Civic Intelligence

Sea Island Community Development Funds Inc.

990 • Fiscal year 2023 • EIN 57-0632393

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

Organization Profile
PO Box 689Johns Island, SC 29457

(843) 559-3359

Siviq Scores

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

Liabilities / Assets

87th percentile

0.59x

Higher debt load relative to assets than 87% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

1.21x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

47th percentile

3.0%

Higher net margin than 47% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

28th percentile

-2.6%

Faster asset growth than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2023

Revenue Growth

41st percentile

2.0%

Faster revenue growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2023

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$1,805,435

Down $96,481 (-5.1%) from 2021

Net Assets

Up

$737,298

Up $49,303 (+7.2%) from 2021

Liabilities

Down

$1,068,137

Down $145,784 (-12%) from 2021

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin47th percentile

Revenue

Up

$880,383

Up $33,597 (+4.0%) from 2021

Expenses

Down

$854,274

Down $15,118 (-1.7%) from 2021

Net Income

Up

$26,109

Up $48,715 (+215%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,320,483Liabilities 2011: $1,139,456Net Assets 2011: $1,181,0272011Assets 2012: $2,217,932Liabilities 2012: $1,085,549Net Assets 2012: $1,132,3832012Assets 2013: $2,387,955Liabilities 2013: $1,174,769Net Assets 2013: $1,213,1862013Assets 2014: $2,530,514Liabilities 2014: $1,450,380Net Assets 2014: $1,080,1342014Assets 2015: $2,307,480Liabilities 2015: $1,389,390Net Assets 2015: $918,0902015Assets 2016: $2,345,207Liabilities 2016: $1,729,891Net Assets 2016: $615,3162016Assets 2017: $2,059,044Liabilities 2017: $1,638,116Net Assets 2017: $420,9282017Assets 2018: $2,154,263Liabilities 2018: $1,474,646Net Assets 2018: $679,6172018Assets 2019: $2,054,357Liabilities 2019: $1,390,521Net Assets 2019: $663,8362019Assets 2020: $1,941,959Liabilities 2020: $1,230,236Net Assets 2020: $711,7232020Assets 2021: $1,901,916Liabilities 2021: $1,213,921Net Assets 2021: $687,9952021Assets 2023: $1,805,435Liabilities 2023: $1,068,137Net Assets 2023: $737,2982023Assets 2024: $1,887,469Liabilities 2024: $1,023,616Net Assets 2024: $863,8532024

Highlighted filing

2023

Assets$1,805,435
Liabilities$1,068,137
Net Assets$737,298
Open 2023 Filing

Operations Trend

Revenue Growth41st percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $710,060Expenses 2011: $742,095Net Income 2011: -$32,0352011Revenue 2012: $722,915Expenses 2012: $772,541Net Income 2012: -$49,6262012Revenue 2013: $876,420Expenses 2013: $795,617Net Income 2013: $80,8032013Revenue 2014: $734,363Expenses 2014: $867,391Net Income 2014: -$133,0282014Revenue 2015: $741,482Expenses 2015: $903,525Net Income 2015: -$162,0432015Revenue 2016: $747,344Expenses 2016: $1,056,688Net Income 2016: -$309,3442016Revenue 2017: $737,664Expenses 2017: $639,463Net Income 2017: $98,2012017Revenue 2018: $755,012Expenses 2018: $530,271Net Income 2018: $224,7412018Revenue 2019: $780,097Expenses 2019: $795,883Net Income 2019: -$15,7862019Revenue 2020: $822,076Expenses 2020: $776,164Net Income 2020: $45,9122020Revenue 2021: $846,786Expenses 2021: $869,392Net Income 2021: -$22,6062021Revenue 2023: $880,383Expenses 2023: $854,274Net Income 2023: $26,1092023Revenue 2024: $1,034,332Expenses 2024: $907,767Net Income 2024: $126,5652024

Highlighted filing

2023

Revenue$880,383
Expenses$854,274
Net Income$26,109
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.0
Gross Receipts
$880,383
Mission and Program Overview

Mission

The organization's mission is to provide housing to senior adults and persons with disabilities. The housing project is an 88 unit, housing and urban development (hud) apartment complex, which was authorized by section 202 of the national housing act.

