I58 INC

EIN: 813858015 501(c)(3) Housing & Shelter

CHESTER, SC

Total Revenue
$590,072
Total Expenses
$443,030
Total Assets
$684,228
Net Assets
$475,596
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
SC
Principal Officer
KEVIN TAYLOR
Phone
8032095553
Tax Period
2023-01-01 to 2023-12-31

I58 INC, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $590K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $147K, a strong 25% operating margin.

Mission

TO EMPOWER LOWER TO MODERATE INCOME INDIVIDUALS THROUGH COMMUNITY REVITALIZATION INITIATIVES SUCH AS HOUSING, NEIGHBORHOOD BEAUTIFICATION, AND FAMILY SERVICES.

Program Service Accomplishments

Program 1
Expenses: $342,384

HOME REPAIR PROGRAM - THIS PROGRAM IS DESIGNED TO ASSIST LOW-INCOME HOMEOWNERS IN MAKING NEEDED REPAIRS TO THEIR PRIMARY RESIDENCE TO ADDRESS CRITICAL LIFE, HEALTH AND SAFETY ISSUES. THIS IS DONE...

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HOME REPAIR PROGRAM - THIS PROGRAM IS DESIGNED TO ASSIST LOW-INCOME HOMEOWNERS IN MAKING NEEDED REPAIRS TO THEIR PRIMARY RESIDENCE TO ADDRESS CRITICAL LIFE, HEALTH AND SAFETY ISSUES. THIS IS DONE WITH SEVERAL DIFFERENT FUNDING SOURCES SUCH AS, SOUTH CAROLINA HOUSING TRUST FUND, HUD OLDER ADULT HOME MODIFICATION FUNDS, AND DUKE WEATHERIZATION FUNDS. EACH FUNDING SOURCE HAS DIFFERENT APPLICATION PROCESSES AND WAITING LIST.

Program 2
Expenses: $20,408 Revenue: $11,200

RENTAL HOUSING PROGRAM - THE PURPOSE OF THIS PROGRAM IS TO PROVIDE AFFORDABLE HOUSING FOR INDIVIDUALS WHO HAVE COMPLETED REHABILITATION OR RECOVERY PROGRAMS. RENT RATES ARE TYPICALLLY LOWER THAN...

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RENTAL HOUSING PROGRAM - THE PURPOSE OF THIS PROGRAM IS TO PROVIDE AFFORDABLE HOUSING FOR INDIVIDUALS WHO HAVE COMPLETED REHABILITATION OR RECOVERY PROGRAMS. RENT RATES ARE TYPICALLLY LOWER THAN MARKET RATES AND ARE OFTEN SUBSIDIZED THROUGH OTHER STATE HOUSING URBAN AND DEVELOPMENT PROGRAMS. I58 UNDERSTANDS THIS CAN BE CRUCIAL FOR THEIR SUCCESSFUL TRANSITION TO INDEPENDENT LIVING. BY OFFERING SUPPORT THROUGH THIS PROGRAM, I58 IS HELPING TO ENSURE THAT THESE INDIVIDUALS HAVE A STABLE ENVIRONMENT AS THEY CONTINUE THEIR JOURNEY TOWARDS SELF-SUFFICIENCY. IT IS A WAY TO EMPOWER THOSE INDIVIDUALS TO REBUILD THEIR LIVES AND THRIVE AFTER OVERCOMING CHALLENGES.

Program 3
Expenses: $14,958

TRANSITIONAL MEN'S HOUSING PROGRAM - THIS PROGRAM IS DESIGNED TO SERVE AS A RESIDENCE FOR CERTAIN MEN IN THE COMMUNITY. THE TRANSITIONAL HOUSE ITSELF FEATURES SIX BEDROOMS AND THREE BATHROOMS. THE...

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TRANSITIONAL MEN'S HOUSING PROGRAM - THIS PROGRAM IS DESIGNED TO SERVE AS A RESIDENCE FOR CERTAIN MEN IN THE COMMUNITY. THE TRANSITIONAL HOUSE ITSELF FEATURES SIX BEDROOMS AND THREE BATHROOMS. THE HOUSE HAD BEEN ABANDONED FOR OVER A DECADE AND WAS PREVIOUSLY ENCUMBERED BY A RESTRICTIVE COVENANT IMPOSED BY HUD. IT NOW PROVIDES A SAFE AND SECURE ENVIRONMENT FOR MEN WHO HAVE SUCCESSFULLY COMPLETED A 90-DAY REHABILITATION PROGRAM AND WISHES TO CONTINUE THEIR JOURNEY OF RECOVERY. I58 OFFERS COMPREHENSIVE SUPPORT SERVICES, INCLUDING ASSISTANCE IN JOB PLACEMENT AND CREDIT BUILDING, ENABLING THESE INDIVIDUALS TO BECOME CONTRIBUTING MEMBERS OF OUR COMMUNITY IN AS LITTLE AS 18 MONTHS AND EMPOWERING THEM TO ACHIEVE INDEPENDENT LIVING. THE RESIDENTS OF THE HOUSE CONTRIBUTE 80 PER WEEK, WHICH GOES TOWARDS COVERING THE COST ASSOCIATED WITH THE MORTGAGE, UTILITIES, INSURANCE, AND MAINTENANCE OF THE PROPERTY.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $578,575
Program Service Revenue $11,200
Investment Income $0
Other Revenue $297
TOTAL REVENUE $590,072

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,365
Fundraising Expenses $2,691
Program Expenses $380,441
Other Expenses $361,665
TOTAL EXPENSES $443,030

Year-over-Year Comparison

2023 2022 Change
Revenue $590,072 $1,028,497 -0.4%
Expenses $443,030 $994,290 -0.6%
Net Income $147,042 $34,207 +3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
4
Volunteers
10

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
4
$50,000
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LESLIE BRAKEFIELD DEVELOPMENT 40.00
Officer
$50,000 $0 $50,000
KEVIN TAYLOR PRESIDENT 2.00
Officer Director
$0 $0 $0
JEFFREY COMMADORE VICE PRESIDE 2.00
Officer Director
$0 $0 $0
ANITA MCKINNEY TREASURER 3.00
Officer Director
$0 $0 $0
WYLIE FREDERICK DIRECTOR 1.00
Director
$0 $0 $0
ELOISE MCCREE DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM RICE 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 No data No data No data No data
2024 No data No data No data No data
2023 $590,072 $443,030 $684,228 $147,042
2022 $1,028,497 $994,290 $348,889 $34,207
2021 $735,706 $568,325 $368,277 $167,381
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