Nonprofit · EIN 61-1073244
HOUSING NOW-FLAGET INC
Tax-exempt · GERMANTOWN, TN 38138
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,143,417 | $987,708 | $155,709 | $1,662,393 | $1,996,104 | -$333,711 |
| December 31, 2024 | 990 | $1,155,967 | $960,369 | $195,598 | $1,571,728 | $2,061,148 | -$489,420 |
| December 31, 2023 | 990 | $1,081,580 | $995,813 | $85,767 | $1,489,630 | $2,174,648 | -$685,018 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $70,100
- of which government grants
- $70,100
- Program service revenue
- $1,066,624
- Investment income
- $6,693
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $59,600
- Salaries, compensation and benefits (total)
- $93,676
- Professional fundraising fees
- $0
- Legal fees
- $2,541
- Accounting fees
- $9,040
- Occupancy
- $654,093
- Depreciation
- $53,024
- Program services (functional)
- $900,777
- Management and general (functional)
- $86,931
Balance sheet and other
- Total assets, start of year
- $1,571,728
- Total assets, end of year
- $1,662,393
- Total liabilities, end of year
- $1,996,104
- Net assets, end of year
- -$333,711
- Land, buildings and equipment
- $595,933
- Net assets without donor restrictions
- -$333,711
- Gross receipts
- $1,143,417
- Employees
- 2
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY JOHNSON | PRESIDENT Officer | – | $0 |
| EDDY CHESTER | OFFICER Officer | – | $0 |
| ED RUSSELL | SECRETARY Officer | – | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY JOHNSON | PRESIDENT Officer | – | $0 |
| EDDY CHESTER | OFFICER Officer | – | $0 |
| ED RUSSELL | SECRETARY Officer | – | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY JOHNSON | PRESIDENT Officer | – | $0 |
| EDDY CHESTER | OFFICER Officer | – | $0 |
| ED RUSSELL | SECRETARY Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 2171 JUDICIAL DR STE 200, GERMANTOWN, TN 38138-3800
- Principal officer (990 for 2025)
- TERRY JOHNSON
- Signed the 990
- TERRY JOHNSON, PRESIDENT
- Phone
- (901) 759-1855
- Return prepared by
- ROWLAND & CARTER CPAS PLLC
Mission
TO PROVIDE LOW INCOME RENTAL HOUSING TO THE ELDERLY.
Program accomplishments
- RENTAL OF LOW & MODERATE INCOME HOUSINGExpenses $900,777 · revenue $1,066,623
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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1073244
- 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
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22Z)
- Assets (IRS master file)
- $1,662,393
- Income (IRS master file)
- $1,143,417
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,143,417 | $987,708 | $1,662,393 | IRS |
| 990 | December 2024 | $1,155,967 | $960,369 | $1,571,728 | XML |
| 990 | December 2023 | $1,081,580 | $995,813 | $1,489,630 | XML |
| 990 | December 2022 | $982,426 | $795,774 | $1,453,379 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 61-1073244).
Questions about HOUSING NOW-FLAGET INC
- What is the EIN of HOUSING NOW-FLAGET INC?
- The employer identification number (EIN) of HOUSING NOW-FLAGET INC is 61-1073244.
- Is HOUSING NOW-FLAGET INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to HOUSING NOW-FLAGET INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOUSING NOW-FLAGET 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 HOUSING NOW-FLAGET 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 HOUSING NOW-FLAGET INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HOUSING NOW-FLAGET INC?
- The 990 for the year ended December 31, 2025 names TERRY JOHNSON.
- Who are the officers and directors of HOUSING NOW-FLAGET INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does HOUSING NOW-FLAGET INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,143,417, expenses of $987,708 and total assets of $1,662,393 at year end.
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All nonprofits in GERMANTOWN · Tennessee · Housing and shelter