2024-11-11T09:13:34-06:00 2023-12-31 570776381 WEBSTERROGERS LLP PO BOX 1999 BLUFFTON SC 29910 990 2023-01-01 262967726 OSPREY VILLAGE INC OSPR 8434226099 2600 MAIN STREET UNIT 101 HILTON HEAD ISLAND SC 29926 THOMAS REED BOARD PRESIDENT 8434226099 2024-11-10 1 0 TABATHA R BELLFLOWERSEA P01314866 8437068440 2024-11-10 2023 2024-10-15 13:58:12Z THOMAS REED 2600 MAIN STREET UNIT 101 HILTON HEAD ISLAND SC 29926 1229918 0 X WWW.OSPREYVILLAGE.ORG X 2008 SC TO PROVIDE A RANGE OF HOUSING OPTIONS AND AN AGE-IN-PLACE SOLUTION FOR ADULTS WITH DEVELOPMENTAL DISABILITIES THAT FOSTERS COMMUNITY INCLUSION AND SUPPORT ACHIEVING INDEPENDENCE. X 7 7 0 28 0 0 137557 1195887 0 8000 962 856 9773 17958 148292 1222701 0 0 0 0 37025 58 0 0 3002 242160 192151 279185 192209 -130893 1030492 587391 208118 177895 160847 409496 47271 TO PROVIDE A RANGE OF HOUSING OPTIONS AND AN AGE-IN-PLACE SOLUTION FOR ADULTS WITH DEVELOPMENTAL DISABILITIES THAT FOSTERS COMMUNITY INCLUSION AND SUPPORT ACHIEVING INDEPENDENCE. 0 0 64964 8000 HOUSING DEVELOPMENT: THE ORGANIZATION CONTINUES RESEARCH AND FUNDRAISING FOR THE PROPERTY SITE THAT WAS DONATED AT THE END OF 2017. IN 2023 AND 2024, THE ORGANIZATION WAS APPROPRIATED FUNDS BY THE SOUTH CAROLINA DEPARTMENT OF DISABILITIES AND SPECIAL NEEDS. IN 2024, THE PRIVATE LENDING CAMPAIGN SUCCESSFULLY LAUNCHED TO SUPPORT NEIGHBORHOOD DEVELOPMENT. FINAL ENGINEERING, ARCHITECTURAL DESIGN, AND PERMITTING BEGAN IN 2024, WITH INITIAL CONSTRUCTION EXPECTED TO BEGIN IN 2025. 64964 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X TERESA BULLOCK 3364063708 PO BOX 3155 BLUFFTON SC 29910 X EDWARD HAMP GREENE DIRECTOR 1.00 X 0 0 0 JEFFERY NORKUS DIRECTOR 1.00 X 0 0 0 JOHN JOLLEY DIRECTOR 1.00 X 0 0 0 EDWARD DOYLE DIRECTOR 1.00 X 0 0 0 THOMAS REED PRESIDENT 4.00 X 0 0 0 WILLIAM LINCICOME VICE PRESIDENT-RESIGNED 3/21/23 12.00 X 0 0 0 NATASHA DONALDSON SECRETARY 1.00 X 0 0 0 STEVE MILLER TREASURER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 60960 35467 1000000 99460 5868 1195887 RESPITE CARE 623990 8000 8000 8000 856 856 25175 60960 7217 17958 17958 1222701 8000 0 18814 X 58 58 10872 10872 507 507 145410 48333 97077 5679 315 5364 3700 1823 1520 357 933 832 101 2057 1933 124 2313 2313 4136 4136 2054 2054 VILLAGE CONCEPTUALIZATI 10237 10237 OUTSIDE CONTRACT SERVIC 2544 2544 SUPPLIES- A&M 705 705 MEMBERSHIPS & DUES - A& 677 677 327 10 317 192209 64964 124243 3002 176166 134678 150 60626 372000 39075 12562 0 252 587391 208118 18594 3518 159301 157329 177895 160847 X -634 7141 410130 40130 409496 47271 587391 208118 X 1030492 -20717 -1372000 X X 0 1 X 0 0 X 709757 362515 263891 137557 1203887 2677607 709757 362515 263891 137557 1203887 2677607 2577 2675030 763 835 138 962 856 3554 2681161 557532 0.99770 0.99320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INVESTMENTS-OTH SECS(DETAIL)-990 12562 C 12562 EIDL LOAN 150000 ACCRUED INTEREST 7027 LEASE LIABILITY 302 157329 X PART X, LINE 2: OSPREY VILLAGE, INC. (OVI) IS ORGANIZED AS A SOUTH CAROLINA NON-PROFIT CORPORATIONS AND HAS BEEN RECOGNIZED BY THE IRS AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND QUALIFY FOR CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTION 170(B)(1)(A) AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SEC 509(A)(2). THE