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Employer Identification Number 56-0988440

CAPITAL TOWERS INC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:CAPITAL TOWERS INC
Employer identification number (EIN):56-0988440
EIN Issuing AuthorityBrookhaven, NY
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationNorth Carolina, NC

Organization Overview

Mission StatementTO PROVIDE GOOD HOUSING AT AFFORDABLE RENTS FOR LOW TO MODERATE INCOME SENIORS AS A REFLECTION OF OUR LOVE FOR CHRIST.
Number of Employees0
Number of Volunteers6
Year Formed1969

Organization Governance

Legal DomicileNC
Voting Members - Governing Body6
Voting Members - Independent6

Organization Financials

2020-03-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ -154,688
Program Service Revenue from current yearUSD $ 6,170
Investment Income from prior yearUSD $ 22,766
Investment Income from current yearUSD $ -2,662,363
Other Revenue from prior yearUSD $ 240,775
Other Revenue from current yearUSD $ 968,293
Gross receipts from all sourcesUSD $ 5,375,081
Net assets / fund balances at end of fiscal yearUSD $ 299,167
Net assets / fund balances at beginning of fiscal yearUSD $ 3,160,549
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 503,535
Total assets at end of fiscal yearUSD $ 299,167
Total assets at beginning of fiscal yearUSD $ 3,664,084
Revenues less expenses for current yearUSD $ -2,861,382
Revenues less expenses for previous yearUSD $ -207,111
Total expenses for current yearUSD $ 1,173,482
Total expenses for previous yearUSD $ 315,964
Other expenses in current yearUSD $ 1,025,110
Other expenses in previous yearUSD $ 279,429
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 148,372
Employee salary and benefits paid in previous yearUSD $ 36,535
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ -1,687,900
Total revenue in previous fiscal yearUSD $ 108,853
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 63,068
2019-03-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 254,263
Program Service Revenue from current yearUSD $ -154,688
Investment Income from prior yearUSD $ 13,977
Investment Income from current yearUSD $ 22,766
Other Revenue from prior yearUSD $ 833
Other Revenue from current yearUSD $ 240,775
Gross receipts from all sourcesUSD $ 108,853
Net assets / fund balances at end of fiscal yearUSD $ 3,160,549
Net assets / fund balances at beginning of fiscal yearUSD $ 1,999,259
Total liabilities at end of fiscal yearUSD $ 503,535
Total liabilities at beginning of fiscal yearUSD $ 200,000
Total assets at end of fiscal yearUSD $ 3,664,084
Total assets at beginning of fiscal yearUSD $ 2,199,259
Revenues less expenses for current yearUSD $ -207,111
Revenues less expenses for previous yearUSD $ 266,302
Total expenses for current yearUSD $ 315,964
Total expenses for previous yearUSD $ 3,271
Other expenses in current yearUSD $ 279,429
Other expenses in previous yearUSD $ 3,271
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 36,535
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 108,853
Total revenue in previous fiscal yearUSD $ 269,573
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 500
Total of other revenueUSD $ 14,360
2018-03-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 484,690
Program Service Revenue from current yearUSD $ 254,263
Investment Income from prior yearUSD $ 11,965
Investment Income from current yearUSD $ 13,977
Other Revenue from prior yearUSD $ 814
Other Revenue from current yearUSD $ 833
Gross receipts from all sourcesUSD $ 269,573
Net assets / fund balances at end of fiscal yearUSD $ 1,999,259
Net assets / fund balances at beginning of fiscal yearUSD $ 1,732,957
Total liabilities at end of fiscal yearUSD $ 200,000
Total liabilities at beginning of fiscal yearUSD $ 200,833
Total assets at end of fiscal yearUSD $ 2,199,259
Total assets at beginning of fiscal yearUSD $ 1,933,790
Revenues less expenses for current yearUSD $ 266,302
Revenues less expenses for previous yearUSD $ 497,399
Total expenses for current yearUSD $ 3,271
Total expenses for previous yearUSD $ 70
Other expenses in current yearUSD $ 3,271
Other expenses in previous yearUSD $ 70
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 269,573
Total revenue in previous fiscal yearUSD $ 497,469
Contributions and grants from current yearUSD $ 500
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 833
2016-03-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 435,250
Investment Income from prior yearUSD $ 20
Investment Income from current yearUSD $ 11,212
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 447,902
Net assets / fund balances at end of fiscal yearUSD $ 1,235,558
Net assets / fund balances at beginning of fiscal yearUSD $ 790,088
Total liabilities at end of fiscal yearUSD $ 200,833
Total liabilities at beginning of fiscal yearUSD $ 833
Total assets at end of fiscal yearUSD $ 1,436,391
Total assets at beginning of fiscal yearUSD $ 790,921
Revenues less expenses for current yearUSD $ 445,470
Revenues less expenses for previous yearUSD $ -4,190
Total expenses for current yearUSD $ 2,432
Total expenses for previous yearUSD $ 4,375
Other expenses in current yearUSD $ 2,432
Other expenses in previous yearUSD $ 4,375
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 447,902
Total revenue in previous fiscal yearUSD $ 185
Contributions and grants from current yearUSD $ 1,440
Contributions and grants from previous yearUSD $ 165

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 560988440

USA Mailing Address
4812 Six Forks Road
Raleigh
NC
27609
Date first seen: 2007-01-01
Date last seen: 2024-08-31
USA Mailing Address
1004 BULLARD COURT NO 106
RALEIGH
NC
27615
Date first seen: 2007-01-01
Date last seen: 2024-08-31

EIN Events

Event Date Event description
2023-11-13Posting of automatic revocation of federal tax exempt status for not filing Form 990 return or notice for 3 consecutive years
2023-08-15Automatic revocation of federal tax exempt status for not filing Form 990 return or notice for 3 consecutive years
2015-03-31Form 990-N declaration of Gross Receipts Under $25,000 in tax year 2014

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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