Nonprofit · EIN 56-1058564
F B C CORP
Also known as TOPEKA HEIGHTS APARTMENTS
Tax-exempt · CHARLOTTE, NC 28269
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,554,530 | $1,723,472 | -$168,942 | $6,845,832 | $8,440,740 | -$1,594,908 |
| September 30, 2024 | 990 | $1,509,282 | $1,838,890 | -$329,608 | $7,202,525 | $8,582,663 | -$1,380,138 |
| September 30, 2023 | 990 | $1,455,718 | $1,615,789 | -$160,071 | $7,901,199 | $8,951,729 | -$1,050,530 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,144,184
- of which government grants
- $1,144,184
- Program service revenue
- $397,530
- Investment income
- $1,226
- Other revenue
- $11,590
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $250,824
- Salaries, compensation and benefits (total)
- $298,837
- Professional fundraising fees
- $0
- Legal fees
- $2,505
- Accounting fees
- $38,179
- Occupancy
- $288,543
- Depreciation
- $301,679
- Program services (functional)
- $1,409,767
- Management and general (functional)
- $313,705
Balance sheet and other
- Total assets, start of year
- $7,202,525
- Total assets, end of year
- $6,845,832
- Total liabilities, end of year
- $8,440,740
- Net assets, end of year
- -$1,594,908
- Land, buildings and equipment
- $6,134,194
- Net assets without donor restrictions
- -$1,594,908
- Gross receipts
- $1,554,530
- Employees
- 0
- Volunteers
- 20
- Year formed
- 1970
- State of legal domicile
- NC
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAXWELL HEADLEY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LEWIS THOMAS | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| CECIL GIBBS | TREASURER Trustee or director, Officer | 1 | $0 |
| JAMIE ELLIOTT | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHN COBB | DIRECTOR Trustee or director | 1 | $0 |
| LINDA ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| SHEILA CUFFEE | DIRECTOR Trustee or director | 1 | $0 |
| SABRINA DAILEY | DIRECTOR Trustee or director | 1 | $0 |
| GLORIA JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| HAROLD JONES | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL MONK | DIRECTOR Trustee or director | 1 | $0 |
| RALEIGH PURDIE | GROUNDS INSPECTOR Trustee or director | 1 | $0 |
| JIMMIE POWELL | DIRECTOR Trustee or director | 1 | $0 |
| JOSHUA RACE | DIRECTOR Trustee or director | 1 | $0 |
| DORIS STANCIL | DIRECTOR Trustee or director | 1 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD VANN | DIRECTOR Trustee or director | 1 | $0 |
| HILTON VILLINES | DIRECTOR Trustee or director | 1 | $0 |
| CORNELIUS WADDELL | DIRECTOR Trustee or director | 1 | $0 |
| BELVIA WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| LAVAR WRIGHT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIMMIE POWELL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LEWIS THOMAS | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MAX HEADLEY | TREASURER Trustee or director, Officer | 1 | $0 |
| JAMIE ELLIOTT | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHN COBB | DIRECTOR Trustee or director | 1 | $0 |
| SHEILA CUFFEE | DIRECTOR Trustee or director | 1 | $0 |
| CECIL GIBBS | DIRECTOR Trustee or director | 1 | $0 |
| GLORIA JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| HAROLD JONES | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL MONK | DIRECTOR Trustee or director | 1 | $0 |
| RALEIGH PURDIE | GROUNDS INSPECTOR Trustee or director | 1 | $0 |
| JOSHUA RACE | DIRECTOR Trustee or director | 1 | $0 |
| DORIS STANCIL | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD VANN | DIRECTOR Trustee or director | 1 | $0 |
| HILTON VILLINES | DIRECTOR Trustee or director | 1 | $0 |
| CORNELIUS WADDELL | DIRECTOR Trustee or director | 1 | $0 |
| BELVIA WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| LAVAR WRIGHT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIMMIE POWELL | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| BELVIA WILLIAMS | SECRETARY Trustee or director, Officer | 0 | $0 |
| JAMIE ELLIOT | DIRECTOR Trustee or director | 0 | $0 |
| MAXWELL HEADLEY | TREASURER Trustee or director, Officer | 0 | $0 |
| GLORIA JOHNSON | DIRECTOR Trustee or director | 0 | $0 |
| CORNELIUS WADDELL | DIRECTOR Trustee or director | 0 | $0 |
| HELEN FARRIOR | DIRECTOR Trustee or director | 0 | $0 |
| JOSEPH WASHINGTON | PRESIDENT Trustee or director, Officer | 0 | $0 |
| RALEIGH PURDIE | DIRECTOR Trustee or director | 0 | $0 |
| JOHN COBB | DIRECTOR Trustee or director | 0 | $0 |
| HILTON VILLINES | DIRECTOR Trustee or director | 0 | $0 |
| JANICE SMITH-COAXUM | ASST. SECRETARY Trustee or director, Officer | 0 | $0 |
| EARL RAY | DIRECTOR Trustee or director | 0 | $0 |
| EFFIE MCMILLAN | DIRECTOR Trustee or director | 0 | $0 |
| LAVAR WRIGHT | DIRECTOR Trustee or director | 0 | $0 |
| LEWIS THOMAS | DIRECTOR Trustee or director | 0 | $0 |
| NAKEIA WILLIS | DIRECTOR Trustee or director | 0 | $0 |
| RICHARD VANN | DIRECTOR Trustee or director | 0 | $0 |
| DORIS MCCULLOUGH HILTON | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 480472, CHARLOTTE, NC 28269-5320
- In care of
- % MULTIFAMILY SELECT INC
- Principal officer (990 for 2024)
- MAXWELL HEADLEY, PO BOX 480472, CHARLOTTE, NC 28269
- Signed the 990
- MAXWELL HEADLEY, PRESIDENT
- Phone
- (980) 890-8814
- Return prepared by
- SHARPE PATEL CPA
Mission
THE CORPORATION PROVIDES HOUSING FOR LOW AND MODERATE INCOME FAMILIES IN FAYETTEVILLE, NC.
Program accomplishments
- PROVIDED HOUSING FOR LOW AND MODERATE INCOME FAMILIES IN FAYETTEVILLE, NC.Expenses $1,409,767 · revenue $409,120
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 56-1058564
- 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
- 2000
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $6,845,832
- Income (IRS master file)
- $1,554,530
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,554,530 | $1,723,472 | $6,845,832 | XML |
| 990 | September 2024 | $1,509,282 | $1,838,890 | $7,202,525 | XML |
| 990 | September 2023 | $1,455,718 | $1,615,789 | $7,901,199 | XML |
| 990 | September 2022 | $1,438,360 | $1,483,284 | $8,179,810 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 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 56-1058564).
Questions about F B C CORP
- What is the EIN of F B C CORP?
- The employer identification number (EIN) of F B C CORP is 56-1058564.
- Is F B C CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to F B C CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does F B C CORP 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 F B C CORP due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did F B C CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of F B C CORP?
- The 990 for the year ended September 30, 2025 names MAXWELL HEADLEY.
- Who are the officers and directors of F B C CORP?
- The 990 for the year ended September 30, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does F B C CORP have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,554,530, expenses of $1,723,472 and total assets of $6,845,832 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Housing and shelter