EIN 01-0793507

South Carolina Community Loan Fund

IRS 501(c) type
501(c)(3)
Num. employees
22
Year formed
2003
Most recent tax filings
2022-12-01
Description
SCCLF is a CDFI that provides loans and technical assistance for affordable housing and business development in South Carolina.
Also known as...
Lowcountry Housing Trust
Total revenues
$3,563,181
2022
Total expenses
$2,987,456
2022
Total assets
$41,580,650
2022
Num. employees
22
2022

Program areas at South Carolina Community Loan Fund

Community facility (cf) scclf provides Community facility loans generally up to $1,000,000 to finance acquisition, pre-development, infrastructure, construction, rehabilitation, and permanent financing development costs. Scclf finances the construction and renovation of Community facilities including, but not limited to, recreation centers, day care centers, health care centers, senior centers, charter schools, homeless shelters, and transitional housing in underserved South Carolina communities. In 2022, scclf made 8 loans totaling $3.8mm to Community facilities located throughout the state.
Affordable housing (ah): scclf provides loans generally up to $1,000,000 to finance the construction, rehabilitation or redevelopment of home ownership and rental units that are affordable to low to moderate income families. In 2022, scclf made 5 loans totaling $1.2mm to affordable housing facilities located throughout the state.
Scclf provides loans, generally up to $1,000,000, to finance acquisition, predevelopment, infrastructure, construction, renovation, leasehold improvements, machinery and equipment, working capital, and permanent financing business costs. Scclf finances the capital needs of Community businesses serving and employing low to moderate income individuals located in underserved South Carolina communities. In 2022, scclf made 12 loans totaling $4.4mm to small businesses located throughout the state.
Other programs

Grants made by South Carolina Community Loan Fund

GranteeGrant descriptionAmount
Palmetto Works Community Development CorporationForgivable Loan$30,000

Who funds South Carolina Community Loan Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mary Reynolds Babcock FoundationGeneral Operating$300,000
Opportunity Finance Network (OFN)Ofn Cdfi Tech Grant Program Supported By Google.org$100,000
Appalachian Community Capital Development FoundationBusiness Development in Appalachia$50,000
...and 3 more grants received

Personnel at South Carolina Community Loan Fund

NameTitleCompensation
Nathaniel BarberChief Executive Officer$165,500
Nancy LeonChief Financial Officer$108,067
Victoria HaugenChief Strategy Officer$130,137
Anna LewinPast Chief Executive Officer / Chief Operating Officer$52,151
Leigh Ann SheltonPast Chief Financial Officer$156,040
...and 12 more key personnel

Financials for South Carolina Community Loan Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,297,997
Program services$2,207,300
Investment income and dividends$54,784
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,100
Total revenues$3,563,181

Form 990s for South Carolina Community Loan Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-05990View PDF
2021-122022-08-22990View PDF
2020-122021-10-29990View PDF
2019-122020-08-14990View PDF
2018-122019-12-26990View PDF
...and 9 more Form 990s

Organizations like South Carolina Community Loan Fund

OrganizationLocationRevenue
Northern California Community Loan FundSan Francisco, CA$13,288,785
New Hampshire Community Loan FundConcord, NH$14,740,663
Coastal Enterprises (CEI)Brunswick, ME$13,614,519
Working Solutions CdfiSan Francisco, CA$2,670,816
Cincinnati Development Fund (CDF)Cincinnati, OH$10,309,687
Chicago Community Loan Fund (CCLF)Chicago, IL$14,555,763
Grow America FundNew York, NY$3,801,712
I2eOklahoma City, OK$9,581,488
Mountain AssociationBerea, KY$6,043,653
Ohio Community Development Finance FundColumbus, OH$9,454,085
Data update history
October 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 27, 2023
Updated personnel
Identified 7 new personnel
October 24, 2023
Received grants
Identified 2 new grant, including a grant for $50,000 from Appalachian Community Capital Development Foundation
August 8, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Received grants
Identified 3 new grant, including a grant for $75,000 from The Nathan Cummings Foundation
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsCharities
Issues
Community improvementEconomic development
Characteristics
LobbyingState / local levelReceives government fundingTax deductible donations
General information
Address
1051 Gardner Rd Suite A
Charleston, SC 29407
Metro area
Charleston-North Charleston, SC
County
Charleston County, SC
Website URL
sccommunityloanfund.org/ 
Phone
(843) 973-7285
IRS details
EIN
01-0793507
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2003
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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