Nonprofit · EIN 20-4339421
VILLAGE EAST RETIREMENT COMMUNITYINC
Tax-exempt · SAN ANGELO, TX 76904
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $983,160 | $1,632,392 | -$649,232 | $8,543,122 | $12,659,063 | -$4,115,941 |
| June 30, 2024 | 990 | $825,127 | $1,472,520 | -$647,393 | $8,888,973 | $12,408,514 | -$3,519,541 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,500
- Program service revenue
- $854,560
- Investment income
- $126,100
- Net gain from sales of assets
- $19,556
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $99,817
- Other salaries and wages
- $114,040
- Salaries, compensation and benefits (total)
- $228,602
- Professional fundraising fees
- $0
- Accounting fees
- $95,780
- Travel
- $1,814
- Depreciation
- $547,070
- Program services (functional)
- $1,328,837
- Management and general (functional)
- $303,555
Balance sheet and other
- Total assets, start of year
- $8,888,973
- Total assets, end of year
- $8,543,122
- Total liabilities, end of year
- $12,659,063
- Net assets, end of year
- -$4,115,941
- Land, buildings and equipment
- $5,919,516
- Net assets without donor restrictions
- -$4,115,941
- Gross receipts
- $983,160
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2006
- State of legal domicile
- TX
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 | Other / benefits |
|---|---|---|---|---|
| MARK DAVIS | EXECUTIVE DIRECTOR Officer | 38 | $86,116 | $13,701 |
| DANIEL BAKER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DAVID GAY | SEC/TREASURER Trustee or director, Officer | 0.2 | $0 | $0 |
| RON BLANN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ALLEN PRICE | PRESIDENT Trustee or director, Officer | 0.2 | $0 | $0 |
| TREY SMITH | VICE-PRESIDENT Trustee or director, Officer | 0.2 | $0 | $0 |
| DAVID TIMM | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JOHN FORTENBERY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DON HORNER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ED HUSTON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK DAVIS | EXECUTIVE DIRECTOR Officer | 38 | $66,650 | $21,141 |
| DANIEL BAKER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DAVID GAY | SEC/TREASURER Trustee or director, Officer | 0.2 | $0 | $0 |
| DON FOSTER | PRESIDENT Trustee or director, Officer | 0.2 | $0 | $0 |
| DON HORNER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| RON BLANN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ALLEN PRICE | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| TREY SMITH | VICE-PRESIDENT Trustee or director, Officer | 0.2 | $0 | $0 |
| DAVID TIMM | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ED HUSTON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JOHN FORTENBERY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4054 SUL ROSS ST, SAN ANGELO, TX 76904-6619
- In care of
- % MARK A DAVIS DIRECTOR
- Principal officer (990 for 2024)
- MARK DAVIS, 4054 SUL ROSS, SAN ANGELO, TX 76904
- Signed the 990
- MARK DAVIS, EXECUTIVE DIRECTOR
- Phone
- (325) 944-0819
- Website
- WWW.VILLAGE-EAST.COM
- Return prepared by
- OLIVER RAINEY & WOJTEK LLP
Mission
PROVIDE RETIREMENT TOWNHOMES FOR LEASE TO ELDERLY TENANTS ON A LIFETIME BASIS WITH A GUARANTEED RETURN OF 90% OF THE LEASE INVESTMENT WHEN THE TENANT DIES OR MOVES OUT.
Program accomplishments
- PROVIDING RETIREMENT HOMES FOR LEASE TO ELDERLY TENANTS ON A LIFETIME BASIS WITH A GUARANTEED RETURN OF 90% OF THE LEASE INVESTMENT WHEN THE TENANT DIES OR MOVES OUT. 10% OF THE LEASE INVESTMENT IS AMORTIZED OVER A TEN YEAR PERIOD WITH THE AMORTIZED AMOUNT RECORDED AS COST FEE INCOME. IF A VACATED HOME IS LEASED FOR A LARGER FEE THAN THE PREVIOUS TENANT RECEIVES 50% OF THE INCREASE.Expenses $1,328,837 · revenue $874,116
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
- 20-4339421
- 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
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $8,543,122
- Income (IRS master file)
- $983,160
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $983,160 | $1,632,392 | $8,543,122 | XML |
| 990 | June 2024 | $825,127 | $1,472,520 | $8,888,973 | XML |
| 990 | June 2023 | $833,015 | $1,411,034 | $9,371,736 | IRS |
| 990 | June 2022 | $862,880 | $1,262,323 | $9,766,018 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 20-4339421).
Questions about VILLAGE EAST RETIREMENT COMMUNITYINC
- What is the EIN of VILLAGE EAST RETIREMENT COMMUNITYINC?
- The employer identification number (EIN) of VILLAGE EAST RETIREMENT COMMUNITYINC is 20-4339421.
- Is VILLAGE EAST RETIREMENT COMMUNITYINC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to VILLAGE EAST RETIREMENT COMMUNITYINC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VILLAGE EAST RETIREMENT COMMUNITYINC 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 VILLAGE EAST RETIREMENT COMMUNITYINC 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 VILLAGE EAST RETIREMENT COMMUNITYINC 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 VILLAGE EAST RETIREMENT COMMUNITYINC?
- The 990 for the year ended June 30, 2025 names MARK DAVIS.
- Who are the officers and directors of VILLAGE EAST RETIREMENT COMMUNITYINC?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $86,116 (MARK DAVIS, EXECUTIVE DIRECTOR).
- How much revenue does VILLAGE EAST RETIREMENT COMMUNITYINC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $983,160, expenses of $1,632,392 and total assets of $8,543,122 at year end.
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