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Nonprofit · EIN 58-2451919

PSALMS 23 PROJECT INC

Tax-exempt · DULUTH, GA 30096

Financials

$341K$389K2023$351K$386K2024
Revenue Expenses · by fiscal year end
Financials of PSALMS 23 PROJECT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$351,462$386,175-$34,713$1,740,484$2,467,344-$726,860
December 31, 2023990$340,542$388,763-$48,221$1,796,553$2,488,700-$692,147
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$350,698
Investment income
$641
Other revenue
$123

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$88,595
Salaries, compensation and benefits (total)
$116,197
Professional fundraising fees
$0
Accounting fees
$15,747
Depreciation
$78,090
Program services (functional)
$339,314
Management and general (functional)
$46,861

Balance sheet and other

Total assets, start of year
$1,796,553
Total assets, end of year
$1,740,484
Total liabilities, end of year
$2,467,344
Net assets, end of year
-$726,860
Land, buildings and equipment
$1,559,163
Net assets without donor restrictions
-$726,860
Gross receipts
$351,462
Employees
0
Volunteers
1
Year formed
1996
State of legal domicile
GA

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Britt JenningsPresident
Trustee or director, Officer
2$0
990 for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
Britt JenningsPresident
Trustee or director, Officer
2$0
Reverence Dr Collette GundyPresident
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
3237 SATELLITE BLVD STE 310, DULUTH, GA 30096-9087
In care of
% COLLETTE GUNBY
Principal officer (990 for 2024)
Britt Jennings, 3237 Satellite Blvd 310, Duluth, GA 30096
Signed the 990
Britt Jennings, President
Phone
(678) 330-2000
Return prepared by
Aprio Advisory Group LLC

Mission

Providing housing to elderly persons by operating a HUD-assisted apartment community regulated under Section 202 of the National Housing Act of 1959.

990 for the year ended December 31, 2024

Program accomplishments

  • Providing housing to elderly persons by operating a HUD-assisted apartment community regulated under Section 202 of the National Housing Act of 1959.
    Expenses $339,314 · revenue $350,821

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-2451919
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
1999
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$1,740,484
Income (IRS master file)
$351,462

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$351,462$386,175$1,740,484XML
990December 2023$340,542$388,763$1,796,553XML
990December 2022$287,970$364,828$1,862,873IRS
990December 2021–––IRS
990December 2020–––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 58-2451919).

Questions about PSALMS 23 PROJECT INC

What is the EIN of PSALMS 23 PROJECT INC?
The employer identification number (EIN) of PSALMS 23 PROJECT INC is 58-2451919.
Is PSALMS 23 PROJECT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to PSALMS 23 PROJECT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PSALMS 23 PROJECT 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 PSALMS 23 PROJECT INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PSALMS 23 PROJECT INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PSALMS 23 PROJECT INC?
The 990 for the year ended December 31, 2024 names Britt Jennings.
Who are the officers and directors of PSALMS 23 PROJECT INC?
The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
How much revenue does PSALMS 23 PROJECT INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $351,462, expenses of $386,175 and total assets of $1,740,484 at year end.

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