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Nonprofit · EIN 61-1249570

ALDERSGATE PROPERTIES INC

Tax-exempt · FLORENCE, KY 41042

Financials

$406K$381K2023$438K$388K2024
Revenue Expenses · by fiscal year end
Financials of ALDERSGATE PROPERTIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$438,273$388,261$50,012$275,901$2,389,699-$2,113,798
June 30, 2024990$406,063$381,125$24,938$261,241$2,425,032-$2,163,791
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$240,763
of which government grants
$240,763
Program service revenue
$194,604
Investment income
$2,906
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$13,770
Occupancy
$73,678
Depreciation
$1,992
Program services (functional)
$363,106
Management and general (functional)
$25,155

Balance sheet and other

Total assets, start of year
$261,241
Total assets, end of year
$275,901
Total liabilities, end of year
$2,389,699
Net assets, end of year
-$2,113,798
Land, buildings and equipment
$105,236
Net assets without donor restrictions
-$2,113,798
Gross receipts
$438,273
Employees
0
Volunteers
8
Year formed
1993
State of legal domicile
KY

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
MICHAEL ALBRECHTPRESIDENT
Trustee or director, Officer
2$0
J CARLYLE ACKLEYTREASURER
Trustee or director, Officer
2$0
DIANNE COLEMANSECRETARY
Trustee or director, Officer
2$0
JANET BOWLINGDIRECTOR
Trustee or director
2$0
GARY WINNDIRECTOR
Trustee or director
2$0
990 for the year ended June 30, 2024: 6 people
NameTitleHours / weekCompensation
MICHAEL ALBRECHTPRESIDENT
Trustee or director, Officer
2$0
J CARLYLE ACKLEYTREASURER
Trustee or director, Officer
2$0
DIANNE COLEMANSECRETARY
Trustee or director, Officer
2$0
JOY TUCKER THROUGH 6302023DIRECTOR
Trustee or director
2$0
JANET BOWLINGDIRECTOR
Trustee or director
2$0
GARY WINNDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
8585 OLD TOLL RD, FLORENCE, KY 41042-9517
Principal officer (990 for 2024)
KAREN HARGETT, 8585 OLD TOLL ROAD, FLORENCE, KY 41042
Signed the 990
J CARLYLE ACKLEY, EXECUTIVE DIRECTOR
Phone
(513) 241-1911
Return prepared by
EAG AFFORDABLE HOUSING LLC

Mission

ORGANIZED TO OWN, OPERATE, AND MAINTAIN A HOUSING FACILITY FOR THE ELDERLY AND/OR HANDICAPPED.

990 for the year ended June 30, 2025

Program accomplishments

  • THE ORGANIZATION OWNS, OPERATES AND MAINTAINS A 40-UNIT HOUSING FACILITY LOCATED IN FLORENCE, KENTUCKY FOR THE ELDERLY AND/OR HANDICAPPED. RESIDENTS ARE QUALIFIED UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT.
    Expenses $363,106 · revenue $194,604

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
61-1249570
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
1994
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$275,901
Income (IRS master file)
$438,273

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$438,273$388,261$275,901IRS
990June 2024$406,063$381,125$261,241XML
990June 2023$305,991$337,609$230,971IRS
990June 2022$225,269$346,027$261,192IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 61-1249570).

Questions about ALDERSGATE PROPERTIES INC

What is the EIN of ALDERSGATE PROPERTIES INC?
The employer identification number (EIN) of ALDERSGATE PROPERTIES INC is 61-1249570.
Is ALDERSGATE PROPERTIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to ALDERSGATE PROPERTIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ALDERSGATE PROPERTIES 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 ALDERSGATE PROPERTIES 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 ALDERSGATE PROPERTIES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of ALDERSGATE PROPERTIES INC?
The 990 for the year ended June 30, 2025 names KAREN HARGETT.
Who are the officers and directors of ALDERSGATE PROPERTIES INC?
The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does ALDERSGATE PROPERTIES INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $438,273, expenses of $388,261 and total assets of $275,901 at year end.

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