2024-04-22T13:24:56-04:00 2023-06-30 200758852 ELLIOTT & PAINTER LLP 390 E HENRY ST STE 203 SPARTANBURG SC 29302 990 2022-07-01 831053789 FRANKLIN SCHOOL FACILITIES CORPORATION FRAN 8645980097 PO BOX 3362 SPARTANBURG SC 29303 WILLIAM BARNET III CHAIRMAN 8645980097 2024-03-08 WILLIAM BARNET 999009999 false STEVEN N BLANTON CPA P01264965 8645831476 2024-04-04 2022 2023-04-26 12:10:37Z WILLIAM BARNET III 158 W MAIN ST SPARTANBURG SC 29302 127360 false X X 2018 SC TO ASSIST AND SUPPORT NORTHSIDE DEVELOPMENT CORPORATION, A SOUTH CAROLINA NONPROFIT CORPORATION HAVING RECEIVED A DETERMINATION OF EXEMPTION FROM FEDERAL INCOME TAXATION FROM THE INTERNAL REVENUE SERVICE IN ACCORDANCE WITH SECTION 501(C)(3) OF THE CODE ("NDC") IN FURTHERANCE OF ITS EXEMPT PURPOSES BY INTER ALIA, ACQUIRING, DEVELOPING, SELLING, DONATING, CONTRIBUTING, OWNING, OPERATING, LEASING, MANAGING, OR GRANTING RIGHTS OF ACCESS, USE OR POSSESSION, OF REAL PROPERTY AND IMPROVEMENTS THEREON IN THE AREA OF THE CITY OF SPARTANBURG, SOUTH CAROLINA (THE "CITY") COMMONLY REFERRED TO AS "NORTHSIDE," INCLUDING BUT NOT LIMITED TO, FACILITIES USED AS EARLY CHILDHOOD EDUCATIONAL FACILITIES. WITHOUT LIMITATION OF THE FOREGOING, THE PURPOSES OF NDC TO BE SUPPORTED BY ACTIVITIES OF THE CORPORATION INCLUDE (I) PURCHASING OR OTHERWISE ACQUIRING, (II) SELLING OR OTHERWISE TRANSFERRING, (III) LEASING, (IV) MANAGING AND/OR DEVELOPING OR REDEVELOPING REAL PROPERTY AND IMPROVEMENTS THEREON WITHIN THE N 5 5 0 0 0 126005 126510 31 850 0 126036 127360 25000 25000 0 0 0 0 486227 477294 511227 502294 -385191 -374934 9064757 8707523 10056860 10074559 -992103 -1367036 X TO ASSIST AND SUPPORT NORTHSIDE DEVELOPMENT CORPORATION, A SOUTH CAROLINA NONPROFIT CORPORATION HAVING RECEIVED A DETERMINATION OF EXEMPTION FROM FEDERAL INCOME TAXATION FROM THE INTERNAL REVENUE SERVICE IN ACCORDANCE WITH SECTION 501(C)(3) OF THE CODE ("NDC") IN FURTHERANCE OF ITS EXEMPT PURPOSES BY INTER ALIA, ACQUIRING, DEVELOPING, SELLING, DONATING, CONTRIBUTING, OWNING, OPERATING, LEASING, MANAGING, OR GRANTING RIGHTS OF ACCESS, USE OR POSSESSION, OF REAL PROPERTY AND IMPROVEMENTS THEREON IN THE AREA OF THE CITY OF SPARTANBURG, SOUTH CAROLINA (THE "CITY") COMMONLY REFERRED TO AS "NORTHSIDE," INCLUDING BUT NOT LIMITED TO, FACILITIES USED AS EARLY CHILDHOOD EDUCATIONAL FACILITIES. WITHOUT LIMITATION OF THE FOREGOING, THE PURPOSES OF NDC TO BE SUPPORTED BY ACTIVITIES OF THE CORPORATION INCLUDE (I) PURCHASING OR OTHERWISE ACQUIRING, (II) SELLING OR OTHERWISE TRANSFERRING, (III) LEASING, (IV) MANAGING AND/OR DEVELOPING OR REDEVELOPING REAL PROPERTY AND IMPROVEMENTS THEREON WITHIN THE N false false 496449 25000 126510 AS A QUALIFIED LOW INCOME COMMUNITY BUSINESS, PURCHASED AND COMPLETED THE CONSTRUCTION OF THE FRANKLIN SCHOOL (THE "SCHOOL"), AN EARLY CHILDHOOD LEARNING FACILITY LOCATED IN THE NORTHSIDE OF THE CITY OF SPARTANBURG, SOUTH CAROLINA. LEASES THE COMPLETED BUILDING AND FURNITURE OF THE SCHOOL TO SPARTANBURG COUNTY FIRST STEPS TO SCHOOL READINESS WHO OPERATES THE SCHOOL. 