Croft House INC: FY2021 Nonprofit Profile & Form 990 (EIN 57-0640593)

Revenue by fiscal year
FY2021	$1.1M
FY2022	$1.0M
FY2023	$1.0M
FY2024	$1.1M
FY2025	$1.1M

Expenses by fiscal year
FY2021	$933K
FY2022	$963K
FY2023	$1.0M
FY2024	$1.1M
FY2025	$1.0M

Net assets by fiscal year
FY2021	−$1000K
FY2022	−$934K
FY2023	−$912K
FY2024	−$950K
FY2025	−$865K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1977.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

75%

25%

Program services 75% · $701K Management & general 25% · $232K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Charles Burhans

President

$0Pt VII · Sec A

Pete Goldschmidt

Vice President

$0Pt VII · Sec A

Richard Mark

Treasurer

$0Pt VII · Sec A

Tom McHenry

Secretary

$0Pt VII · Sec A

Bill Hillan

Director

$0Pt VII · Sec A

John Fisher

Director

$0Pt VII · Sec A

Deborah Calhoun

Director

$0Pt VII · Sec A

Ellene Southerland

Director

$0Pt VII · Sec A

See Croft House INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides housing for low-income elderly individuals in Aiken, South Carolina.

Questions for Croft House INC

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1 program · $701K · in their own filed words · FY2020

01

Croft house, inc. (the "corporation") is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of south carolina. The corporation was formed for the purpose of operating a 60 unit community known as croft house (the "property") located in aiken, south carolina, which provides housing for…

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 57-0640593) · Dispute this line

$701Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Sep 2025 · $2.4M federal money spent

Mortgage Insurance Rental HousingDepartment of Housing and Urban Development · ALN 14.134 · Direct$1.7M

Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$643K

Multifamily Housing Service CoordinatorsDepartment of Housing and Urban Development · ALN 14.191 · Direct$65K

The auditor reported no findings.

Year ending Sep 2024 · $2.4M federal money spent

Mortgage Insurance_rental HousingDepartment of Housing and Urban Development · ALN 14.134 · Direct$1.7M

Project Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$598K

Multifamily Housing Service CoordinatorsDepartment of Housing and Urban Development · ALN 14.191 · Direct$93K

The auditor reported no findings.

Year ending Sep 2023 · $2.5M federal money spent

Mortgage Insurance_rental HousingDepartment of Housing and Urban Development · ALN 14.134 · Direct$1.8M

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$591K

Multifamily Housing Service CoordinatorsDepartment of Housing and Urban Development · ALN 14.191 · Direct$71K

The auditor reported no findings.

Year ending Sep 2022 · $2.5M federal money spent

Mortgage Insurance-Rental Housing - Balance of Mortgage Loan as of October 1, 2021, Under Section 207 Pursuant to 223(f) of the National Housing ActDepartment of Housing and Urban Development · ALN 14.134 · Direct$1.9M

Section 8 Housing Assistance PaymentsDepartment of Housing and Urban Development · ALN 14.195 · Direct$581K

Multifamily Housing Service CoordinatorDepartment of Housing and Urban Development · ALN 14.191 · Direct$68K

