Nonprofit · EIN 71-0775762
PARKLANE APARTMENTS INC
Tax-exempt · FORT SMITH, AR 72902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $609,044 | $596,580 | $12,464 | $1,201,375 | $674,884 | $526,491 |
| December 31, 2024 | 990 | $593,401 | $613,563 | -$20,162 | $1,290,526 | $812,273 | $478,253 |
| December 31, 2023 | 990 | $603,974 | $562,222 | $41,752 | $1,306,792 | $808,371 | $498,421 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $428,735
- of which government grants
- $428,735
- Program service revenue
- $180,290
- Investment income
- $19
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $92,106
- Salaries, compensation and benefits (total)
- $105,032
- Professional fundraising fees
- $0
- Legal fees
- $150
- Accounting fees
- $13,777
- Depreciation
- $77,715
- Program services (functional)
- $395,086
- Management and general (functional)
- $201,494
Balance sheet and other
- Total assets, start of year
- $1,258,575
- Total assets, end of year
- $1,201,375
- Total liabilities, end of year
- $674,884
- Net assets, end of year
- $526,491
- Land, buildings and equipment
- $886,869
- Net assets without donor restrictions
- $526,491
- Gross receipts
- $609,044
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1972
- State of legal domicile
- AR
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FARRELL SEXTON | PRESIDENT Trustee or director, Officer | 0 | $0 |
| POWELL SANDERS | VICE PRESIDENT Trustee or director | 0 | $0 |
| MICHELLE SEXTON | SECRETARY Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Powell Sanders | Vice President Trustee or director, Officer | 0 | $0 |
| Farrell Sexton | President Trustee or director, Officer | 0 | $0 |
| Michelle Sexton | Secretary Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| POWELL SANDERS | VICE PRESIDE Officer | – | $0 |
| FARRELL SEXTON | PRESIDENT Officer | – | $0 |
| MICHELLE SEXTON | SECRETARY Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1526, FORT SMITH, AR 72902-1526
- Principal officer (990 for 2025)
- FARRELL SEXTON, PO BOX 1526, FORT SMITH, AR 72902
- Signed the 990
- FARRELL SEXTON, PRESIDENT
- Phone
- (479) 782-7268
- Return prepared by
- LANDMARK PLC CPAS
Mission
NON-PROFIT HOUSING FOR LOW INCOME INDIVIUDALS, ELDERLY, AND HANDICAPPED.
Program accomplishments
- OWNS AND OPERATES 54 LOW INCOME HOUSING UNITS FOR ELDERLY, HANDICAPPED, AND LOW INCOME FAMILIES.Expenses $395,086 · revenue $180,309
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 | 990 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
- 71-0775762
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L210)
- Assets (IRS master file)
- $1,201,375
- Income (IRS master file)
- $609,044
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $609,044 | $596,580 | $1,201,375 | IRS |
| 990 | December 2024 | $593,401 | $613,563 | $1,290,526 | XML |
| 990 | December 2023 | $603,974 | $562,222 | $1,306,792 | XML |
| 990 | December 2022 | $577,467 | $523,008 | $1,288,372 | 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 71-0775762).
Questions about PARKLANE APARTMENTS INC
- What is the EIN of PARKLANE APARTMENTS INC?
- The employer identification number (EIN) of PARKLANE APARTMENTS INC is 71-0775762.
- Is PARKLANE APARTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to PARKLANE APARTMENTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARKLANE APARTMENTS 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 PARKLANE APARTMENTS 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 PARKLANE APARTMENTS 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 PARKLANE APARTMENTS INC?
- The 990 for the year ended December 31, 2025 names FARRELL SEXTON.
- Who are the officers and directors of PARKLANE APARTMENTS INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does PARKLANE APARTMENTS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $609,044, expenses of $596,580 and total assets of $1,201,375 at year end.
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All nonprofits in FORT SMITH · Arkansas · Housing and shelter