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Nonprofit · EIN 46-5439010

ACS DEVELOPMENT COMPANY I INC

Tax-exempt · ATLANTA, GA 30303

Financials

$35.3M$332K2023$481K$1.3M2024$167K$279K2024
Revenue Expenses · by fiscal year end
Financials of ACS DEVELOPMENT COMPANY I INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$167,134$279,379-$112,245$41,629,933$54,808$41,575,125
December 31, 2024990$481,038$1,298,003-$816,965$41,770,649$83,279$41,687,370
December 31, 2023990$35,318,538$332,030$34,986,508$49,430,517$0$49,430,517
Financial details: 990 for the year ended March 31, 2025

Revenue

Contributions, gifts and grants
$62,500
Program service revenue
$0
Investment income
$0
Net rental income
$104,634
Other revenue
$104,634

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$64,323
Salaries, compensation and benefits (total)
$68,557
Professional fundraising fees
$0
Legal fees
$26,707
Occupancy
$112,517
Depreciation
$71,211
Program services (functional)
$235,664
Management and general (functional)
$43,715

Balance sheet and other

Total assets, start of year
$41,770,649
Total assets, end of year
$41,629,933
Total liabilities, end of year
$54,808
Net assets, end of year
$41,575,125
Land, buildings and equipment
$11,823,024
Net assets without donor restrictions
$41,512,625
Net assets with donor restrictions
$62,500
Gross receipts
$167,134
Employees
0
Volunteers
0
Year formed
2014
State of legal domicile
GA

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 March 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
ROBERT C COOKSECRETARY & DIRECTOR
Trustee or director, Officer
1$0
WAYNE A I FREDERICK MD MBA FACSPRESIDENT & DIRECTOR
Trustee or director, Officer
1$0
JOHN B WOODWARDDIRECTOR
Trustee or director
1$0
KAEL REICINTREASURER
Officer
1$0
LAURISA CURRANASSISTANT SECRETARY
Officer
1$0
MICHAEL L NEALVICE PRESIDENT
Officer
1$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KAREN E KNUDSEN PHDPRESIDENT & DIRECTOR, OUTGOING
Trustee or director, Officer
1$0$2,189,371$53,274
KAEL REICINTREASURER
Officer
1$0$1,273,730$48,911
MICHAEL L NEALVICE PRESIDENT
Officer
1$0$977,147$43,185
JOHN B WOODWARDDIRECTOR
Trustee or director
1$0$641,450$67,657
TIMOTHY B PHILLIPSASSISTANT SECRETARY, OUTGOING
Officer
1$0$677,507$15,644
WAYNE A I FREDERICK MD MBA FACSPRESIDENT & DIRECTOR
Trustee or director, Officer
1$0$601,730$0
LAURISA CURRANASSISTANT SECRETARY
Officer
1$0$310,905$46,194
ROBERT C COOKSECRETARY & DIRECTOR
Trustee or director, Officer
1$0$252,306$59,779
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KAREN E KNUDSEN PHDPRESIDENT & DIRECTOR
Trustee or director, Officer
1$0$1,404,895$115,406
KAEL REICINTREASURER
Officer
1$0$1,133,988$50,307
MICHAEL L NEALVICE PRESIDENT
Officer
1$0$830,990$98,156
TIMOTHY PHILLIPSASSISTANT SECRETARY
Officer
1$0$588,586$74,648
JOHN WOODWARDDIRECTOR
Trustee or director
1$0$552,699$98,222
ROBERT C COOKSECRETARY & DIRECTOR
Trustee or director, Officer
1$0$241,211$49,412
JUNG H KIMFORMER PRESIDENT
Former
0$0$128,068$0

Address and contacts

Address (IRS master file)
270 PEACHTREE ST NW STE 1300, ATLANTA, GA 30303-1246
In care of
% SHANE JACOBSON
Principal officer (990 for 2024)
SHANE JACOBSON, 270 PEACHTREE ST NW 1300, ATLANTA, GA 303031246
Signed the 990
SHANE JACOBSON, CEO
Phone
(800) 227-2345
Return prepared by
BDO USA

Mission

TO SUPPORT ACS BY DEVELOPING, OWNING AND OPERATING REAL PROPERTIES FOR USES IN THE FURTHERANCE OF THE MISSION OF ACS.

990 for the year ended March 31, 2025

Program accomplishments

  • Real property holdings - ACS Development Company I, Inc. holds and maintains real property for uses in furtherance of the mission of ACS. SALT LAKE CITY HOPE LODGE SPACE RENTAL - ACS HOPE LODGE IN SALT LAKE CITY, WHICH OPENED IN 2015, OFFERS 40 GUEST ROOMS LOCATED NEAR TREATMENT CENTERS IN THE AREA. HOPE LODGE OFFERS PEOPLE WITH CANCER AND THEIR CAREGIVERS A FREE PLACE TO STAY WHEN THE RIGHT CANCER CARE IS FAR FROM HOME. NOT HAVING TO WORRY ABOUT WHERE TO STAY OR HOW TO PAY FOR LODGING ALLOWS GUESTS TO FOCUS ON GETTING BETTER. HOPE LODGE PROVIDES A NURTURING, HOME-LIKE ENVIRONMENT WHERE GUESTS CAN RETREAT TO PRIVATE ROOMS OR CONNECT WITH OTHERS. EVERY HOPE LODGE ALSO OFFERS A VARIETY OF RESOURCES INCLUDING INFORMATION AND SUPPORT ABOUT CANCER TREATMENT AND SURVIVORSHIP. RENTAL INCOME: ACS DEVELOPMENT COMPANY I, INC.'S PURPOSE IS TO SUPPORT ACS BY DEVELOPING OWNING AND OPERATING REAL PROPERTY FOR USES IN FURTHERANCE OF THE MISSION OF ACS.
    Expenses $235,664 · revenue $104,634

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 March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024Check at the IRS

IRS record

EIN
46-5439010
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Exempt since
1942
Accounting year ends
March
Files
Form 990 or 990-EZ
Assets (IRS master file)
$41,629,933
Income (IRS master file)
$167,134

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2025$167,134$279,379$41,629,933XML
990December 2024$481,038$1,298,003$41,770,649IRS
990December 2023$35,318,538$332,030$49,430,517XML
990December 2022$418,538$382,251$14,636,356IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 46-5439010).

Questions about ACS DEVELOPMENT COMPANY I INC

What is the EIN of ACS DEVELOPMENT COMPANY I INC?
The employer identification number (EIN) of ACS DEVELOPMENT COMPANY I INC is 46-5439010.
Is ACS DEVELOPMENT COMPANY I INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1942.
Which annual return does ACS DEVELOPMENT COMPANY I 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 ACS DEVELOPMENT COMPANY I INC due?
The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ACS DEVELOPMENT COMPANY I INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2025.
Who is the principal officer of ACS DEVELOPMENT COMPANY I INC?
The 990 for the year ended March 31, 2025 names SHANE JACOBSON.
Who are the officers and directors of ACS DEVELOPMENT COMPANY I INC?
The 990 for the year ended March 31, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does ACS DEVELOPMENT COMPANY I INC have?
On its 990 for the year ended March 31, 2025 it reported revenue of $167,134, expenses of $279,379 and total assets of $41,629,933 at year end.

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