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Nonprofiteer
← FOUNDATION REALTY

Form 990 for tax year 2023

Filed by FOUNDATION REALTY.

Totals

Total revenue
$242,572
Total expenses
$485,978
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$242,572
Other revenue
$0
Total assets, end of year
$1,754,002
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,754,002
Program services expenses (Part IX)
$485,978
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$485,978

Program services were 100.0% 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.

  • 3 · Investment income

    total $242,572 · excluded $242,572

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: FUNDS TO SUPPORTED ORG

    total $485,978 · program services $485,978

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,370 · end of year $1,002

  • 12 · Investments: other securities

    beginning of year $1,753,000 · end of year $1,753,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,862,370 · end of year $1,754,002

Mission and programs · 2023

Mission

TO ACCEPT AND CONVERT CONTRIBUTIONS OF REAL PROPERTY TO OTHER INVESTMENT ASSETS FOR THE BENEFIT OF THE SUPPORTED ORGANIZATION'S CHARITABLE PURPOSE.

  • TO ACCEPT AND CONVERT CONTRIBUTIONS OF REAL PROPERTY TO OTHER INVESTMENT ASSETS FOR THE BENEFIT OF THE SUPPORTED ORGANIZATION'S CHARITABLE PURPOSE.

    Expenses $485,978

As filed on the 2023 return.

Listed in Part VII

  • Frank Batten Jr

    DIRECTOR & VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Ld Britt MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dawn S Glynn

    DIRECTOR & TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas R Frantz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Miles Leon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Deborah M Dicroce

    PRESIDENT, SECRETARY & CEO

    Total calculated
    $369,570
    From this org
    $0
    From related orgs
    $349,091
    Other
    $20,479
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,091 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,479 related
    Filer's total
    $0 + $369,570 related

  • Howard P Kern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sharon S Goodwyn

    DIRECTOR & CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Suzanne Puryear

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lemuel E Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Cynthia C Romero MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rony Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • James A Squires

    DIRECTOR & PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Joan P Brock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Hon Jerrauld D Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John O Wynne Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Richard Matthews

    CFO

    Total calculated
    $216,817
    From this org
    $0
    From related orgs
    $195,546
    Other
    $21,271
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,546 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,271 related
    Filer's total
    $0 + $216,817 related

  • Kay A Stine

    VICE PRESIDENT OF DEVELOPM

    Total calculated
    $161,280
    From this org
    $0
    From related orgs
    $151,421
    Other
    $9,859
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,421 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,859 related
    Filer's total
    $0 + $161,280 related

  • Linda M Rice

    VICE PRESIDENT OF GRANT MA

    Total calculated
    $219,502
    From this org
    $0
    From related orgs
    $206,436
    Other
    $13,066
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,436 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,066 related
    Filer's total
    $0 + $219,502 related

  • Robin Foreman-Wheeler

    VICE PRESIDENT FOR ADMINIS

    Total calculated
    $167,627
    From this org
    $0
    From related orgs
    $148,913
    Other
    $18,714
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,913 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,714 related
    Filer's total
    $0 + $167,627 related

  • Vivian M Oden

    VICE PRESIDENT FOR EQUITY AND DIVERSITY

    Total calculated
    $151,997
    From this org
    $0
    From related orgs
    $135,197
    Other
    $16,800
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,197 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $16,800 related
    Filer's total
    $0 + $151,997 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART II:
THE ABOVE ARE EMPLOYED BY HAMPTON ROADS COMMUNITY FOUNDATION, THE ORGANIZATION SUPPORTED BY FOUNDATION REALTY. THE INDIVIDUALS SERVE BOTH ENTITIES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
27 September 2024
IRS schema version
2023v5.1
Source object
202442719349301864

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

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