Overview
What is Horse Creek Trust?
Horse Creek Trust is a small real estate development and management entity based in Graniteville, South Carolina. Its primary mission is to revitalize the community of Graniteville, aiming to achieve this through comprehensive redevelopment plans. The Trust facilitates grants and financing for capital projects, manages responsibilities during development, construction, and operations, and acts as an agent for equity partners in these endeavors. The Trust's activities are focused on improving the Graniteville community by implementing necessary projects and ensuring their successful execution.
Official website here: www.horsecreektrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Horse Creek Trust has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's high score is primarily attributed to its complete transparency and adherence to best practices, as evidenced by its 100% independent board and absence of material diversion of assets. With well-structured policies in place, the organization showcases a commitment to ethical governance and operational integrity.
Strengths highlighted include a solid program expense ratio of 66.39%, which indicates a significant portion of funds is directed toward its programs. The nonprofit also boasts comprehensive documentation policies, including conflict of interest and whistleblower policies, which further reinforce its governance framework. The organization effectively posts its tax forms and meeting minutes, enhancing its transparency to stakeholders.
However, while Horse Creek Trust shows strengths in various financial metrics, there is a slight limitation in its program expense ratio, which, although strong, could be improved to maximize the allocation of resources toward its mission. Overall, the organization demonstrates a robust commitment to financial accountability and operational excellence.
This AI summary has been generated from information found on Charity Navigator.
Is Horse Creek Trust legitimate?
Horse Creek Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Horse Creek Trust 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:
Executive Compensation: $47,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.horsecreektrust.org
What is the mission statement of Horse Creek Trust?
The mission of Horse Creek Trust is to plan and enact redevelopment projects aimed at the revitalization of a community. Operating with a structure similar to a small real estate development and management entity, the trust facilitates equity partners' grants, financing for capital projects, and manages all responsibilities for the management of these projects, including development, construction, and operations. In essence, Horse Creek Trust is dedicated to revitalizing a community through strategic redevelopment initiatives.
Official website here: www.horsecreektrust.org
Who is the CEO of Horse Creek Trust?
Bobby Richardson is the Director/Consultant of Horse Creek Trust.
Official website here: www.horsecreektrust.org
What is the revenue of Horse Creek Trust?
Horse Creek Trust's revenue in 2022 was $0.
Official website here: www.horsecreektrust.org
Who are the executives of Horse Creek Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $38,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $8,800
- Related: $0
- Other: $0
Official website here: www.horsecreektrust.org
Where can I find the form 990 for Horse Creek Trust?
Horse Creek Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.horsecreektrust.org
Learn more at the official website: www.horsecreektrust.org
Mission Statement of Horse Creek Trust
Horse Creek Trust is an organization that aims to spearhead the redevelopment and revitalization of a community, specifically Graniteville, SC. The mission of Horse Creek Trust is to plan and execute redevelopment projects that will breathe new life into the community.
Operating with the organizational structure of a small real estate development and management entity, Horse Creek Trust facilitates grants, financing for capital projects, and manages responsibilities for the management of capital projects. This includes development, construction, and operations. The Trust works to ensure the successful implementation of all necessary projects for the community's revitalization.
In essence, Horse Creek Trust serves as a catalyst for change, working tirelessly to transform the community it serves, and create a vibrant and thriving environment for its residents.
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Impact
June, 2024
Horse Creek Trust's impact lies in its efforts to revitalize the Graniteville, SC community through strategic redevelopment initiatives. By functioning as a small real estate development and management entity, the Trust works to secure equity partners, grants, and financing for capital projects that are essential for the community's growth and prosperity. Through the implementation of these projects, Horse Creek Trust actively manages responsibilities related to development, construction, and operations, thereby catalyzing positive change and rejuvenation in Graniteville.
This information is meant to be a general summary of Horse Creek Trust. 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.
Assets and Liabilities:
- Total Assets: $10,491,109
- Total Liabilities: $42,000
- Net Assets: $10,449,109
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Organization Details
Founding Year
2015
Phone
(706) 272-1303Principal Officer
Bobby Richardson
Main Address
118 HARD ST, GRANITEVILLE, SC, 29829
Website
www.horsecreektrust.orgNTEE Category
Code: C34 - Environment
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