Nonprofit · EIN 71-0508225
GORMAN TOWERS INC
Tax-exempt · FORT SMITH, AR 72902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $2,249,292 | $1,829,544 | $419,748 | $3,812,223 | $3,425,076 | $387,147 |
| August 31, 2024 | 990 | $2,132,750 | $1,817,877 | $314,873 | $3,739,309 | $3,771,910 | -$32,601 |
| August 31, 2023 | 990 | $2,077,309 | $1,852,832 | $224,477 | $3,597,272 | $3,944,746 | -$347,474 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $1,504,972
- of which government grants
- $1,504,972
- Program service revenue
- $743,611
- Investment income
- $709
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $398,565
- Salaries, compensation and benefits (total)
- $467,574
- Professional fundraising fees
- $0
- Accounting fees
- $22,691
- Depreciation
- $162,066
- Program services (functional)
- $1,010,569
- Management and general (functional)
- $818,975
Balance sheet and other
- Total assets, start of year
- $3,739,309
- Total assets, end of year
- $3,812,223
- Total liabilities, end of year
- $3,425,076
- Net assets, end of year
- $387,147
- Land, buildings and equipment
- $2,523,429
- Net assets without donor restrictions
- $387,147
- Gross receipts
- $2,249,292
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1980
- State of legal domicile
- AR
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL HUTCHINSON | BOARD PRESIDENT Trustee or director, Officer | 0 | $0 |
| JEFF FENWICK | BOD MEMBER Trustee or director | 0 | $0 |
| AUDRA BAILEY | BOD MEMBER Trustee or director | 0 | $0 |
990 for the year ended August 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Audra Bailey | Board Member Trustee or director | 0 | $0 |
| Jeff Fenwick | Board Member Trustee or director | 0 | $0 |
| Dr William Hutchinson | Board Presid Trustee or director, Officer | 0 | $0 |
990 for the year ended August 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AUDRA BAILEY | BOARD MEMBER Trustee or director | – | $0 |
| JEFF FENWICK | BOARD MEMBER Trustee or director | – | $0 |
| DR WILLIAM HUTCHINSON | BOARD PRESID Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1526, FORT SMITH, AR 72902-1526
- Principal officer (990 for 2024)
- BILL HUTCHINSON, PO BOX 1526, FORT SMITH, AR 72902
- Signed the 990
- BILL HUTCHINSON, PRESIDENT
- Phone
- (479) 782-7268
- Return prepared by
- LANDMARK PLC CPAS
Mission
NON PROFIT HOUSING FOR THE ELDERLY AND THE HANDICAPPED
Program accomplishments
- GORMAN TOWERS, INC. OPERATES ON A NON-PROFIT BASIS AND PROVIDES HOUSING FOR THE ELDERLY AND HANDICAPPED. GORMAN TOWERS, INC. CONSISTS OF 150 UNITS (APARTMENTS) AND IS REGULATED BY THE US DEPT OF HOUSING AND URBAN DEVELOPMENTExpenses $1,010,569 · revenue $744,320
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 71-0508225
- 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
- 1978
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22Z)
- Assets (IRS master file)
- $3,812,223
- Income (IRS master file)
- $2,249,292
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $2,249,292 | $1,829,544 | $3,812,223 | XML |
| 990 | August 2024 | $2,132,750 | $1,817,877 | $3,739,309 | XML |
| 990 | August 2023 | $2,077,309 | $1,852,832 | $3,597,272 | XML |
| 990 | August 2022 | $2,069,509 | $1,729,277 | $3,620,907 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 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 71-0508225).
Questions about GORMAN TOWERS INC
- What is the EIN of GORMAN TOWERS INC?
- The employer identification number (EIN) of GORMAN TOWERS INC is 71-0508225.
- Is GORMAN TOWERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to GORMAN TOWERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GORMAN TOWERS 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 GORMAN TOWERS INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GORMAN TOWERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of GORMAN TOWERS INC?
- The 990 for the year ended August 31, 2025 names BILL HUTCHINSON.
- Who are the officers and directors of GORMAN TOWERS INC?
- The 990 for the year ended August 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does GORMAN TOWERS INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $2,249,292, expenses of $1,829,544 and total assets of $3,812,223 at year end.
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