Nonprofit · EIN 74-2281135
BLACKSHEAR NEIGHBORHOOD DEVELOPMENT CORPORATION
Tax-exempt · AUSTIN, TX 78760
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $244,607 | $356,008 | -$111,401 | $1,955,101 | $1,544,172 | $410,929 |
| September 30, 2024 | 990 | $239,265 | $304,154 | -$64,889 | $2,082,573 | $1,560,243 | $522,330 |
| September 30, 2023 | 990 | $316,050 | $335,630 | -$19,580 | $2,164,230 | $684,275 | $1,479,955 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $244,336
- Investment income
- $0
- Other revenue
- $271
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $72,921
- Salaries, compensation and benefits (total)
- $78,624
- Professional fundraising fees
- $0
- Accounting fees
- $46,987
- Occupancy
- $58,203
- Depreciation
- $84,291
- Program services (functional)
- $284,353
- Management and general (functional)
- $71,655
Balance sheet and other
- Total assets, start of year
- $2,082,573
- Total assets, end of year
- $1,955,101
- Total liabilities, end of year
- $1,544,172
- Net assets, end of year
- $410,929
- Land, buildings and equipment
- $1,607,127
- Gross receipts
- $244,607
- Employees
- 1
- Volunteers
- 3
- Year formed
- 1983
- State of legal domicile
- TX
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cynthia Mathis-Gaines | Executive Director Trustee or director, Officer | 40 | $72,921 |
| Thomas Scales | President Trustee or director, Officer | 1 | $0 |
| Mary Wooley | Vice President Trustee or director, Officer | 1 | $0 |
| Rosa Mary Jones | Secretary Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cynthia Mathis-Gaines | Executive Director Officer | 40 | $61,949 |
| Thomas Scales | President Trustee or director, Officer | 1 | $0 |
| Mary Wooley | Vice President Trustee or director, Officer | 1 | $0 |
| Rosa Mary Jones | Secretary Trustee or director, Officer | 1 | $0 |
| Brenda Bullard | Board Member Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Thomas C Scales | President Trustee or director | 1 | $0 |
| Mary Wooley | Vice President Trustee or director | 1 | $0 |
| Rosa Mary Jones | Secretary Trustee or director | 1 | $0 |
| Marie Owens | Treasurer Trustee or director | 1 | $0 |
| Cynthia Mathis-Gaines | Executive Dir. Trustee or director | 40 | $0 |
| Brenda Bullard-Wooley | Director Trustee or director | 1 | $0 |
| Barbara Alexander | Director Trustee or director | 1 | $0 |
| Olymbia Edwards | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 19536, AUSTIN, TX 78760-9536
- Principal officer (990 for 2024)
- Cynthia Mathis-Gaines, 1121-A Lawson Lane, Austin, TX 78702
- Signed the 990
- Cynthia Mathis-Gaines, Executive Director
- Phone
- (512) 944-2123
- Return prepared by
- MONTEMAYOR BRITTON BENDER CAREY PC
Mission
The organization was formed to provide housing to low-income individuals and families.
Program accomplishments
- Provided rental housing to qualified low-income individuals and families. Provided financing for qualified low-income individuals and families to purchase housing.Expenses $284,353 · revenue $256,052
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 74-2281135
- 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
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,955,101
- Income (IRS master file)
- $244,607
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $244,607 | $356,008 | $1,955,101 | XML |
| 990 | September 2024 | $239,265 | $304,154 | $2,082,573 | XML |
| 990 | September 2023 | $316,050 | $335,630 | $2,164,230 | XML |
| 990-EZ | September 2022 | – | – | – | IRS |
| 990 | September 2021 | $929,572 | $296,290 | $2,262,508 | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 74-2281135).
Questions about BLACKSHEAR NEIGHBORHOOD DEVELOPMENT CORPORATION
- What is the EIN of BLACKSHEAR NEIGHBORHOOD DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BLACKSHEAR NEIGHBORHOOD DEVELOPMENT CORPORATION is 74-2281135.
- Is BLACKSHEAR NEIGHBORHOOD DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to BLACKSHEAR NEIGHBORHOOD DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLACKSHEAR NEIGHBORHOOD DEVELOPMENT 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 BLACKSHEAR NEIGHBORHOOD DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BLACKSHEAR NEIGHBORHOOD DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of BLACKSHEAR NEIGHBORHOOD DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names Cynthia Mathis-Gaines.
- Who are the officers and directors of BLACKSHEAR NEIGHBORHOOD DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 4 people; 1 received compensation from the organization, the highest $72,921 (Cynthia Mathis-Gaines, Executive Director).
- How much revenue does BLACKSHEAR NEIGHBORHOOD DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $244,607, expenses of $356,008 and total assets of $1,955,101 at year end.
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