Nonprofit · EIN 54-1579956
GALAX COMMUNITY APARTMENTS CORPORATION
Tax-exempt · CHRISTIANSBRG, VA 24073
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $75,371 | $89,620 | -$14,249 | $330,691 | $4,663 | $326,028 |
| December 31, 2023 | 990-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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Racquel Reddie | Board Chair | 1 | $0 |
| Ana Castilla | Vice Chair | 1 | $0 |
| Charles Famuliner | Past Chair | 1 | $0 |
| Nathan Kerr | Member | 1 | $0 |
| Shawn McMahon | Member | 1 | $0 |
| Harold Nassau | Member | 1 | $0 |
| John Randolph | Member | 1 | $0 |
| Deborah Sherman Lee | Member | 1 | $0 |
| Susan Sisk | Member | 1 | $0 |
| Jeffrey Reed | CEO/President | 1 | $0 |
| J Andy Hall | Chief Operating Officer | 1 | $0 |
| Lance Sutherland | EVP/CFO | 1 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ana Castilla | Vice Chair | 1 | $0 |
| Charles Famuliner | Past Chair | 1 | $0 |
| Debbie Sherman Lee | Member | 1 | $0 |
| Freddie Paige | member | 1 | $0 |
| John Randolph | Member | 1 | $0 |
| Racquel Reddie | Chair | 1 | $0 |
| Shawn McMahon | Member | 1 | $0 |
| Susan Sisk | Member | 1 | $0 |
| Janaka Casper | CEO | 1 | $0 |
| Jeffrey Reed | President | 1 | $0 |
| Andy Hall | COO | 1 | $0 |
| Lance Sutherland | EVP/CFO | 1 | $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
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 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-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
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $75,371 | $89,620 | $330,691 | IRS |
| 990-EZ | December 2023 | $72,591 | $91,024 | $344,344 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 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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