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Nonprofiteer
← TRI COUNTY REGIONAL DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by TRI COUNTY REGIONAL DEVELOPMENT CORPORATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 11 February 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Program services expenses
$585,667 changed to $581,984
Management and general expenses
$0 changed to $3,683
Program service expenses (Part III)
$585,667 changed to $581,984

Totals

Total revenue
$569,468
Total expenses
$585,667
Contributions and grants received
$44,470
Grants paid
$0
Program service revenue
$101,570
Investment income
$24,298
Other revenue
$399,130
Total assets, end of year
$825,311
Total liabilities, end of year
$438,800
Net assets or fund balances, end of year
$386,511
Program services expenses (Part IX)
$585,667
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$585,667

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $44,470

  • 2a · Program service revenue: Low income home rental

    total $99,970 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: CHDO Fee

    total $1,600 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $24,298 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Insurance Proceeds

    total $399,130 · related or exempt $399,130 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $399,130

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,552 · program services $1,552 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $1,057 · program services $1,057 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $485,987 · program services $485,987 · management and general $0 · fundraising $0

  • 17 · Travel

    total $1,074 · program services $1,074 · management and general $0 · fundraising $0

  • 20 · Interest

    total $22,644 · program services $22,644 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $34,275 · program services $34,275 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $31,557 · program services $31,557 · management and general $0 · fundraising $0

  • 24a · Other expenses: Bad Debt

    total $600 · program services $600 · management and general $0 · fundraising $0

  • 24b · Other expenses: Bank Charges

    total $12 · program services $12 · management and general $0 · fundraising $0

  • 24c · Other expenses: Equipment Rental

    total $6,118 · program services $6,118 · management and general $0 · fundraising $0

  • 24d · Other expenses: Postage

    total $791 · program services $791 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $119,709 · end of year $109,555

  • 7 · Other notes and loans receivable

    beginning of year $130,486 · end of year $129,078

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

    $1,074,354

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

    $487,676

  • 10c · Land, buildings and equipment, net

    beginning of year $603,830 · end of year $586,678

  • 19 · Deferred revenue

    beginning of year $10,000 · end of year $10,512

  • 23 · Secured mortgages and notes payable

    beginning of year $441,315 · end of year $428,288

  • 27 · Net assets without donor restrictions

    beginning of year $402,710 · end of year $386,511

Mission and programs · 2023

Mission

To study the characteristics and market trends in relation to economic housing issues within the Waccamaw housing services to special needs population.

  • To provide low income housing to low income families.

    Expenses $585,667 · Grants $44,470 · Revenue $569,468

As filed on the 2023 return.

Listed in Part VII

  • Boykin Parson

    Chairman

    Total calculated
    $0
    Hours/week
    5

  • Doris Simmons

    Vice Chair

    Total calculated
    $0
    Hours/week
    5

  • Carlether Nesmith

    Treasurer/Secretary

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
18 January 2025
IRS schema version
2023v6.0
Source object
202540319349301104

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