Nonprofit · EIN 54-1864802
AFFORDABLE RESIDENCES IN CHESTERFIELD
Tax-exempt · RICHMOND, VA 23227
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $567,083 | $882,554 | -$315,471 | $2,656,709 | $210,667 | $2,446,042 |
| December 31, 2024 | 990 | $595,057 | $635,426 | -$40,369 | $2,807,789 | $46,276 | $2,761,513 |
| December 31, 2023 | 990 | $583,183 | $636,068 | -$52,885 | $2,856,346 | $54,464 | $2,801,882 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $563,897
- Investment income
- $3,186
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $60,862
- Salaries, compensation and benefits (total)
- $60,862
- Professional fundraising fees
- $0
- Depreciation
- $143,286
- Program services (functional)
- $882,554
Balance sheet and other
- Total assets, start of year
- $2,807,789
- Total assets, end of year
- $2,656,709
- Total liabilities, end of year
- $210,667
- Net assets, end of year
- $2,446,042
- Land, buildings and equipment
- $2,435,592
- Net assets without donor restrictions
- $426,664
- Net assets with donor restrictions
- $2,019,378
- Gross receipts
- $567,083
- Employees
- 5
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Greta Harris | President & CEO Officer | – | $0 | $374,232 | $89,194 |
| Julie Hovermale | Vice President & CFO Officer | 40 | $0 | $231,560 | $24,385 |
| Philip A Brooks | Director Trustee or director | 0 | $0 | $0 | $0 |
| Freda G Bolling | Director Trustee or director | 0 | $0 | $0 | $0 |
| Regina Chaney | Director Trustee or director | 0 | $0 | $0 | $0 |
| Todd Waldo | Director Trustee or director | 0 | $0 | $0 | $0 |
| Richard Dickinson | Secretary & Treasurer Trustee or director | 0 | $0 | $0 | $0 |
| Michael Schewel | President Trustee or director | 0 | $0 | $0 | $0 |
| R Wheatley McDowell | Vice Chair Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Greta Harris | President & CEO Officer | – | $0 | $355,493 | $61,369 |
| Julie Hovermale | Vice President & CFO Officer | 40 | $0 | $211,748 | $15,864 |
| Philip A Brooks | Director Trustee or director | 0 | $0 | $0 | $0 |
| Freda G Bolling | Director Trustee or director | 0 | $0 | $0 | $0 |
| Regina Chaney | Director Trustee or director | 0 | $0 | $0 | $0 |
| Todd Waldo | Director Trustee or director | 0 | $0 | $0 | $0 |
| Richard Dickinson | Secretary & Treasurer Trustee or director | 0 | $0 | $0 | $0 |
| Michael Schewel | President Trustee or director | 0 | $0 | $0 | $0 |
| R Wheatley McDowell | Vice Chair Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Greta Harris | President & CEO Officer | – | $0 | $339,050 | $35,202 |
| Julie Hovermale | Vice President & CFO Officer | 40 | $0 | $199,285 | $18,420 |
| Philip A Brooks | Director Trustee or director | 0 | $0 | $0 | $0 |
| Freda G Bolling | Director Trustee or director | 0 | $0 | $0 | $0 |
| Regina Chaney | Director Trustee or director | 0 | $0 | $0 | $0 |
| Todd Waldo | Director Trustee or director | 0 | $0 | $0 | $0 |
| Richard Dickinson | Secretary & Treasurer Trustee or director | 0 | $0 | $0 | $0 |
| Michael Schewel | President Trustee or director | 0 | $0 | $0 | $0 |
| R Wheatley McDowell | Vice 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 Hoveramle, 2108 W Laburnum Ave, RICHMOND, VA 23227
- Signed the 990
- Julie Hoveramle, Vice President/CFO
- Phone
- (804) 644-0546
- Return prepared by
- DOOLEY & VICARS CERTIFIED PUBLIC
Mission
Provide Affordable Housing
Program accomplishments
- The Organization provided multifamily affordable housing for both individuals and families.Expenses $882,554 · revenue $563,897
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1864802
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,656,709
- Income (IRS master file)
- $567,083
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $567,083 | $882,554 | $2,656,709 | XML |
| 990 | December 2024 | $595,057 | $635,426 | $2,807,789 | XML |
| 990 | December 2023 | $583,183 | $636,068 | $2,856,346 | XML |
| 990 | December 2022 | $561,954 | $602,394 | $3,025,815 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 54-1864802).
Questions about AFFORDABLE RESIDENCES IN CHESTERFIELD
- What is the EIN of AFFORDABLE RESIDENCES IN CHESTERFIELD?
- The employer identification number (EIN) of AFFORDABLE RESIDENCES IN CHESTERFIELD is 54-1864802.
- Is AFFORDABLE RESIDENCES IN CHESTERFIELD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to AFFORDABLE RESIDENCES IN CHESTERFIELD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AFFORDABLE RESIDENCES IN CHESTERFIELD 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 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 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?
- The 990 for the year ended December 31, 2025 names Julie Hoveramle.
- Who are the officers and directors of AFFORDABLE RESIDENCES IN CHESTERFIELD?
- 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 have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $567,083, expenses of $882,554 and total assets of $2,656,709 at year end.
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