Laurel Estates Inc
- Assets
- $208.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 07/1976
- Data as of
- 12/2022
- EIN
- 57-0602821
Organization Overview
Laurel Estates Inc is located in Columbia, SC. The organization was established in 1976. 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. Laurel Estates 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 12/2022, Laurel Estates Inc generated $134.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $98.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE PROGRAM EXIST SOLELY FOR THE PURPOSE OF MAINTAINING A LOW TO MODERATE HOUSING PROJECT WHICH CONSIST OF 20 UNITS(1 BEDROOM). ALL EXPENSES ARE ATTRIBUTABLE TO THE OPERATIONS OF THE PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Gasque President | 1 | $0 | |
Kyle Harrelson Agent | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,697 |
| Total Program Service Revenue | $70,515 |
| Membership dues | $0 |
| Investment income | $54 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $134,266 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $17,660 |
| Occupancy, rent, utilities, and maintenance | $19,033 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $61,327 |
| Total expenses | $98,020 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $137,301 |
| Other assets | $0 |
| Total assets | $208,313 |
| Total liabilities | $24,158 |
| Net assets or fund balances | $184,155 |