Overview
What is Southside Community Development And Housing Corporation?
Southside Community Development and Housing Corporation is a long-standing, nonprofit organization based in Richmond, Virginia. Established in March 1988, their goal is to foster sustainable and flourishing communities using a comprehensive approach. They provide various services and programs, such as home ownership education, housing counseling, credit counseling, rental and foreclosure prevention assistance, and construction of low-income homes for first-time buyers. The organization also runs an Employment, Financial Literacy, Income support, and Digital services center, assisting 479 clients. Additionally, they offer rental assistance to 71 clients and conduct outreach activities to help 1,900 clients apply for the Rent Relief Emergency Program. Overall, Southside Community Development and Housing Corporation is dedicated to improving the lives of individuals and families in Central Virginia through its residential and commercial development initiatives and supportive resources.
Official website here: www.scdhc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, earning a Two-Star out of Four Star rating.
The Southside Community Development and Housing Corporation has received a 74% rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization has a strong independent board with 90% of its members being independent, it lacks comprehensive financial statements, which has significantly impacted its overall score.
The nonprofit excels in program expense management, allocating 90.31% of its expenses directly to programs, demonstrating a commitment to its mission. Additionally, it has implemented essential policies such as conflict of interest and document retention, which contribute to its governance structure. However, the absence of a whistleblower policy raises concerns about transparency and accountability practices.
Overall, while the organization shows a strong commitment to its programs and has a well-structured governance framework, it must address its financial documentation issues to enhance its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Southside Community Development And Housing Corporation legitimate?
Southside Community Development And Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southside Community Development And Housing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $168,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $722,734
For more financial information, click here
Official website here: www.scdhc.com
What is the mission statement of Southside Community Development And Housing Corporation?
Southside Community Development and Housing Corporation, established in March 1988, is a nonprofit organization with a tax-exempt status. Its mission is to foster sustainable and thriving communities using a holistic approach. The corporation aims to accomplish this by delivering high-quality residential and commercial development, along with essential supportive resources, services, and programs in the Central Virginia region.
Official website here: www.scdhc.com
Who is the CEO of Southside Community Development And Housing Corporation?
Dianna Bowser is the President & Ceo of Southside Community Development And Housing Corporation. The CEO's salary of Southside Community Development And Housing Corporation is $168,000 and their total compensation is $168,000.
Official website here: www.scdhc.com
What is the revenue of Southside Community Development And Housing Corporation?
Southside Community Development And Housing Corporation's revenue in 2022 was $4,453,510.
Official website here: www.scdhc.com
Who are the executives of Southside Community Development And Housing Corporation and what are their salaries?
The average compensation at Southside Community Development And Housing Corporation during 2022 was $34,259. There are 26 employees at Southside Community Development And Housing Corporation.
Here are 11 key members and their salaries (Southside Community Development And Housing Corporation's CEO's salary is $168,000 and their total compensation is $168,000):
- Compensation: $168,000
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.scdhc.com
Where can I find the form 990 for Southside Community Development And Housing Corporation?
Southside Community Development And Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scdhc.com
Learn more at the official website: www.scdhc.com
Mission Statement of Southside Community Development And Housing Corporation
Southside Community Development and Housing Corporation, established in March 1988, is a nonprofit organization with a tax-exempt status. Its mission, in a holistic approach, is to foster the creation of sustainable, thriving, and viable communities. This mission is accomplished by providing high-quality residential and commercial development, as well as supportive resources, services, and programs. The corporation's purpose extends beyond just real estate development, aiming to contribute positively to communities throughout the Central Virginia region.
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Impact
July, 2024
Southside Community Development And Housing Corporation has made a significant impact in the Central Virginia region by providing crucial services to the community. They have assisted 448 clients with home ownership education, pre and post housing counseling, credit counseling, rental and foreclosure prevention counseling. Additionally, they have supported 18 homebuyers with down payment and closing cost assistance and have built and sold 8 new construction single-family homes for low and moderate-income first-time homebuyers. Their Financial Opportunity Center has provided employment, financial literacy, income support, and digital services to 479 clients, while also offering rental assistance to 71 clients. Through outreach and engagement activities, SCDHC has helped 1,900 clients submit applications for the Rent Relief Emergency Program, showcasing their commitment to creating viable, thriving, and sustainable communities in the region.
This information is meant to be a general summary of Southside Community Development And Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $49
- Program Service Revenue: $1,748,119
- Gross Receipts: $4,506,323
Assets and Liabilities:
- Total Assets: $10,938,625
- Total Liabilities: $5,116,590
- Net Assets: $5,822,035
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DASP Program
Revenue
$188,119
Sale of housing units
Revenue
$1,560,000
Organization Details
Founding Year
1988
Phone
(804) 231-4449Principal Officer
Dianna Bowser
Main Address
1624 HULL STREET, RICHMOND, VA, 23224
Website
www.scdhc.comNTEE Category
Code: L20Z - Housing
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