Nonprofit · EIN 76-0439238
ACRES HOME CHAMBER FOR BUISNESS AND ECONOMIC DEVELOPMENT INC
Tax-exempt · HOUSTON, TX 77091
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $161,208 | $218,580 | -$57,372 | $903,639 | $92,232 | $811,407 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $160,935
- Membership dues
- $5,170
- Program service revenue
- $29,440
- Investment income
- $13
- Net income from fundraising events
- -$29,180
- Other revenue
- -$29,180
Expenses
- Grants and similar amounts paid
- $25
- Compensation of officers, directors and key employees
- $24,000
- Salaries, compensation and benefits (total)
- $25,836
- Professional fundraising fees
- $0
- Accounting fees
- $13,695
- Travel
- $358
- Depreciation
- $54,791
- Program services (functional)
- $143,327
- Management and general (functional)
- $75,253
Balance sheet and other
- Total assets, start of year
- $949,545
- Total assets, end of year
- $903,639
- Total liabilities, end of year
- $92,232
- Net assets, end of year
- $811,407
- Land, buildings and equipment
- $840,661
- Net assets without donor restrictions
- $811,407
- Gross receipts
- $190,388
- Employees
- 1
- Volunteers
- 5
- Year formed
- 1994
- 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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WARREN FITZGERALD MUHAMMAD | CHAIRMAN & CEO Trustee or director, Officer | 25 | $24,000 |
| PAMELA JONES | BOARD MEMBER Trustee or director | 3 | $0 |
| REVERAND JAMAIL JOHNSON | BOARD MEMBER Trustee or director | 3 | $0 |
| DEMETRIUS WALKER | BOARD MEMBER Trustee or director | 3 | $0 |
| GWENDOLYN KATHY MITCHELL | BOARD MEMBER Trustee or director | 3 | $0 |
| CARVANA CLOUD | BOARD MEMBER Trustee or director | 3 | $0 |
| GEJUAN COLE | BOARD MEMBER Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 6112 WHEATLEY ST, HOUSTON, TX 77091-3947
- Principal officer (990 for 2023)
- WARREN FITZGERALD MUHAMMA, 6112 WHEATLEY STREET, HOUSTON, TX 77091
- Signed the 990
- WARREN FITZGERALD MUHAMMAD, CHAIRMAN & CEO
- Phone
- (832) 433-7916
- Return prepared by
- MCCONNELL & JONES LLP
Mission
THE MISSION OF OUR ORGANIZATION IS TO SERVE THE COMMUNITY BY PROVIDING BUSINESS DEVELOPMENT THROUGH EDUCATION; ASSIST THE COMMUNITY AND FURTHER ITS GROWTH BY PROMOTING, SUPPORTING, AND ENCOURAGING EDUCATION AND ENTREPRENEURSHIP.
Program accomplishments
- EDUCATIONAL CLASSES WERE CONDUCTED FOR SMALL BUSINESS OWNERS AND OTHERS IN THE COMMUNITY IN A VIRTUAL SETTING DUE TO THE COVID-19 PANDEMIC IN 2022. THE VIRTUAL WORKSHOPS WERE IN COOPERATION WITH SCORE ON TOPICS SUCH AS, CARING CUSTOMER SERVICE, BUILDING A BOOK OF BUSINESS, SETTING UP A WORDPRESS WEBSITE, WHAT YOU LEARN AFTER YOU KNOW IT ALL, AND INFORMATION ON THE UPDATES TO EIDL.Expenses $143,327 · grants $25 · revenue $29,440
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 76-0439238
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $903,639
- Income (IRS master file)
- $190,388
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $161,208 | $218,580 | $903,639 | XML |
| 990 | December 2022 | $100,447 | $169,261 | $949,545 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 76-0439238).
Questions about ACRES HOME CHAMBER FOR BUISNESS AND ECONOMIC DEVELOPMENT INC
- What is the EIN of ACRES HOME CHAMBER FOR BUISNESS AND ECONOMIC DEVELOPMENT INC?
- The employer identification number (EIN) of ACRES HOME CHAMBER FOR BUISNESS AND ECONOMIC DEVELOPMENT INC is 76-0439238.
- Is ACRES HOME CHAMBER FOR BUISNESS AND ECONOMIC DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to ACRES HOME CHAMBER FOR BUISNESS AND ECONOMIC DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACRES HOME CHAMBER FOR BUISNESS AND ECONOMIC DEVELOPMENT 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 ACRES HOME CHAMBER FOR BUISNESS AND ECONOMIC DEVELOPMENT 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 ACRES HOME CHAMBER FOR BUISNESS AND ECONOMIC DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of ACRES HOME CHAMBER FOR BUISNESS AND ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended December 31, 2023 names WARREN FITZGERALD MUHAMMA.
- Who are the officers and directors of ACRES HOME CHAMBER FOR BUISNESS AND ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended December 31, 2023 lists 7 people; 1 received compensation from the organization, the highest $24,000 (WARREN FITZGERALD MUHAMMAD, CHAIRMAN & CEO).
- How much revenue does ACRES HOME CHAMBER FOR BUISNESS AND ECONOMIC DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $161,208, expenses of $218,580 and total assets of $903,639 at year end.
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