Nonprofit · EIN 83-2200729
INNOVATIVE HOUSING SOLUTIONS FOUNDATION
Tax-exempt · CHARLOTTE, NC 28208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $0 | $1,699 | -$1,699 | $137,959 | $189 | $137,770 |
| December 31, 2023 | 990-EZ | $0 | $550 | -$550 | $139,658 | $189 | $139,469 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $1,699
Balance sheet and other
- Total assets, start of year
- $139,658
- Total assets, end of year
- $137,959
- Total liabilities, end of year
- $189
- Net assets, end of year
- $137,770
- Cash, savings and investments
- $7,919
- Land and buildings
- $130,000
- Gross receipts
- $0
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK ETHRIDGE | BOARD MEMBER | 1 | $0 |
| KEMENA BROOKS | PRESIDENT | 1 | $0 |
| LEE COCHRAN | SECRETARY | 1 | $0 |
| DARRYL HEMMINGER | TREASURER | 1 | $0 |
| COLLEEN FORNESS | BOARD MEMBER | 1 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK ETHERIDGE | BOARD MEMBER | 1 | $0 |
| KEMENA BROOKS | PRESIDENT | 1 | $0 |
| LEE COCHRAN | SECRETARY | 1 | $0 |
| DARRYL HEMMINGER | TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2132 THRIFT RD STE A, CHARLOTTE, NC 28208-4604
- In care of
- % LEE COCHRAN
- Mailing address (990-N for 2019)
- 2459 Wilkinson Blvd Suite 310, Charlotte NC 28208
- Principal officer (990-N for 2019)
- Lee Cochran, 2601 Lawton Bluff Rd, Charlotte NC 28226
- Signed the 990-EZ
- AUTHORIZED SIGNOR, SECRETARY
- Phone
- (704) 561-5225
- Return prepared by
- EAG AFFORDABLE HOUSING LLC
Mission
TO SUPPORT THE PRODUCTION AND SUCCESSFUL OPERATION OF AFFORDABLE AND WORKFORCE HOUSING BY OWNING AND FINANCING LAND AND PROPERTIES THROUGHOUT THE UNITED STATES THAT WILL BE USED TO DEVELOP OR PROVIDE AFFORDABLE AND WORKFORCE HOUSING THAT INCLUDES UNITS DEED RESTRICTED TO HOUSEHOLDS AT 80% AREA MEDIAN INCOME ("AMI") OR BELOW AND BY FACILITATING ACCESS TO SERVICES FOR RESIDENTS OF THOSE UNITS.
Program accomplishments
- INNOVATIVE HOUSING SOLUTIONS FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL, LITERARY, CHARITABLE, OR SCIENTIFIC PURPOSE.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 83-2200729
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $137,959
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $0 | $1,699 | $137,959 | XML |
| 990-EZ | December 2023 | $0 | $550 | $139,658 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Lee Cochran | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 83-2200729).
Questions about INNOVATIVE HOUSING SOLUTIONS FOUNDATION
- What is the EIN of INNOVATIVE HOUSING SOLUTIONS FOUNDATION?
- The employer identification number (EIN) of INNOVATIVE HOUSING SOLUTIONS FOUNDATION is 83-2200729.
- Is INNOVATIVE HOUSING SOLUTIONS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to INNOVATIVE HOUSING SOLUTIONS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATIVE HOUSING SOLUTIONS FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of INNOVATIVE HOUSING SOLUTIONS FOUNDATION 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 INNOVATIVE HOUSING SOLUTIONS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of INNOVATIVE HOUSING SOLUTIONS FOUNDATION?
- The 990-N for 2019 names Lee Cochran.
- Who are the officers and directors of INNOVATIVE HOUSING SOLUTIONS FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does INNOVATIVE HOUSING SOLUTIONS FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $0, expenses of $1,699 and total assets of $137,959 at year end.
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