2024-02-06T08:42:19-05:00 2022-12-31 200758852 ELLIOTT & PAINTER LLP 390 E HENRY ST STE 203 SPARTANBURG SC 29302 990 2022-01-01 200726974 REGENESIS COMMUNITY DEVELOPMENT CORPORATION REGE 8645043090 PO BOX 5701 SPARTANBURG SC 29304 HAROLD MITCHELL EXECUTIVE DIRECTOR 8645043090 2024-01-08 true HAROLD MITCHELL 999009999 false TAMMY M GRICE CPA P00183411 8645831476 2024-01-09 2022 2023-04-26 12:10:37Z HAROLD MITCHELL PO BOX 5701 SPARTANBURG SC 29304 69771 false X HTTP://WWW.RCDC.US X 2001 SC THIS CORPORATION IS ORGANIZED AS A NON-PROFIT ORGANIZATION WHICH WILL OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES; INCLUDING BUT NOT LIMITED TO DIRECTLY AND INDIRECTLY, TO DEVELOP, OWN, MANAGE, BUY AND SELL AFFORDABLE HOUSING IN AND AROUND THE CITY OF SPARTANBURG. A. TO IMPROVE COMMUNITIES IN AND AROUND THE CITY OF SPARTANBURG BY PROVIDING SAFE AND AFFORDABLE HOUSING AND A SUITABLE LIVING ENVIRONMENT, PRINCIPALLY FOR PERSONS OF LOW TO VERY LOW INCOMES. B. TO CONDUCT AND SUPPORT ACTIVITIES THAT WILL EXPAND AND PROMOTE ECONOMIC OPPORTUNITIES, COMMUNITY DEVELOPMENT AND COMMUNITY REVITALIZATION, PRINCIPALLY FOR PERSONS OF LOW TO VERY LOW INCOMES. C. TO COMBAT COMMUNITY DETERIORATION THROUGH RESIDENTIAL DEVELOPMENT AND REVITALIZATION, COMMERCIAL DEVELOPMENT AND REVITALIZATION, ECONOMIC DEVELOPMENT, AND HISTORIC PRESERVATION. D. TO SUPPORT CONDUCT SUCH OTHER AND FURTHER ACTIVITIES THAT MAY PROMOTE HOUSING, ECONOMIC DEVELOPMENT, NEIGHBORHOOD REVITALIZATION, HISTORIC PRESERVATION, AND COMMUNIT 5 5 3 0 3234 1686 53963 65886 2175 2199 0 59372 69771 0 0 35460 61270 0 1603 84740 98169 120200 159439 -60828 -89668 1906767 1856980 1233063 1272944 673704 584036 X THIS CORPORATION IS ORGANIZED AS A NON-PROFIT ORGANIZATION WHICH WILL OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES; INCLUDING BUT NOT LIMITED TO DIRECTLY AND INDIRECTLY, TO DEVELOP, OWN, MANAGE, BUY AND SELL AFFORDABLE HOUSING IN AND AROUND THE CITY OF SPARTANBURG. A. TO IMPROVE COMMUNITIES IN AND AROUND THE CITY OF SPARTANBURG BY PROVIDING SAFE AND AFFORDABLE HOUSING AND A SUITABLE LIVING ENVIRONMENT, PRINCIPALLY FOR PERSONS OF LOW TO VERY LOW INCOMES. B. TO CONDUCT AND SUPPORT ACTIVITIES THAT WILL EXPAND AND PROMOTE ECONOMIC OPPORTUNITIES, COMMUNITY DEVELOPMENT AND COMMUNITY REVITALIZATION, PRINCIPALLY FOR PERSONS OF LOW TO VERY LOW INCOMES. C. TO COMBAT COMMUNITY DETERIORATION THROUGH RESIDENTIAL DEVELOPMENT AND REVITALIZATION, COMMERCIAL DEVELOPMENT AND REVITALIZATION, ECONOMIC DEVELOPMENT, AND HISTORIC PRESERVATION. D. TO SUPPORT CONDUCT SUCH OTHER AND FURTHER ACTIVITIES THAT MAY PROMOTE HOUSING, ECONOMIC DEVELOPMENT, NEIGHBORHOOD REVITALIZATION, HISTORIC PRESERVATION, AND COMMUNIT false false 147504 65886 COUNSELED NEW HOMEOWNERS ABOUT HOMEOWNERSHIP. RENTED HOUSING TO LOW-INCOME TENANTS, SOME OF WHICH ARE UNDER LEASE PURCHASE OPTIONS. 147504 true false false false false false false false true false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 7 0 3 true false false false false false false false false false false false false X 5 5 false false false false false false false true true false false false true true true true true false false false SC X COOKIE DEAN 8645986141 430 EAST MAIN STREET SPARTANBURG SC 29304 X MILLER CUNNINGHAM CHAIRMAN 2.00 X X 0 0 0 CRYSTAL HOLMES SECRETARY/TR 2.00 X X 0 0 0 ELIZABETH MITCHELL BOARD MEMBER 2.00 X 0 0 0 TAMMY SPANN PAST CHAIRMA 2.00 X 0 0 0 RODMAN TULLIS BOARD MEMBER 2.00 X 0 0 0 HAROLD MITCHELL EXECUTIVE DI 16.00 X 0 0 0 false false false 641 1045 1686 RENTAL INCOME 900099 46817 46817 HOMEBUYER EDUCATION/COUNSELIN 900099 17811 17811 MANAGEMENT FEES 900099 1258 1258 65886 2199 2199 69771 65886 2199 X 56209 53399 1686 1124 5061 4808 152 101 46 46 6547 3273 3274 26735 26735 3360 1680 1680 12000 9600 2160 240 123 123 419 419 16878 16878 12207 12207 MAINTENANCE AND REPAIRS 9487 9487 TELEPHONE 4377 3501 788 88 MISCELLANEOUS ADMIN. 