Nonprofit · EIN 81-2525475
TRANSFORMATIVE DEVELOPMENT CORPORATION
Tax-exempt · HOLLY SPRINGS, MS 38635
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $327,741 | $300,304 | $27,437 | $331,180 | $1,530 | $329,650 |
| December 31, 2023 | 990 | $274,508 | $339,626 | -$65,118 | $301,253 | $2,290 | $298,963 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $102,071
- of which government grants
- $25,462
- Program service revenue
- $223,520
- Investment income
- $0
- Other revenue
- $2,150
Expenses
- Grants and similar amounts paid
- $21,919
- Other salaries and wages
- $137,337
- Salaries, compensation and benefits (total)
- $148,165
- Professional fundraising fees
- $0
- Accounting fees
- $9,700
- Occupancy
- $52,186
- Depreciation
- $12,275
- Program services (functional)
- $273,071
- Management and general (functional)
- $27,233
Balance sheet and other
- Total assets, start of year
- $301,253
- Total assets, end of year
- $331,180
- Total liabilities, end of year
- $1,530
- Net assets, end of year
- $329,650
- Land, buildings and equipment
- $261,404
- Net assets without donor restrictions
- $329,650
- Gross receipts
- $327,741
- Employees
- 10
- Year formed
- 2016
- State of legal domicile
- TN
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 |
|---|---|---|---|
| WALTER RAYFORD | CHIEF EXECUTIVE OFFICER Officer | 0.5 | $0 |
| CLAUDETTE MARION | EXECUTIVE DIRECTOR Officer | 20 | $0 |
| KIMETRIA PARKS | FINANCE DIRECTOR Key employee | 20 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLAUDETTE MARION | EXECUTIVE DIRECTOR Officer | 20 | $34,952 |
| KIMETRIA PARKS | FINANCE DIRECTOR Officer | 20 | $26,000 |
| DR WALTER RAYFORD | CHIEF EXECUTIVE OFFICER Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 198 N MEMPHIS ST, HOLLY SPRINGS, MS 38635-2258
- In care of
- % WALTER RAYFORD
- Principal officer (990 for 2024)
- WALTER RAYFORD, 8070 SANDERS HILL COVE, GERMANTOWN, TN 38138
- Signed the 990
- WALTER RAYFORD, CHAIRMAN
- Phone
- (901) 569-7165
- Return prepared by
- DIMETA SMITH CPA LLC
Mission
OFFER A ADULT DAY CARE FACILITY THAT PROVIDES MEALS AND QUALITY FOCUSED, COST EFFECTIVE, AND COMPREHENSIVE HEALTH CARE SERVICES FOR PARTICIPANTS RECOVERING FROM ACUTE ILLNESS, INJURY, OR CHRONIC ILLNESS.
Program accomplishments
- PROVIDED ASSESSMENT, SUPERVISION AND ADMINSTRATION OF MEDICATIONS, TREATMENTS, HEALTH EDUCATION AND TRAINING IN SELF CARE AND DAILY LIVING TO 50 ADULTS WHO REQUIRE SERVICES OF AN APPROPRIATELY LICENSED NURSE OR OTHER HEALTH CARE PROFESSIONAL.Expenses $273,071 · revenue $223,520
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
- 81-2525475
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P70)
- Assets (IRS master file)
- $331,180
- Income (IRS master file)
- $327,741
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $327,741 | $300,304 | $331,180 | IRS |
| 990 | December 2023 | $274,508 | $339,626 | $301,253 | XML |
| 990 | December 2022 | $369,113 | $312,877 | $357,945 | 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 81-2525475).
Questions about TRANSFORMATIVE DEVELOPMENT CORPORATION
- What is the EIN of TRANSFORMATIVE DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of TRANSFORMATIVE DEVELOPMENT CORPORATION is 81-2525475.
- Is TRANSFORMATIVE DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to TRANSFORMATIVE DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRANSFORMATIVE 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 TRANSFORMATIVE DEVELOPMENT CORPORATION 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 TRANSFORMATIVE DEVELOPMENT CORPORATION 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 TRANSFORMATIVE DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names WALTER RAYFORD.
- Who are the officers and directors of TRANSFORMATIVE DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does TRANSFORMATIVE DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $327,741, expenses of $300,304 and total assets of $331,180 at year end.
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