Varnville Area Housing Corporation

Organization Overview

Varnville Area Housing Corporation is located in Varnville, SC. The organization was established in 1980. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Varnville Area Housing Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Varnville Area Housing Corporation 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, Varnville Area Housing Corporation generated $681.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $667.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FORMED TO CONSTRUCT AND OPERATE AN APARTMENT COMPLEX OF 48 UNITS UNDER SECTION 89 OF NATIONAL HOUSING ACT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ACQUIRE, CONSTRUCT, PROVIDE, AND OPERATE RENTAL HOUSING AND RELATED FACILITIES SUITED TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS OF ELIGIBLE OCCUPANTS WITHOUT REGARD TO RACE, COLOR, CREED, OR NATIONAL ORIGIN.


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Board, Officers & Key Employees

Name (title)Compensation
Eugene Jenkins
Director
$110,917
Henry Fields
Director
$0
Peggy Grill
Director
$0
Daisy Lawton
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
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$0
Total Program Service Revenue$681,245
Investment income $531
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 $681,776

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