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Nonprofit · EIN 87-3640056

LEGACY AFFORDABLE HOUSING TRUST

Tax-exempt · GREENVILLE, SC 29601

Financials

$109K$5K2023$220K$21K2024
Revenue Expenses · by fiscal year end
Financials of LEGACY AFFORDABLE HOUSING TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$219,640$20,911$198,729$304,575$1,661$302,914
December 31, 2023990-EZ$109,000$4,815$104,185$104,185$0$104,185
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$194,100
Program service revenue
$0
Investment income
$0
Net rental income
$25,540
Other revenue
$25,540

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$890
Occupancy
$1,861
Depreciation
$11,305
Program services (functional)
$20,021
Management and general (functional)
$890

Balance sheet and other

Total assets, start of year
$104,185
Total assets, end of year
$304,575
Total liabilities, end of year
$1,661
Net assets, end of year
$302,914
Land, buildings and equipment
$286,044
Net assets without donor restrictions
$302,914
Gross receipts
$219,640
Employees
0
Volunteers
7
Year formed
2021
State of legal domicile
SC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
William W BrownPresident
Trustee or director, Officer
1$0$350,000$30,500
Cary HallVice President
Trustee or director, Officer
1$0$0$0
Karen BrownTreasurer
Trustee or director, Officer
1$0$0$0
Adela MendozaBoard Member
Trustee or director
1$0$0$0
Charles BrewerBoard Member
Trustee or director
1$0$0$0
Llyn StrongBoard Member
Trustee or director
1$0$0$0
Steve LanzlBoard Member
Trustee or director
1$0$0$0
990-EZ for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
William W BrownPresident1$0
Cary HallVice President1$0
Karen BrownTreasurer1$0
Steve LanzlBoard Member1$0
Charles BrewerBoard Member1$0
Adela MendozaBoard Member1$0
Llyn StrongBoard Member1$0

Address and contacts

Address (IRS master file)
104 BROADUS AVE, GREENVILLE, SC 29601-3040
In care of
% WILLIAM W BROWN
Mailing address (990-N for 2022)
104 BROADUS AVENUE, GREENVILLE SC 29601
Principal officer (990 for 2024)
William Brown, 104 Broadus Avenue, Greenville, SC 29601
Principal officer (990-N for 2022)
WILLIAM BROWN, 104 BROADUS AVENUE, GREENVILLE SC 29601
Signed the 990
William Brown, President
Phone
(864) 558-0626
Return prepared by
Forvis Mazars LLP

Mission

To further the production and preservation of safe, high-quality affordable and workforce housing that meets the needs of all residents, regardless of income.

990 for the year ended December 31, 2024

Program accomplishments

  • Preserved 2 existing single family homes that are now rented. Secured 2 houses that are a shared housing concept. Each house has 6 bedroom suites for rent with equal access to common areas.
    Expenses $20,021

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
87-3640056
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$304,575
Income (IRS master file)
$219,640

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$219,640$20,911$304,575XML
990-EZDecember 2023$109,000$4,815$104,185XML
990-N for 2022
Officer: WILLIAM BROWN
December 31, 2022≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-3640056).

Questions about LEGACY AFFORDABLE HOUSING TRUST

What is the EIN of LEGACY AFFORDABLE HOUSING TRUST?
The employer identification number (EIN) of LEGACY AFFORDABLE HOUSING TRUST is 87-3640056.
Is LEGACY AFFORDABLE HOUSING TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to LEGACY AFFORDABLE HOUSING TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LEGACY AFFORDABLE HOUSING TRUST file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LEGACY AFFORDABLE HOUSING TRUST due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LEGACY AFFORDABLE HOUSING TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LEGACY AFFORDABLE HOUSING TRUST?
The 990 for the year ended December 31, 2024 names William Brown.
Who are the officers and directors of LEGACY AFFORDABLE HOUSING TRUST?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does LEGACY AFFORDABLE HOUSING TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $219,640, expenses of $20,911 and total assets of $304,575 at year end.

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