Palmetto United Community Development Corp
Nonprofit profile at a glance
- EIN
- 452400569
- IRS 990-EZ coverage
- 2015–2017
- Forms available
- Form 990-EZ 2017, Form 990-N 2014
- Location
- Cassatt, SC, USA
- Phone
- 8034245334
- Rating confidence
- Limited
- Sector
- Community, Neighborhood Development
Reported finances
- Expenses
- $1,638
- Assets
- $7,001
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- JIMMIE NICHELSON (CEO)
People named in this filing
- JIMMIE NICHELSON (CEO)
- VIVIAN E SALMOND (OFFICE MANAGER)
- BISHOP THOMAS BELL (DIRECTOR)
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 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Purpose is to administer programs that will increase and preserve affordable housing units by construction and rehabilitation and to provide decent, safe, and sanitary housing for low to moderate income households in South Carolina counties of lexington, fairfield, kershaw, and richland.
What it reported doing in 2017
No contracts were awarded in 2017
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
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 23
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 4.27; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: 55% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 69% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 67.1% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $2K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 1 of 2 current checks pass · 1 finding to review
- Schedules: 1 filed schedules
- Filing history: 3 filing years from 2015 to 2017
- Contacts: How to reach this organization
- 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.
- Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.