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Nonprofit · EIN 74-2835142

WILLOW TERRACE INC

Tax-exempt (reinstated) · ALBUQUERQUE, NM 87198

Financials

$135K$181K2022$145K$158K2023$166K$176K2024
Revenue Expenses · by fiscal year end
Financials of WILLOW TERRACE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$165,793$175,695-$9,902$360,749$989,778-$629,029
June 30, 2024990$145,051$158,320-$13,269$383,223$1,002,350-$619,127
June 30, 2023990$134,977$181,260-$46,283$390,365$996,222-$605,857
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$165,563
Investment income
$101
Other revenue
$129

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$25,270
Salaries, compensation and benefits (total)
$28,243
Professional fundraising fees
$0
Accounting fees
$17,703
Depreciation
$23,276
Program services (functional)
$175,695

Balance sheet and other

Total assets, start of year
$383,223
Total assets, end of year
$360,749
Total liabilities, end of year
$989,778
Net assets, end of year
-$629,029
Land, buildings and equipment
$333,744
Net assets without donor restrictions
-$629,029
Gross receipts
$165,793
Employees
0
Year formed
1997
State of legal domicile
NM

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
ALLEN DRUMTREASURER
Trustee or director, Officer
1$0
MICHELLE DRUMSECRETARY
Trustee or director, Officer
1$0
KARA SUMMERSPRESIDENT
Trustee or director, Officer
4$0
990 for the year ended June 30, 2024: 3 people
NameTitleHours / weekCompensation
KARA SUMMERSPRESIDENT
Trustee or director, Officer
4$0
MICHELLE DRUMSECRETARY
Trustee or director, Officer
1$0
ALLEN DRUMTREASURER
Trustee or director, Officer
1$0
990 for the year ended June 30, 2023: 3 people
NameTitleHours / weekCompensation
KARA SUMMERSPRESIDENT
Trustee or director, Officer
4$0
MICHELLE DRUMSECRETARY
Trustee or director, Officer
1$0
ALLEN DRUMTREASURER
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 80009, ALBUQUERQUE, NM 87198-0009
In care of
% KARA SUMMERS
Signed the 990
KARA SUMMERS, PRESIDENT
Phone
(505) 452-1553
Return prepared by
BLOOM & BLOOM LLP

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME DISABLED PERSON

990 for the year ended June 30, 2025

Program accomplishments

  • TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME DISABLED PERSONS
    Expenses $175,695 · revenue $165,793

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

File the 2025 990-EZ for WILLOW TERRACE INC

Due November 16, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
74-2835142
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
2019
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$360,749
Income (IRS master file)
$165,793

Revocation and reinstatement

Exemption revoked
November 15, 2010
Posted by the IRS
July 13, 2011
Reinstated
Effective November 15, 2010

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$165,793$175,695$360,749IRS
990June 2024$145,051$158,320$383,223XML
990June 2023$134,977$181,260$390,365XML
990June 2022–––IRS
990June 2021–––IRS
990June 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 74-2835142).

Questions about WILLOW TERRACE INC

What is the EIN of WILLOW TERRACE INC?
The employer identification number (EIN) of WILLOW TERRACE INC is 74-2835142.
Is WILLOW TERRACE INC tax-exempt?
Yes. The IRS revoked its exemption on November 15, 2010 and reinstated it effective November 15, 2010.
Are donations to WILLOW TERRACE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WILLOW TERRACE 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 WILLOW TERRACE INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WILLOW TERRACE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who are the officers and directors of WILLOW TERRACE INC?
The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does WILLOW TERRACE INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $165,793, expenses of $175,695 and total assets of $360,749 at year end.

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