S C Apartment Association

Nonprofit profile at a glance

EIN
900190925
IRS 990 coverage
2016–2025
Forms available
Form 990 2025
Location
Columia, SC, USA
Phone
8032521087
Rating
88
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$247,254
Expenses
$207,330
Assets
$1,047,375
Liabilities
$1

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

Leadership & pay

26 people listed

Executive titles in this filing

  • Lyla Scott (Past President)
  • Michelle Lorick (Vice President)
  • Donna Bolewitz (President)

People named in this filing

  • Chris Carter (National RVP Ex)
  • Rebecca Lynn (Member at Large)
  • Kindle Baumgarten (Myrtle Beach)

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

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

Overview

Mission

The Association's Purpose is the provision of forms for use by apartment communities to assist them with lease agreements.

What it reported doing in 2025

The Association's Purpose is the provision of forms for use by apartment communities to assist them with lease agreements.The purpose of the Association shall be to provide a statewide organization to promote the interests of persons, firms, partnerships, associations and corporations who develop, own, maintain or manage multifamily residential housing; to inform members about current issues and interests, including legislative activities; to promote and support the education and professional development of the multifamily residential professional and to conduct such activities as are necessary to carry out the goals of the Association.Major concerns & goals of the organization include serving as the legislative arm for the five local apartment associations of SC that are members of the GCAA, understanding rules or regulations regarding multy-family housing, and getting Expedited Eviction legislation, Submetering legislation, & property-tax coalition reform passed.

Operating model

Revenue model
Earned-program. 91% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 92% 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. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 93
  • Accountability: 82
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.2%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 16.1%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 5.05; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 17.2% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 10.1% per year; rating input score 100; 69th percentile among comparable filings
  • Asset growth: 14.2% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.2% of spending went to programs
  • Governance: 26 of 26 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 26 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 10 filing years from 2016 to 2025
  • Contacts: How to reach this organization
  • 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.

  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.