Nonprofit · EIN 63-1088214
MLK AVENUE REDEVELOPMENT CORPORATION
Tax-exempt · MOBILE, AL 36652
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $186,741 | $319,618 | -$132,877 | $808,132 | $79,877 | $728,255 |
| December 31, 2023 | 990 | $292,407 | $417,404 | -$124,997 | $938,547 | $77,415 | $861,132 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $24,250
- of which government grants
- $19,750
- Program service revenue
- $162,491
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $86,250
- Salaries, compensation and benefits (total)
- $92,848
- Professional fundraising fees
- $0
- Accounting fees
- $18,035
- Occupancy
- $5,132
- Depreciation
- $429
- Program services (functional)
- $267,731
- Management and general (functional)
- $51,887
Balance sheet and other
- Total assets, start of year
- $938,547
- Total assets, end of year
- $808,132
- Total liabilities, end of year
- $79,877
- Net assets, end of year
- $728,255
- Net assets without donor restrictions
- $696,179
- Net assets with donor restrictions
- $32,076
- Gross receipts
- $186,741
- Employees
- 1
- Volunteers
- 4
- Year formed
- 1993
- State of legal domicile
- AL
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 |
|---|---|---|---|
| DAPHNE PIERCE | EXECUTIVE DI Officer | 40 | $86,250 |
| DARRELL RANDLE | CHAIRMAN Officer | – | $0 |
| CYNTHIA MALONE | VICE CHAIRMA Officer | – | $0 |
| CARLOS GANT | SECRETARY/TR Officer | – | $0 |
| CHRISTOPHER LEE | ADVISORY BRD Officer | – | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAPHNE PIERCE | EXECUTIVE DI Officer | 40 | $90,000 |
| CARLOS GANT | SECRETARY/TR Officer | – | $0 |
| CHRISTOPHER LEE | ADVISORY BRD Officer | – | $0 |
| DARRELL RANDLE | CHAIRMAN Officer | – | $0 |
| SAMANTHA SANDERS | VICE CHAIRMA Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2204, MOBILE, AL 36652-2204
- Principal officer (990 for 2024)
- DAPHNE PIERCE
- Signed the 990
- DAPHNE PIERCE, EXECUTIVE DIRECTOR
- Phone
- (251) 432-3073
- Return prepared by
- MOSTELLAR & SHREVE LLP
Mission
COMMUNITY REDEVELOPMENT
Program accomplishments
- MLK BUYS VACANT LOTS AND DILAPIDATED STRUCTURES, WHICH ARE DEMOLISHED, AND CONSTRUCTS NEW AFFORDABLE HOMES FOR SALE TO QUALIFYING LOW TO MODERATE INCOME PERSONS UNDER THE CHDO GRANT PROGRAM. ONE HOME WAS SOLD DURING THE YEAR. MLK ALSO FACILITATES A LEASE PURCHASE PROGRAM WHERE APPLICANTS CAN RENT HOMES RENOVATED BY THE ORGANIZATION TO ESTABLISH CREDIT TO EVENTUALLY PURCHASE THE HOME.Expenses $267,731 · revenue $162,491
- MLK PROVIDES OTHER PROGRAMS ON AN AS NEEDED BASIS. THIS IS DETERMINED BY THE BOARD AND EXECUTIVE DIRECTOR. THESE PROGRAMS WORK IN CONJUNCTION WITH THE AFFORDABLE HOMES PROGRAM IN AN EFFORT TO ENRICH THE MLK COMMUNITY AND ITS RESIDENTS. AT TIMES, MLK PARTICIPATES IN A PROGRAM NAMED FINANCIAL EDUCATION (ECONOMIC EMPOWERMENT) WHICH TARGETS INDIVIDUALS AND TEACHES THEM BASIC FINANCIAL MANAGEMENT TECHNIQUES.
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
- 63-1088214
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S310)
- Assets (IRS master file)
- $808,132
- Income (IRS master file)
- $186,741
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $186,741 | $319,618 | $808,132 | IRS |
| 990 | December 2023 | $292,407 | $417,404 | $938,547 | XML |
| 990 | December 2022 | $29,911 | $168,805 | $1,037,064 | IRS |
| 990 | December 2021 | – | – | – | 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 63-1088214).
Questions about MLK AVENUE REDEVELOPMENT CORPORATION
- What is the EIN of MLK AVENUE REDEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MLK AVENUE REDEVELOPMENT CORPORATION is 63-1088214.
- Is MLK AVENUE REDEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to MLK AVENUE REDEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MLK AVENUE REDEVELOPMENT CORPORATION 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 MLK AVENUE REDEVELOPMENT 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 MLK AVENUE REDEVELOPMENT 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 MLK AVENUE REDEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names DAPHNE PIERCE.
- Who are the officers and directors of MLK AVENUE REDEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $86,250 (DAPHNE PIERCE, EXECUTIVE DI).
- How much revenue does MLK AVENUE REDEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $186,741, expenses of $319,618 and total assets of $808,132 at year end.
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