Southside Community Development And Housing Corporation
- Assets
- $10.9m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 26
- Location
- Richmond, VA
- Founding
- 06/1989
- Data as of
- 06/2022
- EIN
- 54-1480544
Organization Overview
Southside Community Development And Housing Corporation is located in Richmond, VA. The organization was established in 1989. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Southside Community Development And Housing Corporation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southside Community Development And Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Southside Community Development And Housing Corporation generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $5.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOUTHSIDE COMMUNITY DEVELOPMENT AND HOUSING CORPORATION IS A NONPROFIT, TAX-EXEMPT ORGANIZATION ESTABLISHED IN MARCH 1988. SCDHC'S MISSION IS TO USE A HOLISTIC APPROACH TO CREATE VIABLE, THRIVING, AND SUSTAINABLE COMMUNITIES. OUR PURPOSE IS TO PROVIDE QUALITY RESIDENTIAL AND COMMERCIAL DEVELOPMENT, SUPPORTIVE RESOURCES, SERVICES AND PROGRAMS THROUGHOUT THE CENTRAL VIRGINIA REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 448 CLIENTS HOME OWNERSHIP EDUCATION, PRE AND POST HOUSING COUNSELING, CREDIT COUNSELING, RENTAL AND FORECLOSURE PREVENTION COUNSELING.PROVIDED 18 HOMEBUYERS DOWN PAYMENT AND CLOSING COST ASSISTANCE. BUILT AND SOLD 8 NEW CONSTRUCTION SINGLE FAMILY HOMES FOR LOW AND MODERATE INCOME FIRST TIME HOMEBUYERS.THE FINANCIAL OPPORTUNITY CENTER PROVIDED EMPLOYMENT, FINANCIAL LITERACY, INCOME SUPPORT AND DIGITAL SERVICES TO 479 CLIENTS, RENTAL ASSISTANCE PROVIDED TO 71 CLIENTS.PROVIDED OUTREACH AND ENGAGEMENT ACTIVITIES THAT ASSISTED 1,900 CLIENTS TO SUBMIT APPLICATIONS FOR THE RENT RELIEF EMERGENCY PROGRAM.
PROVIDED 448 CLIENTS HOME OWNERSHIP EDUCATION, PRE AND POST HOUSING COUNSELING, CREDIT COUNSELING, RENTAL AND FORECLOSURE PREVENTION COUNSELING.PROVIDED 18 HOMEBUYERS DOWN PAYMENT AND CLOSING COST ASSISTANCE. BUILT AND SOLD 8 NEW CONSTRUCTION SINGLE FAMILY HOMES FOR LOW AND MODERATE INCOME FIRST TIME HOMEBUYERS.THE FINANCIAL OPPORTUNITY CENTER PROVIDED EMPLOYMENT, FINANCIAL LITERACY, INCOME SUPPORT AND DIGITAL SERVICES TO 479 CLIENTS, RENTAL ASSISTANCE PROVIDED TO 71 CLIENTS.PROVIDED OUTREACH AND ENGAGEMENT ACTIVITIES THAT ASSISTED 1,900 CLIENTS TO SUBMIT APPLICATIONS FOR THE RENT RELIEF EMERGENCY PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianna Bowser President & CEO | Trustee | 40 | $168,000 |
Twandra Lomax-Brown Chairperson | OfficerTrustee | 4 | $0 |
Caroline E Browder Treasurer | OfficerTrustee | 2 | $0 |
Randy Cooper Director | Trustee | 2 | $0 |
Chris F Snead Director | OfficerTrustee | 2 | $0 |
Corey Martin Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mda Homes Llc Construction | 6/29/22 | $0 |
Jlj Construction Llc Construction | 6/29/22 | $0 |
Environscapes Inc Construction | 6/29/22 | $0 |
The Carpentry And Paint Experts Llc Construction | 6/29/22 | $0 |
Environscapes Inc Construction | 6/29/22 | $0 |
Mda Homes Llc Construction | 6/29/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,917,960 |
| All other contributions, gifts, grants, and similar amounts not included above | $463,370 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,381,330 |
| Total Program Service Revenue | $1,748,119 |
| Investment income | $49 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $322,407 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,453,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,000 |
| Compensation of current officers, directors, key employees. | $20,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $722,734 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,730 |
| Payroll taxes | $83,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,066 |
| Fees for services: Accounting | $43,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,600 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $75,277 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,265 |
| Insurance | $42,102 |
| All other expenses | $42,327 |
| Total functional expenses | $5,410,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $745,801 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $377,011 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,626,667 |
| Prepaid expenses and deferred charges | $13,579 |
| Net Land, buildings, and equipment | $5,183,390 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $992,177 |
| Total assets | $10,938,625 |
| Accounts payable and accrued expenses | $134,725 |
| Grants payable | $0 |
| Deferred revenue | $10,521 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $38,176 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,927,168 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,000 |
| Total liabilities | $5,116,590 |
| Net assets without donor restrictions | $5,822,035 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,938,625 |