Southside Community Development And Housing Corporation
- Assets
- $9.3m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Richmond, VA
- Founding
- 06/1989
- Data as of
- 06/2021
- 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 06/2021, Southside Community Development And Housing Corporation employed 9 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 06/2021, Southside Community Development And Housing Corporation generated $4.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $5.5m during the year ending 06/2021. 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
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 711 CLIENTS HOME OWNERSHIP EDUCATION, PRE AND POST HOUSING COUNSELING, CREDIT AND FORECLOSURE PREVENTION COUNSELING. PROVIDED 22 HOMEBUYER DOWN PAYMENT AND CLOSING COST ASSISTANCE. BUILT AND SOLD 14 NEW CONSTRUCTION SINGLE FAMILY HOMES FOR LOW AND MODERATE INCOME FIRST TIME HOMEBUYERS. THE FINANCIAL OPPORTUNITY CENTER PROVIDED EMPLOYMENT, FINANCIAL LITERACY AND INCOME SUPPORT SERVICES TO 84 CLIENTS. CONTINUED TO PARTICIPATE IN THE DASP, WORK FORCE AND RENT RELIEF(RRP)PROGRAMS. CONTINUOUS CERTIFICAATION OF HUD APPROVED HOUSING COUNSELING AGENCY.AQUIRED A 10 UNIT APARTMENT BUILDING IN PETERSBURG, VA TO PROVIDE HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianna Bowser President & CEO | Trustee | 40 | $103,000 |
Twandra Lomax-Brown Chairperson | OfficerTrustee | 4 | $0 |
Caroline E Browder Treasurer | OfficerTrustee | 2 | $0 |
Corey Martin Secretary | OfficerTrustee | 2 | $0 |
Chris F Snead Director | OfficerTrustee | 2 | $0 |
Lawrence D Wilder Jr Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mda Homes Llc Construction | 6/29/21 | $0 |
Environscapes Inc Construction | 6/29/21 | $0 |
Cgn Services Llc Environmentaltestin | 6/29/21 | $0 |
Jlj Construction Llc Construction | 6/29/21 | $0 |
The Carpentry And Paint Experts Llc Construction | 6/29/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,450,770 |
| All other contributions, gifts, grants, and similar amounts not included above | $521,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,972,340 |
| Total Program Service Revenue | $2,666,336 |
| Investment income | $88,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,411 |
| 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 | $4,748,314 |
| 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. | $103,000 |
| Compensation of current officers, directors, key employees. | $10,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $281,076 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,864 |
| Payroll taxes | $32,249 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,293 |
| Fees for services: Accounting | $30,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,100 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,135 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,726 |
| Insurance | $24,956 |
| All other expenses | $30,475 |
| Total functional expenses | $5,482,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,751 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $315,421 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,171,996 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,771,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,898,492 |
| Total assets | $9,298,460 |
| Accounts payable and accrued expenses | $581,871 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $14,923 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,776,034 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $146,547 |
| Total liabilities | $2,519,375 |
| Net assets without donor restrictions | $6,779,085 |
| 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 | $9,298,460 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Southside Community Development And Housing Corporation has recieved totaling $136,254.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $101,254 |
United Way Of Greater Richmond Richmond, VA PURPOSE: DONOR DIRECT FUNDS (DESIGNATIONS) FOR GENERAL PURPOSES | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
National Lutheran Inc Frederick, MD | $5,736,572 | $7,111,650 |
Transitional Housing Corporation Washington, DC | $11,247,775 | $11,673,050 |
Virginia Supportive Housing Richmond, VA | $30,778,021 | $11,444,363 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Redwood Housing Inc North Bethesda, MD | $20,814,666 | $9,748,902 |
Housing Partnership Inc Louisville, KY | $43,644,315 | $10,025,390 |