Civic Intelligence

Miracle Square Inc.

990 • Fiscal year 2023 • EIN 56-2525420

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2025

1403 Jaret CourtWest Columbia, SC 29169

(803) 808-3966

Siviq Scores

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

Liabilities / Assets

96th percentile

1.36x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

11.55x

Higher debt load relative to revenue than 99% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

26th percentile

-8.4%

Higher net margin than 26% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

41st percentile

0.3%

Faster asset growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

60th percentile

16%

Faster revenue growth than 60% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$856,091

Up $2,487 (+0.3%) from 2022

Net Assets

Down

-$310,769

Down $19,534 (-6.7%) from 2022

Liabilities

Up

$1,166,860

Up $22,021 (+1.9%) from 2022

Revenue

Up

$101,017

Up $13,724 (+16%) from 2022

Expenses

Up

$109,498

Up $6,306 (+6.1%) from 2022

Net Income

Up

-$8,481

Up $7,418 (+47%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $1,038,786Liabilities 2011: $1,153,901Net Assets 2011: -$115,1152011Assets 2012: $1,016,479Liabilities 2012: $1,154,810Net Assets 2012: -$138,3312012Assets 2013: $996,665Liabilities 2013: $1,152,078Net Assets 2013: -$155,4132013Assets 2014: $986,287Liabilities 2014: $1,146,378Net Assets 2014: -$160,0912014Assets 2015: $973,365Liabilities 2015: $1,143,896Net Assets 2015: -$170,5312015Assets 2016: $959,038Liabilities 2016: $1,145,140Net Assets 2016: -$186,1022016Assets 2017: $932,273Liabilities 2017: $1,144,249Net Assets 2017: -$211,9762017Assets 2018: $922,591Liabilities 2018: $1,143,757Net Assets 2018: -$221,1662018Assets 2019: $930,409Liabilities 2019: $1,155,544Net Assets 2019: -$225,1352019Assets 2020: $890,878Liabilities 2020: $1,143,724Net Assets 2020: -$252,8462020Assets 2021: $872,968Liabilities 2021: $1,148,304Net Assets 2021: -$275,3362021Assets 2022: $853,604Liabilities 2022: $1,144,839Net Assets 2022: -$291,2352022Assets 2023: $856,091Liabilities 2023: $1,166,860Net Assets 2023: -$310,7692023Assets 2024: $854,818Liabilities 2024: $1,175,625Net Assets 2024: -$320,8072024

Highlighted filing

2023

Assets$856,091
Liabilities$1,166,860
Net Assets-$310,769

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $57,702Expenses 2011: $87,604Net Income 2011: -$29,9022011Revenue 2012: $68,383Expenses 2012: $91,597Net Income 2012: -$23,2142012Revenue 2013: $72,012Expenses 2013: $89,096Net Income 2013: -$17,0842013Revenue 2014: $81,172Expenses 2014: $85,850Net Income 2014: -$4,6782014Revenue 2015: $76,252Expenses 2015: $86,692Net Income 2015: -$10,4402015Revenue 2016: $73,556Expenses 2016: $89,127Net Income 2016: -$15,5712016Revenue 2017: $73,921Expenses 2017: $99,795Net Income 2017: -$25,8742017Revenue 2018: $74,428Expenses 2018: $83,618Net Income 2018: -$9,1902018Revenue 2019: $84,544Expenses 2019: $88,513Net Income 2019: -$3,9692019Revenue 2020: $85,608Expenses 2020: $113,319Net Income 2020: -$27,7112020Revenue 2021: $94,086Expenses 2021: $116,576Net Income 2021: -$22,4902021Revenue 2022: $87,293Expenses 2022: $103,192Net Income 2022: -$15,8992022Revenue 2023: $101,017Expenses 2023: $109,498Net Income 2023: -$8,4812023Revenue 2024: $104,814Expenses 2024: $114,852Net Income 2024: -$10,0382024

Highlighted filing

2023

Revenue$101,017
Expenses$109,498
Net Income-$8,481
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2025
Return Version
2023v6.0
Gross Receipts
$101,017
Mission and Program Overview

