Southern Carolina Regional Community Development Corporation
- Assets
- $2.5m
- Revenue
- $444.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Denmark, SC
- Founding
- 06/1999
- Data as of
- 06/2022
- EIN
- 57-1066960
Organization Overview
Southern Carolina Regional Community Development Corporation is located in Denmark, SC. The organization was established in 1999. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Southern Carolina Regional Community Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Carolina Regional Community Development Corporation 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 06/2022, Southern Carolina Regional Community Development Corporation generated $444.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $369.5k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE REVITALIZATION OF THE VOORHEES COLLEGE COMMUNITY, BAMBERG COUNTY, AND THE SOUTHERN CAROLINA REGION THROUGH HOUSING DEVELOPMENT, ECONOMIC DEVELOPMENT, EMPOWERMENT, AND THE OVERALL IMPROVEMENT OF THE QUALITY OF LIFE FOR LOW TO MODERATE INCOME RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE QUALITY RENTAL HOUSING FOR LOW TO MODERATE INCOME FAMILIES AND INDIVIDUALS IN BAMBERG COUNTY
REPAIR, REHAB, AND IMPROVE ENERGY EFFICIENCY TO QUALIFYING HOMES OF LOW TO MODERATE INCOME HOMEOWNERS
GRANTS TO PURCHASE HOMES TO BE RENTED AND MAINTAINED FOR QUALIFYING LMI FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Freeman Secretary | OfficerTrustee | 1 | $0 |
Jake Bookard Chairman | OfficerTrustee | 1 | $0 |
Roosevelt Bryant Vice Chairman | OfficerTrustee | 1 | $0 |
Norman Lofton Board Member | Trustee | 1 | $0 |
Gerald Wright Board Member | Trustee | 1 | $0 |
Janeth Walker Board Member | Trustee | 1 | $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 | $142,325 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,325 |
| Total Program Service Revenue | $301,335 |
| Investment income | $41 |
| 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 | $444,501 |
| 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. | $77,844 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,233 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,006 |
| Payroll taxes | $7,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,456 |
| Advertising and promotion | $877 |
| Office expenses | $250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,141 |
| Travel | $833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75 |
| Interest | $12,814 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,272 |
| Insurance | $30,203 |
| All other expenses | $1,026 |
| Total functional expenses | $369,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,454 |
| Savings and temporary cash investments | $30,038 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,360 |
| 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 | $20,350 |
| Net Land, buildings, and equipment | $2,191,318 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $2,531,020 |
| Accounts payable and accrued expenses | $3,377 |
| Grants payable | $0 |
| Deferred revenue | $935 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $22,798 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $361,711 |
| Unsecured mortgages and notes payable | $21,230 |
| Other liabilities | $0 |
| Total liabilities | $410,051 |
| Net assets without donor restrictions | $1,002,413 |
| Net assets with donor restrictions | $1,118,556 |
| 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 | $2,531,020 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southern Carolina Regional Community Development Corporation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
South Carolina Association For Community Economic Development Charleston, SC PURPOSE: Affordable Rental Houshing Project | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Middle Georgia Community Action Agency Inc Warner Robins, GA | $16,341,072 | $22,831,076 |
Lions Services Inc Charlotte, NC | $6,497,878 | $15,970,949 |
Randolph Community Service Inc Randleman, NC | $1,820,869 | $8,445,154 |
Jaars Inc Waxhaw, NC | $12,433,340 | $6,450,483 |
Pee Dee Coalition Against Domestic And Sexual Assault Florence, SC | $7,943,993 | $6,463,793 |
Heart Of Ga Community Action Council Inc Warner Robins, GA | $1,148,335 | $3,700,784 |
Community Assistance Center Inc Atlanta, GA | $5,646,342 | $4,660,397 |
Mt Olive Community Outreach Center Inc Albany, GA | $5,405,895 | $2,935,637 |
Onslow Community Outreach Inc Jacksonville, NC | $3,700,480 | $2,894,455 |
Georgia Mountain Womens Center Inc Cornelia, GA | $2,086,462 | $1,989,958 |
Cabarrus Victims Assistance Network Concord, NC | $5,605,674 | $2,157,586 |
Project Safe Inc Athens, GA | $2,591,445 | $1,791,637 |