Second Calvery Development Corporat

EIN: 421647318 501(c)(3) Human Services

Norfolk, VA

Total Revenue
$348,754
Total Expenses
$241,254
Total Assets
$1,070,399
Net Assets
$1,070,399
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
VA
Phone
7575728011
Tax Period
2024-01-01 to 2024-12-31

Second Calvery Development Corporat, founded in 2021, is a small nonprofit in the Human Services sector that reported $349K in total revenue in fiscal year 2024. The organization ran a surplus of $108K, a strong 31% operating margin.

Mission

To provide affordable housing for citizens in underserved communities who otherwise could not afford housing

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $348,754
TOTAL REVENUE $348,754

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $241,254
Other Expenses $241,254
TOTAL EXPENSES $241,254

Year-over-Year Comparison

2024 2023 Change
Revenue $348,754 N/A N/A
Expenses $241,254 N/A N/A
Net Income $107,500 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Phillip Brooks President 0.00
Officer
$0 $0 $0
Cora Bridgers treasurer 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $348,754 $241,254 $1,070,399 $107,500
2023 No data No data No data No data
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