Mission

Miracle square, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of south carolina. The corporation was formed for the purpose of operating a 10 unit project known as miracle square located in sumter, south carolina, which provides housing for persons with disabilities. The corporation receives housing assistance from the u.s. Department of housing and urban development pursuant to section 811 of the national housing act, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$732,717$703,605▼ $29,112
Cash and Non-Interest-Bearing Accounts$3,973$25,330▲ $21,357
Prepaid Expenses and Deferred Charges$3,406$11,693▲ $8,287
Accounts Receivable$2,516$5,006▲ $2,490
Total Assets$853,604$856,091▲ $2,487
Other Assets Total$110,992$110,457▼ $535
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,137,348$1,148,300▲ $10,952
Accounts Payable and Accrued Expenses$5,463$16,391▲ $10,928
Other Liabilities$2,028$2,169▲ $141
Total Liabilities$1,144,839$1,166,860▲ $22,021
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-291,235$-310,769▼ $19,534
Total Net Assets Fund Balance$-291,235$-310,769▼ $19,534
Total Liabilities and Net Assets / Fund Balance$853,604$856,091▲ $2,487

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$616,973$411,316$1,028,289
Land$70,947-$70,947
Equipment$9,630$40,496$50,126
Other Land Buildings$6,055$4,180$10,235
Other Assets Org$1--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ronnie McraePresident
Margaret HarrisVice President
James McraeBoard Member
Jessica GurleySecretary
Annette GilcrestTreasurer
Nakia StacksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$75,507
Program Service Revenue
$25,019
Investment Income
$491
Other Revenue
$0
Change in Net Assets
$-8,481

Audited Revenue Reconciliation

Revenue per Audited Statements
$101,017
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$101,017
Total Revenue per Form 990
$101,017
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$109,498
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$29,007--$29,007
Insurance$15,308--$15,308
Occupancy$11,611--$11,611
All Other Expenses$6,877$331-$7,208
Fees for Services Management$6,726--$6,726
Other Expenses$5,126--$5,126
Fees for Services Accounting-$4,360-$4,360
Office Expenses$4,126--$4,126
Fees for Services Legal$8--$8
Total Functional Expenses$104,807$4,691$0$109,498

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$109,498
Total Expenses per Audited Statements$109,498
Total Expenses per Form 990$109,498
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 Security Deposits$2,169
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization has entered into a management agreement with a management company for day-to-day management of the apartment community as is customary for owners/operators of hud-assisted rental communities. The management contract encompasses the day-to-day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary, and affordable enviornment.

Form 990, Part VI, Section A, Line 7A

The directors of the corporation shall, at all times, be limited to individuals who are either members of south sumter new direction foundation or nonmembers who have the approval of the board of trustees (directors) of the said sponsoring organization. In the event that a director of the corporation ceases to be a member of south sumter new direction foundation or, if the aforesaid approval is withdrawn, then, in either event, such shall constitute automatic resignation as a director (trustee) of the corporation.

Form 990, Part VI, Section B, Line 11B

The return is prepared by a certified public accounting firm and provided to the management company for initial review and approval. The return is then forwarded to the board of directors for final review, approval and signature.

Form 990, Part VI, Section C, Line 19

Documents are maintained by the board of directors and copies are provided upon request.

Filing and Contact Details

Filer

Filer Name
Miracle Square Inc
EIN
56-2525420
Phone
8038083966
Address
1403 JARET COURT, WEST COLUMBIA, SC 29169

Signing Officer

Name
Ronnie Mcrae
Title
Board President
Phone
8038083966
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronnie Mcrae
Formed
2004
Legal Domicile
Sc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Irish Thurston
Phone
3362944494
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax, and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state returns are subject to examination for three years after the later of the original or extended due date or the date files with the applicable tax authority.

