Nonprofit · EIN 68-0031899
VILLAGE ODUDUWA CORPORATION OF MARIN CITY
Tax-exempt (reinstated) · FAIRFAX, CA 94930
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $593,676 | $602,200 | -$8,524 | $832,978 | $731,986 | $100,992 |
| December 31, 2023 | 990 | $547,754 | $556,323 | -$8,569 | $862,559 | $753,043 | $109,516 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $480,360
- of which government grants
- $477,920
- Program service revenue
- $113,026
- Investment income
- $290
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $89,400
- Other salaries and wages
- $70,254
- Salaries, compensation and benefits (total)
- $184,816
- Professional fundraising fees
- $0
- Accounting fees
- $259
- Occupancy
- $150,969
- Travel
- $675
- Depreciation
- $42,412
- Program services (functional)
- $567,992
- Management and general (functional)
- $34,208
Balance sheet and other
- Total assets, start of year
- $862,559
- Total assets, end of year
- $832,978
- Total liabilities, end of year
- $731,986
- Net assets, end of year
- $100,992
- Land, buildings and equipment
- $425,651
- Net assets without donor restrictions
- $100,992
- Gross receipts
- $593,676
- Employees
- 7
- State of legal domicile
- CA
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 |
|---|---|---|---|
| REV EMMANUEL O AKOGNON | President Trustee or director | 15 | $81,400 |
| SHOLA AKOGNON | Vice President Trustee or director | 1.5 | $8,000 |
| MARKELA JONES | Director Trustee or director | 1.5 | $0 |
| TAMMARA HALL | BOARD Trustee or director | 1.5 | $0 |
| MARGARET WOODS ALLEN | MEMBER Trustee or director | 1.5 | $0 |
| DERRICK HUNT | BOARD MEMBER Trustee or director | 1.5 | $0 |
| MARGARET WOODS ALLEN | – | 1.5 | $0 |
| REGINALD HARISTON | – | 1.5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REV EMMANUEL O AKOGNON | President Trustee or director | 15 | $88,000 |
| SHOLA AKOGNON | Vice President Trustee or director | 1.5 | $8,000 |
| MARKELA JONES | Director Trustee or director | 1.5 | $0 |
| REGINALD HARISTON | BOARD Trustee or director | 1.5 | $0 |
| MARGARET WOODS ALLEN | MEMBER Trustee or director | 1.5 | $0 |
| MARGARET WOODS ALLEN | – | 1.5 | $0 |
| REGINALD HARISTON | – | 1.5 | $0 |
Address and contacts
- Address (IRS master file)
- 47 MANOR VIEW DR, FAIRFAX, CA 94930-1008
- Principal officer (990 for 2024)
- SHOLA AKOGNON, 2 PARK CIRCLE, MARIN CITY, CA 94965
- Signed the 990
- SHOLA AKOGNON, Vice President
- Phone
- (415) 332-2100
- Return prepared by
- Torkelson & Associates CPAs LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 68-0031899 or by the name VILLAGE ODUDUWA CORPORATION OF MARIN CITY.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE CORPORATION WAS INCORPORATED FOR THE PURPOSE OF DEVELOPING AND OPERATING A 25-UNIT APARTMENT COMPLEX THAT PROVIDES HOUSING FOR ELDERLY AND HANDICAPPED PERSONS OF LOW AND MODERATE INCOME.
Program accomplishments
- THE CORPORATION OPERATES A LOW AND MODERATE INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS, CONSISTING OF 25 UNITS SUBSIDIZED BY CHFA.Expenses $567,992
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
- 68-0031899
- 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
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $832,978
- Income (IRS master file)
- $593,676
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective July 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $593,676 | $602,200 | $832,978 | IRS |
| 990 | December 2023 | $547,754 | $556,323 | $862,559 | XML |
| 990 | December 2022 | $557,555 | $536,190 | $1,365,253 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 68-0031899).
Questions about VILLAGE ODUDUWA CORPORATION OF MARIN CITY
- What is the EIN of VILLAGE ODUDUWA CORPORATION OF MARIN CITY?
- The employer identification number (EIN) of VILLAGE ODUDUWA CORPORATION OF MARIN CITY is 68-0031899.
- Is VILLAGE ODUDUWA CORPORATION OF MARIN CITY tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective July 15, 2011.
- Are donations to VILLAGE ODUDUWA CORPORATION OF MARIN CITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VILLAGE ODUDUWA CORPORATION OF MARIN CITY 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 VILLAGE ODUDUWA CORPORATION OF MARIN CITY 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 VILLAGE ODUDUWA CORPORATION OF MARIN CITY 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 VILLAGE ODUDUWA CORPORATION OF MARIN CITY?
- The 990 for the year ended December 31, 2024 names SHOLA AKOGNON.
- Who are the officers and directors of VILLAGE ODUDUWA CORPORATION OF MARIN CITY?
- The 990 for the year ended December 31, 2024 lists 8 people; 2 received compensation from the organization, the highest $81,400 (REV EMMANUEL O AKOGNON, President).
- How much revenue does VILLAGE ODUDUWA CORPORATION OF MARIN CITY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $593,676, expenses of $602,200 and total assets of $832,978 at year end.
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