Form 990 for tax year 2023
Filed by SANTEE LYNCHES AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT CORP.
Totals
- Total revenue
- $3,530,397
- Total expenses
- $3,782,941
- Contributions and grants received
- $218,250
- Grants paid
- $0
- Program service revenue
- $3,252,208
- Investment income
- $24,935
- Other revenue
- $35,004
- Total assets, end of year
- $20,693,796
- Total liabilities, end of year
- $6,716,028
- Net assets or fund balances, end of year
- $13,977,768
- Program services expenses (Part IX)
- $3,611,290
- Management and general expenses
- $159,484
- Fundraising expenses
- $12,167
- Program service expenses (Part III)
- $3,611,290
Program services were 95.5% 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.
-
1e · Government grants (contributions)
$216,000
-
1f · All other contributions, gifts and grants
$2,250
-
2a · Program service revenue: RENTAL FEES
total $3,251,048 · related or exempt $3,251,048
-
2b · Program service revenue: DEVELOPER AND MANAGEMENT FEES
total $1,160 · related or exempt $1,160
-
3 · Investment income
total $916 · excluded $916
-
7a · Gross sales of assets other than inventory
other assets $54,132
-
7b · Less cost or other basis and sales expenses
other assets $30,113
-
7c · Gain or loss
other assets $24,019
-
7d · Net gain or loss
total $24,019 · excluded $24,019
-
11a · Other revenue: OTHER INCOME
total $35,004 · excluded $35,004
-
11e · Other revenue, total
$35,004
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $336,973 · program services $303,276 · management and general $25,799 · fundraising $7,898
-
8 · Pension plan contributions
total $95,845 · management and general $95,845
-
9 · Other employee benefits
total $19,818 · program services $17,836 · management and general $1,517 · fundraising $465
-
10 · Payroll taxes
total $27,849 · program services $25,064 · management and general $2,132 · fundraising $653
-
11c · Fees: accounting
total $12,265 · management and general $12,265
-
13 · Office expenses
total $106,797 · program services $96,480 · management and general $8,181 · fundraising $2,136
-
16 · Occupancy
total $40,932 · program services $36,978 · management and general $3,135 · fundraising $819
-
17 · Travel
total $8,004 · program services $8,004
-
19 · Conferences, conventions and meetings
total $3,943 · management and general $3,943
-
20 · Interest
total $228,682 · program services $227,382 · management and general $1,300
-
22 · Depreciation, depletion and amortization
total $658,999 · program services $658,229 · management and general $616 · fundraising $154
-
23 · Insurance
total $178,511 · program services $173,894 · management and general $4,617
-
24a · Other expenses: RENTAL UNITS EXPENSES
total $2,062,511 · program services $2,062,511
-
24b · Other expenses: MISCELLANEOUS
total $1,812 · program services $1,636 · management and general $134 · fundraising $42
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,356,712 · end of year $767,572
-
2 · Savings and temporary cash investments
end of year $104,885
-
4 · Accounts receivable
end of year $9,661
-
9 · Prepaid expenses and deferred charges
beginning of year $17,091 · end of year $9,101
-
10a · Land, buildings and equipment: cost or other basis
$27,610,815
-
10b · Land, buildings and equipment: accumulated depreciation
$10,385,729
-
10c · Land, buildings and equipment, net
beginning of year $17,489,041 · end of year $17,225,086
-
15 · Other assets
beginning of year $2,577,491 · end of year $2,577,491
-
17 · Accounts payable and accrued expenses
beginning of year $10,790 · end of year $14,190
-
23 · Secured mortgages and notes payable
beginning of year $6,560,385 · end of year $6,331,136
-
25 · Other liabilities
beginning of year $638,848 · end of year $370,702
-
27 · Net assets without donor restrictions
beginning of year $11,829,098 · end of year $11,576,554
-
28 · Net assets with donor restrictions
beginning of year $2,401,214 · end of year $2,401,214
Mission and programs · 2023
Mission
WE ARE INDEPENDENT, COMMUNITY BASED, NONPROFIT WITH A MISSION TO ENHANCE COMMUNITIES BY PROVIDING QUALITY, SAFE, DECENT AND AFFORDABLE HOUSING, AND OTHER FORMS OF ECONOMIC OPPORTUNITIES THAT BENEFIT LOW (CONT. ON SCH. O)
-
THE CDC IS A PRIVATE, INDEPENDENT COMMUNITY BASED, NOT-FOR-PROFIT WITH A 18 COUNTY SERVICE AREA. SANTEE LYNCHES HAS AN IRS 501(C)3 DESIGNATION AND IS A RECOGNIZED STATE AND LOCAL COMMUNITY HOUSING DEVELOPMENT ORGANIZATION. THE FOCUS OF THE ORGANIZATION IS RENEWABLE ENERGY AND INNOVATIVE HOUSING DEVELOPMENT THAT MOVE FAMILES TOWARD HOMEOWNWERSHIP. RENTAL PROGRAM SANTEE-LYNCHES RENTS QUALITY, SAFE, DECENT AND AFFORDABLE APARTMENTS AND HOUSES TO ELIGIBLE LOW TO MODERATE INCOME HOUSEHOLDS. TO BE ELIGIBLE, HOUSEHOLDS MUST FALL WITHIN THE INCOME GUIDELINES ESTABLISHED BY HUD PER HOUSEHOLD SIZE. CONTINUED AT SCHEDULE O
Expenses $3,611,290 · Revenue $3,252,208
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Paul RobbinsPAUL ROBBINS
CHAIRPERSON
- Total calculated
- $0
-
Shirley KeelsSHIRLEY KEELS
SECRETARY/TR
- Total calculated
- $0
-
John ClintonJOHN CLINTON
VICE CHAIRPE
- Total calculated
- $0
-
Elijah DinkinsELIJAH DINKINS
BOARD MEMBER
- Total calculated
- $0
-
Yvette ThomasYVETTE THOMAS
BOARD MEMBER
- Total calculated
- $0
-
Emanuel SimonEMANUEL SIMON
BOARD MEMBER
- Total calculated
- $0
-
Karen SmithKAREN SMITH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 45
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
- 2023
- Filed
- 7 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423129349302907
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