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Nonprofit · EIN 54-1579956

GALAX COMMUNITY APARTMENTS CORPORATION

Tax-exempt · CHRISTIANSBRG, VA 24073

Financials

$73K$91K2023$75K$90K2024
Revenue Expenses · by fiscal year end
Financials of GALAX COMMUNITY APARTMENTS CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$75,371$89,620-$14,249$330,691$4,663$326,028
December 31, 2023990-EZ$72,591$91,024-$18,433$344,344$4,067$340,277
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Program service revenue
$74,204
Investment income
$101
Other revenue
$1,066

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$20,689
Professional fees and payments to contractors
$3,019
Other expenses
$65,912
Program services (functional)
$89,620

Balance sheet and other

Total assets, start of year
$344,344
Total assets, end of year
$330,691
Total liabilities, end of year
$4,663
Net assets, end of year
$326,028
Cash, savings and investments
$5,725
Land and buildings
$244,848
Gross receipts
$75,371

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Racquel ReddieBoard Chair1$0
Ana CastillaVice Chair1$0
Charles FamulinerPast Chair1$0
Nathan KerrMember1$0
Shawn McMahonMember1$0
Harold NassauMember1$0
John RandolphMember1$0
Deborah Sherman LeeMember1$0
Susan SiskMember1$0
Jeffrey ReedCEO/President1$0
J Andy HallChief Operating Officer1$0
Lance SutherlandEVP/CFO1$0
990-EZ for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
Ana CastillaVice Chair1$0
Charles FamulinerPast Chair1$0
Debbie Sherman LeeMember1$0
Freddie Paigemember1$0
John RandolphMember1$0
Racquel ReddieChair1$0
Shawn McMahonMember1$0
Susan SiskMember1$0
Janaka CasperCEO1$0
Jeffrey ReedPresident1$0
Andy HallCOO1$0
Lance SutherlandEVP/CFO1$0

Address and contacts

Address (IRS master file)
448 DEPOT ST NE, CHRISTIANSBRG, VA 24073-2050
Signed the 990-EZ
Jeffrey Reed, President
Phone
(540) 382-2002
Return prepared by
Forvis Mazars LLP

Mission

LOW INCOME HOUSING

990-EZ for the year ended December 31, 2024

Program accomplishments

  • THE CORPORATION OWNS AND OPERATES 10 UNITS OF HOUSING FOR THE CHRONICALLY MENTALLY ILL LOCATED IN GALAX, VA. THE PROJECT IS OPERATED UNDER SECTION 811 OF THE NATIONAL ACT REGULATED BY HUD.
    Expenses $89,620

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-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
54-1579956
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1991
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$330,691
Income (IRS master file)
$75,371

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$75,371$89,620$330,691IRS
990-EZDecember 2023$72,591$91,024$344,344XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS
990-EZDecember 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 54-1579956).

Questions about GALAX COMMUNITY APARTMENTS CORPORATION

What is the EIN of GALAX COMMUNITY APARTMENTS CORPORATION?
The employer identification number (EIN) of GALAX COMMUNITY APARTMENTS CORPORATION is 54-1579956.
Is GALAX COMMUNITY APARTMENTS CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
Are donations to GALAX COMMUNITY APARTMENTS CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does GALAX COMMUNITY APARTMENTS 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 GALAX COMMUNITY APARTMENTS 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 GALAX COMMUNITY APARTMENTS CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of GALAX COMMUNITY APARTMENTS CORPORATION?
The 990-EZ for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does GALAX COMMUNITY APARTMENTS CORPORATION have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $75,371, expenses of $89,620 and total assets of $330,691 at year end.

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