2017-11-10T15:43:29-05:00 2016-12-31 570969493 NORMAN JOHNSON & CO PA 191 N DANIEL MORGAN AVENUE SPARTANBURG SC 29306 990 2016-01-01 200726974 REGENESIS COMMUNITY DEVELOPMENT CORPORATION REGE 8645043090 139 SOUTH DEAN STREET SPARTANBURG SC 29302 HAROLD MITCHELL EXECUTIVE DIRECTOR 8645043090 2017-11-09 true GARY J JOHNSON CPA P00021916 8645738623 2017-11-09 23C75429F213772DFA213837623632D52952B1ED 7FB085052EA6F163A0104F2CC64A490003AE38D1 2016 2017-02-10 21:41:12Z HAROLD MITCHELL 139 SOUTH DEAN STREET SPARTANBURG SC 29302 225716 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 5 0 186893 49081 86683 68912 2507 2458 2882 276083 123333 151897 0 0 198292 171074 0 4846 161896 115734 512085 286808 -236002 -163475 2120864 2132052 905987 1080650 1214877 1051402 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 247169 68912 COUNSELED NEW HOMEOWNERS ABOUT HOMEOWNERSHIP. RENTED 11 UNITS OF HOUSING TO LOW-INCOME TENANTS, 5 OF WHICH ARE UNDER LEASE PURCHASE OPTIONS. 247169 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 5 0 5 true 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 true false false SC X COOKIE DEAN 8645986141 139 S DEAN STREET SPARTANBURG SC 29302 DR M KEITH MCDANIEL CHAIRMAN 2.00 X X 0 0 0 CHRISTOPHER E MABRY TREASURER 2.00 X X 0 0 0 TAMMY SPANN DIRECTOR 2.00 X 0 0 0 DIANE ALBINE SECRETARY 2.00 X X 0 0 0 ARTHUR CLEVELAND VICE CHAIR 2.00 X X 0 0 0 HAROLD MITCHELL EXECUTIVE DI 40.00 X 61900 0 0 61900 false false false 49081 23516 49081 RENTAL INCOME 900099 32065 32065 HOMEBUYER EDUCATION/COUNSELIN 900099 16612 16612 MANAGEMENT FEES 900099 9231 9231 PROGRAM FEES 900099 7004 7004 DEVELOPER FEES 900099 4000 4000 68912 2458 2458 105265 102383 2882 2882 123333 68912 5340 61900 49520 9285 3095 94262 91311 2213 738 14912 13441 1103 368 26088 13044 13044 14302 14302 2530 1265 1265 13500 10800 2430 270 2557 2475 82 10717 10717 17582 15472 1934 176 9333 8940 304 89 TELEPHONE AND UTILITIES 8936 7438 1458 40 MAINTENANCE AND REPAIRS 8454 8279 175 MISCELLANEOUS ADMIN. 1735 165 1500 70 286808 247169 34793 4846 194044 15200 2865 557738 560603 33026 32351 607895 816184 2250 2250 748539 108308 657813 640231 65233 65233 2120864 2132052 36004 94384 93630 126792 290854 465287 485499 394187 905987 1080650 X 808917 645442 120960 120960 285000 285000 1214877 1051402 2120864 2132052 -163475 X false false false X 237017 176073 46769 186893 49081 695833 237017 176073 46769 186893 49081 695833 695833 20720 21410 3764 2507 2458 50859 746692 504643 0.93190 0.91990 X PART II, LINE 10 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 63201 63201 655561 87805 567756 19358 17581 1777 10419 2922 7497 640231 PROPERTY SALES LIABILITY 243285 LOAN REPAYABLE FOR FOREST PARK DEVEL 81162 RENTS DUE TO OTHERS 69740 394187 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 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.