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Nonprofit · EIN 80-0418699

SARASOTA HOUSING FUNDING CORPORATION

Tax-exempt (reinstated) · SARASOTA, FL 34236

Financials

$1M$1.2M2022$1.1M$1M2023$1.2M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of SARASOTA HOUSING FUNDING CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$1,181,585$1,123,032$58,553$11,508,541$10,927,170$581,371
March 31, 2024990$1,118,303$1,034,239$84,064$11,568,046$11,045,228$522,818
March 31, 2023990$1,036,009$1,197,790-$161,781$11,752,834$11,136,154$616,680
Financial details: 990 for the year ended March 31, 2025

Revenue

Contributions, gifts and grants
$82,482
Program service revenue
$1,051,635
Investment income
$871
Other revenue
$46,597

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$193
Occupancy
$73,866
Travel
$185
Depreciation
$294,593
Program services (functional)
$982,922
Management and general (functional)
$140,110

Balance sheet and other

Total assets, start of year
$11,568,046
Total assets, end of year
$11,508,541
Total liabilities, end of year
$10,927,170
Net assets, end of year
$581,371
Land, buildings and equipment
$9,595,646
Net assets without donor restrictions
$36,324
Net assets with donor restrictions
$545,047
Gross receipts
$1,181,585
Employees
0
Volunteers
0
Year formed
2009
State of legal domicile
FL

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 March 31, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
WILLIAM RUSSELLEXECUTIVE DIRECTOR
Officer
1$0$200,571
JOHN COLONVICE CHAIR
Trustee or director
1$0$0
JACK MEREDITHDIRECTOR
Trustee or director
1$0$0
PHILIP DIMARIA JRDIRECTOR
Trustee or director
1$0$0
CAROLYN MASONDIRECTOR
Trustee or director
1$0$0
ERNESTINE TAYLORCHAIR
Trustee or director
1$0$0
DAVID MORGANDIRECTOR
Trustee or director
1$0$0
NICOLE ROMANDIRECTOR
Trustee or director
1$0$0
990 for the year ended March 31, 2024: 8 people
NameTitleHours / weekCompensationFrom related orgs
WILLIAM RUSSELLEXECUTIVE DIRECTOR
Officer
1$0$200,571
JOHN COLONDIRECTOR
Trustee or director
1$0$0
JACK MEREDITHCHAIRMAN
Trustee or director, Officer
1$0$0
G DUANE FINGERDIRECTOR
Trustee or director
1$0$0
DEBORAH SARGENTDIRECTOR
Trustee or director
1$0$0
CAROLYN MASONDIRECTOR
Trustee or director
1$0$0
ERNESTINE TAYLORVICE CHAIR
Trustee or director, Officer
1$0$0
MARK VENGROFFDIRECTOR
Trustee or director
1$0$0
990 for the year ended March 31, 2023: 8 people
NameTitleHours / weekCompensationFrom related orgs
WILLIAM RUSSELLEXECUTIVE DIRECTOR
Officer
1$0$193,809
JOHN COLONDIRECTOR
Trustee or director
1$0$0
JACK MEREDITHCHAIRMAN
Trustee or director, Officer
1$0$0
G DUANE FINGERDIRECTOR
Trustee or director
1$0$0
DEBORAH SARGENTDIRECTOR
Trustee or director
1$0$0
CAROLYN MASONDIRECTOR
Trustee or director
1$0$0
ERNESTINE TAYLORVICE CHAIR
Trustee or director, Officer
1$0$0
MARK VENGROFFDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
269 S OSPREY AVE STE 100, SARASOTA, FL 34236-6805
In care of
% WILLIAM RUSSELL
Principal officer (990 for 2024)
WILLIAM RUSSELL, 269 S OSPREY 100, SARASOTA, FL 34236
Signed the 990
WILLIAM RUSSELL, EXECUTIVE DIRECTOR
Phone
(941) 361-6210
Return prepared by
NOVOGRADAC & COMPANY LLP

Mission

TO PROVIDE SERVICES AND AFFORDABLE HOUSING TO FAMILIES IN THE COMMUNITY.

990 for the year ended March 31, 2025

Program accomplishments

  • THE ORGANIZATION PURCHASES BLIGHTED PROPERTIES, REHABILITATES THESE PROPERTIES, AND PROVIDES SERVICES AND AFFORDABLE HOUSING TO FAMILIES IN THE COMMUNITY.
    Expenses $982,922 · revenue $1,098,232

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

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
80-0418699
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2014
Accounting year ends
March
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,508,541
Income (IRS master file)
$1,181,585

Revocation and reinstatement

Exemption revoked
May 15, 2012
Posted by the IRS
March 11, 2013
Reinstated
Effective May 15, 2012

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
990March 2025$1,181,585$1,123,032$11,508,541XML
990March 2024$1,118,303$1,034,239$11,568,046XML
990March 2023$1,036,009$1,197,790$11,752,834XML
990March 2022–––IRS
990March 2021–––IRS
990March 2019–––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 80-0418699).

Questions about SARASOTA HOUSING FUNDING CORPORATION

What is the EIN of SARASOTA HOUSING FUNDING CORPORATION?
The employer identification number (EIN) of SARASOTA HOUSING FUNDING CORPORATION is 80-0418699.
Is SARASOTA HOUSING FUNDING CORPORATION tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2012 and reinstated it effective May 15, 2012.
Are donations to SARASOTA HOUSING FUNDING CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does SARASOTA HOUSING FUNDING 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 SARASOTA HOUSING FUNDING CORPORATION due?
The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SARASOTA HOUSING FUNDING CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2025.
Who is the principal officer of SARASOTA HOUSING FUNDING CORPORATION?
The 990 for the year ended March 31, 2025 names WILLIAM RUSSELL.
Who are the officers and directors of SARASOTA HOUSING FUNDING CORPORATION?
The 990 for the year ended March 31, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does SARASOTA HOUSING FUNDING CORPORATION have?
On its 990 for the year ended March 31, 2025 it reported revenue of $1,181,585, expenses of $1,123,032 and total assets of $11,508,541 at year end.

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