Skip to content
Nonprofiteer
← CHRISTIAN VILLAGE OF EASTERN VIRGINIA INC

Form 990 for tax year 2023

Filed by CHRISTIAN VILLAGE OF EASTERN VIRGINIA INC.

Totals

Total revenue
$354,745
Total expenses
$378,761
Contributions and grants received
$219,537
Grants paid
$0
Program service revenue
$127,624
Investment income
$2,578
Other revenue
$5,006
Total assets, end of year
$1,563,250
Total liabilities, end of year
$2,416,073
Net assets or fund balances, end of year
-$852,823
Program services expenses (Part IX)
$240,998
Management and general expenses
$137,763
Fundraising expenses
$0
Program service expenses (Part III)
$240,998

Program services were 63.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $219,537

  • 2a · Program service revenue: RENTAL INCOME

    total $127,624 · related or exempt $127,624

  • 3 · Investment income

    total $10,225 · excluded $10,225

  • 7b · Less cost or other basis and sales expenses

    other assets $7,647

  • 7c · Gain or loss

    other assets -$7,647

  • 7d · Net gain or loss

    total -$7,647 · related or exempt -$7,647

  • 11a · Other revenue: TENANT CHARGES

    total $4,206 · excluded $4,206

  • 11b · Other revenue: LAUNDRY & VENDING

    total $592 · excluded $592

  • 11c · Other revenue: OTHER REVENUE-MISC.

    total $208 · excluded $208

  • 11e · Other revenue, total

    $5,006

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $65,936 · management and general $65,936

  • 11c · Fees: accounting

    total $6,104 · management and general $6,104

  • 12 · Advertising and promotion

    total $169 · management and general $169

  • 13 · Office expenses

    total $7,644 · management and general $7,644

  • 14 · Information technology

    total $2,828 · management and general $2,828

  • 16 · Occupancy

    total $162,742 · program services $162,742

  • 17 · Travel

    total $598 · management and general $598

  • 19 · Conferences, conventions and meetings

    total $1,852 · management and general $1,852

  • 22 · Depreciation, depletion and amortization

    total $75,749 · program services $75,749

  • 23 · Insurance

    total $6,751 · management and general $6,751

  • 24a · Other expenses: MTG CO EMPLOYEE CHARGEB

    total $45,881 · management and general $45,881

  • 24b · Other expenses: BAD DEBTS

    total $2,507 · program services $2,507

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,098 · end of year $18,331

  • 4 · Accounts receivable

    beginning of year $977 · end of year $1,140

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,646 · end of year $13,698

  • 10a · Land, buildings and equipment: cost or other basis

    $2,564,455

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,302,162

  • 10c · Land, buildings and equipment, net

    beginning of year $1,297,690 · end of year $1,262,293

  • 13 · Investments: program-related

    beginning of year $248,976 · end of year $267,788

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,000 · end of year $19,104

  • 19 · Deferred revenue

    beginning of year $3,309 · end of year $3,003

  • 23 · Secured mortgages and notes payable

    beginning of year $2,376,500 · end of year $2,376,500

  • 25 · Other liabilities

    beginning of year $16,385 · end of year $17,466

  • 27 · Net assets without donor restrictions

    beginning of year -$828,807 · end of year -$852,823

Mission and programs · 2023

Mission

CHRISTIAN VILLAGE OF EASTERN VIRGINIA, INC. (A VIRGINIA NOT-FOR-PROFIT CORPORATION) (THE "CORPORATION") WAS ORGANIZED TO OWN AND OPERATE A 43-UNIT APARTMENT COMMUNITY IN NEWPORT NEWS, VIRGINIA, KNOWN AS CHRISTIAN VILLAGE OF EASTERN VIRGINIA (THE "COMMUNITY"), PURSUANT TO SECTION 202 OF THE HOUSING ACT OF 1959, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FEDERAL HOUSING ADMINISTRATION ("FHA") REGULATORY AGREEMENT GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FHA SECTION OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). THE CORPORATION LEASES APARTMENT UNITS TO LOW-INCOME ELDERLY INDIVIDUALS IN THE NORMAL COURSE OF BUSINESS. THE TERMS OF THE LEASES ARE GENERALLY ONE YEAR.

  • CHRISTIAN VILLAGE OF EASTERN VIRGINIA, INC. (A VIRGINIA NOT-FOR-PROFIT CORPORATION) (THE "CORPORATION") WAS ORGANIZED TO OWN AND OPERATE A 43-UNIT APARTMENT COMMUNITY IN NEWPORT NEWS, VIRGINIA, KNOWN AS CHRISTIAN VILLAGE OF EASTERN VIRGINIA (THE "COMMUNITY"), PURSUANT TO SECTION 202 OF THE HOUSING ACT OF 1959, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FEDERAL HOUSING ADMINISTRATION ("FHA") REGULATORY AGREEMENT GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FHA SECTION OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). THE CORPORATION LEASES APARTMENT UNITS TO LOW-INCOME ELDERLY INDIVIDUALS IN THE NORMAL COURSE OF BUSINESS. THE TERMS OF THE LEASES ARE GENERALLY ONE YEAR.

    Expenses $240,998 · Revenue $119,977

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sonny Hughes

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Lynn Barden

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Ben Gassmann

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Sherry Grubbs

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Karen Fletcher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Teressa Pearson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Christina Novak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • John Neagle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Cindy Pigg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Janet Heath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Shirley Gary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Theresa Sears

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2024
IRS schema version
2023v5.1
Source object
202402979349301400

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.