Greenville Affordable Housing Trust
- Assets
- $12.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, SC
- Founding
- Data as of
- 12/2021
- EIN
- 84-2931315
Organization Overview
Greenville Affordable Housing Trust is located in Greenville, SC. 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 Affordable Housing Trust 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 Affordable Housing Trust generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $884.8k during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 2 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENSURING GREENVILLE ACHIEVES HOUSING AFFORDABILITY SOLUTIONS TO MEET THE DIVERSE NEEDS OF OUR GROWING ECONOMY AND THRIVING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A CONVENER, ADVOCATE, INVESTOR, AND FUNDER, GHF ENGAGES WITH KEY PARTNERS, DEVELOPERS, ELECTED OFFICIALS, COMMUNITY STAKEHOLDERS, AND RESIDENTS TO INCREASE AND PRESERVE THE SUPPLY OF A VARIETY OF SAFE, ACCESSIBLE, HIGH-QUALITY, AFFORDABLE HOUSING CHOICES TO SUPPORT ECONOMIC GROWTH AND PROMOTE PROSPERITY FOR ALL CITIZENS THROUGHOUT GREENVILLE COUNTY. GHF SUPPORTED THE DEVELOPMENT AND PRESERVATION OF 225 UNITS OF AFFORDABLE HOUSING, COMPLETED A COMMUNITYWIDE AFFORDABLE HOUSING STRATEGIC PLAN, LAUNCHED THE GREENVILLE AFFORDABLE HOUSING COALITION TO SUPPORT ONGOING COMMUNITY EDUCATION, ADDED PARCELS TO OUR LAND BANK, AND SUPPORTED THE RENOVATION OF 9 OWNER-OCCUPIED SINGLE FAMILY HOMES THROUGH OUR HOMEOWNER PRESERVATION PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Brown President | Officer | 40 | $0 |
Merle Johnson Ex Officio | Trustee | 1 | $0 |
Carl Sobocinski Director | Trustee | 1 | $0 |
Bogue Wallin Past Chair | Trustee | 1 | $0 |
Dan Weidebenner Director | Trustee | 1 | $0 |
John Castile Ex Officio | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,118,401 |
| All other contributions, gifts, grants, and similar amounts not included above | $636,642 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,755,043 |
| Total Program Service Revenue | $414,269 |
| Investment income | $5,501 |
| 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 | $2,185,832 |
| 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. | $172,500 |
| Compensation of current officers, directors, key employees. | $28,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $369,481 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,763 |
| Fees for services: Accounting | $27 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52 |
| Advertising and promotion | $7,916 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,615 |
| 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 | $408 |
| Insurance | $11,776 |
| All other expenses | $1,214 |
| Total functional expenses | $884,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,637,740 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,947,848 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $59,760 |
| Net Land, buildings, and equipment | $1,730 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,572,158 |
| Total assets | $12,219,236 |
| Accounts payable and accrued expenses | $30,093 |
| Grants payable | $0 |
| Deferred revenue | $6,255,094 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,435,187 |
| Net assets without donor restrictions | $5,784,049 |
| 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 | $12,219,236 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Greenville Affordable Housing Trust has recieved totaling $341,000.
| Awarding Organization | Amount |
|---|---|
Hollingsworth Funds Inc Greenville, SC PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |
Hollingsworth Funds Inc Greenville, SC PURPOSE: GREENVILLE AFFORDABLE HOUSING COALITION | $50,000 |
United Way Of Greenville County Incorporated Greenville, SC PURPOSE: DONOR DESIGNATION | $40,000 |
Awt Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian College Clinton, SC | $178,788,042 | $82,344,801 |
Skill Creations Inc Goldsboro, NC | $13,834,048 | $44,435,808 |
Habitat For Humanity International Inc Raleigh, NC | $48,704,094 | $32,190,331 |
Montage Living Charlotte, NC | $133,680,991 | $23,940,845 |
Habitat For Humanity International Inc Charlotte, NC | $71,967,554 | $27,686,341 |
Habitat For Humanity In Atlanta Inc Atlanta, GA | $81,551,003 | $20,263,546 |
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 |