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Nonprofit · EIN 99-1184042

RUSSELL A PLACE OF PROMISE

Tax-exempt · LOUISVILLE, KY 40203

Financials

$0$02023$3.2M$728K2024
Revenue Expenses · by fiscal year end
Financials of RUSSELL A PLACE OF PROMISE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$3,160,925$728,439$2,432,486$4,309,995$123,300$4,186,695
June 30, 2024990$0$0$0$1,759,409$5,200$1,754,209
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$3,070,814
of which government grants
$1,730,000
Program service revenue
$0
Investment income
$90,111
Other revenue
$0

Expenses

Grants and similar amounts paid
$280,000
Other salaries and wages
$2,541
Salaries, compensation and benefits (total)
$2,541
Professional fundraising fees
$0
Occupancy
$13,840
Travel
$6,545
Program services (functional)
$443,438
Management and general (functional)
$284,948
Fundraising (functional)
$53

Balance sheet and other

Total assets, start of year
$1,759,409
Total assets, end of year
$4,309,995
Total liabilities, end of year
$123,300
Net assets, end of year
$4,186,695
Gross receipts
$3,160,925
Employees
0
Volunteers
30
Year formed
2023
State of legal domicile
KY

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.

NameTitleHours / weekCompensation
NAELA IMANYARA SERIKALICO-CHAIR
Trustee or director, Officer
2$0
FRANK MCNEIL JRCO-CHAIR
Trustee or director, Officer
2$0
ANTONIO READUSSECRETARY, GOVERNANCE COMMITTEE CHAIR
Trustee or director, Officer
2$0
CHARIKA HUGHESTREASURER, FINANCE COMMITTEE CHAIR
Trustee or director, Officer
2$0
CHARLENE KIMBRODIRECTOR
Trustee or director
2$0
JASMINE TODDREAL ESTATE COMMITTEE CO-CHAIR
Trustee or director, Officer
2$0
JASMINE REEDDIRECTOR
Trustee or director
2$0
ZAHARA GULLYDIRECTOR
Trustee or director
2$0
MIA THOMPSONDIRECTOR
Trustee or director
2$0
RICHARD BALLARDDIRECTOR
Trustee or director
2$0
DR GABERIEL JONESDIRECTOR
Trustee or director
2$0
BEVERLEY SWEENEY-SHEPPARDDIRECTOR
Trustee or director
2$0
MARTINA SURMADIRECTOR
Trustee or director
2$0
JAILEN LEAVELLFUND DEVELOPMENT COMMITTEE CHAIR
Trustee or director, Officer
2$0
LEAH PEALEREAL ESTATE COMMITTEE CO-CHAIR
Trustee or director, Officer
2$0
2 more people on this return
NameTitleHours / weekCompensation
CASSANDRA WEBBCO-EXECUTIVE DIRECTOR
Trustee or director, Officer
40$0
THERESA ZAWACKICO-EXECUTIVE DIRECTOR
Trustee or director, Officer
40$0
990 for the year ended June 30, 2024: 11 people
NameTitleHours / weekCompensation
THERESA ZAWACKICO-EXECUTIVE DIRECTOR
Trustee or director, Officer
40$0
CHARLENE KIMBROSECRETARY
Trustee or director, Officer
4$0
DR GABE JONESTREASURER
Trustee or director, Officer
4$0
FRANK MCNEILCO-CHAIR
Trustee or director, Officer
4$0
NAELA IMANYARA SERAKALICO-CHAIR
Trustee or director, Officer
4$0
ZAHARA GULLYDIRECTOR
Trustee or director
4$0
NZINGHA BEVERLEY-SWEENEY-SHEPPARDDIRECTOR
Trustee or director
4$0
ANTONIO READUSDIRECTOR
Trustee or director
4$0
COLBY BENTLEYDIRECTOR
Trustee or director
4$0
JACQUELINE FLOYDDIRECTOR
Trustee or director
4$0
CASSANDRA WEBBCO-EXECUTIVE DIRECTOR
Trustee or director, Officer
40$0

Address and contacts

Address (IRS master file)
1718 W MUHAMMAD ALI BLVD, LOUISVILLE, KY 40203-1657
In care of
% THERESA ZAWACKI
Principal officer (990 for 2024)
CHARIKA HUGHES, 1718 WEST MUHAMMAD ALI BOULEVARD, LOUISVILLE, KY 40203
Signed the 990
CHARIKA HUGHES, TREASURER
Phone
(502) 444-5895
Return prepared by
HARDING SHYMANSKI & CO PSC

Mission

TO INVEST IN THE PEOPLE AND PLACES OF LOUISVILLE'S HISTORICALLY BLACK RUSSELL NEIGHBORHOOD WITH THE GOAL OF BUILDING PATHWAYS FOR RESIDENT LEADERSHIP AND WEALTH CREATION FOR NEIGHBORHOOD RESIDENTS AND BLACK FAMILIES, AND TO PROTECT RESIDENTS, BUSINESSES AND COMMUNITY INSTITUTIONS FROM RESIDENT DISPLACEMENT.

