I58 INC

As filed

Subsection

03

NTEE code

L40

Classification

1000

Street

297 CENTER 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).

Mission and programs · 2025

• HOME REPAIR PROGRAM - THIS PROGRAM IS DESIGNED TO ASSIST LOW-INCOME HOMEOWNERS IN MAKING NEEDED REPAIRS TO THEIR PRIMARY RESIDENCE TO ADDRESS CRITICAL LIFE, HEALTH AND SAFETY ISSUES. THIS IS DONE WITH SEVERAL DIFFERENT FUNDING SOURCES SUCH AS, SOUTH CAROLINA HOUSING TRUST FUND, HUD OLDER ADULT HOME MODIFICATION FUNDS, AND DUKE WEATHERIZATION FUNDS. EACH FUNDING SOURCE HAS DIFFERENT APPLICATION PROCESSES AND WAITING LIST.

  Expenses $418,894

• RENTAL HOUSING PROGRAM - THE PURPOSE OF THIS PROGRAM IS TO PROVIDE AFFORDABLE HOUSING FOR INDIVIDUALS WHO HAVE COMPLETED REHABILITATION OR RECOVERY PROGRAMS. RENT RATES ARE TYPICALLLY LOWER THAN MARKET RATES AND ARE OFTEN SUBSIDIZED THROUGH OTHER STATE HOUSING URBAN AND DEVELOPMENT PROGRAMS. I58 UNDERSTANDS THIS CAN BE CRUCIAL FOR THEIR SUCCESSFUL TRANSITION TO INDEPENDENT LIVING. BY OFFERING SUPPORT THROUGH THIS PROGRAM, I58 IS HELPING TO ENSURE THAT THESE INDIVIDUALS HAVE A STABLE ENVIRONMENT AS THEY CONTINUE THEIR JOURNEY TOWARDS SELF-SUFFICIENCY. IT IS A WAY TO EMPOWER THOSE INDIVIDUALS TO REBUILD THEIR LIVES AND THRIVE AFTER OVERCOMING CHALLENGES.

  Expenses $176,600 · Revenue $137,134

• TRANSITIONAL MEN'S HOUSING PROGRAM - THIS PROGRAM IS DESIGNED TO SERVE AS A RESIDENCE FOR CERTAIN MEN IN THE COMMUNITY. THE TRANSITIONAL HOUSE ITSELF FEATURES SIX BEDROOMS AND THREE BATHROOMS. THE HOUSE HAD BEEN ABANDONED FOR OVER A DECADE AND WAS PREVIOUSLY ENCUMBERED BY A RESTRICTIVE COVENANT IMPOSED BY HUD. IT NOW PROVIDES A SAFE AND SECURE ENVIRONMENT FOR MEN WHO HAVE SUCCESSFULLY COMPLETED A 90-DAY REHABILITATION PROGRAM AND WISHES TO CONTINUE THEIR JOURNEY OF RECOVERY. I58 OFFERS COMPREHENSIVE SUPPORT SERVICES, INCLUDING ASSISTANCE IN JOB PLACEMENT AND CREDIT BUILDING, ENABLING THESE INDIVIDUALS TO BECOME CONTRIBUTING MEMBERS OF OUR COMMUNITY IN AS LITTLE AS 18 MONTHS AND EMPOWERING THEM TO ACHIEVE INDEPENDENT LIVING. THE RESIDENTS OF THE HOUSE CONTRIBUTE 80 PER WEEK, WHICH GOES TOWARDS COVERING THE COST ASSOCIATED WITH THE MORTGAGE, UTILITIES, INSURANCE, AND MAINTENANCE OF THE PROPERTY.

