Public Charity

LOWCOUNTRY HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION INC

Based in CHARLESTON, SC, LOWCOUNTRY HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION INC operates as a Public Charity. The organization reported $135K in revenue, $94K in expenses, $920K in total assets for fiscal year 2023.

EIN: 562015741 CHARLESTON, SC Housing Rehabilitation NTEE: L25 Latest filing: 2023
Total Revenue$135K
Total Expenses$94K
Total Assets$920K
Grant Records0
Filing Years2018–2023

Mission

THE ORGANIZATION'S MISSION IS TO DEVELOP, FINANCE, AND MANAGE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME RESIDENST OF COASTAL SOUTH CAROLINA; AND, TO PROVIDE COMMUNITY SERVICES TO LOW INCOME INDIVIDUALS AND FAMILITIES OF THE SAME AREA.

Where $100 goes at Lowcountry Housing and Economic Development Foundation Inc

How Lowcountry Housing and Economic Development Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$93 Programs the work itself
$7 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $93 for programs

$47
Housing for low and moderate income families
About 50% (cost not reported)
$46
Providing assistances for low and moderate income families
50% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2023. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Georgie Kelly
PRESIDENT Montez C Martin
TREASURER Rodley Millet
CHAIRMAN Sharon Middleton Mcgree
VICE PRESIDE William Dudley Gregorie

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2023 $135K $94K $920K
2022 $127K $109K $926K
2020 $79K $78K $871K
2019 $77K $72K $870K
2018 $82K $57K $934K

Between 2018 and 2023, reported annual revenue grew from $82K to $135K (+65%), with total assets most recently reported at $920K.

Interactive year-over-year charts and full filing details available with membership.

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