Emanuel-Morris Brown-Ebenezer Apartments Inc
- Assets
- $6.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- West Columbia, SC
- Founding
- 05/1990
- Data as of
- 12/2023
- 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 12/2023, Emanuel-Morris Brown-Ebenezer Apartments Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 6.6% per year over the past 8 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 21 individual grants totaling $662,190. 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
2023
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 |
|---|---|---|---|
Leon Alston Director | Trustee | 0.5 | $0 |
Lee Bennett Director | Trustee | 0.5 | $0 |
Benny Burison Director | Trustee | 0.5 | $0 |
Douglas Gleaton Vice Chairma | Trustee | 0.5 | $0 |
Kathy W Heyward Director | Trustee | 0.5 | $0 |
Pricilla Heyward Director | 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 | $1,744,862 |
| 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 | $1,744,862 |
| Total Program Service Revenue | $780,075 |
| Investment income | $5,721 |
| 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 | $2,530,658 |
| 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 | $192,014 |
| Fees for services: Legal | $14,190 |
| Fees for services: Accounting | $27,731 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,975 |
| Office expenses | $78,194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,211,287 |
| Travel | $9,462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,608 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $249,880 |
| Insurance | $215,024 |
| All other expenses | $43,018 |
| Total functional expenses | $2,174,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,154 |
| Savings and temporary cash investments | $1,460,333 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,475 |
| 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 | $87,942 |
| Net Land, buildings, and equipment | $4,440,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $96,923 |
| Total assets | $6,317,724 |
| Accounts payable and accrued expenses | $114,291 |
| Grants payable | $0 |
| Deferred revenue | $9,380 |
| 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 | $389,692 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $58,583 |
| Total liabilities | $571,946 |
| Net assets without donor restrictions | $5,745,778 |
| 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 | $6,317,724 |
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 |
EBENEZER AME CHURCH PURPOSE: GENERAL SUPPORT | $35,000 |