Santee Lynches Affordable Housing And Community Development Corp
EIN: 570951975 · Sumter, SC · NTEE: L21Z
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $3.8M |
| Net Assets | $14.0M |
Is Santee Lynches Affordable Housing And Community Development Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Santee Lynches Affordable Housing And Community Development Corp
Santee Lynches Affordable Housing And Community Development Corp (EIN: 570951975) is a nonprofit organization based in Sumter, SC, classified under NTEE code L21Z. The organization reported total revenue of $4.5M and total assets of $19.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Santee Lynches Affordable Housing And Community Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Santee Lynches Affordable Housing And Community Development Corp is a mid-size nonprofit that has been operating for 34 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-252,544 |
| Total Assets | $20.7M |
| Total Liabilities | $6.7M |
| Net Assets | $14.0M |
| Operating Margin | -7.2% |
| Debt-to-Asset Ratio | 32.5% |
| Months of Reserves | 65.6 months |
Financial Health Grade: B
In 2023, Santee Lynches Affordable Housing And Community Development Corp reported a deficit of $253K with expenses exceeding revenue, holds 65.6 months of operating reserves (strong position), has a debt-to-asset ratio of 32.5% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Santee Lynches Affordable Housing And Community Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | -2.8% | -3.5% |
| 2022 | -0.7% | +7.8% | -2.7% |
| 2021 | -55.2% | +20.0% | -2.3% |
| 2020 | +335.0% | +89.7% | +63.1% |
| 2019 | -15.9% | -20.5% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Santee Lynches Affordable Housing And Community Development Corp has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Santee Lynches Affordable Housing And Community Development Corp with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $253K, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.5%.
Frequently Asked Questions about Santee Lynches Affordable Housing And Community Development Corp
Is Santee Lynches Affordable Housing And Community Development Corp a legitimate charity?
Santee Lynches Affordable Housing And Community Development Corp (EIN: 570951975) is a registered tax-exempt nonprofit based in South Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $4.5M. No red flags identified. Financial health grade: B.
How does Santee Lynches Affordable Housing And Community Development Corp spend its money?
Santee Lynches Affordable Housing And Community Development Corp reported $4.5M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Santee Lynches Affordable Housing And Community Development Corp tax-deductible?
Santee Lynches Affordable Housing And Community Development Corp is registered as a tax-exempt nonprofit (EIN: 570951975). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Santee Lynches Affordable Housing And Community Development Corp located?
Santee Lynches Affordable Housing And Community Development Corp is headquartered in Sumter, South Carolina and files with the IRS under EIN 570951975. It is classified under NTEE code L21Z.
How many years of IRS 990 filings does Santee Lynches Affordable Housing And Community Development Corp have?
Santee Lynches Affordable Housing And Community Development Corp has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.5M in total revenue.
Filing History
IRS 990 filing history for Santee Lynches Affordable Housing And Community Development Corp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Santee Lynches Affordable Housing And Community Development Corp's revenue has grown by 83.2%, moving from $1.9M to $3.5M. Total assets increased by 149.7% over the same period, from $8.3M to $20.7M. Total functional expenses rose by 140.7%, from $1.6M to $3.8M. In its most recent filing year (2023), Santee Lynches Affordable Housing And Community Development Corp reported a deficit of $253K, with expenses exceeding revenue. The organization holds $6.7M in liabilities against $20.7M in assets (debt-to-asset ratio: 32.5%), resulting in net assets of $14.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.8M | $20.7M | $6.7M | — | — |
| 2022 | $3.6M | $3.9M | $21.4M | $7.2M | — | View 990 |
| 2021 | $3.6M | $3.6M | $22.0M | $7.5M | — | View 990 |
| 2020 | $8.0M | $3.0M | $22.6M | $8.0M | — | View 990 |
| 2019 | $1.8M | $1.6M | $13.8M | $4.3M | — | View 990 |
| 2018 | $2.2M | $2.0M | $13.3M | $4.1M | — | View 990 |
| 2017 | $2.0M | $1.8M | $12.4M | $3.3M | — | View 990 |
| 2016 | $2.0M | $1.7M | $11.7M | $2.9M | — | View 990 |
| 2015 | $1.5M | $1.4M | $10.7M | $2.1M | — | View 990 |
| 2014 | $1.2M | $1.0M | $10.1M | $1.7M | — | View 990 |
| 2012 | $2.1M | $2.0M | $8.3M | $1.5M | — | View 990 |
| 2011 | $1.9M | $1.6M | $8.3M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.8M, and assets of $20.7M (revenue -1.2% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.9M, and assets of $21.4M (revenue -0.7% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.6M, and assets of $22.0M (revenue -55.2% year-over-year).
- 2020: Revenue of $8.0M, expenses of $3.0M, and assets of $22.6M (revenue +335.0% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.6M, and assets of $13.8M (revenue -15.9% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.0M, and assets of $13.3M (revenue +7.4% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.8M, and assets of $12.4M (revenue +4.4% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.7M, and assets of $11.7M (revenue +29.6% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $10.7M (revenue +27.8% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.0M, and assets of $10.1M (revenue -44.6% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.0M, and assets of $8.3M (revenue +10.9% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.6M, and assets of $8.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Santee Lynches Affordable Housing And Community Development Corp:
Data Sources and Methodology
This transparency report for Santee Lynches Affordable Housing And Community Development Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.