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← HOUSING CAPITAL CORPORATION OF VIRGINIA

Form 990 for tax year 2023

Filed by HOUSING CAPITAL CORPORATION OF VIRGINIA.

Totals

Total revenue
$1,253,075
Total expenses
$1,706,249
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,233,186
Investment income
$19,889
Other revenue
$0
Total assets, end of year
$1,346,104
Total liabilities, end of year
$79,959
Net assets or fund balances, end of year
$1,266,145
Program services expenses (Part IX)
$1,626,918
Management and general expenses
$79,331
Fundraising expenses
$0
Program service expenses (Part III)
$1,626,918

Program services were 95.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Robert L Newman

    President

    Total calculated
    $284,972
    From this org
    $0
    From related orgs
    $232,781
    Other
    $52,191
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $0 + $239,781 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,000 related
    Nontaxable benefits
    $0 + $28,191 related
    Filer's total
    $0 + $291,972 related

  • Chris Sterling

    Vice-President

    Total calculated
    $204,167
    From this org
    $0
    From related orgs
    $163,555
    Other
    $40,612
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $0 + $163,555 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,200 related
    Nontaxable benefits
    $0 + $23,412 related
    Filer's total
    $0 + $204,167 related

  • Bernard Rogers

    Secretary

    Total calculated
    $170,847
    From this org
    $0
    From related orgs
    $131,356
    Other
    $39,491
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $0 + $131,356 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,319 related
    Nontaxable benefits
    $0 + $26,172 related
    Filer's total
    $0 + $170,847 related

  • Russell V Parrish

    Treasurer

    Total calculated
    $184,707
    From this org
    $0
    From related orgs
    $139,170
    Other
    $45,537
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $0 + $139,170 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,900 related
    Nontaxable benefits
    $0 + $30,637 related
    Filer's total
    $0 + $184,707 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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349309918

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