Nonprofit · EIN 46-3995603
BANYAN CLUB APARTMENTS HOLDING CORPORATION
Tax-exempt · WEST PALM BCH, FL 33406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,457,683 | $1,299,793 | $157,890 | $4,335,711 | $6,206,314 | -$1,870,603 |
| December 31, 2023 | 990 | $1,428,781 | $1,269,180 | $159,601 | $3,939,589 | $6,337,545 | -$2,397,956 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,433,131
- Investment income
- $15,910
- Other revenue
- $8,642
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $157,223
- Salaries, compensation and benefits (total)
- $157,223
- Professional fundraising fees
- $0
- Legal fees
- $762
- Accounting fees
- $27,284
- Occupancy
- $558,180
- Travel
- $339
- Depreciation
- $139,810
- Program services (functional)
- $1,200,340
- Management and general (functional)
- $99,453
Balance sheet and other
- Total assets, start of year
- $3,939,589
- Total assets, end of year
- $4,335,711
- Total liabilities, end of year
- $6,206,314
- Net assets, end of year
- -$1,870,603
- Land, buildings and equipment
- $3,121,045
- Net assets without donor restrictions
- -$1,870,603
- Gross receipts
- $1,457,683
- Employees
- 4
- Volunteers
- 3
- Year formed
- 2013
- State of legal domicile
- FL
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CAROL JONES-GILBERT | CEO Officer | 0.1 | $0 | $346,274 | $57,567 |
| TAD FULLER | TOP FINANCIAL OFFICIAL Officer | 0.1 | $0 | $130,426 | $20,499 |
| PHYLLIS CHOY | BOARD CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| DIGNA MEJIA | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| PAUL DUMARS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CAROL JONES-GILBERT | CEO Officer | 0.1 | $0 | $216,474 | $67,673 |
| PHYLLIS CHOY | BOARD CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| DIGNA MEJIA | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| PAUL DUMARS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3333 FOREST HILL BLVD, WEST PALM BCH, FL 33406-5812
- In care of
- % VAN JOHNSON
- Mailing address (990-N for 2013)
- 3432 WEST 45TH STREET, WEST PALM BEACH FL 33407
- Principal officer (990 for 2024)
- CAROL JONES-GILBERT, 3333 FOREST HILL BLVD, WEST PALM BEACH, FL 33406
- Principal officer (990-N for 2013)
- VAN JOHNSON, 3432 WEST 45TH STREET, WEST PALM BEACH FL 33407
- Signed the 990
- TAD J FULLER, TOP FINANCIAL OFFICIAL
- Phone
- (561) 684-2160
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
ACQUIRING, OWNING, HOLDING, MAINTAINING, AND OPERATING THE BANYAN CLUB APARTMENTS FOR AFFORDABLE HOUSING USE FOR CITIZENS OF PALM BEACH COUNTY WITH INCOMES AT 60% OR LESS OF THE AREA MEDIAN INCOME.
Program accomplishments
- BANYAN CLUB APARTMENTS OWNS AND OPERATES THE 148-UNIT RESIDENTIAL APARTMENT COMPLEX.Expenses $1,200,340 · revenue $1,433,131
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
- 46-3995603
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L99)
- Assets (IRS master file)
- $4,335,711
- Income (IRS master file)
- $1,457,683
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,457,683 | $1,299,793 | $4,335,711 | IRS |
| 990 | December 2023 | $1,428,781 | $1,269,180 | $3,939,589 | XML |
| 990 | December 2022 | $1,449,969 | $1,329,716 | $3,946,015 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: VAN JOHNSON | 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 46-3995603).
Questions about BANYAN CLUB APARTMENTS HOLDING CORPORATION
- What is the EIN of BANYAN CLUB APARTMENTS HOLDING CORPORATION?
- The employer identification number (EIN) of BANYAN CLUB APARTMENTS HOLDING CORPORATION is 46-3995603.
- Is BANYAN CLUB APARTMENTS HOLDING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to BANYAN CLUB APARTMENTS HOLDING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BANYAN CLUB APARTMENTS HOLDING 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 BANYAN CLUB APARTMENTS HOLDING 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 BANYAN CLUB APARTMENTS HOLDING 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 BANYAN CLUB APARTMENTS HOLDING CORPORATION?
- The 990 for the year ended December 31, 2024 names CAROL JONES-GILBERT.
- Who are the officers and directors of BANYAN CLUB APARTMENTS HOLDING CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does BANYAN CLUB APARTMENTS HOLDING CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,457,683, expenses of $1,299,793 and total assets of $4,335,711 at year end.
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