I58 INC FY2024 filing

Tax-deductible

Chester, SC501(c)(3)Since 2016HousingEIN 81-3858015Revenue $422K in FY2024

On file with the IRSi58helps.org297 Center Street, 29706-1371 · Chester, SCTax-exempt since Apr 2017Publicly supported — 509(a)(2)

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To empower lower to moderate income individuals through community revitalization initiatives such as housing, neighborhood beautification, and family services.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$48K 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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FY2024 · 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
5 of 5
filings with a surplus
Average surplus $111K a year · 16% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$48K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $13K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$288K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$422K
-28% vs prior year
Spent
$335K
To programs
77%
Net assets
$565K
By yearFY2020–FY2025
Revenue
$422K
FY2024▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$164K
FY2021$736K
FY2022$1.0M
FY2023$590K
FY2024$422K
FY2025$778K
Expenses
$335K
FY2024▼ -24%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$568K
FY2022$994K
FY2023$443K
FY2024$335K
FY2025$662K
Net assets
$565K
FY2024▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$47K
FY2021$214K
FY2022$248K
FY2023$476K
FY2024$565K
FY2025$681K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 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 Apr 2017.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $257K Management & general 23% · $77K Fundraising 0% · $1K

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

8 people listed on the 990; $48K paid to officers and key staff.

Part VII, Section A · reportable compensation
$47,917Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Leslie Brakefield’s $55K as Development is at the 45th percentile of top reported officer pay among 852 $100K–1M 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Leslie Brakefield$55,417$47,917$50,000$56,250$35,000$6,667

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 15aYes

Programs and updates

Revitalizes communities by providing housing, beautification, and family services to empower low-income individuals.

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Provided by the organization

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3 programs · $254K · in their own filed words · FY2024
01

Home Repair Program

This program is designed to assist low-income homeowners in making needed repairs to their primary residence to address critical life, health and safety issues. This is done with several different funding sources such as, south carolina housing trust fund, hud older adult home modification funds, and duke weatherization funds.

$198Kprogram expense
02

Transitional Men's Housing Program

This program is designed to serve as a residence for certain men in the community. The transitional house itself features six bedrooms and three bathrooms. The house had been abandoned for over a decade and was previously encumbered by a restrictive covenant imposed by hud.

$36Kprogram expense
03

Rental Housing Program

The purpose of this program is to provide affordable housing for individuals who have completed rehabilitation or recovery programs. Rent rates are typicallly lower than market rates and are often subsidized through other state housing urban and development programs.

