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Nonprofit · EIN 42-6240234

TIPTON SENIOR PARK

Tax-exempt · INDEPENDENCE, IA 50644

Financials

$208K$229K2023$250K$233K2024
Revenue Expenses · by fiscal year end
Financials of TIPTON SENIOR PARK by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$250,446$232,644$17,802$809,131$304,408$504,723
December 31, 2023990$207,803$228,838-$21,035$804,795$317,874$486,921
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$8,177
of which government grants
$8,177
Program service revenue
$241,550
Investment income
$719
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$18,107
Salaries, compensation and benefits (total)
$18,107
Professional fundraising fees
$0
Accounting fees
$1,893
Occupancy
$84,884
Depreciation
$55,994
Program services (functional)
$223,721
Management and general (functional)
$8,923

Balance sheet and other

Total assets, start of year
$804,795
Total assets, end of year
$809,131
Total liabilities, end of year
$304,408
Net assets, end of year
$504,723
Land, buildings and equipment
$533,506
Net assets without donor restrictions
$454,576
Net assets with donor restrictions
$50,147
Gross receipts
$250,446
Employees
0
Year formed
1974
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.

NameTitleHours / weekCompensation
LEE BEINEDIRECTOR
Trustee or director
0.1$0
RON HEMBRYDIRECTOR
Trustee or director
0.1$0
KENNETH MULLERSECRETARY/TR
Trustee or director, Officer
0.1$0
TERRI PECKVICE PRESIDE
Trustee or director, Officer
0.1$0
KIMBERLY REGENNITTERPRESIDENT
Trustee or director, Officer
0.1$0
DENISE WHEELERDIRECTOR
Trustee or director
0.1$0
ALVIN WRIGHTDIRECTOR
Trustee or director
0.1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
LEE BEINEDIRECTOR
Trustee or director
0.1$0
RON HEMBRYDIRECTOR
Trustee or director
0.1$0
KENNETH MULLERSECRETARY/TR
Trustee or director, Officer
0.4$0
TERRI PECKVICE PRESIDE
Trustee or director, Officer
0.1$0
KIMBERLY REGENNITTERPRESIDENT
Trustee or director, Officer
0.1$0
DENISE WHEELERDIRECTOR
Trustee or director
0.1$0
ALVIN WRIGHTDIRECTOR
Trustee or director
0.1$0

Address and contacts

Address (IRS master file)
302 1ST ST E, INDEPENDENCE, IA 50644-2815
Principal officer (990 for 2024)
KIMBERLY REGENNITTER, 301 1ST STREET EAST, INDEPENDENCE, IA 50644
Signed the 990
TIFFANY NABHOLZ, MANAGER
Phone
(319) 334-7110
Return prepared by
GOSLING & COMPANY PC

Mission

PROVIDE MODERATE & LOW INCOME SENIOR HOUSING.

990 for the year ended December 31, 2024

Program accomplishments

  • THE CORPORATION WAS ORGANIZED FOR THE PURPOSE OF ACQUIRING, CONSTRUCTING AND OPERATING RENTAL HOUSING AND RELATED FACILITIES FOR THE LIVING REQUIREMENTS OF ELDERLY RURAL RESIDENTS OF LOW OR MODERATE INCOME.
    Expenses $223,721 · revenue $241,550

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
42-6240234
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1975
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$809,131
Income (IRS master file)
$250,446

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$250,446$232,644$809,131XML
990December 2023$207,803$228,838$804,795XML
990December 2022$223,376$209,196$829,394IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 42-6240234).

Questions about TIPTON SENIOR PARK

What is the EIN of TIPTON SENIOR PARK?
The employer identification number (EIN) of TIPTON SENIOR PARK is 42-6240234.
Is TIPTON SENIOR PARK tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1975.
Are donations to TIPTON SENIOR PARK tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TIPTON SENIOR PARK 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 TIPTON SENIOR PARK 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 TIPTON SENIOR PARK 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 TIPTON SENIOR PARK?
The 990 for the year ended December 31, 2024 names KIMBERLY REGENNITTER.
Who are the officers and directors of TIPTON SENIOR PARK?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does TIPTON SENIOR PARK have?
On its 990 for the year ended December 31, 2024 it reported revenue of $250,446, expenses of $232,644 and total assets of $809,131 at year end.

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