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Nonprofit · EIN 55-0838185

SOUTH ROME REDEVELOPMENT CORPORATION

Tax-exempt · ROME, GA 30162

Financials

$357K$145K2023$122K$713K2024
Revenue Expenses · by fiscal year end
Financials of SOUTH ROME REDEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$122,335$712,769-$590,434$203,771$79$203,692
December 31, 2023990$357,003$145,380$211,623$794,190$64$794,126
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$12,498
Program service revenue
$99,829
Investment income
$10,008
Net gain from sales of assets
$3,500
Other revenue
$0

Expenses

Grants and similar amounts paid
$304,218
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$6,000
Occupancy
$2,400
Program services (functional)
$690,319
Management and general (functional)
$22,450

Balance sheet and other

Total assets, start of year
$794,190
Total assets, end of year
$203,771
Total liabilities, end of year
$79
Net assets, end of year
$203,692
Land, buildings and equipment
$42,088
Net assets without donor restrictions
$203,692
Gross receipts
$122,335
Employees
0
Volunteers
0
Year formed
2002
State of legal domicile
GA

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
DAVID WILLIAMSCHAIR
Trustee or director, Officer
0.5$0
JONATHAN LUTTRELLTREASURER
Trustee or director, Officer
0.5$0
JONATHAN HARRISBOARD MEMBER
Trustee or director
0.5$0
MATT PEERBOARD MEMBER
Trustee or director
0.5$0
SCOTT PRESTONSECRETARY
Trustee or director, Officer
0.5$0
STEPHANIE MCCLANAHANBOARD MEMBER
Trustee or director
0.5$0
BOBBY JONESVICE CHAIR
Trustee or director, Officer
0.5$0
WILLIAM RICHARDSONBOARD MEMBER
Trustee or director
0.5$0
MELVIN INGRAMBOARD MEMBER
Trustee or director
0.5$0
JACKIE JENKINSBOARD MEMBER
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
DAVID WILLIAMSCHAIR
Trustee or director, Officer
0.5$0
JONATHAN LUTTRELLTREASURER
Trustee or director, Officer
0.5$0
JONATHAN HARRISBOARD MEMBER
Trustee or director
0.5$0
MATTHEW PEERBOARD MEMBER
Trustee or director
0.5$0
SCOTT PRESTONSECRETARY
Trustee or director, Officer
0.5$0
STEPHANIE MCCLANAHANBOARD MEMBER
Trustee or director
0.5$0
BOBBY JONESVICE CHAIR
Trustee or director, Officer
0.5$0
WILLIAM RICHARDSONBOARD MEMBER
Trustee or director
0.5$0
JACKIE JENKINSBOARD MEMBER
Trustee or director
0.5$0
MELVON INGRAMBOARD MEMBER
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
PO BOX 753, ROME, GA 30162-0753
In care of
% STAN WALKER CEO
Principal officer (990 for 2024)
DAVID WILLIAMS, PO BOX 753, ROME, GA 30162
Signed the 990
DAVID WILLIAMS, CHAIR
Phone
(706) 591-8339
Return prepared by
WHITTINGTON JONES & RUDERT CPAS LLC

Mission

REDEVELOPMENT OF THE SOUTH BROAD STREET AREA OF ROME, GA

990 for the year ended December 31, 2024

Program accomplishments

  • REDEVELOPMENT OF THE DISTRESSED AREAS OF SOUTH BROAD STREET IN ROME, GA.
    Expenses $307,055 · grants $304,218 · revenue $3,500
  • THE SOUTH ROME EARLY LEARNING CENTER PREPARES CHILDREN SOCIALLY, EMOTIONALLY, COGNITIVELY, AND CREATIVELY WITH EMPHASIS ON BUILDING STRONG LANGUAGE AND MOTOR DEVELOPMENT SKILLS.
    Expenses $383,264 · revenue $99,829

What it must file and when

IRS records say it files Not required (state instrumentality). 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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
55-0838185
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
2004
Accounting year ends
December
Files
Not required (state instrumentality)
Assets (IRS master file)
$203,771
Income (IRS master file)
$122,335

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$122,335$712,769$203,771XML
990December 2023$357,003$145,380$794,190XML
990December 2022$444,233$280,668$582,567IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 55-0838185).

Questions about SOUTH ROME REDEVELOPMENT CORPORATION

What is the EIN of SOUTH ROME REDEVELOPMENT CORPORATION?
The employer identification number (EIN) of SOUTH ROME REDEVELOPMENT CORPORATION is 55-0838185.
Is SOUTH ROME REDEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to SOUTH ROME REDEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOUTH ROME REDEVELOPMENT CORPORATION file?
Form Not required (state instrumentality).
When is the next return of SOUTH ROME REDEVELOPMENT 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 SOUTH ROME REDEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SOUTH ROME REDEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names DAVID WILLIAMS.
Who are the officers and directors of SOUTH ROME REDEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does SOUTH ROME REDEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $122,335, expenses of $712,769 and total assets of $203,771 at year end.

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