Kingsport Residential Development Corporation in Gray, Tennessee (TN)

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Kingsport Residential Development Corporation
Employer Identification Number (EIN)581988707
Name of OrganizationKingsport Residential Development Corporation
In Care of NameRainbow Homes Inc
AddressPO BOX 9054, Gray, TN 37615-9054
ActivitiesLow income housing
SubsectionCharitable Organization
Ruling Date06/1992
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$377,271
Amount of Income$44,790
Form 990 Revenue Amount$44,790
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: American Red Cross


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Amount of income in 2012: $44,790 (it was $40,709 in 2011)
Kingsport Residential Development Corporation: 

 $44,790
Other organizations performing similar types of work: 

 $378,027

Assets in 2012: $377,271 (it was $382,770 in 2011)
This organization: 

 $377,271
Other organizations performing similar types of work: 

 $377,271

Financial snapshot ($)

Revenue for 2012

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$44,790
Contributions, gifts, grants, and similar amounts received$716
Program service revenue including government fees and contracts$44,068
Membership dues and assessments$0
Investment income$6
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$63,773
Total net assets$289,156
Deficit for the year$-18,983
Net assets or fund balances at beginning of year$308,139
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$377,271
Total liabilities$88,115
Net assets or fund balances$289,156
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$195,618
Gifts, grants, contributions, and membership fees received$195,381
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$237
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Cottingham Retirement Community330 Straight St Ste 330, Cincinnati, OH 45219-1193OH1993-04$10,113,291
2Neighborhood Development Center Inc663 University Avenue Suite 200, St Paul, MN 55104-5097MN1993-05$3,666,009
3Outreach Housing Corporation18208 Preston Rd Ste 9, Dallas, TX 75252TX1992-11$3,124,469
4Housing Development Corporation Of The Clinch Valley795 Womain St, Oak Ridge, TN 37830TN1993-02$1,600,053
5Construction Works Of Wv Inc600 Leon Sullivan Way, Charleston, WV 25301-1219WV1991-07$666,850
6Center For Independent Living Of Southwest Florida Inc2321 Bruner Ln, Fort Myers, FL 33912-1904FL1992-10$607,996
7Restore Hope Orlando IncPO BOX 568606, Orlando, FL 32856-8606FL1993-01$378,027
8Grandville Friendship Homes IncPO BOX 551, Grandville, MI 49468-0551MI1993-02$222,610
9Four Seasons Community Housing Inc, C-O Westminster Corporation328 Kellogg Blvd W, Saint Paul, MN 55102-1900MN1993-07$58,891
10Mcdowell Senior Citizens-Community Center IncPo Box 835, Mc Dowell, KY 41647KY1993-12$55,699
11Kingsport Residential Development CorporationPO BOX 9054, Gray, TN 37615-9054TN1992-06$44,790
12Main Street Ozark IncF00 West Commercial, Ozark, AR 72949AR1993-07$42,365
13Billings Community Housing Resource Boar, Billings Community Housing Resource1643 24th St W, Billings, MT 59102-2677MT1993-07$0
14Mayberry Game Protective Association Scholorship Fund1715 Richardson Road, Westminster, MD 21158MD1990-10$0
Number of organizations performing similar types of work
Arkansas1
Colorado2
Florida3
Georgia1
Kansas1
Kentucky1
Maryland1
Michigan1
Minnesota2
Montana1
North Carolina2
Ohio1
Oregon1
South Carolina1
Tennessee2
Texas1
Virginia1
West Virginia1
Total24

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