Civic Intelligence

Waccamaw Housing Inc.

990 • Fiscal year 2020 • EIN 57-0930695

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 09, 2021

Organization Profile
PO Box 3922Myrtle Beach, SC 29578

(843) 448-8334

Siviq Scores

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

Liabilities / Assets

56th percentile

0.08x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

0.73x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

4th percentile

-95%

Higher net margin than 4% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

4th percentile

-33%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

29th percentile

-18%

Faster revenue growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$770,190

Down $375,547 (-33%) from 2019

Net Assets

Down

$711,540

Down $430,395 (-38%) from 2019

Liabilities

Up

$58,650

Up $54,848 (+1443%) from 2019

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin4th percentile

Revenue

Down

$80,175

Down $17,632 (-18%) from 2019

Expenses

Down

$156,105

Down $3,362 (-2.1%) from 2019

Net Income

Down

-$75,930

Down $14,270 (-23%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $1,394,036Liabilities 2011: $3,937Net Assets 2011: $1,390,0992011Assets 2012: $1,335,636Liabilities 2012: $3,253Net Assets 2012: $1,332,3832012Assets 2013: $1,268,763Liabilities 2013: $6,920Net Assets 2013: $1,261,8432013Assets 2014: $1,265,511Liabilities 2014: $4,369Net Assets 2014: $1,261,1422014Assets 2015: $1,207,247Liabilities 2015: $4,369Net Assets 2015: $1,202,8782015Assets 2016: $1,175,329Liabilities 2016: $5,321Net Assets 2016: $1,170,0082016Assets 2017: $1,252,396Liabilities 2017: $3,339Net Assets 2017: $1,249,0572017Assets 2018: $1,206,172Liabilities 2018: $2,577Net Assets 2018: $1,203,5952018Assets 2019: $1,145,737Liabilities 2019: $3,802Net Assets 2019: $1,141,9352019Assets 2020: $770,190Liabilities 2020: $58,650Net Assets 2020: $711,5402020Assets 2022: $491,494Liabilities 2022: $4,766Net Assets 2022: $486,7282022Assets 2023: $383,091Liabilities 2023: $25,842Net Assets 2023: $357,2492023Assets 2024: $321,184Liabilities 2024: $30,763Net Assets 2024: $290,4212024Assets 2025: $241,821Liabilities 2025: $42,411Net Assets 2025: $199,4102025

Highlighted filing

2020

Assets$770,190
Liabilities$58,650
Net Assets$711,540
Open 2020 Filing

Operations Trend

Revenue Growth29th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $319,522Expenses 2011: $360,449Net Income 2011: -$40,9272011Revenue 2012: $364,688Expenses 2012: $422,404Net Income 2012: -$57,7162012Revenue 2013: $294,681Expenses 2013: $365,223Net Income 2013: -$70,5422013Revenue 2014: $418,542Expenses 2014: $419,243Net Income 2014: -$7012014Revenue 2015: $339,901Expenses 2015: $398,165Net Income 2015: -$58,2642015Revenue 2016: $392,423Expenses 2016: $425,293Net Income 2016: -$32,8702016Revenue 2017: $324,585Expenses 2017: $245,536Net Income 2017: $79,0492017Revenue 2018: $95,581Expenses 2018: $141,043Net Income 2018: -$45,4622018Revenue 2019: $97,807Expenses 2019: $159,467Net Income 2019: -$61,6602019Revenue 2020: $80,175Expenses 2020: $156,105Net Income 2020: -$75,9302020Revenue 2022: $105,985Expenses 2022: $137,430Net Income 2022: -$31,4452022Revenue 2023: $97,439Expenses 2023: $164,216Net Income 2023: -$66,7772023Revenue 2024: $80,796Expenses 2024: $160,133Net Income 2024: -$79,3372024Revenue 2025: $83,238Expenses 2025: $189,739Net Income 2025: -$106,5012025

Highlighted filing

2020

Revenue$80,175
Expenses$156,105
Net Income-$75,930
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 9, 2021
Return Version
2019v5.1
Gross Receipts
$80,175
Mission and Program Overview

Mission

Provide housing for chronically mentally ill homeless persons who are under the care of the South Carolina Department of Mental Health.

Provide housing for chronically mentally ill homeless persons who are under treatment by the south carolina department of mental health.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$591,078$551,761▼ $39,317
Rtn Earn Endowment Incm Other Fnds$519,088$438,693▼ $80,395
Cap Stk Tr Prin Current Funds$272,847$272,847→ $0
Cash and Non-Interest-Bearing Accounts$197,977$200,359▲ $2,382
Prepaid Expenses and Deferred Charges$4,405$15,793▲ $11,388
Accounts Receivable$1,972$1,972→ $0
Total Assets$795,737$770,190▼ $25,547
Other Assets Total$305$305→ $0
Liabilities
Other Liabilities$3,802$58,650▲ $54,848
Total Liabilities$3,802$58,650▲ $54,848
Net Assets / Fund Balance
Total Net Assets Fund Balance$791,935$711,540▼ $80,395
Total Liabilities and Net Assets / Fund Balance$795,737$770,190▼ $25,547

