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Stovall Development Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Housing Expense Reduction Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$4.22M (2024)

Expenses
$3.07M (2024)

Total Assets
$17.2M (2024)

Total Liabilities
$9.99M (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,222,403
Expenses
$3,068,353
Net Income
$1,154,050
Net Assets
$7,236,621
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,404,610
80.6%
Program Services $753,426
17.8%
Investment Income $52,475
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,892
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $17,230,834
Total Liabilities $9,994,213
Net Assets $7,236,621
Compensation
Key Employees and Officers Compensation Related Other
Richard Washington (President) $0 $0 $0
Loretta Gillett (Vice President) $0 $0 $0
Alice Sutton (Director) $0 $0 $0
Solomon Banks (Secretary) $0 $0 $0
Rene Anderson (Director) $0 $0 $0
Quaford Coleman (Director) $0 $0 $0
Regina Dobbins (Director) $0 $0 $0
Eva Sutton (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,075,119
Expenses
$2,787,667
Net Income
$1,287,452
Net Assets
$6,082,571
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,199,324
78.5%
Program Services $842,538
20.7%
Investment Income $22,708
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,549
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $203,826
7.3%
Assets/Debt
Total Assets $16,309,217
Total Liabilities $10,226,646
Net Assets $6,082,571
Compensation
Key Employees and Officers Compensation Related Other
Richard Washington (President) $0 $0 $0
Loretta Gillett (Vice President) $0 $0 $0
Alice Sutton (Director) $0 $0 $0
Solomon Banks (Secretary) $0 $0 $0
Rene Anderson (Director) $0 $0 $0
Quaford Coleman (Director) $0 $0 $0
Regina Dobbins (Director) $0 $0 $0
Eva Sutton (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,956,852
Expenses
$2,578,075
Net Income
$1,378,777
Net Assets
$4,795,119
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,127,644
79.0%
Program Services $769,839
19.5%
Investment Income $2,219
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $57,150
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $173,479
6.7%
Assets/Debt
Total Assets $15,224,162
Total Liabilities $10,429,043
Net Assets $4,795,119
Compensation
Key Employees and Officers Compensation Related Other
Richard Washington (President) $0 $0 $0
Loretta Gillett (Vice President) $0 $0 $0
Alice Sutton (Director) $0 $0 $0
Solomon Banks (Secretary) $0 $0 $0
Rene Anderson (Director) $0 $0 $0
Quaford Coleman (Director) $0 $0 $0
Regina Dobbins (Director) $0 $0 $0
Eva Sutton (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,447,103
Expenses
$2,471,605
Net Income
$1,975,498
Net Assets
$3,416,342
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,672,648
82.6%
Program Services $764,256
17.2%
Investment Income $1,213
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,986
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $192,275
7.8%
Assets/Debt
Total Assets $14,125,179
Total Liabilities $10,708,837
Net Assets $3,416,342
Compensation
Key Employees and Officers Compensation Related Other
Richard Washington (President) $0 $0 $0
Loretta Gillett (Vice President) $0 $0 $0
Alice Sutton (Director) $0 $0 $0
Solomon Banks (Secretary) $0 $0 $0
Rene Anderson (Director) $0 $0 $0
Quaford Coleman (Director) $0 $0 $0
Regina Dobbins (Director) $0 $0 $0
Eva Sutton (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,530,087
Expenses
$2,435,093
Net Income
$94,994
Net Assets
$1,440,844
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,751,339
69.2%
Program Services $751,843
29.7%
Investment Income $12,839
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,066
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $324,864
13.3%
Assets/Debt
Total Assets $12,359,205
Total Liabilities $10,918,361
Net Assets $1,440,844
Compensation
Key Employees and Officers Compensation Related Other
Richard Washington (President) $0 $0 $0
Loretta Gillett (Vice President) $0 $0 $0
Lou Vary (Treasurer) $0 $0 $0
Solomon Banks (Secretary) $0 $0 $0
Rene Combs Anderson (Director) $0 $0 $0
Quaford Coleman (Director) $0 $0 $0
Regina Dobbins (Director) $0 $0 $0
Eva Sutton (Director) $0 $0 $0
Naomi Johnson (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,441,348
Expenses
$2,362,265
Net Income
$79,083
Net Assets
$1,345,850
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,693,285
69.4%
Program Services $734,717
30.1%
Investment Income $5,716
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,630
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $325,748
13.8%
Assets/Debt
Total Assets $12,411,754
Total Liabilities $11,065,904
Net Assets $1,345,850
Compensation
Key Employees and Officers Compensation Related Other
Richard Washington (President) $0 $0 $0
Loretta Gillett (Vice President) $0 $0 $0
