Nonprofit · EIN 61-1250522
SMITHLAND ELDERLY APARTMENTS INC
Tax-exempt · WINSTON SALEM, NC 27114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $64,070 | $69,589 | -$5,519 | $94,031 | $628,963 | -$534,932 |
| December 31, 2023 | 990 | $68,674 | $84,998 | -$16,324 | $96,519 | $625,935 | -$529,416 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $20,531
- of which government grants
- $20,531
- Program service revenue
- $43,476
- Investment income
- $3
- Other revenue
- $60
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,500
- Occupancy
- $25,743
- Depreciation
- $3,439
- Program services (functional)
- $65,940
- Management and general (functional)
- $3,649
Balance sheet and other
- Total assets, start of year
- $96,519
- Total assets, end of year
- $94,031
- Total liabilities, end of year
- $628,963
- Net assets, end of year
- -$534,932
- Land, buildings and equipment
- $50,442
- Net assets without donor restrictions
- -$534,932
- Gross receipts
- $64,070
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1996
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOWARD MYERS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARGARET SHELTON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MILDRED MORTON | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| CHRIS LASHER | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOWARD MYERS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARGARET SHELTON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MILDRED MORTON | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| CHRIS LASHER | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 25088, WINSTON SALEM, NC 27114-5088
- Principal officer (990 for 2024)
- HOWARD M MYERS, 1429 BOWIE TRAIL B, OWENSBORO, KY 42303
- Signed the 990
- CHASE MIDDLETON, AGENT
- Phone
- (336) 760-8100
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
TO PROVIDE ELDERLY AND DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.
Program accomplishments
- THE ORGANIZATION OPERATES A 12-UNIT APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959. THE PROJECT IS LOCATED IN SMITHLAND, KENTUCKY AND IS REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") AS TO RENTAL RATES AND OPERATING METHODS. ADDITIONALLY, UNITS IN THE PROJECT ARE COVERED UNDER A PROJECT RENTAL ASSISTANCE CONTRACT WITH HUD AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD.Expenses $65,940 · revenue $43,536
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 | Not 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
- 61-1250522
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22Z)
- Assets (IRS master file)
- $94,031
- Income (IRS master file)
- $64,070
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $64,070 | $69,589 | $94,031 | XML |
| 990 | December 2023 | $68,674 | $84,998 | $96,519 | XML |
| 990 | December 2022 | $68,909 | $96,335 | $122,308 | 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 61-1250522).
Questions about SMITHLAND ELDERLY APARTMENTS INC
- What is the EIN of SMITHLAND ELDERLY APARTMENTS INC?
- The employer identification number (EIN) of SMITHLAND ELDERLY APARTMENTS INC is 61-1250522.
- Is SMITHLAND ELDERLY APARTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to SMITHLAND ELDERLY APARTMENTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SMITHLAND ELDERLY APARTMENTS 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 SMITHLAND ELDERLY APARTMENTS 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 SMITHLAND ELDERLY APARTMENTS 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 SMITHLAND ELDERLY APARTMENTS INC?
- The 990 for the year ended December 31, 2024 names HOWARD M MYERS.
- Who are the officers and directors of SMITHLAND ELDERLY APARTMENTS INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does SMITHLAND ELDERLY APARTMENTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $64,070, expenses of $69,589 and total assets of $94,031 at year end.
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