Nonprofit · EIN 88-1413703
HCR-FC MARLBOROUGH WOODS
Also known as HANNAH A BEAVERS MBR
Tax-exempt · CHARLOTTE, NC 28208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $229,692 | $320,569 | -$90,877 | $2,783,011 | $43,993 | $2,739,018 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $232,745
- Investment income
- -$3,053
- Net gain from sales of assets
- -$11,129
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- -$291
- Accounting fees
- $5,532
- Occupancy
- $29,566
- Depreciation
- $95,894
- Program services (functional)
- $303,873
- Management and general (functional)
- $16,696
Balance sheet and other
- Total assets, start of year
- $2,990,049
- Total assets, end of year
- $2,783,011
- Total liabilities, end of year
- $43,993
- Net assets, end of year
- $2,739,018
- Land, buildings and equipment
- $2,632,173
- Net assets without donor restrictions
- $2,739,018
- Gross receipts
- $385,821
- Employees
- 0
- Year formed
- 2022
- State of legal domicile
- NC
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LAURA BELCHER | CHAIR Trustee or director | 2 | $0 | $267,303 | $13,726 |
| BOB GLUSENKAMP | MEMBER Trustee or director | 2 | $0 | $162,689 | $16,782 |
| HANNAH BEAVERS | SECRETARY Trustee or director | 2 | $0 | $146,856 | $0 |
| MARK TALBOT | TREASURER Trustee or director | 2 | $0 | $90,164 | $0 |
| ADRIAN BODDIE | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARK LINSZ | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LAURI MUMFORD | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3501 TUCKASEEGEE RD, CHARLOTTE, NC 28208-3051
- Principal officer (990 for 2024)
- MARK TALBOT, 3501 TUCKASEEGEE RD, CHARLOTTE, NC 28208
- Signed the 990
- MARK TALBOT, TREASURER
- Phone
- (857) 225-0030
- Return prepared by
- DAVIES GOLDSTEIN & ASSOCIATES CPA'S
Mission
TO BUY, RENOVATE, RENT, AND ULTIMATELY SELL HOMES TO QUALIFIED BUYERS AS A PATH TO HOMEOWNERSHIP.
Program accomplishments
- HCR-FC MARLBOROUGH WOODS, LLC ACQUIRES RENTAL UNITS IN THE MARLBOROUGH WOODS NEIGHBORHOOD WITH THE PURPOSE OF PROVIDING OPPORTUNITIES FOR TENANTS TO BECOME HOMEOWNERS. IT IS ANTICIPATED OVER A 10 YEAR PERIOD THAT CURRENT TENANTS WILL TURNOVER AND THAT NEW HOMEBUYERS WILL BE IDENTIFIED FOR THE UNITS. WHILE TENANTS ARE RENTING, FREEDOM COMMUNITIES PROVIDES TENANT MANAGEMENT AND SUPPORT FOR FAMILIES. EACH TENANT HAS THE OPPORTUNITY TO MEET WITH A CASE WORKER TO DETERMINE THE NEEDS OF THE FAMILY AND CONNECT THEM WITH THE COMMUNITY RESOURCES THAT WILL SERVE THEM BEST. HABITAT CHARLOTTE REGION PROVIDES OPPORTUNITIES FOR RESIDENTS TO PARTICIPATE IN ITS VARIOUS FINANCIAL LITERACY PROGRAMS TO ASSESS HOME BUYER READINESS AND UPON COMPLETION, WILL DETERMINE IF THEY ARE PREPARED TO PURCHASE ONE OF THE MARLBOROUGH WOODS UNITS OR ANOTHER HOUSING SOLUTION ELSEWHERE. AS TENANTS MOVE OUT, HABITAT CHARLOTTE REGION REHABS THE UNITS INCLUDING REMODELING THE KITCHEN AND BATH, REPLACING WINDOWS, CLEANING FLOORS, AND PAINTING THE UNIT. HOMEBUYERS WILL BE IDENTIFIED THROUGH HABITAT CHARLOTTE REGION AND WILL HAVE AN AMI OF 30-80%. SALES PRICES WILL BE SET BY THE MARKET AND HABITAT CHARLOTTE REGION WILL SECURE AN AFFORDABLE MORTGAGE FOR THE HOMEBUYER TO ENSURE THAT HOUSING COSTS WILL NOT EXCEED 30% OF THE HOMEBUYER'S HOUSEHOLD INCOME. MORTGAGES ARE NOT EXPECTED TO EXCEED 360 MONTHS. MORTGAGE HOLDERS WILL RECEIVE ONGOING COMMUNICATIONS FROM HABITAT CHARLOTTE REGION, INVITATIONS TO WORKSHOPS, COMMUNITY MEETINGS, ETC. TO POSITION THEM TO THRIVE AS HOMEOWNERS.Expenses $303,873 · revenue $232,745
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 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 88-1413703
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $2,783,011
- Income (IRS master file)
- $385,821
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $229,692 | $320,569 | $2,783,011 | 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 88-1413703).
Questions about HCR-FC MARLBOROUGH WOODS
- What is the EIN of HCR-FC MARLBOROUGH WOODS?
- The employer identification number (EIN) of HCR-FC MARLBOROUGH WOODS is 88-1413703.
- Is HCR-FC MARLBOROUGH WOODS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to HCR-FC MARLBOROUGH WOODS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HCR-FC MARLBOROUGH WOODS 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 HCR-FC MARLBOROUGH WOODS 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 HCR-FC MARLBOROUGH WOODS 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 HCR-FC MARLBOROUGH WOODS?
- The 990 for the year ended December 31, 2024 names MARK TALBOT.
- Who are the officers and directors of HCR-FC MARLBOROUGH WOODS?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does HCR-FC MARLBOROUGH WOODS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $229,692, expenses of $320,569 and total assets of $2,783,011 at year end.
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