REGENESIS COMMUNITY DEVELOPEMENT CORPORATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: REGENESIS COMMUNITY DEVELOPEMENT CORPORATION (EIN 20-0726974)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-07-31
IRS object ID: 201212139349301006
Schema version: 2011v1.2
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	2012-07-31T16:12:35-05:00	Timestamp
Tax Period End Date	2011-12-31	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	2011-01-01	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 S 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	2012-06-19	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	2012-06-19	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	370591	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	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	10	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	267000	ContributionsGrantsPriorYear
Contributions Grants Current Year	236214	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	94339	ProgramServiceRevenuePriorYear
Program Service Revenue CY	105855	ProgramServiceRevenueCY
Investment Income Prior Year	27460	InvestmentIncomePriorYear
Investment Income Current Year	28522	InvestmentIncomeCurrentYear
Other Revenue Prior Year	-54948	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	333851	TotalRevenuePriorYear
Total Revenue Current Year	370591	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	81986	SalariesEtcPriorYear
Salaries Etc Current Year	174264	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	9691	TotalFundrsngExpCurrentYear
Other Expense Prior Year	199838	OtherExpensePriorYear
Other Expenses Current Year	200910	OtherExpensesCurrentYear
Total Expenses Prior Year	281824	TotalExpensesPriorYear
Total Expenses Current Year	375174	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	52027	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-4583	RevenuesLessExpensesCY
Total Assets BOY	1966663	TotalAssetsBOY
Total Assets EOY	1976639	TotalAssetsEOY
Total Liabilities BOY	71209	TotalLiabilitiesBOY
Total Liabilities EOY	85768	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	1895454	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	1890871	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	318372	Expense
Description	COUNSELED NEW HOMEOWNERS ABOUT HOMEOWNERSHIP. RENTED 10 UNITS OF HOUSING TO LOW-INCOME TENANTS, 4 OF WHICH ARE UNDER LEASE PURCHASE OPTIONS.	Description
Total Program Service Expense	318372	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	true	ReportOtherAssets
Report Other Liabilities	false	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
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	1	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	10	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	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	true	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
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	HAROLD MITCHELL	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 (10 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	1.00	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
ERIA WILLIAMS
TREASURER	1.00	X	0	0	0	X
JODIE L VIEHMAN
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
LIBERTY CANZATER
EXECUTIVE DI	40.00		32577	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	32577	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Government Grants	236214	GovernmentGrants
Total Contributions	236214	TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
HOMEBUYER EDUCATION/COUNSELIN	900099	64510	64510
RENTAL INCOME	900099	38630	38630
MANAGEMENT FEES	900099	1945	1945
PROGRAM FEES		770	770

Field	Value	IRS element (for citing)
Total Program Service Revenue	105855	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	28522	TotalRevenueColumn
Exclusion	$28,522	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	370591	TotalRevenueColumn
Related Or Exempt Function Income	105855	RelatedOrExemptFunctionIncome
Exclusion	$28,522	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	32577	Total
Program Services	26062	ProgramServices
Management And General	4887	ManagementAndGeneral
Fundraising	1628	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	126420	Total
Program Services	121617	ProgramServices
Management And General	3652	ManagementAndGeneral
Fundraising	1151	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	565	Total
Program Services	525	ProgramServices
Management And General	30	ManagementAndGeneral
Fundraising	10	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	14702	Total
Program Services	13655	ProgramServices
Management And General	790	ManagementAndGeneral
Fundraising	257	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	34000	Total
Program Services	27200	ProgramServices
Management And General	6120	ManagementAndGeneral
Fundraising	680	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	2267	Total
Program Services	2267	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	19984	Total
Program Services	9992	ProgramServices
Management And General	9992	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	21059	Total
Program Services	9439	ProgramServices
Management And General	6467	ManagementAndGeneral
Fundraising	5153	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	1160	Total
Program Services	1160	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	7385	Total
Program Services	4297	ProgramServices
Management And General	3088	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	19206	Total
Program Services	18554	ProgramServices
Management And General	652	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	1393	Total
Program Services	1393	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	11060	Total
Program Services	9733	ProgramServices
Management And General	1217	ManagementAndGeneral
Fundraising	110	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	8734	Total
Program Services	7356	ProgramServices
Management And General	1305	ManagementAndGeneral
Fundraising	73	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
CONTRACT LABOR	17844	17844
TELEPHONE AND UTILITIES	12894	10458	2360	76
MAINTENANCE AND REPAIRS	9421	9260	148	13
BAD DEBT EXPENSE	4000	4000