Raw XML AppendixShowing 400 of 419 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05463
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt016391
IRS990/AccountsReceivableGrp/BOYAmt02516
IRS990/AccountsReceivableGrp/EOYAmt05006
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0MIRACLE SQUARE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 10 UNIT PROJECT KNOWN AS MIRACLE SQUARE LOCATED IN SUMTER, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR PERSONS WITH DISABILITIES. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED.
IRS990/AddressChangeInd0X
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0331
IRS990/AllOtherExpensesGrp/ProgramServicesAmt06877
IRS990/AllOtherExpensesGrp/TotalAmt07208
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SOUTHERN DEVELOPMENT MANAGEMENT COMPANY INC
IRS990/BooksInCareOfDetail/PhoneNum08038083966
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01403 JARET COURT
IRS990/BooksInCareOfDetail/USAddress/CityNm0WEST COLUMBIA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd029169
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt03973
IRS990/CashNonInterestBearingGrp/EOYAmt025330
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt075507
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0491
IRS990/CYOtherExpensesAmt0109498
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt025019
IRS990/CYRevenuesLessExpensesAmt0-8481
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0109498
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0101017
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt029007
IRS990/DepreciationDepletionGrp/TotalAmt029007
IRS990/Desc0MIRACLE SQUARE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 10 UNIT PROJECT KNOWN AS MIRACLE SQUARE LOCATED IN SUMTER, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR PERSONS WITH DISABILITIES. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0104807
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04360
IRS990/FeesForServicesAccountingGrp/TotalAmt04360
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt08
IRS990/FeesForServicesLegalGrp/TotalAmt08
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt06726
IRS990/FeesForServicesManagementGrp/TotalAmt06726
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0RONNIE MCRAE
IRS990/Form990PartVIISectionAGrp/PersonNm1MARGARET HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm2JESSICA GURLEY
IRS990/Form990PartVIISectionAGrp/PersonNm3NAKIA STACKS
IRS990/Form990PartVIISectionAGrp/PersonNm4ANNETTE GILCREST
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES MCRAE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt075507
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0101017
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt015308
IRS990/InsuranceGrp/TotalAmt015308
IRS990/InvestmentIncomeGrp/ExclusionAmt0491
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0491
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0455992
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0732717
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0703605
IRS990/LandBldgEquipCostOrOtherBssAmt01159597
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MIRACLE SQUARE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 10 UNIT PROJECT KNOWN AS MIRACLE SQUARE LOCATED IN SUMTER, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR PERSONS WITH DISABILITIES. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01137348
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01148300
IRS990/NetAssetsOrFundBalancesBOYAmt0-291235
IRS990/NetAssetsOrFundBalancesEOYAmt0-310769
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-291235
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-310769
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt011611
IRS990/OccupancyGrp/TotalAmt011611
IRS990/OfficeExpensesGrp/ProgramServicesAmt04126
IRS990/OfficeExpensesGrp/TotalAmt04126
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0110992
IRS990/OtherAssetsTotalGrp/EOYAmt0110457
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACTS
IRS990/OtherExpensesGrp/Desc1MANAGER SALARY REIMBURS
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3PAYROLL
IRS990/OtherExpensesGrp/ProgramServicesAmt010442
IRS990/OtherExpensesGrp/ProgramServicesAmt19568
IRS990/OtherExpensesGrp/ProgramServicesAmt26008
IRS990/OtherExpensesGrp/ProgramServicesAmt35126
IRS990/OtherExpensesGrp/TotalAmt010442
IRS990/OtherExpensesGrp/TotalAmt19568
IRS990/OtherExpensesGrp/TotalAmt26008
IRS990/OtherExpensesGrp/TotalAmt35126
IRS990/OtherLiabilitiesGrp/BOYAmt02028
IRS990/OtherLiabilitiesGrp/EOYAmt02169
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03406
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011693
IRS990/PrincipalOfficerNm0RONNIE MCRAE
IRS990/PriorPeriodAdjustmentsAmt0-11053
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL PAYMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt025019
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt025019
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt062616
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt053
IRS990/PYOtherExpensesAmt0103192
IRS990/PYOtherRevenueAmt0468
IRS990/PYProgramServiceRevenueAmt024156
IRS990/PYRevenuesLessExpensesAmt0-15899
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0103192
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt087293
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-8481
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt025019
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt075507
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt062616
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt065632
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt062552
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt062383
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0328690
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0491
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt053
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt046
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt049
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0681
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt025019
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt024156
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt022255
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt022584
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt021639
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0115653
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0491
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt053
