ST GEORGE AREA HOUSING CORPORATION

EIN: 570626809 501(c)(3)

ST GEORGE, SC

Total Revenue
$344,938
Total Expenses
$325,314
Total Assets
$1,056,772
Net Assets
$1,042,475
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
SC
Principal Officer
RICHARD MYERS
Phone
8435632915
Tax Period
2025-01-01 to 2025-12-31

ST GEORGE AREA HOUSING CORPORATION, founded in 1974, is a small nonprofit that reported $345K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $325K left a modest 6% surplus.

Mission

OUR EXEMPT PURPOSE IS TO OPERATE 32 RENTAL APARTMENTS AND RELATED FACILITIES TO THE ELDERLY. WE RECEIVE HUD SUBSIDIES IN ADDITION TO TENANT RENT.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $183,031
Program Service Revenue $149,648
Investment Income $8,547
Other Revenue $3,712
TOTAL REVENUE $344,938

Expense Breakdown

Grants Paid $0
Salaries & Benefits $75,728
Fundraising Expenses $0
Program Expenses $272,684
Other Expenses $249,586
TOTAL EXPENSES $325,314

Year-over-Year Comparison

2025 2024 Change
Revenue $344,938 $316,658 +0.1%
Expenses $325,314 $321,731 +0.0%
Net Income $19,624 $-5,073 -4.9%
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

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Governance

Voting Members
9
Independent Members
9
Employees
6
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD MYERS CHAIRMAN 1.00
Officer Director
$0 $0 $0
JAMES FRAZIER VICE CHAIRMA 1.00
Officer Director
$0 $0 $0
MARGIE LADSON SECRETARY 1.00
Officer Director
$0 $0 $0
JANIE RUTH MARTINO DIRECTOR 1.00
Director
$0 $0 $0
JESSICA CANADY DIRECTOR 1.00
Director
$0 $0 $0
TYLER CROOK DIRECTOR 1.00
Director
$0 $0 $0
SAMUEL STEPHENS DIRECTOR 1.00
Director
$0 $0 $0
VERNELL LEE DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL O'CAIN DIRECTOR 1.00
Director
$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
2025 $344,938 $325,314 $1,056,772 $19,624
2024 No data No data No data No data
2023 $308,924 $302,756 $1,040,738 $6,168
2022 $287,042 $345,490 $1,036,841 $-58,448
2021 $277,634 $290,853 $1,090,362 $-13,219
2020 $281,510 $289,767 $1,106,940 $-8,257
2019 $274,508 $280,577 $1,123,517 $-6,069
2018 $260,645 $284,105 $1,124,545 $-23,460
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