Civic Intelligence

Charleston Redevelopment Corporation

990 • Fiscal year 2021 • EIN 27-3715681

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 07, 2022

75 Calhoun Street Suite 3200Charleston, SC 29401

(843) 970-1802

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.47x

Higher debt load relative to assets than 75% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

82nd percentile

1.14x

Higher debt load relative to revenue than 82% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

96th percentile

83%

Higher net margin than 96% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

17th percentile

$65,769

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

97th percentile

154%

Faster asset growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

39th percentile

5.5%

Faster revenue growth than 39% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$14,293,974

Up $8,672,148 (+154%) from 2020

Net Assets

Up

$7,538,053

Up $4,908,996 (+187%) from 2020

Liabilities

Up

$6,755,921

Up $3,763,152 (+126%) from 2020

Revenue

Up

$5,936,655

Up $308,212 (+5.5%) from 2020

Expenses

Down

$1,027,659

Down $3,458,704 (-77%) from 2020

Net Income

Up

$4,908,996

Up $3,766,916 (+330%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2019: $4,525,407Liabilities 2019: $1,038,280Net Assets 2019: $3,487,1272019Assets 2020: $5,621,826Liabilities 2020: $2,992,769Net Assets 2020: $2,629,0572020Assets 2021: $14,293,974Liabilities 2021: $6,755,921Net Assets 2021: $7,538,0532021Assets 2022: $17,732,982Liabilities 2022: $6,937,511Net Assets 2022: $10,795,4712022Assets 2023: $19,669,371Liabilities 2023: $6,667,413Net Assets 2023: $13,001,9582023Assets 2024: $21,487,391Liabilities 2024: $6,902,946Net Assets 2024: $14,584,4452024

Highlighted filing

2021

Assets$14,293,974
Liabilities$6,755,921
Net Assets$7,538,053

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Revenue 2019: $3,454,167Expenses 2019: $43,601Net Income 2019: $3,410,5662019Revenue 2020: $5,628,443Expenses 2020: $4,486,363Net Income 2020: $1,142,0802020Revenue 2021: $5,936,655Expenses 2021: $1,027,659Net Income 2021: $4,908,9962021Revenue 2022: $6,079,133Expenses 2022: $2,804,516Net Income 2022: $3,274,6172022Revenue 2023: $3,541,424Expenses 2023: $1,334,937Net Income 2023: $2,206,4872023Revenue 2024: $3,047,077Expenses 2024: $1,464,590Net Income 2024: $1,582,4872024

Highlighted filing

2021

Revenue$5,936,655
Expenses$1,027,659
Net Income$4,908,996
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 7, 2022
Return Version
2021v4.0
Gross Receipts
$5,936,655
Mission and Program Overview

Mission

To facilitate, develop, and advocate for neighborhood revitalization, affordable housing construction, preservation and economic development in charleston county

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,913,333$7,814,711▲ $4,901,378
Other Notes and Loans Receivable, Net$1,300,000$2,987,108▲ $1,687,108
Cash and Non-Interest-Bearing Accounts$857,375$2,066,214▲ $1,208,839
Intangible Assets$29,963$77,560▲ $47,597
Accounts Receivable$16,849$22,526▲ $5,677
Prepaid Expenses and Deferred Charges$10,387$12,186▲ $1,799
Total Assets$5,621,826$14,293,974▲ $8,672,148
Other Assets Total$493,919$1,313,669▲ $819,750
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,951,333$6,354,666▲ $3,403,333
Deferred Revenue-$306,652-
Accounts Payable and Accrued Expenses$20,435$63,143▲ $42,708
Other Liabilities$21,001$31,460▲ $10,459
Total Liabilities$2,992,769$6,755,921▲ $3,763,152
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,921,925$6,855,614▲ $4,933,689
Net Assets With Donor Restrictions$707,132$682,439▼ $24,693
Total Net Assets Fund Balance$2,629,057$7,538,053▲ $4,908,996
Total Liabilities and Net Assets / Fund Balance$5,621,826$14,293,974▲ $8,672,148

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,314,711$201,289$5,516,000
Land$2,500,000-$2,500,000
Other Assets Org$216,470--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
F a Johnson Ii EsqExecutive DiFT$59,769$6,000$65,769

