Nonprofit · EIN 54-1702741
ANNETTA M LANE HOUSING INC
Tax-exempt · NORFOLK, VA 23504
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $408,143 | $406,839 | $1,304 | $1,036,655 | $2,026,579 | -$989,924 |
| March 31, 2024 | 990 | $391,536 | $363,949 | $27,587 | $1,033,338 | $2,024,566 | -$991,228 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $234,265
- of which government grants
- $234,265
- Program service revenue
- $153,484
- Investment income
- $17,791
- Other revenue
- $2,603
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,036
- Occupancy
- $213,860
- Travel
- $100
- Depreciation
- $48,096
- Program services (functional)
- $261,957
- Management and general (functional)
- $144,882
Balance sheet and other
- Total assets, start of year
- $1,033,338
- Total assets, end of year
- $1,036,655
- Total liabilities, end of year
- $2,026,579
- Net assets, end of year
- -$989,924
- Land, buildings and equipment
- $549,884
- Net assets without donor restrictions
- -$989,924
- Gross receipts
- $408,143
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1994
- 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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DIANE NEWELL | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| DORETTA GILLIAM | CHAPLAIN Trustee or director | 0.5 | $0 |
| MARY ANN RAMBERT | ASSISTANT SECRETARY Trustee or director | 0.5 | $0 |
| MARY JANE NEWSOME | MEMBER Trustee or director | 0.5 | $0 |
| REGINA TAYLOR | MEMBER Trustee or director | 0.5 | $0 |
| CATHERINE JONES-LEWIS | MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended March 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LODIES GLOSTON | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| ZORITA CORBETT-ROANE | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| GLORIA P JOYNER | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| DORETTA GILLIAM | CHAPLAIN Trustee or director | 0.5 | $0 |
| MARY ANN RAMBERT | ASSISTANT SECRETARY Trustee or director | 0.5 | $0 |
| MARY JANE NEWSOME | MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1620 CHURCH ST, NORFOLK, VA 23504-2312
- Principal officer (990 for 2024)
- DIANE NEWELL, 1620 CHURCH ST, NORFOLK, VA 23504
- Signed the 990
- DIANE NEWELL, PRESIDENT
- Phone
- (757) 622-3969
- Return prepared by
- DAUBY O'CONNOR & ZALESKI LLC
Mission
ANNETTA M. LANE, INC., A VIRGINIA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO OWN AND OPERATE A 40-UNIT APARTMENT COMMUNITY IN NORFOLK, VIRGINIA, KNOWN AS ANNETTA M. LANE, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE CORPORATION LEASES APARTMENT UNITS TO LOW-INCOME FAMILIES OR PERSONS IN THE NORMAL COURSE OF BUSINESS.
Program accomplishments
- ANNETTA M. LANE, INC., A VIRGINIA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO OWN AND OPERATE A 40-UNIT APARTMENT COMMUNITY IN NORFOLK, VIRGINIA, KNOWN AS ANNETTA M. LANE, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE CORPORATION LEASES APARTMENT UNITS TO LOW-INCOME FAMILIES OR PERSONS IN THE NORMAL COURSE OF BUSINESS.Expenses $261,957 · revenue $153,484
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1702741
- 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
- 1994
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,036,655
- Income (IRS master file)
- $408,143
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $408,143 | $406,839 | $1,036,655 | XML |
| 990 | March 2024 | $391,536 | $363,949 | $1,033,338 | XML |
| 990 | March 2023 | $367,670 | $369,163 | $1,031,283 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | 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 54-1702741).
Questions about ANNETTA M LANE HOUSING INC
- What is the EIN of ANNETTA M LANE HOUSING INC?
- The employer identification number (EIN) of ANNETTA M LANE HOUSING INC is 54-1702741.
- Is ANNETTA M LANE HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to ANNETTA M LANE HOUSING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ANNETTA M LANE HOUSING 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 ANNETTA M LANE HOUSING 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 ANNETTA M LANE HOUSING 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 ANNETTA M LANE HOUSING INC?
- The 990 for the year ended March 31, 2025 names DIANE NEWELL.
- Who are the officers and directors of ANNETTA M LANE HOUSING INC?
- The 990 for the year ended March 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does ANNETTA M LANE HOUSING INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $408,143, expenses of $406,839 and total assets of $1,036,655 at year end.
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