2018-11-13T15:25:15-05:00 2017-12-31 570969493 NORMAN JOHNSON & CO PA 191 N DANIEL MORGAN AVENUE SPARTANBURG SC 29306 990 2017-01-01 200726974 REGENESIS COMMUNITY DEVELOPMENT CORPORATION REGE 8645043090 139 SOUTH DEAN STREET SPARTANBURG SC 29302 HAROLD MITCHELL EXECUTIVE DIRECTOR 8645043090 2018-11-13 true GARY J JOHNSON CPA P00021916 8645738623 2018-11-13 47.49.149.134 2018-11-13 14:25:15 CS P 38F475C18AFF675A673E8954E3B54A13F582F8B1 CBAE4F7F91812EDDE127A62756B92BCC0CCDE18E 2017 2019-02-21 02:37:17Z HAROLD MITCHELL 139 SOUTH DEAN STREET SPARTANBURG SC 29302 631930 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 6 6 5 0 49081 29016 68912 53001 2458 2413 2882 29955 123333 114385 0 0 171074 129485 0 5045 115734 129490 286808 258975 -163475 -144590 2132052 1932179 1080650 1025367 1051402 906812 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 226506 53001 COUNSELED NEW HOMEOWNERS ABOUT HOMEOWNERSHIP. RENTED 11 UNITS OF HOUSING TO LOW-INCOME TENANTS, 5 OF WHICH ARE UNDER LEASE PURCHASE OPTIONS. 226506 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 true false false false false false false false false true 5 0 5 true false false false false false false false false false false X 6 6 false false false false false false false true true false false false true true true true true true false false SC X COOKIE DEAN 8645986141 139 S DEAN STREET SPARTANBURG SC 29302 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 LEROY JETER DIRECTOR 2.00 X 0 0 0 HAROLD MITCHELL EXECUTIVE DI 40.00 X 59974 0 0 59974 false false false 29016 29016 29016 RENTAL INCOME 900099 32467 32467 HOMEBUYER EDUCATION/COUNSELIN 900099 13338 13338 PROGRAM FEES 900099 4664 4664 MANAGEMENT FEES 900099 2532 2532 53001 2413 2413 547500 517545 29955 29955 114385 53001 32368 59974 47979 8996 2999 58006 55414 1942 650 11505 10083 1067 355 7056 3528 3528 21573 21573 3126 3126 1304 652 652 36000 28800 6480 720 1509 1398 56 55 10114 10114 17582 15472 1934 176 7370 7145 174 51 MAINTENANCE AND REPAIRS 10383 10078 305 TELEPHONE AND UTILITIES 8192 6771 1382 39 MISCELLANEOUS ADMIN. 3269 2361 908 HOME DEVELOPMENT 2012 2012 258975 226506 27424 5045 15200 26140 560603 560603 32351 31623 816184 623682 2250 2250 748539 125891 640231 622648 65233 65233 2132052 1932179 94384 75894 126792 164330 465287 560388 394187 224755 1080650 1025367 X 645442 500852 120960 120960 285000 285000 1051402 906812 2132052 1932179 -144590 X false false false X 176073 46769 186893 49081 29016 487832 176073 46769 186893 49081 29016 487832 487832 21410 3764 2507 2458 2413 32552 520384 456277 0.93740 0.93190 X PART II, LINE 10 false true X 63201 63201 655561 104542 551019 19358 18066 1292 10419 3283 7136 622648 RENTS DUE TO OTHERS 111579 LOAN REPAYABLE FOR FOREST PARK DEVEL 81162 PROPERTY SALES LIABILITY 32014 224755 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. X MRTGE FORGIVEN 1 29016 false false false 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 15A THE BOARD OF DIRECTORS CONSIDERS COMPARABILITY DATA FOR EXECUTIVES IN THE AREA WHEN SETTING THE COMPENSATION LEVEL OF THE EXECUTIVE DIRECTOR. 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.