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← GREENVILLE HOUSING FUND

Form 990 for tax year 2022

Filed by GREENVILLE HOUSING FUND.

Totals

Total revenue
$5,921,513
Total expenses
$1,748,525
Contributions and grants received
$5,813,278
Grants paid
$0
Program service revenue
-$97,103
Investment income
$16,338
Other revenue
$189,000
Total assets, end of year
$21,001,852
Total liabilities, end of year
$12,372,289
Net assets or fund balances, end of year
$8,629,563
Program services expenses (Part IX)
$1,510,110
Management and general expenses
$170,201
Fundraising expenses
$68,214
Program service expenses (Part III)
$1,510,110

Program services were 86.4% 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)

    $5,367,034

  • 1f · All other contributions, gifts and grants

    $446,244

  • 2a · Program service revenue: HOUSING INCOME

    total $133,486 · related or exempt $133,486

  • 2b · Program service revenue: INTEREST ON LOANS RECEIVABLE

    total $83,088 · related or exempt $83,088

  • 2c · Program service revenue: DEVELOPER FEES

    total $65,000 · related or exempt $65,000

  • 2d · Program service revenue: PROGRAM SERVICE FEES

    total $15,000 · related or exempt $15,000

  • 2e · Program service revenue: GAIN ON INVESTMENTS

    total -$393,677 · related or exempt -$393,677

  • 3 · Investment income

    total $16,338 · excluded $16,338

  • 11a · Other revenue: OTHER REVENUE

    total $189,000 · related or exempt $189,000

  • 11e · Other revenue, total

    $189,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $214,254 · program services $164,976 · management and general $36,423 · fundraising $12,855

  • 7 · Other salaries and wages

    total $630,171 · program services $482,419 · management and general $104,314 · fundraising $43,438

  • 11b · Fees: legal

    total $57,566 · program services $43,175 · management and general $11,513 · fundraising $2,878

  • 12 · Advertising and promotion

    total $18,086 · program services $9,043 · fundraising $9,043

  • 14 · Information technology

    total $16,989 · program services $13,591 · management and general $3,398

  • 16 · Occupancy

    total $23,517 · program services $18,814 · management and general $4,703

  • 17 · Travel

    total $9,353 · program services $7,015 · management and general $2,338

  • 20 · Interest

    total $77,242 · program services $77,242

  • 22 · Depreciation, depletion and amortization

    total $36,313 · program services $36,313

  • 23 · Insurance

    total $11,824 · program services $9,458 · management and general $2,366

  • 24a · Other expenses: PROPERTY MANAGEMENT

    total $369,147 · program services $369,147

  • 24b · Other expenses: PROGRAM COSTS

    total $173,750 · program services $173,750

  • 24c · Other expenses: PROVISION FOR LOAN LOSSES

    total $81,376 · program services $81,376

  • 24d · Other expenses: OTHER

    total $15,402 · program services $12,322 · management and general $3,080

  • 24e · All other expenses

    total $13,535 · program services $11,469 · management and general $2,066

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,637,740 · end of year $8,220,929

  • 7 · Other notes and loans receivable

    beginning of year $1,947,848 · end of year $2,621,093

  • 9 · Prepaid expenses and deferred charges

    beginning of year $59,760 · end of year $19,594

  • 10a · Land, buildings and equipment: cost or other basis

    $2,637,168

  • 10b · Land, buildings and equipment: accumulated depreciation

    $37,223

  • 10c · Land, buildings and equipment, net

    beginning of year $1,730 · end of year $2,599,945

  • 15 · Other assets

    beginning of year $2,572,158 · end of year $7,540,291

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,093

  • 19 · Deferred revenue

    beginning of year $6,255,094 · end of year $4,151,997

  • 23 · Secured mortgages and notes payable

    beginning of year $150,000 · end of year $8,220,292

  • 27 · Net assets without donor restrictions

    beginning of year $5,784,049 · end of year $8,629,563

Mission and programs · 2022

Mission

ENSURING GREENVILLE ACHIEVES HOUSING AFFORDABILITY SOLUTIONS TO MEET THE DIVERSE NEEDS OF OUR GROWING ECONOMY AND THRIVING COMMUNITY.

  • AS A CONVENER, ADVOCATE, INVESTOR, AND FUNDER, GHF ENGAGES WITH KEY PARTNERS, DEVELOPERS, ELECTED OFFICIALS, COMMUNITY STAKEHOLDERS, AND RESIDENTS TO INCREASE AND PRESERVE THE SUPPLY OF A VARIETY OF SAFE, ACCESSIBLE, HIGH-QUALITY, AFFORDABLE HOUSING CHOICES TO SUPPORT ECONOMIC GROWTH AND PROMOTE PROSPERITY FOR ALL CITIZENS THROUGHOUT GREENVILLE COUNTY. GHF SUPPORTED THE DEVELOPMENT AND PRESERVATION OF 225 UNITS OF AFFORDABLE HOUSING, COMPLETED A COMMUNITYWIDE AFFORDABLE HOUSING STRATEGIC PLAN, LAUNCHED THE GREENVILLE AFFORDABLE HOUSING COALITION TO SUPPORT ONGOING COMMUNITY EDUCATION, ADDED PARCELS TO OUR LAND BANK, AND SUPPORTED THE RENOVATION OF 9 OWNER-OCCUPIED SINGLE FAMILY HOMES THROUGH OUR HOMEOWNER PRESERVATION PROGRAM.

    Expenses $1,510,110 · Revenue -$97,103

As filed on the 2022 return.

Listed in Part VII

  • Bryan Brown

    PRESIDENT

    Total calculated
    $214,254
    From this org
    $214,254
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,254
    Bonus
    $35,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $214,254

  • Eleanor Dunlap

    GOVERNANCE C

    Total calculated
    $0
    Hours/week
    1

  • Matt Good

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Deb Long

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Deborah McKetty

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Diane Smock

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tamela Spann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ginny Stroud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bogue Wallin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Weidenbenner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
25 June 2024
IRS schema version
2022v5.0
Source object
202441779349301204

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