Nonprofit · EIN 62-1594643
SOUTHEAST REGIONAL DEVELOPMENT CORPORATION
Tax-exempt · MEMPHIS, TN 38118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,815 | $93,207 | -$85,392 | $6,073,176 | $802 | $6,072,374 |
| December 31, 2023 | 990 | $0 | $0 | $0 | $0 | $0 | $0 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $5,125
- Other revenue
- $2,690
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $80,000
- Salaries, compensation and benefits (total)
- $86,351
- Professional fundraising fees
- $0
- Occupancy
- $2,724
- Program services (functional)
- $93,207
Balance sheet and other
- Total assets, start of year
- $5,537,268
- Total assets, end of year
- $6,073,176
- Total liabilities, end of year
- $802
- Net assets, end of year
- $6,072,374
- Land, buildings and equipment
- $39,726
- Net assets without donor restrictions
- $6,072,374
- Gross receipts
- $7,815
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1995
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| J W Gibson | Director Trustee or director, Officer | 20 | $80,000 |
| Ms Gail Davis | Asst. Director Officer | 20 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| J W Gibson | Director Trustee or director, Officer | 20 | $0 |
| Ms Gail Davis | Asst. Director Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 4600 CROMWELL AVENUE, MEMPHIS, TN 38118-6341
- Principal officer (990 for 2024)
- James W Gibson, 3032 Fleetbrook Dr, Memphis, TN 38116
- Signed the 990
- James Gibson, CEO
- Phone
- (901) 346-9002
- Return prepared by
- BANKS FINLEY WHITE & CO
Mission
Provide Low Income Housing
Program accomplishments
- Provide Low Income HousingExpenses $93,207
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 62-1594643
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $6,073,176
- Income (IRS master file)
- $7,815
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,815 | $93,207 | $6,073,176 | XML |
| 990 | December 2023 | $0 | $0 | $0 | XML |
| 990 | December 2022 | $0 | $0 | $0 | IRS |
| 990 | December 2021 | $0 | $0 | $0 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 62-1594643).
Questions about SOUTHEAST REGIONAL DEVELOPMENT CORPORATION
- What is the EIN of SOUTHEAST REGIONAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SOUTHEAST REGIONAL DEVELOPMENT CORPORATION is 62-1594643.
- Is SOUTHEAST REGIONAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to SOUTHEAST REGIONAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHEAST REGIONAL DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SOUTHEAST REGIONAL DEVELOPMENT CORPORATION 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 SOUTHEAST REGIONAL DEVELOPMENT CORPORATION 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 SOUTHEAST REGIONAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names James W Gibson.
- Who are the officers and directors of SOUTHEAST REGIONAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization, the highest $80,000 (J W Gibson, Director).
- How much revenue does SOUTHEAST REGIONAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,815, expenses of $93,207 and total assets of $6,073,176 at year end.
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