  Expenses $50,568

• THROUGH I58'S HOMEOWNERSHIP PROGRAM, A PIVOTAL PARTNERSHIP WAS FORGED WITH YORK TECHNICAL COLLEGE IN ROCK HILL, SC, ENABLING I58 TO CONSTRUCT 900 SQ. FT., 2-BEDROOM / 2-BATHROOM HOMES. THESE HOMES ARE METICULOUSLY CONSTRUCTED ON CAMPUS IN ROCK HILL, SC, AND THEN TRANSPORTED TO A LOT IN CHESTER COUNTY, SC, THAT WAS EITHER PURCHASED OR DONATED TO I58. THROUGH A PARTNERSHIP WITH THE CITY OF CHESTER, THE CITY HAS DONATED LOTS TO I58. THIS COLLABORATION NOT ONLY PROVIDED STUDENTS WITH VALUABLE HANDS-ON EXPERIENCE IN THE DIFFERENT AREAS OF CONSTRUCTION BUT ALSO SIGNIFICANTLY REDUCES I58'S CONSTRUCTION COSTS. WITH THE REDUCTION OF THE CONSTRUCTION COST, THIS ALLOWS I58 TO PROVIDE A FORGIVABLE SECOND MORTGAGE TO MAKE THE BORROWING AMOUNT LESS FOR THE HOMEOWNER FROM A FINANCIAL INSTITUTION. THE FORGIVABLE SECOND MORTGAGE IS USUALLY 10 - 15% DISCOUNT OF THE ASKING PRICE. ONCE THE HOUSE IS APPRAISED, THE ASKING PRICE IS THEN SET. AS LONG AS THE HOMEOWNER PAYS THEIR NOTE TO THE FINANCIAL INSTITUTION WHICH HOLDS THE FIRST MORTGAGE, THEY NEVER OWE I58 ANYTHING. THE GOAL IS TO KEEP THE MARKET VALUE OF THE COMMUNITY STABLE AND PROVIDE AFFORDABLE HOUSING AT THE SAME TIME. THEREFORE, BY GIVING THE NEW HOMEOWNER THE FORGIVABLE SECOND MORTGAGE, THIS ALLOWS THE HOMEOWNER TO COME OUT ON TOP WITH EQUITY IN THE HOME FROM DAY ONE. WHILE THE HOUSE IS UNDER CONSTRUCTION BY I58'S PARTNER, I58 IS WORKING WITH POTENTIAL CLIENTS TO HELP THEM REPAIR AND/OR ESTABLISH THEIR CREDIT, LEARN HOW TO WORK WITHIN A BUDGET AND INSTILL THE IMPORTANCE OF MAINTENANCE WITHIN THE HOUSE TO MAINTAIN THE STABILITY OF THE HOUSE. THE GOAL IS FOR THE CLIENT TO SUCCEED IN THEIR NEW JOURNEY AS HOMEOWNERS.

  Expenses $300

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2025

As listed in Part VII of the 2025 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

• 2025

  Revenue

  $778,134

  Expenses

  $661,825

  Contributions

  $641,000

  Grants paid

  $0

• 2024

  Revenue

  $422,466

  Expenses

  $334,869

  Contributions

  $387,707

  Grants paid

  $0

• 2023

  Revenue

  $590,072

  Expenses

  $443,030

  Contributions

  $578,575

  Grants paid

  $0

• 2022

  Revenue

  $1,028,497

  Expenses

  $994,290

  Contributions

  $224,313

  Grants paid

  $0

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

  $735,706

  Expenses

  $568,325

  Assets (EOY)

  $368,277

• 2020 · 990-EZ

  Revenue

  $164,411

  Expenses

  $151,627

  Assets (EOY)

  $59,687

• 2019 · 990-EZ

  Revenue

  $46,213

  Expenses

  $57,257

  Assets (EOY)

  $51,828

• 2018 · 990-EZ

  Revenue

  $64,698

  Expenses

  $57,662

  Assets (EOY)

  $52,732

• 2018 · 990-EZ

  Revenue

  $64,698

  Expenses

  $57,662

  Assets (EOY)

  $52,732

• 2017 · 990-EZ

  Revenue

  $45,404

  Expenses

  $7,558

  Assets (EOY)

  $37,846

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.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• SOUTH CAROLINA ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT

  $83,358

  2022 · PROVIDED HOUSING COUNSELING SERVICES TO PEOPLE EXPERIENCING HOMELESSNESS AND HOUSING ISSUES AS A RESULT OF THE COVID 19 PANDEMIC

• AMERICAN ONLINE GIVING FOUNDATION INC

  $6,025

  2024 · GENERAL SUPPORT

Other IRS files