CITY OF SUMTER HOUSING AND ECONOMIC DEVELOPEMENT CORPORATION

Address
PO BOX 1449
SUMTER, SC 29151-1449
Contact
Nonprofit
NTEE: S30 - Economic Development
EIN: 58-2338582

Mission

To develop and manage decent affordable housing and revitalize low to very low income communities in the City of Sumter SC as described by HUDs Home Investment Program HOME
 20152014201320122010
Basic features of the organization
Year of formation1997
Metropolitan statistical area8140
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation   $0.00 
Number of employees   0 
Number of people compensated >$100k   0 
Personnel
Byrd, William
Title   Board member 
Name of key/compensated person   William Byrd 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   0.10 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
McCormick, Deron
Title   Treasurer Sumter administrator 
Name of key/compensated person   Deron McCormick 
Position of compensated person
Average hours per week working for org   0.10 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
McElveen, Joseph
Title   Board member Sumter mayor 
Name of key/compensated person   Joseph McElveen 
Position of compensated person
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Moss, Frances
Title   Board member 
Name of key/compensated person   Frances Moss 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   0.10 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Pratt, Penny
Title   Board member 
Name of key/compensated person   Penny Pratt 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   0.10 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Shannon, Elizabeth
Title   Chair of board 
Name of key/compensated person   Elizabeth Shannon 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   0.10 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Swyer, Ione
Title   Board member 
Name of key/compensated person   Ione Swyer 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   0.10 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
White, Melissa
Title   Board member 
Name of key/compensated person   Melissa White 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   0.10 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Purpose: mission, activities, & accomplishments
Mission or significant activities   To develop and manage decent affordable housing and revitalize low to very low income communities in the City of Sumter SC as described by HUDs Home Investment Program HOME 
Program service expenses, total   $214,647.00 
Programs, including revenue & expenses
The organization develops and revitalizes decent affordable housing for low and very low income communities in Sumter SC in accordance with HUD guidelines
Program expenses   $214,647.00 
Grants and allocations made   $40,000.00 
Program revenue   $135,865.00 
Program description   The organization develops and revitalizes decent affordable housing for low and very low income communities in Sumter SC in accordance with HUD guidelines 
Financial data
Revenue
Total revenue   $355,091.00 
Revenue from contributions (total)$18,545.00$169,397.00$4,218.00$219,226.00$50,047.00
Investment income, current yr   $0.00 
Total revenue from grants, etc., current yr   $219,226.00 
Total unrelated business revenue   $0.00 
Other revenue, current yr   $0.00 
Net unrelated business taxable revenue   $0.00 
Program service revenue (total)$4,905.00$2,239.00$2,213.00$135,865.00$0.00
Gross receipts   $355,091.00 
Sources of contributions
Revenue from gov't grants   $219,226.00 
Other types of revenue
Net rental income$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all   $291,828.00 
Total functional expenses: program service    $214,647.00 
Total functional expenses: management and general   $77,181.00 
Total functional expenses: fundraising   $0.00 
Fees for services
Fundraising service fees (total)   $0.00 
Assets and liabilities
Total assets$951,046.00$971,311.00$630,566.00$649,770.00$423,525.00
Total assets, beginning of year   $513,225.00 
Total liabilities$9,100.00$12.00$12.00$800.00$78,281.00
Total liabilities, beginning of year   $38,201.00 
Net assets   $648,970.00 
Net assets, beginning of year   $475,024.00 
Cash: non-interest bearing   $509,170.00 
Cash: non-interest bearing, beginning of year   $513,225.00 
Inventories for sale or use   $36,930.00 
Other financial variables
Revenue less expenses   $63,263.00 
Accounts payable & accrued expenses   $800.00 
Total net assets or fund balances   $648,970.00 
Governance and accountability
Number of voting members   9 
Number of independent voting members   9 
Other accounting method (indicator)   True 
Tax year start date   2011-07-01 
Tax year end date2015-06-012014-06-012013-06-012012-06-012010-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF   990 
Date e-filing submitted   2012-11-20 
IRS schema version   2011v1.2 
Filing identifier   201223129349301952 
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