$20Kprogram 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 · FY2024
Total grants receivedfrom 3 funders$13K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$422K
Ln 12
Gifts and grantsLn 1h$388K
Fees for servicesLn 2g$37K
Money outPt IX
$335K
Ln 25
Programscol B$257K
Managementcol C$77K
Fundraisingcol D$1K
Owns and owesPt X
$565K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$853K
LiabilitiesLn 26$288K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$388K
Government grantsLn 1e$103K
Fundraising eventsLn 1c$9K
Fees for servicesLn 2g$37K
Total revenueLn 12$422K
Assets in detailPt X, end of year
CashLn 1$28K
Cash and savings togetherLn 1–2$28K
Land, buildings, equipmentLn 10c$745K
Total assetsLn 16$853K
LiabilitiesLn 26$288K
Net assetsLn 32$565K
OperationsPt I, VI
EmployeesI 52
VolunteersI 622
Fiscal year endsHeaderDecember
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
LineStart FY24End FY24
Cash and savingsLn 1–2$123K$28K
Land, buildings, equipmentLn 10c$456K$745K
Total assetsLn 16$684K$853K
LiabilitiesLn 26$209K$288K
Net assetsLn 32$476K$565K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$48K$29K$18K$1K
Other salaries and wagesLn 7$10K$1K$9K
Payroll taxesLn 10$4K$2K$2K$92
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$12K$12K
Office expensesLn 13$4K$264$4K
OccupancyLn 16$8K$8K
TravelLn 17$163$163
Conferences, conventions and meetingsLn 19$4K$4K
InterestLn 20$12K$6K$6K
Depreciation, depletion and amortizationLn 22$15K$14K$398
InsuranceLn 23$7K$4K$3K
Other expenses (24a–d)Ln 24$184K$184K
All other expensesLn 24e$13K$10K$3K
Total functional expensesLn 25$335K$257K$77K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $778K$662K$116K$681K 990 PDF
FY2024 Viewing $422K$335K$88K$565K 990 PDF
FY2023 $590K$443K$147K$476K 990 PDF
FY2022 $1.0M$994K$34K$248K 990 PDF
FY2021 $736K$568K$167K$214K 990 PDF
FY2020 $164K$47K 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 FY2024 990 (6 parts)
Part I · Summary $422,466 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $578,575$387,707
I-9 Program service revenuePrior year $11,200$37,084
I-10 Investment income$0
I-11 Other revenuePrior year $297−$2,325
I-12 Total revenuePrior year $590,072$422,466
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $81,365$62,797
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $361,665$272,072
I-18 Total expensesPrior year $443,030$334,869
I-19 Revenue less expensesPrior year $147,042$87,597
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $422,466 across 8 lines filed
VIII-1c Fundraising events$8,764
VIII-1e Government grants$103,285
VIII-1f All other contributions, gifts and grants$275,658
VIII-1h Total contributions, gifts and grants$387,707
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,084$37,084
VIII-8 Net income from fundraising eventsExcluded from tax −$2,529−$2,529
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $204$204
VIII-12 Total revenueRelated to mission $37,288 · Excluded from tax −$2,529$422,466
Part IX · Statement of functional expenses $334,869 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $28,750 · Management $17,968 · Fundraising $1,199$47,917
IX-7 Other salaries and wagesPrograms $1,042 · Management $9,375$10,417
IX-10 Payroll taxesPrograms $2,199 · Management $2,172 · Fundraising $92$4,463
IX-11b Legal feesPrograms $2,285$2,285
IX-11c Accounting feesManagement $10,000$10,000
IX-11g Other fees for servicesManagement $11,716$11,716
IX-13 Office expensesPrograms $264 · Management $3,821$4,085
IX-16 OccupancyManagement $8,168$8,168
IX-17 TravelPrograms $163$163
IX-19 Conferences, conventions and meetingsPrograms $4,429$4,429
IX-20 InterestPrograms $5,658 · Management $6,331$11,989
IX-22 Depreciation, depletion and amortizationPrograms $14,380 · Management $398$14,778
IX-23 InsurancePrograms $3,776 · Management $3,372$7,148
IX-24 Other expenses (24a–d)Programs $184,040$184,040
IX-24e All other expensesPrograms $10,015 · Management $3,256$13,271
IX-25 Total functional expensesPrograms $257,001 · Management $76,577 · Fundraising $1,291$334,869
Part X · Balance sheet $853,101 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $123,433$28,002
X-8 Inventories for sale or useStart of year $66,643$80,071
X-10c Land, buildings and equipment, netStart of year $456,102$745,028
X-16 Total assetsStart of year $684,228$853,101
X-17 Accounts payable and accrued expensesStart of year $37,998$8,807
X-25 Other liabilitiesStart of year $25,804$3,316
X-26 Total liabilitiesStart of year $208,632$288,208
X-27 Net assets without donor restrictionsStart of year $475,596$446,978
X-28 Net assets with donor restrictions$117,915
X-32 Total net assets or fund balancesStart of year $475,596$564,893
X-33 Total liabilities and net assetsStart of year $684,228$853,101
Part XI · Reconciliation of net assets $564,893 net assets at year end
XI-1 Total revenue$422,466
XI-2 Total expenses$334,869
XI-3 Revenue less expenses$87,597
XI-4 Net assets at start of year$475,596
XI-8 Prior period adjustments$1,200
XI-9 Other changes in net assets$500
XI-10 Net assets at end of year$564,893

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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