Csg Residential Inc is located in Columbus, GA. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Csg Residential Inc 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 06/2021, Csg Residential Inc generated $428.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $388.9k during the year ending 06/2021. 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
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING, BUT NOT LIMITED TO, BUILDING AND OPERATING A MULTIFAMILY RENTAL HOUSING PROJECT KNOWN AS "GENTIAN OAK APARTMENTS- AND ANY OTHER PROJECTS AS THE BOARD OF DIRECTORS MAY DETERMINE TO BE IN THE CORPORATION'S BEST INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AFFORDABLE HOUSING TO RESIDENTS OF COLUMBUS, GEORGIA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sheila Crisp Secretary/tr | Officer | 1 | $0 |
Laura Johnson Vice Preside | Officer | 1 | $0 |
Lisa Walters President | Officer | 1 | $0 |
Charles Alexander Director | Trustee | 1 | $0 |
Edward Burdeshaw Director | Trustee | 1 | $0 |
R Larry Cardin Director | Trustee | 1 | $0 |
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 | $427,310 |
Investment income | $1,286 |
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 | $428,596 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $25,200 |
Fees for services: Legal | $167 |
Fees for services: Accounting | $1,343 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $130,313 |
Advertising and promotion | $3,385 |
Office expenses | $3,872 |
Information technology | $13,721 |
Royalties | $0 |
Occupancy | $127,404 |
Travel | $1,026 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $32,064 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $31,945 |
Insurance | $14,448 |
All other expenses | $0 |
Total functional expenses | $388,928 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $44,343 |
Savings and temporary cash investments | $374,000 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $62 |
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 | $15,929 |
Net Land, buildings, and equipment | $812,884 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $388 |
Total assets | $1,247,606 |
Accounts payable and accrued expenses | $37,715 |
Grants payable | $0 |
Deferred revenue | $11,388 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $24,485 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $787,862 |
Other liabilities | $0 |
Total liabilities | $861,450 |
Net assets without donor restrictions | $386,156 |
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 | $1,247,606 |
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