Nonprofit · EIN 58-1743798
COSMO AND LEWIS ESTATES INC
Tax-exempt · RALEIGH, NC 27619
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $117,430 | $116,175 | $1,255 | $171,547 | $266,252 | -$94,705 |
| December 31, 2023 | 990 | $114,949 | $146,174 | -$31,225 | $184,397 | $280,357 | -$95,960 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $88,459
- of which government grants
- $88,459
- Program service revenue
- $27,978
- Investment income
- $23
- Other revenue
- $970
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $122
- Accounting fees
- $3,957
- Occupancy
- $71,204
- Depreciation
- $17,836
- Program services (functional)
- $96,533
- Management and general (functional)
- $19,642
Balance sheet and other
- Total assets, start of year
- $184,397
- Total assets, end of year
- $171,547
- Total liabilities, end of year
- $266,252
- Net assets, end of year
- -$94,705
- Land, buildings and equipment
- $146,691
- Net assets without donor restrictions
- -$94,705
- Gross receipts
- $117,430
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1986
- 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 |
|---|---|---|---|
| ALBERT PURCELL | DIRECTOR Trustee or director | 0.5 | $0 |
| BETTIE BRANCH | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| VELECHIA EGERTON-STEGALL | TREASURER Trustee or director, Officer | 0.5 | $0 |
| GENE MCCABE | TRUSTEE Trustee or director | 0.5 | $0 |
| MALINDA MCCULLERS | TRUSTEE Trustee or director | 0.5 | $0 |
| CLIFTON WINSTON | TRUSTEE Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALBERT PURCELL | DIRECTOR Trustee or director | 0.5 | $0 |
| BETTIE BRANCH | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| VELECHIA EGERTON-STEGALL | TREASURER Trustee or director, Officer | 0.5 | $0 |
| GENE MCCABE | TRUSTEE Trustee or director | 0.5 | $0 |
| MALINDA MCCULLERS | TRUSTEE Trustee or director | 0.5 | $0 |
| CLIFTON WINSTON | TRUSTEE Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 19691, RALEIGH, NC 27619-9691
- Principal officer (990 for 2024)
- BETTIE BRANCH, PO BOX 19691, RALEIGH, NC 27619
- Signed the 990
- BETTIE BRANCH, SECRETARY
- Phone
- (919) 755-0558
- Return prepared by
- DAUBY O'CONNOR & ZALESKI LLC
Mission
THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 14 UNIT APARTMENT COMMUNITY FOR THE ELDERLY, HANDICAPPED AND DISABLED IN RALEIGH, NC KNOWN AS COSMO AND LEWIS ESTATES. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD HUD REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HAP CONTRACT PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) UNDER THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT, WHILE HUD PAYS THE BALANCE OF THE RENT.
Program accomplishments
- THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 14 UNIT APARTMENT COMMUNITY FOR THE ELDERLY, HANDICAPPED AND DISABLED IN RALEIGH, NC KNOWN AS COSMO AND LEWIS ESTATES. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD HUD REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HAP CONTRACT PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) UNDER THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT, WHILE HUD PAYS THE BALANCE OF THE RENT.Expenses $96,533 · revenue $27,978
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
- 58-1743798
- 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
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $171,547
- Income (IRS master file)
- $117,430
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $117,430 | $116,175 | $171,547 | IRS |
| 990 | December 2023 | $114,949 | $146,174 | $184,397 | XML |
| 990 | December 2022 | $126,618 | $111,114 | $199,193 | 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 58-1743798).
Questions about COSMO AND LEWIS ESTATES INC
- What is the EIN of COSMO AND LEWIS ESTATES INC?
- The employer identification number (EIN) of COSMO AND LEWIS ESTATES INC is 58-1743798.
- Is COSMO AND LEWIS ESTATES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to COSMO AND LEWIS ESTATES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COSMO AND LEWIS ESTATES 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 COSMO AND LEWIS ESTATES 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 COSMO AND LEWIS ESTATES 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 COSMO AND LEWIS ESTATES INC?
- The 990 for the year ended December 31, 2024 names BETTIE BRANCH.
- Who are the officers and directors of COSMO AND LEWIS ESTATES INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does COSMO AND LEWIS ESTATES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $117,430, expenses of $116,175 and total assets of $171,547 at year end.
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