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Nonprofiteer
← GREENVILLE HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by GREENVILLE HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$665,742
Total expenses
$1,013,297
Contributions and grants received
$22,300
Grants paid
$0
Program service revenue
$630,953
Investment income
$10,107
Other revenue
$2,382
Total assets, end of year
$8,541,784
Total liabilities, end of year
$10,539,779
Net assets or fund balances, end of year
-$1,997,995
Program services expenses (Part IX)
$990,616
Management and general expenses
$22,681
Fundraising expenses
$0
Program service expenses (Part III)
$990,616

Program services were 97.8% 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)

    $22,300

  • 2a · Program service revenue: DWELLING RENT

    total $630,953 · related or exempt $630,953

  • 3 · Investment income

    total $10,107 · related or exempt $10,107

  • 11a · Other revenue: MISCELLANEOUS

    total $2,382 · related or exempt $2,382

  • 11e · Other revenue, total

    $2,382

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 $239,994 · program services $239,994

  • 11b · Fees: legal

    total $2,252 · program services $2,252

  • 11c · Fees: accounting

    total $10,811 · management and general $10,811

  • 13 · Office expenses

    total $75,338 · program services $75,338

  • 16 · Occupancy

    total $168,190 · program services $168,190

  • 17 · Travel

    total $11,870 · management and general $11,870

  • 20 · Interest

    total $61,361 · program services $61,361

  • 22 · Depreciation, depletion and amortization

    total $284,826 · program services $284,826

  • 23 · Insurance

    total $25,805 · program services $25,805

  • 24a · Other expenses: LOSS ON DISPOSITION

    total $53,656 · program services $53,656

  • 24b · Other expenses: RESIDENT SERVICES

    total $8,279 · program services $8,279

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,359,582 · end of year $1,380,864

  • 3 · Pledges and grants receivable

    beginning of year $77,096

  • 4 · Accounts receivable

    end of year $9,649

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,915 · end of year $48,135

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

    $10,769,265

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

    $4,034,795

  • 10c · Land, buildings and equipment, net

    beginning of year $7,220,362 · end of year $6,734,470

  • 15 · Other assets

    beginning of year $146,258 · end of year $368,666

  • 17 · Accounts payable and accrued expenses

    beginning of year $214,360 · end of year $355,585

  • 19 · Deferred revenue

    beginning of year $10,004 · end of year $33,268

  • 21 · Escrow or custodial account liability

    beginning of year $41,788 · end of year $27,128

  • 23 · Secured mortgages and notes payable

    beginning of year $10,220,761 · end of year $10,106,557

  • 25 · Other liabilities

    beginning of year $16,740 · end of year $17,241

  • 27 · Net assets without donor restrictions

    beginning of year -$1,650,440 · end of year -$1,997,995

Mission and programs · 2023

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 $990,616 · Revenue $630,953

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • EDWARD BLAND

    SECRETARY /

    Total calculated
    $191,663
    From this org
    $70,915
    From related orgs
    $120,748
    Other
    $0
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $65,567 + $111,642 related
    Bonus
    not reported
    Other
    $5,348 + $9,106 related
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $70,915 + $120,748 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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 April 2025
IRS schema version
2023v6.0
Source object
202531059349302163

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