Nonprofit · EIN 62-1501638
AMERICAN HERITAGE APARTMENTS INC
Tax-exempt · TEXARKANA, TX 75503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,365,900 | $5,437,995 | -$1,072,095 | $41,654,391 | $408,135 | $41,246,256 |
| June 30, 2024 | 990 | $3,856,248 | $5,025,644 | -$1,169,396 | $42,288,408 | $630,956 | $41,657,452 |
| June 30, 2023 | 990 | $3,472,705 | $5,136,466 | -$1,663,761 | $44,871,936 | $1,341,888 | $43,530,048 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,806,234
- Investment income
- $1,372,303
- Net gain from sales of assets
- $650,081
- Other revenue
- $187,363
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $867,153
- Other salaries and wages
- $750,853
- Salaries, compensation and benefits (total)
- $2,200,696
- Professional fundraising fees
- $0
- Legal fees
- $12,655
- Accounting fees
- $89,099
- Occupancy
- $1,128,032
- Travel
- $102,774
- Depreciation
- $1,428,532
- Program services (functional)
- $4,347,259
- Management and general (functional)
- $1,090,736
Balance sheet and other
- Total assets, start of year
- $42,288,408
- Total assets, end of year
- $41,654,391
- Total liabilities, end of year
- $408,135
- Net assets, end of year
- $41,246,256
- Land, buildings and equipment
- $13,900,258
- Net assets without donor restrictions
- $41,246,256
- Gross receipts
- $5,841,590
- Employees
- 29
- Year formed
- 1992
- State of legal domicile
- TN
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LONNY D WEITZEL | PRESIDENT Officer | 40 | $440,110 |
| WILLIAM D WEITZEL | VICE PRESIDE Officer | 40 | $427,041 |
| CHARLENE CARTER | CONTROLLER Highest-paid employee | 40 | $212,923 |
| KAREN FARRIS | BOOKEEPER Highest-paid employee | 40 | $111,334 |
| CALEB BATISTA | BOARD MEMBER Trustee or director | 0 | $0 |
| JAMES HENRY FINCHER | BOARD MEMBER Trustee or director | 0 | $0 |
| BRENDON PETERSON | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LONNY D WEITZEL | VICE PRESIDE Officer | 40 | $422,508 |
| WILLIAM D WEITZEL | PRESIDENT Officer | 40 | $419,799 |
| CHARLENE CARTER | CONTROLLER Highest-paid employee | 40 | $194,752 |
| KAREN FARRIS | BOOKEEPER Highest-paid employee | 40 | $112,633 |
| JAMES HENRY FINCHER | BOARD MEMBER Trustee or director | 0 | $4,200 |
| BRENDON PETERSON | BOARD MEMBER Trustee or director | 0 | $4,200 |
| CALEB BATISTA | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lonny D Weitzel | Vice President Trustee or director, Officer | 40 | $435,091 |
| William D Weitzel | President Trustee or director, Officer | 40 | $358,366 |
| Charlene Carter | Comptroller | 40 | $147,589 |
| Brendon Peterson | Board Member Trustee or director | 40 | $74,665 |
| James Henry Fincher | Board Member Trustee or director | 0 | $0 |
| Kenneth Straw | Board Member Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1430 COLLEGE DR, TEXARKANA, TX 75503-3534
- In care of
- % WILLIAM D WEITZEL
- Principal officer (990 for 2024)
- LONNY D WEITZEL, 227 WEST LAKE ROAD, TEXARKANA, TX 75501
- Signed the 990
- LONNY D WEITZEL, PRESIDENT
- Phone
- (903) 832-3000
- Return prepared by
- LAWSON ACCOUNTING GROUP
Mission
QUALITY AFFORDABLE HOUSING. WE OFFER REDUCED RENT TO LOW AND VERY LOW INDIVIDUALS AND FAMILIES. WE DEDICATE 35% OF OUR UNITS TO THIS PURPOSE. WE RECEIVE NO FUNDING FROM OUTSIDE SOURCES TO ASSIST WITH THIS ENDEAVER.
Program accomplishments
- QUALITY AFFORDABLE HOUSING. WE OFFER REDUCED RENT TO LOW AND VERY LOW INDIVIDUALS AND FAMILIES. WE DEDICATE 35% OF OUR UNITS TO THIS PURPOSE. WE RECEIVE NO FUNDING FROM OUTSIDE SOURCES TO ASSIST WITH THIS ENDEAVER.Expenses $4,166,215
- THE ENTITY MAINTAINS OTHER AIRCRAFT PREVIOUSLY USED IN A FLIGHT SCHOOL.Expenses $181,044
- THE ENTITY LEASES ANOTHER AIRCRAFT TO ANOTHER ENTITY
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1501638
- 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)
- $41,654,391
- Income (IRS master file)
- $5,841,590
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,365,900 | $5,437,995 | $41,654,391 | IRS |
| 990 | June 2024 | $3,856,248 | $5,025,644 | $42,288,408 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $3,472,705 | $5,136,466 | $44,871,936 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | 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 62-1501638).
Questions about AMERICAN HERITAGE APARTMENTS INC
- What is the EIN of AMERICAN HERITAGE APARTMENTS INC?
- The employer identification number (EIN) of AMERICAN HERITAGE APARTMENTS INC is 62-1501638.
- Is AMERICAN HERITAGE APARTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to AMERICAN HERITAGE APARTMENTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN HERITAGE 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 AMERICAN HERITAGE APARTMENTS 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 AMERICAN HERITAGE APARTMENTS 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 AMERICAN HERITAGE APARTMENTS INC?
- The 990 for the year ended June 30, 2025 names LONNY D WEITZEL.
- Who are the officers and directors of AMERICAN HERITAGE APARTMENTS INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 4 received compensation from the organization, the highest $440,110 (LONNY D WEITZEL, PRESIDENT).
- How much revenue does AMERICAN HERITAGE APARTMENTS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,365,900, expenses of $5,437,995 and total assets of $41,654,391 at year end.
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