Community Development & Improvement Corporation

Tax-deductible

Graniteville, SC501(c)(3)HousingEIN 57-1059658

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To provide safe, clean and affordable housing to low income families, to provide economic assistance to disadvantaged individuals and businesses.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$33K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $377K a year · 19% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$33K
to officers and key staff · 3% of spending
Top officer’s pay lower than 97% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.7M
103% of total assets
Concern: liabilities are 103% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
+86% vs prior year
Spent
$1.2M
To programs
78%
Net assets
−$265K
By yearFY2020–FY2023
Revenue
$2.4M
FY2023▲ +86%
Revenue by fiscal year
FY2020$2.3M
FY2021$1.8M
FY2022$1.3M
FY2023$2.4M
Expenses
$1.2M
FY2023▼ -33%
Expenses by fiscal year
FY2020$1.9M
FY2021$1.4M
FY2022$1.7M
FY2023$1.2M
Net assets
−$265K
FY2023▲ +92%
Net assets by fiscal year
FY2020−$3.1M
FY2021−$2.8M
FY2022−$3.2M
FY2023−$265K

From the FY2023 Form 990 (year ending September 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in May 1998.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $911K Management & general 22% · $257K

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

7 people listed on the 990; $33K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President & CEO
$32,598Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Chanosha Lawton’s $33K as President & CEO is at the 3rd percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Chanosha Lawton$32,598$24,669$25,807$6,666

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Offers safe, affordable housing and economic aid to low-income families and disadvantaged individuals.

Provided by the organization

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1 program · $911K · in their own filed words · FY2022
01

Low Income Rental Housing and Community Rentals

providing quality rental housing to low income families across the state of South Carolina through its owned rental housing and through its management and ownership of low income housing tax credit developments.Loan program assistance to the disadvantaged - provide and administer loans to individuals and businesses for economic…

$911Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$896K
Investment incomeLn 3$121K
Money outPt IX
$1.2M
Ln 25
Programscol B$911K
Managementcol C$257K
Owns and owesPt X
−$265K
net assets · Ln 32
Cash and savingsLn 1–2$143K
Total assetsLn 16$8.4M
LiabilitiesLn 26$8.7M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$896K
Investment incomeLn 3$121K
Gains on assetsLn 7$121K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$143K
SavingsLn 2$0
Cash and savings togetherLn 1–2$143K
InvestmentsLn 11–13$98K
Land, buildings, equipmentLn 10c$7.4M
Other assetsLn 15$714K
Total assetsLn 16$8.4M
LiabilitiesLn 26$8.7M
Net assetsLn 32−$265K
OperationsPt I, VI
EmployeesI 524
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$120K$143K
InvestmentsLn 11–13$104K$98K
Land, buildings, equipmentLn 10c$4.2M$7.4M
Total assetsLn 16$5.2M$8.4M
LiabilitiesLn 26$8.4M$8.7M
Net assetsLn 32−$3.2M−$265K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$33K$24K$8K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$45K$34K$11K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$28K$21K$7K
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$28K$28K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$87K$87K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$213K$213K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$236K$236K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$245K$164K$81K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$239K$216K$23K
All other expensesLn 24e$2K$2K$301
Total functional expensesLn 25$1.2M$911K$257K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $2.4M$1.2M$1.2M−$265K 990 PDF
FY2022 $1.3M$1.7M−$455K−$3.2M 990 PDF
FY2021 $1.8M$1.4M$346K−$2.8M 990 PDF
FY2020 $2.3M$1.9M$401K−$3.1M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $2,382,932 across 9 lines filed
VIII-1f All other contributions, gifts and grants$1,366,091
VIII-1h Total contributions, gifts and grants$1,366,091
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $895,842$895,842
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $120,999$120,999
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,016,841$2,382,932
Part IX · Statement of functional expenses $1,168,454 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $24,449 · Management $8,149$32,598
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $33,683 · Management $11,228$44,911
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $21,036 · Management $7,012$28,048
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $11,494$11,494
IX-11c Accounting feesManagement $28,370$28,370
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $87,410$87,410
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $213,393$213,393
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $236,263$236,263
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $164,242 · Management $80,895$245,137
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $216,112 · Management $22,588$238,700
IX-24e All other expensesPrograms $1,829 · Management $301$2,130
IX-25 Total functional expensesPrograms $911,007 · Management $257,447 · Fundraising $0$1,168,454
Part X · Balance sheet $8,446,131 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $120,050$143,361
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $85,436$70,377
X-8 Inventories for sale or useStart of year $10,871$10,871
X-9 Prepaid expenses and deferred chargesStart of year $8,446$100
X-10c Land, buildings and equipment, netStart of year $4,239,951$7,410,159
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investmentsStart of year $104,275$97,691
X-14 Intangible assets$0
X-15 Other assetsStart of year $655,709$713,572
X-16 Total assetsStart of year $5,224,738$8,446,131
X-17 Accounts payable and accrued expensesStart of year $438,887$455,379
X-19 Deferred revenueStart of year $137,224$71,747
X-25 Other liabilitiesStart of year $1,059,195$1,098,793
X-26 Total liabilitiesStart of year $8,377,909$8,711,426
X-27 Net assets without donor restrictionsStart of year −$4,058,258−$1,133,723
X-28 Net assets with donor restrictionsStart of year $905,087$868,428
X-32 Total net assets or fund balancesStart of year −$3,153,171−$265,295
X-33 Total liabilities and net assetsStart of year $5,224,738$8,446,131
Part XI · Reconciliation of net assets −$265,295 net assets at year end
XI-1 Total revenue$2,382,932
XI-2 Total expenses$1,168,454
XI-3 Revenue less expenses$1,214,478
XI-4 Net assets at start of year−$3,153,171
XI-8 Prior period adjustments$1,673,398
XI-10 Net assets at end of year−$265,295

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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