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt046
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt049
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0681
IRS990ScheduleA/InvestmentIncomeCYPct00.00150
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99850
IRS990ScheduleA/PublicSupportPY509Pct00.98080
IRS990ScheduleA/PublicSupportTotal509Amt0444343
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0100526
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt086772
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt087887
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt085136
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt084022
IRS990ScheduleA/Total509Grp/TotalAmt0444343
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0101017
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt086825
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt087933
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt085185
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt084064
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0445024
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0616973
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0411316
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01028289
IRS990ScheduleD/EquipmentGrp/BookValueAmt09630
IRS990ScheduleD/EquipmentGrp/DepreciationAmt040496
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt050126
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0109498
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt070947
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt070947
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02169
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1106320
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21967
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06055
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04180
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010235
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02169
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0101017
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX, AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE RETURNS ARE SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILES WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0703605
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0110457
IRS990ScheduleD/TotalExpensesPerForm990Amt0109498
IRS990ScheduleD/TotalLiabilityAmt02169
IRS990ScheduleD/TotalRevenuePerForm990Amt0101017
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0101017
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0109498
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT COMPANY FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS CUSTOMARY FOR OWNERS/OPERATORS OF HUD-ASSISTED RENTAL COMMUNITIES. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY-TO-DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY, AND AFFORDABLE ENVIORNMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES, BE LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF SOUTH SUMTER NEW DIRECTION FOUNDATION OR NONMEMBERS WHO HAVE THE APPROVAL OF THE BOARD OF TRUSTEES (DIRECTORS) OF THE SAID SPONSORING ORGANIZATION. IN THE EVENT THAT A DIRECTOR OF THE CORPORATION CEASES TO BE A MEMBER OF SOUTH SUMTER NEW DIRECTION FOUNDATION OR, IF THE AFORESAID APPROVAL IS WITHDRAWN, THEN, IN EITHER EVENT, SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION AS A DIRECTOR (TRUSTEE) OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RETURN IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM AND PROVIDED TO THE MANAGEMENT COMPANY FOR INITIAL REVIEW AND APPROVAL. THE RETURN IS THEN FORWARDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW, APPROVAL AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MAINTAINED BY THE BOARD OF DIRECTORS AND COPIES ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0853604
IRS990/TotalAssetsEOYAmt0856091
IRS990/TotalAssetsGrp/BOYAmt0853604
IRS990/TotalAssetsGrp/EOYAmt0856091
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt075507
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04691
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0104807
IRS990/TotalFunctionalExpensesGrp/TotalAmt0109498
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01144839
IRS990/TotalLiabilitiesEOYAmt01166860
IRS990/TotalLiabilitiesGrp/BOYAmt01144839
IRS990/TotalLiabilitiesGrp/EOYAmt01166860
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-291235
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-310769
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0104807
IRS990/TotalProgramServiceRevenueAmt025019
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0491
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt025019
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0101017
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0853604
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0856091
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01403 JARET COURT
IRS990/USAddress/CityNm0WEST COLUMBIA
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029169
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RONNIE MCRAE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08038083966
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIRACLE SQUARE INC
ReturnHeader/Filer/BusinessNameControlTxt0MIRA
ReturnHeader/Filer/EIN0562525420
ReturnHeader/Filer/PhoneNum08038083966

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$1.18$0.32$0.10$0.11$0.01
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$1.17$0.31$0.10$0.11$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.85$1.14$0.29$0.09$0.10$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.87$1.15$0.28$0.09$0.12$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.89$1.14$0.25$0.09$0.11$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.93$1.16$0.23$0.08$0.09$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.92$1.14$0.22$0.07$0.08$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.93$1.14$0.21$0.07$0.10$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.96$1.15$0.19$0.07$0.09$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.97$1.14$0.17$0.08$0.09$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.99$1.15$0.16$0.08$0.09$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.00$1.15$0.16$0.07$0.09$0.02
2012Summary only. Only limited summary data is available for this year.$1.02$1.15$0.14$0.07$0.09$0.02
2011Summary only. Only limited summary data is available for this year.$1.04$1.15$0.12$0.06$0.09$0.03