Housing project that consists of an eighty-eight unit apartment complex of which is authorized by the housing and urban development for the elderly of the national affordable housing act. The organization facilitate programs for senior adults and persons with special needs who have low incomes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,676,961$1,585,079▼ $91,882
Cash and Non-Interest-Bearing Accounts$107,613$178,760▲ $71,147
Savings and Temporary Cash Investments-$30,936-
Other Notes and Loans Receivable, Net$18,707--
Accounts Receivable-$10,660-
Total Assets$1,843,679$1,805,435▼ $38,244
Other Assets Total$40,398--
Liabilities
Unsecured Notes Loans Payable$1,042,325$987,605▼ $54,720
Accounts Payable and Accrued Expenses$46,709$53,128▲ $6,419
Other Liabilities$24,749$27,404▲ $2,655
Total Liabilities$1,113,783$1,068,137▼ $45,646
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$729,896$737,298▲ $7,402
Total Net Assets Fund Balance$729,896$737,298▲ $7,402
Total Liabilities and Net Assets / Fund Balance$1,843,679$1,805,435▼ $38,244

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,393,047$2,877,034$4,270,081
Equipment$4,548$129,952$134,500
Land$129,030-$129,030
Other Land Buildings$58,454$65,539$123,993
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Charlie MurrayDirector
Demett JenkinsDirector
Roberta PorterfieldDirector
Yvonne MillerDirector
Leon BurtonExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$876,995
Investment Income
$962
Other Revenue
$2,426
Change in Net Assets
$26,109

Audited Revenue Reconciliation

Revenue per Audited Statements
$880,383
Total Revenue per Audited Statements
$880,383
Total Revenue per Form 990
$880,383
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$854,274
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
Insurance$160,151--$160,151
Fees for Services Management-$133,536-$133,536
Depreciation Depletion$91,895--$91,895
Interest$49,264--$49,264
Office Expenses$17,536--$17,536
Fees for Services Accounting-$12,400-$12,400
Other Expenses$3,886$551-$551
Fees for Services Legal-$140-$140
All Other Expenses-$130-$130
Total Functional Expenses$707,517$146,757$0$854,274

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$854,274
Total Expenses per Audited Statements$854,274
Total Expenses per Form 990$854,274
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
Security Deposits$27,404
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
Yes
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, Page 6, Part VI, Line 3

“Management of the johns island rural housing program is contracted with related party sea island comprehensive health care corporation. This management agreement is reviewed by the board annually.”

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

“Organization sends form 990 to all board members prior to general meeting. Board members review form 990 and at board meeting approve filing of the form 990 with the internal revenue service.”

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

“Executive director compensation is reviewed and approved by the board of directors annually, by full board vote.”

Form 990, Page 6, Part VI, Line 19

“Governing docuements are made available to the public by written request.”

Filing and Contact Details

Filer

Filer Name
Sea Island Community Development
EIN
57-0632393
Phone
8435593359
Address
PO BOX 689, JOHNS ISLAND, SC 29457

Signing Officer

Name
Leon Burton
Title
Executive Director
Phone
8435593359
Signed
2024-11-13

Organization Details

Principal Officer
Leon Burton
Formed
1974
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Tilley Callahan Speiser & Asso CPA
Address
9700 TOUCHTON ROAD SUITE 103, JACKSONVILLE, FL 32246-8227
Preparer
Tina Callahan
Phone
9043472050
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization's mission is to provide housing to senior adults and persons with disabilities. The housing project is an 88 unit, housing and urban development (hud) apartment complex, which was authorized by section 202 of the national housing act.”

