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Nonprofit · EIN 54-1842960

AFFORDABLE RESIDENCES IN CHESTERFIELD II

Tax-exempt · RICHMOND, VA 23227

Financials

$3.4M$2.9M2023$3.1M$2.9M2024$3.6M$3.2M2025
Revenue Expenses · by fiscal year end
Financials of AFFORDABLE RESIDENCES IN CHESTERFIELD II by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$3,594,423$3,168,873$425,550$16,877,453$7,784,036$9,093,417
December 31, 2024990$3,051,466$2,900,310$151,156$17,895,954$8,128,087$9,767,867
December 31, 2023990$3,402,530$2,946,524$456,006$17,653,754$7,837,043$9,816,711
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,261,860
Investment income
$332,563
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$144,375
Salaries, compensation and benefits (total)
$144,375
Professional fundraising fees
$0
Travel
$1,053
Depreciation
$760,815
Program services (functional)
$3,168,873

Balance sheet and other

Total assets, start of year
$17,895,954
Total assets, end of year
$16,877,453
Total liabilities, end of year
$7,784,036
Net assets, end of year
$9,093,417
Land, buildings and equipment
$13,720,585
Net assets without donor restrictions
$7,169,136
Net assets with donor restrictions
$1,924,281
Gross receipts
$3,594,423
Employees
0
Volunteers
0
Year formed
1997
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 December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
GRETA HARRISPRESIDENT & CEO
Officer
–$0$374,232$89,194
JULIE HOVERMALEVICE PRESIDENT & CFO
Officer
–$0$231,560$24,385
PHILIP A BROOKSDIRECTOR
Trustee or director
0$0$0$0
FREDA G BOLLINGDIRECTOR
Trustee or director
0$0$0$0
REGINA CHANEYDIRECTOR
Trustee or director
0$0$0$0
TODD WALDODIRECTOR
Trustee or director
0$0$0$0
RICHARD DICKINSONSECRETARY & TREASURER
Trustee or director
0$0$0$0
MICHAEL SCHEWELPRESIDENT
Trustee or director
0$0$0$0
R WHEATLEY MCDOWELLVICE CHAIR
Trustee or director
0$0$0$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
GRETA HARRISPRESIDENT & CEO
Officer
–$0$355,493$61,369
JULIE HOVERMALEVICE PRESIDENT & CFO
Officer
–$0$211,748$15,864
PHILIP A BROOKSDIRECTOR
Trustee or director
0$0$0$0
FREDA G BOLLINGDIRECTOR
Trustee or director
0$0$0$0
REGINA CHANEYDIRECTOR
Trustee or director
0$0$0$0
TODD WALDODIRECTOR
Trustee or director
0$0$0$0
RICHARD DICKINSONSECRETARY & TREASURER
Trustee or director
0$0$0$0
MICHAEL SCHEWELPRESIDENT
Trustee or director
0$0$0$0
R WHEATLEY MCDOWELLVICE CHAIR
Trustee or director
0$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
GRETA HARRISPRESIDENT & CEO
Officer
–$0$339,050$35,202
JULIE HOVERMALEVICE PRESIDENT & CFO
Officer
–$0$199,285$18,420
PHILIP A BROOKSDIRECTOR
Trustee or director
0$0$0$0
FREDA G BOLLINGDIRECTOR
Trustee or director
0$0$0$0
REGINA CHANEYDIRECTOR
Trustee or director
0$0$0$0
TODD WALDODIRECTOR
Trustee or director
0$0$0$0
RICHARD DICKINSONSECRETARY & TREASURER
Trustee or director
0$0$0$0
MICHAEL SCHEWELPRESIDENT
Trustee or director
0$0$0$0
R WHEATLEY MCDOWELLVICE CHAIR
Trustee or director
0$0$0$0

Address and contacts

Address (IRS master file)
2108 W LABURNUM AVE, RICHMOND, VA 23227-4300
In care of
% THE ORGANIZATION
Principal officer (990 for 2025)
Julie Hovermale, 2108 W LABURNUM AVE, RICHMOND, VA 23227
Signed the 990
Julie Hovermale, Vice President/CFO
Phone
(804) 644-0546
Return prepared by
DOOLEY & VICARS CERTIFIED PUBLIC

Mission

TO PROVIDE AFFORDABLE HOUSING.

990 for the year ended December 31, 2025

Program accomplishments

  • THE ORGANIZATION PROVIDED MULTI-FAMILY AFFORDABLE HOUSING FOR BOTH INDIVIDUALS AND FAMILIES
    Expenses $3,168,873 · revenue $3,261,860

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
54-1842960
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
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P74)
Assets (IRS master file)
$16,877,453
Income (IRS master file)
$3,594,423

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$3,594,423$3,168,873$16,877,453XML
990December 2024$3,051,466$2,900,310$17,895,954XML
990December 2023$3,402,530$2,946,524$17,653,754XML
990December 2022$3,122,770$2,807,197$17,927,113IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 54-1842960).

Questions about AFFORDABLE RESIDENCES IN CHESTERFIELD II

What is the EIN of AFFORDABLE RESIDENCES IN CHESTERFIELD II?
The employer identification number (EIN) of AFFORDABLE RESIDENCES IN CHESTERFIELD II is 54-1842960.
Is AFFORDABLE RESIDENCES IN CHESTERFIELD II tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to AFFORDABLE RESIDENCES IN CHESTERFIELD II tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AFFORDABLE RESIDENCES IN CHESTERFIELD II 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 AFFORDABLE RESIDENCES IN CHESTERFIELD II due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AFFORDABLE RESIDENCES IN CHESTERFIELD II last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of AFFORDABLE RESIDENCES IN CHESTERFIELD II?
The 990 for the year ended December 31, 2025 names Julie Hovermale.
Who are the officers and directors of AFFORDABLE RESIDENCES IN CHESTERFIELD II?
The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does AFFORDABLE RESIDENCES IN CHESTERFIELD II have?
On its 990 for the year ended December 31, 2025 it reported revenue of $3,594,423, expenses of $3,168,873 and total assets of $16,877,453 at year end.

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