Midlands Community Development Corporation
- Assets
- $1.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 33
- Location
- Columbia, SC
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 31-1612065
Organization Overview
Midlands Community Development Corporation is located in Columbia, SC. The organization was established in 1999. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Midlands Community Development Corporation employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midlands Community Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Midlands Community Development Corporation generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPENING DOORS BY PROVIDING PROGRAMS AND SERVICES THAT CHANGE THE LIVES IN THE MIDLANDS OF SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATION, HEALTHCARE, SOCIAL AND GENERAL SUPPORT TO THE MIDLANDS OF SOUTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrell Jackson Jr Executive Director | OfficerTrustee | 20 | $0 |
Michelle L Lloyd-Peay Director | Trustee | 1 | $0 |
Titus Davis III Director | Trustee | 1 | $0 |
Peggie Funny-Roane Director | Trustee | 1 | $0 |
Calvin Ellerbe Director | Trustee | 1 | $0 |
Christopher Lindsay Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,115,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,188 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,128,425 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,031 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,413,462 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $593,788 |
| Pension plan accruals and contributions | $1,153 |
| Other employee benefits | $28,641 |
| Payroll taxes | $62,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,386 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,228 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $3,387 |
| Royalties | $0 |
| Occupancy | $140,539 |
| Travel | $19,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,429 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,921 |
| Insurance | $23,317 |
| All other expenses | $15,131 |
| Total functional expenses | $1,114,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,070 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,713 |
| Prepaid expenses and deferred charges | $2,717 |
| Net Land, buildings, and equipment | $671,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $305,225 |
| Total assets | $1,540,536 |
| Accounts payable and accrued expenses | $64,480 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $64,480 |
| Net assets without donor restrictions | $1,180,521 |
| Net assets with donor restrictions | $295,535 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,540,536 |