Overview
What is Santee Lynches Affordable Housing A Community Development Corp Inc?
Santee Lynches Affordable Housing A Community Development Corp Inc is a community-focused, not-for-profit organization based in Sumter, South Carolina. With a 15-county service area, the corporation, recognized as a State and Local CHDO, specializes in renewable energy and innovative housing development. Their mission is to improve communities by offering quality, safe, and affordable housing, as well as economic opportunities, primarily benefiting low-income individuals within their service area. The organization, headed by 23 employees, manages rental properties for eligible low- to moderate-income households, ensuring compliance with HUD's income guidelines for each household size.
Official website here: www.slcdc.net
What are the reviews and ratings of this charity?
96% rating from Charity Navigator
Santee Lynches Affordable Housing A Community Development Corp Inc has achieved a Four-Star out of Four Star rating from Charity Navigator, indicating high standards in accountability and finance. The organization has a commendable score of 96% in this category, reflecting strong governance, with all board members being independent and a transparent approach to financial management. This includes having proper oversight and policies in place for conflicts of interest and whistleblower protections.
User feedback highlights the nonprofit's focus on affordable housing solutions and community development, with one reviewer praising their innovative approach to counseling renters and facilitating home ownership. The organization is recognized for its effective leadership and commitment to addressing local housing issues, contributing positively to community welfare.
However, some reviews express concerns regarding potential misconduct within the organization, citing specific incidents that raise questions about financial decisions and property purchases. This mixed feedback suggests that while there are significant strengths, there are also areas that warrant further attention and scrutiny to ensure the integrity of their operations.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Santee Lynches Affordable Housing A Community Development Corp Inc legitimate?
Santee Lynches Affordable Housing A Community Development Corp Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santee Lynches Affordable Housing A Community Development Corp Inc 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $466,326
For more financial information, click here
Official website here: www.slcdc.net
What is the mission statement of Santee Lynches Affordable Housing A Community Development Corp Inc?
Santee Lynches Affordable Housing Community Development Corp Inc's mission is centered around enhancing communities by providing high-quality, safe, and affordable housing and economic opportunities to low-income individuals within a 15-county service area. The organization strives to improve communities through its private, community-based, not-for-profit status, with a focus on renewable energy and innovative housing development that promotes homeownership. Rental programs also play a significant role in providing quality, safe, and decent homes to eligible low to moderate income households, adhering to income guidelines established by HUD per household size.
Official website here: www.slcdc.net
Who is the CEO of Santee Lynches Affordable Housing A Community Development Corp Inc?
Luis Rodriguez - Retired is the President of Santee Lynches Affordable Housing A Community Development Corp Inc.
Official website here: www.slcdc.net
What is the revenue of Santee Lynches Affordable Housing A Community Development Corp Inc?
Santee Lynches Affordable Housing A Community Development Corp Inc's revenue in 2022 was $3,574,266.
Official website here: www.slcdc.net
Who are the executives of Santee Lynches Affordable Housing A Community Development Corp Inc and what are their salaries?
The average compensation at Santee Lynches Affordable Housing A Community Development Corp Inc during 2022 was $20,275. There are 23 employees and 6 volunteers at Santee Lynches Affordable Housing A Community Development Corp Inc.
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Official website here: www.slcdc.net
Where can I find the form 990 for Santee Lynches Affordable Housing A Community Development Corp Inc?
Santee Lynches Affordable Housing A Community Development Corp Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.slcdc.net
Learn more at the official website: www.slcdc.net
Mission Statement of Santee Lynches Affordable Housing A Community Development Corp Inc
Santee Lynches Affordable Housing A Community Development Corp Inc is dedicated to enhancing communities by providing quality, safe, decent, and affordable housing and economic opportunities that benefit low-income individuals within its 15-county service area. The organization's mission is to create a positive impact on the lives of these individuals, offering them a chance to improve their living standards. Santee Lynches focuses on renewable energy and innovative housing development, guiding families towards homeownership. In addition to housing, the corporation also manages rental programs, offering quality, safe, and decent apartments and houses to eligible low to moderate-income households. Eligibility is based on income guidelines set by HUD, considering each household size.
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Impact
July, 2024
Santee Lynches Affordable Housing A Community Development Corp Inc enhances communities by providing quality, safe, decent, and affordable housing and other forms of economic opportunity that benefit low-income individuals in its 15-county service area. The organization focuses on renewable energy and innovative housing development that aids families in moving toward homeownership. Through its rental program, Santee Lynches offers affordable apartments and houses to eligible low to moderate-income households, supporting them in achieving stability and improving their living conditions.
This information is meant to be a general summary of Santee Lynches Affordable Housing A Community Development Corp Inc. 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: $56,784
- Program Service Revenue: $3,286,167
- Gross Receipts: $3,624,639
Assets and Liabilities:
- Total Assets: $21,440,335
- Total Liabilities: $7,210,023
- Net Assets: $14,230,312
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL FEES
Revenue
$3,281,042
DEVELOPER AND MANAGEMENT FEES
Revenue
$5,125
Organization Details
Founding Year
1992
Phone
(803) 426-0020Principal Officer
Luis Rodriguez - Retired
Main Address
255 BROAD STREET, SUMTER, SC, 29150
Website
www.slcdc.netNTEE Category
Code: L21Z - Housing
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