Lou Vary (Treasurer) $0 $0 $0
Solomon Banks (Secretary) $0 $0 $0
Rene Combs Anderson (Director) $0 $0 $0
Quaford Coleman (Director) $0 $0 $0
Regina Dobbins (Director) $0 $0 $0
Eva Sutton (Director) $0 $0 $0
Naomi Johnson (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,411,385
Expenses
$2,530,860
Net Income
-$119,475
Net Assets
$1,266,767
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,688,002
70.0%
Program Services $713,073
29.6%
Investment Income $1,231
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,079
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $301,908
11.9%
Assets/Debt
Total Assets $12,575,226
Total Liabilities $11,308,459
Net Assets $1,266,767
Compensation
Key Employees and Officers Compensation Related Other
Richard Washington (President) $0 $0 $0
Loretta Gillett (Vice President) $0 $0 $0
Lou Vary (Treasurer) $0 $0 $0
Solomon Banks (Secretary) $0 $0 $0
Rene Combs Anderson (Director) $0 $0 $0
Quaford Coleman (Director) $0 $0 $0
Regina Dobbins (Director) $0 $0 $0
Eva Sutton (Director) $0 $0 $0
Naomi Johnson (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,365,389
Expenses
$2,382,335
Net Income
-$16,946
Net Assets
$1,386,243
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,653,518
69.9%
Program Services $701,332
29.6%
Investment Income $722
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,817
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $294,844
12.4%
Assets/Debt
Total Assets $12,844,250
Total Liabilities $11,458,007
Net Assets $1,386,243
Compensation
Key Employees and Officers Compensation Related Other
Richard Washington (President) $0 $0 $0
Loretta Gillett (Vice President) $0 $0 $0
Lou Vary (Treasurer) $0 $0 $0
Solomon Banks (Secretary) $0 $0 $0
Rene Combs Anderson (Director) $0 $0 $0
Quaford Coleman (Director) $0 $0 $0
Regina Dobbins (Director) $0 $0 $0
Eva Sutton (Director) $0 $0 $0
Naomi Johnson (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,330,866
Expenses
$2,365,837
Net Income
-$34,971
Net Assets
$1,403,190
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,607,309
69.0%
Program Services $708,943
30.4%
Investment Income $1,151
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,463
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $255,026
10.8%
Assets/Debt
Total Assets $13,844,221
Total Liabilities $12,441,031
Net Assets $1,403,190
Compensation
Key Employees and Officers Compensation Related Other
Richard Washington (President) $0 $0 $0
Loretta Gillett (Vice President) $0 $0 $0
Lou Vary (Treasurer) $0 $0 $0
Solomon Banks (Secretary) $0 $0 $0
Rene Combs Anderson (Director) $0 $0 $0
Quaford Coleman (Director) $0 $0 $0
Regina Dobbins (Director) $0 $0 $0
Eva Sutton (Director) $0 $0 $0
Naomi Johnson (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,106,101
Expenses
$1,811,502
Net Income
$294,599
Net Assets
$1,438,161
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,441,688
68.5%
Program Services $651,640
30.9%
Investment Income $4,845
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,928
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $215,603
11.9%
Assets/Debt
Total Assets $13,201,554
Total Liabilities $11,763,393
Net Assets $1,438,161
Compensation
Key Employees and Officers Compensation Related Other
Loretta Gillett (Director) $0 $0 $0
Richard Washington (Vice President) $0 $0 $0
Rene Combs Anderson (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,823,494
Expenses
$1,695,990
Net Income
$127,504
Net Assets
$1,143,561
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,131,840
62.1%
Program Services $691,654
37.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $226,724
13.4%
Assets/Debt
Total Assets $8,803,993
Total Liabilities $7,660,432
Net Assets $1,143,561
Compensation
Key Employees and Officers Compensation Related Other
Richard Washington (Vice President) $0 $0 $0
Rene Combs Anderson (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,864,499
Expenses
$1,768,556
Net Income
$95,943
Net Assets
$1,016,057
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,152,810
61.8%
Program Services $696,612
37.4%
Investment Income $5,477
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,600
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $234,890
13.3%
Assets/Debt
Total Assets $8,824,399
Total Liabilities $7,808,342
Net Assets $1,016,057

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,887,771
Expenses
$1,956,646
Net Income
-$68,875
Net Assets
$920,114
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,220,009
64.6%
Program Services $645,527
34.2%
Investment Income $8,891
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,344
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $124,883
6.4%
Assets/Debt
Total Assets $8,972,940
Total Liabilities $8,052,826
Net Assets $920,114

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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