Hampton-Newport News Community Services Board Property Company
- Assets
- $20.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Hampton, VA
- Founding
- 08/1994
- Data as of
- 06/2023
- EIN
- 54-1716751
Organization Overview
Hampton-Newport News Community Services Board Property Company is located in Hampton, VA. The organization was established in 1994. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hampton-Newport News Community Services Board Property Company 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 06/2023, Hampton-Newport News Community Services Board Property Company generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE PURPOSES OF THE HAMPTON-NEWPORT NEWS COMMUNITY SERVICES BOARD AND TO OWN REAL ESTATE FOR THE DIRECT USE OF THE ADMINISTRATION AND PROGRAMS OF THE BOARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES RELATED TO THE DIRECT USE OF THE ORGANIZATION'S PROPERTIES BY HAMPTON-NEWPORT NEWS COMMUNITY SERVICES BOARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natale Christian President | OfficerTrustee | 1 | $0 |
Raymona Barnes Secretary/tr | OfficerTrustee | 1 | $0 |
Joy Cipriano Director | Trustee | 1 | $0 |
Dr Daphne Cunningham Director | Trustee | $0 | |
Charles A Hall Director | Trustee | $0 | |
Timothy Supler Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,756,163 |
| Investment income | $2,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,758,421 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,741 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $459,709 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $752,786 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,321,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,933,142 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $212,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,570,588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $480,000 |
| Total assets | $20,196,122 |
| Accounts payable and accrued expenses | $253,849 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,430,327 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $204,748 |
| Total liabilities | $10,888,924 |
| Net assets without donor restrictions | $9,307,198 |
| 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 | $20,196,122 |