Overview
What is Tri County Regional Development Corporation?
The Tri County Regional Development Corporation, located in Georgetown, South Carolina (specifically at 1230 Highmarket Street), is a nonprofit organization with a mission. Their primary focus is to provide low-income housing solutions for families in need. Beyond this, they delve into the economic housing issues within the Waccamaw region, specifically catering to the special needs population. By conducting studies on the characteristics and market trends, they aim to offer informed solutions and ensure the provision of suitable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
The Tri County Regional Development Corporation has received a low rating of 58%, categorized as a One-Star out of Four Stars charity. This rating reflects significant concerns regarding its accountability and financial practices, particularly the absence of independent board members and several key governance policies, such as a whistleblower policy and document retention policy. While the organization does not have any material diversion of assets, the lack of independent oversight is a notable weakness.
Despite these governance shortcomings, the corporation demonstrates a strong commitment to its programs, with an impressive program expense ratio of 86.32%. This indicates that a substantial portion of its funds is being directed toward its mission-related activities, which is a positive aspect of its operations. However, the failure to maintain transparency through a publicly available website and missing tax documents raises questions about its overall accountability.
In summary, while the Tri County Regional Development Corporation is effectively utilizing funds for its programs, it faces significant challenges in governance and transparency that contribute to its low rating. Stakeholders may want to consider these factors carefully when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Tri County Regional Development Corporation legitimate?
Tri County Regional Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tri County Regional Development Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Tri County Regional Development Corporation?
The Tri County Regional Development Corporation's mission is centered around investigating the economic housing challenges and market trends for the special needs population within the Waccamaw housing services. Their primary goal is to contribute to this field by conducting thorough studies. Beyond this, the organization is committed to providing affordable housing solutions for low-income families.
Who is the CEO of Tri County Regional Development Corporation?
Carlether Nesmith is the President of Tri County Regional Development Corporation.
What is the revenue of Tri County Regional Development Corporation?
Tri County Regional Development Corporation's revenue in 2022 was $76,445.
Who are the executives of Tri County Regional Development Corporation and what are their salaries?
There 8 volunteers at Tri County Regional Development Corporation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tri County Regional Development Corporation?
Tri County Regional Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tri County Regional Development Corporation
Tri County Regional Development Corporation, a nonprofit organization, is dedicated to exploring the intricacies of economic housing issues pertaining to special needs populations within the Waccamaw region. Its primary mission is to delve into the characteristics and market trends surrounding these housing concerns, with the aim of providing suitable housing solutions for low-income families. By conducting comprehensive studies, this organization strives to contribute positively to the housing landscape for those in need, ultimately improving their overall living conditions.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Tri County Regional Development Corporation's impact can be seen in its dedicated efforts to study market trends and characteristics related to economic housing issues within the Waccamaw region. By providing low-income housing to families in need, the organization plays a crucial role in addressing housing challenges faced by the special needs population. Through its mission-focused approach, Tri County Regional Development Corporation significantly contributes to improving housing accessibility and affordability for low-income individuals and families in Georgetown, SC.
This information is meant to be a general summary of Tri County Regional Development Corporation. 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: $4,079
- Program Service Revenue: $72,366
- Gross Receipts: $76,445
Assets and Liabilities:
- Total Assets: $924,880
- Total Liabilities: $431,550
- Net Assets: $493,330
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low income home rental
Revenue
$72,366
Organization Details
Founding Year
2011
Phone
(843) 546-8581Principal Officer
Carlether Nesmith
Main Address
1230 Highmarket Steet, Georgetown, SC, 29440
NTEE Category
Code: L20 - Housing
If you are a representative of Tri County Regional Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.