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Tri County Regional Development Corporation

Tax-deductible

Georgetown, SC501(c)(3)HousingEIN 80-0698383Revenue $180K in FY2025

On file with the IRS1230 Highmarket St, 29440-3227 · Georgetown, SCTax-exempt since Nov 2011Publicly supported charity — 170(b)(1)(A)(vi)

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To study the characteristics and market trends in relation to economic housing issues within the Waccamaw housing services to special needs population.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
0 of 6
filings with a surplus
Average deficit $60K a year · 32% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $44K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$418K
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$180K
-68% vs prior year
Spent
$251K
To programs
99%
Net assets
$316K
By yearFY2020–FY2025
Revenue
$180K
FY2025▼ -68%
Tap a bar for its year
Revenue by fiscal year
FY2020$171K
FY2021$68K
FY2022$76K
FY2023$55K
FY2024$569K
FY2025$180K
Expenses
$251K
FY2025▼ -57%
Tap a bar for its year
Expenses by fiscal year
FY2020$231K
FY2021$120K
FY2022$149K
FY2023$145K
FY2024$586K
FY2025$251K
Net assets
$316K
FY2025▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$617K
FY2021$566K
FY2022$493K
FY2023$403K
FY2024$387K
FY2025$316K

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2011.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $248K Management & general 1% · $3K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Doris Simmons
Vice Chair
$0Pt VII · Sec A
Carlether Nesmith
Treasurer/Secretary
$0Pt VII · Sec A
See Tri County Regional 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

Studies housing market trends and economic issues for special needs populations.

Questions for Tri County Regional Development Corporation

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Provided by the organization

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1 program · $248K · in their own filed words · FY2024
01

To provide low income housing to low income families.

$248Kprogram 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 · FY2023
Frances P Bunnelle Foundation Coastal Community Foundation of SCFY2023$44K
Total grants receivedfrom 1 funder$44K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$180K
Ln 12
Fees for servicesLn 2g$141K
Investment incomeLn 3$39K
Money outPt IX
$251K
Ln 25
Programscol B$248K
Managementcol C$3K
Owns and owesPt X
$316K
net assets · Ln 32
Cash and savingsLn 1–2$86K
Total assetsLn 16$733K
LiabilitiesLn 26$418K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$141K
Investment incomeLn 3$39K
Total revenueLn 12$180K
Assets in detailPt X, end of year
CashLn 1$86K
Cash and savings togetherLn 1–2$86K
Land, buildings, equipmentLn 10c$550K
Total assetsLn 16$733K
LiabilitiesLn 26$418K
Net assetsLn 32$316K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$110K$86K
Land, buildings, equipmentLn 10c$587K$550K
Total assetsLn 16$825K$733K
LiabilitiesLn 26$439K$418K
Net assetsLn 32$387K$316K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$119K$119K$0$0
Legal feesLn 11b$26$0$26$0
Accounting feesLn 11c$2K$0$2K$0
Information technologyLn 14$73$0$73$0
OccupancyLn 16$11K$11K$0$0
TravelLn 17$252$0$252$0
InterestLn 20$32K$32K$0$0
Depreciation, depletion and amortizationLn 22$40K$40K$0$0
InsuranceLn 23$22K$22K$0$0
Other expenses (24a–d)Ln 24$24K$23K$1K$0
Total functional expensesLn 25$251K$248K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $180K$251K−$71K$316K 990 PDF
FY2024 $569K$586K−$16K$387K 990 PDF
FY2023 $55K$145K−$91K$403K 990 PDF
FY2022 $76K$149K−$72K$493K 990 PDF
FY2021 $68K$120K−$52K$566K 990 PDF
FY2020 $171K$231K−$61K$617K 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 FY2025 990 (6 parts)
Part I · Summary $179,742 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $44,470$0
I-9 Program service revenuePrior year $101,570$140,544
I-10 Investment incomePrior year $24,298$39,198
I-11 Other revenuePrior year $399,130$0
I-12 Total revenuePrior year $569,468$179,742
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $585,667$250,514
I-18 Total expensesPrior year $585,667$250,514
I-19 Revenue less expensesPrior year −$16,199−$70,772
Part VI · Governance 3 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $179,742 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$140,544
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$39,198
VIII-12 Total revenueRelated to mission $179,742 · Unrelated business $0 · Excluded from tax $0$179,742
Part IX · Statement of functional expenses $250,514 across 10 lines filed
IX-11a Management feesPrograms $118,840 · Management $0 · Fundraising $0$118,840
IX-11b Legal feesPrograms $0 · Management $26 · Fundraising $0$26
IX-11c Accounting feesPrograms $0 · Management $1,500 · Fundraising $0$1,500
IX-14 Information technologyPrograms $0 · Management $73 · Fundraising $0$73
IX-16 OccupancyPrograms $11,443 · Management $0 · Fundraising $0$11,443
IX-17 TravelPrograms $0 · Management $252 · Fundraising $0$252
IX-20 InterestPrograms $32,109 · Management $0 · Fundraising $0$32,109
IX-22 Depreciation, depletion and amortizationPrograms $39,611 · Management $0 · Fundraising $0$39,611
IX-23 InsurancePrograms $22,259 · Management $0 · Fundraising $0$22,259
IX-24 Other expenses (24a–d)Programs $23,271 · Management $1,130 · Fundraising $0$24,401
IX-25 Total functional expensesPrograms $247,533 · Management $2,981 · Fundraising $0$250,514
Part X · Balance sheet $733,400 assets, 8 lines filed
Asset lines not itemized here account for $97,581; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $109,555$86,107
X-10c Land, buildings and equipment, netStart of year $586,678$549,712
X-16 Total assetsStart of year $825,311$733,400
X-19 Deferred revenueStart of year $10,512$11,362
X-26 Total liabilitiesStart of year $438,800$417,661
X-27 Net assets without donor restrictionsStart of year $386,511$315,739
X-32 Total net assets or fund balancesStart of year $386,511$315,739
X-33 Total liabilities and net assetsStart of year $825,311$733,400
Part XI · Reconciliation of net assets $315,739 net assets at year end
XI-1 Total revenue$179,742
XI-2 Total expenses$250,514
XI-3 Revenue less expenses−$70,772
XI-4 Net assets at start of year$386,511
XI-10 Net assets at end of year$315,739

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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