Nonprofit · EIN 71-0563803
MONTICELLO ECUMENICAL RETIREMENT CENTER INC
Tax-exempt · MONTICELLO, AR 71655
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $520,457 | $383,558 | $136,899 | $1,206,496 | $73,609 | $1,132,887 |
| December 31, 2023 | 990 | $492,910 | $394,035 | $98,875 | $1,220,183 | $224,195 | $995,988 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $502,096
- Investment income
- $18,279
- Other revenue
- $82
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $107,480
- Salaries, compensation and benefits (total)
- $114,699
- Professional fundraising fees
- $0
- Legal fees
- $1,250
- Accounting fees
- $7,225
- Depreciation
- $44,764
- Program services (functional)
- $376,333
- Management and general (functional)
- $7,225
Balance sheet and other
- Total assets, start of year
- $1,220,183
- Total assets, end of year
- $1,206,496
- Total liabilities, end of year
- $73,609
- Net assets, end of year
- $1,132,887
- Land, buildings and equipment
- $481,299
- Net assets without donor restrictions
- $1,132,887
- Gross receipts
- $520,457
- Employees
- 3
- Year formed
- 1982
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK FERGUSON | PRES/CEO Trustee or director, Officer | – | $0 |
| SUSAN MUSICK | SEC/TREAS Trustee or director, Officer | – | $0 |
| ROSALEE EMERSON | DIRECTOR Trustee or director | – | $0 |
| LAURA FERGUSON | BOARD MEMBER Trustee or director | – | $0 |
| MARILYN MHOON | BOARD MEMBER Trustee or director | – | $0 |
| KATHY TUMLINSON | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK FERGUSON | PRES/CEO Trustee or director, Officer | – | $0 |
| SUSAN MUSICK | SEC/TREAS Trustee or director, Officer | – | $0 |
| ROSALEE EMERSON | DIRECTOR Trustee or director | – | $0 |
| LAURA FERGUSON | BOARD MEMBER Trustee or director | – | $0 |
| MARILYN MHOON | BOARD MEMBER Trustee or director | – | $0 |
| KATHY TUMLINSON | BOARD MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 570 WEST CONRAD, MONTICELLO, AR 71655-4660
- Principal officer (990 for 2024)
- FRANK FERGUSON, 324 W BOLLING, MONTICELLO, AR 71655
- Signed the 990
- FRANK FERGUSON, PRES/CEO
- Phone
- (870) 367-5967
- Return prepared by
- BFJW ACCOUNTANTS LLC
Mission
MONTICELLO ECUMENICAL RETIREMENT CENTER, INC. (THE "ORGANIZATION") WAS INCORPORATED JUNE 2, 1982 AS A NON-PROFIT ORGANIZATION. THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE HOUSING FOR THE ELDERLY OR THE HANDICAPPED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE ORGANIZATION OPERATES ANNSWOOD APARTMENTS (THE "PROJECT"), AN APARTMENT COMPLEX OF 62 RENTAL UNITS LOCATED IN MONTICELLO, ARKANSAS. THE PROJECT LEASES THE APARTMENTS UNDER OPERATING LEASES THAT ARE SUBSTANTIALLY ALL ON A MONTH-TO MONTH BASIS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 202 DIRECT LOAN. THE PROJECT IS REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS. AS A NON-PROFIT OWNER OF THE PROJECT, THE ORGANIZATION IS NOT ENTITLED TO DISTRIBUTIONS OF PROJECT FUNDS UNDER THE TERMS OF THE REGULATORY AGREEMENT WITH HUD.
Program accomplishments
- THE PROJECT IS REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS. AS A NON-PROFIT OWNER OF THE PROJECT, THE ORGANIZATION IS NOT ENTITLED TO DISTRIBUTIONS OF PROJECT FUNDS UNDER THE TERMS OF THE REGULATORY AGREEMENT WITH HUD.Expenses $376,333 · revenue $502,096
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
- 71-0563803
- 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
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,206,496
- Income (IRS master file)
- $520,457
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $520,457 | $383,558 | $1,206,496 | XML |
| 990 | December 2023 | $492,910 | $394,035 | $1,220,183 | XML |
| 990 | December 2022 | $483,384 | $332,208 | $1,257,528 | 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 71-0563803).
Questions about MONTICELLO ECUMENICAL RETIREMENT CENTER INC
- What is the EIN of MONTICELLO ECUMENICAL RETIREMENT CENTER INC?
- The employer identification number (EIN) of MONTICELLO ECUMENICAL RETIREMENT CENTER INC is 71-0563803.
- Is MONTICELLO ECUMENICAL RETIREMENT CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to MONTICELLO ECUMENICAL RETIREMENT CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTICELLO ECUMENICAL RETIREMENT CENTER 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 MONTICELLO ECUMENICAL RETIREMENT CENTER INC 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 MONTICELLO ECUMENICAL RETIREMENT CENTER INC 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 MONTICELLO ECUMENICAL RETIREMENT CENTER INC?
- The 990 for the year ended December 31, 2024 names FRANK FERGUSON.
- Who are the officers and directors of MONTICELLO ECUMENICAL RETIREMENT CENTER INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does MONTICELLO ECUMENICAL RETIREMENT CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $520,457, expenses of $383,558 and total assets of $1,206,496 at year end.
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