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Southern Virginia Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541678996 ✦ Emporia, VA ✦ Designated as a 501(c)(3)

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Overview

What is Southern Virginia Development Corporation?

Southern Virginia Development Corporation is a nonprofit organization situated in Emporia, Virginia. Their primary mission is to enhance the living conditions of low and middle-income residents in Greensville County. They achieve this by creating new dwelling units and improving the quality of existing residential units occupied by this demographic. The corporation's activities are geared towards bettering the lives of these citizens, aiming to contribute positively to their overall well-being in the community.

Is Southern Virginia Development Corporation legitimate?

Southern Virginia Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Virginia Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Southern Virginia Development Corporation?

The Southern Virginia Development Corporation's mission is centered around enhancing the living conditions for individuals with moderate to low income. By creating new housing units and improving the quality of existing residential units, the corporation aims to significantly uplift the living standards within this income bracket. The organization's objective is to contribute to the overall improvement of life quality for these individuals, thereby fostering a more equitable community.

Who is the CEO of Southern Virginia Development Corporation?

Robert Smith is the Chairman of Southern Virginia Development Corporation.

What is the revenue of Southern Virginia Development Corporation?

Southern Virginia Development Corporation's revenue in 2022 was $99,999.

Who are the executives of Southern Virginia Development Corporation and what are their salaries?


Here are 7 key members and their salaries:


Robert Smith (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert E Cain (Vice-Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Cifers (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Juanita Jefferson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Belinda Astrop (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Felecia Lawson-Waller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles M Veliky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Southern Virginia Development Corporation?

Southern Virginia Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Southern Virginia Development Corporation

The Southern Virginia Development Corporation, a notable entity, is committed to enhancing the living standards of low and middle-income residents in its community. Its primary mission is to elevate the quality of life for this demographic, striving to make a significant impact in their daily lives. To achieve this goal, the corporation focuses on two key areas: developing new housing units and improving the existing residential units occupied by low and middle-income citizens. By doing so, the Southern Virginia Development Corporation aims to provide a more comfortable and livable environment for this vital segment of society.

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Impact




October, 2024

Southern Virginia Development Corporation significantly enhances the quality of life for low and middle-income citizens in Greensville County by focusing on housing initiatives. The organization creates new dwelling units and improves existing residential units occupied by these communities, ensuring that families have access to safe and affordable living conditions. This dedicated effort not only addresses immediate housing needs but also fosters a sense of stability and community for residents in Emporia, VA. By prioritizing the development and enhancement of housing, the corporation contributes to the overall well-being and economic vitality of the region, ultimately leading to a more empowered and engaged citizenry.




This information is meant to be a general summary of Southern Virginia Development 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.

Revenue
$99,999 (2022)
Expenses
$66,896 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $30
  • Program Service Revenue: $33,595
  • Gross Receipts: $99,999

Assets and Liabilities:

  • Total Assets: $975,471
  • Total Liabilities: $174,052
  • Net Assets: $801,419

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM INCOME

Revenue

$31,016

LOAN REPAYMENT

Revenue

$2,579

Organization Details

Founding Year

1992

Principal Officer

Robert Smith

Main Address

1781 GREENSVILLE COUNTY CIRCLE, EMPORIA, VA, 23847

NTEE Category

Code: L25Z - Housing

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