Nonprofit · EIN 56-1783959
GASTON RESIDENTIAL DEVELOPMENT INC
Tax-exempt · GASTONIA, NC 28054
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $329,537 | $174,516 | $155,021 | $3,411,987 | $1,331,878 | $2,080,109 |
| June 30, 2024 | 990 | $227,194 | $122,331 | $104,863 | $3,184,659 | $1,327,207 | $1,857,452 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $20,848
- Program service revenue
- $0
- Investment income
- $189,780
- Net rental income
- $88,800
- Net gain from sales of assets
- $4,973
- Net income from fundraising events
- $30,109
- Other revenue
- $118,909
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,710
- Depreciation
- $42,203
- Management and general (functional)
- $174,516
Balance sheet and other
- Total assets, start of year
- $3,184,659
- Total assets, end of year
- $3,411,987
- Total liabilities, end of year
- $1,331,878
- Net assets, end of year
- $2,080,109
- Land, buildings and equipment
- $626,045
- Net assets without donor restrictions
- $2,018,990
- Net assets with donor restrictions
- $61,119
- Gross receipts
- $472,933
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1992
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DARLENE NORTON | PRESIDENT Officer | 1 | $0 | $133,295 | $19,201 |
| TOM DAVIS | SECRETARY / TREASURER Officer | 1 | $0 | $117,253 | $8,995 |
| SAM PIERCE | MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| RITA THUOT | MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| CURTIS RANKIN | MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| SAMUEL ROBINSON | MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| LYNETTE G DEMPERIO | MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| PAUL BRINTLEY | VICE CHAIRMAN Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| JAMES E TOWERY | CHAIRMAN Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DARLENE NORTON | PRESIDENT Officer | 1 | $0 | $121,467 | $17,835 |
| TOM DAVIS | SECRETARY / TREASURER Officer | 1 | $0 | $104,092 | $8,509 |
| SAM PIERCE | MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| RITA THUOT | MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| CURTIS RANKIN | MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| SAMUEL ROBINSON | MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| LYNETTE G DEMPERIO | MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| PAUL BRINTLEY | VICE CHAIRMAN Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| JAMES E TOWERY | CHAIRMAN Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 905 N NEW HOPE RD STE A, GASTONIA, NC 28054-3373
- In care of
- % LYNETTE G FOWLER
- Principal officer (990 for 2024)
- DARLENE NORTON, 905-A NORTH NEW HOPE ROAD, GASTONIA, NC 28054
- Signed the 990
- TOM DAVIS, CHIEF OPERATING OFFICER
- Phone
- (704) 861-9280
- Website
- WWW.GRSINC.ORG
- Return prepared by
- DAVIDSON HOLLAND WHITESELL & CO PLLC
Mission
GASTON RESIDENTIAL DEVELOPMENT'S MISSION IS TO SUPPORT GASTON RESIDENTIAL SERVICES, INC. AND GASTON RESIDENTIAL SERVICES, ICF/MR, INC. IN SERVING PERSONS WITH DEVELOPMENTAL DISABILITIES IN PROVIDING QUALITY LIFELONG SERVICES IN THE LEAST RESTRICTIVE COMMUNITY SETTING IN GASTON COUNTY.
Program accomplishments
- SUPPORTS PERSONS WITH DEVELOPMENTAL DISABILITIES TO HAVE FULL ACCESS TO THEIR COMMUNITY AND TO TRANSCEND BARRIERS AND ACHIEVE THEIR POTENTIAL. ALL FUNDS SPENT WERE TO SUPPORT PERSONS TO LIVE, WORK AND ACCESS THEIR COMMUNITY THROUGH ASSISTANCE WITH LIVING SITUATIONS, ADAPTIVE EQUIPMENT AND MEDICAL SUPPLIES AND NEEDS.revenue $88,800
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1783959
- 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
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20Z)
- Assets (IRS master file)
- $3,411,987
- Income (IRS master file)
- $472,933
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $329,537 | $174,516 | $3,411,987 | XML |
| 990 | June 2024 | $227,194 | $122,331 | $3,184,659 | XML |
| 990 | June 2023 | $224,974 | $138,573 | $2,995,927 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 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 56-1783959).
Questions about GASTON RESIDENTIAL DEVELOPMENT INC
- What is the EIN of GASTON RESIDENTIAL DEVELOPMENT INC?
- The employer identification number (EIN) of GASTON RESIDENTIAL DEVELOPMENT INC is 56-1783959.
- Is GASTON RESIDENTIAL DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to GASTON RESIDENTIAL DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GASTON RESIDENTIAL DEVELOPMENT 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 GASTON RESIDENTIAL DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GASTON RESIDENTIAL DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GASTON RESIDENTIAL DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 names DARLENE NORTON.
- Who are the officers and directors of GASTON RESIDENTIAL DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does GASTON RESIDENTIAL DEVELOPMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $329,537, expenses of $174,516 and total assets of $3,411,987 at year end.
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