434,819
- Income (IRS master file)
- $133,140
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $127,790 | $170,844 | $434,819 | XML |
| 990 | June 2024 | $126,204 | $151,596 | $475,458 | XML |
| 990 | June 2023 | $103,614 | $142,103 | $501,196 | XML |
| 990 | June 2022 | $98,900 | $126,127 | $531,711 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 42-1485140).
Questions about DIAMOND HEIGHTS INC
- What is the EIN of DIAMOND HEIGHTS INC?
- The employer identification number (EIN) of DIAMOND HEIGHTS INC is 42-1485140.
- Is DIAMOND HEIGHTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to DIAMOND HEIGHTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DIAMOND HEIGHTS 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 DIAMOND HEIGHTS INC 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 DIAMOND HEIGHTS INC 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 DIAMOND HEIGHTS INC?
- The 990 for the year ended June 30, 2025 names KELLY BUTTS-ELSTON.
- Who are the officers and directors of DIAMOND HEIGHTS INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does DIAMOND HEIGHTS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $127,790, expenses of $170,844 and total assets of $434,819 at year end.
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