Board Members and Trustees

NameTitle
Mr Eli Poliakoff EsqPresident
Mr Gregory VoigtBoard Member
Mr Jonathan OakmanBoard Member
Mr Otha MeadowsBoard Member
Mr Theron SnypeBoard Member
Ms April J WoodBoard Member
Ms Carol JacksonBoard Member
Ms Latonya GambleBoard Member
Ms Diane HamiltonSecretary
Ms Cheryl F Ferraro CPATreasurer
Mrs Geona Shaw-johnsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$5,140,105
Program Service Revenue
$785,393
Investment Income
$767
Other Revenue
$10,390
All Other Contributions
$51,425
Change in Net Assets
$4,908,996
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$860,797
Salaries, Compensation, and Employee Benefits$166,862
Total Fundraising Expense$1,514
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$279,814--$279,814
Depreciation Depletion$115,869--$115,869
Fees for Services Other$104,389--$104,389
Other Salaries and Wages$70,353--$70,353
Current Officers, Directors, Trustees, and Key Employees$52,467$6,085$1,217$59,769
Office Expenses$41,232$78$16$41,326
Other Employee Benefits$26,560--$26,560
Payroll Taxes$9,632$457$91$10,180
Advertising$7,096--$7,096
Fees for Services Accounting-$4,895-$4,895
Information Technology$4,421--$4,421
Insurance-$949$190$1,139
Travel$663--$663
Other Expenses$454--$454
Total Functional Expenses$1,013,681$12,464$1,514$1,027,659
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Secuity Deposit$31,460
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 was distributed, discussed, and voted on by the board prior to filing.

Form 990, Page 6, Part VI, Line 12C

A director with a conflict of interest must disclose the nature of the conflict and provide a written statement to the president of the board prior to any action of the board on the issue for which the director has a conflict of interest. Such statement will be read and will be incorporated as part of the official minutes for the meeting. Further, the involved director must recuse himself/herself from any discussion, deliberation, and voting related to the issue which presents a conflict of interest.

Form 990, Page 6, Part VI, Line 15A

The finance committee is charged with annual budget review including ceo compensation.

Form 990, Page 6, Part VI, Line 19

The organization makes these documents available upon public request at its corporate offices.

Filing and Contact Details

Filer

Filer Name
Charleston Redevelopment
EIN
27-3715681
Phone
8439701802
Address
75 CALHOUN STREET SUITE 3200, CHARLESTON, SC 29401

Signing Officer

Name
Ms Cheryl F Ferraro CPA
Title
Treasurer
Phone
8437243766
Signed
2022-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Eli Poliakoff Esq
Formed
2012
Legal Domicile
Sc
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
11

Preparer

Firm
Glaser and Company LLC
Address
1859 SUMMERVILLE AVE STE 800, CHARLESTON, SC 29405
Preparer
Erik M Glaser CPA
Phone
8438490179
Supplemental Narrative

Additional Explanations

Form 990, Part III

Line 4a: - the crc's approach to affordable homeownership is a community focused effort. Our dedication to the community is highlighted by our board, which maintains 1/3 representation by low to moderate income persons or residents of low income neighborhoods. - community control of land is maintained where the trust retains ownership of the land and conveys ownership of the improvements to an individual via a 99-year long-term renewable ground lease that can be inherited by future generations. - single family detached and multi-family housing is removed from the speculative market to restrict price appreciation and to maintain long-term affordability, both in ownership and rental housing. - preserves public and private subsidies by managing price appreciation, retaining community value, and recycling the subsidy, land, and affordable units for future generations. The resale price of pclt properties is capped by a formula to ensure affordability remains with the property owner. - allows local control of the community's housing future to build a long- term relationship with homeowners. - large scale development is possible through joint venture development and public-private partnerships.

Form 990, Part IX, Line 11G

Management fees housing 37,143 0 0 professional services 67,246 0 0 total 104,389 0 0

