Overview
What is Southeastern Housing And Community Development?
Southeastern Housing and Community Development is a nonprofit organization situated in Barnwell, South Carolina. With a focus on assisting low and moderate-income families, they adhere to guidelines set by the U.S. Department of Housing and Urban Development (HUD). Their primary mission involves providing rental housing by owning and managing apartment complexes and single-family homes across the southeastern region of South Carolina. Their goal is to ensure affordable housing options for this income group, contributing positively to their local community. The organization is staffed by a team of nine dedicated individuals.
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 90% (Four-Star out of Four Stars)**tar)**
Southeastern Housing And Community Development has earned a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and financial practices. The organization boasts a perfect score for its independent board members and demonstrates transparency with no reported issues of asset diversion. However, the absence of a whistleblower policy and the failure to post tax forms on its website might raise concerns regarding transparency.
Overall, the organization excels in managing its funds efficiently, with a high program expense ratio that indicates a commitment to using resources directly for its initiatives. Despite its strengths in governance and financial oversight, there are some areas where the organization has not met all best practices, particularly in terms of documented policies.
User feedback from GreatNonprofits is currently not available for this nonprofit, which leaves a gap in ground-level perspectives. However, the metrics provided indicate a well-managed organization focused on its mission of community development and housing assistance.
This AI summary has been generated from information found on Charity Navigator.
Is Southeastern Housing And Community Development legitimate?
Southeastern Housing And Community Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeastern Housing And Community Development submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Southeastern Housing And Community Development?
Southeastern Housing and Community Development is committed to providing affordable housing solutions for low and moderate-income families. They achieve this by owning and managing apartment complexes and single-family homes in the southeastern section of South Carolina. Their mission is to make housing accessible under the guidelines set by the HUD, thereby contributing to the well-being of these families in the area. The organization's activities focus on offering rental properties that cater to the housing needs of individuals and families within their income range.
Who is the CEO of Southeastern Housing And Community Development?
Robert Thomas is the Chairman of Southeastern Housing And Community Development.
What is the revenue of Southeastern Housing And Community Development?
Southeastern Housing And Community Development's revenue in 2022 was $9,069,659.
Who are the executives of Southeastern Housing And Community Development and what are their salaries?
There are 9 employees and 6 volunteers at Southeastern Housing And Community Development.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Southeastern Housing And Community Development?
Southeastern Housing And Community Development's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southeastern Housing And Community Development
Southeastern Housing and Community Development, as a nonprofit organization, is committed to providing rental housing solutions for families with low and moderate income levels. Under its mission, the organization owns and manages apartment complexes and single-family homes situated in the southeastern section of South Carolina. By doing so, it aims to make housing more accessible for those who may otherwise struggle with affordability. The organization adheres to HUD guidelines, ensuring that the housing it provides meets suitable standards for its tenants. In essence, Southeastern Housing and Community Development plays a crucial role in making housing more accessible and affordable for a significant portion of the population.
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Impact
October, 2024
Southeastern Housing and Community Development plays a vital role in addressing the housing needs of low and moderate-income families in the southeastern section of South Carolina. By owning and operating apartment complexes and single-family homes, it offers affordable rental housing options that align with HUD guidelines. This commitment not only provides secure shelter but also fosters stable communities, giving families the opportunity to thrive. The organization's efforts contribute to the overall well-being of the area, alleviating housing insecurity and supporting economic stability for those in need.
This information is meant to be a general summary of Southeastern Housing And Community Development. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,666,192
- Program Service Revenue: $2,402,634
- Gross Receipts: $10,474,442
Assets and Liabilities:
- Total Assets: $16,845,828
- Total Liabilities: $6,392,005
- Net Assets: $10,453,823
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,301,922
TENANT CHARGES
Revenue
$93,796
COIN LAUNDRY
Revenue
$3,616
APPLICATION FEES
Revenue
$3,300
Organization Details
Founding Year
1976
Phone
(803) 259-3588Principal Officer
Robert Thomas
Main Address
PO BOX 1326, BARNWELL, SC, 29812
NTEE Category
Code: L80 - Housing
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