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Roman Eagle Properties INC FY2021 filing

Tax-deductible

Danville, VA501(c)(3)Since 1983HousingEIN 52-1300826Revenue $301K in FY2021

On file with the IRS156 Forestdale Place, 24540-2100 · Danville, VATax-exempt since Aug 1983Publicly supported — 509(a)(2)

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To provide hud assisted housing to low income elderly

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $19K a year · 6% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
186% of total assets
Concern: liabilities are 186% of assets; over 80%.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$301K
+0.8% vs prior year
Spent
$300K
To programs
79%
Net assets
−$507K
By yearFY2020–FY2025
Revenue
$301K
FY2021▲ +0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$299K
FY2021$301K
FY2022$307K
FY2023$312K
FY2024$326K
FY2025$328K
Expenses
$300K
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$288K
FY2021$300K
FY2022$299K
FY2023$283K
FY2024$299K
FY2025$289K
Net assets
−$507K
FY2021+0.2%
Tap a bar for its year
Net assets by fiscal year
FY2020−$508K
FY2021−$507K
FY2022−$499K
FY2023−$470K
FY2024−$443K
FY2025−$404K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $237K Management & general 21% · $64K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Ricky Dix
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
David L Fuquay
Treasurer &
$0Pt VII · Sec A
Gerald Gibson
President
$0Pt VII · Sec A
Richard H Gunn
Second VP &
$0Pt VII · Sec A
H F Haymore
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Roman Eagle Properties INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable housing for low-income seniors in a 41-bed facility.

Questions for Roman Eagle Properties INC

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Provided by the organization

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1 program · $237K · in their own filed words · FY2021
01

Provide 41 units of hud assisted housing to low income elderly residents

$237Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$301K
Ln 12
Gifts and grantsLn 1h$182K
Other incomeLn 4–11$117K
Fees for servicesLn 2g$2K
Money outPt IX
$300K
Ln 25
Programscol B$237K
Managementcol C$64K
Owns and owesPt X
−$507K
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$590K
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$182K
Government grantsLn 1e$182K
Fees for servicesLn 2g$2K
Investment incomeLn 3$125
Other incomeLn 4–11$117K
Total revenueLn 12$301K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$23K
Cash and savings togetherLn 1–2$26K
Land, buildings, equipmentLn 10c$554K
Total assetsLn 16$590K
LiabilitiesLn 26$1.1M
Net assetsLn 32−$507K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$32K$26K
Land, buildings, equipmentLn 10c$596K$554K
Total assetsLn 16$638K$590K
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32−$508K−$507K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$41K$16K$25K
Payroll taxesLn 10$3K$1K$2K
Management feesLn 11a$21K$21K
Accounting feesLn 11c$10K$10K
Office expensesLn 13$6K$6K
OccupancyLn 16$165K$165K
InterestLn 20$1$1
Depreciation, depletion and amortizationLn 22$55K$55K
InsuranceLn 23$725$725
Other expenses (24a–d)Ln 24$25$25
Total functional expensesLn 25$300K$237K$64K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $328K$289K$39K−$404K 990 PDF
FY2024 $326K$299K$27K−$443K 990 PDF
FY2023 $312K$283K$29K−$470K 990 PDF
FY2022 $307K$299K$8K−$499K 990 PDF
FY2021 Viewing $301K$300K$817−$507K 990 PDF
FY2020 $299K$288K$11K−$508K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $301,127 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $189,428$181,855
I-9 Program service revenuePrior year $1,827$2,268
I-10 Investment incomePrior year $120$125
I-11 Other revenuePrior year $107,490$116,879
I-12 Total revenuePrior year $298,865$301,127
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $43,706$43,706
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $243,937$256,604
I-18 Total expensesPrior year $287,643$300,310
I-19 Revenue less expensesPrior year $11,222$817
Part VI · Governance 21 of 21 board members independent, 3 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $301,127 across 6 lines filed
VIII-1e Government grants$181,855
VIII-1h Total contributions, gifts and grants$181,855
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,268$2,268
VIII-3 Investment incomeRelated to mission $125$125
VIII-6 Net rental income or lossRelated to mission $116,879$116,879
VIII-12 Total revenueRelated to mission $119,272$301,127
Part IX · Statement of functional expenses $300,310 across 10 lines filed
IX-7 Other salaries and wagesPrograms $15,600 · Management $25,000$40,600
IX-10 Payroll taxesPrograms $1,193 · Management $1,913$3,106
IX-11a Management feesManagement $20,911$20,911
IX-11c Accounting feesManagement $9,650$9,650
IX-13 Office expensesManagement $5,584$5,584
IX-16 OccupancyPrograms $164,724$164,724
IX-20 InterestManagement $1$1
IX-22 Depreciation, depletion and amortizationPrograms $54,984$54,984
IX-23 InsuranceManagement $725$725
IX-24 Other expenses (24a–d)Programs $25$25
IX-25 Total functional expensesPrograms $236,526 · Management $63,784 · Fundraising $0$300,310
Part X · Balance sheet $590,298 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $968$3,392
X-2 Savings and temporary cash investmentsStart of year $31,521$22,568
X-4 Accounts receivable$116
X-9 Prepaid expenses and deferred chargesStart of year $9,432$9,799
X-10c Land, buildings and equipment, netStart of year $596,067$554,423
X-16 Total assetsStart of year $637,988$590,298
X-17 Accounts payable and accrued expensesStart of year $52,974$59,173
X-25 Other liabilitiesStart of year $10,846$10,857
X-26 Total liabilitiesStart of year $1,145,612$1,097,105
X-27 Net assets without donor restrictionsStart of year −$507,624−$506,807
X-32 Total net assets or fund balancesStart of year −$507,624−$506,807
X-33 Total liabilities and net assetsStart of year $637,988$590,298
Part XI · Reconciliation of net assets −$506,807 net assets at year end
XI-1 Total revenue$301,127
XI-2 Total expenses$300,310
XI-3 Revenue less expenses$817
XI-4 Net assets at start of year−$507,624
XI-10 Net assets at end of year−$506,807

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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