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Nonprofiteer
← SOUTH ATLANTIC HOUSING OF BREVARD INC

Form 990 for tax year 2023

Filed by SOUTH ATLANTIC HOUSING OF BREVARD INC.

Totals

Total revenue
$666,730
Total expenses
$748,363
Contributions and grants received
$0
Grants paid
$746,432
Program service revenue
$0
Investment income
$666,730
Other revenue
$0
Total assets, end of year
$11,703,166
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$11,703,166
Program services expenses (Part IX)
$746,432
Management and general expenses
$1,931
Fundraising expenses
$0
Program service expenses (Part III)
$746,432

Program services were 99.7% 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.

  • 3 · Investment income

    total $666,730 · excluded $666,730

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $746,432 · program services $746,432

  • 11c · Fees: accounting

    total $1,800 · management and general $1,800

  • 24a · Other expenses: Bank Charges

    total $131 · management and general $131

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $672,337 · end of year $13

  • 7 · Other notes and loans receivable

    end of year $11,703,153

  • 13 · Investments: program-related

    beginning of year $11,112,462

  • 27 · Net assets without donor restrictions

    beginning of year $11,784,799 · end of year $11,703,166

Mission and programs · 2023

Mission

The corporation was organized and operates exclusively for charitable not-for-profit purposed including to provide for elderly and handicapped persons on a non-profit basis rental housing ad related facilities and services specifically designed to meet the physical, social and psychological needs and to contribute their health, security, and happiness, and other charitable, educational, religious, or scientific purposes allowed under section 501(c)(3) of the internal revenue code of 1986, as amended.

  • To support charitable activities of another 501(c)(3) organization consistent with the expanded mission of the organization. The organization acts as the sponsor of affordable housing for low-income elderly and handicapped persons as well as sponsors certain charitable, religious, and educational activities in accordance with its charitable purpose.

    Expenses $746,432 · Grants $746,432

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

Listed in Part VII

  • Gerald Eickhoff

    President

    Total calculated
    $0
    Hours/week
    1

  • Joseph F Glenn

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth C Glenn

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Larry Gay Reagan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kim Delacey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert L Reinhart

    Director

    Total calculated
    $0
    Hours/week
    1

  • Earleen S Abernathy

    Director

    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

  • World Outreach Fund

    $746,432

    To provide support to the elderly and other charitable,educational, religious, or scientific purposes

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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443199349300709

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