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Nonprofit · EIN 87-3015084

AFRICATOWN REDEVELOPMENT CORPORATION

Tax-exempt · MOBILE, AL 36601

Financials

$577K$178K2023$953K$702K2024$2.3M$347K2025
Revenue Expenses · by fiscal year end
Financials of AFRICATOWN REDEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$2,335,587$347,223$1,988,364$2,899,312$6,024$2,893,288
December 31, 2024990$952,845$702,010$250,835$908,206$3,282$904,924
December 31, 2023990$576,947$178,348$398,599$656,758$2,669$654,089
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$2,335,587
of which government grants
$2,169,914
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$95,000
Other salaries and wages
$61,999
Salaries, compensation and benefits (total)
$179,041
Professional fundraising fees
$0
Legal fees
$38,032
Accounting fees
$10,323
Occupancy
$1,540
Program services (functional)
$292,900
Management and general (functional)
$54,323

Balance sheet and other

Total assets, start of year
$908,206
Total assets, end of year
$2,899,312
Total liabilities, end of year
$6,024
Net assets, end of year
$2,893,288
Net assets without donor restrictions
$2,893,288
Gross receipts
$2,335,587
Employees
3
Volunteers
10
Year formed
2021
State of legal domicile
AL

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
KARLOS FINLEYEXECUTIVE DIRECTOR
Officer
40$95,000
TERESA FOX BETTISPRESIDENT
Trustee or director, Officer
1$0
MARC JACKSONVICE-PRESIDENT
Trustee or director, Officer
1$0
IRA BATES JRTREASURER
Trustee or director, Officer
1$0
ANN Y BROWN ESQUIRESECRETARY
Trustee or director, Officer
1$0
ANGELA DAVIS LITTLESDIRECTOR
Trustee or director
1$0
JACK BOATMANDIRECTOR
Trustee or director
1$0
JARROD WHITE ESQUIREDIRECTOR
Trustee or director
1$0
RUTH TAYLOR BALLARDDIRECTOR
Trustee or director
1$0
SHIRLEY A SESSIONSDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
TERESA FOX BETTISPRESIDENT
Trustee or director, Officer
1$0
MARC JACKSONVICE-PRESIDENT
Trustee or director, Officer
1$0
IRA BATES JRTREASURER
Trustee or director, Officer
1$0
ANN Y BROWN ESQUIRESECRETARY
Trustee or director, Officer
1$0
ANGELA DAVIS LITTLESDIRECTOR
Trustee or director
1$0
JACK BOATMANDIRECTOR
Trustee or director
1$0
JARROD WHITE ESQUIREDIRECTOR
Trustee or director
1$0
RUTH TAYLOR BALLARDDIRECTOR
Trustee or director
1$0
SHIRLEY A SESSIONSDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
RUTH TAYLOR BALLARDDIRECTOR
Trustee or director
1$0
ANGELA DAVIS LITTLESDIRECTOR
Trustee or director
1$0
IRA BATES JRDIRECTOR
Trustee or director
1$0
ANN Y BROWN ESQUIRESECRETARY
Trustee or director, Officer
1$0
JARROD WHITE ESQUIREDIRECTOR
Trustee or director
1$0
MARC JACKSONVICE-PRESIDENT
Trustee or director, Officer
1$0
JACK BOATMANDIRECTOR
Trustee or director
1$0
SHIRLEY A SESSIONSTREASURER
Trustee or director, Officer
1$0
TERESA FOX BETTISPRESIDENT
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 347, MOBILE, AL 36601-0347
Mailing address (990-N for 2021)
PO BOX 347, MOBILE AL 36601
Principal officer (990 for 2025)
TERESA BETTIS, PO BOX 347, MOBILE, AL 36601
Principal officer (990-N for 2021)
TERESA BETTUS, PO BOX 347, MOBILE AL 36601
Signed the 990
TERESA BETTIS, BOARD CHAIR
Phone
(251) 533-4344
Return prepared by
WARREN AVERETT LLC

Mission

THE PURPOSE OF THE AFRICATOWN REDEVELOPMENT CORPORATION BOARD IS TO REVITALIZE HOUSING, PRESERVE HISTORY, AND ATTRACT/DEVELOP COMMERCE IN THE AREA KNOWN AS THE AFRICATOWN HISTORIC DISTRICT IN MOBILE, ALABAMA.

990 for the year ended December 31, 2025

Program accomplishments

  • SET UP OFFICE AT 1866B GOVERNMENT STREET, PARTICIPATED IN "LAST OUT" HOME REPAIR WEEK WITH "HEART 911" TO REPAIR KITCHENS, BATHROOMS AND DRYWALL HOMES IN AFRICATOWN, AND HELD AFRICATOWN COMMUNITY CLEANUP IN CONJUNCTION WITH OPEN TABLE UNITED CHURCH OF CHRIST
    Expenses $292,900

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-3015084
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
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,899,312
Income (IRS master file)
$2,335,587

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$2,335,587$347,223$2,899,312IRS
990December 2024$952,845$702,010$908,206IRS
990December 2023$576,947$178,348$656,758XML
990December 2022$267,900$24,909$255,490IRS
990-N for 2021
Officer: TERESA BETTUS
December 31, 2021≤ $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 87-3015084).

Questions about AFRICATOWN REDEVELOPMENT CORPORATION

What is the EIN of AFRICATOWN REDEVELOPMENT CORPORATION?
The employer identification number (EIN) of AFRICATOWN REDEVELOPMENT CORPORATION is 87-3015084.
Is AFRICATOWN REDEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to AFRICATOWN REDEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AFRICATOWN REDEVELOPMENT 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 AFRICATOWN REDEVELOPMENT CORPORATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AFRICATOWN REDEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of AFRICATOWN REDEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 names TERESA BETTIS.
Who are the officers and directors of AFRICATOWN REDEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $95,000 (KARLOS FINLEY, EXECUTIVE DIRECTOR).
How much revenue does AFRICATOWN REDEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $2,335,587, expenses of $347,223 and total assets of $2,899,312 at year end.

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