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Nonprofiteer
← SOUTHERN CAROLINA REGIONAL COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by SOUTHERN CAROLINA REGIONAL COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$311,026
Total expenses
$441,287
Contributions and grants received
$11,628
Grants paid
$0
Program service revenue
$297,614
Investment income
$1,634
Other revenue
$150
Total assets, end of year
$2,374,547
Total liabilities, end of year
$290,654
Net assets or fund balances, end of year
$2,083,893
Program services expenses (Part IX)
$384,288
Management and general expenses
$56,999
Fundraising expenses
$0
Program service expenses (Part III)
$384,288

Program services were 87.1% 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.

  • 1f · All other contributions, gifts and grants

    $11,628

  • 1g · Noncash contributions included above

    $10,000

  • 2a · Program service revenue: RENTAL PROPERTIES

    total $297,614 · related or exempt $297,614

  • 3 · Investment income

    total $1,634 · excluded $1,634

  • 11a · Other revenue: MISCELLANEOUS

    total $150 · related or exempt $150

  • 11e · Other revenue, total

    $150

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $87,550 · program services $87,550

  • 7 · Other salaries and wages

    total $16,607 · management and general $16,607

  • 9 · Other employee benefits

    total $8,509 · program services $8,509

  • 10 · Payroll taxes

    total $6,152 · program services $5,171 · management and general $981

  • 11c · Fees: accounting

    total $9,300 · management and general $9,300

  • 11g · Fees: other

    total $4,730 · program services $2,285 · management and general $2,445

  • 12 · Advertising and promotion

    total $665 · management and general $665

  • 13 · Office expenses

    total $257 · management and general $257

  • 16 · Occupancy

    total $5,477 · program services $1,989 · management and general $3,488

  • 17 · Travel

    total $3,113 · management and general $3,113

  • 19 · Conferences, conventions and meetings

    total $308 · management and general $308

  • 20 · Interest

    total $15,862 · program services $13,382 · management and general $2,480

  • 22 · Depreciation, depletion and amortization

    total $131,891 · program services $129,013 · management and general $2,878

  • 23 · Insurance

    total $32,446 · program services $31,249 · management and general $1,197

  • 24a · Other expenses: CONTRACT LABOR

    total $99,073 · program services $97,253 · management and general $1,820

  • 24b · Other expenses: PROPERTY TAXES

    total $13,646 · program services $7,139 · management and general $6,507

  • 24c · Other expenses: PROGRAM SERVICES

    total $2,721 · program services $80 · management and general $2,641

  • 24d · Other expenses: SUPPLIES

    total $2,425 · program services $668 · management and general $1,757

  • 24e · All other expenses

    total $555 · management and general $555

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $282,286 · end of year $200,595

  • 2 · Savings and temporary cash investments

    beginning of year $30,044 · end of year $31,539

  • 4 · Accounts receivable

    beginning of year $4,038 · end of year $4,826

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,885 · end of year $22,000

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

    $3,762,849

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

    $1,647,762

  • 10c · Land, buildings and equipment, net

    beginning of year $2,220,120 · end of year $2,115,087

  • 15 · Other assets

    beginning of year $500 · end of year $500

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,911 · end of year $3,352

  • 19 · Deferred revenue

    beginning of year $2,805 · end of year $2,021

  • 21 · Escrow or custodial account liability

    beginning of year $22,396 · end of year $25,623

  • 23 · Secured mortgages and notes payable

    beginning of year $296,404 · end of year $242,018

  • 24 · Unsecured notes and loans payable

    beginning of year $19,203 · end of year $17,640

  • 27 · Net assets without donor restrictions

    beginning of year $1,095,598 · end of year $965,337

  • 28 · Net assets with donor restrictions

    beginning of year $1,118,556 · end of year $1,118,556

Mission and programs · 2023

Mission

THE REVITALIZATION OF THE VOORHEES COLLEGE COMMUNITY, BAMBERG COUNTY, AND THE SOUTHERN CAROLINA REGION THROUGH HOUSING DEVELOPMENT, ECONOMIC DEVELOPMENT, EMPOWERMENT, AND THE OVERALL IMPROVEMENT OF THE QUALITY OF LIFE FOR LOW TO MODERATE INCOME RESIDENTS.

  • PROVIDE QUALITY RENTAL HOUSING FOR LOW TO MODERATE INCOME FAMILIES AND INDIVIDUALS IN BAMBERG COUNTY

    Expenses $384,288 · Revenue $297,764

  • REPAIR, REHAB, AND IMPROVE ENERGY EFFICIENCY TO QUALIFYING HOMES OF LOW TO MODERATE INCOME HOMEOWNERS

  • GRANTS TO PURCHASE HOMES TO BE RENTED AND MAINTAINED FOR QUALIFYING LMI FAMILIES

As filed on the 2023 return.

Listed in Part VII

  • Jake Bookard

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Ann Freeman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Norman Lofton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Janeth Walker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gerald Wright

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Allison Kirkland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Roosevelt Bryant

    VICE CHAIRMAN

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202403189349310305

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