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Nonprofit · EIN 59-2572103

SOUTH GULF COVE HOMEOWNERS ASSOCIATION INC

Tax-exempt · PT CHARLOTTE, FL 33981

Financials

$193K$89K2023$187K$106K2024$236K$120K2025
Revenue Expenses · by fiscal year end
Financials of SOUTH GULF COVE HOMEOWNERS ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$236,331$119,785$116,546$1,204,191$77,960$1,126,231
December 31, 2024990$186,806$105,557$81,249$1,041,092$31,407$1,009,685
December 31, 2023990$192,782$88,770$104,012$950,536$22,100$928,436
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$1,010
Program service revenue
$212,143
Investment income
$22,784
Net rental income
$960
Net income from gaming
$1,860
Net income from sales of inventory
-$2,426
Other revenue
$394

Expenses

Grants and similar amounts paid
$2,467
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$15,160
Accounting fees
$4,950
Occupancy
$38,963
Depreciation
$15,510
Program services (functional)
$87,527
Management and general (functional)
$32,258

Balance sheet and other

Total assets, start of year
$1,041,092
Total assets, end of year
$1,204,191
Total liabilities, end of year
$77,960
Net assets, end of year
$1,126,231
Land, buildings and equipment
$394,622
Net assets without donor restrictions
$1,126,231
Gross receipts
$240,479
Employees
0
Volunteers
110
Year formed
1982
State of legal domicile
FL

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
David CormierPresident
Trustee or director, Officer
8$0
Dan BorisFirst Vice President
Trustee or director, Officer
2$0
Jerry BergSecond Vice President
Trustee or director, Officer
3$0
Elaine McNeillTreasurer
Trustee or director, Officer
6$0
Sue AndersonSecretary
Trustee or director, Officer
6$0
Timothy DelaneyTreasurer/Director
Trustee or director, Officer
4$0
Sheryl BlocklinSecretary/Director
Trustee or director, Officer
4$0
Brian WakeleyDirector
Trustee or director
2$0
Wendy HallDirector
Trustee or director
2$0
Craig AndersonDirector
Trustee or director
2$0
Geoff NortonDirector
Trustee or director
2$0
Glenn SechenDirector
Trustee or director
2$0
Paul WydominicDirector
Trustee or director
2$0
Eric AxelsonDirector
Trustee or director
2$0
Tim BullardFirst Vice President
Trustee or director, Officer
2$0
1 more people on this return
NameTitleHours / weekCompensation
Debbie BullardDirector
Trustee or director
2$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
Dan BorisDirector
Trustee or director
2$0
Eric AxelsonDirector
Trustee or director
2$0
Elaine McNeillDirector
Trustee or director
2$0
Debbie BullardDirector
Trustee or director
2$0
David CormierPresident
Officer
8$0
Tim BullardFirst Vice President
Officer
2$0
Sheryl BlocklinSecretary
Officer
6$0
Jerry BergSecond Vice President
Officer
3$0
Timothy DelaneyTreasurer
Officer
6$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
David CormierPresident
Trustee or director, Officer
8$0
Tim BullardFirst Vice President
Trustee or director, Officer
2$0
Sheryl BlocklinSecretary
Trustee or director, Officer
6$0
Eric WellsDirector
Trustee or director
2$0
Linda HallDirector
Trustee or director
2$0
Elaine McNeillDirector
Trustee or director
2$0
Debbie BullardDirector
Trustee or director
2$0
Jerry BergSecond Vice President
Officer
3$0
Timothy DelaneyTreasurer
Officer
6$0

Address and contacts

Address (IRS master file)
14859 INGRAHAM BLVD, PT CHARLOTTE, FL 33981-3142
In care of
% NANCY L MISSALL
Principal officer (990 for 2025)
David Cormier, 14859 Ingraham Blvd, Port Charlotte, FL 33981
Signed the 990
David Cormier, President
Return prepared by
Nancy Missall

Mission

Maintain the common areas of the subdivision and to promote the common good and general welfare of the people of the community.

990 for the year ended December 31, 2025

Program accomplishments

  • Maintain the common areas of the subdivision and work to promote the safety and well being of the residents.
    Expenses $87,527 · revenue $197,658

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
59-2572103
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,204,191
Income (IRS master file)
$240,479

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$236,331$119,785$1,204,191XML
990December 2024$186,806$105,557$1,041,092XML
990December 2023$192,782$88,770$950,536XML
990December 2022$218,329$92,558$843,316IRS
990December 2021–––IRS
990December 2020–––IRS
990-EZDecember 2019–––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 59-2572103).

Questions about SOUTH GULF COVE HOMEOWNERS ASSOCIATION INC

What is the EIN of SOUTH GULF COVE HOMEOWNERS ASSOCIATION INC?
The employer identification number (EIN) of SOUTH GULF COVE HOMEOWNERS ASSOCIATION INC is 59-2572103.
Is SOUTH GULF COVE HOMEOWNERS ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2022.
Are donations to SOUTH GULF COVE HOMEOWNERS ASSOCIATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SOUTH GULF COVE HOMEOWNERS ASSOCIATION 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 SOUTH GULF COVE HOMEOWNERS ASSOCIATION INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOUTH GULF COVE HOMEOWNERS ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of SOUTH GULF COVE HOMEOWNERS ASSOCIATION INC?
The 990 for the year ended December 31, 2025 names David Cormier.
Who are the officers and directors of SOUTH GULF COVE HOMEOWNERS ASSOCIATION INC?
The 990 for the year ended December 31, 2025 lists 16 people; 0 received compensation from the organization.
How much revenue does SOUTH GULF COVE HOMEOWNERS ASSOCIATION INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $236,331, expenses of $119,785 and total assets of $1,204,191 at year end.

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