LORIS, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HERITAGE CORPORATION OF LORIS, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $154K in total revenue in fiscal year 2024. Expenses of $265K exceeded revenue, resulting in a 72% operating deficit.
TO PROVIDE ELDERLY AND DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.
THE ORGANIZATION OPERATES A 28-UNIT APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959. THE PROJECT IS LOCATED IN LORIS, SOUTH CAROLINA AND IS REGULATED BY THE UNITED STATES...
THE ORGANIZATION OPERATES A 28-UNIT APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959. THE PROJECT IS LOCATED IN LORIS, SOUTH CAROLINA AND IS REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") AS TO RENTAL RATES AND OPERATING METHODS. ADDITIONALLY, UNITS IN THE PROJECT ARE COVERED UNDER A PROJECT RENTAL ASSISTANCE CONTRACT WITH HUD AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $154,320 | $161,903 | 0.0% |
| Expenses | $264,768 | $284,267 | -0.1% |
| Net Income | $-110,448 | $-122,364 | -0.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MAURICE JONES | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHARLES BOYD POWELL | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LINDA HEMINGWAY | SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LESLIE H MCIVER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NATHEL MOODY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $154,320 | $264,768 | $2,268,796 | $-110,448 |
| 2023 | $161,903 | $284,267 | $2,369,297 | $-122,364 |
| 2022 | $148,401 | $251,455 | $2,481,514 | $-103,054 |
| 2021 | $160,377 | $241,689 | $2,576,435 | $-81,312 |
| 2020 | $154,647 | $260,624 | $2,659,171 | $-105,977 |
| 2019 | $153,940 | $237,927 | $2,760,341 | $-83,987 |
| 2018 | $163,407 | $293,191 | $2,844,538 | $-129,784 |
Compare HERITAGE CORPORATION OF LORIS with other nonprofits in South Carolina and across the country.