Nonprofit · EIN 56-2161660
APPALACHIAN REAL ESTATE DEVELOPMENT CORPPRATION
Tax-exempt · BOONE, NC 28607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $17,265,333 | $7,274,103 | $9,991,230 | $287,782,771 | $239,857,692 | $47,925,079 |
| June 30, 2024 | 990 | $9,554,888 | $7,174,777 | $2,380,111 | $93,971,383 | $69,594,807 | $24,376,576 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $14,882,942
- Investment income
- $2,382,391
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $365,112
- Salaries, compensation and benefits (total)
- $444,211
- Professional fundraising fees
- $0
- Legal fees
- $1,147
- Accounting fees
- $21,300
- Occupancy
- $1,413,273
- Depreciation
- $2,554,474
- Program services (functional)
- $7,067,899
- Management and general (functional)
- $206,204
Balance sheet and other
- Total assets, start of year
- $93,971,383
- Total assets, end of year
- $287,782,771
- Total liabilities, end of year
- $239,857,692
- Net assets, end of year
- $47,925,079
- Land, buildings and equipment
- $91,194,754
- Gross receipts
- $17,265,333
- Employees
- 22
- Volunteers
- 0
- Year formed
- 1999
- 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 |
|---|---|---|---|
| JAMES J BROWN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVID T JAMISON | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW C DULL | SECRETARY & TREASURER Trustee or director, Officer | 7 | $0 |
| SCOTT K LAMPE | DIRECTOR Trustee or director | 1 | $0 |
| JAMES M BARNES | CHAIR Trustee or director, Officer | 1 | $0 |
| FAIRLEY BELL COOK | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| GREG LOVINS | DIRECTOR Trustee or director | 1 | $0 |
| CANTEY ALEXANDER | DIRECTOR Trustee or director | 1 | $0 |
| NICK KATERS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES J BROWN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVID T JAMISON | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW C DULL | SECRETARY & TREASURER Trustee or director, Officer | 7 | $0 |
| SCOTT K LAMPE | DIRECTOR Trustee or director | 1 | $0 |
| JAMES M BARNES | CHAIR Trustee or director, Officer | 1 | $0 |
| FAIRLEY BELL COOK | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JOHN E ADAMS | DIRECTOR Trustee or director | 1 | $0 |
| CANTEY ALEXANDER | DIRECTOR Trustee or director | 1 | $0 |
| NICK KATERS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 289 AMBLING WAY, BOONE, NC 28607-9265
- Principal officer (990 for 2024)
- JAMES J BROWN, 438 ACADEMY ST SUITE 109, BOONE, NC 28607
- Signed the 990
- JAMES J BROWN, PRESIDENT
- Phone
- (828) 262-2060
- Return prepared by
- BLACKBURN CHILDERS & STEAGALL PLC
Mission
TO EXERCISE ANY AND ALL RIGHTS OF OWNERSHIP WITH RESPECT TO REAL PROPERTY AND PERSONAL PROPERTY IN CONNECTION THEREWITH FOR THE BENEFIT OF THE UNIVERSITY, INCLUDING TO ACQUIRE, OWN, DEVELOP, LEASE, FINANCE, MANAGE, OPERATE, SELL, AND TRANSFER PROPERTY. TO DO ANY AND ALL OTHER ACTS AND THINGS THAT ARE CONSISTENT WITH THE PURPOSES ABOVE AND THAT MAY BE DEEMED DESIRABLE OR EXPEDIENT FOR THE BENEFIT OF THE UNIVERSITY, ITS PROGRAMS, AND ITS FACULTY, STAFF AND STUDENTS.
Program accomplishments
- TO EXERCISE ANY AND ALL RIGHTS OF OWNERSHIP WITH RESPECT TO REAL PROPERTY AND PERSONAL PROPERTY IN CONNECTION THEREWITH FOR THE BENEFIT OF THE UNIVERSITY, INCLUDING TO ACQUIRE, OWN, DEVELOP, LEASE, FINANCE, MANAGE, OPERATE, SELL, AND TRANSFER PROPERTY. TO DO ANY AND ALL OTHER ACTS AND THINGS THAT ARE CONSISTENT WITH THE PURPOSES ABOVE AND THAT MAY BE DEEMED DESIRABLE OR EXPEDIENT FOR THE BENEFIT OF THE UNIVERSITY, ITS PROGRAMS, AND ITS FACULTY, STAFF AND STUDENTS.Expenses $7,067,899 · revenue $16,425,765
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
- 56-2161660
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L400)
- Assets (IRS master file)
- $287,782,771
- Income (IRS master file)
- $17,265,333
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $8,834,099 | $10,440,577 | $93,486,656 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about APPALACHIAN REAL ESTATE DEVELOPMENT CORPPRATION
- What is the EIN of APPALACHIAN REAL ESTATE DEVELOPMENT CORPPRATION?
- The employer identification number (EIN) of APPALACHIAN REAL ESTATE DEVELOPMENT CORPPRATION is 56-2161660.
- Is APPALACHIAN REAL ESTATE DEVELOPMENT CORPPRATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to APPALACHIAN REAL ESTATE DEVELOPMENT CORPPRATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does APPALACHIAN REAL ESTATE DEVELOPMENT CORPPRATION 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 APPALACHIAN REAL ESTATE DEVELOPMENT CORPPRATION 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 APPALACHIAN REAL ESTATE DEVELOPMENT CORPPRATION 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 APPALACHIAN REAL ESTATE DEVELOPMENT CORPPRATION?
- The 990 for the year ended June 30, 2025 names JAMES J BROWN.
- Who are the officers and directors of APPALACHIAN REAL ESTATE DEVELOPMENT CORPPRATION?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does APPALACHIAN REAL ESTATE DEVELOPMENT CORPPRATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $17,265,333, expenses of $7,274,103 and total assets of $287,782,771 at year end.
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All nonprofits in BOONE · North Carolina · Housing and shelter