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.1M

Ln 12

Gifts and grantsLn 1h$656K

Fees for servicesLn 2g$361K

Other incomeLn 4–11$86K

Money outPt IX

$933K

Ln 25

Programscol B$701K

Managementcol C$232K

Owns and owesPt X

−$1000K

net assets · Ln 32

Cash and savingsLn 1–2$45K

Total assetsLn 16$921K

LiabilitiesLn 26$1.9M

PeoplePt VI, VII

14

listed · VII A

PaidVII A0

Voting boardVI 1a14

IndependentVI 1b14

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$656K

Government grantsLn 1e$656K

Fees for servicesLn 2g$361K

Investment incomeLn 3$103

Other incomeLn 4–11$86K

Total revenueLn 12$1.1M

Assets in detailPt X, end of year

CashLn 1$45K

Cash and savings togetherLn 1–2$45K

Accounts receivableLn 4$6K

Prepaid expenses and deferred chargesLn 9$33K

Land, buildings, equipmentLn 10c$422K

InvestmentsLn 11–13$348K

Intangible assetsLn 14$48K

Other assetsLn 15$20K

Total assetsLn 16$921K

LiabilitiesLn 26$1.9M

Net assetsLn 32−$1000K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$7K	$45K
InvestmentsLn 11–13	$318K	$348K
Land, buildings, equipmentLn 10c	$396K	$422K
Total assetsLn 16	$816K	$921K
LiabilitiesLn 26	$2.0M	$1.9M
Net assetsLn 32	−$1.2M	−$1000K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$39K		$39K
Accounting feesLn 11c	$4K		$4K
Office expensesLn 13	$39K		$39K
OccupancyLn 16	$364K	$364K
TravelLn 17	$287		$287
Conferences, conventions and meetingsLn 19	$1K		$1K
Depreciation, depletion and amortizationLn 22	$71K	$71K
InsuranceLn 23	$9K	$9K
Other expenses (24a–d)Ln 24	$402K	$257K	$145K
All other expensesLn 24e	$3K		$3K
Total functional expensesLn 25	$933K	$701K	$232K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Dec 16, 2025	$1.1M	$1.0M	$85K	−$865K	990 PDF
FY2024Filed with the IRS Apr 1, 2025	$1.1M	$1.1M	−$38K	−$950K	990 PDF
FY2023Filed with the IRS Jul 17, 2024	$1.0M	$1.0M	$21K	−$912K	990 PDF
FY2022Filed with the IRS May 29, 2023	$1.0M	$963K	$66K	−$934K	990 PDF
FY2021 ViewingFiled with the IRS Feb 3, 2022	$1.1M	$933K	$171K	−$1000K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2021 990

Part I · Summary $1,103,612 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $627,641$655,601

I-9 Program service revenuePrior year $349,138$361,440

I-10 Investment incomePrior year $137$103

I-11 Other revenuePrior year $18,140$86,468

I-12 Total revenuePrior year $995,056$1,103,612

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $905,672$932,787

I-18 Total expensesPrior year $905,672$932,787

I-19 Revenue less expensesPrior year $89,384$170,825

Part VI · Governance 14 of 14 board members independent, 1 to look at

VI-1a Voting members of the governing body14

VI-1b Independent voting members14

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $1,103,612 across 6 lines filed

VIII-1e Government grants$655,601

VIII-1h Total contributions, gifts and grants$655,601

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $361,440$361,440

VIII-3 Investment incomeExcluded from tax $103$103

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $86,468$86,468

VIII-12 Total revenueRelated to mission $361,440 · Unrelated business $0 · Excluded from tax $86,571$1,103,612

Part IX · Statement of functional expenses $932,787 across 10 lines filed

IX-11a Management feesManagement $39,103$39,103

IX-11c Accounting feesManagement $4,500$4,500

IX-13 Office expensesManagement $38,658$38,658

IX-16 OccupancyPrograms $363,939$363,939

IX-17 TravelManagement $287$287

IX-19 Conferences, conventions and meetingsManagement $1,288$1,288

IX-22 Depreciation, depletion and amortizationPrograms $71,474$71,474

IX-23 InsurancePrograms $8,757$8,757

IX-24 Other expenses (24a–d)Programs $256,622 · Management $145,336$401,958

IX-24e All other expensesManagement $2,823$2,823

IX-25 Total functional expensesPrograms $700,792 · Management $231,995 · Fundraising $0$932,787

Part X · Balance sheet $921,444 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $6,797$44,506

X-4 Accounts receivableStart of year $5,996$5,613

X-9 Prepaid expenses and deferred chargesStart of year $19,057$32,793

X-10c Land, buildings and equipment, netStart of year $395,739$421,803

X-13 Program-related investmentsStart of year $317,651$348,402

X-14 Intangible assetsStart of year $50,421$48,033

X-15 Other assetsStart of year $20,185$20,294

X-16 Total assetsStart of year $815,846$921,444

X-17 Accounts payable and accrued expensesStart of year $17,995$13,669

X-19 Deferred revenueStart of year $12$60

X-23 Secured mortgages and notes payableStart of year $1,948,278$1,887,220

X-25 Other liabilitiesStart of year $20,185$20,294

X-26 Total liabilitiesStart of year $1,986,470$1,921,243

X-27 Net assets without donor restrictionsStart of year −$1,170,624−$999,799

X-32 Total net assets or fund balancesStart of year −$1,170,624−$999,799

X-33 Total liabilities and net assetsStart of year $815,846$921,444

Part XI · Reconciliation of net assets −$999,799 net assets at year end

XI-1 Total revenue$1,103,612

XI-2 Total expenses$932,787

XI-3 Revenue less expenses$170,825

XI-4 Net assets at start of year−$1,170,624

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$999,799

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Croft House INC FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Croft House INC

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV