CHARLESTON REDEVELOPMENT CORPORATION

As filed

Subsection

03

NTEE code

S31

Classification

1000

Street

75 CALHOUN STREET

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• CHARLESTON EDUCATIONAL EXCELLENCE FINANCING CORPORATION

  EIN 42-1642871

Mission and programs · 2024

• The CRC is a non-profit organization focused on the development and preservation of affordable housing in the Charleston area and helps secure local, state and national funding for long-term housing affordability. The CRC is organized to leverage funding to facilitate, develop, and advocate for neighborhood revitalization, housing construction, preservation and economic development throughout Charleston County. Working in concert with Development Partners and Local Units of Government.(Continued on Schedule O)The CRC operates three (3) Loan Programs, an affordable housing loan program for developers, Common Cause Rehabilitation Loan Program, and provides Consumer Down Payment Assistance Loans designed to remove financial barriers that hinder the development of affordable housing.The CRC operates the Palmetto Community Land Trust, which provides long term affordability to approximately Two Hundred (200) housing units being planned, constructed, or preserved. The Land Trust places land in long-term trust protection to ensure affordability and accessibility for future generations. The Palmetto Community Land Trust (PCLT) is a program of the Charleston Redevelopment Corporation (CRC), a private 501c3 nonprofit corporation governed by an all-volunteer board of directors.- The CRC's approach to affordable homeownership is a community focused effort. Our dedication to the community is highlighted by our board, which maintains 1/3 representation by low to moderate income persons or residents of low-income neighborhoods.- Community control of land is maintained where the Trust retains ownership of the land and conveys ownership of the improvements to an individual via a 99-year long-term renewable ground lease that can be inherited by future generations.- Single family detached and multi-family housing is removed from the speculative market to restrict price appreciation and to maintain long-term affordability, both in ownership and rental housing.- Preserves public and private subsidies by managing price appreciation, retaining community value, and recycling the subsidy, land, and affordable units for future generations. The resale price of PCLT properties is capped by a formula to ensure affordability remains with the property owner.- Allows local control of the community's housing future to build a long-term relationship with homeowners.- Large scale development is possible through joint venture development and public-private partnerships.

  Expenses $1,403,784 · Grants $122,259 · Revenue $1,095,467

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

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $3,047,077

  Expenses

  $1,464,590

  Contributions

  $1,888,084

  Grants paid

  $122,259

• 2023

  Revenue

  $3,541,424

  Expenses

  $1,334,937

  Contributions

  $2,659,981

  Grants paid

  $0

• 2022

  Revenue

  $6,079,133

  Expenses

  $2,804,516

  Contributions

  $4,588,020

  Grants paid

  $487,782

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $5,936,655

  Expenses

  $1,027,659

  Assets (EOY)

  $14,293,974

• 2020 · 990

  Revenue

  $5,628,443

  Expenses

  $4,486,363

  Assets (EOY)

  $5,621,826

• 2020 · 990

  Revenue

  $1,628,443

  Expenses

  $486,363

  Assets (EOY)

  $5,621,826

• 2019 · 990

  Revenue

  $3,454,167

  Expenses

  $43,601

  Assets (EOY)

  $4,525,407

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Form 990-N e-Postcard, tax year 2017

Tax period

1 January 2017 to 31 December 2017

Principal officer

Melissa Maddox-Evans

Mailing address

75 Calhoun Street 3rd FloorCharleston SC 29401

As filed, from the IRS e-Postcard file of 2 November 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

• THE HUMANITIES FOUNDATION INC

  $487,782

  2022 · AFFORDABLE HOUSING

Where these grants went next →

Grants received

• NATIONAL FAIR HOUSING ALLIANCE

  $74,667

  2023 · FUND COMMUNITY ACCESSIBILITY PROJECTS

• NATIONAL FAIR HOUSING ALLIANCE

  $53,333

  2022 · FUND COMMUNITY ACCESSIBILITY PROJECTS

• SOUTH CAROLINA ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT

  $7,500

  2023 · COMMUNITY IMPACT

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files