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Nonprofiteer
← GREENVILLE HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by GREENVILLE HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$692,458
Total expenses
$918,634
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$636,997
Investment income
$55,461
Other revenue
$0
Total assets, end of year
$8,496,353
Total liabilities, end of year
$10,720,220
Net assets or fund balances, end of year
-$2,223,867
Program services expenses (Part IX)
$913,585
Management and general expenses
$5,049
Fundraising expenses
$0
Program service expenses (Part III)
$913,585

Program services were 99.5% 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.

  • 2a · Program service revenue: DWELLING RENT

    total $631,290 · related or exempt $631,290

  • 2b · Program service revenue: MISCELLANEOUS OTHER

    total $5,707 · related or exempt $5,707

  • 3 · Investment income

    total $55,461 · excluded $55,461

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $70,915 · program services $70,915

  • 11a · Fees: management

    total $219,133 · program services $219,133

  • 11b · Fees: legal

    total $7,209 · program services $7,209

  • 11c · Fees: accounting

    total $8,912 · program services $8,912

  • 13 · Office expenses

    total $59,596 · program services $59,596

  • 16 · Occupancy

    total $71,721 · program services $71,721

  • 17 · Travel

    total $5,049 · management and general $5,049

  • 20 · Interest

    total $60,105 · program services $60,105

  • 22 · Depreciation, depletion and amortization

    total $282,038 · program services $282,038

  • 23 · Insurance

    total $24,020 · program services $24,020

  • 24a · Other expenses: MAINTENANCE AND CONTRACTS

    total $99,577 · program services $99,577

  • 24b · Other expenses: OTHER GENERAL

    total $5,378 · program services $5,378

  • 24c · Other expenses: RESIDENT SERVICES

    total $4,981 · program services $4,981

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,380,864 · end of year $1,652,423

  • 4 · Accounts receivable

    beginning of year $9,649 · end of year $17,133

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,135 · end of year $32,022

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

    $10,742,940

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

    $4,316,831

  • 10c · Land, buildings and equipment, net

    beginning of year $6,734,470 · end of year $6,426,109

  • 15 · Other assets

    beginning of year $368,666 · end of year $368,666

  • 17 · Accounts payable and accrued expenses

    beginning of year $355,585 · end of year $688,974

  • 19 · Deferred revenue

    beginning of year $33,268 · end of year $7,656

  • 21 · Escrow or custodial account liability

    beginning of year $27,128 · end of year $25,176

  • 23 · Secured mortgages and notes payable

    beginning of year $10,106,557 · end of year $9,978,379

  • 25 · Other liabilities

    beginning of year $17,241 · end of year $20,035

  • 27 · Net assets without donor restrictions

    beginning of year -$1,997,995 · end of year -$2,223,867

Mission and programs · 2024

Mission

THE GOAL OF THE ORGANIZATION IS TO ASSIST HOMEOWNERS, HOMEBUYERS, AND RENTERS WITH ACQUIRING AND OR RETAINING A HOME OF THEIR OWN. IN ADDITION THE ORGANIZATION PROVIDED HOUSING TO LOW INCOME DISABLED AND ELDERLY INDIVIDUALS.

  • AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS. THE GOAL OF THE ORGANIZATION IS TO ASSIST HOMEOWNERS, HOME BUYERS, AND RETERS WITH ACQUIRING AND OR RETAINING A HOME OF THEIR OWN. IN ADDITION THE ORGANIZATION PROVIDED HOUSING TO LOW INCOME DISABLED AND ELDERLY INDIVIDUALS.

    Expenses $913,585 · Revenue $636,997

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edward Bland

    SECRETARY /

    Total calculated
    $191,662
    From this org
    $70,915
    From related orgs
    $120,747
    Other
    $0
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $70,915 + $120,747 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $70,915 + $120,747 related

  • Brenda Coggins

    COMMUNITY BO

    Total calculated
    $0

  • Gary Davis

    PRESIDENT

    Total calculated
    $0

  • Gwendolyn Greene

    VICE PRESIDE

    Total calculated
    $0

  • Bobby Hardy

    COMMUNITY BO

    Total calculated
    $0

  • Yolanda Keys

    COMMUNITY BO

    Total calculated
    $0

  • Charles Lodge

    COMMUNITY BO

    Total calculated
    $0

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

None.

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.

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.

  • HOUSING AUTHORITY OF GREENVILLE

    501A · LW INV HSG · NC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CRYSTAL SPRINGS APARTMENTS LLC

    LW INC HGS · NC

Provenance

Return type
form_990
Tax year
2024
Filed
1 July 2026
IRS schema version
2024v5.0
Source object
202621879349301042

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