Liabilities / Assets
60th percentile
Higher debt load relative to assets than 60% of similar nonprofits.
Gaffney Local Development Corp
EIN 57-0790609 • 501(c)3 • Gaffney, SC
Profile
See schedule o the general purpose of the corporation shall be to assist in the physical, social and economic development of the city of gaffney and its environs by assisting the growth and development of business concerns and by strengthening the quality of the areas's residential base and to engage in those activities which are in futherence of or related to the purpose herein stated. The principal object of the corporation shall be to benefit the community by fostering increased employment opportunities for the citizens of the area, lessening the burdens of government and combating blight and deteriotation.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
95th percentile
Higher debt load relative to revenue than 95% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
45th percentile
Faster asset growth than 45% of similar nonprofits.
Revenue Growth
10th percentile
Faster revenue growth than 10% of similar nonprofits.
Balance Sheet
Assets
Down$147,700
Down $7,265 (-4.7%) from 2019
Liabilities
Down$10
Down $10 (-50%) from 2019
Net Assets
Down$147,690
Down $7,255 (-4.7%) from 2019
Revenue
Down$10
Down $30 (-75%) from 2019
Expenses
Up$7,265
Up $791 (+12%) from 2019
Net Income
Down-$7,255
Down $821 (-13%) from 2019
Trend Graphs
Filings
Most recent year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $147,700
- Liabilities
- $10
- Net assets
- $147,690
- Revenue
- $10
- Expenses
- $7,265
- Net income
- -$7,255
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2019 to Jun 30, 2020
- Signed
- Nov 9, 2020
- Return Version
- 2019v5.0
- Gross Receipts
- $10
Mission and Program Overview
Mission
See schedule o the general purpose of the corporation shall be to assist in the physical, social and economic development of the city of gaffney and its environs by assisting the growth and development of business concerns and by strengthening the quality of the areas's residential base and to engage in those activities which are in futherence of or related to the purpose herein stated. The principal object of the corporation shall be to benefit the community by fostering increased employment opportunities for the citizens of the area, lessening the burdens of government and combating blight and deteriotation.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO ASSIST WITH THE ENHANCEMENT OF THE PHYSICAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE CITY OF GAFFNEY, SC BY PROVIDING INCENTIVE PAYMENTS, THE REHABILITATION OF THE AREA'S COMMERCIAL BASE, AND STUDIES AND FEASIBILITY PLANS TO ENHANCE TOURISM RELATED EMPLOYMENT OPPORTUNITIES. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| WILLIAM H LOVE | President | - | $0 | - | - |
| JAMES TAYLOR | Board Member | PT | $0 | - | - |
| MAYOR HENRY L JOLLY | Board Member | - | $0 | - | - |
| HAROLD D LITTLEJOHN SR | Board Member | - | $0 | - | - |
| STEPHANIE SMITH | Board Member | - | $0 | - | - |
| MONITA DAWKINS | Board Member | - | $0 | - | - |
| KIM PHILLIPS | Board Member | - | $0 | - | - |
| SCOTT KELLER | Board Member | - | $0 | - | - |
| GLENN FULLER | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Gaffney Local Development Corp
- EIN
- 57-0790609
- Phone
- 8644878500
- Address
- PO BOX 2109, GAFFNEY, SC 29342
Signing Officer
- Name
- William H Love
- Title
- President
- Phone
- 8644878500
- Signed
- 2020-11-09
Preparer
- Firm
- Cline Brandt Kochenower & Co Pa
- Address
- 1225 W FLOYD BAKER BLVD, GAFFNEY, SC 29341
- Preparer
- Timothy S Blake Cpapfs
- Phone
- 8644897121
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8
“OTHER INCOME 10 TOTAL 10”
Form 990-ez, Part I, Line 16
“Expenses supplies 16 total 16”
Form 990-ez, Part II, Line 24
“Inventories for sale or use 106,682 108,167 prepaid expenses and deferred charges 547 547 total 107,229 108,714”
Form 990-ez, Part II, Line 26
“Accrued liabilities 20 10”
Form 990-ez, Part III
“See schedule o the general purpose of the corporation shall be to assist in the physical, social and economic development of the city of gaffney and its environs by assisting the growth and development of business concerns and by strengthening the quality of the areas's residential base and to engage in those activities which are in futherence of or related to the purpose herein stated. The principal object of the corporation shall be to benefit the community by fostering increased employment opportunities for the citizens of the area, lessening the burdens of government and combating blight and deteriotation.”
