Nonprofit · EIN 87-0746410
FOLSOM OAKS APARTMENTS INC
Tax-exempt · SACRAMENTO, CA 95825
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $253,615 | $574,638 | -$321,023 | $3,002,081 | $5,544,275 | -$2,542,194 |
| June 30, 2024 | 990 | $229,992 | $601,621 | -$371,629 | $3,234,853 | $5,456,024 | -$2,221,171 |
| June 30, 2023 | 990 | $232,289 | $559,797 | -$327,508 | $3,483,839 | $5,333,381 | -$1,849,542 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $162,084
- of which government grants
- $162,084
- Program service revenue
- $85,568
- Investment income
- $5,963
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $12,021
- Salaries, compensation and benefits (total)
- $28,650
- Professional fundraising fees
- $0
- Accounting fees
- $14,409
- Occupancy
- $259,823
- Travel
- $876
- Depreciation
- $209,754
- Program services (functional)
- $526,795
- Management and general (functional)
- $47,843
Balance sheet and other
- Total assets, start of year
- $3,234,853
- Total assets, end of year
- $3,002,081
- Total liabilities, end of year
- $5,544,275
- Net assets, end of year
- -$2,542,194
- Land, buildings and equipment
- $2,627,416
- Net assets without donor restrictions
- -$4,355,301
- Net assets with donor restrictions
- $1,813,107
- Gross receipts
- $253,615
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2005
- State of legal domicile
- CA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| APRIL LUDWIG | CEO Officer | 4 | $0 | $212,298 | $11,848 |
| CHRISTINA BILYEU | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VIRGIL PACHECO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FELICIA HAECKER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MATTHEW DECKER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SARA COLLETTE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ERIN JOHANSEN | CEO Officer | 4 | $0 | $207,223 | $6,235 |
| LIZBETH WEST | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL KORPIEL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FELICIA HAECKER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BOBBIE HALES | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VIRGIL PACHECO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ERIN JOHANSEN | CEO Officer | 4 | $0 | $207,223 | $6,235 |
| LIZBETH WEST | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL KORPIEL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TIM PARKER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BOBBIE HALES | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VIRGIL PACHECO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 650 HOWE AVENUE BLDG 400A, SACRAMENTO, CA 95825-4731
- Mailing address (990-N for 2008)
- 1507 21st Street No 205, Sacramento CA 95811
- Principal officer (990 for 2024)
- APRIL LUDWIG, 650 HOWE AVENUE BLDG 400A, SACRAMENTO, CA 95825
- Principal officer (990-N for 2008)
- Michael Lazar, 1507 21st st ste 205, sacramento CA 95811
- Signed the 990
- APRIL LUDWIG, CEO
- Phone
- (916) 441-0123
- Return prepared by
- RICHARDSON & COMPANY LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 87-0746410 or by the name FOLSOM OAKS APARTMENTS INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO PROVIDE AFFORDABLE HOUSING IN FOLSOM FOR PEOPLE WITH SPECIAL NEEDS.
Program accomplishments
- THE FOLSOM OAKS APARTMENTS PROVIDE AFFORDABLE HOUSING WITH SUPPORTS FOR LOW-INCOME HOUSEHOLDS IN WHICH AT LEAST ONE ADULT HOUSEHOLD MEMBER HAS A QUALIFYING DISABILITY. THE COMPLEX INCLUDES EIGHTEEN (18) ONE, TWO, AND THREE BEDROOM RENTAL UNITS, AN ADDITIONAL MANAGER'S UNIT, A TOT LOT, PICNIC AREA, AND A COMMUNITY ROOM WITH OFFICES FOR ASSIGNED STAFF.Expenses $526,795 · revenue $85,568
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 87-0746410
- 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
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $3,002,081
- Income (IRS master file)
- $253,615
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $253,615 | $574,638 | $3,002,081 | XML |
| 990 | June 2024 | $229,992 | $601,621 | $3,234,853 | XML |
| 990 | June 2023 | $232,289 | $559,797 | $3,483,839 | XML |
| 990 | June 2022 | $212,735 | $572,305 | $3,736,803 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2008 Officer: Michael Lazar | June 30, 2009 | ≤ $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 87-0746410).
Questions about FOLSOM OAKS APARTMENTS INC
- What is the EIN of FOLSOM OAKS APARTMENTS INC?
- The employer identification number (EIN) of FOLSOM OAKS APARTMENTS INC is 87-0746410.
- Is FOLSOM OAKS APARTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to FOLSOM OAKS APARTMENTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOLSOM OAKS 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 FOLSOM OAKS APARTMENTS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOLSOM OAKS APARTMENTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FOLSOM OAKS APARTMENTS INC?
- The 990 for the year ended June 30, 2025 names APRIL LUDWIG.
- Who are the officers and directors of FOLSOM OAKS APARTMENTS INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does FOLSOM OAKS APARTMENTS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $253,615, expenses of $574,638 and total assets of $3,002,081 at year end.
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