Nonprofit · EIN 58-1539345
GOOD NEWS II INC OF STATESVILLE
Tax-exempt · STATESVILLE, NC 28625
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $423,478 | $366,921 | $56,557 | $1,240,776 | $1,464,586 | -$223,810 |
| December 31, 2023 | 990 | $406,781 | $361,281 | $45,500 | $1,250,307 | $1,554,664 | -$304,357 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $239,556
- of which government grants
- $239,556
- Program service revenue
- $183,922
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $72,914
- Salaries, compensation and benefits (total)
- $85,458
- Professional fundraising fees
- $0
- Legal fees
- $126
- Accounting fees
- $9,400
- Occupancy
- $89,676
- Depreciation
- $40,084
- Program services (functional)
- $271,122
- Management and general (functional)
- $95,799
Balance sheet and other
- Total assets, start of year
- $1,250,307
- Total assets, end of year
- $1,240,776
- Total liabilities, end of year
- $1,464,586
- Net assets, end of year
- -$223,810
- Land, buildings and equipment
- $463,547
- Publicly traded securities
- $133,087
- Net assets without donor restrictions
- -$331,078
- Net assets with donor restrictions
- $107,268
- Gross receipts
- $423,478
- Employees
- 0
- Volunteers
- 14
- Year formed
- 1983
- State of legal domicile
- NC
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 |
|---|---|---|---|
| RHYNE SCOTT | PRESIDENT Trustee or director, Officer | 1 | $0 |
| BETH BUSH | SECRETARY Trustee or director, Officer | 1 | $0 |
| JUDY WATTS | SECRETARY Trustee or director, Officer | 1 | $0 |
| DICK SEARS | INVESTMENT OFFICER Trustee or director, Officer | 1 | $0 |
| ANNE HERSCHLER | BOARD MEMBER Trustee or director | 1 | $0 |
| JEREMY CANNADA | BOARD MEMBER Trustee or director | 1 | $0 |
| BRYAN GEORGE | BOARD MEMBER Trustee or director | 1 | $0 |
| HARRIET MAUZE | BOARD MEMBER Trustee or director | 1 | $0 |
| NATE MCELWEE | BOARD MEMBER Trustee or director | 1 | $0 |
| SUEZI LONG | BOARD MEMBER Trustee or director | 1 | $0 |
| CAREY PARKER | BOARD MEMBER Trustee or director | 1 | $0 |
| JOY MORRISON | BOARD MEMBER Trustee or director | 1 | $0 |
| KIM AUSTIN | BOARD MEMBER Trustee or director | 1 | $0 |
| DYCIE WALTON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNE HERSCHLER | DIRECTOR Trustee or director | 1 | $0 |
| RHYNE SCOTT | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JEREMY CANNADA | DIRECTOR Trustee or director | 1 | $0 |
| JIM PICKETT | DIRECTOR Trustee or director | 1 | $0 |
| JUDY WATTS | TREASURER Trustee or director, Officer | 1 | $0 |
| HARRIET MAUZE | DIRECTOR Trustee or director | 1 | $0 |
| NATE MCELWEE | DIRECTOR Trustee or director | 1 | $0 |
| SUEZI LONG | SECRETARY Trustee or director, Officer | 1 | $0 |
| MARILYN HENDRY | DIRECTOR Trustee or director | 1 | $0 |
| JOY MORRISON | DIRECTOR Trustee or director | 1 | $0 |
| HEWITT LINYARD | INVESTMENT O Trustee or director, Officer | 1 | $0 |
| KIM AUSTIN | DIRECTOR Trustee or director | 1 | $0 |
| DYCIE WALTON | DIRECTOR Trustee or director | 1 | $0 |
| BETH BUSH | DIRECTOR Trustee or director | 1 | $0 |
| ROBIN DOWNS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 410 KINGS GRANT CT, STATESVILLE, NC 28625-4348
- Principal officer (990 for 2024)
- RHYNE SCOTT, 410 KINGS GRANT COURT, STATESVILLE, NC 28677
- Signed the 990
- RHYNE SCOTT, PRESIDENT
- Phone
- (336) 249-1836
- Return prepared by
- SHARPE PATEL CPA
Mission
PROVIDE HOUSING TO QUALIFIED ELDERLY/HANDICAPPED PERSONS UNDER HUD SUPERVISED PROGRAMS.
Program accomplishments
- PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD.Expenses $271,122 · revenue $183,922
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
- 58-1539345
- 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
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,240,776
- Income (IRS master file)
- $423,478
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $423,478 | $366,921 | $1,240,776 | XML |
| 990 | December 2023 | $406,781 | $361,281 | $1,250,307 | XML |
| 990 | December 2022 | $462,967 | $344,692 | $1,212,607 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 58-1539345).
Questions about GOOD NEWS II INC OF STATESVILLE
- What is the EIN of GOOD NEWS II INC OF STATESVILLE?
- The employer identification number (EIN) of GOOD NEWS II INC OF STATESVILLE is 58-1539345.
- Is GOOD NEWS II INC OF STATESVILLE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to GOOD NEWS II INC OF STATESVILLE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GOOD NEWS II INC OF STATESVILLE 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 GOOD NEWS II INC OF STATESVILLE 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 GOOD NEWS II INC OF STATESVILLE 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 GOOD NEWS II INC OF STATESVILLE?
- The 990 for the year ended December 31, 2024 names RHYNE SCOTT.
- Who are the officers and directors of GOOD NEWS II INC OF STATESVILLE?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does GOOD NEWS II INC OF STATESVILLE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $423,478, expenses of $366,921 and total assets of $1,240,776 at year end.
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