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Mccormick County Housing for Aging Inc

EIN 23-7377946 · Mccormick, SC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood78 out of 100GovernanceFair68 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

MCCORMICK COUNTY HOUSING FOR THE AGING, INC., A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION, WAS INCORPORATED ON APRIL 1, 1974, AND IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION WAS FORMED TO CONSTRUCT, OWN, AND OPERATE APARTMENT COMMUNITIES PURSUANT TO SECTIONS 515(B) AND 521(A) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION OPERATES CHERRY VALLEY (A 24 UNIT COMPLEX), CHERRY MANOR (A 20 UNIT COMPLEX) AND WESTOWNE (A 40 UNIT COMPLEX), ALL LOCATED IN MCCORMICK, SOUTH CAROLINA. MORTGAGE LOANS ARE PROVIDED BY RURAL DEVELOPMENT, DEPARTMENT OF AGRICULTURE, UNDER SECTION 515(B) AND 521(A) OF THE NATIONAL HOUSING ACT. IN ADDITION, THE CORPORATION HAS ENTERED INTO HOUSING ASSISTANCE PAYMENT CONTRACTS (HAP) WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

Income
$750,267
Spending
$688,585
Spent on programs
89%
Reserves
6.3 months of spending
Largest source of income
government grants, 82%
Employees
0
Volunteers
0

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 78 out of 100.

  • Reserves

    28 of 35

    Spendable reserves would cover 6.3 months of spending.

  • Debt

    10 of 20

    It owes 35% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 8% of income.

  • Income trend

    10 of 15

    Income fell 3% on the year before.

  • Spending floor

    15 of 15

    89% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 68 out of 100.

  • Independent board

    25 of 25

    10 of 10 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $609,639 spent. MCCORMICK COUNTY HOUSING FOR THE AGING, INC., A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION, WAS INCORPORATED ON APRIL 1, 1974, AND IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION WAS FORMED TO CONSTRUCT, OWN, AND OPERATE APARTMENT COMMUNITIES PURSUANT TO SECTIONS 515(B) AND 521(A) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION OPERATES CHERRY VALLEY (A 24 UNIT COMPLEX), CHERRY MANOR (A 20 UNIT COMPLEX) AND WESTOWNE (A 40 UNIT COMPLEX), ALL LOCATED IN MCCORMICK, SOUTH CAROLINA. MORTGAGE LOANS ARE PROVIDED BY RURAL DEVELOPMENT, DEPARTMENT OF AGRICULTURE, UNDER SECTION 515(B) AND 521(A) OF THE NATIONAL HOUSING ACT. IN ADDITION, THE CORPORATION HAS ENTERED INTO HOUSING ASSISTANCE PAYMENT CONTRACTS (HAP) WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 1974.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

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