Overview

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Est.

2012

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Charleston Redevelopment Corporation, based in Charleston County, focuses on urban development and community improvement. With an operating budget of $1.3 million and total revenue of $3 million for the 2024 filing year, the organization is dedicated to facilitating neighborhood revitalization, affordable housing construction, preservation, and economic development. The corporation does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit their website at www.palmettoclt.org.

Mission Statement

To facilitate, develop, and advocate for neighborhood revitalization, affordable (Schedule O) housing construction, preservation and economic development in Charleston County.
Revenues
$3M
Expenses
$1.5M
Net Income:
+$1.6M
Assets
$21.5M
Liabilities
$6.9M
Net Assets:
+$14.6M
Operating Budget
$1.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$74.7K
Largest grant received
$74.7K
F
F a Johnson Ii Esq
Board Member
M
MS Diane Hamilton
Board Member
M
MS Cheryl F Ferraro Cpa
Board Member

Frequently Asked Questions

What is Charleston Redevelopment Corporation’s budget?
In 2024, Charleston Redevelopment Corporation reported an annual operating budget of around $1.3 million. More detailed financial information is available to registered users.
What causes does Charleston Redevelopment Corporation support?
Charleston Redevelopment Corporation supports work in Community improvement and Urban development.
Where does Charleston Redevelopment Corporation operate?
Charleston Redevelopment Corporation is headquartered in Charleston, SC.
Who funded Charleston Redevelopment Corporation recently?
In 2024, Charleston Redevelopment Corporation received grants from NATIONAL FAIR HOUSING ALLIANCE, NATIONAL FAIR HOUSING ALLIANCE, and South Carolina Association for Community Economic Development. More information on this organization’s funders is available to registered users.
What is the largest grant Charleston Redevelopment Corporation received in 2024?
The largest grant to Charleston Redevelopment Corporation in 2024 exceeds $75 thousand.
What is Charleston Redevelopment Corporation’s reliance on government grants?
Charleston Redevelopment Corporation relied on government grants for more than 55% of their total revenue in 2024.