Totals
- Total revenue
- $129,674
- Total expenses
- $170,296
- Contributions and grants received
- $76,044
- Grants paid
- $0
- Program service revenue
- $52,382
- Investment income
- $842
- Other revenue
- $406
- Total assets, end of year
- $706,698
- Total liabilities, end of year
- $1,116,811
- Net assets or fund balances, end of year
- -$410,113
- Program services expenses (Part IX)
- $125,211
- Management and general expenses
- $45,085
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $125,211
Program services were 73.5% 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)
$76,044
-
2a · Program service revenue: RENTAL INCOME
total $52,382 · related or exempt $52,382
-
3 · Investment income
total $842 · excluded $842
-
11a · Other revenue: LAUNDRY & VENDING
total $359 · excluded $359
-
11b · Other revenue: TENANT CHARGES
total $47 · excluded $47
-
11e · Other revenue, total
$406
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $9,711 · management and general $9,711
-
11c · Fees: accounting
total $4,000 · management and general $4,000
-
13 · Office expenses
total $10,580 · management and general $10,580
-
16 · Occupancy
total $72,475 · program services $72,475
-
22 · Depreciation, depletion and amortization
total $38,250 · program services $38,250
-
23 · Insurance
total $195 · program services $195
-
24a · Other expenses: MANAGEMENT COMPANY EMPL
total $30,700 · program services $10,047 · management and general $20,653
-
24b · Other expenses: SERVICE COORDINATOR CON
total $4,244 · program services $4,244
-
24c · Other expenses: BAD DEBT EXPENSE
total $141 · management and general $141
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $42,619 · end of year $14,510
-
4 · Accounts receivable
beginning of year $106 · end of year $780
-
9 · Prepaid expenses and deferred charges
beginning of year $14,954 · end of year $12,431
-
10a · Land, buildings and equipment: cost or other basis
$1,210,849
-
10b · Land, buildings and equipment: accumulated depreciation
$579,979
-
10c · Land, buildings and equipment, net
beginning of year $665,992 · end of year $630,870
-
13 · Investments: program-related
beginning of year $38,198 · end of year $43,350
-
15 · Other assets
beginning of year $4,090 · end of year $4,757
-
17 · Accounts payable and accrued expenses
beginning of year $28,259 · end of year $8,753
-
19 · Deferred revenue
end of year $201
-
23 · Secured mortgages and notes payable
beginning of year $1,103,100 · end of year $1,103,100
-
25 · Other liabilities
beginning of year $4,091 · end of year $4,757
-
27 · Net assets without donor restrictions
beginning of year -$369,491 · end of year -$410,113
Mission and programs · 2023
Mission
DRAYTON VILLAGE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 16 UNIT COMMUNITY KNOWN AS DRAYTON VILLAGE APARTMENTS LOCATED IN NEWBERRY, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.
-
DRAYTON VILLAGE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 16 UNIT COMMUNITY KNOWN AS DRAYTON VILLAGE APARTMENTS LOCATED IN NEWBERRY, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.
Expenses $125,211 · Revenue $52,382
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Leslie LylesLESLIE LYLES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Travis ReederTRAVIS REEDER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Margaret WellsMARGARET WELLS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Jean PrattJEAN PRATT
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Catherine HarpCATHERINE HARP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John CaldwellJOHN CALDWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Benjamin QuallsBENJAMIN QUALLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Willie ScottWILLIE SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
- 16 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530169349301808
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