Totals
- Total revenue
- $1,102,970
- Total expenses
- $1,018,134
- Contributions and grants received
- $707,559
- Grants paid
- $0
- Program service revenue
- $378,360
- Investment income
- $79
- Other revenue
- $16,972
- Total assets, end of year
- $767,945
- Total liabilities, end of year
- $1,633,119
- Net assets or fund balances, end of year
- -$865,174
- Program services expenses (Part IX)
- $731,899
- Management and general expenses
- $286,235
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $731,899
Program services were 71.9% 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)
$707,559
-
2a · Program service revenue: RENTAL INCOME
total $261,918 · related or exempt $261,918
-
2b · Program service revenue: DIETARY AND RELATED SE
total $116,442 · related or exempt $116,442
-
3 · Investment income
total $79 · excluded $79
-
11a · Other revenue: TENANT CHARGES
total $12,493 · excluded $12,493
-
11b · Other revenue: LAUNDRY & VENDING
total $4,479 · excluded $4,479
-
11e · Other revenue, total
$16,972
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $43,869 · management and general $43,869
-
11b · Fees: legal
total $57 · management and general $57
-
11c · Fees: accounting
total $5,000 · management and general $5,000
-
13 · Office expenses
total $40,910 · management and general $40,910
-
16 · Occupancy
total $380,497 · program services $380,497
-
17 · Travel
total $1,005 · management and general $1,005
-
19 · Conferences, conventions and meetings
total $2,777 · management and general $2,777
-
22 · Depreciation, depletion and amortization
total $73,766 · program services $73,766
-
23 · Insurance
total $10,356 · program services $10,356
-
24a · Other expenses: MANAGEMENT COMPANY EMPL
total $253,498 · program services $66,595 · management and general $186,903
-
24b · Other expenses: FOOD SERVICE AND RELATE
total $135,748 · program services $135,748
-
24c · Other expenses: SERVICE COORDINATOR EXP
total $64,937 · program services $64,937
-
24d · Other expenses: MISCELLANEOUS ADMIN EXP
total $3,025 · management and general $3,025
-
24e · All other expenses
total $2,689 · management and general $2,689
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $19,645 · end of year $22,537
-
4 · Accounts receivable
beginning of year $26,218 · end of year $4,624
-
9 · Prepaid expenses and deferred charges
beginning of year $28,096 · end of year $28,344
-
10a · Land, buildings and equipment: cost or other basis
$4,531,181
-
10b · Land, buildings and equipment: accumulated depreciation
$4,050,841
-
10c · Land, buildings and equipment, net
beginning of year $397,150 · end of year $480,340
-
13 · Investments: program-related
beginning of year $296,852 · end of year $172,224
-
14 · Intangible assets
beginning of year $40,869 · end of year $38,478
-
15 · Other assets
beginning of year $20,703 · end of year $21,398
-
17 · Accounts payable and accrued expenses
beginning of year $77,880 · end of year $14,973
-
19 · Deferred revenue
beginning of year $331 · end of year $2,758
-
23 · Secured mortgages and notes payable
beginning of year $1,670,401 · end of year $1,593,990
-
25 · Other liabilities
beginning of year $30,898 · end of year $21,398
-
27 · Net assets without donor restrictions
beginning of year -$949,977 · end of year -$865,174
Mission and programs · 2024
Mission
CROFT HOUSE, INC. (THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 60 UNIT COMMUNITY KNOWN AS CROFT HOUSE (THE "PROPERTY") LOCATED IN AIKEN, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS, UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.
-
CROFT HOUSE, INC. (THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 60 UNIT COMMUNITY KNOWN AS CROFT HOUSE (THE "PROPERTY") LOCATED IN AIKEN, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS, UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.
Expenses $731,899 · Revenue $378,360
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kim RayfieldKIM RAYFIELD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Pete GoldschmidtPETE GOLDSCHMIDT
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Richard MarkRICHARD MARK
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Tom McHenryTOM MCHENRY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Bill HillanBILL HILLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John FisherJOHN FISHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Deborah CalhounDEBORAH CALHOUN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Vince BrumfieldVINCE BRUMFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kay RayKAY RAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tabatha AmodioTABATHA AMODIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paul Simons JrPAUL SIMONS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lori Beth CharltonLORI BETH CHARLTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David EngelmanDAVID ENGELMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
- 2024
- Filed
- 15 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543509349301014
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