3442 2850 592 LICENSES AND PERMITS 2025 1975 50 523 523 159439 147504 10332 1603 82614 50750 654004 652959 617775 617775 2250 2250 745348 212102 550124 533246 1906767 1856980 73330 72961 270024 282607 543122 539264 346587 378112 1233063 1272944 X 673704 584036 673704 584036 1906767 1856980 -89668 X false false false X 36516 97 50 3234 1686 41583 36516 97 50 3234 1686 41583 41583 2370 2317 1763 2175 2199 10824 52407 400614 0.79350 0.86190 X false true X 63200 63200 662790 192744 470046 19358 19358 533246 RENTS DUE TO OTHERS 251030 LOAN REPAYABLE FOR FOREST PARK DEVEL 81162 PROPERTY SALES LIABILITY 32014 DEPOSITS HELD 9658 CURRENT PORTION OF DEBT 4248 378112 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE ORGANIZATION, AS PART OF ITS MISSION, PROVIDES MORTGAGES AND LEASE PURCHASE ARRANGEMENTS FOR AFFORDABLE HOUSING. ESCROWS ARE ESTABLISHED FOR CARRYING COSTS SUCH AS PROPERTY TAXES AND INSURANCE AND FOR CLOSING COSTS ASSISTANCE ON LEASE PURCHASES. FORM 990 - ORGANIZATION'S MISSION THIS CORPORATION IS ORGANIZED AS A NON-PROFIT ORGANIZATION WHICH WILL OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES; INCLUDING BUT NOT LIMITED TO DIRECTLY AND INDIRECTLY, TO DEVELOP, OWN, MANAGE, BUY AND SELL AFFORDABLE HOUSING IN AND AROUND THE CITY OF SPARTANBURG. A. TO IMPROVE COMMUNITIES IN AND AROUND THE CITY OF SPARTANBURG BY PROVIDING SAFE AND AFFORDABLE HOUSING AND A SUITABLE LIVING ENVIRONMENT, PRINCIPALLY FOR PERSONS OF LOW TO VERY LOW INCOMES. B. TO CONDUCT AND SUPPORT ACTIVITIES THAT WILL EXPAND AND PROMOTE ECONOMIC OPPORTUNITIES, COMMUNITY DEVELOPMENT AND COMMUNITY REVITALIZATION, PRINCIPALLY FOR PERSONS OF LOW TO VERY LOW INCOMES. C. TO COMBAT COMMUNITY DETERIORATION THROUGH RESIDENTIAL DEVELOPMENT AND REVITALIZATION, COMMERCIAL DEVELOPMENT AND REVITALIZATION, ECONOMIC DEVELOPMENT, AND HISTORIC PRESERVATION. D. TO SUPPORT CONDUCT SUCH OTHER AND FURTHER ACTIVITIES THAT MAY PROMOTE HOUSING, ECONOMIC DEVELOPMENT, NEIGHBORHOOD REVITALIZATION, HISTORIC PRESERVATION, AND COMMUNITY DEVELOPMENT. E. TO PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PEOPLE. F. TO EXERCISE ALL THE RIGHTS AND POWERS, CONFERRED UPON NON-PROFIT CORPORATIONS BY THE STATE OF SOUTH CAROLINA CONSISTENT WITH THE CORPORATE PURPOSE AND LIMITATIONS OF THE STATE AND FEDERAL LAW AND THE LAWS OF THE GRANT. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD CHAIRMAN OR EXECUTIVE DIRECTOR WILL SIGN THE RETURN. THERE IS NO FORMAL REVIEW PROCESS. FORM 990, PAGE 6, PART VI, LINE 12C THE MEMBERS OF THE BOARD AND EMPLOYEES ARE REQUIRED TO READ THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS AND SIGN THE FORM AT LEAST ANNUALLY. IN ADDITION THEY ARE REQUIRED TO EXCUSE THEMSELVES FROM ANY DISCUSSION AND VOTING ON ITEMS WHERE THERE MIGHT BE A CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE ORGANIZATION'S PHYSICAL LOCATION. FORM 990, PART IX, LINE 11G 26,735 0 0