Fchc Virginia Community Development Corporation

990 • Fiscal year 2022 • EIN 52-1253695

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

Organization Profile WWW.FCHCCDC.ORG

330-b South Virgina Ave Ste 2Falls Church, VA 22046

(703) 241-5402

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.93x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

4.48x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

-13%

Higher net margin than 17% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

$715,142

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 44.9% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

-4.2%

Faster asset growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

2.5%

Faster revenue growth than 46% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet

Liabilities / Assets92nd percentile

Assets

Down

$7,630,224

Down $336,354 (-4.2%) from 2021

Net Assets

Down

$498,086

Down $200,103 (-29%) from 2021

Liabilities

Down

$7,132,138

Down $136,251 (-1.9%) from 2021

Revenue And Expenses

Liabilities / Revenue94th percentile Net Margin17th percentile

Revenue

$1,593,003

Up $38,494 (+2.5%) from 2021

Expenses

$1,793,181

Up $44,028 (+2.5%) from 2021

Net Income

Down

-$200,178

Down $5,534 (-2.8%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2022

Assets$7,630,224

Liabilities$7,132,138

Net Assets$498,086

Open 2022 Filing

Operations Trend

Revenue Growth46th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2022

Revenue$1,593,003

Expenses$1,793,181

Net Income-$200,178

Open 2022 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2022 to Dec 31, 2022
Signed: Nov 14, 2023
Return Version: 2022v5.0
Gross Receipts: $1,593,003

Mission and Program Overview

Mission

To expand and improve housing opportunities for low and moderate income housings in northern virginia and to assist the residents of northern virginia and its environs in utilizing all available resources to meet their housing needs.

To preserve and create more affordable rental housing and provide predevelopment funding.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$3,649,266	$3,519,171	▼ $130,095
Other Notes and Loans Receivable, Net	$39,839	$1,887,846	▲ $1,848,007
Cash and Non-Interest-Bearing Accounts	$3,951,672	$1,857,591	▼ $2,094,081
Savings and Temporary Cash Investments	$299,198	$334,302	▲ $35,104
Prepaid Expenses and Deferred Charges	$19,230	$25,605	▲ $6,375
Accounts Receivable	$7,373	$5,709	▼ $1,664
Total Assets	$7,966,578	$7,630,224	▼ $336,354
Liabilities
Mortgage Notes Payable Secured by Investment Property	$7,002,464	$6,883,735	▼ $118,729
Accounts Payable and Accrued Expenses	$109,326	$143,533	▲ $34,207
Escrow Account Liability	$50,564	$53,805	▲ $3,241
Other Liabilities	$106,035	$51,065	▼ $54,970
Total Liabilities	$7,268,389	$7,132,138	▼ $136,251
Net Assets / Fund Balance
Net Assets Without Donor Restrictions	$698,189	$498,086	▼ $200,103
Total Net Assets Fund Balance	$698,189	$498,086	▼ $200,103
Total Liabilities and Net Assets / Fund Balance	$7,966,578	$7,630,224	▼ $336,354

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$1,866,202	$3,170,183	$5,036,385
Land	$1,652,969	-	$1,652,969

Compensation and Service Providers

Top Officer Pay97th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Thomas G Vaccaro	COO and Secretary	FT	$141,079	$135,960	$277,039

Board Members and Trustees

Name	Title
Richard F Burns	President
Carlos Gonzales	Senior Vice President
Dong Bui	Vice President
Eric Price	Vice President
Joseph P Wiedorfer	Vice President
Stephen M Green	Vice President
Alla Eleon	Treasurer and CAO

Revenue and Support

Revenue Composition

Contributions and Grants: $982,455
Program Service Revenue: $610,146
Investment Income: $402
Other Revenue: $0
Change in Net Assets: $-200,178

Audited Revenue Reconciliation

Revenue per Audited Statements: $1,593,003
Revenue Not Reported on Financial Statements: $0
Revenue Not Reported on Form 990: $75
Total Revenue per Audited Statements: $1,593,078
Total Revenue per Form 990: $1,593,003

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$1,184,848
Salaries, Compensation, and Employee Benefits	$598,333
Grants and Similar Amounts Paid	$10,000
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Interest	$335,696	-	-	$335,696
Comp Disqual Persons	$254,182	-	-	$254,182
Current Officers, Directors, Trustees, and Key Employees	$241,060	-	-	$241,060
Occupancy	$141,065	-	-	$141,065
Depreciation Depletion	$130,095	-	-	$130,095
Payments to Affiliates	$10,000	$65,000	-	$75,000
Other Salaries and Wages	$70,962	-	-	$70,962
Insurance	$59,157	-	-	$59,157
Fees for Services Management	-	$52,341	-	$52,341
Payroll Taxes	$32,129	-	-	$32,129
Office Expenses	-	$28,545	-	$28,545
Fees for Services Accounting	-	$23,587	-	$23,587
Grants to Domestic Orgs	$10,000	-	-	$10,000
Other Expenses	$3,562	$320	-	$3,882
Travel	-	$1,681	-	$1,681
Fees for Services Legal	-	$945	-	$945
Advertising	-	$750	-	$750
All Other Expenses	$381	$59	-	$440
Total Functional Expenses	$1,619,953	$173,228	$0	$1,793,181

