Skip to main content

Nonprofit · EIN 83-0483990

READSBORO HOMETOWN REDEVELOPMENT INC

Tax-exempt (reinstated) · READSBORO, VT 05350

Financials

$12K$35K2023$20K$69K2024$26K$66K2025
Revenue Expenses · by fiscal year end
Financials of READSBORO HOMETOWN REDEVELOPMENT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$25,710$65,605-$39,895$330,729$0$330,729
December 31, 2024990-EZ$19,608$69,271-$49,663$370,624$0$370,624
December 31, 2023990-EZ$12,303$34,906-$22,603$420,287$0$420,287
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$21,748
Program service revenue
$0
Investment income
$3,962
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fees and payments to contractors
$54,730
Occupancy
$5,349
Printing, publications and postage
$104
Other expenses
$5,422

Balance sheet and other

Total assets, start of year
$370,624
Total assets, end of year
$330,729
Total liabilities, end of year
$0
Net assets, end of year
$330,729
Cash, savings and investments
$133,327
Land and buildings
$197,402
Gross receipts
$25,710

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-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Susan BaileyPresident1$0
Helyn Strom HenriksenVice President1$0
David MarchegianiTreasurer2$0
Cindy BartosewczSecretary1$0
Normajean MarchegianiDirector1$0
Craig BartosewczDirector1$0
990-EZ for the year ended December 31, 2024: 6 people
NameTitleHours / weekCompensation
Susan BaileyPresident2$0
Helyn Strom HenriksenVice President1$0
David MarchegianiTreasurer2$0
Cindy BartosewczSecretary1$0
Normajean MarchegianiDirector1$0
Craig BartosewczDirector1$0
990-EZ for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
Susan BaileyPresident2$0
Helyn Strom HenriksenVice President1$0
David MarchegianiTreasurer2$0
Cindy BartosewczSecretary2$0
Normajean MarchegianiDirector1$0
Joan O'DonnellDirector0$0
Annette CarusoDirector0$0
Craig BartosewczDirector2$0
Tom VetoDirector1$0
Linda MarstonDirector0$0

Address and contacts

Address (IRS master file)
PO BOX 261, READSBORO, VT 05350-0261
In care of
% DAVID MARCHEGIANI
Signed the 990-EZ
David Marchegiani, Treasuer
Phone
(802) 423-7050

Mission

To promote development in Readsboro, VT.

990-EZ for the year ended December 31, 2025

Program accomplishments

  • To promote development in Readsboro VT for the benefit of the community, including the restoration of historic building for community use.

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
83-0483990
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
2011
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$330,729
Income (IRS master file)
$25,710

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
July 13, 2011
Reinstated
Effective May 15, 2010

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$25,710$65,605$330,729XML
990-EZDecember 2024$19,608$69,271$370,624XML
990-EZDecember 2023$12,303$34,906$420,287XML
990-EZDecember 2022–––IRS
990-EZDecember 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 83-0483990).

Questions about READSBORO HOMETOWN REDEVELOPMENT INC

What is the EIN of READSBORO HOMETOWN REDEVELOPMENT INC?
The employer identification number (EIN) of READSBORO HOMETOWN REDEVELOPMENT INC is 83-0483990.
Is READSBORO HOMETOWN REDEVELOPMENT INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
Are donations to READSBORO HOMETOWN REDEVELOPMENT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does READSBORO HOMETOWN REDEVELOPMENT INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of READSBORO HOMETOWN REDEVELOPMENT 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 READSBORO HOMETOWN REDEVELOPMENT INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who are the officers and directors of READSBORO HOMETOWN REDEVELOPMENT INC?
The 990-EZ for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does READSBORO HOMETOWN REDEVELOPMENT INC have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $25,710, expenses of $65,605 and total assets of $330,729 at year end.

Other nonprofits in READSBORO

All nonprofits in READSBORO · Vermont · Arts, culture and humanities