SANDY RUN MISSIONARY BAPTIST CHURCH APTS Charity Report

Public IRS 990 nonprofit record

SANDY RUN MISSIONARY BAPTIST CHURCH APTS

EIN 56-1053910 · Housing & Shelter (L200)

What they do

SANDY RUN MISSIONARY BAPTIST CHURCH APARTMENTS I, INC. is A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES of THE STATE of NORTH CAROLINA. THE CORPORATION WAS FORMED for THE PURPOSE of REHABILITATING and OPERATING A 152 UNIT COMMUNITY KNOWN AS SANDY RUN APARTMENTS IN JACKSONVILLE, NORTH CAROLINA, WHICH PROVIDES HOUSING for INDIVIDUALS WITH LOW and MODERATE INCOME, PURSUANT to SECTION 221(D)(3) of THE NATIONAL HOUSING ACT, AS AMENDED. THE COMMUNITY is FINANCED UNDER SECTION 221(D)(3) of THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO A REGULATORY AGREEMENT GOVERNING THE OPERATION of THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION of HUD. THE CORPORATION LEASES APARTMENT UNITS to LOW INCOME FAMILIES (OR PERSONS) IN THE NORMAL COURSE of BUSINESS. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD. THE CONTRACT is A SECTION 8 RENT ASSISTANCE PROGRAM for LOW INCOME FAMILIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

74.78%of revenue went to mission work84.2% of expenses · Program services

$88.84spent for every $100 of revenueRevenue covered expenses this year.

14.06%of revenue went to management and office costs15.8% of expenses

$3.45in assets for every $1 spent this yearSome assets cannot be spent right away.

72.5%of its money came from giftsOther money may come from services or investments.

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Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,128,005

Mission workProgram services$1,591,27474.78% of revenue84.2% of expenses

ManagementOffice and general costs$299,29114.06% of revenue15.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$237,44011.16% of revenueShown in gray on the chart

Total expenses$1,890,56588.84% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 84.2% mission · 15.8% management · 0.0% fundraisingTotal expenses: 88.84% of revenue

2023Expense mix: 82.0% mission · 18.0% management · 0.0% fundraisingTotal expenses: 79.53% of revenue

2022Expense mix: 81.0% mission · 19.0% management · 0.0% fundraisingTotal expenses: 81.75% of revenue

2021Expense mix: 83.2% mission · 16.8% management · 0.0% fundraisingTotal expenses: 105.85% of revenue

2020Expense mix: 90.4% mission · 9.6% management · 0.0% fundraisingTotal expenses: 226.77% of revenue

2019Expense mix: 80.1% mission · 19.9% management · 0.0% fundraisingTotal expenses: 59.40% of revenue

2018Expense mix: 83.3% mission · 16.7% management · 0.0% fundraisingTotal expenses: 50.52% of revenue

2017Expense mix: 79.6% mission · 20.4% management · 0.0% fundraisingTotal expenses: 102.36% of revenue

Money in and money out

Revenue$2,128,005

Expenses$1,890,565

Annual surplus $237,440 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,591,274 · 84.2% of expenses

Management and office costs$299,291 · 15.8% of expenses

See all reported dollar amounts

Revenue$2,128,005

Expenses$1,890,565

Assets$6,525,160

Income$2,144,521

Contributions$1,543,706

Mission work (program services)$1,591,274

Management and general$299,291

Accounting fees$6,440

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (7)

BRIAN JACKSONDIRECTOR

DARYL ROBERSONDIRECTOR

GREGORY O HUMPHREYDIRECTOR

HOLLY SYLVAINDIRECTOR

JACOB EVANSPRESIDENT

JOSELYN HILLMONSECRETARY

TYRONE MAXWELLVICE PRESIDENT

About this charity

Recognized since: January 1974
Location: 200 COLEMAN DR, JACKSONVILLE, NC 28546-6830
County: Onslow
In care of: JACOB EVANS
Primary officer: JACOB EVANS, PRESIDENT

How to reach them

Phone(336) 765-0424

Filing and classification

Latest tax year: 2024
Tax period began: August 1, 2024
Return type: 990
Tax preparer: DAUBY OCONNOR & ZALESKI LLC
NTEE classification: Housing & Shelter (L200)
IRS tax category: Other Community Housing Services