South Holston Development Corporation
- Assets
- $112.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gray, TN
- Founding
- 07/1985
- Data as of
- 06/2023
- EIN
- 58-1623903
Organization Overview
South Holston Development Corporation is located in Gray, TN. The organization was established in 1985. 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. South Holston 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 06/2023, South Holston Development Corporation generated $93.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $55.2k during the year ending 06/2023. While expenses have increased by 6.1% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
RESIDENTIAL GROUP HOME SERVICE FOR CHRONIC MENTALLY ILL ADULTS 8 SUBSIDIZED BY THE US DEPARTMENT OF HOUSING URBAN DEVELOPMENT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Bowen Secretary | 0 | $0 | |
Virginia Ginger Naseri Vice President | 0 | $0 | |
Kristie Hammonds President | 0 | $0 | |
Rachel Parsons Tresurer | 0 | $0 | |
Sherri Feathers Board Member | 0 | $0 | |
Eric Greene Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,355 |
| Total Program Service Revenue | $67,420 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $93,776 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $55,157 |
| Total expenses | $55,157 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,001 |
| Other assets | $0 |
| Total assets | $112,526 |
| Total liabilities | $159,174 |
| Net assets or fund balances | -$46,648 |