Nonprofit · EIN 83-4437903
WORKFORCE HOUSING DEVELOPMENT CORPORATION
Tax-exempt · MATTHEWS, NC 28104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $0 | $509 | -$509 | $2,779,099 | $2,396,914 | $382,185 |
| December 31, 2023 | 990 | $7,040 | $10,205 | -$3,165 | $2,779,608 | $2,396,914 | $382,694 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $509
Balance sheet and other
- Total assets, start of year
- $2,779,608
- Total assets, end of year
- $2,779,099
- Total liabilities, end of year
- $2,396,914
- Net assets, end of year
- $382,185
- Land, buildings and equipment
- $2,416,806
- Net assets without donor restrictions
- $382,185
- Gross receipts
- $0
- Employees
- 0
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY CARROLL | PRESIDENT Trustee or director | – | $0 |
| BEVERLY EASTERWOOD | SECRETARY Trustee or director | – | $0 |
| DEBBIE RUCKER | TREASURER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY CARROLL | PRESIDENT Trustee or director | 1 | $0 |
| BEVERLY EASTERWOOD | SECRETARY Trustee or director | 1 | $0 |
| DEBBIE RUCKER | TREASURER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4301 HORSESHOE BND, MATTHEWS, NC 28104-8603
- In care of
- % DOUGLAS P KOCH
- Mailing address (990-N for 2020)
- 4301 HORSESHOE BEND, MATTHEWS NC 28104
- Principal officer (990 for 2024)
- JEFFREY CARROLL, 4301 HORSESHOE BEND, MATTHEWS, NC 28104
- Principal officer (990-N for 2020)
- DOUG KOCH, 4301 HORSESHOE BEND, MATTHEWS NC 28104
- Signed the 990
- JEFFREY CARROLL, PRESIDENT
- Phone
- (704) 905-2276
- Return prepared by
- SHERBERT ASSOCIATES PC
Mission
TO ASSIST IN THE CONSTRUCTION, OPERATION, AND PRESERVATION OF WORKFORCE HOUSING DESIGNED PRIMARILY TO SERVE LOW AND MODERATE-INCOME HOUSEHOLDS EARNING BETWEEN 30% AND 80% OF AREA MEDIAN INCOME.
Program accomplishments
- TO ASSIST IN THE CONSTRUCTION, OPERATION, AND PRESERVATION OF WORKFORCE HOUSING.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not 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
- 83-4437903
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $2,779,099
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $0 | $509 | $2,779,099 | XML |
| 990 | December 2023 | $7,040 | $10,205 | $2,779,608 | XML |
| 990 | December 2022 | $20,079 | $59,173 | $1,671,859 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: DOUG KOCH | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 83-4437903).
Questions about WORKFORCE HOUSING DEVELOPMENT CORPORATION
- What is the EIN of WORKFORCE HOUSING DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of WORKFORCE HOUSING DEVELOPMENT CORPORATION is 83-4437903.
- Is WORKFORCE HOUSING DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to WORKFORCE HOUSING DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WORKFORCE HOUSING DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of WORKFORCE HOUSING DEVELOPMENT CORPORATION 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 WORKFORCE HOUSING DEVELOPMENT CORPORATION 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 WORKFORCE HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names JEFFREY CARROLL.
- Who are the officers and directors of WORKFORCE HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does WORKFORCE HOUSING DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $0, expenses of $509 and total assets of $2,779,099 at year end.
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All nonprofits in MATTHEWS · North Carolina · Housing and shelter