ENTITY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATIONS EXEMPT FROM INCOME TAX (FORM 990) WITH THE INTERNAL REVENUE SERVICE (LRS). IN ADDITION, IT IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. OVI DETERMINED THAT THEY HAD NO UNRELATED BUSINESS ACTIVITY FOR 2023 AND DID NOT FILE AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. FOR THE YEAR ENDED DECEMBER 31, 2023, OVI, DOES NOT EXPECT TO HAVE ANY SIGNIFICANT UNRELATED BUSINESS ACTIVITY. GOLF TOURNAMENT 86135 60960 25175 7217 86135 60960 25175 7217 7217 17958 LAND 2023-05-31 3000000 COMPARIABLE VALUE 931654879 OSPREY VILLAGE PROPERTY DEVELOPMENT LLC 2600 MAIN STREET UNIT 101 HILTON HEAD SC 29926 C CORP CASH 2023-11-16 1000000 CASH VALUE 931654879 OSPREY VILLAGE PROPERTY DEVELOPMENT LLC 2600 MAIN STREET UNIT 101 HILTON HEAD SC 29926 C CORP 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 OSPREY VILLAGE HAS CONTRACTED NETGREEN CONSULTING, INC. TO PROVIDE PLANNING AND EXECUTING OF THE ORGANIZATION'S BUDGETS, FINANCIAL MANAGEMENT, AND IT SUPPORT FOR THE ORGANIZATION. THERE IS ALSO A CONTRACT WITH JULIE KUHNS TO ACT AS CEO WITH RESPONSIBILITIES FOR PLANNING SERVICE DEPARTMENT BUDGETS; HIRING, FIRING, AND SUPERVISING PERSONNEL; AND SUPERVISING THE EXEMPT OPERATIONS OF THE ORGANIZATION'S SERVICE DEPARTMENT AS WELL AS THE OSPREY VILLAGE THRIFT STORES LLC SUBSIDIARY'S OPERATIONS THAT WAS EFFECTIVE AS OF 02/01/2022. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE FORM 990 WAS REVIEWED BY ALL OFFICERS AND DIRECTORS FORM 990, PART VI, SECTION B, LINE 12C POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO EVERY CONTRACT OR BUSINESS ENGAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS WILL DETERMINE COMPENSATION BASED ON AN EVALUATION OF PERFORMANCE AND LOCAL SALARY STRUCTURE WHEN COMPENSATION IS GIVEN. FORM 990, PART VI, SECTION C, LINE 19 ALL OF OUR MONTHLY BOARD MEETINGS ARE OPEN TO THE PUBLIC. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONTRACT MARKTG. SERVICES - A&M: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 410. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 410. CONTRACT DEVELOPMENT SERVCS-A&M: PROGRAM SERVICE EXPENSES 48,333. MANAGEMENT AND GENERAL EXPENSES 21,667. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 70,000. CONTRACT MGMT. SERVICES-A&M: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 75,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,000. FORM 990, PART XI, LINE 9: TRANSFER TO OVPD, INC -1,372,000. FORM 990, PART XII, LINE 2C: THE CONTROLLER IS RESPONSIBLE FOR ONGOING COMMUNICATIONS WITH AUDITORS DURING AUDIT, WITH OVERSIGHT BY BOARD TREASURER. A DRAFT AUDIT IS REVIEWED BY CONTROLLER AND TREASURER. ANY QUESTIONS AND/OR REVISIONS OF INITIAL DRAFT ARE ADDRESSED. A FINAL DRAFT IS PRESENTED TO FULL BOARD FOR REVIEW AND QUESTIONS. OSPREY VILLAGE THRIFT STORES LLC 2600 MAIN STREET UNIT 101 HILTON HEAD ISLAND SC 29926 844031272 TO SUPPORT OSPREY VILLAGE, INC. SC 501(C)(3) LINE 12A, I 0 OSPREY VILLAGE PROPERTY DEVELOPMENT LLC 2600 MAIN STREET UNIT 101 HILTON HEAD SC 29926 931654879 PROPERTY DEVELOPMENT SC OSPREY VILLAGE INC C 46508 4138948 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 OSPREY VILLAGE THRIFT STORES S 35467 FAIR VALUE OSPREY VILLAGE PROPERTY DEVELOPMENT LLC R 4000000 FAIR VALUE