Grand Strand Housing Inc
- Assets
- $54.1k
- Revenue
- $51.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Surfside Beach, SC
- Founding
- 06/1994
- Data as of
- 06/2024
- EIN
- 57-0922765
Organization Overview
Grand Strand Housing Inc is located in Surfside Beach, SC. The organization was established in 1994. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Strand Housing 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 06/2024, Grand Strand Housing Inc generated $51.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $128.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (10.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE AND OR UNDERTAKE THE DEVELOPMENT OF AFFORDABLE HOUSING IN THE GRAND STRAND AREA, TO INCLUDE HORRY, GEORGETOWN & WILLIAMSBURG COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF LOW INCOME HOUSING; PROMOTING AND MANAGING THE DEVELOPMENT OF LOW INCOME HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Dettmer Executive Director | 40 | $48,000 | |
Greg Mcevoy Vice Chairman | Trustee | 2 | $0 |
John Stack Chairman | Trustee | 2 | $0 |
Mary Catherine Hyman Director | Trustee | 1 | $0 |
Erich Chatham Director | Trustee | 0.5 | $0 |
Grace Orr Treasurer | Trustee | 0.5 | $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 | $25,000 |
| Investment income | $621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,030 |
| 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 | $51,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $48,000 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,555 |
| Advertising and promotion | $0 |
| Office expenses | $8,766 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,983 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,937 |
| Insurance | $3,666 |
| All other expenses | $0 |
| Total functional expenses | $128,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,811 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300 |
| Total assets | $54,111 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,020 |
| Total liabilities | $1,020 |
| Net assets without donor restrictions | $53,091 |
| 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 | $54,111 |