496449 true false false false false false false false false false true false false false true false true false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 1 0 0 false false false false false false false false false false false false X 5 5 false false false false false false false true true false false false true false false true false false false false SC X X CARMEISHA WHITE 8645980097 501 HOWARD STREET SUITE A SPARTANBURG SC 29303 X TAMMIE HOY HAWKINS TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM BARNET III CHAIRMAN 2.00 2.30 X X 0 0 0 ED MEMMOTT SECRETARY/TR 2.00 0.00 X X 0 0 0 CAREY ROTHSCHILD TRUSTEE 2.00 2.30 X 0 0 0 TIM SCHMITZ TRUSTEE 2.00 2.30 X 0 0 0 false false false RENTAL INCOME 531390 126510 126510 126510 850 850 127360 127360 25000 25000 29835 23990 5845 123321 123321 316241 316241 345 345 LOAN AND BANK FEES 7552 7552 502294 496449 5845 0 101407 129564 9512348 1235482 8551417 8276866 128543 86854 283390 214239 9064757 8707523 32302 50001 10000000 10000000 24558 24558 10056860 10074559 X -992103 -1367036 -992103 -1367036 9064757 8707523 X -374934 1 X true true X true false X X X 1 NORTHSIDE DEVELOPMENT CORPORATION 300698663 7 true 0 0 1 0 true false false false false false false false false false false false false false false true false 925032 925032 7575012 852189 6722823 691217 311048 380169 321087 72245 248842 8276866 DUE TO AFFILIATE 20391 REFUNDABLE DEPOSITS 4167 24558 127360 127360 127360 502293 502293 1 1 502294 SCHEDULE D, PAGE 4, PART XII, LINE 4B ROUNDING 1 false SPARTANBURG COUNTY FIRST STEPS 900 SOUTH PINE ST SUITE C SPARTANBURG SC 29307 571097869 501C3 25000 CASH SCHOOL READINESS 1 1 FORM 990 - ORGANIZATION'S MISSION TO ASSIST AND SUPPORT NORTHSIDE DEVELOPMENT CORPORATION, A SOUTH CAROLINA NONPROFIT CORPORATION HAVING RECEIVED A DETERMINATION OF EXEMPTION FROM FEDERAL INCOME TAXATION FROM THE INTERNAL REVENUE SERVICE IN ACCORDANCE WITH SECTION 501(C)(3) OF THE CODE ("NDC") IN FURTHERANCE OF ITS EXEMPT PURPOSES BY INTER ALIA, ACQUIRING, DEVELOPING, SELLING, DONATING, CONTRIBUTING, OWNING, OPERATING, LEASING, MANAGING, OR GRANTING RIGHTS OF ACCESS, USE OR POSSESSION, OF REAL PROPERTY AND IMPROVEMENTS THEREON IN THE AREA OF THE CITY OF SPARTANBURG, SOUTH CAROLINA (THE "CITY") COMMONLY REFERRED TO AS "NORTHSIDE," INCLUDING BUT NOT LIMITED TO, FACILITIES USED AS EARLY CHILDHOOD EDUCATIONAL FACILITIES. WITHOUT LIMITATION OF THE FOREGOING, THE PURPOSES OF NDC TO BE SUPPORTED BY ACTIVITIES OF THE CORPORATION INCLUDE (I) PURCHASING OR OTHERWISE ACQUIRING, (II) SELLING OR OTHERWISE TRANSFERRING, (III) LEASING, (IV) MANAGING AND/OR DEVELOPING OR REDEVELOPING REAL PROPERTY AND IMPROVEMENTS THEREON WITHIN THE NORTHSIDE WITH INTENTION OF INCREASING ECONOMIC DEVELOPMENT WITHIN THE CITY, INCREASING PROPERTY TAX REVENUES OF THE CITY, OR ALLEVIATING BLIGHT, DILAPIDATION, OBSOLESCENCE, DECAY OR DANGEROUS OR UNSAFE CONDITIONS IN THE CITY. FORM 990, PAGE 6, PART VI, LINE 11B THE OFFICERS REVIEW THE INFORMATION RETURN AS CONSIDERED NECESSARY. FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REASONABLE REQUEST AT THE ORGANIZATION'S OFFICES. FORM 990, PART XI, LINE 9 ROUNDING 1 NORTHSIDE DEVELOPMENT CORPORATION 698 HOWARD STREET SPARTANBURG SC 29303 300698663 DEVELOPMEN SC 501C3 7 N/A false false false false false true false false false false false false false false false false false false false false NORTHSIDE DEVELOPMENT CORPORATION C 10000000 TERMS OF NOTE NORTHSIDE DEVELOPMENT CORPORATION C 20391 COST