Nonprofit · EIN 85-0465107
R S & V P PROPERTY ONE INC
Also known as GENE GILBERT MANOR
Tax-exempt (reinstated) · ALBUQUERQUE, NM 87108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $181,095 | $219,211 | -$38,116 | $719,652 | $1,543,131 | -$823,479 |
| September 30, 2024 | 990 | $181,341 | $264,366 | -$83,025 | $750,349 | $1,541,412 | -$791,063 |
| September 30, 2023 | 990 | $181,270 | $227,416 | -$46,146 | $800,014 | $1,508,052 | -$708,038 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $180,731
- Investment income
- $64
- Other revenue
- $300
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $41,797
- Salaries, compensation and benefits (total)
- $59,760
- Professional fundraising fees
- $0
- Legal fees
- $727
- Accounting fees
- $19,799
- Depreciation
- $36,934
- Program services (functional)
- $219,211
Balance sheet and other
- Total assets, start of year
- $750,349
- Total assets, end of year
- $719,652
- Total liabilities, end of year
- $1,543,131
- Net assets, end of year
- -$823,479
- Land, buildings and equipment
- $697,483
- Net assets without donor restrictions
- -$823,479
- Gross receipts
- $181,095
- Employees
- 0
- Year formed
- 1998
- State of legal domicile
- NM
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARA SUMMERS | PRESIDENT Trustee or director, Officer | 0 | $0 |
| ALLEN DRUM | DIRECTOR Trustee or director, Officer | 0 | $0 |
| MICHELLE DRUM | DIRECTOR Trustee or director, Officer | 0 | $0 |
990 for the year ended September 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE DRUM | DIRECTOR Trustee or director, Officer | 0 | $0 |
| ALLEN DRUM | DIRECTOR Trustee or director, Officer | 0 | $0 |
| KARA SUMMERS | PRESIDENT Trustee or director, Officer | 0 | $0 |
990 for the year ended September 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE DRUM | DIRECTOR Trustee or director, Officer | 0 | $0 |
| ALLEN DRUM | DIRECTOR Trustee or director, Officer | 0 | $0 |
| KARA SUMMERS | PRESIDENT Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1001 VALENCIA DR SE, ALBUQUERQUE, NM 87108-5291
- In care of
- % KARA SUMMERS
- Signed the 990
- KARA SUMMERS, PRESIDENT
- Phone
- (505) 452-1553
- Return prepared by
- BLOOM & BLOOM LLP
Mission
TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME DISABLED PERSONS
Program accomplishments
- TO PROVIDE HOUSING TO LOW/MODERATE INCOME PERSONS WHO HAVE, AND CAN VERIFY, A MENTAL, PHYSICAL, OR DEVELOPMENT DISABILITY. THE HOUSING COMPLEX CONSISTS OF 18 UNITS.Expenses $219,211 · revenue $181,095
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 85-0465107
- 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
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $719,652
- Income (IRS master file)
- $181,095
Revocation and reinstatement
- Exemption revoked
- February 15, 2011
- Posted by the IRS
- October 7, 2011
- Reinstated
- Effective February 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $181,095 | $219,211 | $719,652 | IRS |
| 990 | September 2024 | $181,341 | $264,366 | $750,349 | XML |
| 990 | September 2023 | $181,270 | $227,416 | $800,014 | XML |
| 990 | September 2022 | $180,003 | $222,981 | $841,141 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 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 85-0465107).
Questions about R S & V P PROPERTY ONE INC
- What is the EIN of R S & V P PROPERTY ONE INC?
- The employer identification number (EIN) of R S & V P PROPERTY ONE INC is 85-0465107.
- Is R S & V P PROPERTY ONE INC tax-exempt?
- Yes. The IRS revoked its exemption on February 15, 2011 and reinstated it effective February 15, 2011.
- Are donations to R S & V P PROPERTY ONE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does R S & V P PROPERTY ONE 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 R S & V P PROPERTY ONE INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did R S & V P PROPERTY ONE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who are the officers and directors of R S & V P PROPERTY ONE INC?
- The 990 for the year ended September 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does R S & V P PROPERTY ONE INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $181,095, expenses of $219,211 and total assets of $719,652 at year end.
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