REGENESIS COMMUNITY DEVELOPEMENT CORPORATION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: REGENESIS COMMUNITY DEVELOPEMENT CORPORATION (EIN 20-0726974)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-07-12
IRS object ID: 201331939349300928
Schema version: 2012v2.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-07-12T16:03:11-05:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NORMAN JOHNSON & CO PA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	191 N DANIEL MORGAN AVENUE	AddressLine1
City	SPARTANBURG	City
State	SC	State
ZIP Code	29306	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	200726974	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	SPARTANBURG HOUSING DEVELOPMENTINC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	SPAR	NameControl
Phone	8645986077	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	139 SOUTH DEAN STREET	AddressLine1
Address Line2	ROOM/SUITE G	AddressLine2
City	SPARTANBURG	City
State	SC	State
ZIP Code	29302	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	HAROLD MITCHELL	Name
Title	BOARD CHAIRMAN	Title
Phone	8645986077	Phone
Date Signed	2013-07-05	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	GARY J JOHNSON CPA	Name
Phone	8645738623	Phone
Date Prepared	2013-07-05	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	445783	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	HTTP://WWW.HOMEINSPARTANBURG.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2001	YearFormation
State Legal Domicile	SC	StateLegalDomicile
Activity Or Mission Description	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	ActivityOrMissionDescription
Nbr Voting Members Governing Body	8	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	8	NbrIndependentVotingMembers
Total Nbr Employees	7	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	236214	ContributionsGrantsPriorYear
Contributions Grants Current Year	237017	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	105855	ProgramServiceRevenuePriorYear
Program Service Revenue CY	80046	ProgramServiceRevenueCY
Investment Income Prior Year	28522	InvestmentIncomePriorYear
Investment Income Current Year	20720	InvestmentIncomeCurrentYear
Other Revenue Current Year	-13714	OtherRevenueCurrentYear
Total Revenue Prior Year	370591	TotalRevenuePriorYear
Total Revenue Current Year	324069	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	174264	SalariesEtcPriorYear
Salaries Etc Current Year	179674	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	11722	TotalFundrsngExpCurrentYear
Other Expense Prior Year	200910	OtherExpensePriorYear
Other Expenses Current Year	347511	OtherExpensesCurrentYear
Total Expenses Prior Year	375174	TotalExpensesPriorYear
Total Expenses Current Year	527185	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-4583	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-203116	RevenuesLessExpensesCY
Total Assets BOY	1976639	TotalAssetsBOY
Total Assets EOY	1867465	TotalAssetsEOY
Total Liabilities BOY	85768	TotalLiabilitiesBOY
Total Liabilities EOY	179710	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	1890871	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	1687755	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	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	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	472491	Expense
Description	COUNSELED NEW HOMEOWNERS ABOUT HOMEOWNERSHIP. RENTED 10 UNITS OF HOUSING TO LOW-INCOME TENANTS, 5 OF WHICH ARE UNDER LEASE PURCHASE OPTIONS.	Description
Total Program Service Expense	472491	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	true	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	7	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	7	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	8	NbrVotingGoverningBodyMembers
Number Independent Voting Members	8	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	SC	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	COOKIE DEAN	NamePerson
Telephone Number	8645986141	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	139 S DEAN STREET	AddressLine1
City	SPARTANBURG	City
State	SC	State
ZIP Code	29302	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (9 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
ALEXANDER HRAY JR
DIRECTOR	1.00	X	0	0	0
J RUTH LITTLEJOHN
DIRECTOR	1.00	X	0	0	0
HAROLD MITCHELL
CHAIRMAN	2.00	X	0	0	0	X
DR M KEITH MCDANIEL
VICE CHAIRMA	1.00	X	0	0	0	X
MITCH KENNEDY
DIRECTOR	1.00	X	0	0	0
LEROY JETER
DIRECTOR	1.00	X	0	0	0
LEWIS SETTLE
DIRECTOR	1.00	X	0	0	0
SHELIA VINCENT
DIRECTOR	1.00	X	0	0	0
LIBERTY CANZATER
EXECUTIVE DI	40.00		70000	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	70000	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Government Grants	232017	GovernmentGrants
All Other Contributions	5000	AllOtherContributions
Total Contributions	237017	TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
HOMEBUYER EDUCATION/COUNSELIN	900099	47455	47455
RENTAL INCOME	900099	28926	28926
MANAGEMENT FEES	900099	2680	2680
PROGRAM FEES	900099	985	985

Field	Value	IRS element (for citing)
Total Program Service Revenue	80046	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	20720	TotalRevenueColumn
Exclusion	$20,720	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	108000	GrossSalesOfInventory
Cost Of Goods Sold	121714	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	-13714	TotalRevenueColumn
Related Or Exempt Function Income	-13714	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	324069	TotalRevenueColumn
Related Or Exempt Function Income	66332	RelatedOrExemptFunctionIncome
Exclusion	$20,720	ExclusionAmount

