Tift County Residential Housing Corporation
- Assets
- $3.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Tifton, GA
- Founding
- 03/1989
- Data as of
- 10/2021
- EIN
- 58-1817915
Organization Overview
Tift County Residential Housing Corporation is located in Tifton, GA. The organization was established in 1989. 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. As of 10/2021, Tift County Residential Housing Corporation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tift County Residential Housing 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 10/2021, Tift County Residential Housing Corporation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $1.1m during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 6 years. 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 PROVIDE SAFE,AFFORDABLE AND SANITARY HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SAFE, AFFORDABLE, AND SANITARY HOUSING TO A LARGE NUMBER OF INDIVIDUALS OF LOW TO MODERATE INCOME.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrell Wiggins Vice President | OfficerTrustee | 24 | $27,479 |
Rodney Griffin President | OfficerTrustee | 0 | $0 |
Janet Retterbush-Guerke Secretary/treas | OfficerTrustee | 0 | $0 |
Willie Mae Albert Director | Trustee | 0 | $0 |
Dr Homer Day Director | Trustee | 0 | $0 |
Royal F Rankin Director | Trustee | 0 | $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 | $13,785 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,785 |
| Total Program Service Revenue | $1,088,776 |
| Investment income | $4,883 |
| 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 | $1,107,444 |
| 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. | $27,479 |
| Compensation of current officers, directors, key employees. | $13,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $408,703 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,914 |
| Payroll taxes | $33,106 |
| Fees for services: Management | $19,412 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $6,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,191 |
| Insurance | $74,092 |
| All other expenses | $15,981 |
| Total functional expenses | $1,105,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $779,551 |
| Savings and temporary cash investments | $352,963 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,847 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $251,076 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,839 |
| Net Land, buildings, and equipment | $2,052,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $699 |
| Total assets | $3,472,003 |
| Accounts payable and accrued expenses | $67,950 |
| 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 | $426,683 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,464 |
| Total liabilities | $550,097 |
| Net assets without donor restrictions | $2,787,887 |
| Net assets with donor restrictions | $134,019 |
| 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 | $3,472,003 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity Of Collier County Inc Naples, FL | $122,499,137 | $30,188,706 |
I M Sulzbacher Center For The Homeless Inc Jacksonville, FL | $19,053,781 | $20,126,235 |
Housing Partnership Inc Riviera Beach, FL | $13,058,186 | $17,518,413 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
Opa-Locka Community Development Corporation Inc Opa Locka, FL | $85,273,967 | $19,527,204 |
Orlando Neighborhood Improvement Corporation Inc Orlando, FL | $57,656,701 | $16,159,756 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Habitat For Humanity International Inc Tampa, FL | $16,516,073 | $18,669,195 |
Guardian Center Inc Ooltewah, TN | $1,527,267 | $10,632,560 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |
Habitat For Humanity International Inc Jacksonville, FL | $26,227,920 | $12,923,898 |