Nonprofit · EIN 38-1950009
NEIGHBORHOOD APARTMENTS INC
Tax-exempt · PORTAGE, MI 49002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $522,909 | $524,399 | -$1,490 | $1,782,078 | $1,500,026 | $282,052 |
| December 31, 2023 | 990 | $510,728 | $517,293 | -$6,565 | $1,797,440 | $1,513,898 | $283,542 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $395,174
- of which government grants
- $395,174
- Program service revenue
- $126,962
- Investment income
- $773
- Net gain from sales of assets
- -$399
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $73,367
- Salaries, compensation and benefits (total)
- $85,648
- Professional fundraising fees
- $0
- Legal fees
- $6,992
- Accounting fees
- $8,000
- Occupancy
- $240,460
- Depreciation
- $78,390
- Program services (functional)
- $421,299
- Management and general (functional)
- $103,100
Balance sheet and other
- Total assets, start of year
- $1,797,440
- Total assets, end of year
- $1,782,078
- Total liabilities, end of year
- $1,500,026
- Net assets, end of year
- $282,052
- Land, buildings and equipment
- $1,443,708
- Gross receipts
- $523,308
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1968
- State of legal domicile
- MI
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROLE MCNEES | PRESIDENT Trustee or director, Officer | 0.1 | $0 |
| DAVID F ANDERSON | VICE PRESIDE Trustee or director, Officer | 0.05 | $0 |
| DEE VELKOFF | TREASURER Trustee or director, Officer | 0.1 | $0 |
| DANIEL MCGLINN | SECRETARY Trustee or director, Officer | 0.05 | $0 |
| ARTRELLA COHN | DIRECTOR Trustee or director | 0.1 | $0 |
| LOLA AMOS | DIRECTOR Trustee or director | 0.1 | $0 |
| STACEY RANDOLPH-LEDBETTER | DIRECTOR Trustee or director | 0.05 | $0 |
| MICHAEL WILLIAMS | DIRECTOR Trustee or director | 0.05 | $0 |
| STEVE HASSEVOORT | DIRECTOR Trustee or director | 0.08 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROLE MCNEES | PRESIDENT Trustee or director, Officer | 0.1 | $0 |
| DAVID F ANDERSON | VICE PRESIDE Trustee or director, Officer | 0.05 | $0 |
| DEE VELKOFF | TREASURER Trustee or director, Officer | 0.1 | $0 |
| DANIEL MCGLINN | SECRETARY Trustee or director, Officer | 0.05 | $0 |
| ARTRELLA COHN | DIRECTOR Trustee or director | 0.1 | $0 |
| JODI MILKS | DIRECTOR Trustee or director | 0.05 | $0 |
| LOLA AMOS | DIRECTOR Trustee or director | 0.05 | $0 |
| STACEY RANDOLPH-LEDBETTER | DIRECTOR Trustee or director | 0.05 | $0 |
| MICHAEL WILLIAMS | DIRECTOR Trustee or director | 0.05 | $0 |
| STEVE HASSEVOORT | DIRECTOR Trustee or director | 0.05 | $0 |
Address and contacts
- Address (IRS master file)
- 2725 AIRVIEW BLVD STE 202, PORTAGE, MI 49002-1805
- Principal officer (990 for 2024)
- CAROLE MCNEES, 2725 AIRVIEW BLVD STE 202, KALAMAZOO, MI 49002
- Signed the 990
- CAROLE MCNEES, PRESIDENT
- Phone
- (269) 760-4715
- Return prepared by
- SEBER TANS PLC
Mission
TO PROVIDE HOUSING FOR PERSONS OF A LOW OR MODERATE INCOME; AND TO PROVIDE ANY SOCIAL RECREATIONAL, COMMERCIAL, AND COMMUNAL FACILITIES NECESSARY TO SERVE AND IMPROVE A RESIDENTIAL AREA IN WHICH THE FEDERALLY-AIDED HOUSING IS LOCATED.
Program accomplishments
- PROVIDING HOUSING TO PERSONS OF A LOW AND MODERATE INCOME.Expenses $421,299 · revenue $126,962
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-1950009
- 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
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $1,782,078
- Income (IRS master file)
- $523,308
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $522,909 | $524,399 | $1,782,078 | XML |
| 990 | December 2023 | $510,728 | $517,293 | $1,797,440 | XML |
| 990 | December 2022 | $482,987 | $557,497 | $1,850,914 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 38-1950009).
Questions about NEIGHBORHOOD APARTMENTS INC
- What is the EIN of NEIGHBORHOOD APARTMENTS INC?
- The employer identification number (EIN) of NEIGHBORHOOD APARTMENTS INC is 38-1950009.
- Is NEIGHBORHOOD APARTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to NEIGHBORHOOD APARTMENTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEIGHBORHOOD 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 NEIGHBORHOOD APARTMENTS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEIGHBORHOOD APARTMENTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEIGHBORHOOD APARTMENTS INC?
- The 990 for the year ended December 31, 2024 names CAROLE MCNEES.
- Who are the officers and directors of NEIGHBORHOOD APARTMENTS INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does NEIGHBORHOOD APARTMENTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $522,909, expenses of $524,399 and total assets of $1,782,078 at year end.
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