Southern Pines Land & Housing Trust Inc
- Assets
- $1.0m
- Revenue
- $555.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Southern Pines, NC
- Founding
- 11/2010
- Data as of
- 12/2023
- EIN
- 32-0282058
Organization Overview
Southern Pines Land & Housing Trust Inc is located in Southern Pines, NC. The organization was established in 2010. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Pines Land & Housing Trust Inc 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 12/2023, Southern Pines Land & Housing Trust Inc generated $555.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 59.0% each year . All expenses for the organization totaled $371.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PRESERVE AND ENHANCE THE WEST SOUTHERN PINES COMMUNITYS SOCIAL AND ECONOMIC CONDITIONS THROUGH PROPERTY OWNERSHIP, EDUCATION, AND OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORMERLY THE PLAYGROUND OF THE CAMPUS OF THE SOUTHERN PINES PRIMARY SCHOOL, BLANCHIE CARTER PARK HAS BEEN ADDED TO THE TOWNS LIST OF PUBLIC PARKS. IN ORDER TO OPEN THE PARK TO THE PUBLIC, SPLHT HAD TO REPLACE THE AGING PLAYGROUND EQUIPMENT THAT WAS DEEMED UNSAFE FOR CHILDREN. IN 2023, ENOUTH FUNDS WERE RAISED AT OUR ANNUAL FUNDRAISER TO PURCHASE NEW EQUIPMENT FOR THE PLAYGROUND. WE INSTALLED THE EQUIPMENT LATE 2023, AND OFFICIALLY OPENED TO THE PUBLIC IN JULY 2024. THE EQUIPMENT WAS CAPITALIZED.
EDUCATIONAL PROGRAMS - THESE PROGRAMS WILL BRING INFORMATION TO THE WEST SOUTHERN PINES COMMUNITY THAT WILL ENHANCE THEIR LIVES FINANCIALLY, HISTORICALLY AND CULTURALLY. IN 2023, SPLHT BROUGHT A TRAVELING HISTORICAL EXHIBIT TO THE WSP CENTER CAMPUS.
MUSEUM & CULTURAL PROGRAMS - SPLHT WILL OPEN THE FIRST, PROFESSIONALLY DEVELOPED AFRICAN AMERICAN MUSEUM IN MOORE COUNTY. IN 2023, SPLHT HIRED A CURATOR TO CREATE A PERMANENT EXHIBIT FOR THE MUSEUM. THE EXPENSES WERE RELATED TO THAT PROJECT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Gordon Board Chair | OfficerTrustee | 15 | $0 |
Asya Walden Secretary | OfficerTrustee | 4 | $0 |
Renee Moody Board Member | Trustee | 4 | $0 |
Nora Bowman Board Member | Trustee | 0 | $13,300 |
Ariadne Degarr Board Member | Trustee | 0 | $0 |
Oliver Hines Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,682 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $528,268 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $545,950 |
| Total Program Service Revenue | $0 |
| Investment income | $3,643 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,725 |
| 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 | $555,318 |
| 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. | $55,000 |
| Compensation of current officers, directors, key employees. | $55,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $9,754 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,537 |
| Office expenses | $2,379 |
| Information technology | $2,097 |
| Royalties | $0 |
| Occupancy | $53,553 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,081 |
| Insurance | $13,046 |
| All other expenses | $163,132 |
| Total functional expenses | $371,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,734 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $747,227 |
| Investments—publicly traded securities | $158,763 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,008,724 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,008,724 |
| Net assets with donor restrictions | $0 |
| 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 | $1,008,724 |