Nonprofit · EIN 56-1831053
FORSYTH ECONOMIC VENTURES INC
Tax-exempt · WINSTON SALEM, NC 27101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,785,090 | $1,721,066 | $64,024 | $5,562,147 | $4,356,374 | $1,205,773 |
| September 30, 2024 | 990 | $1,382,226 | $1,765,890 | -$383,664 | $6,991,152 | $5,850,017 | $1,141,135 |
| September 30, 2023 | 990 | $1,666,695 | $1,512,116 | $154,579 | $7,144,584 | $5,619,785 | $1,524,799 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $751,874
- Investment income
- $983,388
- Net gain from sales of assets
- $983,388
- Other revenue
- $49,828
Expenses
- Grants and similar amounts paid
- $464,010
- Other salaries and wages
- $139,004
- Salaries, compensation and benefits (total)
- $139,004
- Professional fundraising fees
- $0
- Legal fees
- $2,190
- Accounting fees
- $5,450
- Depreciation
- $191,589
- Program services (functional)
- $1,721,066
Balance sheet and other
- Total assets, start of year
- $6,991,152
- Total assets, end of year
- $5,562,147
- Total liabilities, end of year
- $4,356,374
- Net assets, end of year
- $1,205,773
- Land, buildings and equipment
- $3,882,241
- Net assets without donor restrictions
- $1,100,623
- Net assets with donor restrictions
- $105,150
- Gross unrelated business income
- $1,042,981
- Gross receipts
- $1,803,011
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1993
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVIN CHESHIRE | OUTGOING CEO Officer | 2 | $0 | $178,897 | $35,050 |
| THEODORE ORTIVIZ | CEO Officer | 2 | $0 | $57,937 | $11,587 |
| ALFRED ADAMS | OUTGOING DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ANDREW PERKINS | OUTGOING CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| ART GIBEL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ARTHUR DARK | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BETSY ANNESE | VICE CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTOPHER LEAK | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAWNIELLE GRACE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| FELICIA BRINSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| KATHY STITTS | OUTGOING DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| VIVIAN PEREZ CHANDLER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| WAYNE ELLIS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| WILLIAM ROSE | CHAIR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVIN CHESHIRE | SECRETARY/TREASURER Officer | 2 | $0 | $235,236 | $46,419 |
| ALFRED ADAMS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ANDREW PERKINS | CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| BETSY ANNESE | VICE CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| WILLIAM ROSE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ART GIBEL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| KATHY STITTS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ARTHUR DARK | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| FELICIA BRINSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| VIVIAN PEREZ CHANDLER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVIN CHESHIRE | SECRETARY/TREASURER Officer | 2 | $0 | $226,268 | $33,400 |
| ALFRED ADAMS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ANDREW PERKINS | CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| BETSY ANNESE | VICE CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| WILLIAM ROSE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ART GIBEL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| KATHY STITTS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ARTHUR DARK | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| FELICIA BRINSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| VIVIAN PEREZ CHANDLER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 901 N CLEVELAND AVE, WINSTON SALEM, NC 27101-3102
- In care of
- % THE ORGANIZATION
- Principal officer (990 for 2024)
- THEODORE ORTIVIZ, 901 CLEVELAND AVE, WINSTONSALEM, NC 27101
- Signed the 990
- THEODORE ORTIVIZ, EXECUTIVE DIRECTOR
- Phone
- (336) 727-8500
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
IN CONJUNCTION WITH THE HOUSING AUTHORITY OF WINSTON-SALEM, TO FACILITATE THE ORGANIZATION AND ADMINISTRATION OF INNOVATIVE PROJECTS TO PROVIDE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME AND IMPROVE THEIR QUALITY OF LIFE.
Program accomplishments
- TO PROVIDE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME AND IMPROVE THEIR QUALITY OF LIFE. FORSYTH ECONOMIC VENTURES, INC. IS A PARTNER, OWNER, OR INTEREST HOLDER OF VARIOUS HOUSING PROJECTS, DEVELOPMENT AND CONSTRUCTION PROJECTS.Expenses $1,721,066 · revenue $742,109
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
- 56-1831053
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1993
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,562,147
- Income (IRS master file)
- $1,803,011
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,785,090 | $1,721,066 | $5,562,147 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $1,382,226 | $1,765,890 | $6,991,152 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $1,666,695 | $1,512,116 | $7,144,584 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $1,405,153 | $1,541,256 | $7,226,365 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | 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 56-1831053).
Questions about FORSYTH ECONOMIC VENTURES INC
- What is the EIN of FORSYTH ECONOMIC VENTURES INC?
- The employer identification number (EIN) of FORSYTH ECONOMIC VENTURES INC is 56-1831053.
- Is FORSYTH ECONOMIC VENTURES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to FORSYTH ECONOMIC VENTURES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FORSYTH ECONOMIC VENTURES 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 FORSYTH ECONOMIC VENTURES INC 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 FORSYTH ECONOMIC VENTURES INC 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 FORSYTH ECONOMIC VENTURES INC?
- The 990 for the year ended September 30, 2025 names THEODORE ORTIVIZ.
- Who are the officers and directors of FORSYTH ECONOMIC VENTURES INC?
- The 990 for the year ended September 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does FORSYTH ECONOMIC VENTURES INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,785,090, expenses of $1,721,066 and total assets of $5,562,147 at year end.
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