Nonprofit · EIN 59-2774085
PALM CAY HOMEOWNERS ASSOCIATION INC
Tax-exempt · OCALA, FL 34481
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $55,347 | $59,229 | -$3,882 | $46,719 | $0 | $46,719 |
| December 31, 2024 | 990-EZ | $40,857 | $40,668 | $189 | $50,601 | $0 | $50,601 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,264
- Net income from fundraising events
- $8,979
- Other revenue
- $45,104
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Printing, publications and postage
- $15,570
- Other expenses
- $43,659
Balance sheet and other
- Total assets, start of year
- $50,601
- Total assets, end of year
- $46,719
- Total liabilities, end of year
- $0
- Net assets, end of year
- $46,719
- Cash, savings and investments
- $46,719
- Gross receipts
- $130,653
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kathleeen Young | President & Director | 10 | $0 |
| Joseph Schuller | Vice President & Director | 2 | $0 |
| Frances Grass | Secretary | 3 | $0 |
| Linda Mead | Director | 1 | $0 |
| Nancy Solomon | Director | 1 | $0 |
| Janet Demary | Treasurer | 10 | $0 |
| Susan Thompson | Director | 1 | $0 |
| Beverly Stapleton | Director | 1 | $0 |
| Robert LaPolt | Director | 1 | $0 |
990-EZ for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Carter | President & Director | 10 | $0 |
| John Mullin | Vice President & Director | 1 | $0 |
| Frances Grass | Secretary & Director | 5 | $0 |
| Mary Crockett | Treasurer & Director | 5 | $0 |
| Robert Cyr | Director | 1 | $0 |
| Peachy Himmel | Director | 1 | $0 |
| Carol McLellan | Director | 1 | $0 |
| Linda Mead | Director | 1 | $0 |
| Nancy Solomon | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 8063 SW 106TH PL, OCALA, FL 34481-9138
- In care of
- % KATHLEEN YOUNG
- Mailing address (990-N for 2023)
- 8063 SW 106th Place, Ocala FL 34481
- Principal officer (990-N for 2023)
- David Carter, 8330 SW 105th Place, Ocala FL 34481
- Signed the 990-EZ
- Janet Demary, Treasurer
- Phone
- (352) 237-2309
Mission
To further the social and recreational purposes of our over 55 community.
Program accomplishments
- Palm Cay Homeowners Association has provided many social events for the residents of our over 55 community. Income and expenses for these events are listed in Schedule O.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 59-2774085
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $46,719
- Income (IRS master file)
- $130,653
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $55,347 | $59,229 | $46,719 | XML |
| 990-EZ | December 2024 | $40,857 | $40,668 | $50,601 | XML |
| 990-N for 2023 Officer: David Carter | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2011 Officer: Carl Edgerton Treasurer | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
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 59-2774085).
Questions about PALM CAY HOMEOWNERS ASSOCIATION INC
- What is the EIN of PALM CAY HOMEOWNERS ASSOCIATION INC?
- The employer identification number (EIN) of PALM CAY HOMEOWNERS ASSOCIATION INC is 59-2774085.
- Is PALM CAY HOMEOWNERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1988.
- Are donations to PALM CAY HOMEOWNERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PALM CAY HOMEOWNERS ASSOCIATION 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 PALM CAY HOMEOWNERS ASSOCIATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PALM CAY HOMEOWNERS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of PALM CAY HOMEOWNERS ASSOCIATION INC?
- The 990-N for 2023 names David Carter.
- Who are the officers and directors of PALM CAY HOMEOWNERS ASSOCIATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does PALM CAY HOMEOWNERS ASSOCIATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $55,347, expenses of $59,229 and total assets of $46,719 at year end.
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