Southside Outreach Group Inc
- Assets
- $3.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 8
- Location
- South Boston, VA
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 54-1805314
Organization Overview
Southside Outreach Group Inc is located in South Boston, VA. The organization was established in 1997. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Southside Outreach Group Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southside Outreach Group Inc 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 12/2021, Southside Outreach Group Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST LOW-INCOME PERSONS IN OBTAINING HOUSING, JOBS, AND BUSINESSES. THIS IS DONE BY PROMOTING AWARENESS OF HUMAN NEEDS IN THE COMMUNITY, PROVIDING ADEQUATE HOUSING, AND BY PROVIDING TECHNICAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Howerton Executive Director | Officer | 40 | $54,805 |
Earlene Powell Finance Director | Officer | 40 | $46,684 |
Wayne Tucker Vice President | OfficerTrustee | 3 | $0 |
Lucinda Williams Treasurer | OfficerTrustee | 3 | $0 |
Detra Carr Secretary | OfficerTrustee | 3 | $0 |
Chris Ward President | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Divine Builders Of Amelia Construction | 12/30/21 | $203,150 |
D & B Construction Construction | 12/30/21 | $107,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,030,955 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,034,755 |
| Total Program Service Revenue | $423,220 |
| Investment income | $671 |
| 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 | $1,458,646 |
| 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 | $252,932 |
| 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 | $0 |
| 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 | $9,669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,340 |
| Insurance | $6,568 |
| All other expenses | $29,285 |
| Total functional expenses | $1,083,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,309,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $202,255 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $520,272 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $458,250 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $602,259 |
| Total assets | $3,092,581 |
| Accounts payable and accrued expenses | $28,280 |
| 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 | $127,705 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $159,973 |
| Total liabilities | $315,958 |
| Net assets without donor restrictions | $1,783,432 |
| Net assets with donor restrictions | $993,191 |
| 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 | $3,092,581 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southside Outreach Group Inc has recieved totaling $14,025.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $14,025 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elderhomes Corp Richmond, VA | $14,660,799 | $21,894,456 |
Rebuilding Together Inc Washington, DC | $7,727,299 | $12,350,549 |
Mountain Housing Opportunities Inc Asheville, NC | $35,342,140 | $6,111,464 |
Rebuilding Together Of The Triangle Morrisville, NC | $784,092 | $2,781,755 |
Rebuilding Together Dc Alexandria Washington, DC | $1,513,391 | $2,291,650 |
Community Housing Solutions Of Guilford Inc Greensboro, NC | $1,617,584 | $1,424,464 |
Southside Outreach Group Inc South Boston, VA | $3,092,581 | $1,458,646 |
Rebuilding Together Of Greater Charlotte Inc Charlotte, NC | $993,357 | $1,359,244 |
Carolina Cross Connection Inc Gastonia, NC | $16,829 | $797,254 |
Black Women Build - Baltimore Baltimore, MD | $1,287,969 | $914,692 |
Rebuilding Together Of Richmond Richmond, VA | $314,205 | $833,981 |
Mountain Outreach Program Inc Williamsburg, KY | $1,168,702 | $1,057,977 |