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	3503	Total
Program Services	1960	ProgramServices
Management And General	1543	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	375174	Total
Program Services	318372	ProgramServices
Management And General	47111	ManagementAndGeneral
Fundraising	9691	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	470131	BOY
EOY	436927	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
EOY	41501	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	502798	BOY
EOY	524633	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	35763	BOY
EOY	35273	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	461043	BOY
EOY	452436	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	402919	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	54528	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	359450	BOY
EOY	348391	EOY

Other Assets Total OtherAssetsTotal

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

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1966663	BOY
EOY	1976639	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	8731	BOY
EOY	16470	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
EOY	16944	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	57615	BOY
EOY	52354	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	4863	BOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	71209	BOY
EOY	85768	EOY

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

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1431454	BOY
EOY	1376871	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

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

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	185000	BOY
EOY	235000	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1895454	BOY
EOY	1890871	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1966663	BOY
EOY	1976639	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-4583	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
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	222899	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	469938	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	283250	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	267000	CurrentTaxYearMinus1Year
Current Tax Year	236214	CurrentTaxYear
Total	1479301	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	222899	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	469938	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	283250	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	267000	CurrentTaxYearMinus1Year
Current Tax Year	236214	CurrentTaxYear
Total	1479301	Total

Field	Value	IRS element (for citing)
Public Support Total170	1479301	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	32923	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	27428	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	26553	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	27460	CurrentTaxYearMinus1Year
Current Tax Year	28522	CurrentTaxYear
Total	142886	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	256867	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	96687	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	73759	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	94339	CurrentTaxYearMinus1Year
Current Tax Year	105855	CurrentTaxYear
Total	627507	Total

Field	Value	IRS element (for citing)
Total Support	2249694	TotalSupport
Gross Receipts From Admissions Etc	105855	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.65760	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.64120	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)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	true	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

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	27716	Depreciation
Book Value	319936	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	29647	OtherCostOrOtherBasis
Depreciation	25698	Depreciation
Book Value	3949	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	10419	OtherCostOrOtherBasis
Depreciation	1114	Depreciation
Book Value	9305	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	348391	TotalOfBookValueLandBuildings

Other Assets OtherAssets

Field	Value	IRS element (for citing)
Description	DUE FROM RELATED PARTIES	Description
Book Value	137478	BookValue

Field	Value	IRS element (for citing)
Total Book Value Other Assets	137478	TotalBookValueOtherAssets
Total Revenue	370591	TotalRevenue
Total Expenses	375174	TotalExpenses
Excess Or Deficit For Year	-4583	ExcessOrDeficitForYear
Excess Or Deficit Per FS	-4583	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	370591	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	370591	RevenueSubtotal
Total Revenue Per Form990	370591	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	375174	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	375174	ExpensesSubtotal
Total Expenses Per Form990	375174	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (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 SUCH EXAMIINATIONS. TAX YEARS ENDING DECEMBER 31, 2008, 2009, AND 2010 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.
SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS	FORM 990, PAGE 6, PART VI, LINE 4	THE BY-LAWS WERE AMENDED TO INCREASE THE SIZE OF THE BOARD FROM 6 TO 15 MEMBERS AND TO CHANGE THE DEFINITION OF A QUORUM TO ONE-THIRD OF THE MEMBERS. IN ADDITION AN AUDIT COMMITTEE AND A FINANCE COMMITTEE WERE CREATED AND THEIR RESPONSIBITIES WERE DEFINED.
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.