Form 990, Part XI, Line 9

BAD DEBTS 0

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IRS990/OfficeExpensesGrp/TotalAmt041326
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0493919
IRS990/OtherAssetsTotalGrp/EOYAmt01313669
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt026560
IRS990/OtherEmployeeBenefitsGrp/TotalAmt026560
IRS990/OtherExpensesGrp/Desc0COST OF HOUSE SALES
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2BAD DEBT - RESIDENTIAL
IRS990/OtherExpensesGrp/ProgramServicesAmt0299489
IRS990/OtherExpensesGrp/ProgramServicesAmt11242
IRS990/OtherExpensesGrp/ProgramServicesAmt2454
IRS990/OtherExpensesGrp/TotalAmt0299489
IRS990/OtherExpensesGrp/TotalAmt11242
IRS990/OtherExpensesGrp/TotalAmt2454
IRS990/OtherLiabilitiesGrp/BOYAmt021001
IRS990/OtherLiabilitiesGrp/EOYAmt031460
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010390
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010390
IRS990/OtherRevenueTotalAmt010390
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt070353
IRS990/OtherSalariesAndWagesGrp/TotalAmt070353
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01300000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02987108
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt091
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0457
IRS990/PayrollTaxesGrp/ProgramServicesAmt09632
IRS990/PayrollTaxesGrp/TotalAmt010180
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010387
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012186
IRS990/PrincipalOfficerNm0MR ELI POLIAKOFF ESQ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1236000
IRS990/ProgramServiceRevenueGrp/BusinessCd2522310
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1HOME SALES
IRS990/ProgramServiceRevenueGrp/Desc2ADMINISTRATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0532093
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1197000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt256300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0532093
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1197000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt256300
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01155902
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0267
IRS990/PYOtherExpensesAmt0392170
IRS990/PYOtherRevenueAmt012529
IRS990/PYProgramServiceRevenueAmt0459745
IRS990/PYRevenuesLessExpensesAmt01142080
IRS990/PYSalariesCompEmpBnftPaidAmt094193
IRS990/PYTotalExpensesAmt0486363
IRS990/PYTotalRevenueAmt01628443
IRS990/ReconcilationRevenueExpnssAmt04908996
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05140105
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01155902
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt03433846
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0172500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt05500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt09907853
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0767
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0267
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01090
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0795783
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0472274
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt068424
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01336481
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0767
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0267
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01090
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt011244334
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05935888
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01628176
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03502270
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0172500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05500
IRS990ScheduleA/Total509Grp/TotalAmt011244334
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05936655
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01628443
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03502284
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0172542
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05500
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011245424
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt05314711
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0201289
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05516000
IRS990ScheduleD/LandGrp/BookValueAmt02500000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02500000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0639699
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1457500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2216470
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0HOME CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LAND HELD FOR DEVELOPMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESTRICTED DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031460
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECUITY DEPOSIT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07814711
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01313669
IRS990ScheduleD/TotalLiabilityAmt031460
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 4A: - THE CRC'S APPROACH TO AFFORDABLE HOMEOWNERSHIP IS A COMMUNITY FOCUSED EFFORT. OUR DEDICATION TO THE COMMUNITY IS HIGHLIGHTED BY OUR BOARD, WHICH MAINTAINS 1/3 REPRESENTATION BY LOW TO MODERATE INCOME PERSONS OR RESIDENTS OF LOW INCOME NEIGHBORHOODS. - COMMUNITY CONTROL OF LAND IS MAINTAINED WHERE THE TRUST RETAINS OWNERSHIP OF THE LAND AND CONVEYS OWNERSHIP OF THE IMPROVEMENTS TO AN INDIVIDUAL VIA A 99-YEAR LONG-TERM RENEWABLE GROUND LEASE THAT CAN BE INHERITED BY FUTURE GENERATIONS. - SINGLE FAMILY DETACHED AND MULTI-FAMILY HOUSING IS REMOVED FROM THE SPECULATIVE MARKET TO RESTRICT PRICE APPRECIATION AND TO MAINTAIN LONG-TERM AFFORDABILITY, BOTH IN OWNERSHIP AND RENTAL HOUSING. - PRESERVES PUBLIC AND PRIVATE SUBSIDIES BY MANAGING PRICE APPRECIATION, RETAINING COMMUNITY VALUE, AND RECYCLING THE SUBSIDY, LAND, AND AFFORDABLE UNITS FOR FUTURE GENERATIONS. THE RESALE PRICE OF PCLT PROPERTIES IS CAPPED BY A FORMULA TO ENSURE AFFORDABILITY REMAINS WITH THE PROPERTY OWNER. - ALLOWS LOCAL CONTROL OF THE COMMUNITY'S HOUSING FUTURE TO BUILD A LONG- TERM RELATIONSHIP WITH HOMEOWNERS. - LARGE SCALE DEVELOPMENT IS POSSIBLE THROUGH JOINT VENTURE DEVELOPMENT AND PUBLIC-PRIVATE PARTNERSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WAS DISTRIBUTED, DISCUSSED, AND VOTED ON BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DIRECTOR WITH A CONFLICT OF INTEREST MUST DISCLOSE THE NATURE OF THE CONFLICT AND PROVIDE A WRITTEN STATEMENT TO THE PRESIDENT OF THE BOARD PRIOR TO ANY ACTION OF THE BOARD ON THE ISSUE FOR WHICH THE DIRECTOR HAS A CONFLICT OF INTEREST. SUCH STATEMENT WILL BE READ AND WILL BE INCORPORATED AS PART OF THE OFFICIAL MINUTES FOR THE MEETING. FURTHER, THE INVOLVED DIRECTOR MUST RECUSE HIMSELF/HERSELF FROM ANY DISCUSSION, DELIBERATION, AND VOTING RELATED TO THE ISSUE WHICH PRESENTS A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINANCE COMMITTEE IS CHARGED WITH ANNUAL BUDGET REVIEW INCLUDING CEO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON PUBLIC REQUEST AT ITS CORPORATE OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MANAGEMENT FEES HOUSING 37,143 0 0 PROFESSIONAL SERVICES 67,246 0 0 TOTAL 104,389 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BAD DEBTS 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0CRC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1CRC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0PCTL SEA ISLAND APARTMENTS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1PALMETTO COMMUNITY LAND TRUST NORTH
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine2Txt0CENTRAL LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0843616653
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1873424286
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt03091104
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt15013930
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1SC
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0504538
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt1104672
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt075 CALHOUN ST SUITE 3200
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt175 CALHOUN ST SUITE 3200
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0CHARLESTON
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1CHARLESTON
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1SC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd029401

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