Fiscal year ending 2019. Filed on July 14, 2020.
1408 Gregg Street
Columbia, South Carolina 29201
Sandstone Apartments Inc. (EIN: 31-1483371) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2019 IRS Form 990 filing, Sandstone Apartments Inc., a 501(c)(3) charitable organization, reported compensation for 5 employees. Among the employees shown here, the average compensation is $59,916. The highest compensated employee at Sandstone Apartments Inc. is Julie Ann Avin with fiscal year 2019 compensation of $143,402.
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Expenses
Employee compensation
THE PROJECT WAS ESTABLISHED AS A NON-PROFIT CORPORATION PURSUANT TO THE LAWS AND REGULATIONS OF THE STATE OF SOUTH CAROLINA FOR THE PURPOSE OF CONSTRUCTING, OWNING AND OPERATING A 20-UNIT APARTMENT PROJECT FOR LOW-INCOME INDIVIDUALS WITH DISABILITIES LOCATED IN COLUMBIA, SOUTH CAROLINA. THE PROJECT IS OPERATED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT ALSO HAS A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD. THE PROJECT IS OPERATED BY MENTAL ILLNESS RECOVERY CENTER, INC. (MIRCI), A NONPROFIT CORPORATION THAT PROVIDES SOCIAL REHABILITATION FOR INDIVIDUALS IN THE COLUMBIA AREA WHO HAVE MENTAL ILLNESS AND/OR EMOTIONAL PROBLEMS AND IS RELATED BY COMMON CONTROL AND MANAGEMENT.
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