DISTRICT ELDERLY HOUSING DEVELOPMENT CORPORATION

EIN: 570715439 501(c)(3) Housing & Shelter

WEST COLUMBIA, SC

Total Revenue
$590,348
Total Expenses
$490,939
Total Assets
$927,930
Net Assets
$320,189
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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
1981
Legal Domicile
SC
Principal Officer
HAROLD MURRAY JR
Phone
8038083966
Tax Period
2025-01-01 to 2025-12-31

DISTRICT ELDERLY HOUSING DEVELOPMENT CORPORATION, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $590K in total revenue in fiscal year 2025. The organization ran a surplus of $99K, a strong 17% operating margin.

Mission

TO PROVIDE FOR LOWER INCOME ELDERLY OR HANDICAPPED FAMILIES AND PERSONS ON A NON-PROFIT BELOW COST BASIS RENTAL HOUSING AND RELATED FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE AGED OR HANDICAPPED, AND CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

Program Service Accomplishments

Program 1
Expenses: $434,608 Revenue: $234,170

OWNERSHIP AND OPERATION OF ASBURY ARMS, A MULTIFAMLIY APARTMENT COMPLEX LOCATED IN WEST COLUMBIA, SOUTH CAROLINA, UNDER SECTION 202 AND SECTION 8 OF THE NATIONAL HOUSING ACT.

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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 $349,621
Program Service Revenue $234,170
Investment Income $6,557
Other Revenue $0
TOTAL REVENUE $590,348

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $434,608
Other Expenses $490,939
TOTAL EXPENSES $490,939

Year-over-Year Comparison

2025 2024 Change
Revenue $590,348 $582,737 +0.0%
Expenses $490,939 $531,602 -0.1%
Net Income $99,409 $51,135 +0.9%
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
8
Independent Members
8
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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAROLD MURRAY JR PRESIDENT 0.50
Director
$0 $0 $0
DAVID BUSBY VICE PRESIDE 0.50
Director
$0 $0 $0
JANE ALLEN SECRETARY 0.50
Director
$0 $0 $0
IDA ENGLISH TREASURER 0.50
Director
$0 $0 $0
DANIEL DAVIS DIRECTOR 0.50
Director
$0 $0 $0
CHRIS GUNNELS DIRECTOR 0.50
Director
$0 $0 $0
VERNIE WILLIAMS DIRECTOR 0.50
Director
$0 $0 $0
WILBUR CAVE DIRECTOR 0.50
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 $590,348 $490,939 $927,930 $99,409
2024 $582,737 $531,602 $1,079,312 $51,135
2023 $561,145 $467,076 $1,083,915 $94,069
2022 $539,602 $487,452 $1,070,219 $52,150
2021 $528,306 $434,614 $1,052,842 $93,692
2020 $538,219 $457,608 $1,027,975 $80,611
2019 $506,479 $487,212 $999,003 $19,267
2018 $502,469 $439,457 $1,025,606 $63,012
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