Nonprofit · EIN 65-1317338
FOUNDATION REALTY
Tax-exempt · NORFOLK, VA 23510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $213,315 | $182,115 | $31,200 | $1,835,864 | $0 | $1,835,864 |
| December 31, 2024 | 990 | $224,982 | $351,460 | -$126,478 | $1,754,002 | $0 | $1,754,002 |
| December 31, 2023 | 990 | $242,572 | $485,978 | -$243,406 | $1,754,002 | $0 | $1,754,002 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $213,315
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $182,075
- Management and general (functional)
- $40
Balance sheet and other
- Total assets, start of year
- $1,754,002
- Total assets, end of year
- $1,835,864
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,835,864
- Net assets without donor restrictions
- $1,835,864
- Gross receipts
- $213,315
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2007
- State of legal domicile
- VA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DEBORAH M DICROCE | PRESIDENT, SECRETARY & CEO Trustee or director, Officer | 1 | $0 | $389,254 | $21,792 |
| RICHARD MATTHEWS | CFO Officer | 1 | $0 | $207,450 | $21,871 |
| LINDA M RICE | VICE PRESIDENT OF GRANT MA Highest-paid employee | 0.5 | $0 | $210,916 | $13,433 |
| ROBIN FOREMAN-WHEELER | VICE PRESIDENT FOR ADMINIS Highest-paid employee | 0.5 | $0 | $166,050 | $19,648 |
| MICHELLE WASHINGTON | VICE PRESIDENT FOR COMMUNI Highest-paid employee | 1 | $0 | $164,436 | $18,522 |
| KAY A STINE | VICE PRESIDENT OF DEVELOPM Highest-paid employee | 1 | $0 | $166,050 | $10,754 |
| VIVIAN M ODEN | VICE PRESIDENT FOR EQUITY Highest-paid employee | 1 | $0 | $150,675 | $18,726 |
| LEIGH E DAVIS | VICE PRESIDENT FOR DONOR E Highest-paid employee | 1 | $0 | $150,675 | $18,541 |
| LYNN WATSON NEUMANN | GENERAL COUNSEL Highest-paid employee | 1 | $0 | $134,696 | $17,637 |
| ANDREW ROPER | INFORMATION SECURITY OFFICER Highest-paid employee | 1 | $0 | $133,250 | $17,496 |
| FRANK BATTEN JR | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DAWN S GLYNN | DIRECTOR & TREASURER Trustee or director | 0.5 | $0 | $0 | $0 |
| OWEN D GRIFFIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| AKHIL JAIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| HOWARD P KERN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHARON S GOODWYN | DIRECTOR & CHAIR Trustee or director | 0.5 | $0 |
| J CHRISTOPER PERRY | DIRECTOR Trustee or director | 0.5 | $0 |
| LEMUEL E LEWIS | DIRECTOR Trustee or director | 0.5 | $0 |
| CYNTHIA C ROMERO MD | DIRECTOR Trustee or director | 0.5 | $0 |
| RONY THOMAS | DIRECTOR Trustee or director | 0.5 | $0 |
| JOAN P BROCK | DIRECTOR Trustee or director | 0.5 | $0 |
| LYNNE MALLORY WINTER | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN O WYNNE JR | DIRECTOR & VICE CHAIR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DEBORAH M DICROCE | PRESIDENT, SECRETARY & CEO Trustee or director, Officer | 1 | $0 | $385,907 | $21,453 |
| LINDA M RICE | VICE PRESIDENT OF GRANT MA Highest-paid employee | 0.5 | $0 | $213,260 | $13,549 |
| RICHARD MATTHEWS | CFO Officer | 1 | $0 | $202,390 | $21,453 |
| ROBIN FOREMAN-WHEELER | VICE PRESIDENT FOR ADMINIS Highest-paid employee | 0.5 | $0 | $162,000 | $20,743 |
| KAY A STINE | VICE PRESIDENT OF DEVELOPM Highest-paid employee | 1 | $0 | $162,000 | $10,528 |
| MICHELLE WASHINGTON | VICE PRESIDENT FOR COMMUNICATIONS Highest-paid employee | 1 | $0 | $160,425 | $11,256 |
| LEIGH E DAVIS | VICE PRESIDENT FOR DONOR ENGAGEMENT Highest-paid employee | 1 | $0 | $147,000 | $22,582 |
| VIVIAN M ODEN | VICE PRESIDENT FOR EQUITY Highest-paid employee | 1 | $0 | $147,000 | $18,584 |
| LYNN WATSON NEUMANN | GENERAL COUNSEL Highest-paid employee | 1 | $0 | $131,411 | $21,950 |
| FRANK BATTEN JR | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LD BRITT MD | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DAWN S GLYNN | DIRECTOR & TREASURER Trustee or director | 0.5 | $0 | $0 | $0 |
| THOMAS R FRANTZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MILES LEON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| HOWARD P KERN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SHARON S GOODWYN | DIRECTOR & CHAIR Trustee or director | 0.5 | $0 | $0 | $0 |
