Community Development & Improvement Corporation FY2020 filing

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

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 57-1059658) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$7K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
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
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$7K
to officers and key staff · 0.3% of spending
Pay to officers and key staff is 0.3% of spending.
Part VII, Section A
1.0 mo
of spending, in cash
1.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$10.0M
145% of total assets
Liabilities are 145% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.3M
Spent
$1.9M
To programs
85%
Net assets
−$3.1M
By yearFY2020–FY2023
Revenue
$2.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.3M
FY2021$1.8M
FY2022$1.3M
FY2023$2.4M
Expenses
$1.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$1.4M
FY2022$1.7M
FY2023$1.2M
Net assets
−$3.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$3.1M
FY2021−$2.8M
FY2022−$3.2M
FY2023−$265K

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022. IRS ruling in May 1998.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.6M Management & general 15% · $295K

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

6 people listed on the 990; $7K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President & CEO
$6,666Pt 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

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.

See Community Development & Improvement Corporation 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

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

Questions for Community Development & Improvement Corporation

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1 program · $1.6M · in their own filed words · FY2019
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…

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 57-1059658) · Dispute this line
$1.6Mprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$432K
Gifts and grantsLn 1h$139K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.6M
Managementcol C$295K
Owns and owesPt X
−$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$157K
Total assetsLn 16$6.9M
LiabilitiesLn 26$10.0M
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$139K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$432K
Gains on assetsLn 7$432K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$157K
Cash and savings togetherLn 1–2$157K
Accounts receivableLn 4$15K
Inventories for sale or useLn 8$11K
Prepaid expenses and deferred chargesLn 9$16K
Land, buildings, equipmentLn 10c$5.4M
InvestmentsLn 11–13$132K
Other assetsLn 15$1.1M
Total assetsLn 16$6.9M
LiabilitiesLn 26$10.0M
Net assetsLn 32−$3.1M
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 FY20End FY20
Cash and savingsLn 1–2$236K$157K
InvestmentsLn 11–13$333K$132K
Land, buildings, equipmentLn 10c$6.6M$5.4M
Total assetsLn 16$10.2M$6.9M
LiabilitiesLn 26$12.5M$10.0M
Net assetsLn 32−$2.3M−$3.1M
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 officers and key staff (Part IX, line 5)Ln 5$7K$5K$2K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$225K$168K$56K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$42K$32K$11K
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$33K$33K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$98K$98K
Information technologyLn 14$5K$5K
RoyaltiesLn 15$0
OccupancyLn 16$175K$175K
TravelLn 17$5K$5K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$264K$264K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$189K$126K$62K
InsuranceLn 23$85K$85K
Other expenses (24a–d)Ln 24$722K$722K
All other expensesLn 24e$46K$37K$9K
Total functional expensesLn 25$1.9M$1.6M$295K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Oct 22, 2024 $2.4M$1.2M$1.2M−$265K 990 PDF
FY2022Filed with the IRS Aug 14, 2023 $1.3M$1.7M−$455K−$3.2M 990 PDF
FY2021Filed with the IRS Jul 1, 2022 $1.8M$1.4M$346K−$2.8M 990 PDF
FY2020 ViewingFiled with the IRS Aug 12, 2021 $2.3M$1.9M$401K−$3.1M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $2,310,999 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $152,723$139,033
I-9 Program service revenuePrior year $1,384,084$1,739,709
I-10 Investment incomePrior year $127,211$432,257
I-11 Other revenue$0
I-12 Total revenuePrior year $1,664,018$2,310,999
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $238,271$273,678
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,818,153$1,636,509
I-18 Total expensesPrior year $3,056,424$1,910,187
I-19 Revenue less expensesPrior year −$1,392,406$400,812
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,310,999 across 9 lines filed
Lines not itemized here account for $92,815 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$139,033
VIII-1h Total contributions, gifts and grants$139,033
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,646,894$1,646,894
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 $432,257$432,257
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $2,171,966$2,310,999
Part IX · Statement of functional expenses $1,910,187 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 officers and key staff (Part IX, line 5)Programs $5,000 · Management $1,666$6,666
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $168,450 · Management $56,151$224,601
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $31,808 · Management $10,603$42,411
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $13,590$13,590
IX-11c Accounting feesManagement $32,550$32,550
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionManagement $1,960$1,960
IX-13 Office expensesManagement $98,047$98,047
IX-14 Information technologyManagement $4,884$4,884
IX-15 Royalties$0
IX-16 OccupancyPrograms $174,600$174,600
IX-17 TravelManagement $4,528$4,528
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $263,694$263,694
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $126,428 · Management $62,271$188,699
IX-23 InsurancePrograms $85,370$85,370
IX-24 Other expenses (24a–d)Programs $722,191$722,191
IX-24e All other expensesPrograms $37,275 · Management $9,121$46,396
IX-25 Total functional expensesPrograms $1,614,816 · Management $295,371 · Fundraising $0$1,910,187
Part X · Balance sheet $6,891,918 assets, 25 lines filed
X-1 Cash, non-interest-bearingStart of year $235,999$157,033
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $27,464$15,140
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or useStart of year $10,871$10,871
X-9 Prepaid expenses and deferred chargesStart of year $14,613$16,262
X-10c Land, buildings and equipment, netStart of year $6,567,171$5,413,625
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investmentsStart of year $332,507$132,002
X-14 Intangible assets$0
X-15 Other assetsStart of year $3,057,202$1,146,985
X-16 Total assetsStart of year $10,245,827$6,891,918
X-17 Accounts payable and accrued expensesStart of year $114,171$168,479
X-19 Deferred revenueStart of year $1,900,670$103,222
X-23 Secured mortgages and notes payableStart of year $8,156,874$7,977,884
X-25 Other liabilitiesStart of year $2,375,954$1,752,568
X-26 Total liabilitiesStart of year $12,547,669$10,002,153
X-27 Net assets without donor restrictionsStart of year −$3,230,701−$4,028,199
X-28 Net assets with donor restrictionsStart of year $928,859$917,964
X-32 Total net assets or fund balancesStart of year −$2,301,842−$3,110,235
X-33 Total liabilities and net assetsStart of year $10,245,827$6,891,918
Part XI · Reconciliation of net assets −$3,110,235 net assets at year end
XI-1 Total revenue$2,310,999
XI-2 Total expenses$1,910,187
XI-3 Revenue less expenses$400,812
XI-4 Net assets at start of year−$2,301,842
XI-8 Prior period adjustments−$1,209,205
XI-10 Net assets at end of year−$3,110,235

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

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