Nonprofit · EIN 99-0769568
EMPOWERMENT REAL ESTATE INC
Tax-exempt · CARROLLTON, TX 75006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $110,184 | $846,606 | -$736,422 | $16,972,704 | $14,474,296 | $2,498,408 |
| September 30, 2024 | 990 | $2,654,276 | $120,798 | $2,533,478 | $17,793,478 | $15,260,000 | $2,533,478 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $110,184
- Other revenue
- $110,184
Expenses
- Grants and similar amounts paid
- $183,938
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $645,182
- Program services (functional)
- $327,248
- Management and general (functional)
- $519,358
Balance sheet and other
- Total assets, start of year
- $17,793,478
- Total assets, end of year
- $16,972,704
- Total liabilities, end of year
- $14,474,296
- Net assets, end of year
- $2,498,408
- Land, buildings and equipment
- $4,828,353
- Net assets without donor restrictions
- $2,498,408
- Gross receipts
- $294,835
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2024
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| TRACY EUBANKS | Treasurer Trustee or director, Officer | 1 | $0 | $226,641 |
| GARY HANCOCK | CFO Officer | 1 | $0 | $129,661 |
| MIKE HARRIS | CDO Officer | 1 | $0 | $107,706 |
| SHELLIE RAYFORD | President Trustee or director, Officer | 1 | $0 | $0 |
| ANDY DASTUR | Director Trustee or director | 1 | $0 | $0 |
| LOU BRADY | Director Trustee or director | 1 | $0 | $0 |
| JEANNE CLARK | Director Trustee or director | 1 | $0 | $0 |
| JAMIE ROBERTSON | Director Trustee or director | 1 | $0 | $0 |
| BEV GRIMLEY | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TRACY EUBANKS | Treasurer Trustee or director, Officer | 1 | $0 | $247,300 | $20,588 |
| MIKE HARRIS | CDO Officer | 1 | $0 | $92,889 | $17,624 |
| SHELLIE RAYFORD | President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANDY DASTUR | Director Trustee or director | 1 | $0 | $0 | $0 |
| LOU BRADY | Director Trustee or director | 1 | $0 | $0 | $0 |
| JEANNE CLARK | Director Trustee or director | 1 | $0 | $0 | $0 |
| JAMIE ROBERTSON | Director Trustee or director | 1 | $0 | $0 | $0 |
| BEV GRIMLEY | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1145 N JOSEY LN, CARROLLTON, TX 75006-6129
- In care of
- % METROCREST SERVICES
- Principal officer (990 for 2024)
- SHELLIE RAYFORD, 1145 N JOSEY LANE, CARROLLTON, TX 75006
- Signed the 990
- GARY HANCOCK, CFO
- Phone
- (972) 446-2100
- Return prepared by
- Sutton Frost Cary LLP
Mission
The purpose of the organization is to further the charitable mission of Metrocrest Services by facilitating their participation in the federal New Markets Tax Credit program.
Program accomplishments
- Entered into a building operating lease as well as an equipment lease with Metrocrest Services so that Metrocrest may operate the building and improvements as a center for charitable services.Expenses $327,248 · grants $183,938 · revenue $110,184
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 99-0769568
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2024
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $16,972,704
- Income (IRS master file)
- $294,835
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $110,184 | $846,606 | $16,972,704 | XML |
| 990 | September 2024 | $2,654,276 | $120,798 | $17,793,478 | XML |
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 99-0769568).
Questions about EMPOWERMENT REAL ESTATE INC
- What is the EIN of EMPOWERMENT REAL ESTATE INC?
- The employer identification number (EIN) of EMPOWERMENT REAL ESTATE INC is 99-0769568.
- Is EMPOWERMENT REAL ESTATE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to EMPOWERMENT REAL ESTATE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does EMPOWERMENT REAL ESTATE 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 EMPOWERMENT REAL ESTATE INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EMPOWERMENT REAL ESTATE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of EMPOWERMENT REAL ESTATE INC?
- The 990 for the year ended September 30, 2025 names SHELLIE RAYFORD.
- Who are the officers and directors of EMPOWERMENT REAL ESTATE INC?
- The 990 for the year ended September 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does EMPOWERMENT REAL ESTATE INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $110,184, expenses of $846,606 and total assets of $16,972,704 at year end.
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