Form 990 for tax year 2022
Filed by TRI COUNTY REGIONAL DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $54,644
- Total expenses
- $145,263
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $53,112
- Investment income
- $1,532
- Other revenue
- $0
- Total assets, end of year
- $854,025
- Total liabilities, end of year
- $451,315
- Net assets or fund balances, end of year
- $402,710
- Program services expenses (Part IX)
- $125,359
- Management and general expenses
- $19,904
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $125,359
Program services were 86.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: Low income home rental
total $53,112 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,532 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $43,529 · program services $43,529 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $1,326 · program services $1,326 · management and general $0 · fundraising $0
-
16 · Occupancy
total $7,149 · program services $7,149 · management and general $0 · fundraising $0
-
20 · Interest
total $16,365 · program services $16,365 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $33,305 · program services $33,305 · management and general $0 · fundraising $0
-
23 · Insurance
total $22,588 · program services $22,588 · management and general $0 · fundraising $0
-
24a · Other expenses: Office Supplies
total $73 · program services $0 · management and general $73 · fundraising $0
-
24b · Other expenses: Equipment Rental
total $15,492 · program services $0 · management and general $15,492 · fundraising $0
-
24c · Other expenses: Postage
total $678 · program services $0 · management and general $678 · fundraising $0
-
24d · Other expenses: Misc Expense
total $3,090 · program services $0 · management and general $3,090 · fundraising $0
-
24e · All other expenses
total $1,668 · program services $1,097 · management and general $571 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $137,788 · end of year $119,709
-
7 · Other notes and loans receivable
beginning of year $149,957 · end of year $130,486
-
10a · Land, buildings and equipment: cost or other basis
$1,057,231
-
10b · Land, buildings and equipment: accumulated depreciation
$453,401
-
10c · Land, buildings and equipment, net
beginning of year $637,135 · end of year $603,830
-
19 · Deferred revenue
beginning of year $6,600 · end of year $10,000
-
23 · Secured mortgages and notes payable
beginning of year $424,950 · end of year $441,315
-
27 · Net assets without donor restrictions
beginning of year $493,330 · end of year $402,710
Mission and programs · 2022
Mission
To study the characteristics and market trends in relation to economic housing issues within the Waccamaw housing services to special needs population.
-
To provide low income housing to low income families.
Expenses $125,359 · Revenue $54,644
As filed on the 2022 return.
Listed in Part VII
-
Boykin Parson
Chairman
- Total calculated
- $0
- Hours/week
- 5
-
Doris Simmons
Vice Chair
- Total calculated
- $0
- Hours/week
- 5
-
Carlether Nesmith
Treasurer/Secretary
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202421039349300627
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