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Nonprofit · EIN 74-2278523

FRIENDLY ACRES INC

Tax-exempt · EDNA, TX 77957

Financials

$60K$176K2022$378K$152K2023$199K$224K2024
Revenue Expenses · by fiscal year end
Financials of FRIENDLY ACRES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$199,128$224,160-$25,032$869,651$77,100$792,551
December 31, 2023990$378,224$152,401$225,823$996,372$211,600$784,772
December 31, 2022990$60,334$176,177-$115,843$895,657$211,600$684,057
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$197,304
Investment income
$1,824
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$624
Depreciation
$82,719
Program services (functional)
$224,160

Balance sheet and other

Total assets, start of year
$996,372
Total assets, end of year
$869,651
Total liabilities, end of year
$77,100
Net assets, end of year
$792,551
Land, buildings and equipment
$489,600
Net assets without donor restrictions
$792,551
Gross receipts
$199,128
Employees
0
Year formed
1984
State of legal domicile
TX

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.

NameTitleHours / weekCompensation
David RosePresident
Officer
1$0
Steve BrezinaVice-President
Officer
1$0
Diane PowellSecretary
Officer
1$0
Catherine OzmentTreasurer
Officer
1$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Diane PowellSecretary
Officer
1$0
Catherine OzmentTreasurer
Officer
1$0
David RosePresident
Officer
1$0
Steve BrezinaVice-President
Officer
1$0
990 for the year ended December 31, 2022: 4 people
NameTitleHours / weekCompensation
Diane PowellSecretary
Officer
1$0
Catherine OzmentTreasurer
Officer
1$0
David RosePresident
Officer
1$0
Steve BrezinaVice-President
Officer
1$0

Address and contacts

Address (IRS master file)
58 OAK CREEK DR, EDNA, TX 77957-4753
In care of
% B DAVID ROSE
Principal officer (990 for 2024)
David Rose, 105 E Main, Edna, TX 77957
Signed the 990
B DAVID ROSE, President
Phone
(361) 782-7230
Return prepared by
Catherine L Ozment CPA PLLC

Mission

Provide housing for the elderly and handicapped in exempt purposes.

990 for the year ended December 31, 2024

Program accomplishments

  • Providing housing for the elderly and disabled.
  • Provide housing for the elderly and handicapped.
    Expenses $224,160

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-2278523
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
1983
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$869,651
Income (IRS master file)
$199,128

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$199,128$224,160$869,651XML
990December 2023$378,224$152,401$996,372XML
990December 2022$60,334$176,177$895,657XML
990December 2021–––IRS
990December 2020–––IRS
990December 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 74-2278523).

Questions about FRIENDLY ACRES INC

What is the EIN of FRIENDLY ACRES INC?
The employer identification number (EIN) of FRIENDLY ACRES INC is 74-2278523.
Is FRIENDLY ACRES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to FRIENDLY ACRES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRIENDLY ACRES 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 FRIENDLY ACRES 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 FRIENDLY ACRES 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 FRIENDLY ACRES INC?
The 990 for the year ended December 31, 2024 names David Rose.
Who are the officers and directors of FRIENDLY ACRES INC?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does FRIENDLY ACRES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $199,128, expenses of $224,160 and total assets of $869,651 at year end.

Other nonprofits in EDNA

All nonprofits in EDNA · Texas · Housing and shelter