Nonprofit · EIN 54-1906879
HOUSING OPPORTUNITIES MADE ECONOMICAL INC
Tax-exempt · FREDERICKSBRG, VA 22401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $635,019 | $369,217 | $265,802 | $3,057,378 | $1,610,322 | $1,447,056 |
| December 31, 2023 | 990 | $567,468 | $369,417 | $198,051 | $2,945,530 | $1,764,276 | $1,181,254 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $618,356
- Investment income
- $12,667
- Other revenue
- $3,996
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $35,025
- Salaries, compensation and benefits (total)
- $37,955
- Professional fundraising fees
- $0
- Legal fees
- $1,392
- Accounting fees
- $4,483
- Depreciation
- $16,278
- Program services (functional)
- $278,919
- Management and general (functional)
- $90,298
Balance sheet and other
- Total assets, start of year
- $2,945,530
- Total assets, end of year
- $3,057,378
- Total liabilities, end of year
- $1,610,322
- Net assets, end of year
- $1,447,056
- Land, buildings and equipment
- $2,698,026
- Net assets without donor restrictions
- $1,447,056
- Gross receipts
- $635,019
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- VA
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 |
|---|---|---|---|
| PAUL DESILETS | PRESIDENT/CEO Trustee or director, Officer | 0.25 | $0 |
| MICHAEL KASEY | VICE PRESIDENT Trustee or director, Officer | 0.25 | $0 |
| ANTHONY CIMINI | SECRETARY Trustee or director, Officer | 0.25 | $0 |
| MICHAEL HUIE | TREASURER Trustee or director, Officer | 0.25 | $0 |
| HAROLD SPOTTS | DIRECTOR Trustee or director | 0.25 | $0 |
| JAMES BLACKER | DIRECTOR Trustee or director | 0.25 | $0 |
| MATTHEW PROHASKA | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL DESILETS | PRESIDENT/CEO Trustee or director, Officer | 0.25 | $10,000 |
| MICHAEL KASEY | VP/TREASURER Trustee or director, Officer | 0.25 | $0 |
| ANTHONY CIMINI | SECRETARY Trustee or director, Officer | 0.25 | $0 |
| HAROLD SPOTTS | DIRECTOR Trustee or director | 0.25 | $0 |
| JAMES BLACKER | DIRECTOR Trustee or director | 0.25 | $0 |
| MATTHEW PROHASKA | DIRECTOR Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 1907 CHARLES ST, FREDERICKSBRG, VA 22401-3414
- Principal officer (990 for 2024)
- PAUL DESILETS, 1907 CHARLES STREET, FREDERICKSBURG, VA 22401
- Signed the 990
- PAUL DESILETS, PRESIDENT
- Phone
- (540) 361-7477
- Website
- WWW.HOMEINC.US
- Return prepared by
- AYREE P RICE CPA AND ASSOCIATES INC
Mission
TO PROVIDE ACCESSIBLE HOUSING FOR PEOPLE WITH DISABILITIES.
Program accomplishments
- H.O.M.E. INC. BUILDS, BUYS, RENOVATES AND MANAGES BARRIER-FREE, AFFORABLE HOUSING FOR PEOPLE WITH DISABILITIES.Expenses $278,919 · revenue $635,019
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
- 54-1906879
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L210)
- Assets (IRS master file)
- $3,057,378
- Income (IRS master file)
- $635,019
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $635,019 | $369,217 | $3,057,378 | IRS |
| 990 | December 2023 | $567,468 | $369,417 | $2,945,530 | XML |
| 990 | December 2022 | $877,326 | $390,710 | $2,892,806 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 54-1906879).
Questions about HOUSING OPPORTUNITIES MADE ECONOMICAL INC
- What is the EIN of HOUSING OPPORTUNITIES MADE ECONOMICAL INC?
- The employer identification number (EIN) of HOUSING OPPORTUNITIES MADE ECONOMICAL INC is 54-1906879.
- Is HOUSING OPPORTUNITIES MADE ECONOMICAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to HOUSING OPPORTUNITIES MADE ECONOMICAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOUSING OPPORTUNITIES MADE ECONOMICAL 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 HOUSING OPPORTUNITIES MADE ECONOMICAL 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 HOUSING OPPORTUNITIES MADE ECONOMICAL 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 HOUSING OPPORTUNITIES MADE ECONOMICAL INC?
- The 990 for the year ended December 31, 2024 names PAUL DESILETS.
- Who are the officers and directors of HOUSING OPPORTUNITIES MADE ECONOMICAL INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does HOUSING OPPORTUNITIES MADE ECONOMICAL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $635,019, expenses of $369,217 and total assets of $3,057,378 at year end.
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All nonprofits in FREDERICKSBRG · Virginia · Housing and shelter