SOUTHSIDE COMMUNITY DEVELOPMENT AN… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

DIANNA BOWSER

Phone

8042314449

Tax Period

2024-07-01 to 2025-06-30

SOUTHSIDE COMMUNITY DEVELOPMENT AND HOUSING CORPORATION, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $5.6M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $2.2M, a strong 40% operating margin.

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.

Program Service Accomplishments

Program 1

Expenses: $2,599,565

Provided 817 clients home ownership education, pre and post housing counseling, credit counseling, rental and foreclosure prevention counseling.Provided 40 homebuyers down payment and closing cost...

Provided 817 clients home ownership education, pre and post housing counseling, credit counseling, rental and foreclosure prevention counseling.Provided 40 homebuyers down payment and closing cost assistance. Started new construction on 4 single family homes for low and moderate income first time homebuyers in Emporia, VA The Financial Opportunity Center provided Employment, Financial Literacy, Income support and Digital services to 172 clients, Acquired and renovated commercial space to operate SCDHC Homeownership Center in Emporia, VA and to provide outreach and comprehensive counseling and coaching services.Started construction on a multi-family apartment building containing 12 one bedroom units to be leased to incomes under 60% AMI in Petersburg, VA

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,361,224

Program Service Revenue $-176,012

Investment Income $0

Other Revenue $1,373,914

TOTAL REVENUE $5,559,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $890,973

Fundraising Expenses $0

Program Expenses $2,599,565

Other Expenses $2,466,958

TOTAL EXPENSES $3,357,931

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,559,126	$6,502,554	-0.1%
Expenses	$3,357,931	$6,105,608	-0.5%
Net Income	$2,201,195	$396,946	+4.5%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORETTA WILLIAMSON	Director	2.00	Director	$0	$0	$0
TWANDRA LOMAX-BROWN	Chairperson	4.00	Officer Director	$0	$0	$0
CAROLINE E BROWDER	Treasurer	2.00	Officer Director	$0	$0	$0
DR SHAWNWELL BLACKWELL	Director	2.00	Director	$0	$0	$0
CHRIS SNEAD	Director	2.00	Officer Director	$0	$0	$0
COREY MARTIN	Secretary	2.00	Officer Director	$0	$0	$0
LAWRENCE D WILDER JR	Vice Chair	2.00	Officer Director	$0	$0	$0
WILLIE FOBBS III	Director	2.00	Director	$0	$0	$0
DAVID J WHITE JR	Director	2.00	Director	$0	$0	$0
DIANNA BOWSER	President & CEO	40.00	Director	$0	$0	$0
ANTIONE GREEN	Director	2.00	Director	$0	$0	$0
CLEARANCE SAILOR	Director	2.00	Director	$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
2025	$5,559,126	$3,357,931	$15,474,832	$2,201,195
2024	No data	No data	No data	No data
2024	$6,502,554	$6,105,608	$12,492,801	$396,946
2023	$2,622,291	$2,348,895	$13,339,943	$273,396
2022	$4,453,510	$5,410,560	$10,938,625	$-957,050
2022	$4,453,510	$5,410,560	$10,938,625	$-957,050
2021	$4,748,314	$5,482,803	$9,298,460	$-734,489
2020	$4,270,430	$3,995,936	$9,925,143	$274,494
2019	$4,123,515	$3,540,744	$10,391,667	$582,771
2018	$5,401,567	$5,171,548	$9,960,106	$230,019

SOUTHSIDE COMMUNITY DEVELOPMENT AND HOUSING CORPORATION