Nonprofit · EIN 54-1932560
ELDER SPIRIT DEVELOPMENT CO
Tax-exempt · ABINGDON, VA 24210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $170,377 | $208,726 | -$38,349 | $1,289,978 | $1,549,387 | -$259,409 |
| December 31, 2023 | 990 | $155,264 | $247,081 | -$91,817 | $1,351,135 | $1,572,195 | -$221,060 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $119,643
- Investment income
- $7,761
- Other revenue
- $42,973
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,750
- Depreciation
- $114
- Program services (functional)
- $208,726
Balance sheet and other
- Total assets, start of year
- $1,351,135
- Total assets, end of year
- $1,289,978
- Total liabilities, end of year
- $1,549,387
- Net assets, end of year
- -$259,409
- Land, buildings and equipment
- $1,111,086
- Net assets without donor restrictions
- -$259,409
- Gross receipts
- $170,377
- Employees
- 0
- Year formed
- 1999
- 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 |
|---|---|---|---|
| CATHY ABERNATHY | TREASURER Trustee or director, Officer | – | $0 |
| KATHY BUCK | BOARD MEMBER Trustee or director | – | $0 |
| PAMELA DAVIS | SECRETARY Trustee or director, Officer | – | $0 |
| EMILY DEPEW | BOARD MEMBER Trustee or director | – | $0 |
| ROB GOLDSMITH | VICE PRESIDE Trustee or director, Officer | – | $0 |
| ADAM HUTCHINSON | BOARD MEMBER Trustee or director | – | $0 |
| LINDA MASHBURN | PRESIDENT Trustee or director, Officer | – | $0 |
| PEGGY MATTHEWS | BOARD MEMBER Trustee or director | – | $0 |
| MARGIE STANKO | BOARD MEMBER Trustee or director | – | $0 |
| BOB TERRELL | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK ADAMS | BOARD MEMBER Trustee or director, Officer | – | $0 |
| MONICA APPLEBY | TREASURER Trustee or director, Officer | – | $0 |
| JOHN BRENNER | BOARD MEMBER Trustee or director | – | $0 |
| KATHY BUCK | BOARD MEMBER Trustee or director | – | $0 |
| EMILY DEPEW | BOARD MEMBER Trustee or director | – | $0 |
| PEGGY MATHEWS | PRESIDENT Trustee or director, Officer | – | $0 |
| BOB VAUGHAN | BOARD MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 125 ELDERSPIRIT CT, ABINGDON, VA 24210-3180
- In care of
- % CATHERINE ABERNATHY
- Principal officer (990 for 2024)
- CATHY ABERNATHY, 125 ELDERSPIRIT COURT, ABINGDON, VA 24210
- Signed the 990
- CATHY ABERNATHY, TREASURER
- Phone
- (276) 525-4704
- Website
- WWW.ELDERSPIRIT.ORG
- Return prepared by
- HBC CPAS
Mission
DEVELOP AND MANAGE LOW INCOME HOUSING FOR PERSONS AGE 55 AND OVER
Program accomplishments
- PROVIDE 16 APARTMENTS FOR MIXED INCOME HOUSING IN ABINGDON VA REVENUE AND EXPENSES ARE REPORTED IN THE RENTAL SCHEDULEExpenses $208,726 · revenue $170,377
- PROVIDE 16 APARTMENTS FOR LOW INCOME HOUSING IN ABINGDON VA REVENUE AND EXPENSES ARE REPORTED IN THE RENTAL SCHEDULE
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
- 54-1932560
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $170,377 | $208,726 | $1,289,978 | XML |
| 990 | December 2023 | $155,264 | $247,081 | $1,351,135 | XML |
| 990 | December 2022 | $131,505 | $227,201 | $1,465,577 | 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 54-1932560).
Questions about ELDER SPIRIT DEVELOPMENT CO
- What is the EIN of ELDER SPIRIT DEVELOPMENT CO?
- The employer identification number (EIN) of ELDER SPIRIT DEVELOPMENT CO is 54-1932560.
- Is ELDER SPIRIT DEVELOPMENT CO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to ELDER SPIRIT DEVELOPMENT CO tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ELDER SPIRIT DEVELOPMENT CO 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 ELDER SPIRIT DEVELOPMENT CO 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 ELDER SPIRIT DEVELOPMENT CO 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 ELDER SPIRIT DEVELOPMENT CO?
- The 990 for the year ended December 31, 2024 names CATHY ABERNATHY.
- Who are the officers and directors of ELDER SPIRIT DEVELOPMENT CO?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does ELDER SPIRIT DEVELOPMENT CO have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $170,377, expenses of $208,726 and total assets of $1,289,978 at year end.
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