| SUZANNE PURYEAR | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LEMUEL E LEWIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CYNTHIA C ROMERO MD | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| RONY THOMAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JOAN P BROCK | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| HON JERRAULD D JONES | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JOHN O WYNNE JR | DIRECTOR & VICE CHAIR Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DEBORAH M DICROCE | PRESIDENT, SECRETARY & CEO Trustee or director, Officer | 1 | $0 | $349,091 | $20,479 |
| LINDA M RICE | VICE PRESIDENT OF GRANT MA Highest-paid employee | 0.5 | $0 | $206,436 | $13,066 |
| RICHARD MATTHEWS | CFO Officer | 1 | $0 | $195,546 | $21,271 |
| ROBIN FOREMAN-WHEELER | VICE PRESIDENT FOR ADMINIS Highest-paid employee | 0.5 | $0 | $148,913 | $18,714 |
| KAY A STINE | VICE PRESIDENT OF DEVELOPM Highest-paid employee | 1 | $0 | $151,421 | $9,859 |
| VIVIAN M ODEN | VICE PRESIDENT FOR EQUITY AND DIVERSITY Highest-paid employee | 1 | $0 | $135,197 | $16,800 |
| FRANK BATTEN JR | DIRECTOR & VICE CHAIR Trustee or director | 0.5 | $0 | $0 | $0 |
| LD BRITT MD | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DAWN S GLYNN | DIRECTOR & TREASURER Trustee or director | 0.5 | $0 | $0 | $0 |
| THOMAS R FRANTZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MILES LEON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| HOWARD P KERN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SHARON S GOODWYN | DIRECTOR & CHAIR Trustee or director | 0.5 | $0 | $0 | $0 |
| SUZANNE PURYEAR | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LEMUEL E LEWIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CYNTHIA C ROMERO MD | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| RONY THOMAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JAMES A SQUIRES | DIRECTOR & PAST CHAIR Trustee or director | 0.5 | $0 | $0 | $0 |
| JOAN P BROCK | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| HON JERRAULD D JONES | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JOHN O WYNNE JR | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 101 W MAIN ST STE 4500, NORFOLK, VA 23510-1644
- Principal officer (990 for 2025)
- RICHARD MATTHEWS, 101 W MAIN STREET 4500, NORFOLK, VA 23510
- Signed the 990
- RICHARD MATTHEWS, CFO
- Phone
- (757) 622-7951
- Return prepared by
- CAVANAUGH NELSON PLC
Mission
TO ACCEPT AND CONVERT CONTRIBUTIONS OF REAL PROPERTY TO OTHER INVESTMENT ASSETS FOR THE BENEFIT OF THE SUPPORTED ORGANIZATION'S CHARITABLE PURPOSE.
Program accomplishments
- TO ACCEPT AND CONVERT CONTRIBUTIONS OF REAL PROPERTY TO OTHER INVESTMENT ASSETS FOR THE BENEFIT OF THE SUPPORTED ORGANIZATION'S CHARITABLE PURPOSE.Expenses $182,075
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 | 990 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
- 65-1317338
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mental health and crisis intervention (F11)
- Assets (IRS master file)
- $1,835,864
- Income (IRS master file)
- $213,315
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $213,315 | $182,115 | $1,835,864 | XML |
| 990 | December 2024 | $224,982 | $351,460 | $1,754,002 | IRS |
| 990 | December 2023 | $242,572 | $485,978 | $1,754,002 | XML |
| 990 | December 2022 | $762,437 | $766,147 | $1,862,370 | 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 65-1317338).
Questions about FOUNDATION REALTY
- What is the EIN of FOUNDATION REALTY?
- The employer identification number (EIN) of FOUNDATION REALTY is 65-1317338.
- Is FOUNDATION REALTY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to FOUNDATION REALTY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FOUNDATION REALTY 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 FOUNDATION REALTY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION REALTY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FOUNDATION REALTY?
- The 990 for the year ended December 31, 2025 names RICHARD MATTHEWS.
- Who are the officers and directors of FOUNDATION REALTY?
- The 990 for the year ended December 31, 2025 lists 23 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION REALTY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $213,315, expenses of $182,115 and total assets of $1,835,864 at year end.
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All nonprofits in NORFOLK · Virginia · Mental health and crisis intervention