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IRS990ScheduleD/TotalLiabilityAmt027404
IRS990ScheduleD/TotalRevenuePerForm990Amt0880383
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0880383
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0854274
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S MISSION IS TO PROVIDE HOUSING TO SENIOR ADULTS AND PERSONS WITH DISABILITIES. THE HOUSING PROJECT IS AN 88 UNIT, HOUSING AND URBAN DEVELOPMENT (HUD) APARTMENT COMPLEX, WHICH WAS AUTHORIZED BY SECTION 202 OF THE NATIONAL HOUSING ACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT OF THE JOHNS ISLAND RURAL HOUSING PROGRAM IS CONTRACTED WITH RELATED PARTY SEA ISLAND COMPREHENSIVE HEALTH CARE CORPORATION. THIS MANAGEMENT AGREEMENT IS REVIEWED BY THE BOARD ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION SENDS FORM 990 TO ALL BOARD MEMBERS PRIOR TO GENERAL MEETING. BOARD MEMBERS REVIEW FORM 990 AND AT BOARD MEETING APPROVE FILING OF THE FORM 990 WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE DIRECTOR COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ANNUALLY, BY FULL BOARD VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUEMENTS ARE MADE AVAILABLE TO THE PUBLIC BY WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01843679
IRS990/TotalAssetsEOYAmt01805435
IRS990/TotalAssetsGrp/BOYAmt01843679
IRS990/TotalAssetsGrp/EOYAmt01805435
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0146757
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0707517
IRS990/TotalFunctionalExpensesGrp/TotalAmt0854274
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01113783
IRS990/TotalLiabilitiesEOYAmt01068137
IRS990/TotalLiabilitiesGrp/BOYAmt01113783
IRS990/TotalLiabilitiesGrp/EOYAmt01068137
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0729896
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0737298
IRS990/TotalProgramServiceExpensesAmt0707517
IRS990/TotalProgramServiceRevenueAmt0876995
IRS990/TotalRevenueGrp/ExclusionAmt0962
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0879421
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0880383
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01843679
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01805435
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01042325
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0987605
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 689
IRS990/USAddress/CityNm0JOHNS ISLAND
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029457
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LEON BURTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08435593359
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEA ISLAND COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0SEAI
ReturnHeader/Filer/EIN0570632393
ReturnHeader/Filer/PhoneNum08435593359
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 689
ReturnHeader/Filer/USAddress/CityNm0JOHNS ISLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029457
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0462756974
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TILLEY CALLAHAN SPEISER & ASSO CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09700 TOUCHTON ROAD SUITE 103
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSONVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0322468227
ReturnHeader/PreparerPersonGrp/PhoneNum09043472050
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TINA CALLAHAN
ReturnHeader/ReturnTs02024-11-15T09:16:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,805,435
Liabilities
$1,068,137
Net assets
$737,298
Revenue
$880,383
Expenses
$854,274
Net income
$26,109
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.89$1.02$0.86$1.03$0.91$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.81$1.07$0.74$0.88$0.85$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.90$1.21$0.69$0.85$0.87$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.94$1.23$0.71$0.82$0.78$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.05$1.39$0.66$0.78$0.80$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.15$1.47$0.68$0.76$0.53$0.22
2017Detailed filing. Detailed filing data is available for this year.$2.06$1.64$0.42$0.74$0.64$0.10
2016Summary only. Only limited summary data is available for this year.$2.35$1.73$0.62$0.75$1.06$0.31
2015Summary only. Only limited summary data is available for this year.$2.31$1.39$0.92$0.74$0.90$0.16
2014Summary only. Only limited summary data is available for this year.$2.53$1.45$1.08$0.73$0.87$0.13
2013Summary only. Only limited summary data is available for this year.$2.39$1.17$1.21$0.88$0.80$0.08
2012Summary only. Only limited summary data is available for this year.$2.22$1.09$1.13$0.72$0.77$0.05
2011Summary only. Only limited summary data is available for this year.$2.32$1.14$1.18$0.71$0.74$0.03
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • $1M-$5M nonprofits