Civic Intelligence

Palmetto Housing Corporation

EIN 58-2474615 • 501(c)3 • Florence, SC

Profile

Housing assistance & obtaining affordable housing

PO Box 969Florence, SC 29503

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.09x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

1.33x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

85th percentile

39%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$138,288

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 127.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

9th percentile

-22%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

-12%

Faster revenue growth than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,694,359

Down $466,184 (-22%) from 2023

Liabilities

Down

$144,754

Down $508,377 (-78%) from 2023

Net Assets

Up

$1,549,605

Up $42,193 (+2.8%) from 2023

Revenue

Down

$108,638

Down $15,362 (-12%) from 2023

Expenses

Down

$66,445

Down $15,266 (-19%) from 2023

Net Income

Down

$42,193

Down $96 (-0.2%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $593,387Liabilities 2011: $53,543Net Assets 2011: $539,8442011Assets 2012: $720,845Liabilities 2012: $73,278Net Assets 2012: $647,5672012Assets 2013: $838,663Liabilities 2013: $96,998Net Assets 2013: $741,6652013Assets 2014: $1,688,960Liabilities 2014: $90,777Net Assets 2014: $1,598,1832014Assets 2015: $1,721,403Liabilities 2015: $181,642Net Assets 2015: $1,539,7612015Assets 2016: $3,961,460Liabilities 2016: $217,191Net Assets 2016: $3,744,2692016Assets 2017: $4,082,686Liabilities 2017: $246,197Net Assets 2017: $3,836,4892017Assets 2018: $4,200,283Liabilities 2018: $273,101Net Assets 2018: $3,927,1822018Assets 2019: $4,317,629Liabilities 2019: $302,355Net Assets 2019: $4,015,2742019Assets 2020: $4,247,145Liabilities 2020: $291,733Net Assets 2020: $3,955,4122020Assets 2021: $3,793,639Liabilities 2021: $300,328Net Assets 2021: $3,493,3112021Assets 2022: $2,115,764Liabilities 2022: $656,189Net Assets 2022: $1,459,5752022Assets 2023: $2,160,543Liabilities 2023: $653,131Net Assets 2023: $1,507,4122023Assets 2024: $1,694,359Liabilities 2024: $144,754Net Assets 2024: $1,549,6052024

Highlighted filing

2024

Assets$1,694,359
Liabilities$144,754
Net Assets$1,549,605

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $197,3122011Expenses 2012: $114,5952012Expenses 2013: $38,7402013Revenue 2014: $893,294Expenses 2014: $36,776Net Income 2014: $856,5182014Revenue 2015: $43,975Expenses 2015: $46,480Net Income 2015: -$2,5052015Revenue 2016: $2,215,346Expenses 2016: $10,838Net Income 2016: $2,204,5082016Revenue 2017: $112,725Expenses 2017: $20,505Net Income 2017: $92,2202017Revenue 2018: $103,723Expenses 2018: $13,030Net Income 2018: $90,6932018Revenue 2019: $142,079Expenses 2019: $50,449Net Income 2019: $91,6302019Revenue 2020: $126,835Expenses 2020: $182,478Net Income 2020: -$55,6432020Revenue 2021: $116,078Expenses 2021: $573,732Net Income 2021: -$457,6542021Revenue 2022: $122,442Expenses 2022: $2,154,510Net Income 2022: -$2,032,0682022Revenue 2023: $124,000Expenses 2023: $81,711Net Income 2023: $42,2892023Revenue 2024: $108,638Expenses 2024: $66,445Net Income 2024: $42,1932024

Highlighted filing

2024

Revenue$108,638
Expenses$66,445
Net Income$42,193

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.14$1.55$0.11$0.07$0.04
2023Summary only. Only limited summary data is available for this year.$2.16$0.65$1.51$0.12$0.08$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$0.66$1.46$0.12$2.15$2.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$0.30$3.49$0.12$0.57$0.46
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.25$0.29$3.96$0.13$0.18$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.32$0.30$4.02$0.14$0.05$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.20$0.27$3.93$0.10$0.01$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.08$0.25$3.84$0.11$0.02$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.96$0.22$3.74$2.22$0.01$2.20
2015Detailed filing. Detailed filing data is available for this year.$1.72$0.18$1.54$0.04$0.05$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.69$0.09$1.60$0.89$0.04$0.86
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.10$0.74$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.07$0.65$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.05$0.54$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 5, 2025
Return Version
2023v6.0
Gross Receipts
$108,638
Mission and Program Overview

