2012-07-31T16:12:35-05:00 2011-12-31 NORMAN JOHNSON & CO PA 191 N DANIEL MORGAN AVENUE SPARTANBURG SC 29306 990 2011-01-01 200726974 SPARTANBURG HOUSING DEVELOPMENTINC SPAR 8645986077 139 S DEAN STREET ROOM/SUITE G SPARTANBURG SC 29302 HAROLD MITCHELL 8645986077 2012-06-19 true GARY J JOHNSON CPA 8645738623 2012-06-19 2011 2016-02-24 21:20:13Z 370591 false X HTTP://WWW.HOMEINSPARTANBURG.ORG 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 9 9 10 0 267000 236214 94339 105855 27460 28522 -54948 0 333851 370591 0 0 81986 174264 0 9691 199838 200910 281824 375174 52027 -4583 1966663 1976639 71209 85768 1895454 1890871 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 318372 COUNSELED NEW HOMEOWNERS ABOUT HOMEOWNERSHIP. RENTED 10 UNITS OF HOUSING TO LOW-INCOME TENANTS, 4 OF WHICH ARE UNDER LEASE PURCHASE OPTIONS. 318372 true true false false false false false false true false true false false true false true 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 true 1 0 10 true false false false false false false false false false false X 9 9 false false true false false false false true true false false false true true true true true false false false X HAROLD MITCHELL 8645986141 139 S DEAN STREET SPARTANBURG SC 29302 ALEXANDER HRAY JR 1.00 X 0 0 0 J RUTH LITTLEJOHN 1.00 X 0 0 0 HAROLD MITCHELL 1.00 X X 0 0 0 DR M KEITH MCDANIEL 1.00 X X 0 0 0 MITCH KENNEDY 1.00 X 0 0 0 ERIA WILLIAMS 1.00 X X 0 0 0 JODIE L VIEHMAN 1.00 X 0 0 0 LEROY JETER 1.00 X 0 0 0 LEWIS SETTLE 1.00 X 0 0 0 LIBERTY CANZATER 40.00 X 32577 0 0 32577 false false false 236214 236214 HOMEBUYER EDUCATION/COUNSELIN 900099 64510 64510 RENTAL INCOME 900099 38630 38630 MANAGEMENT FEES 900099 1945 1945 PROGRAM FEES 770 770 105855 28522 28522 370591 105855 28522 32577 26062 4887 1628 126420 121617 3652 1151 565 525 30 10 14702 13655 790 257 34000 27200 6120 680 2267 2267 19984 9992 9992 21059 9439 6467 5153 1160 1160 7385 4297 3088 27000 21600 4860 540 19206 18554 652 1393 1393 11060 9733 1217 110 8734 7356 1305 73 CONTRACT LABOR 17844 17844 TELEPHONE AND UTILITIES 12894 10458 2360 76 MAINTENANCE AND REPAIRS 9421 9260 148 13 BAD DEBT EXPENSE 4000 4000 3503 1960 1543 375174 318372 47111 9691 470131 436927 41501 502798 524633 35763 35273 461043 452436 402919 54528 359450 348391 137478 137478 1966663 1976639 8731 16470 16944 57615 52354 4863 71209 85768 X 1431454 1376871 279000 279000 185000 235000 1895454 1890871 1966663 1976639 -4583 X false true true X false X 222899 469938 283250 267000 236214 1479301 222899 469938 283250 267000 236214 1479301 1479301 32923 27428 26553 27460 28522 142886 256867 96687 73759 94339 105855 627507 2249694 105855 0.65760 0.64120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true false false false 15201 15201 347652 27716 319936 29647 25698 3949 10419 1114 9305 348391 DUE FROM RELATED PARTIES 137478 137478 370591 375174 -4583 -4583 370591 370591 370591 375174 375174 375174 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. 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.