Nonprofit · EIN 84-2668950
1159 SOUTH COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · SPRINGFIELD, OH 45502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $200,722 | $260,447 | -$59,725 | $37,395 | $269 | $37,126 |
| December 31, 2023 | 990 | $196,360 | $165,639 | $30,721 | $98,731 | $1,880 | $96,851 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $20,717
- of which government grants
- $16,511
- Program service revenue
- $180,000
- Investment income
- $5
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,500
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,430
- Occupancy
- $6,276
- Program services (functional)
- $259,867
- Management and general (functional)
- $580
Balance sheet and other
- Total assets, start of year
- $98,731
- Total assets, end of year
- $37,395
- Total liabilities, end of year
- $269
- Net assets, end of year
- $37,126
- Land, buildings and equipment
- $1,059
- Net assets without donor restrictions
- $37,126
- Gross receipts
- $200,722
- Employees
- 1
- Volunteers
- 8
- Year formed
- 2019
- State of legal domicile
- OH
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 |
|---|---|---|---|
| Lori Searcy | President Trustee or director, Officer | 2 | $0 |
| Neal Browning | Vice President Trustee or director, Officer | 1 | $0 |
| Kevena Williams | Board Member Trustee or director | 1 | $0 |
| Bobby Mims | Board Member Trustee or director | 0 | $0 |
| Nicole Scott | Board Member Trustee or director | 1 | $0 |
| Lawrence Beavers | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lawrence Beavers | Housing Director Community Navigator Highest-paid employee | 40 | $42,009 |
| Lori Searcy | President Trustee or director, Officer | 30 | $0 |
| Neal Browning | Vice President Trustee or director, Officer | 1 | $0 |
| Kevena Williams | Board Member Trustee or director | 1 | $0 |
| Bobby Mims | Board Member Trustee or director | 0 | $0 |
| Conley Smoot | Board Member Trustee or director | 0 | $0 |
| Nicole Scott | Board Member Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 S LIMESTONE STREET SUITE 424, SPRINGFIELD, OH 45502-1224
- In care of
- % LORI SEARCY
- Mailing address (990-N for 2020)
- 562 E Main Street, Springfield OH 45503
- Principal officer (990 for 2024)
- Lori Searcy, 100 S LIMESTONE ST, SUITE 424, SPRINGFIELD, OH 45502
- Principal officer (990-N for 2020)
- Lori Searcy, 1355 Via Verdi Drive, Palm Harbor FL 34683
- Signed the 990
- Lori Searcy, President
- Phone
- (937) 504-1259
- Website
- https://www.1159south.org
Mission
1159 Souths mission is to significantly improve the economic conditions of low-income people housing appearance of distressed places and sense of community in the historically African American community of southwest Springfield OH through targeted investments in people and places.
Program accomplishments
- Affordable Housing Program: The organization constructed and sold an affordable housing in our targeted distressed community.Expenses $254,632 · revenue $180,000
- Community Engagement & Placemaking: 1159 South maintained two exterior spaces transformed from formerly distressed vacant lots into vibrant community spaces and provided Thanksgiving Day meals to 20 low-income households. Grants include reimbursement of prior year community navigator small business development program expenses.Expenses $5,235 · grants $18,011
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
- 84-2668950
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $37,395
- Income (IRS master file)
- $200,722
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $200,722 | $260,447 | $37,395 | XML |
| 990 | December 2023 | $196,360 | $165,639 | $98,731 | XML |
| 990 | December 2022 | $336,048 | $325,901 | $84,089 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Lori Searcy | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Lori Searcy | 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 84-2668950).
Questions about 1159 SOUTH COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of 1159 SOUTH COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of 1159 SOUTH COMMUNITY DEVELOPMENT CORPORATION is 84-2668950.
- Is 1159 SOUTH COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to 1159 SOUTH COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 1159 SOUTH COMMUNITY 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 1159 SOUTH COMMUNITY 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 1159 SOUTH COMMUNITY 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 1159 SOUTH COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names Lori Searcy.
- Who are the officers and directors of 1159 SOUTH COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does 1159 SOUTH COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $200,722, expenses of $260,447 and total assets of $37,395 at year end.
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- ROTARY CLUB OF SPRINGFIELD OHIO FOUNDATION EIN 31-0871453 · last filed 990 for 2025
- ASSOCIATION OF MAIL & BUSINESS CENTERS INC EIN 46-4336992 · last filed 990 for 2025
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All nonprofits in SPRINGFIELD · Ohio · Community improvement and capacity building