Totals
- Total revenue
- $7,381,131
- Total expenses
- $3,661,616
- Contributions and grants received
- $7,097,058
- Grants paid
- $482,721
- Program service revenue
- $228,000
- Investment income
- $7,218
- Other revenue
- $48,855
- Total assets, end of year
- $35,711,491
- Total liabilities, end of year
- $7,802,351
- Net assets or fund balances, end of year
- $27,909,140
- Program services expenses (Part IX)
- $2,871,686
- Management and general expenses
- $631,945
- Fundraising expenses
- $157,985
- Program service expenses (Part III)
- $2,871,686
Program services were 78.4% 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.
-
1c · Fundraising events
$118,889
-
1d · Related organizations
$862,311
-
1e · Government grants (contributions)
$1,827,393
-
1f · All other contributions, gifts and grants
$4,288,465
-
1g · Noncash contributions included above
$25,332
-
2a · Program service revenue: DEVELOPMENT FEES
total $130,000 · related or exempt $130,000
-
2b · Program service revenue: ACCOUNTING AND OFFICE
total $98,000 · related or exempt $98,000
-
3 · Investment income
total $7,218 · excluded $7,218
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$118,889
-
8b · Fundraising events: direct expenses
$16,894
-
8c · Net income from fundraising events
total -$16,894 · excluded -$16,894
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: RESIDENT SERVICES
total $62,688 · related or exempt $62,688
-
11b · Other revenue: MISCELLANEOUS INCOME
total $3,061 · related or exempt $3,061
-
11e · Other revenue, total
$65,749
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $241,889 · program services $241,889
-
2 · Grants to domestic individuals
total $240,832 · program services $240,832
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,237,461 · program services $928,095 · management and general $247,492 · fundraising $61,874
-
6 · Compensation of disqualified persons
total $498,783 · program services $374,087 · management and general $99,757 · fundraising $24,939
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $86,292 · program services $64,719 · management and general $17,258 · fundraising $4,315
-
9 · Other employee benefits
total $379,518 · program services $284,639 · management and general $75,904 · fundraising $18,975
-
10 · Payroll taxes
total $115,177 · program services $86,382 · management and general $23,035 · fundraising $5,760
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $5,870 · program services $4,403 · management and general $1,174 · fundraising $293
-
11c · Fees: accounting
total $22,710 · program services $17,033 · management and general $4,542 · fundraising $1,135
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $426,836 · program services $320,128 · management and general $85,367 · fundraising $21,341
-
12 · Advertising and promotion
total $38,891 · program services $29,169 · management and general $7,778 · fundraising $1,944
-
13 · Office expenses
total $34,665 · program services $25,999 · management and general $6,933 · fundraising $1,733
-
14 · Information technology
total $18,909 · program services $14,182 · management and general $3,782 · fundraising $945
-
15 · Royalties
total $0
-
16 · Occupancy
total $196,415 · program services $147,311 · management and general $39,283 · fundraising $9,821
-
17 · Travel
total $7,710 · program services $5,783 · management and general $1,542 · fundraising $385
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $17,867 · program services $13,400 · management and general $3,573 · fundraising $894
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $27,693 · program services $20,770 · management and general $5,539 · fundraising $1,384
-
23 · Insurance
total $26,018 · program services $19,513 · management and general $5,204 · fundraising $1,301
-
24a · Other expenses: RESIDENT SERVICES
total $19,167 · program services $19,167
-
24b · Other expenses: OTHER
total $18,913 · program services $14,185 · management and general $3,782 · fundraising $946
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,957,212 · end of year $5,975,189
-
2 · Savings and temporary cash investments
beginning of year $981,333 · end of year $984,059
-
3 · Pledges and grants receivable
beginning of year $59,123 · end of year $25,000
-
4 · Accounts receivable
beginning of year $147,739 · end of year $225,358
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $19,135 · end of year $48,379
-
10a · Land, buildings and equipment: cost or other basis
$1,759,051
-
10b · Land, buildings and equipment: accumulated depreciation
$291,728
-
10c · Land, buildings and equipment, net
beginning of year $730,980 · end of year $1,467,323
-
11 · Investments: publicly traded securities
beginning of year $206,227 · end of year $234,275
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $737,157 · end of year $735,694
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $20,962,906 · end of year $26,016,214
-
17 · Accounts payable and accrued expenses
beginning of year $38,275 · end of year $98,370
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $73,278 · end of year $62,280
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $5,226,334 · end of year $7,453,333
-
25 · Other liabilities
beginning of year $0 · end of year $188,368
-
27 · Net assets without donor restrictions
beginning of year $19,213,571 · end of year $25,270,642
-
28 · Net assets with donor restrictions
beginning of year $4,250,354 · end of year $2,638,498
Mission and programs · 2022
Mission
THE BETTER HOUSING COALITION CHANGES LIVES AND TRANSFORMS COMMUNITIES THROUGH QUALITY AFFORDABLE HOUSING.
Activities or mission (Part I)
TO DEVELOP AFFORDABLE HOUSING COMMUNITIES IN THE RICHMOND, VIRGINIA METROPOLITAN AREA.
