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Nonprofit · EIN 23-7448537

DREXEL DEVELOPMENT CORPORATION

Tax-exempt · JOPLIN, MO 64801

Financials

$322K$319K2023$351K$359K2024$386K$358K2025
Revenue Expenses · by fiscal year end
Financials of DREXEL DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$385,647$357,598$28,049$610,241$735,221-$124,980
December 31, 2024990$350,909$359,295-$8,386$590,656$743,685-$153,029
December 31, 2023990$321,751$319,031$2,720$604,811$615,466-$10,655
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$352,385
Investment income
$27,351
Other revenue
$5,911

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$50,582
Salaries, compensation and benefits (total)
$55,250
Professional fundraising fees
$0
Accounting fees
$2,000
Occupancy
$116,311
Depreciation
$46,107
Program services (functional)
$302,708
Management and general (functional)
$54,890

Balance sheet and other

Total assets, start of year
$590,656
Total assets, end of year
$610,241
Total liabilities, end of year
$735,221
Net assets, end of year
-$124,980
Land, buildings and equipment
$426,332
Net assets without donor restrictions
-$124,980
Gross receipts
$385,647
Employees
0
Year formed
1975
State of legal domicile
MO

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
SANDY NELSONVICE PRESIDE
Officer
1$0
NANCY NICKELLSEC/TREASURE
Officer
1$0
HERBERT E THOMASPRESIDENT
Officer
1$0
990 for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
ANITA BROWNMEMBER
Trustee or director
1$0
SANDY NELSONVICE PRESIDE
Officer
1$0
NANCY NICKELLSEC/TREASURE
Officer
1$0
HERBERT E THOMASPRESIDENT
Officer
1$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
ANITA BROWNMEMBER
Trustee or director
1$0
SANDRA NELSONVICE PRESIDE
Officer
1$0
NANCY NICKELLSECRETARY/TR
Officer
1$0
HERBERT E THOMASPRESIDENT
Officer
1$0

Address and contacts

Address (IRS master file)
3609 E 20TH ST, JOPLIN, MO 64801-5849
In care of
% BANK OF DREXEL
Principal officer (990 for 2025)
HERBERT E THOMAS, 3609 E 20TH ST, JOPLIN, MO 64801
Signed the 990
HERBERT E THOMAS, PRESIDENT
Phone
(417) 624-4144
Return prepared by
CHRISTEN SOUERS LLC

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS

990 for the year ended December 31, 2025

Program accomplishments

  • TO PROVIDE AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS
    Expenses $302,708 · revenue $352,385

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
23-7448537
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1975
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$610,241
Income (IRS master file)
$385,647

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$385,647$357,598$610,241XML
990December 2024$350,909$359,295$590,656IRS
990December 2023$321,751$319,031$604,811XML
990December 2022$305,810$355,069$619,577IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 23-7448537).

Questions about DREXEL DEVELOPMENT CORPORATION

What is the EIN of DREXEL DEVELOPMENT CORPORATION?
The employer identification number (EIN) of DREXEL DEVELOPMENT CORPORATION is 23-7448537.
Is DREXEL DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1975.
Are donations to DREXEL DEVELOPMENT CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does DREXEL 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 DREXEL DEVELOPMENT 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 DREXEL DEVELOPMENT 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 DREXEL DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 names HERBERT E THOMAS.
Who are the officers and directors of DREXEL DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does DREXEL DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $385,647, expenses of $357,598 and total assets of $610,241 at year end.

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