LOWCOUNTRY HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION INC (EIN 562015741) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Principal Officer

MONTEZ C MARTIN

Phone

8436284123

Tax Period

2023-01-01 to 2023-12-31

LOWCOUNTRY HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $135K in total revenue in fiscal year 2023. The organization ran a surplus of $41K, a strong 30% operating margin.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $135,400

Investment Income $0

Other Revenue $0

TOTAL REVENUE $135,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,529

Other Expenses $94,309

TOTAL EXPENSES $94,309

Year-over-Year Comparison

	2023	2022	Change
Revenue	$135,400	$127,421	+0.1%
Expenses	$94,309	$108,597	-0.1%
Net Income	$41,091	$18,824	+1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGIE KELLY	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM DUDLEY GREGORIE	VICE PRESIDE	N/A	Officer	$0	$0	$0
MONTEZ C MARTIN	PRESIDENT	N/A	Officer	$0	$0	$0
SHARON MIDDLETON MCGREE	CHAIRMAN	N/A	Officer	$0	$0	$0
RODLEY MILLET	TREASURER	N/A	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$135,400	$94,309	$919,963	$41,091
2022	$127,421	$108,597	$925,846	$18,824
2021	$125,740	$97,690	$867,448	$28,050
2020	$79,471	$78,326	$871,125	$1,145
2019	$77,380	$71,593	$869,980	$5,787
2018	$82,009	$56,546	$934,236	$25,463

LOWCOUNTRY HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION INC