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	X	InfoInScheduleOPartIX

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	70000	Total
Program Services	56000	ProgramServices
Management And General	10500	ManagementAndGeneral
Fundraising	3500	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	93813	Total
Program Services	89795	ProgramServices
Management And General	3014	ManagementAndGeneral
Fundraising	1004	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	2081	Total
Program Services	1854	ProgramServices
Management And General	171	ManagementAndGeneral
Fundraising	56	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	13780	Total
Program Services	12264	ProgramServices
Management And General	1137	ManagementAndGeneral
Fundraising	379	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	632	Total
Management And General	632	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	19832	Total
Program Services	9916	ProgramServices
Management And General	9916	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	57300	Total
Program Services	46170	ProgramServices
Management And General	5130	ManagementAndGeneral
Fundraising	6000	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	5027	Total
Program Services	5027	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	3018	Total
Program Services	1590	ProgramServices
Management And General	1428	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	27000	Total
Program Services	21600	ProgramServices
Management And General	4860	ManagementAndGeneral
Fundraising	540	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	13451	Total
Program Services	11935	ProgramServices
Management And General	1516	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	1332	Total
Program Services	1332	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	11061	Total
Program Services	9730	ProgramServices
Management And General	1217	ManagementAndGeneral
Fundraising	114	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	9475	Total
Program Services	8823	ProgramServices
Management And General	598	ManagementAndGeneral
Fundraising	54	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
SC HOME FUNDS REFUND	74184	74184
LEASE CANCELLATION FEE	69971	69971
DOWNPAYMENT ASSISTANCE	13000	13000
TELEPHONE AND UTILITIES	11204	9076	2061	67

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	31024	Total
Program Services	30224	ProgramServices
Management And General	792	ManagementAndGeneral
Fundraising	8	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	527185	Total
Program Services	472491	ProgramServices
Management And General	42972	ManagementAndGeneral
Fundraising	11722	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	436927	BOY
EOY	336062	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	41501	BOY
EOY	13830	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	524633	BOY
EOY	540711	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	35273	BOY
EOY	34775	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	452436	BOY
EOY	540023	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	402919	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	65588	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	348391	BOY
EOY	337331	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	137478	BOY
EOY	64733	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1976639	BOY
EOY	1867465	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	16470	BOY
EOY	24277	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	16944	BOY
EOY	27179	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	52354	BOY
EOY	47092	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
EOY	81162	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	85768	BOY
EOY	179710	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1376871	BOY
EOY	1205755	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	279000	BOY
EOY	197000	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	235000	BOY
EOY	285000	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1890871	BOY
EOY	1687755	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1976639	BOY
EOY	1867465	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-203116	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	469938	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	283250	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	267000	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	236214	CurrentTaxYearMinus1Year
Current Tax Year	237017	CurrentTaxYear
Total	1493419	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	469938	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	283250	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	267000	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	236214	CurrentTaxYearMinus1Year
Current Tax Year	237017	CurrentTaxYear
Total	1493419	Total

Field	Value	IRS element (for citing)
Public Support Total170	1493419	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	27428	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	26553	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	27460	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	28522	CurrentTaxYearMinus1Year
Current Tax Year	20720	CurrentTaxYear
Total	130683	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	96687	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	73759	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	94339	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	105855	CurrentTaxYearMinus1Year
Current Tax Year	80046	CurrentTaxYear
Total	450686	Total

Field	Value	IRS element (for citing)
Total Support	2074788	TotalSupport
Gross Receipts From Admissions Etc	732358	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.71980	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.65760	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	true	IncludedOnFS
Explanation In Part XIII	X	ExplanationInPartXIII

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	15201	OtherCostOrOtherBasis
Book Value	15201	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	347652	OtherCostOrOtherBasis
Depreciation	36407	Depreciation
Book Value	311245	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	29647	OtherCostOrOtherBasis
Depreciation	27705	Depreciation
Book Value	1942	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	10419	OtherCostOrOtherBasis
Depreciation	1476	Depreciation
Book Value	8943	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	337331	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	LOAN REPAYABLE FOR FOREST PARK DEVEL	Description
Amount	$81,162	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	81162	TotalOfAmounts
Footnote In Part XIII	X	FootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt	324069	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	324069	RevenueSubtotal
Total Revenue Per Form990	324069	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	527185	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	527185	ExpensesSubtotal
Total Expenses Per Form990	527185	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ESCROW LIABILITY ARRANGEMENT EXPLANATION	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.
LIABILITY UNDER FIN 48 FOOTNOTE	SCHEDULE D, PAGE 3, PART X	THE ORGANIZATION BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT ANY SIGNIFICANT TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES AND IT HAS NOT BEEN SUBJECTED TO ANY SUCH EXAMINATIONS. TAX YEARS ENDING DECEMBER 31, 2009, 2010 AND 2011 REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES.

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S MISSION	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.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE BOARD CHAIRMAN WILL SIGN THE RETURN. THERE IS NO FORMAL REVIEW PROCESS.
ENFORCEMENT OF CONFLICTS POLICY	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.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	SHD GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE ORGANIZATION'S PHYSICAL LOCATION.
OTHER FEES FOR SERVICES	FORM 990, PART IX, LINE 11G	GRANT WRITING 0 0 6,000 CONSULTING FEES 46,170 5,130 0