2019-11-11T15:46:23-06:00 2018-12-31 570969493 NORMAN JOHNSON & CO PA 812 E MAIN ST SPARTANBURG SC 29302 990 2018-01-01 200726974 REGENESIS COMMUNITY DEVELOPMENT CORPORATION REGE 8645043090 PO BOX 5701 SPARTANBURG SC 29304 HAROLD MITCHELL EXECUTIVE DIRECTOR 8645043090 2019-11-11 true GARY J JOHNSON CPA P00021916 8645738623 2019-11-11 156.19.53.58 2019-11-11 15:46:23 CS P B8CEEEC7CF1937F9B6C03D8933EDFA07D93CB2EF 7FB085052EA6F163A0104F2CC64A490003AE38D1 2018 2020-03-31 21:24:44Z X HAROLD MITCHELL PO BOX 5701 SPARTANBURG SC 29304 138107 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 4 0 29016 36516 53001 90467 2413 11124 29955 0 114385 138107 0 0 129485 93120 0 3023 129490 110029 258975 203149 -144590 -65042 1932179 1901895 1025367 1015647 906812 886248 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 178178 90467 COUNSELED NEW HOMEOWNERS ABOUT HOMEOWNERSHIP. RENTED 10 UNITS OF HOUSING TO LOW-INCOME TENANTS, 5 OF WHICH ARE UNDER LEASE PURCHASE OPTIONS. 178178 true true 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 4 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 PO BOX 5701 SPARTANBURG SC 29304 TAMMY SPANN CHAIR 2.00 X X 0 0 0 CHRISTOPHER E MABRY TREASURER 2.00 X X 0 0 0 DIANE ALBINE SECRETARY 2.00 X X 0 0 0 LEWIS SETTLES DIRECTOR 2.00 X 0 0 0 CRYSTAL PHILLIPS DIRECTOR 2.00 X 0 0 0 HAROLD MITCHELL EXECUTIVE DI 40.00 X 23519 0 0 23519 false false false 23516 13000 23516 36516 RENTAL INCOME 900099 62870 62870 MANAGEMENT FEES 900099 20434 20434 HOMEBUYER EDUCATION/COUNSELIN 900099 6759 6759 PROGRAM FEES 900099 404 404 90467 2370 2370 8754 8754 8754 8754 138107 90467 11124 23519 18815 3528 1176 62500 58927 2680 893 7101 6418 512 171 11868 5934 5934 17666 17666 1562 781 781 22500 18000 4050 450 8547 8547 17582 15472 1934 176 7423 7203 170 50 MAINTENANCE AND REPAIRS 11654 11511 143 TELEPHONE AND UTILITIES 8804 7218 1539 47 MISCELLANEOUS ADMIN. 2392 1655 677 60 HOME DEVELOPMENT 31 31 203149 178178 21948 3023 26140 17858 560603 557738 31623 30835 623682 622915 2250 2250 748539 143473 622648 605066 65233 65233 1932179 1901895 75894 84887 164330 197586 560388 541481 224755 191693 1025367 1015647 X 500852 480288 120960 120960 285000 285000 906812 886248 1932179 1901895 X -65042 44478 X false false false X 46769 186893 49081 29016 36516 348275 46769 186893 49081 29016 36516 348275 348275 3764 2507 2458 2413 2370 13512 361787 370363 0.96270 0.93740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 63201 63201 655561 121278 534283 19358 18550 808 10419 3645 6774 605066 LOAN REPAYABLE FOR FOREST PARK DEVEL 81162 RENTS DUE TO OTHERS 78517 PROPERTY SALES LIABILITY 32014 191693 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 XI, LINE 9 RECLASSIFICATION OF RENTAL INCOME 44,478