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$490,980$590,286$1,081,266
Land$60,779-$60,779
Other Land Buildings$1$45,344$45,345
Equipment$1$2,098$2,099
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Murry G ChessonPresident
Jan GawithDirector
Kenneth SmithDirector
Percy KellyDirector
Robin GauseDirector
Adelaide ProctorProgram Coordinator
John CoffinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$80,040
Investment Income
$135
Other Revenue
$0
Change in Net Assets
$-75,930
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$156,105
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
Other Expenses$45,770--$45,770
Depreciation Depletion$39,317--$39,317
Office Expenses-$6,095-$6,095
Total Functional Expenses$150,010$6,095$0$156,105
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
Prepaid Revenue$54,602
Federal income taxes$2,909
Security Deposits$1,139
Residual Receipt Note-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The organizations president reviews the form 990 with the accountant and then emails a copy to each director. After that communication the president submits the return to the appropriate agencies,”

Form 990, Part VI, Section B, Line 12C

“The organization monitors and enforces compliance with the conflict of interest policy at every board meeting.”

Form 990, Part VI, Section B, Line 15

“The organization has one contracted position and determines compensation based on current market rates for similar positions in similar organizations.”

Form 990, Part VI, Section C, Line 19

“The organization retains copies of all policies and filings in the organizations office. Documents are available to the public for viewing upon request.”

Filing and Contact Details

Filer

Filer Name
Waccamaw Housing Inc
EIN
57-0930695
Phone
8434488334
Address
PO BOX 3922, MYRTLE BEACH, SC 29578

Signing Officer

Name
Murry G Chesson
Title
Pres
Phone
8432225642
Signed
2021-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Elderbaum
Formed
2000
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Jerry L Maldoven CPA
Address
PO BOX 14906, SURFSIDE BEACH, SC 29587
Preparer
Jerry L Maldoven CPA
Phone
8432380518
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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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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02099
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt060779
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060779
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt045344
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt045345
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02909
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11139
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt254602
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3RESIDUAL RECEIPT NOTE
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0551761
IRS990ScheduleD/TotalLiabilityAmt058650
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATIONS PRESIDENT REVIEWS THE FORM 990 WITH THE ACCOUNTANT AND THEN EMAILS A COPY TO EACH DIRECTOR. AFTER THAT COMMUNICATION THE PRESIDENT SUBMITS THE RETURN TO THE APPROPRIATE AGENCIES,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AT EVERY BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS ONE CONTRACTED POSITION AND DETERMINES COMPENSATION BASED ON CURRENT MARKET RATES FOR SIMILAR POSITIONS IN SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION RETAINS COPIES OF ALL POLICIES AND FILINGS IN THE ORGANIZATIONS OFFICE. DOCUMENTS ARE AVAILABLE TO THE PUBLIC FOR VIEWING UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0795737
IRS990/TotalAssetsEOYAmt0770190
IRS990/TotalAssetsGrp/BOYAmt0795737
IRS990/TotalAssetsGrp/EOYAmt0770190
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06095
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0150010
IRS990/TotalFunctionalExpensesGrp/TotalAmt0156105
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03802
IRS990/TotalLiabilitiesEOYAmt058650
IRS990/TotalLiabilitiesGrp/BOYAmt03802
IRS990/TotalLiabilitiesGrp/EOYAmt058650
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0791935
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0711540
IRS990/TotalProgramServiceExpensesAmt0500010
IRS990/TotalProgramServiceRevenueAmt080040
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt080175
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt080175
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0795737
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0770190
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08436 GOLDEN STONE DRIVE
IRS990/USAddress/CityNm0MYRTLE BEACH
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029579
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MURRY G CHESSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRES
ReturnHeader/BusinessOfficerGrp/PhoneNum08432225642
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WACCAMAW HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt0WACC
ReturnHeader/Filer/EIN0570930695
ReturnHeader/Filer/PhoneNum08434488334
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3922
ReturnHeader/Filer/USAddress/CityNm0MYRTLE BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029578
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JERRY L MALDOVEN CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 14906
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SURFSIDE BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029587
ReturnHeader/PreparerPersonGrp/PhoneNum08432380518
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JERRY L MALDOVEN CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-02-09T03:41:12-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$770,190
Liabilities
$58,650
Net assets
$711,540
Revenue
$80,175
Expenses
$156,105
Net income
-$75,930
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.24$0.04$0.20$0.08$0.19$0.11
2024Detailed filing. Detailed filing data is available for this year.$0.32$0.03$0.29$0.08$0.16$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.38$0.03$0.36$0.10$0.16$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$0.11$0.14$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.77$0.06$0.71$0.08$0.16$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.14$0.10$0.16$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.20$0.10$0.14$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$0.32$0.25$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.01$1.17$0.39$0.43$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.20$0.34$0.40$0.06
2014Summary only. Only limited summary data is available for this year.$1.27$0.00$1.26$0.42$0.42$0.00
2013Summary only. Only limited summary data is available for this year.$1.27$0.01$1.26$0.29$0.37$0.07
2012Summary only. Only limited summary data is available for this year.$1.34$0.00$1.33$0.36$0.42$0.06
2011Summary only. Only limited summary data is available for this year.$1.39$0.00$1.39$0.32$0.36$0.04