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Nonprofiteer
← THE HOUSING DEVELOPMENT CORPORATION OF ROCK HILL

Form 990 for tax year 2022

Filed by THE HOUSING DEVELOPMENT CORPORATION OF ROCK HILL.

Totals

Total revenue
$1,103,143
Total expenses
$825,057
Contributions and grants received
$1,102,907
Grants paid
$0
Program service revenue
$0
Investment income
$236
Other revenue
$0
Total assets, end of year
$5,279,448
Total liabilities, end of year
$1,471,114
Net assets or fund balances, end of year
$3,808,334
Program services expenses (Part IX)
$825,057
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$825,057

Program services were 100.0% 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)

    $1,089,078

  • 1f · All other contributions, gifts and grants

    $13,829

  • 3 · Investment income

    total $236 · related or exempt $236

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: HOUSING REHAB & ASSISTANC

    total $825,057 · program services $825,057

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $984,416 · end of year $1,124,861

  • 4 · Accounts receivable

    beginning of year $111,424 · end of year $48,287

  • 7 · Other notes and loans receivable

    beginning of year $687,888 · end of year $457,103

  • 13 · Investments: program-related

    beginning of year $3,395,785 · end of year $3,649,197

  • 17 · Accounts payable and accrued expenses

    beginning of year $961,377 · end of year $1,014,011

  • 19 · Deferred revenue

    beginning of year $687,888 · end of year $457,103

  • 27 · Net assets without donor restrictions

    beginning of year $3,530,248 · end of year $3,808,334

Mission and programs · 2022

Mission

THE ORGANIZATION HELPS LOW AND MODERATE INCOME PERSONS BECOME HOMEOWNERS BY BUYING HOMES, SELLING THEM TO INCOME-QUALIFIED BUYERS AND REUSING SALES PROCEEDS TO BUILD MORE HOMES. THE ORGANIZATION ALSO CONDUCTS PRE-PURCHASE FINANCIAL COUNSELING AND OFFERS DOWN PAYMENT AND CLOSING COST ASSISTANCE FUNDED BY FEDERAL GRANTS. IT ALSO USES COMMUNITY DEVELOPMENT BLOCK GRANT FUNDING TO REHABILITATE OWNER-OCCUPIED OLDER HOMES.

  • THE ORGANIZATION HELPS LOW AND MODERATE INCOME PERSONS BECOME HOMEOWNERS BY BUYING HOMES, SELLING THEM TO INCOME-QUALIFIED BUYERS AND REUSING SALES PROCEEDS TO BUILD MORE HOMES. THE ORGANIZATION ALSO CONDUCTS PRE-PURCHASE FINANCIAL COUNSELING AND OFFERS DOWN PAYMENT AND CLOSING COST ASSISTANCE FUNDED BY FEDERAL GRANTS. IT ALSO USES COMMUNITY DEVELOPMENT BLOCK GRANT FUNDING TO REHABILITATE OWNER-OCCUPIED OLDER HOMES.

    Expenses $825,057 · Revenue $1,103,143

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Walter Hardin

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Anne Lambert

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Sandra Oborokumo

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sharon Hines

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Thomas Roper

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Will Jordan

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Legrande

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mary Reid

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Perry Sutton

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Phyllis Fickling

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Naomi Carpenter

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kathy Pender

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Corinne Sferrazza

    TAX OFFICER

    Total calculated
    $86,902
    From this org
    $0
    From related orgs
    $86,902
    Other
    $0
    Hours/week
    10 + 30 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CITY OF ROCK HILL

    115 · GOVERNMENT · SC

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202411359349310886

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