Nonprofit · EIN 85-0951319
ADVANTAGE VALLEY COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · CHARLESTON, WV 25314
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $186,731 | $56,731 | $130,000 | $345,959 | $215,959 | $130,000 |
| December 31, 2023 | 990-EZ | $137,304 | $137,304 | $0 | $247,690 | $247,690 | $0 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $186,731
Expenses
- Grants and similar amounts paid
- $56,500
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $231
- Program services (functional)
- $56,731
Balance sheet and other
- Total assets, start of year
- $247,690
- Total assets, end of year
- $345,959
- Total liabilities, end of year
- $215,959
- Net assets, end of year
- $130,000
- Cash, savings and investments
- $326,388
- Gross receipts
- $186,731
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 |
|---|---|---|---|
| Robert Burton | President | 1 | $0 |
| David Lieving | Vice President | 1 | $0 |
| Wayne Morgan | Treasurer | 1 | $0 |
| John Stump | Secretary | 1 | $0 |
| Kelley Goes | Director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert Burton | President | 1 | $0 |
| David Lieving | Vice President | 1 | $0 |
| Wayne Morgan | Treasurer | 1 | $0 |
| John Stump | Secretary | 1 | $0 |
| Kelley Goes | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1045 BRIDGE RD, CHARLESTON, WV 25314-1330
- In care of
- % TERRELL ELLIS
- Mailing address (990-N for 2022)
- 1045 Bridge Road, Charleston WV 25314
- Signed the 990-EZ
- TERRELL ELLIS, CEO
- Website
- www.advantagevalley.com
- Return prepared by
- Susan Graves CPA Tax & Accounting
Mission
See Schedule O
Program accomplishments
- Promote investment in distressed areas that will result in the creation of affordable housing, commercial enterprises, and industrial development.
- Promote entrepreneurial development in order to support the creation of new and expansion of existing small businesses.Expenses $56,731
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-0951319
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $345,959
- Income (IRS master file)
- $186,731
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $186,731 | $56,731 | $345,959 | IRS |
| 990-EZ | December 2023 | $137,304 | $137,304 | $247,690 | XML |
| 990-N for 2022 | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Terrell Ellis | December 31, 2020 | ≤ $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 85-0951319).
Questions about ADVANTAGE VALLEY COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of ADVANTAGE VALLEY COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of ADVANTAGE VALLEY COMMUNITY DEVELOPMENT CORPORATION is 85-0951319.
- Is ADVANTAGE VALLEY COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to ADVANTAGE VALLEY COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ADVANTAGE VALLEY 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 ADVANTAGE VALLEY 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 ADVANTAGE VALLEY COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of ADVANTAGE VALLEY COMMUNITY DEVELOPMENT CORPORATION?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does ADVANTAGE VALLEY COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $186,731, expenses of $56,731 and total assets of $345,959 at year end.
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