990 for the year ended June 30, 2025

Program accomplishments

  • RUSSELL A PLACE OF PROMISE (RPOP) IS INCORPORATED AS A COMMUNITY LAND TRUST. PLANS ARE BEING MADE TO UNDERTAKE NEW HOME CONSTRUCTION, INCLUDING THE CONSTRUCTION OF SINGLE FAMILY, FOR SALE AFFORDABLE HOMES TO BE PERMANENTLY STEWARDED BY RPOP. PARTNERSHIPS ARE BEING DEVELOPED TO ACCELERATE THESE INVESTMENTS AND RPOP EXPECTS TO HAVE BETWEEN 10-30 PROPERTIES IN ITS PORTFOLIO WITHIN THE NEXT 78 MONTHS. RPOP HAS BEEN DEVELOPING THE NECESSARY POLICIES AND PROCESSES TO SUPPORT THIS INVESTMENT. RPOP IS SEEKING GRANTS, DONATIONS AND CONVENTIONAL MARKET FINANCING FOR THIS ACTIVITY, AND PARTICIPATED IN THE LOUISVILLE LISC EMERGING DEVELOPERS PROGRAM TO BUILD RELATIONSHIPS WITH OTHER EMERGING DEVELOPERS AND EXPAND ITS NETWORK. THIS BODY OF WORK IS IN THE PLANNING STAGE.
    Expenses $343,438 · grants $180,000
  • CAMPUS DEVELOPMENT AT A 5-ACRE PROPERTY THAT RPOP WILL ACQUIRE FROM LOUISVILLE METRO GOVERNMENT. THIS PROJECT WILL INCLUDE OFFICE, RETAIL, RESTAURANT, RECREATION, CULTURAL SPACE, AFFORDABLE HOUSING, COMMUNITY SERVICES, AND SIMILAR AMENITIES TO SUPPORT THE RUSSELL COMMUNITY AND OTHERS. RPOP WILL CONSIDER THE FEASIBILITY OF HOLDING PORTIONS OF THIS DEVELOPMENT IN ITS COMMUNITY LAND TRUST TO PRESERVE AFFORDABLE HOUSING AND BUSINESS SPACE FOR THE NEIGHBORHOOD, BUT REGARDLESS, WILL SEEK TO SET RENTAL RATES THAT ARE AFFORDABLE TO RUSSELL RESIDENTS AND BUSINESS OWNERS. RPOP HAS RETAINED A DEVELOPMENT ADVISOR, PREPARED A DRAFT BUDGET FOR THE FIRST PHASES OF THE PROJECT, AND IS WORKING TOWARD SECURING LETTERS OF INTENT WITH TENANTS FOR THE FIRST PHASE AND EXECUTING A DEVELOPMENT AGREEMENT WITH LOUISVILLE METRO GOVERNMENT THAT WILL PROVIDE A PATHWAY TO LAND OWNERSHIP. RPOP WILL SEEK GRANTS, DONATIONS AND CONVENTIONAL MARKET FINANCING FOR THIS ACTIVITY, AND WILL BE ATTENDING THE NOVOGRADIC NEW MARKET TAX CREDIT CONFERENCE IN OCTOBER TO PRESENT THE PROJECT TO POTENTIAL INVESTORS. THIS BODY OF WORK IS IN THE PLANNING STAGE. BOARD DEVELOPMENT AND TRAINING, INCLUDING THE DEVELOPMENT OF A STRATEGIC PLAN TO GUIDE RPOP FOR THE FIRST 3 YEARS OF ITS EXISTENCE AS A NONPROFIT. BOARD MEMBERS HAVE TAKEN PART IN TRAININGS OFFERED LOCALLY AND NATIONALLY ON TOPICS RELATED TO GOVERNANCE AND RESPONSIBILITY AS A BOARD MEMBER; REAL ESTATE FINANCE AND DEVELOPMENT, FUNDRAISING, AND SUCCESSION PLANNING.
  • RPOP PROVIDED A $100,000 SUBGRANT TO THE CENTER FOR ENTREPRENEURSHIP IN PROVIDING COACHING AND DIRECT TECHNICAL ASSISTANCE TO BLACK BUSINESS OWNERS AND ENTREPRENEURS.
    Expenses $100,000 · grants $100,000

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
99-1184042
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
2024
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,309,995
Income (IRS master file)
$3,160,925

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$3,160,925$728,439$4,309,995XML
990June 2024$0$0$1,759,409XML

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 99-1184042).

Questions about RUSSELL A PLACE OF PROMISE

What is the EIN of RUSSELL A PLACE OF PROMISE?
The employer identification number (EIN) of RUSSELL A PLACE OF PROMISE is 99-1184042.
Is RUSSELL A PLACE OF PROMISE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to RUSSELL A PLACE OF PROMISE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RUSSELL A PLACE OF PROMISE 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 RUSSELL A PLACE OF PROMISE 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 RUSSELL A PLACE OF PROMISE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of RUSSELL A PLACE OF PROMISE?
The 990 for the year ended June 30, 2025 names CHARIKA HUGHES.
Who are the officers and directors of RUSSELL A PLACE OF PROMISE?
The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
How much revenue does RUSSELL A PLACE OF PROMISE have?
On its 990 for the year ended June 30, 2025 it reported revenue of $3,160,925, expenses of $728,439 and total assets of $4,309,995 at year end.

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