Nonprofit · EIN 83-2581465
ACADEMY PLACE APARTMENTS INC
Tax-exempt · KNIGHTSTOWN, IN 46148
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $296,020 | $282,425 | $13,595 | $907,023 | $672,910 | $234,113 |
| December 31, 2023 | 990 | $273,877 | $259,455 | $14,422 | $656,217 | $435,699 | $220,518 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $38,951
- Program service revenue
- $214,417
- Investment income
- $1
- Net income from fundraising events
- $42,626
- Other revenue
- $42,651
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $24,790
- Salaries, compensation and benefits (total)
- $33,718
- Professional fundraising fees
- $0
- Legal fees
- $119
- Occupancy
- $56,076
- Depreciation
- $36,772
- Program services (functional)
- $237,503
- Management and general (functional)
- $17,629
- Fundraising (functional)
- $27,293
Balance sheet and other
- Total assets, start of year
- $656,217
- Total assets, end of year
- $907,023
- Total liabilities, end of year
- $672,910
- Net assets, end of year
- $234,113
- Land, buildings and equipment
- $628,382
- Net assets without donor restrictions
- $234,113
- Gross receipts
- $296,020
- Employees
- 3
- Volunteers
- 25
- Year formed
- 2018
- State of legal domicile
- IN
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 |
|---|---|---|---|
| SARAH WARD | PRESIDENT Trustee or director, Officer | 2 | $0 |
| HELEN GORMAN | SECRETARY Trustee or director, Officer | 2 | $0 |
| LINDA LASHBROOK | TREASURER Trustee or director, Officer | 2 | $0 |
| BARBARA CARTER | BOARD MEMBER Trustee or director | 1 | $0 |
| SUSIE DOWNEY | BOARD MEMBER Trustee or director | 1 | $0 |
| JON MADISON | BOARD MEMBER Trustee or director | 1 | $0 |
| JOE PEACOCK | BOARD MEMBER Trustee or director | 1 | $0 |
| DENISE PEACOCK | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICK BURKEY | BOARD MEMBER Trustee or director | 1 | $0 |
| TONY DARLING | BOARD MEMBER Trustee or director | 1 | $0 |
| JESSICA LYKENS | BOARD MEMBER Trustee or director | 1 | $0 |
| CORY ELLIS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSIE DOWNEY | PRESIDENT Trustee or director, Officer | 2 | $0 |
| TONY DARLING | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| DANIELLE CARMICHAEL | SECRETARY Trustee or director, Officer | 2 | $0 |
| DENISE PEACOCK | TREASURER Trustee or director, Officer | 2 | $0 |
| BARBARA CARTER | BOARD MEMBER Trustee or director | 1 | $0 |
| HELEN GORMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICK BURKEY | BOARD MEMBER Trustee or director | 1 | $0 |
| JOE PEACOCK | BOARD MEMBER Trustee or director | 1 | $0 |
| JON MADISON | BOARD MEMBER Trustee or director | 1 | $0 |
| SARAH WARD | BOARD MEMBER Trustee or director | 1 | $0 |
| LINDA LASHBROOK | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 236 W WARRICK ST, KNIGHTSTOWN, IN 46148-1150
- In care of
- % ACADEMY PLACE APARTMENTS INC
- Principal officer (990 for 2024)
- SARAH WARD, 340 N ADAMS ST, KNIGHTSTOWN, IN 46148
- Signed the 990
- LINDA LASHBROOK, TREASURER
- Phone
- (765) 345-7789
- Return prepared by
- ESTEP BURKEY SIMMONS LLC
Mission
TO PROVIDE AFFORDABLE HOUSING TO INDIVIDUALS IN THE KNIGHTSTOWN AND SURROUNDING COMMUNITY.
Program accomplishments
- CREATE AND MAINTAIN AFFORDABLE HOUSING AND PROGRAMS FOR THE RESIDENTS IN A HISTORIC SETTING.Expenses $237,503 · revenue $214,417
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
- 83-2581465
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $907,023
- Income (IRS master file)
- $296,020
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $296,020 | $282,425 | $907,023 | IRS |
| 990 | December 2023 | $273,877 | $259,455 | $656,217 | XML |
| 990 | December 2022 | $249,287 | $260,358 | $659,051 | 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 83-2581465).
Questions about ACADEMY PLACE APARTMENTS INC
- What is the EIN of ACADEMY PLACE APARTMENTS INC?
- The employer identification number (EIN) of ACADEMY PLACE APARTMENTS INC is 83-2581465.
- Is ACADEMY PLACE APARTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to ACADEMY PLACE APARTMENTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACADEMY PLACE APARTMENTS 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 ACADEMY PLACE APARTMENTS INC 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 ACADEMY PLACE APARTMENTS INC 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 ACADEMY PLACE APARTMENTS INC?
- The 990 for the year ended December 31, 2024 names SARAH WARD.
- Who are the officers and directors of ACADEMY PLACE APARTMENTS INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does ACADEMY PLACE APARTMENTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $296,020, expenses of $282,425 and total assets of $907,023 at year end.
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All nonprofits in KNIGHTSTOWN · Indiana · Housing and shelter