Nonprofit · EIN 95-2542353
STOVALL DEVELOPMENT CORPORATION
Tax-exempt · LOS ANGELES, CA 90007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,436,638 | $4,068,204 | $368,434 | $17,357,224 | $9,752,169 | $7,605,055 |
| June 30, 2024 | 990 | $4,222,403 | $3,068,353 | $1,154,050 | $17,230,834 | $9,994,213 | $7,236,621 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,435,046
- of which government grants
- $3,435,046
- Program service revenue
- $938,588
- Investment income
- $44,091
- Other revenue
- $18,913
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $4,068,204
Balance sheet and other
- Total assets, start of year
- $17,230,834
- Total assets, end of year
- $17,357,224
- Total liabilities, end of year
- $9,752,169
- Net assets, end of year
- $7,605,055
- Land, buildings and equipment
- $6,828,762
- Net assets without donor restrictions
- $7,605,055
- Gross receipts
- $4,436,638
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD WASHINGTON | President Trustee or director, Officer | 0 | $0 |
| LORETTA GILLETT | Vice President Trustee or director, Officer | 0 | $0 |
| ALICE SUTTON | Director Trustee or director | 0 | $0 |
| SOLOMON BANKS | Secretary Trustee or director, Officer | 0 | $0 |
| RENE ANDERSON | Director Trustee or director | 0 | $0 |
| QUAFORD COLEMAN | Director Trustee or director | 0 | $0 |
| REGINA DOBBINS | Director Trustee or director | 0 | $0 |
| EVA SUTTON | Director Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD WASHINGTON | President Trustee or director, Officer | 0 | $0 |
| LORETTA GILLETT | Vice President Trustee or director, Officer | 0 | $0 |
| ALICE SUTTON | Director Trustee or director | 0 | $0 |
| SOLOMON BANKS | Secretary Trustee or director, Officer | 0 | $0 |
| RENE ANDERSON | Director Trustee or director | 0 | $0 |
| QUAFORD COLEMAN | Director Trustee or director | 0 | $0 |
| REGINA DOBBINS | Director Trustee or director | 0 | $0 |
| EVA SUTTON | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3460 S BROADWAY, LOS ANGELES, CA 90007-4409
- Signed the 990
- RICHARD WASHINGTON, President
- Phone
- (323) 231-1104
- Return prepared by
- HODGES & HAMMONS CPAs INC
California records
California keeps its own records of charities and corporations. Search them by EIN 95-2542353 or by the name STOVALL DEVELOPMENT CORPORATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
ELDERLY TENANT ASSISTANCE PROG
Program accomplishments
- AFFORDABLE HOUSING.Expenses $4,068,204
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 95-2542353
- 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
- 1966
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L820)
- Assets (IRS master file)
- $17,357,224
- Income (IRS master file)
- $4,436,638
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,436,638 | $4,068,204 | $17,357,224 | XML |
| 990 | June 2024 | $4,222,403 | $3,068,353 | $17,230,834 | XML |
| 990 | June 2023 | $4,075,119 | $2,787,667 | $16,309,217 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 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 95-2542353).
Questions about STOVALL DEVELOPMENT CORPORATION
- What is the EIN of STOVALL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of STOVALL DEVELOPMENT CORPORATION is 95-2542353.
- Is STOVALL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
- Are donations to STOVALL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STOVALL DEVELOPMENT CORPORATION 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 STOVALL DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STOVALL DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of STOVALL DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does STOVALL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,436,638, expenses of $4,068,204 and total assets of $17,357,224 at year end.
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