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Nonprofit · EIN 91-1767139

MAIN STREET APARTMENTS INC

Tax-exempt · SAN RAFAEL, CA 94901

Financials

$357K$523K2023$369K$475K2024
Revenue Expenses · by fiscal year end
Financials of MAIN STREET APARTMENTS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$369,002$474,869-$105,867$1,548,026$3,581,430-$2,033,404
March 31, 2024990$357,319$522,938-$165,619$1,607,019$3,534,556-$1,927,537
Financial details: 990 for the year ended March 31, 2025

Revenue

Contributions, gifts and grants
$243,486
of which government grants
$243,486
Program service revenue
$125,286
Investment income
$230
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$112,265
Salaries, compensation and benefits (total)
$133,461
Professional fundraising fees
$0
Legal fees
$8,132
Accounting fees
$11,494
Occupancy
$158,346
Depreciation
$100,911
Program services (functional)
$430,587
Management and general (functional)
$44,282

Balance sheet and other

Total assets, start of year
$1,607,019
Total assets, end of year
$1,548,026
Total liabilities, end of year
$3,581,430
Net assets, end of year
-$2,033,404
Land, buildings and equipment
$1,456,767
Net assets without donor restrictions
-$2,033,404
Gross receipts
$369,002
Employees
0
Volunteers
0
Year formed
1997
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 March 31, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
LAURA HALLSECRETARY/TREASURER
Trustee or director, Officer
0.1$0$626,061$47,351
KATHERINE FLEMINGVICE PRESIDENT
Trustee or director, Officer
0.1$0$308,570$46,063
KARIM SULTANPRESIDENT
Trustee or director, Officer
0.1$0$228,614$21,168
VINCE HAGHIRIDIRECTOR
Trustee or director
0.1$0$195,881$25,848
VERNA CAUSBY-SMITHFORMER PRESDNT
Former
0.1$0$121,016$14,176
990 for the year ended March 31, 2024: 5 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
LAURA HALLDirector
Trustee or director
0.1$0$612,298$43,208
CATHY MACYSec./Treasurer
Trustee or director, Officer
0.1$0$381,279$37,687
VINCE HAGHIRIVice President
Trustee or director, Officer
0.1$0$229,223$24,202
KARIM SULTANPresident
Trustee or director, Officer
0.1$0$134,043$52,496
VERNA CAUSBY-SMITHFORMER PRESDNT
Trustee or director, Officer
0.1$0$163,520$20,466

Address and contacts

Address (IRS master file)
22 PELICAN WAY, SAN RAFAEL, CA 94901-5545
In care of
% CATHY BLECHINGER
Principal officer (990 for 2024)
KARIM SULTAN, 22 PELICAN WAY, SAN RAFAEL, CA 94901
Signed the 990
KARIM SULTAN, PRESIDENT
Phone
(415) 258-1800
Return prepared by
APRIO ADVISORY GROUP LLC

California records

California keeps its own records of charities and corporations. Search them by EIN 91-1767139 or by the name MAIN STREET APARTMENTS INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

TO PROVIDE LOW-INCOME HOUSING

990 for the year ended March 31, 2025

Program accomplishments

  • THE CORPORATION OPERATES A 24 UNIT APARTMENT BUILDING IN OAKLEY, CALIFORNIA UNDER SECTION 811 OF THE NATIONAL HOUSING ACT. THIS PROJECT IS REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.
    Expenses $430,587 · revenue $125,286

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 March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
91-1767139
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
1997
Accounting year ends
March
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,548,026
Income (IRS master file)
$369,002

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2025$369,002$474,869$1,548,026XML
990March 2024$357,319$522,938$1,607,019XML
990March 2023$355,762$425,512$1,735,965IRS
990March 2022–––IRS
990March 2021–––IRS
990March 2020–––IRS
990March 2019–––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 91-1767139).

Questions about MAIN STREET APARTMENTS INC

What is the EIN of MAIN STREET APARTMENTS INC?
The employer identification number (EIN) of MAIN STREET APARTMENTS INC is 91-1767139.
Is MAIN STREET APARTMENTS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to MAIN STREET APARTMENTS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAIN STREET 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 MAIN STREET APARTMENTS INC due?
The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MAIN STREET APARTMENTS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2025.
Who is the principal officer of MAIN STREET APARTMENTS INC?
The 990 for the year ended March 31, 2025 names KARIM SULTAN.
Who are the officers and directors of MAIN STREET APARTMENTS INC?
The 990 for the year ended March 31, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does MAIN STREET APARTMENTS INC have?
On its 990 for the year ended March 31, 2025 it reported revenue of $369,002, expenses of $474,869 and total assets of $1,548,026 at year end.

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