Nonprofit · EIN 73-1529495
NORMAN AFFORDABLE HOUSING CORPORATION
Tax-exempt · NORMAN, OK 73069
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $590,494 | $562,251 | $28,243 | $5,851,535 | $86,342 | $5,765,193 |
| June 30, 2024 | 990 | $796,811 | $641,984 | $154,827 | $5,829,400 | $92,450 | $5,736,950 |
| June 30, 2023 | 990 | $2,196,725 | $1,202,133 | $994,592 | $5,827,848 | $245,725 | $5,582,123 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $545,690
- Investment income
- $44,804
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $232,861
- Salaries, compensation and benefits (total)
- $280,615
- Professional fundraising fees
- $0
- Legal fees
- $108
- Accounting fees
- $356
- Occupancy
- $65,135
- Travel
- $673
- Depreciation
- $127,828
- Program services (functional)
- $300,407
- Management and general (functional)
- $261,844
Balance sheet and other
- Total assets, start of year
- $5,829,400
- Total assets, end of year
- $5,851,535
- Total liabilities, end of year
- $86,342
- Net assets, end of year
- $5,765,193
- Land, buildings and equipment
- $4,584,215
- Net assets without donor restrictions
- $5,765,193
- Gross receipts
- $590,494
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1999
- State of legal domicile
- OK
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.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Karen Canavan | Sec/Treas Officer | 12 | $0 | $271,140 |
| Marianne Ratliff | President Officer | 1 | $0 | $0 |
| Rick McKinney | Vice President Officer | 1 | $0 | $0 |
| Jeff Cummins | Director Trustee or director | 1 | $0 | $0 |
| Peggy Stockwell | Director Trustee or director | 1 | $0 | $0 |
| Becky Hunt | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Karen Canavan | Sec/Treas Officer | 12 | $0 | $214,176 |
| Marianne Ratliff | President Officer | 1 | $0 | $0 |
| Rick McKinney | Vice President Officer | 1 | $0 | $0 |
| Jeff Cummins | Director Trustee or director | 1 | $0 | $0 |
| Peggy Stockwell | Director Trustee or director, Officer | 1 | $0 | $0 |
| Becky Hunt | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Karen Canavan | Exec. Dir. Key employee | 12 | $174,975 |
| Marianne Ratliff | President Trustee or director | 1 | $0 |
| Jeff Cummins | Director Trustee or director | 1 | $0 |
| Rick McKinney | Vice President Trustee or director | 1 | $0 |
| Peggy Stockwell | Director Trustee or director | 1 | $0 |
| Lee Lawrence | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 700 N BERRY, NORMAN, OK 73069-7562
- In care of
- % KAY ABSHER
- Principal officer (990 for 2024)
- Karen Canavan SecTreas, 700 N Berry, Norman, OK 73069
- Signed the 990
- Karen Canavan, Secretary/Treasurer
- Phone
- (405) 329-0933
- Return prepared by
- Urlaub & Co PLLC
Mission
To manage and develop low income apartment complexes
Program accomplishments
- To administer and manage housing for non-profit housing properties for the low-income, disabled, and elderly. To own and manage properties designed to provide affordable housing for the city of Norman.Expenses $300,407 · revenue $545,690
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 73-1529495
- 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
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $5,851,535
- Income (IRS master file)
- $590,494
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $590,494 | $562,251 | $5,851,535 | XML |
| 990 | June 2024 | $796,811 | $641,984 | $5,829,400 | IRS |
| 990 | June 2023 | $2,196,725 | $1,202,133 | $5,827,848 | XML |
| 990 | June 2022 | $1,079,057 | $447,182 | $4,997,830 | IRS |
| 990 | June 2021 | – | – | – | 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 73-1529495).
Questions about NORMAN AFFORDABLE HOUSING CORPORATION
- What is the EIN of NORMAN AFFORDABLE HOUSING CORPORATION?
- The employer identification number (EIN) of NORMAN AFFORDABLE HOUSING CORPORATION is 73-1529495.
- Is NORMAN AFFORDABLE HOUSING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to NORMAN AFFORDABLE HOUSING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORMAN AFFORDABLE HOUSING 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 NORMAN AFFORDABLE HOUSING 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 NORMAN AFFORDABLE HOUSING 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 NORMAN AFFORDABLE HOUSING CORPORATION?
- The 990 for the year ended June 30, 2025 names Karen Canavan SecTreas.
- Who are the officers and directors of NORMAN AFFORDABLE HOUSING CORPORATION?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does NORMAN AFFORDABLE HOUSING CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $590,494, expenses of $562,251 and total assets of $5,851,535 at year end.
Other nonprofits in NORMAN
- MISSION NORMAN INC EIN 33-1101555 · last filed 990 for 2024
- FOOD AND SHELTER INC EIN 73-1222111 · last filed 990 for 2025
- NORTHCLIFF GARDENS INCORPORATED EIN 73-1530769 · last filed 990 for 2025
- MCKINZIE GARDENS II INC EIN 73-1624160 · last filed 990 for 2025
- MCKINZIE GARDENS INCORPORATED EIN 73-1530817 · last filed 990 for 2025
- NORMAN 2015 CHDO INC EIN 47-3075346 · last filed 990-EZ for 2025
- SOUTHWEST INSTITUTE OF HUMAN RELATIONS INC EIN 73-1069649 · last filed 990-N for 2025
- PARABLE HOUSE FOUNDATION EIN 93-1521428 · last filed 990-N for 2024