District Elderly Housing Development Corporation FY2020 filing

Tax-deductible

West Columbia, SC501(c)(3)Since 1981HousingEIN 57-0715439Revenue $538K in FY2020

On file with the IRS1403 Jaret CT, 29169-2428 · West Columbia, SCTax-exempt since Jul 1981Publicly supported — 509(a)(2)

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To provide for lower income Elderly or handicapped families and persons on a non-profit below cost basis rental Housing and related facilities and services specifically designed to meet the physical, social, and psychological needs of the aged or handicapped, and contribute to their health, security, happiness, and usefulness in longer living.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $79K a year · 14% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
107% of total assets
Concern: liabilities are 107% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$538K
Spent
$458K
To programs
89%
Net assets
−$70K
By yearFY2020–FY2025
Revenue
$538K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$538K
FY2021$528K
FY2022$540K
FY2023$561K
FY2024$583K
FY2025$590K
Expenses
$458K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$458K
FY2021$435K
FY2022$487K
FY2023$467K
FY2024$532K
FY2025$491K
Net assets
−$70K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$70K
FY2021$23K
FY2022$76K
FY2023$170K
FY2024$221K
FY2025$320K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1981.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $407K Management & general 11% · $51K

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

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See District Elderly Housing Development Corporation executive salaries →

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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

District Elderly Housing Development Corporation is a housing nonprofit based in West Columbia, SC, formed in 1981.

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Provided by the organization

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1 program · $407K · in their own filed words · FY2020
01

Ownership and operation of asbury arms, a multifamily apartment complex located in west columbia, south carolina, under section 202 and section 8 of the national housing act.

$407Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$538K
Ln 12
Gifts and grantsLn 1h$336K
Fees for servicesLn 2g$178K
Other incomeLn 4–11$24K
Money outPt IX
$458K
Ln 25
Programscol B$407K
Managementcol C$51K
Owns and owesPt X
−$70K
net assets · Ln 32
Cash and savingsLn 1–2$451K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$336K
Government grantsLn 1e$336K
Fees for servicesLn 2g$178K
Investment incomeLn 3$403
Other incomeLn 4–11$24K
Total revenueLn 12$538K
Assets in detailPt X, end of year
CashLn 1$283K
SavingsLn 2$168K
Cash and savings togetherLn 1–2$451K
Land, buildings, equipmentLn 10c$472K
Other assetsLn 15$81K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.1M
Net assetsLn 32−$70K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$385K$451K
Land, buildings, equipmentLn 10c$521K$472K
Total assetsLn 16$999K$1.0M
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32−$151K−$70K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$42K$42K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$15K$15K
OccupancyLn 16$111K$111K
TravelLn 17$166$166
Depreciation, depletion and amortizationLn 22$48K$48K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$201K$201K
All other expensesLn 24e$11K$9K$2K
Total functional expensesLn 25$458K$407K$51K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $590K$491K$99K$320K 990 PDF
FY2024 $583K$532K$51K$221K 990 PDF
FY2023 $561K$467K$94K$170K 990 PDF
FY2022 $540K$487K$52K$76K 990 PDF
FY2021 $528K$435K$94K$23K 990 PDF
FY2020 Viewing $538K$458K$81K−$70K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $538,219 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $335,399$335,600
I-9 Program service revenuePrior year $165,702$177,716
I-10 Investment incomePrior year $1,101$403
I-11 Other revenuePrior year $4,277$24,500
I-12 Total revenuePrior year $506,479$538,219
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 $487,212$457,608
I-18 Total expensesPrior year $487,212$457,608
I-19 Revenue less expensesPrior year $19,267$80,611
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $538,219 across 6 lines filed
VIII-1e Government grants$335,600
VIII-1h Total contributions, gifts and grants$335,600
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $177,716$177,716
VIII-3 Investment incomeExcluded from tax $403$403
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $24,500$24,500
VIII-12 Total revenueRelated to mission $202,216 · Unrelated business $0 · Excluded from tax $403$538,219
Part IX · Statement of functional expenses $457,608 across 11 lines filed
IX-11a Management feesManagement $42,157$42,157
IX-11b Legal feesPrograms $6,290$6,290
IX-11c Accounting feesManagement $7,060$7,060
IX-12 Advertising and promotionPrograms $1,947$1,947
IX-13 Office expensesPrograms $15,121$15,121
IX-16 OccupancyPrograms $111,105$111,105
IX-17 TravelPrograms $166$166
IX-22 Depreciation, depletion and amortizationPrograms $48,247$48,247
IX-23 InsurancePrograms $14,072$14,072
IX-24 Other expenses (24a–d)Programs $200,763$200,763
IX-24e All other expensesPrograms $9,048 · Management $1,632$10,680
IX-25 Total functional expensesPrograms $406,759 · Management $50,849 · Fundraising $0$457,608
Part X · Balance sheet $1,027,975 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $215,532$282,711
X-2 Savings and temporary cash investmentsStart of year $169,185$167,956
X-4 Accounts receivableStart of year $470$23,554
X-9 Prepaid expenses and deferred chargesStart of year $12,147$431
X-10c Land, buildings and equipment, netStart of year $520,687$472,439
X-15 Other assetsStart of year $80,982$80,884
X-16 Total assetsStart of year $999,003$1,027,975
X-17 Accounts payable and accrued expensesStart of year $20,704$24,315
X-19 Deferred revenueStart of year $3,065$5,038
X-25 Other liabilitiesStart of year $17,344$17,246
X-26 Total liabilitiesStart of year $1,149,880$1,098,241
X-27 Net assets without donor restrictionsStart of year −$150,877−$70,266
X-32 Total net assets or fund balancesStart of year −$150,877−$70,266
X-33 Total liabilities and net assetsStart of year $999,003$1,027,975
Part XI · Reconciliation of net assets −$70,266 net assets at year end
XI-1 Total revenue$538,219
XI-2 Total expenses$457,608
XI-3 Revenue less expenses$80,611
XI-4 Net assets at start of year−$150,877
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$70,266

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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