Emanuel-Morris Brown-Ebenezer Apartments Inc
- Assets
- $6.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- West Columbia, SC
- Founding
- 05/1990
- Data as of
- 12/2021
- EIN
- 57-0513881
Organization Overview
Emanuel-Morris Brown-Ebenezer Apartments Inc is located in West Columbia, SC. The organization was established in 1990. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Emanuel-Morris Brown-Ebenezer Apartments Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Emanuel-Morris Brown-Ebenezer Apartments Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Emanuel-Morris Brown-Ebenezer Apartments Inc has awarded 18 individual grants totaling $557,190. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWNERSHIP AND OPERATION OF MULTIFAMILY APARTMENT COMPLEXES IN JAMES ISLAND, CONWAY, AND DARLINGTON, SOUTH CAROLINA, UNDER SECTION 8 OF THE HOUSING ACT OF 1937.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benny Burison Director | Trustee | 0.5 | $0 |
Windell T Lawrence Director | Trustee | 0.5 | $0 |
Leon Alston Director | Trustee | 0.5 | $0 |
Rev Eric Manning Director | Trustee | 0.5 | $0 |
Lee Bennett Director | Trustee | 0.5 | $0 |
Douglas Gleaton Vice Chairman | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southern Development Management Company Management And Bookkeeping Fees | 12/30/21 | $204,738 |
Nationwide Insurance And Financial Servi Insurance | 12/30/21 | $144,061 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,859,388 |
| 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 | $1,859,388 |
| Total Program Service Revenue | $523,350 |
| Investment income | $72 |
| 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 | $2,440,836 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $190,506 |
| Fees for services: Legal | $23,347 |
| Fees for services: Accounting | $26,957 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20 |
| Office expenses | $80,039 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,303,529 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,961 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $272,633 |
| Insurance | $228,130 |
| All other expenses | $56,402 |
| Total functional expenses | $2,323,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900,468 |
| Savings and temporary cash investments | $74,861 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,028 |
| 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 | $134,505 |
| Net Land, buildings, and equipment | $4,951,380 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,959 |
| Total assets | $6,126,201 |
| Accounts payable and accrued expenses | $208,370 |
| Grants payable | $0 |
| Deferred revenue | $18,573 |
| 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 | $709,449 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,959 |
| Total liabilities | $988,351 |
| Net assets without donor restrictions | $5,137,850 |
| 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 | $6,126,201 |
Grants Awarded
Over the last fiscal year, Emanuel-Morris Brown-Ebenezer Apartments Inc has awarded $105,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EMANUEL AME CHURCH PURPOSE: GENERAL SUPPORT | $35,000 |
MORRIS BROWN AME CHURCH PURPOSE: GENERAL SUPPORT | $35,000 |
Charleston, SC PURPOSE: GENERAL SUPPORT | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home-Hickory West Inc Salisbury, NC | $4,616,109 | $14,117,518 |
Lutheran Home - Wilmington Inc Salisbury, NC | $3,485,965 | $12,654,546 |
Community Affordable Housing Equity Corporation Raleigh, NC | $30,228,876 | $11,307,712 |
Lutheran Home-Albemarle Inc Salisbury, NC | $5,090,743 | $9,142,249 |
Passage Home Inc Raleigh, NC | $13,185,958 | $5,411,567 |
Covenant House Georgia Inc Atlanta, GA | $22,755,199 | $6,304,494 |
Seacliff Village Shopping Center Inc Charlotte, NC | $151,078,311 | $8,901,233 |
South Carolina Community Loan Fund Charleston, SC | $42,539,456 | $4,959,016 |
Pittsboro Christian Village Inc Pittsboro, NC | $6,409,750 | $2,568,383 |
Emanuel-Morris Brown-Ebenezer Apartments Inc West Columbia, SC | $6,126,201 | $2,440,836 |
Triangle Apartment Association Inc Raleigh, NC | $3,309,696 | $1,758,249 |
Movement Resources Fort Mill, SC | $232,553,205 | $215,498,226 |