Nonprofit · EIN 59-1295857
DESOTO TOWERS INC
Tax-exempt · BRADENTON, FL 34205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,424,422 | $1,615,710 | -$191,288 | $5,172,267 | $6,916,313 | -$1,744,046 |
| September 30, 2024 | 990 | $1,410,947 | $1,642,014 | -$231,067 | $5,374,717 | $6,925,155 | -$1,550,438 |
| September 30, 2023 | 990 | $1,373,536 | $1,579,709 | -$206,173 | $5,632,156 | $6,962,259 | -$1,330,103 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,402,047
- Investment income
- $18,372
- Other revenue
- $4,003
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $68,956
- Other salaries and wages
- $279,272
- Salaries, compensation and benefits (total)
- $438,116
- Professional fundraising fees
- $0
- Accounting fees
- $26,014
- Occupancy
- $488,989
- Depreciation
- $256,915
- Program services (functional)
- $1,570,203
- Management and general (functional)
- $45,507
Balance sheet and other
- Total assets, start of year
- $5,374,717
- Total assets, end of year
- $5,172,267
- Total liabilities, end of year
- $6,916,313
- Net assets, end of year
- -$1,744,046
- Land, buildings and equipment
- $3,928,363
- Net assets without donor restrictions
- -$1,744,046
- Gross receipts
- $1,424,422
- Employees
- 13
- Volunteers
- 19
- Year formed
- 1967
- State of legal domicile
- FL
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 | Other / benefits |
|---|---|---|---|---|
| JOSEPHINE RIVERA | MANAGER Officer | 40 | $50,907 | $15,963 |
| DAWN WALKER | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| DONALD EVANS | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| PATRICIA BARBER | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| MARGARET A WOLFE | DIRECTOR Trustee or director | 5 | $0 | $0 |
990 for the year ended September 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSEPHINE RIVERA | MANAGER Officer | 40 | $49,421 | $14,843 |
| PATRICIA BARBER | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| DONALD EVANS | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| MARGARET A WOLFE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DAWN WALKER | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
990 for the year ended September 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSEPHINE RIVERA | MANAGER Officer | 40 | $47,976 | $13,609 |
| PATRICIA BARBER | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| DAWN WALKER | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| DONALD EVANS | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| PEGGY WOLFE | DIRECTOR Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1523 6TH AVENUE WEST, BRADENTON, FL 34205-6717
- Principal officer (990 for 2024)
- Patricia Barber, 1523 6th Avenue West, Bradenton, FL 34205
- Signed the 990
- Patricia Barber, President
- Phone
- (941) 748-2883
- Return prepared by
- Mauldin & Jenkins LLC
Mission
The organization provides low income housing to senior citizens.
Program accomplishments
- The entity provides 72 one bedroom and 132 efficiency low income housing units to senior citizens according to guidelines provided by the U.S. Department of Housing and Urban Development.Expenses $1,559,927 · revenue $1,406,050
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 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 59-1295857
- 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
- 1972
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,172,267
- Income (IRS master file)
- $1,424,422
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,424,422 | $1,615,710 | $5,172,267 | XML |
| 990 | September 2024 | $1,410,947 | $1,642,014 | $5,374,717 | XML |
| 990 | September 2023 | $1,373,536 | $1,579,709 | $5,632,156 | XML |
| 990 | September 2022 | $1,312,048 | $1,422,792 | $5,916,764 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | 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 59-1295857).
Questions about DESOTO TOWERS INC
- What is the EIN of DESOTO TOWERS INC?
- The employer identification number (EIN) of DESOTO TOWERS INC is 59-1295857.
- Is DESOTO TOWERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to DESOTO TOWERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DESOTO TOWERS 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 DESOTO TOWERS INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DESOTO TOWERS 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 DESOTO TOWERS INC?
- The 990 for the year ended September 30, 2025 names Patricia Barber.
- Who are the officers and directors of DESOTO TOWERS INC?
- The 990 for the year ended September 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $50,907 (JOSEPHINE RIVERA, MANAGER).
- How much revenue does DESOTO TOWERS INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,424,422, expenses of $1,615,710 and total assets of $5,172,267 at year end.
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