-
DEVELOPMENT AND/OR RENOVATION FOR AFFORDABLE HOUSING AND ASSISTANCE OF COMMUNITY HOUSING ORGANIZATION.
Expenses $2,871,686 · Grants $482,721 · Revenue $293,749
As filed on the 2022 return.
Listed in Part VII
-
Greta HarrisGRETA HARRIS
PRESIDENT & CEO
- Total calculated
- $355,049
- From this org
- $311,491
- From related orgs
- $0
- Other
- $43,558
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $288,367
- Bonus
- $23,124
- Other
- $0
- Deferred
- $34,147
- Nontaxable benefits
- $9,411
- Filer's total
- $355,049
-
Julie HovermaleJULIE HOVERMALE
VICE PRESIDENT & CFO
- Total calculated
- $205,669
- From this org
- $187,481
- From related orgs
- $0
- Other
- $18,188
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,705
- Bonus
- $18,776
- Other
- $0
- Deferred
- $10,584
- Nontaxable benefits
- $7,604
- Filer's total
- $205,669
-
Matt ScaparroMATT SCAPARRO
VP OF PROPERTY MANAGEMENT
- Total calculated
- $147,463
- From this org
- $126,916
- From related orgs
- $0
- Other
- $20,547
- Hours/week
- 40
-
Lee AlfordLEE ALFORD
DIRECTOR OF MULTI-FAMILY DEVEL
- Total calculated
- $126,805
- From this org
- $105,937
- From related orgs
- $0
- Other
- $20,868
- Hours/week
- 40
-
Joyce JacksonJOYCE JACKSON
VICE PRESIDENT OF SERVICES
- Total calculated
- $123,431
- From this org
- $101,447
- From related orgs
- $0
- Other
- $21,984
- Hours/week
- 40
-
Stacie BirchettSTACIE BIRCHETT
VP OF RESOURCE DEVELOP.
- Total calculated
- $114,511
- From this org
- $107,313
- From related orgs
- $0
- Other
- $7,198
- Hours/week
- 40
-
Atma IyerATMA IYER
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Todd WaldoTODD WALDO
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Veronica FlemingVERONICA FLEMING
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Carolyn RewaneCAROLYN REWANE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Patricia BradbyPATRICIA BRADBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Andrew ClarkANDREW CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David ConmyDAVID CONMY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Richard DickinsonRICHARD DICKINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert DiggsROBERT DIGGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rachel MeyerRACHEL MEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paul SheehyPAUL SHEEHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cheryl Groce-WrightCHERYL GROCE-WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lissy BryanLISSY BRYAN
PAST BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Carter McDowellCARTER MCDOWELL
CO-FOUNDER
- Total calculated
- $0
- Hours/week
- 2
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
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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)
- Form 990, SCHEDULE J, PART I, LINE 4B:
- THE PRESIDENT & CEO PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. DURING 2022 THERE WERE $12,358 IN CONTRIBUTIONS.
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
-
$237,133
SEE PART IV
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.
-
RICHMOND AFFORDABLE HOUSING INC
501(c)(3) · see part vii · VA · controlled entity
Directly controlled by BHC
-
AFFORDABLE RESIDENCES IN CHESTERFIELD
501(c)(3) · see part vii · VA · controlled entity
Directly controlled by BHC
-
AFFORDABLE RESIDENCES IN CHESTERFIELD II
501(c)(3) · see part vii · VA · controlled entity
Directly controlled by BHC
-
BHC MANAGEMENT COMPANY
501(c)(4) · see part vii · VA · controlled entity
Directly controlled by BHC
-
RICHMOND URBAN SENIOR HOUSING INC
501(c)(3) · see part vii · VA · controlled entity
Directly controlled by BHC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
MARKET SQUARE HOUSING V LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
1617-1621 GROVE AVENUE LIMITED PARTNERSH
RENTAL REALES · VA · 99.99% owned
Directly controlled by RAH INC
-
AFFORDABLE HISTORIC RESIDENCES OF RICHMO
RENTAL REALES · VA · 99.99% owned
Directly controlled by RAH INC
-
MARKET SQUARE ELDERLY HOUSING LP
RENTAL REALES · VA · 99.99% owned
Directly controlled by RAH INC
-
MRKT SQUARE ELDERLY HOUSING PHASE IILLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by RAH INC
-
MRKT SQUARE ELDERLY HOUSING PHASE III
RENTAL REALES · VA · 99.99% owned
Directly controlled by RAH INC
-
NINE MILE ROAD LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
NINE MILE ROAD LLC II
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
300 RANDOLPH PLACE LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
4101 NORTH AVENUE LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
4101 NORTH AVENUE II LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
CLAIBORNE SQUARE LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
BECKSTOFFER LOFTS LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
NORTH OAK LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
1208 NORTH 28TH ST LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
RICHMOND SCATTERED SITES EAST LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
RICHMOND SCATTERED SITES WEST LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
2230 VENABLE STREET LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
MS IV LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
CARY III
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
Cameo Street LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
Winchester Forest I LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
-
Winchester Forest II LLC
RENTAL REALES · VA · 99.99% owned
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341449349301204
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