Civic Intelligence

Second Calvery Development Corporat

EIN 42-1647318 • 501(c)3 • Norfolk, VA

Profile

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

2940 Corprew AveNorfolk, VA 23510
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

81st percentile

31%

Higher net margin than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

61st percentile

7.8%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

29%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$1,070,399

Up $77,654 (+7.8%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$1,070,399

Up $77,654 (+7.8%) from 2023

Operations
Liabilities / Revenue20th percentileNet Margin81st percentile

Revenue

Up

$348,754

Up $78,512 (+29%) from 2023

Expenses

Up

$241,254

Up $858 (+0.4%) from 2023

Net Income

Up

$107,500

Up $77,654 (+260%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth61st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2023: $992,745Liabilities 2023: $0Net Assets 2023: $992,7452023Assets 2024: $1,070,399Liabilities 2024: $0Net Assets 2024: $1,070,3992024

Highlighted filing

2024

Assets$1,070,399
Liabilities$0
Net Assets$1,070,399
Open 2024 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0Revenue 2023: $270,242Expenses 2023: $240,396Net Income 2023: $29,8462023Revenue 2024: $348,754Expenses 2024: $241,254Net Income 2024: $107,5002024

Highlighted filing

2024

Revenue$348,754
Expenses$241,254
Net Income$107,500
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,070,399
Liabilities
$0
Net assets
$1,070,399
Revenue
$348,754
Expenses
$241,254
Net income
$107,500
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.35$0.24$0.11
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.00$0.99$0.27$0.24$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Dec 1, 2025
Return Version
2024v5.2
Gross Receipts
$348,754
Mission and Program Overview

Mission

to provide affordable housing to the under served community

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$962,899-
Intangible Assets-$99,435-
Cash and Non-Interest-Bearing Accounts-$8,065-
Total Assets$0$1,070,399▲ $1,070,399
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$1,070,399-
Total Net Assets Fund Balance$0$1,070,399▲ $1,070,399
Total Liabilities and Net Assets / Fund Balance$0$1,070,399▲ $1,070,399

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$962,899-$962,899
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Phillip BrooksPresident
Cora Bridgerstreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$348,754
Change in Net Assets
$107,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$241,254
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$241,254--$241,254
Total Functional Expenses$241,254$0$0$241,254
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“the governing body reviewed 990 befpre submitting”

Governing documents etc available to public Part VI line 19

“documents are available to general public by request”

Filing and Contact Details

Filer

Filer Name
Second Calvery Development Corporat
EIN
42-1647318
In Care Of
% Phillip Brooks
Phone
7575728011
Address
2940 Corprew Ave, Norfolk, VA 23510

Signing Officer

Name
Phillip Brooks
Title
president
Phone
7575728011
Signed
2025-12-01
Discuss with paid preparer
No

Organization Details

Formed
2021
Legal Domicile
Va
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Brittons Accounting and Tax Servic
Address
2723 Airline Blvd, Portsmouth, VA 23701
Preparer
Kimberly J Britton
Phone
7574055585
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“changes were made to net assets”

Raw XML Appendix237 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/IRPDocumentCnt00
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IRS990/MethodOfAccountingCashInd0X
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/RentalIncomeOrLossGrp/RealAmt0348754
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/Filer/BusinessNameControlTxt0SECO
ReturnHeader/Filer/EIN0421647318
ReturnHeader/Filer/InCareOfNm0% Phillip Brooks
ReturnHeader/Filer/PhoneNum07575728011
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ReturnHeader/ReturnTs02025-12-01T18:44:38-05:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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