Lowcountry Regional Development Corporation
- Assets
- $431.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Yemassee, SC
- Founding
- 12/1983
- Data as of
- 09/2022
- EIN
- 57-0760598
Organization Overview
Lowcountry Regional Development Corporation is located in Yemassee, SC. The organization was established in 1983. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowcountry Regional Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2022, Lowcountry Regional Development Corporation generated $43.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (67.3%) each year. All expenses for the organization totaled $3.5k during the year ending 09/2022. 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
STIMULATING ECONOMIC DEVELOPMENT IN A FOUR-COUNTY AREA BY MAKING VARIOUS FINANCING OPTIONS AND BUSINESS SITES AVAILABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Cromer Board Member | 2 | $0 | |
Gerald Dawson Exec Cmte | 2 | $0 | |
Herbert Glaze Board Member | 2 | $0 | |
Mary Beth Heyward Board Member | 2 | $0 | |
Paul Sommerville Board Member | 2 | $0 | |
Chris Hervochon Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $43 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $43 |
| 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 | $3,505 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $35 |
| Total expenses | $3,540 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $431,879 |
| Other assets | $0 |
| Total assets | $431,879 |
| Total liabilities | $83,500 |
| Net assets or fund balances | $348,379 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Revitalization And Reservation Corporation Raleigh, NC | $42,174,048 | $6,127,827 |
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Macon Program For Progress Inc Franklin, NC | $4,140,182 | $6,952,364 |
Lowcountry Community Action Agency 807 Hampton Walterboro, SC | $2,100,801 | $6,798,498 |
South Carolina Association Of Community Action Partnerships Columbia, SC | $5,897,085 | $5,969,742 |
St James Plantation Property Owners Association Inc Southport, NC | $7,137,259 | $6,065,011 |
Fcs Urban Ministries Inc Atlanta, GA | $14,341,492 | $9,768,608 |
Greater Lake City Alliance Lake City, SC | $96,049,976 | $19,968,830 |
West Central Georgia Community Action Council Inc Montezuma, GA | $642,760 | $3,371,708 |
Central Piedmont Community Action Inc Siler City, NC | $712,195 | $3,336,441 |
El Centro Hispano Inc Durham, NC | $2,717,075 | $4,375,349 |
Central Atlanta Progress Inc Atlanta, GA | $5,979,541 | $3,089,217 |