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Nonprofit · EIN 58-1988707

KINGSPORT RESIDENTIAL DEVELOPMENT CORPORATION

Tax-exempt · GRAY, TN 37615

Financials

$66K$142K2023$67K$149K2024
Revenue Expenses · by fiscal year end
Financials of KINGSPORT RESIDENTIAL DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$66,813$149,144-$82,331$529,206$237,799$291,407
June 30, 2024990$65,990$142,271-$76,281$585,102$211,364$373,738
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$66,304
Investment income
$3
Other revenue
$506

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$5,823
Depreciation
$77,004
Program services (functional)
$140,015
Management and general (functional)
$9,129

Balance sheet and other

Total assets, start of year
$585,102
Total assets, end of year
$529,206
Total liabilities, end of year
$237,799
Net assets, end of year
$291,407
Land, buildings and equipment
$480,434
Net assets without donor restrictions
$291,407
Gross receipts
$66,813
Employees
0
Year formed
1996
State of legal domicile
TN

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
Sherri FeathersBoard Member
Trustee or director
–$0
Tim PerryBoard Member
Trustee or director
–$0
Heather CrouseBoard Member
Trustee or director
–$0
Kimberly TranthamBoard Member
Trustee or director
–$0
Kristie HammondsPresident
Officer
–$0
Chad DuncanVice President
Officer
–$0
Diane BowenSecretary
Officer
–$0
Bobby Allen HarrisTreasurer through 06/27/25
Officer
–$0
Jeffrey HowardTreasurer as of 06/30/25
Officer
–$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensation
Sherri FeathersBoard Member
Trustee or director
–$0
Tim PerryBoard Member
Trustee or director
–$0
Heather CrouseBoard Member
Trustee or director
–$0
Kimberly TranthamBoard Member
Trustee or director
–$0
Kristie HammondsPresident
Officer
–$0
Virginia NaseriVice President
Officer
–$0
Diane BowenSecretary
Officer
–$0
Bobby Allen HarrisTreasurer
Officer
–$0

Address and contacts

Address (IRS master file)
PO BOX 9054, GRAY, TN 37615-9054
In care of
% RAINBOW HOMES INC
Principal officer (990 for 2024)
Kristie Hammonds
Signed the 990
Kristie Hammonds, President
Phone
(423) 467-3600

Mission

Semi-Independent Apartment Project with 11 units for Chronic Mentally Ill adults that is subsidized by the U.S. Department of Housing and Urban Development HUD.

990 for the year ended June 30, 2025

Program accomplishments

  • Program Service Expenses - Administrative 5,823, Utilities 19,586, Operating 31,974, Taxes Insurance 5,628, Depreciation 77,004 Management Expenses - 9,129 Revenue - Rent 66,304, Interest 3, Laundry 506
    Expenses $140,015 · revenue $66,813

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
58-1988707
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
1992
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P21Z)
Assets (IRS master file)
$529,206
Income (IRS master file)
$66,813

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$66,813$149,144$529,206XML
990June 2024$65,990$142,271$585,102XML
990June 2023$222,943$132,907$655,462IRS
990June 2022–––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 58-1988707).

Questions about KINGSPORT RESIDENTIAL DEVELOPMENT CORPORATION

What is the EIN of KINGSPORT RESIDENTIAL DEVELOPMENT CORPORATION?
The employer identification number (EIN) of KINGSPORT RESIDENTIAL DEVELOPMENT CORPORATION is 58-1988707.
Is KINGSPORT RESIDENTIAL DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
Are donations to KINGSPORT RESIDENTIAL DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KINGSPORT RESIDENTIAL DEVELOPMENT CORPORATION 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 KINGSPORT RESIDENTIAL DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KINGSPORT RESIDENTIAL DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of KINGSPORT RESIDENTIAL DEVELOPMENT CORPORATION?
The 990 for the year ended June 30, 2025 names Kristie Hammonds.
Who are the officers and directors of KINGSPORT RESIDENTIAL DEVELOPMENT CORPORATION?
The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does KINGSPORT RESIDENTIAL DEVELOPMENT CORPORATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $66,813, expenses of $149,144 and total assets of $529,206 at year end.

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