Santee Lynches Affordable Housing And Community Development Corp
- Assets
- $22.0m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Sumter, SC
- Founding
- 07/1992
- Data as of
- 12/2021
- EIN
- 57-0951975
Organization Overview
Santee Lynches Affordable Housing And Community Development Corp is located in Sumter, SC. The organization was established in 1992. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Santee Lynches Affordable Housing And Community Development Corp employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santee Lynches Affordable Housing And Community Development Corp 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 12/2021, Santee Lynches Affordable Housing And Community Development Corp generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 14.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE COMMUNITIES BY PROVIDING QUALITY, SAFE, DECENT AND AFFORDABLE HOUSING AND OTHER FORMS OF ECONOMIC OPPORTUNITY THAT BENEFIT LOW INCOME INDIVIDUALS IN OUR 15 COUNTY SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CDC IS A PRIVATE, INDEPENDENT. COMMUNITY BASED, NOT-FOR-PROFIT WITH A 15 COUNTY SERVICE AREA. SANTEE LYNCHES HAS AN IRS 501(C)3 DESIGNATION AND IS A RECOGNIZED STATE AND LOCAL CHDO. THE FOCUS OF THE ORGANIZATION IS RENEWABLE ENERGY AND INNOVATIVE HOUSING DEVELOPMENT THAT MOVE FAMILES TOWARD HOMEOWNWERSHIP. RENTAL PROGRAM SANTEE-LYNCHES RENTS QUALITY, SAFE, DECENT AND AFFORDABLE APARTMENTS AND HOUSES TO ELIGIBLE LOW TO MODERATE INCOME HOUSEHOLDS. TO BE ELIGIBLE, HOUSEHOLDS MUST FALL WITHIN THE INCOME GUIDELINES ESTABLISHED BY HUD PER HOUSEHOLD SIZE. CONTINUED AT SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Robbins Chairperson | OfficerTrustee | 1 | $0 |
Shirley Keels Secretary/tr | OfficerTrustee | 1 | $0 |
John Clinton Vice Chairpe | OfficerTrustee | 1 | $0 |
Luis Rodriguez President | Officer | 40 | $0 |
Elijah Dinkins Board Member | Trustee | 1 | $0 |
Yvette Thomas Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $331,769 |
| 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 | $331,769 |
| Total Program Service Revenue | $3,188,685 |
| Investment income | $103 |
| 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 | $3,598,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $73,800 |
| 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 | $484,157 |
| Pension plan accruals and contributions | $18,413 |
| Other employee benefits | $23,928 |
| Payroll taxes | $38,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $83,896 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,059 |
| Travel | $4,513 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $238 |
| Interest | $205,540 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $679,288 |
| Insurance | $211,530 |
| All other expenses | $0 |
| Total functional expenses | $3,609,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,298,877 |
| 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 | $26,100 |
| Net Land, buildings, and equipment | $18,133,086 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,576,641 |
| Total assets | $22,034,704 |
| Accounts payable and accrued expenses | $19,924 |
| 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 | $6,963,868 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $503,151 |
| Total liabilities | $7,486,943 |
| Net assets without donor restrictions | $12,146,547 |
| Net assets with donor restrictions | $2,401,214 |
| 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 | $22,034,704 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Santee Lynches Affordable Housing And Community Development Corp has recieved totaling $10,500.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $10,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choanoke Area Development Assoc Rich Square, NC | $3,243,319 | $10,393,050 |
Association For Retarded Citizens Housing Development Services Inc Greensboro, NC | $38,855,283 | $9,434,004 |
Twin Rivers Opportunities Inc New Bern, NC | $1,111,953 | $5,873,122 |
John Sparks Manor Inc Union City, GA | $0 | $5,675,234 |
Larry Moore Manor Inc Union City, GA | $0 | $4,277,912 |
Rhg-Afforable Housing Ii Inc Atlanta, GA | $13,550,062 | $7,175,901 |
Broadway Towers Inc Atlanta, GA | $17,531,706 | $3,119,210 |
Partners In Hope Inc Myrtle Beach, SC | $10,489,405 | $3,015,967 |
C O R E Programs Inc Charlotte, NC | $3,904,146 | $3,649,405 |
Santee Lynches Affordable Housing And Community Development Corp Sumter, SC | $22,034,704 | $3,598,391 |
Clairmont Oaks Inc Decatur, GA | $12,058,022 | $3,642,909 |
Campbell-Stone North Apartments Inc Atlanta, GA | $5,676,706 | $3,972,920 |