Spartanburg Leased Housing Corporation
- Assets
- $1.8m
- Revenue
- $217.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- Data as of
- 09/2016
- EIN
- 90-0140291
Organization Overview
Spartanburg Leased Housing Corporation is located in Spartanburg, SC. Spartanburg Leased 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS TO DEVELOP DECENT, SAFE AND SANITARY HOUSING FOR PERSONS OF LOW INCOME IN THE CITY AND COUNTY OF SPARTANBURG, SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LOW INCOME HOUSING FOR APPROXIMATELY 5 ELDERLY INDIVIDUALS IN THE CITY OF SPARTANBURG IN 32 SECTION 8 HAP ASSISTED LIVING UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Cole President | OfficerTrustee | $0 | |
Chris Steed Vice Preside | OfficerTrustee | $0 | |
Terril Bates Executive Di | Officer | $0 | |
Robert Hughes Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,977 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,296 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,966 |
| Statement of Expenses | |
|---|---|
| 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 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 | $44,998 |
| Fees for services: Legal | $45 |
| Fees for services: Accounting | $7,519 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $166 |
| Office expenses | $262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,326 |
| Travel | $1,330 |
| 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 | $77,357 |
| Insurance | $24,394 |
| All other expenses | $0 |
| Total functional expenses | $260,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,249 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $154 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $300,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,735 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $160 |
| Total assets | $1,782,307 |
| Accounts payable and accrued expenses | $48,378 |
| 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 | $103,547 |
| Total liabilities | $151,925 |
| Net assets without donor restrictions | $1,630,382 |
| 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 |
| Total liabilities and net assets/fund balances | $1,630,382 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Spartanburg Leased Housing Corporation has recieved totaling $38,956.
| Awarding Organization | Amount |
|---|---|
Spartanburg County Foundation Spartanburg, SC PURPOSE: HOUSING DEVELOPMENT | $19,478 |
Spartanburg County Foundation Spartanburg, SC PURPOSE: HOUSING DEVELOPMENT | $19,478 |
View Grant Recipient Profile
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