Nonprofit · EIN 75-2252981
DENISON COMMUNITY INVESTMENT CORP
Tax-exempt · DENISON, TX 75021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $63,978 | $15,395 | $48,583 | $1,800,803 | $3,740 | $1,797,063 |
| December 31, 2023 | 990 | $54,149 | $15,100 | $39,049 | $1,764,630 | $16,150 | $1,748,480 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $37,677
- Investment income
- $26,301
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $235
- Accounting fees
- $15,160
- Program services (functional)
- $10,245
- Management and general (functional)
- $5,150
Balance sheet and other
- Total assets, start of year
- $1,764,630
- Total assets, end of year
- $1,800,803
- Total liabilities, end of year
- $3,740
- Net assets, end of year
- $1,797,063
- Net assets without donor restrictions
- $1,797,063
- Gross receipts
- $63,978
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1988
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VERONICA DAVIS | SECRETARY/ TREASURER Officer | 2 | $10,210 |
| APRIL HARMON | TRUSTEE Trustee or director | 0.2 | $0 |
| RONNIE COLE | TRUSTEE Trustee or director | 0.2 | $0 |
| MARK KUNNEMAN II | TRUSTEE Trustee or director | 0.2 | $0 |
| AARON QUARLES | CHAIRMAN Officer | 0.2 | $0 |
| JOHN MABARY | VICE-CHAIRMAN Officer | 0.2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VERONICA DAVIS | SECRETARY/TREASURER Officer | 2 | $0 | $10,050 |
| APRIL HARMON | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| RONNIE COLE | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| MARK KUNEMAN II | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| AARON QUARLES | CHAIRMAN Officer | 0.2 | $0 | $0 |
| JOHN MABARY | VICE-CHAIRMAN Officer | 0.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1218, DENISON, TX 75021-1218
- In care of
- % VERONICA DAVIS CPA
- Principal officer (990 for 2024)
- VERONICA DAVIS, P O BOX 1218, DENISON, TX 75021
- Signed the 990
- VERONICA DAVIS, SECRETARY/ TREASURER
- Phone
- (903) 463-3765
- Return prepared by
- PATTILLO BROWN & HILL LLP
Mission
TO ADMINISTER ECONOMIC DEVELOPMENT FUNDS RECEIVED FROM THE UNION PACIFIC RAILROAD BY PROVIDING A LOW-INTEREST RATE LOAN PROGRAM FOR DENISON BUSINESSES TO ENBALE THEM TO ACQUIRE PROPERTY OR EQUIPMENT.
Program accomplishments
- SERVICES PROVIDED WERE LOW-INTEREST LONG-TERM LOANS TO PROVIDE ECONOMIC DEVELOPMENT IN THE CITY OF DENISON TEXAS. LOANS IN THE AMOUNT OF 758,769 WERE OUTSTANDING AS OF 12/31/2024Expenses $10,245 · revenue $37,677
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
- 75-2252981
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80Z)
- Assets (IRS master file)
- $1,800,803
- Income (IRS master file)
- $63,978
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $63,978 | $15,395 | $1,800,803 | IRS |
| 990 | December 2023 | $54,149 | $15,100 | $1,764,630 | XML |
| 990 | December 2022 | $44,287 | $14,784 | $1,727,962 | 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 75-2252981).
Questions about DENISON COMMUNITY INVESTMENT CORP
- What is the EIN of DENISON COMMUNITY INVESTMENT CORP?
- The employer identification number (EIN) of DENISON COMMUNITY INVESTMENT CORP is 75-2252981.
- Is DENISON COMMUNITY INVESTMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to DENISON COMMUNITY INVESTMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does DENISON COMMUNITY INVESTMENT CORP 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 DENISON COMMUNITY INVESTMENT CORP 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 DENISON COMMUNITY INVESTMENT CORP 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 DENISON COMMUNITY INVESTMENT CORP?
- The 990 for the year ended December 31, 2024 names VERONICA DAVIS.
- Who are the officers and directors of DENISON COMMUNITY INVESTMENT CORP?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $10,210 (VERONICA DAVIS, SECRETARY/ TREASURER).
- How much revenue does DENISON COMMUNITY INVESTMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $63,978, expenses of $15,395 and total assets of $1,800,803 at year end.
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- DENISON INDUSTRIAL DEVELOPMENT COMPANY EIN 75-1186381 · last filed 990 for 2025