Nonprofit · EIN 58-1824754
BASIC INDEPENDENCE APARTMENTS INC
Tax-exempt · MOUNTAIN HOME, AR 72653
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $79,632 | $77,153 | $2,479 | $295,767 | $461,120 | -$165,353 |
| June 30, 2024 | 990-EZ | $66,477 | $69,079 | -$2,602 | $308,694 | $476,526 | -$167,832 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Program service revenue
- $79,577
- Investment income
- $55
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $3,500
- Occupancy
- $37,403
- Other expenses
- $36,250
- Program services (functional)
- $73,626
Balance sheet and other
- Total assets, start of year
- $308,694
- Total assets, end of year
- $295,767
- Total liabilities, end of year
- $461,120
- Net assets, end of year
- -$165,353
- Cash, savings and investments
- $47,199
- Land and buildings
- $42,577
- Gross receipts
- $79,632
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-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY SMITH | PRESIDENT | 0 | $0 |
| KAREN HOPPER | SECRETARY | 0 | $0 |
| DAVID CULLIPHER | MEMBER | 0 | $0 |
| OLIVIA MCDANIEL | EXECUTIVE DI | 0 | $0 |
990-EZ for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY SMITH | PRESIDENT | 0 | $0 |
| KAREN HOPPER | SECRETARY | 0 | $0 |
| DAVID CULLIPHER | MEMBER | 0 | $0 |
| OLIVIA MCDANIEL | EXECUTIVE DI | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1635 LEO DAVIS DR, MOUNTAIN HOME, AR 72653-9609
- Signed the 990-EZ
- GARY SMITH, PRESIDENT
- Phone
- (870) 425-4515
- Return prepared by
- PIPPIN CPA LLC
Mission
THE US DEPARTMENT OF HOUSING ASSISTANCE FOR THE LESS SEVERLY HANDICAPPED IN AN INDEPENDENT HOUSING FACILITY OF 16 UNITS FOR 16 TENANTS.
Program accomplishments
- THE US DEPARTMENT OF HOUSING ASSISTANCE FOR THE LESS SEVERLY HANDICAPPED IN AN INDEPENDENT HOUSING FACILITY OF 16 UNITS FOR 16 TENANTS.Expenses $73,626
- THE US DEPARTMENT OF HOUSING ASSISTANCE FOR THE LESS SEVERLY HANDICAPPED IN AN INDEPENDENT HOUSING FACILITY OF 16 UNITS FOR 16 TENANTS.
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-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 58-1824754
- 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
- 1988
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21Z)
- Assets (IRS master file)
- $295,767
- Income (IRS master file)
- $79,632
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $79,632 | $77,153 | $295,767 | IRS |
| 990-EZ | June 2024 | $66,477 | $69,079 | $308,694 | IRS |
| 990-EZ | June 2023 | $71,703 | $80,487 | $328,587 | IRS |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | 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 58-1824754).
Questions about BASIC INDEPENDENCE APARTMENTS INC
- What is the EIN of BASIC INDEPENDENCE APARTMENTS INC?
- The employer identification number (EIN) of BASIC INDEPENDENCE APARTMENTS INC is 58-1824754.
- Is BASIC INDEPENDENCE APARTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to BASIC INDEPENDENCE APARTMENTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BASIC INDEPENDENCE APARTMENTS 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 BASIC INDEPENDENCE APARTMENTS 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 BASIC INDEPENDENCE APARTMENTS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who are the officers and directors of BASIC INDEPENDENCE APARTMENTS INC?
- The 990-EZ for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does BASIC INDEPENDENCE APARTMENTS INC have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $79,632, expenses of $77,153 and total assets of $295,767 at year end.
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All nonprofits in MOUNTAIN HOME · Arkansas · Housing and shelter