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Nonprofiteer
← DRAYMONT HOUSING CORPORATION

Form 990 for tax year 2022

Filed by DRAYMONT HOUSING CORPORATION.

Totals

Total revenue
$132,966
Total expenses
$141,745
Contributions and grants received
$86,072
Grants paid
$0
Program service revenue
$46,320
Investment income
$574
Other revenue
$0
Total assets, end of year
$633,922
Total liabilities, end of year
$26,923
Net assets or fund balances, end of year
$606,999
Program services expenses (Part IX)
$113,408
Management and general expenses
$28,337
Fundraising expenses
$0
Program service expenses (Part III)
$113,408

Program services were 80.0% 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)

    $86,072

  • 2a · Program service revenue: RENTAL INCOME

    total $46,320 · related or exempt $46,320

  • 3 · Investment income

    total $574 · excluded $574

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $7,421 · management and general $7,421

  • 13 · Office expenses

    total $12,840 · management and general $12,840

  • 16 · Occupancy

    total $79,232 · program services $79,232

  • 17 · Travel

    total $72 · management and general $72

  • 22 · Depreciation, depletion and amortization

    total $26,566 · program services $26,566

  • 23 · Insurance

    total $872 · program services $872

  • 24a · Other expenses: MANAGEMENT COMPANY EMPL

    total $14,605 · program services $6,738 · management and general $7,867

  • 24b · Other expenses: ADMINISTRATIVE

    total $96 · management and general $96

  • 24c · Other expenses: BAD DEBT

    total $41 · management and general $41

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,478 · end of year $2,592

  • 4 · Accounts receivable

    beginning of year $46 · end of year $226

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,073 · end of year $3,545

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

    $905,774

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

    $372,474

  • 10c · Land, buildings and equipment, net

    beginning of year $519,222 · end of year $533,300

  • 13 · Investments: program-related

    beginning of year $101,898 · end of year $91,330

  • 15 · Other assets

    beginning of year $2,747 · end of year $2,929

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,931 · end of year $12,239

  • 19 · Deferred revenue

    beginning of year $8 · end of year $204

  • 25 · Other liabilities

    beginning of year $2,747 · end of year $14,480

  • 27 · Net assets without donor restrictions

    beginning of year $615,778 · end of year $606,999

Mission and programs · 2022

Mission

DRAYMONT HOUSING CORPORATION 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 24 UNIT COMMUNITY KNOWN AS DRAYMONT RIDGE APARTMENTS LOCATED IN SPARTANBURG, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

  • DRAYMONT HOUSING CORPORATION 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 24 UNIT COMMUNITY KNOWN AS DRAYMONT RIDGE APARTMENTS LOCATED IN SPARTANBURG, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

    Expenses $113,408 · Revenue $46,320

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

Listed in Part VII

  • JULIA MULLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRITT GILLESPIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENISE FRANKLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DIANE KELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JERVELLE FORT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KYLE PUTNAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • IRENE HAMILTON-JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DREW SCHAUMBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM BOYD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LESLEY O'KELLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHANE HENNESSY

    INTERIM CEO

    Total calculated
    $0
    Hours/week
    1

  • AVERY S MARTIN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN THOMAS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JACK READ

    EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • JESSICA SALVINI ESQ

    EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • LORAIN CROWL

    FORMER CEO

    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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
17 July 2024
IRS schema version
2022v5.0
Source object
202441999349300819

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