Form 990-ez, Part III, Line 28
“To assist with the enhancement of the physical, social and economic development of the city of gaffney, sc by providing incentive payments, the rehabilitation of the area's commercial base, and studies and feasibility plans to enhance tourism related employment opportunities.”
Raw XML Appendix167 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.
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | GLENN FULLER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD MEMBER |
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| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
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| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 108714 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 16 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 10 |
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| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | SEE SCHEDULE O THE GENERAL PURPOSE OF THE CORPORATION SHALL BE TO ASSIST IN THE PHYSICAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE CITY OF GAFFNEY AND ITS ENVIRONS BY ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS AND BY STRENGTHENING THE QUALITY OF THE AREAS'S RESIDENTIAL BASE AND TO ENGAGE IN THOSE ACTIVITIES WHICH ARE IN FUTHERENCE OF OR RELATED TO THE PURPOSE HEREIN STATED. THE PRINCIPAL OBJECT OF THE CORPORATION SHALL BE TO BENEFIT THE COMMUNITY BY FOSTERING INCREASED EMPLOYMENT OPPORTUNITIES FOR THE CITIZENS OF THE AREA, LESSENING THE BURDENS OF GOVERNMENT AND COMBATING BLIGHT AND DETERIOTATION. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO ASSIST WITH THE ENHANCEMENT OF THE PHYSICAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE CITY OF GAFFNEY, SC BY PROVIDING INCENTIVE PAYMENTS, THE REHABILITATION OF THE AREA'S COMMERCIAL BASE, AND STUDIES AND FEASIBILITY PLANS TO ENHANCE TOURISM RELATED EMPLOYMENT OPPORTUNITIES. |
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| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
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| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | SC |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
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| IRS990EZ/TanningServicesProvidedInd | 0 | false |
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| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | OTHER INCOME 10 TOTAL 10 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES SUPPLIES 16 TOTAL 16 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | INVENTORIES FOR SALE OR USE 106,682 108,167 PREPAID EXPENSES AND DEFERRED CHARGES 547 547 TOTAL 107,229 108,714 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCRUED LIABILITIES 20 10 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | SEE SCHEDULE O THE GENERAL PURPOSE OF THE CORPORATION SHALL BE TO ASSIST IN THE PHYSICAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE CITY OF GAFFNEY AND ITS ENVIRONS BY ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS AND BY STRENGTHENING THE QUALITY OF THE AREAS'S RESIDENTIAL BASE AND TO ENGAGE IN THOSE ACTIVITIES WHICH ARE IN FUTHERENCE OF OR RELATED TO THE PURPOSE HEREIN STATED. THE PRINCIPAL OBJECT OF THE CORPORATION SHALL BE TO BENEFIT THE COMMUNITY BY FOSTERING INCREASED EMPLOYMENT OPPORTUNITIES FOR THE CITIZENS OF THE AREA, LESSENING THE BURDENS OF GOVERNMENT AND COMBATING BLIGHT AND DETERIOTATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | TO ASSIST WITH THE ENHANCEMENT OF THE PHYSICAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE CITY OF GAFFNEY, SC BY PROVIDING INCENTIVE PAYMENTS, THE REHABILITATION OF THE AREA'S COMMERCIAL BASE, AND STUDIES AND FEASIBILITY PLANS TO ENHANCE TOURISM RELATED EMPLOYMENT OPPORTUNITIES. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2021-01-29 14:40:06Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | WILLIAM H LOVE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8644878500 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-11-09 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GAFFNEY LOCAL DEVELOPMENT CORP |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GAFF |
| ReturnHeader/Filer/EIN | 0 | 570790609 |
| ReturnHeader/Filer/PhoneNum | 0 | 8644878500 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 2109 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | GAFFNEY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | SC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 29342 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 21C14E954E3503A31C50B94D7B2D763CBCF3AC9A |
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| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 24.177.16.214 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-11-11 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CS |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 12:29:08 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 570846159 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CLINE BRANDT KOCHENOWER & CO PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1225 W FLOYD BAKER BLVD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | GAFFNEY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | SC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 29341 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8644897121 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2020-11-01 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | TIMOTHY S BLAKE CPAPFS |
| ReturnHeader/ReturnTs | 0 | 2020-11-11T12:29:08-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-06-30 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
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