Southside Community Development and Housing Corporation
Nonprofit profile at a glance
- EIN
- 541480544
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Richmond, VA, USA
- Phone
- 8042314449
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $7,545,338
- Expenses
- $5,934,786
- Assets
- $15,855,406
- Liabilities
- $7,894,700
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- DIANNA BOWSER (President & CEO)
Highest reported compensation
- DIANNA BOWSER (President & CEO): $163,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
Provided 1,371 clients home ownership education, pre and post purchase housing counseling, credit counseling, rental, and foreclosure prevention counseling. Provided 34 homebuyers down payment and closing cost assistance. Completed new construction of 9 single family homes for low and moderate-income first-time homebuyers in Emporia and Richmond, Virginia The Financial Opportunity Center provided Employment, Financial Literacy, Income support and Digital services to 259 clients.Launched the Eviction Diversion Program to assist residents with household income below or at 80% AMI and living in the City of Richmond to avoid eviction.Continued construction on a new mult-family apartment building containing 12 one-bedroom units to be leased to incomes under 60% AMI in Petersburg, VA.Provided 1,371 clients home ownership education, pre and post purchase housing counseling, credit counseling, rental, and foreclosure prevention counseling.Provided 34 homebuyers down payment and closing cost assistance. Completed new construction of 9 single family homes for low and moderate-income first-time homebuyers in Emporia and Richmond, Virginia The Financial Opportunity Center provided Employment, Financial Literacy, Income support and Digital services to 259 clients.Launched the Eviction Diversion Program to assist residents with household income below or at 80% AMI and living in the City of Richmond to avoid eviction.Continued construction on a new mult-family apartment building containing 12 one-bedroom units to be leased to incomes under 60% AMI in Petersburg, VA.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 65
- Accountability: 75
- Sustainability: 68
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.7%; rating input score 72
- Program expense ratio: 91.2%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.9%; rating input score 93; 23rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 21.3%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 2.67; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 2.7%; rating input score 71; 71st percentile among comparable filings
Growth
- Program expense growth: -1% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: 0.9% per year; rating input score 100; 15th percentile among comparable filings
- Asset growth: 2.6% per year; rating input score 100; 22nd percentile among comparable filings
Details
- Where the money goes: 71.7% of revenue deployed · 91.2% of spending went to programs
- Governance: 13 of 14 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $5.4M in reported program spending
- Leadership: top reported pay $163K · 14 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed
- Consistency: 25 of 25 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.