Form 990 for tax year 2022
Filed by SOUTHSIDE COMMUNITY DEVELOPMENT AND HOUSING CORPORATION.
Totals
- Total revenue
- $2,622,291
- Total expenses
- $2,348,895
- Contributions and grants received
- $1,685,991
- Grants paid
- $0
- Program service revenue
- -$54,582
- Investment income
- -$11,959
- Other revenue
- $1,002,841
- Total assets, end of year
- $13,339,943
- Total liabilities, end of year
- $7,241,400
- Net assets or fund balances, end of year
- $6,098,543
- Program services expenses (Part IX)
- $1,963,876
- Management and general expenses
- $385,019
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,963,876
Program services were 83.6% 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)
$1,685,991
-
2a · Program service revenue: DASP Program
total $36,630 · related or exempt $36,630
-
2b · Program service revenue: Sale of housing units
total -$91,212 · related or exempt -$91,212
-
3 · Investment income
total $705 · related or exempt $705
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $973,300
-
6c · Rental income or loss
real property $973,300
-
6d · Net rental income or loss
total $973,300 · excluded $973,300
-
7b · Less cost or other basis and sales expenses
other assets $12,664
-
7c · Gain or loss
other assets -$12,664
-
7d · Net gain or loss
total -$12,664 · related or exempt -$12,664
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Credit Report Income
-
11b · Other revenue: Other Income
total $29,541 · related or exempt $29,541
-
11e · Other revenue, total
$29,541
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
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 $169,792 · program services $156,209 · management and general $13,583
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $751,350 · program services $688,825 · management and general $62,525
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $8,315 · program services $7,401 · management and general $914
-
10 · Payroll taxes
total $66,776 · program services $60,181 · management and general $6,595
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $1,848 · program services $1,478 · management and general $370
-
11c · Fees: accounting
total $42,460 · program services $33,968 · management and general $8,492
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $27,457 · program services $21,966 · management and general $5,491
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $27,026 · program services $27,026
-
17 · Travel
total $26,086 · program services $26,086
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $204,333 · program services $140,576 · management and general $63,757
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $306,770 · program services $251,335 · management and general $55,435
-
23 · Insurance
total $36,937 · program services $12,559 · management and general $24,378
-
24a · Other expenses: Other Admin. Expenses
total $204,418 · program services $128,534 · management and general $75,884
-
24b · Other expenses: Program Expenses
total $163,658 · program services $163,658
-
24c · Other expenses: Repairs & Maintenance
total $145,373 · program services $94,303 · management and general $51,070
-
24d · Other expenses: Telephone & Utilities
total $75,562 · program services $72,637 · management and general $2,925
-
24e · All other expenses
total $90,734 · program services $77,134 · management and general $13,600
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $745,801 · end of year $2,097,476
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $377,011 · end of year $355,759
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $3,626,667 · end of year $4,801,766
-
9 · Prepaid expenses and deferred charges
beginning of year $13,579 · end of year $13,579
-
10a · Land, buildings and equipment: cost or other basis
$10,713,995
-
10b · Land, buildings and equipment: accumulated depreciation
$5,634,809
-
10c · Land, buildings and equipment, net
beginning of year $5,183,390 · end of year $5,079,186
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $992,177 · end of year $992,177
-
17 · Accounts payable and accrued expenses
beginning of year $134,725 · end of year $255,168
-
19 · Deferred revenue
beginning of year $10,521 · end of year $10,521
-
21 · Escrow or custodial account liability
beginning of year $38,176 · end of year $42,033
-
23 · Secured mortgages and notes payable
beginning of year $4,927,168 · end of year $6,933,678
-
25 · Other liabilities
beginning of year $6,000
-
27 · Net assets without donor restrictions
beginning of year $5,822,035 · end of year $6,098,543
Mission and programs · 2022
Mission
Southside Community Development and Housing Corporation is a nonprofit, tax-exempt organization established in March 1988. SCDHC's mission is to use a holistic approach to create viable, thriving, and sustainable communities. Our purpose is to provide quality residential and commercial development, supportive resources, services and programs throughout the Central Virginia region.
-
Provided 532 clients home ownership education, pre and post housing counseling, credit counseling, rental and foreclosure prevention counseling.Provided 10 homebuyers down payment and closing cost assistance. Built and sold 5 new construction single family homes for low and moderate income first time homebuyers.The Financial Opportunity Center provided Employment, Financial Literacy, Income support and Digital services to 227 clients, Opened SCDHC Homeownership Centers in Petersburg and Emporia, VA to provide outreach and comprehensive counseling and coaching services.
Expenses $1,963,876
As filed on the 2022 return.
Listed in Part VII
-
DIANNA BOWSER
President & CEO
- Total calculated
- $169,792
- From this org
- $169,792
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $169,792
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $169,792
-
TWANDRA LOMAX-BROWN
Chairperson
- Total calculated
- $0
- Hours/week
- 4
-
CAROLINE E BROWDER
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
RANDY COOPER
Director
- Total calculated
- $0
- Hours/week
- 2
-
CHRIS SNEAD
Director
- Total calculated
- $0
- Hours/week
- 2
-
COREY MARTIN
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
LAWRENCE D WILDER JR
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
WILLIE FOBBS III
Director
- Total calculated
- $0
- Hours/week
- 2
-
DAVID J WHITE JR
Director
- Total calculated
- $0
- Hours/week
- 2
-
ANTIONE GREEN
Director
- Total calculated
- $0
- Hours/week
- 2
-
ANTHONY L WEEKLY
Director
- 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
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411369349316806
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.