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Nonprofit · EIN 45-5268425

REGAL OAKS APARTMENTS INC

Tax-exempt · HENDERSONVLLE, NC 28792

Financials

$149K$249K2023$147K$328K2024
Revenue Expenses · by fiscal year end
Financials of REGAL OAKS APARTMENTS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$147,354$328,053-$180,699$2,609,377$3,581,789-$972,412
December 31, 2023990$149,492$248,797-$99,305$2,801,197$3,592,910-$791,713
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$57,009
of which government grants
$57,009
Program service revenue
$106,469
Investment income
-$16,124
Net gain from sales of assets
-$16,285
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$5,000
Occupancy
$44,053
Depreciation
$84,436
Program services (functional)
$316,743
Management and general (functional)
$11,310

Balance sheet and other

Total assets, start of year
$2,801,197
Total assets, end of year
$2,609,377
Total liabilities, end of year
$3,581,789
Net assets, end of year
-$972,412
Land, buildings and equipment
$2,532,736
Net assets without donor restrictions
-$972,412
Gross receipts
$163,639
Employees
0
Volunteers
14
Year formed
2014
State of legal domicile
NC

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
STEVE WILKIEPRESIDENT
Trustee or director, Officer
2$0
TYLER HENRYVICE PRESIDENT
Trustee or director, Officer
2$0
SONYA FLYNNSECRETARY
Trustee or director, Officer
2$0
JENNIFER DUVALLTREASURER
Trustee or director, Officer
2$0
BLANCA SANCHEZDIRECTOR
Trustee or director
1$0
MALLORY BENJAMINDIRECTOR
Trustee or director
1$0
NORY LEBRUNDIRECTOR
Trustee or director
1$0
JENNIFER MAYNORDIRECTOR
Trustee or director
1$0
NOELLE MCKAYDIRECTOR
Trustee or director
1$0
ITZIA MORENODIRECTOR
Trustee or director
1$0
DOUG HARRISDIRECTOR
Trustee or director
1$0
HILTON SWINGDIRECTOR
Trustee or director
1$0
JANE MAYERDIRECTOR
Trustee or director
1$0
KEITH NORTONDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensation
SHERYL FORTUNEPRESIDENT
Trustee or director, Officer
2$0
DANIEL HEYMANVICE PRESIDENT
Trustee or director, Officer
2$0
JENNIFER DUVALLTREASURER
Trustee or director, Officer
2$0
BLANCA SANCHEZSECRETARY
Trustee or director, Officer
2$0
MALLORY BENJAMINDIRECTOR
Trustee or director
1$0
SONYA FLYNNDIRECTOR
Trustee or director
1$0
CANDI GUFFEYDIRECTOR
Trustee or director
1$0
TYLER HENRYDIRECTOR
Trustee or director
1$0
MARYANN HOLLOCKERDIRECTOR
Trustee or director
1$0
NORY LEBRUNDIRECTOR
Trustee or director
1$0
KRISTEN LEEDIRECTOR
Trustee or director
1$0
ELLEN MACDONALD-ALMAZANDIRECTOR
Trustee or director
1$0
JENNIFER MAYNORDIRECTOR
Trustee or director
1$0
STEVE WILKIEDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
214 N KING ST, HENDERSONVLLE, NC 28792-5055
In care of
% THE HOUSING ASSISTANCE CORPORATIO
Mailing address (990-N for 2013)
602 Kanuga Road, Hendersonville NC 28739
Principal officer (990 for 2024)
JANE MAYER, 214 NORTH KING STREET, HENDERSONVILLE, NC 28792
Principal officer (990-N for 2013)
Brett Shaffer, 602 Kanuga Road, Hendersonville NC 28739
Signed the 990
JANE MAYER, PRESIDENT
Phone
(828) 692-4744
Return prepared by
BERNARD ROBINSON & COMPANY LLP

Mission

OWN AND OPERATE REGAL OAKS APARTMENTS, A 24-UNIT APARTMENT COMPLEX, UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS LOCATED IN HENDERSONVILLE, NORTH CAROLINA AND IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENTAL RATES AND OPERATING METHODS. ADDITIONALLY, UNITS IN THE PROJECT ARE COVERED UNDER A PROJECT RENTAL ASSISTANCE CONTRACT WITH HUD AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD.

990 for the year ended December 31, 2024

Program accomplishments

  • OWN AND OPERATE A 24 UNIT APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.
    Expenses $316,743 · revenue $106,469

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
45-5268425
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
2012
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,609,377
Income (IRS master file)
$163,639

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$147,354$328,053$2,609,377XML
990December 2023$149,492$248,797$2,801,197XML
990December 2022$163,069$262,843$2,900,460IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS
990-N for 2013
Officer: Brett Shaffer
December 31, 2013≤ $50,000 receipts––e-Postcard

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 45-5268425).

Questions about REGAL OAKS APARTMENTS INC

What is the EIN of REGAL OAKS APARTMENTS INC?
The employer identification number (EIN) of REGAL OAKS APARTMENTS INC is 45-5268425.
Is REGAL OAKS APARTMENTS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
Are donations to REGAL OAKS APARTMENTS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does REGAL OAKS APARTMENTS 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 REGAL OAKS APARTMENTS INC 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 REGAL OAKS APARTMENTS INC 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 REGAL OAKS APARTMENTS INC?
The 990 for the year ended December 31, 2024 names JANE MAYER.
Who are the officers and directors of REGAL OAKS APARTMENTS INC?
The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
How much revenue does REGAL OAKS APARTMENTS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $147,354, expenses of $328,053 and total assets of $2,609,377 at year end.

Other nonprofits in HENDERSONVLLE

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