Episcopal Diocese of Sc Community Housing Development Organization
Episcopal Diocese of Sc Community Housing Development Organization
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About this organization
Revenue
$476
Expenses
$72,679
Mission
TO PROVIDE AFFORDABLE HOUSING UNITS FOR QUALIFIED APPLICANTS SEEKING HOMES IN CHARLESTON.
About
TO PROVIDE AFFORDABLE HOUSING UNITS FOR QUALIFIED APPLICANTS SEEKING HOMES IN CHARLESTON. SINCE ITS CREATION IN 1997, EDCHDO HAS REHABILITATED SEVEN AND BUILT FIVE NEW HOMES IN PORTER'S COURT, ELLIOTBOROUGH; AND SIX MORE IN NEARBY HUMPHREY'S COURT.PRIOR TO EDCHDO STEPPING IN, MOST OF THE PORTER'S COURT HOUSES WERE VACANT AND USED BY DRUG ADDICTS AS HANGOUTS. RENTS HAD INCREASED IN THE AREA TO A LEVEL MORE THAN PEOPLE COULD AFFORD AND THE AREA WAS HEADED RAPIDLY DOWNHILL.EDCHDO WORKS WITH GOVERNMENTS, BANKS, AND THE PRIVATE SECTOR TO TRANSFORM AREAS OF BLIGHT INTO SAFE, AFFORDABLE NEIGHBORHOODS FOR PEOPLE IN NEED. IN 2013 $802,653 WAS TRANSFERRED TO EDCHDO TO BE HELD AS TEMPORARILY RESTRICTED FUNDS FOR THE DEVELOPMENT OF THE MORRIS SQUARE PROPERTIES. THE EIGHT PROPERTIES HELD AS LOT INVENTORY WERE ALSO TRANSFERRED TO EDCHDO. EDCHDO WILL SELL THE HOMES IT RENOVATES AND BUILDS TO FIRST-TIME HOMEBUYERS WITH INCOMES LESS THAN 120% OF THE AREA'S MEAN INCOME. SEED FUNDING FOR THE ABOVE 17-HOME BUILDING PROJECT COMES FROM A $200,000 FEDERAL GRANT TO THE CHARLESTON HOUSING TRUST AND PROFITS DUE TO THE CITY OF CHARLESTON FROM THE SALE OF PHASE I PROPERTIES(CURRENTLY ESTIMATED AT $900,000+) ALONG MORRIS STREET. EDCHDO WELCOMES PRIVATE SECTOR INVOLVEMENT IN THESE AND OTHER AFFORDABLE HOUSING VENTURES.DURING 2017, EDCHDO DEVELOPED PLANS, AND IS IN THE PROCESS OF RECEIVING APPROVAL, FOR FOUR ADDITIONAL HOUSES. EDCHDO SUBMITTED PLANS TO THE CITY OF CHARLESTON TO BUILD HOUSES TO BE LOCATED AT 24 AND 28 HUMPHREY COURT, 83 HANOVER STREET, AND 32 NASSAU STREET. THE PROPOSED HOUSES ON HUMPHREY COURT RECEIVED BAR APPROVAL AND WERE ADVERTISED FOR CONSTRUCTION BIDS. ALL THE BIDS RECEIVED, HOWEVER, WERE TOO HIGH TO BE ELIGIBLE AS "AFFORDABLE" ACCORDING TO CITY AND FEDERAL GUIDELINES. THE HOUSE TO BE BUILT AT 32 NASSAU HAS YET TO RECEIVE BAR APPROVAL. EDCHDO IS WAITING FOR GUIDANCE FROM THE CITY OF CHARLESTON REGARDING HOW TO MOVE FORWARD.
Interesting data from their 2020 990 filing
The filing specifies the mission of the non-profit as “To make affordable housing a reality in the charleston community by revitalizing deteriorating neighborhoods through a planned system of reinvestment by working with local governments, property owners and the private sector to provide safe, quality, affordable housing for all residents that will improve the neighborhood thereby improving the quality of life for the families in these neighborhoods.”.
When explaining its duties, they were described as: “To provide affordable housing units for qualified applicants seeking homes in charleston.”.
- The state in which the non-profit is authorized to operate legally is SC.
- According to the filing, the address of the non-profit for the year 2020 is 106 LINE STREET, CHARLESTON, SC, 29403.
- The non-profit has reported 1 employees on their form for the year 2020.
- Is not a private foundation.
- Expenses are less than $100,000.
- Revenue is less than $100,000.
- Revenue less expenses is -$72,203.
- The organization has 7 independent voting members.
- The organization was formed in 2000.
- The organization pays $51,134 in salary, compensation, and benefits to its employees.
- The organization pays $2,558 in fundraising expenses.