Greenville Re-Development Coproration is located in Greenville, SC. The organization was established in 2015. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenville Re-Development Coproration 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, Greenville Re-Development Coproration generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (37.3%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. 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 FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING IN GREENVILLE, SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN AND OPERATE 109 UNITS OF SCATTER SITE AFFORDABLE LOW-INCOME FAMILY HOUSING
TO OWN AND OPERATING A 48 UNITS OF AFFORDABLE LOW-INCOME FAMILY HOUSING KNOWN AS VALLEY CREEK.
TO OWN AND OPERATING A 46 UNITS OF AFFORDABLE LOW-INCOME FAMILY HOUSING KNOWN AS ARCADIA HILLS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shawn Williams President | Officer | 8 | $0 |
Beth Clark Vice President | Officer | 8 | $0 |
Diane Keller Director | Trustee | 0.25 | $0 |
John Good Director | Trustee | 0.25 | $0 |
Susan Mclarty Vice Chair | Trustee | 0.25 | $0 |
Rachel Kepley Director | Trustee | 0.25 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $1,166,860 |
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 | $1,166,860 |
Total Program Service Revenue | $585,261 |
Investment income | $639 |
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 | $1,767,760 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $279,447 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $80,913 |
Payroll taxes | $0 |
Fees for services: Management | $238,309 |
Fees for services: Legal | $1,150 |
Fees for services: Accounting | $16,400 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $10,098 |
Advertising and promotion | $0 |
Office expenses | $42,651 |
Information technology | $2,084 |
Royalties | $0 |
Occupancy | $538,227 |
Travel | $344 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,786 |
Interest | $62,918 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $958,368 |
Insurance | $127,069 |
All other expenses | $0 |
Total functional expenses | $2,437,383 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,245,135 |
Savings and temporary cash investments | $1,095,574 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $98,889 |
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 | $75,614 |
Net Land, buildings, and equipment | $14,055,004 |
Investments—publicly traded securities | $0 |
Investments—other securities | $126,974 |
Investments—program-related | $2,394,870 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $19,092,060 |
Accounts payable and accrued expenses | $262,559 |
Grants payable | $0 |
Deferred revenue | $8,995 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $72,917 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $2,725,489 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $5,224 |
Total liabilities | $3,075,184 |
Net assets without donor restrictions | $16,016,876 |
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 | $19,092,060 |
Organization Name | Assets | Revenue |
---|---|---|
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |
American Opportunity Foundation Atlanta, GA | $34,585,201 | $5,667,158 |
Recovery Place Community Services Inc Savannah, GA | $2,985,458 | $7,587,530 |
Enable Of Georgia Inc Atlanta, GA | $1,473,747 | $7,388,233 |
Habitat For Humanity International Inc Wilmington, NC | $16,885,274 | $7,269,123 |
Atlanta Neighborhood Development Partnership Inc Atlanta, GA | $68,577,234 | $9,513,870 |
Housing Economic Reinvestment Opportunities Inc Macon, GA | $21,751,441 | $5,680,420 |
Habitat For Humanity International Inc Asheville, NC | $26,384,474 | $7,127,520 |
Habitat For Humanity International Inc Winstonsalem, NC | $12,123,144 | $5,823,081 |
Casa Raleigh, NC | $35,465,798 | $9,943,416 |
Companion Foundation Charleston, SC | $23,966,546 | $5,287,012 |