Totals
- Total revenue
- $1,134,767
- Total expenses
- $4,029,802
- Contributions and grants received
- $10,000
- Grants paid
- $4,020,402
- Program service revenue
- $7,006
- Investment income
- $1,117,761
- Other revenue
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $4,029,802
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,029,802
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.
-
1f · All other contributions, gifts and grants
$10,000
-
2a · Program service revenue: LOW INCOME HOUSING-MANGMNT AN
total $7,006 · related or exempt $7,006
-
3 · Investment income
total $14,017 · excluded $14,017
-
7a · Gross sales of assets other than inventory
securities $1,113,582
-
7b · Less cost or other basis and sales expenses
securities $9,838
-
7c · Gain or loss
securities $1,103,744
-
7d · Net gain or loss
total $1,103,744 · excluded $1,103,744
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,020,402 · program services $4,020,402
-
11c · Fees: accounting
total $2,925 · program services $2,925
-
11f · Fees: investment management
total $6,475 · program services $6,475
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $21,105
-
11 · Investments: publicly traded securities
beginning of year $2,912,767
-
15 · Other assets
beginning of year $248
-
25 · Other liabilities
beginning of year $86,570
-
31 · Retained earnings, endowment or other funds
beginning of year $2,847,550
Mission and programs · 2024
Mission
FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: MINORITY AND LOW-INCOME PERSONS, TO INCREASE LITERACY TO FURTHER IMPROVEMENT OF THE ENVIRONMENT AND LAND CONSERVATION, TO PROMOTE MEDICAL CARE, HEALTH AND NUTRITION AND TO PROMOTE ANY OTHER EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES EITHER WITHIN OR WITHOUT THE COMMONWEALTH OF VIRGINIA. THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT 501(C)(3) ORGANIZATIONS.
-
PROGRAM SERVICE ACCOMPLISHMENTS: SINCE ITS INCEPTION THE ORGANIZATION HAS ASSISTED IN THE COMPLETED DEVELOPMENT AND MANAGEMENT OF THREE LOW INCOME HOUSING PROJECT WITH 316 UNITS AND OVER 500 TENANTS. THE ORGANIZATION HAS BEEN DIRECTLY INVOLVED IN THE DEVELOPMENT AND MANAGEMENT OF LOW INCOME HOUSING PROJECTS AND HAS BEEN RESPONSIBLE FOR A. SPECIAL NEEDS OF LOW INCOME FAMILIES AND HOW THEIR NEEDS CAN BEST BE SERVED IN A COST-EFFECTIVE MANNER. B. COORDINATION WITH LOCAL SERVICE AGENCIES INCLUDING HOUSING AUTHORITIES, WELFARE AND SOCIAL SERVICES DEPARTMENTS, CHURCHES AND OTHER ORGANIZATIONS. C. OBTAINING INFORMATION FROM LOW INCOME HOUSING TENANTS AS TO SERVICES THAT MIGHT BE PROVIDED BY THE PROJECT. D. ORGANIZATION OF RECREATIONAL ACTIVITIES FOR CHILDREN RESIDING IN THE PROJECTS. THE ORGANIZATION HAS MADE CONTRIBUTIONS TO VARIOUS ORGANIZATIONS THAT BENEFIT SIMILAR CLASSES OF INDIVIDUALS CONSISTENT WITH THE ORGANIZATIONS PRIMARY PURPOSE
Expenses $4,029,802 · Grants $4,020,402
-
SINCE ITS INCEPTION THE ORGANIZATION HAS ASSISTED IN THE COMPLETEDPROGRAM SERVICE ACCOMPLISHMENTS:
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Harry Lee CrossHARRY LEE CROSS
PRESIDENT
- Total calculated
- $0
-
David LoveDAVID LOVE
VICE PRES.
- Total calculated
- $0
-
Wendall WallerWENDALL WALLER
SEC./TRES.
- Total calculated
- $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
-
$3,943,402
PROMOTE EDUCATION
-
$14,000
PROMOTE EDUCATION
-
$10,000
PROMOTE EDUC
-
$10,000
PROMOTE EDUCATION
-
$10,000
PROMOTE EDUCATION
-
$8,000
PROMOTE EDUC
-
$8,000
PROMOTE THE EDUCATIO
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
This return attached Schedule N but itemized no distributions.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 May 2025
- IRS schema version
- 2024v5.0
- Source object
- 202531499349301243
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