Mission

Housing assistance and obtaining affordable housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$687,111$662,726▼ $24,385
Other Notes and Loans Receivable, Net$1,019,226$541,400▼ $477,826
Cash and Non-Interest-Bearing Accounts$326,758$366,482▲ $39,724
Accounts Receivable$113,651$110,319▼ $3,332
Prepaid Expenses and Deferred Charges$2,842$2,477▼ $365
Total Assets$2,160,543$1,694,359▼ $466,184
Other Assets Total$10,955$10,955→ $0
Liabilities
Other Liabilities$550,747$72,920▼ $477,827
Accounts Payable and Accrued Expenses$102,334$71,834▼ $30,500
Deferred Revenue$50--
Total Liabilities$653,131$144,754▼ $508,377
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,507,412$1,549,605▲ $42,193
Total Net Assets Fund Balance$1,507,412$1,549,605▲ $42,193
Total Liabilities and Net Assets / Fund Balance$2,160,543$1,694,359▼ $466,184

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$615,480$70,890$686,370
Buildings$0$116,985$116,985
Land$47,246-$47,246
Compensation and Service Providers

Employees

NameTitleOtherTotal
Dr Alphonso BradleyExecutive Director$138,288$138,288

Board Members and Trustees

NameTitle
Howard Parnell JrChairman
John Etheridge IIIVice Chairman
Linda Barr WilliamsBoard Member
Rev Calvin RobinsonBoard Member
Wanda VereenBoard Member
Monica WhiteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$97,588
Investment Income
$0
Other Revenue
$11,050
Change in Net Assets
$42,193

Audited Revenue Reconciliation

Revenue per Audited Statements
$108,638
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$108,638
Total Revenue per Form 990
$108,638
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$66,445
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$24,385--$24,385
Fees for Services Legal-$7,371-$7,371
Insurance$7,156--$7,156
Fees for Services Accounting-$5,400-$5,400
Office Expenses-$322-$322
Other Expenses$62--$62
Total Functional Expenses$53,352$13,093$0$66,445

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$66,445
Total Expenses per Audited Statements$66,445
Total Expenses per Form 990$66,445
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
Net Pension Obligation$72,920
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Provided during board meeting.

Form 990, Part VI, Section C, line 19

Upon written request the organization will make available the governing documnets, policies and/or financial statements.

Filing and Contact Details

Filer

Filer Name
Palmetto Housing Corporation
EIN
58-2474615
Phone
8436694163
Address
PO Box 969, Florence, SC 29503

Signing Officer

Name
Dr Alphonso Bradley
Title
Executive Director/CEO
Phone
8436694163
Signed
2025-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Alphonso Bradley
Formed
1999
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
6
Employees
1
Volunteers
7

Preparer

Firm
Aprio Advisory Group LLC
Address
2002 Summit Boulevard Suite 120, Atlanta, GA 30319
Preparer
Stacy Cullen
Phone
4048929651
Raw XML AppendixShowing 400 of 412 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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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt011050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt021258
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt017582
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt015157
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt015816
IRS990ScheduleA/OtherIncome509Grp/TotalAmt080863
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.79590
IRS990ScheduleA/PublicSupportPY509Pct00.74300
IRS990ScheduleA/PublicSupportTotal509Amt0475941
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt097588
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0102742
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt090160
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt093000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt092451
IRS990ScheduleA/Total509Grp/TotalAmt0475941
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0108638
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0124000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0122442
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0116078
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0126835
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0597993
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0116985
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0116985
IRS990ScheduleD/EquipmentGrp/BookValueAmt0615480
IRS990ScheduleD/EquipmentGrp/DepreciationAmt070890
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0686370
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt066445
IRS990ScheduleD/LandGrp/BookValueAmt047246
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt047246
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt072920
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Obligation
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0108638
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0662726
IRS990ScheduleD/TotalExpensesPerForm990Amt066445
IRS990ScheduleD/TotalLiabilityAmt072920
IRS990ScheduleD/TotalRevenuePerForm990Amt0108638
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0108638
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt066445
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Provided during board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon written request the organization will make available the governing documnets, policies and/or financial statements.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Housing Authority of Florence
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0570515841
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0Government
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Housing Authority
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02640 W Palmetto Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Florence
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029501
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02160543
IRS990/TotalAssetsEOYAmt01694359
IRS990/TotalAssetsGrp/BOYAmt02160543
IRS990/TotalAssetsGrp/EOYAmt01694359
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013093
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt053352
IRS990/TotalFunctionalExpensesGrp/TotalAmt066445
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0653131
IRS990/TotalLiabilitiesEOYAmt0144754
IRS990/TotalLiabilitiesGrp/BOYAmt0653131
IRS990/TotalLiabilitiesGrp/EOYAmt0144754
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01507412
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01549605
IRS990/TotalOtherCompensationAmt09421
IRS990/TotalProgramServiceExpensesAmt053352
IRS990/TotalProgramServiceRevenueAmt097588
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0108638
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0108638
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02160543
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01694359
IRS990/TotReportableCompRltdOrgAmt0128867
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 969
IRS990/USAddress/CityNm0Florence
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029503
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Dr Alphonso Bradley
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08436694163
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Palmetto Housing Corporation
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0582474615
ReturnHeader/Filer/PhoneNum08436694163
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 969
ReturnHeader/Filer/USAddress/CityNm0Florence
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029503
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0582487348
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Aprio Advisory Group LLC

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