Gault Grove Apartments Inc

Nonprofit profile at a glance

EIN
571010303
IRS 990-EZ coverage
2017–2025
Forms available
Form 990 2016, Form 990-EZ 2025
Location
Columbia, SC, USA
Phone
8037861844
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$193,331
Expenses
$158,661
Assets
$396,576
Liabilities
$1,061,876

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • DR LUCY EASLER (President & CEO)
  • JULIE ANN AVIN (PRESIDENT-MIRCI)

People named in this filing

  • Allison Farrell (BOARD MEMBER)
  • Elizabeth Harmon (BOARD MEMBER)
  • Dr Tywana Chenault Hemby (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Gault grove apartments, inc., hud project no. 054-hud046-cmi (the project), was established as a non-profit corporation pursuant to the laws and regulations of the state of South Carolina for the purpose of constructing, owning and operating a 20-unit apartment project for low-income individuals with disabilities located in cayce, South Carolina. The project is operated under section 811 of the national housing act and regulated by the u.s. Department of housing and urban development (hud) with respect to rental charges and operating methods. The project also has a project rental assistance contract (prac) with hud, and a significant portion of the project's rental income is received from hud. The project is operated by mental illness recovery center, inc. (mirci), a non-profit corporation that provides social rehabilitation for individuals in the columbia area who have mental illness and/or emotional problems and is related by common control and management.

What it reported doing in 2025

To provide housing and related services to low income individuals with mental disabilities.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 100
  • Sustainability: 65
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.8%; rating input score 78
  • Program expense ratio: 94.7%; rating input score 95

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 17.9%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 2.5; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 2.68; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 3.2% per year; rating input score 100; 39th percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: -3.3% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 77.8% of revenue deployed · 94.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $150K in reported program spending
  • Leadership: top reported pay $0 · 17 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 9 filing years from 2017 to 2025
  • Contacts: How to reach this organization
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.