Nonprofit · EIN 54-1675515
BIZNET INCORPORATED
Tax-exempt · NORFOLK, VA 23517
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $237,989 | $255,300 | -$17,311 | $1,494,484 | $240,877 | $1,253,607 |
| June 30, 2024 | 990 | $184,039 | $151,912 | $32,127 | $1,531,421 | $260,504 | $1,270,917 |
| June 30, 2023 | 990 | $153,177 | $174,300 | -$21,123 | $1,515,966 | $277,176 | $1,238,790 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $26,846
- Program service revenue
- $189,426
- Investment income
- $17,314
- Net gain from sales of assets
- $10,644
- Net income from fundraising events
- $4,403
- Other revenue
- $4,403
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $10,625
- Depreciation
- $50,511
- Program services (functional)
- $234,790
- Management and general (functional)
- $19,542
- Fundraising (functional)
- $968
Balance sheet and other
- Total assets, start of year
- $1,531,421
- Total assets, end of year
- $1,494,484
- Total liabilities, end of year
- $240,877
- Net assets, end of year
- $1,253,607
- Land, buildings and equipment
- $1,202,412
- Publicly traded securities
- $207,118
- Net assets without donor restrictions
- $1,253,607
- Gross receipts
- $296,811
- Employees
- 0
- Year formed
- 1993
- State of legal domicile
- VA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY BARTEL | OFFICER Officer | – | $0 |
| JANET EARNEST | OFFICER Officer | – | $0 |
| EARL SHIRLEY HARPER | OFFICER Officer | – | $0 |
| KAREN HONORE | OFFICER Officer | – | $0 |
| WILLIAM R CROSBY JR | TREASURER Officer | – | $0 |
| TOM LAIDLAW | PRESIDENT Officer | – | $0 |
| ELIZABETH LAKE | COMMUNITY EN Officer | – | $0 |
| JACK LAPKE | OFFICER Officer | – | $0 |
| CHRIS DAVIS MS | VICE PRESIDE Officer | – | $0 |
| JAY T LAZIER PHD | OFFICER Officer | – | $0 |
| JOHN BRYANT RICHARDSON | OFFICER Officer | – | $0 |
| BREESE R SPRUILL | OPERATIONS & Officer | – | $0 |
| JANIS THOMAS | OFFICER Officer | – | $0 |
| SUSAN VERTULLO | OFFICER Officer | – | $0 |
| BECKY WENTWORTH | SECRETARY Officer | – | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY BARTEL | OFFICER Officer | – | $0 |
| JANET EARNEST | OFFICER Officer | – | $0 |
| EARL SHIRLEY HARPER | OFFICER Officer | – | $0 |
| KAREN HONORE | OFFICER Officer | – | $0 |
| WILLIAM R CROSBY JR | TREASURER Officer | – | $0 |
| TOM LAIDLAW | PRESIDENT Officer | – | $0 |
| ELIZABETH LAKE | COMMUNITY EN Officer | – | $0 |
| JACK LAPKE | OFFICER Officer | – | $0 |
| CHRIS DAVIS MS | VICE PRESIDE Officer | – | $0 |
| JAY T LAZIER PHD | OFFICER Officer | – | $0 |
| JOHN BRYANT RICHARDSON | OFFICER Officer | – | $0 |
| BREESE R SPRUILL | OPERATIONS & Officer | – | $0 |
| JANIS THOMAS | OFFICER Officer | – | $0 |
| SUSAN VERTULLO | OFFICER Officer | – | $0 |
| BECKY WENTWORTH | SECRETARY Officer | – | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY BARTEL | OFFICER Officer | – | $0 |
| JANET EARNEST | OFFICER Officer | – | $0 |
| EARL SHIRLEY HARPER | OFFICER Officer | – | $0 |
| KAREN HONORE | OFFICER Officer | – | $0 |
| WILLIAM R CROSBY JR | TREASURER Officer | – | $0 |
| TOM LAIDLAW | PRESIDENT Officer | – | $0 |
| ELIZABETH LAKE | COMMUNITY EN Officer | – | $0 |
| JACK LAPKE | OFFICER Officer | – | $0 |
| CHRIS DAVIS MS | VICE PRESIDE Officer | – | $0 |
| JAY T LAZIER PHD | OFFICER Officer | – | $0 |
| JOHN BRYANT RICHARDSON | OFFICER Officer | – | $0 |
| BREESE R SPRUILL | OPERATIONS & Officer | – | $0 |
| JANIS THOMAS | OFFICER Officer | – | $0 |
| SUSAN VERTULLO | OFFICER Officer | – | $0 |
| BECKY WENTWORTH | SECRETARY Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 537 W 20TH ST APT 205, NORFOLK, VA 23517-1943
- In care of
- % JEFFREY S LOEB
- Principal officer (990 for 2024)
- WILLIAM R CROSBY JR, 2716 SONNET LN, VIRGINIA BEACH, VA 23456
- Signed the 990
- WILLIAM R CROSBY JR, TREASURER
- Phone
- (757) 955-0774
- Website
- WWW.HEARTSANDHOMESVA.ORG
- Return prepared by
- ZUKERMAN & ASSOCIATES LTD
Mission
PROVIDING ADULTS WHO HAVE DEVELOPMENTAL DISABILITIES WITH HOUSING AND DAILY COMMUNITY LIVING OPPORTUNITIES IN SOUTHEASTERN VIRGINIA.
Program accomplishments
- THE ORGANIZATION OWNS SEVERAL CONDOMINIUMS, TOWNHOMES AND A SINGLE FAMILY HOME FOR SPECIALITY NEEDS INDIVIDUALS.Expenses $184,279
- THE ORGANIZATION OWNS SEVERAL CONDOMINIUMS, TOWNHOMES AND A SINGLE FAMILY HOME FOR SPECIALITY NEEDS INDIVIDUALS.Expenses $50,511
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1675515
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P80)
- Assets (IRS master file)
- $1,494,484
- Income (IRS master file)
- $296,811
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $237,989 | $255,300 | $1,494,484 | XML |
| 990 | June 2024 | $184,039 | $151,912 | $1,531,421 | IRS |
| 990 | June 2023 | $153,177 | $174,300 | $1,515,966 | XML |
| 990 | June 2022 | $156,761 | $211,285 | $1,554,878 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 54-1675515).
Questions about BIZNET INCORPORATED
- What is the EIN of BIZNET INCORPORATED?
- The employer identification number (EIN) of BIZNET INCORPORATED is 54-1675515.
- Is BIZNET INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to BIZNET INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BIZNET INCORPORATED 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 BIZNET INCORPORATED due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BIZNET INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BIZNET INCORPORATED?
- The 990 for the year ended June 30, 2025 names WILLIAM R CROSBY JR.
- Who are the officers and directors of BIZNET INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does BIZNET INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $237,989, expenses of $255,300 and total assets of $1,494,484 at year end.
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