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Nonprofit · EIN 45-0320614

TOWER CITY DEVELOPMENT CORPORATION

Tax-exempt · CASSELTON, ND 58012

Financials

$85K$92K2023$104K$102K2024
Revenue Expenses · by fiscal year end
Financials of TOWER CITY DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$103,694$101,952$1,742$181,176$325,184-$144,008
December 31, 2023990$85,335$92,025-$6,690$193,766$339,516-$145,750
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$103,677
Investment income
$17
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$1,464
Accounting fees
$586
Depreciation
$11,980
Program services (functional)
$101,952

Balance sheet and other

Total assets, start of year
$193,766
Total assets, end of year
$181,176
Total liabilities, end of year
$325,184
Net assets, end of year
-$144,008
Land, buildings and equipment
$155,367
Net assets without donor restrictions
-$144,008
Gross receipts
$103,694
Employees
0
State of legal domicile
ND

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
RICK MCCLAFLINPRESIDENT
Officer
5$0
COREY HOVELSONVICE PRESIDENT
Officer
3$0
TIM RICHMANTREASURER
Officer
1$0
JUDY GUMKEOFFICER
Officer
1$0
JULIE NELSON-WANZEKOFFICER
Officer
10$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
RICK MCCLAFLINPRESIDENT
Officer
5$0
COREY HOVELSONVICE PRESIDENT
Officer
3$0
TIM RICHMANTREASURER
Officer
1$0
JUDY GUMKEOFFICER
Officer
1$0
JULIE NELSON-WANZEKOFFICER
Officer
10$0

Address and contacts

Address (IRS master file)
PO BOX 946, CASSELTON, ND 58012-0946
In care of
% JULIE NELSON-WANZEK
Mailing address (990-N for 2020)
PO Box 250, Hatton ND 58240
Principal officer (990 for 2024)
JULIE NELSONWANZEK, PO BOX 946, CASSELTON, ND 58012
Signed the 990
JULIE NELSON-WANZEK, MEMBER
Phone
(701) 240-8968
Return prepared by
OLSON TAX SERVICE LLC

Mission

THE ORGANIZATION OPERATES AND MAINTAINS A HOUSING FACILITY (16 2-BEDROOM UNITS) WHICH QUALIFIES FOR SUBSIDIZED LOW RENT HOUSING.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING LOW RENT HOUSING
    Expenses $102,951 · revenue $103,694

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

File the 2025 990-EZ for TOWER CITY DEVELOPMENT CORPORATION

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
45-0320614
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1974
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$181,176
Income (IRS master file)
$103,694

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$103,694$101,952$181,176XML
990December 2023$85,335$92,025$193,766XML
990December 2022$87,338$82,836$175,709IRS
990December 2021–––IRS
990-N for 2020December 31, 2020≤ $50,000 receipts––e-Postcard
990December 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 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 45-0320614).

Questions about TOWER CITY DEVELOPMENT CORPORATION

What is the EIN of TOWER CITY DEVELOPMENT CORPORATION?
The employer identification number (EIN) of TOWER CITY DEVELOPMENT CORPORATION is 45-0320614.
Is TOWER CITY DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1974.
Are donations to TOWER CITY DEVELOPMENT CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TOWER CITY 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 TOWER CITY DEVELOPMENT CORPORATION 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 TOWER CITY DEVELOPMENT CORPORATION 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 TOWER CITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names JULIE NELSONWANZEK.
Who are the officers and directors of TOWER CITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does TOWER CITY DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $103,694, expenses of $101,952 and total assets of $181,176 at year end.

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