Nonprofit · EIN 57-0551240
NAVIGATOR CORPORATION
Tax-exempt · MATTHEWS, NC 28105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $3,043,024 | $2,828,603 | $214,421 | $11,005,854 | $13,512,281 | -$2,506,427 |
| June 30, 2023 | 990 | $2,701,632 | $3,085,995 | -$384,363 | $10,991,108 | $13,711,956 | -$2,720,848 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $1,829,069
- of which government grants
- $1,829,069
- Program service revenue
- $1,205,672
- Investment income
- $237
- Other revenue
- $8,046
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,149
- Accounting fees
- $67,500
- Occupancy
- $336,528
- Depreciation
- $358,751
- Program services (functional)
- $2,748,601
- Management and general (functional)
- $80,002
Balance sheet and other
- Total assets, start of year
- $10,991,108
- Total assets, end of year
- $11,005,854
- Total liabilities, end of year
- $13,512,281
- Net assets, end of year
- -$2,506,427
- Land, buildings and equipment
- $9,308,485
- Net assets without donor restrictions
- -$2,506,427
- Gross receipts
- $3,043,024
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1969
- State of legal domicile
- SC
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK SCHIMMOELLER | PRESIDENT Trustee or director, Officer | 8 | $0 |
| JOHN SISARIO | 2ND VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| BILL MASON | SECRETARY Trustee or director, Officer | 4 | $0 |
| RALPH GIANGRANDI | AUDITOR Trustee or director, Officer | 8 | $0 |
| JAMES SANSONETTI | DIRECTOR Trustee or director | 0.5 | $0 |
| DONALD VANBORSCH | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT WIGGS JR | DIRECTOR Trustee or director | 0.5 | $0 |
| DANIEL LEONARDI | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHAEL MANCARI | 1ST VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| MICHAEL MIKA | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK SCHIMMOELLER | PRESIDENT Trustee or director, Officer | 8 | $0 |
| JAMES CARTER | 1ST VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| JOHN SISARIO | 2ND VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| BILL MASON | SECRETARY Trustee or director, Officer | 4 | $0 |
| RALPH GIANGRANDI | DIRECTOR Trustee or director | 8 | $0 |
| JAMES SANSONETTI | DIRECTOR Trustee or director | 0.5 | $0 |
| DONALD VANBORSCH | DIRECTOR Trustee or director | 0.5 | $0 |
| WOLFGANG BUCHMAIER | DIRECTOR Trustee or director | 0.5 | $0 |
| DANIEL LEONARDI | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN LUNDVALL | TREASURER Trustee or director, Officer | 0.5 | $0 |
| MICHAEL MANCARI | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHAEL MIKA | DIRECTOR Trustee or director | 0.5 | $0 |
| EDWARD FERRI | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 300 E JOHN ST STE 138, MATTHEWS, NC 28105-4939
- Principal officer (990 for 2023)
- MARK SCHIMMOELLER, 300 EAST JOHN STREET SUITE 138, MATTHEWS, NC 28105
- Signed the 990
- MARK SCHIMMOELLER, PRESIDENT
- Phone
- (704) 882-5415
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
TO PROVIDE SAFE AND AFFORDABLE HOUSING FOR THE ELDERLY AS REGULATED BY SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT ISSUED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
Program accomplishments
- TO PROVIDE SAFE AND AFFORDABLE HOUSING FOR THE ELDERLY BY OPERATING A 225-UNIT APARTMENT COMMUNITY AS REGULATED BY SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT ISSUED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.Expenses $2,748,601 · revenue $1,205,672
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 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 57-0551240
- 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
- 1977
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $11,005,854
- Income (IRS master file)
- $3,043,024
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $3,043,024 | $2,828,603 | $11,005,854 | XML |
| 990 | June 2023 | $2,701,632 | $3,085,995 | $10,991,108 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 57-0551240).
Questions about NAVIGATOR CORPORATION
- What is the EIN of NAVIGATOR CORPORATION?
- The employer identification number (EIN) of NAVIGATOR CORPORATION is 57-0551240.
- Is NAVIGATOR CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to NAVIGATOR CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NAVIGATOR CORPORATION 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 NAVIGATOR CORPORATION 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 NAVIGATOR CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of NAVIGATOR CORPORATION?
- The 990 for the year ended June 30, 2024 names MARK SCHIMMOELLER.
- Who are the officers and directors of NAVIGATOR CORPORATION?
- The 990 for the year ended June 30, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does NAVIGATOR CORPORATION have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $3,043,024, expenses of $2,828,603 and total assets of $11,005,854 at year end.
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All nonprofits in MATTHEWS · North Carolina · Housing and shelter