City Of Sumter Housing & Economic Developement Corporation
- Assets
- $4.7m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Sumter, SC
- Founding
- 10/1998
- Data as of
- 06/2022
- EIN
- 58-2338582
Organization Overview
City Of Sumter Housing & Economic Developement Corporation is located in Sumter, SC. The organization was established in 1998. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. City Of Sumter Housing & Economic Developement Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, City Of Sumter Housing & Economic Developement Corporation has awarded 26 individual grants totaling $5,436,084. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT / CONDUCT ACTIVITIES THAT MAY PROVIDE HOUSING, ECONOMIC DEVELOPMENT, DOWNTOWN REVITALIZATION, HISTORIC PRESERVATION AND COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COMBAT COMMUNITY DETERIORATION THROUGH RESIDENTIAL AND COMMERCIAL DEVELOPMENT AND REVITALIZATION, ECONOMIC DEVELOPMENT AND HISTORIC PRESERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gale Player Chair Of Boa | OfficerTrustee | 1 | $0 |
Deron Mccormick Treasurer | Officer | 1 | $0 |
Mary Kolb Board Member | Trustee | 1 | $0 |
Rosalind Doughty Board Member | Trustee | 1 | $0 |
Senthia Conyers Board Member | Trustee | 1 | $0 |
David Sanders 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 | $2,369,077 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,369,077 |
| Total Program Service Revenue | $0 |
| Investment income | $12,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,384,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,178,686 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $662 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $11,696 |
| Total functional expenses | $2,191,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,264,903 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,167 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $107,569 |
| Inventories for sale or use | $257,269 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,664,908 |
| Accounts payable and accrued expenses | $337,801 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $337,801 |
| Net assets without donor restrictions | $0 |
| 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 | $4,327,107 |
| Total liabilities and net assets/fund balances | $4,664,908 |
Grants Awarded
Over the last fiscal year, City Of Sumter Housing & Economic Developement Corporation has awarded $2,176,320 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF SUMTER PURPOSE: PALMETTO TENNIS CTR | $1,311,728 |
CITY OF SUMTER PURPOSE: OPERA HOUSE | $452,351 |
CITY OF SUMTER PURPOSE: TOURISM BLDG & PARK | $300,000 |
CITY OF SUMTER PURPOSE: CROSSWELL PARK | $75,000 |
CITY OF SUMTER PURPOSE: SHOT POUCH GREENWAY | $37,241 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that City Of Sumter Housing & Economic Developement Corporation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
The Williams Brice Edwards Charitable Trust Sumter, SC PURPOSE: POLICE HOUSING | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeastern Housing And Community Development Barnwell, SC | $15,553,642 | $5,568,906 |
Distinctive Housing Solutions Inc Brunswick, GA | $6,407,391 | $5,577,789 |
Student Housing Of America Inc Atlanta, GA | $18,887,768 | $4,459,972 |
American Opportunity Foundation Inc Atlanta, GA | $36,469,989 | $25,080,242 |
City Of Sumter Housing & Economic Developement Corporation Sumter, SC | $4,664,908 | $2,384,397 |
Humanities Foundation Inc Mount Pleasant, SC | $30,885,789 | $3,824,255 |
Habitat For Humanity International Inc Summerville, SC | $4,637,729 | $2,350,715 |
Habitat For Humanity International Inc Brunswick, GA | $1,789,889 | $1,110,346 |
Habitat For Humanity International Inc Waynesville, NC | $2,225,841 | $1,631,877 |
Habitat For Humanity International Inc Albany, GA | $3,560,692 | $1,378,202 |
Trans Justice Housing Project Inc Atlanta, GA | $1,503,676 | $186,635 |
Community Housing Coalition Of Madison County Inc Marshall, NC | $630,474 | $1,089,529 |