Greenville Re-Development Coproration
- Assets
- $17.8m
- Revenue
- $1.7m
- Investments
- $127.0k
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 12/2015
- Data as of
- 12/2022
- EIN
- 47-1060223
Organization Overview
Greenville Re-Development Coproration is located in Greenville, SC. The organization was established in 2015. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Greenville Re-Development Coproration 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, Greenville Re-Development Coproration generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (32.9%) each year. All expenses for the organization totaled $2.8m 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
TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING IN GREENVILLE, SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN AND OPERATE 109 UNITS OF SCATTER SITE AFFORDABLE LOW-INCOME FAMILY HOUSING
TO OWN AND OPERATING A 48 UNITS OF AFFORDABLE LOW-INCOME FAMILY HOUSING KNOWN AS VALLEY CREEK.
TO OWN AND OPERATING A 46 UNITS OF AFFORDABLE LOW-INCOME FAMILY HOUSING KNOWN AS ARCADIA HILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Williams President & CEO | Officer | 8 | $0 |
Peter Byford Chairman | Trustee | 0.25 | $0 |
Racquel E Collier Vice Chair | Trustee | 0.25 | $0 |
Patience Johnson Director | Trustee | 0.25 | $0 |
Ericka Reyes Director | Trustee | 0.25 | $0 |
Jacqueline Burton Mills Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,130,668 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,130,668 |
| Total Program Service Revenue | $546,362 |
| Investment income | $409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,677,439 |
| 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 | $329,761 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,363 |
| Payroll taxes | $0 |
| Fees for services: Management | $242,598 |
| Fees for services: Legal | $1,163 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,239 |
| Advertising and promotion | $0 |
| Office expenses | $43,435 |
| Information technology | $3,769 |
| Royalties | $0 |
| Occupancy | $828,278 |
| Travel | $287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,635 |
| Interest | $62,121 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $959,942 |
| Insurance | $138,212 |
| All other expenses | $0 |
| Total functional expenses | $2,822,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $982,534 |
| Savings and temporary cash investments | $1,094,783 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $124,572 |
| 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 | $83,584 |
| Net Land, buildings, and equipment | $13,222,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $126,974 |
| Investments—program-related | $2,209,396 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,844,197 |
| Accounts payable and accrued expenses | $181,164 |
| Grants payable | $0 |
| Deferred revenue | $41,782 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $72,626 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,671,612 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,224 |
| Total liabilities | $2,972,408 |
| Net assets without donor restrictions | $14,871,789 |
| 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 | $17,844,197 |