Audited Expense Reconciliation

Line Item	Amount
Expenses per Audited Statements	$1,793,181
Total Expenses per Audited Statements	$1,793,181
Total Expenses per Form 990	$1,793,181
Expenses Not Reported on Financial Statements	$0
Expenses Not Reported on Form 990	$0

International Activity

Grant and Assistance Recipients

Recipient	Location	Category	Purpose	Amount
City of Falls Church	Falls Church, VA	115	Housing Intern to Support Overall Housing Activities in the City of Falls Church.	$10,000

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
Act Affordable Housing Inc	Washington, DC	Affordable Housing	501(c)(3)	Line 12a, I	No
Asmara Affordable Housing Inc	Washington, DC	Affordable Housing	501(c)(3)	Line 12a, I	No
CORNERSTONEST LUKE'S INC	New York, NY	Affordable Housing	501(c)(3)	Line 10	No
Cherry Affordable Housing Inc	Washington, DC	Affordable Housing	501(c)(3)	Line 12a, I	No
Chp Cove Inc	Washington, DC	Affordable Housing	501(c)(3)	Line 10	No
Cornerstonebayview Inc	Washington, DC	Affordable Housing	501(c)(3)	Line 10	No
Forest Park Affordable Housing Inc	Washington, DC	Affordable Housing	501(c)(3)	Line 12a, I	No
Foxwood Affordable Housing Inc	Washington, DC	Affordable Housing	501(c)(3)	Line 12a, I	No
Interstate I Affordable Housing Inc	Washington, DC	Affordable Housing	501(c)(3)	Line 12a, I	No
Jamestown Affordable Housing Inc	Washington, DC	Affordable Housing	501(c)(3)	Line 12a, I	No
Miliken Affordable Housing Inc	Washington, DC	Affordable Housing	501(c)(3)	Line 12a, I	No
Ndfs Inc	New York, NY	Affordable Housing	501(c)(3)	Line 12a, I	No
Nhpf Affordable Housing Inc	Washington, DC	Affordable Housing	501(c)(3)	Line 12a, I	No
Nhpf Shore Hill Housing Development Fund Corporation	Washington, DC	Affordable Housing	501(c)(3)	PF	No
Nhpf-harbor Hill Housing Development Fund Corporation	Washington, DC	Affordable Housing	501(c)(3)	PF	No
Nhpf-sunset Gardens Housing Development Fund Corporation	Washington, DC	Affordable Housing	501(c)(3)	PF	No
Operation Pathways Inc	Washington, DC	Provision of Resident Services Programming	501(c)(3)	Line 7	No
Orange Affordable Housing Inc	Washington, DC	Affordable Housing	501(c)(3)	Line 12a, I	No
PRINCE GEORGE'S AFFORDABLE HOUSING INC	Washington, DC	Affordable Housing	501(c)(3)	Line 12a, I	No
Plaza Borinquen 88 Housing Development Fund Company Inc	Washington, DC	Affordable Housing	501(c)(3)	Line 12a, I	No
The Nhp Foundation	New York, NY	Affordable Housing	501(c)(3)	Line 10	No
Walnut Affordable Housing Inc	Washington, DC	Affordable Housing	501(c)(3)	Line 12a, I	No

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
1255 Npo Owner LLC	Washington, DC	Affordable Housing	-	-	-	No
1300 Npo Owner LLC	Washington, DC	Affordable Housing	-	-	-	No
17 Mississippi Managing Member LLC	New York, NY	Affordable Housing	-	-	-	No
17 Mississippi Owner LLC	New York, NY	Affordable Housing	-	-	-	No
250 Lp Pepper Tree Manor Lp	Washington, DC	Affordable Housing	-	-	-	No
Alabama Ave Affordable Housing Lp	Washington, DC	Affordable Housing	-	-	-	No
Anacostia Gardens Owner LLC	New York, NY	Affordable Housing	-	-	-	No
Bayview Preservation Partners Limited Partnership	Washington, DC	Affordable Housing	-	-	-	No
Benning Heights Investor LLC	Washington, DC	Affordable Housing	-	-	-	No
Berry Manor Apartments Lp	New York, NY	Affordable Housing	-	-	-	No
Berry Manor Owner Lp	Washington, DC	Affordable Housing	-	-	-	No
Blue Mountain Owner LLC	New York, NY	Affordable Housing	-	-	-	No
Bolton North Lp	Washington, DC	Affordable Housing	-	-	-	No
Cardinal Ridge Gp Llp	New York, NY	Affordable Housing	-	-	-	No
Cardinal Ridge Investors LLC	New York, NY	Affordable Housing	-	-	-	No
Center City Managing Member LLC	Washington, DC	Affordable Housing	-	-	-	No
Cha Jv LLC	Washington, DC	Affordable Housing	-	-	-	No
Cha LLC	Washington, DC	Affordable Housing	-	-	-	No
Chcdc Affordable Elderly LLC	Washington, DC	Affordable Housing	-	-	-	No
Cleme Manor Holdings LLC	Washington, DC	Affordable Housing	-	-	-	No
Columbia Apartments Lp	Washington, DC	Affordable Housing	-	-	-	No
Columbia Heights Village Apartments Lp	Washington, DC	Affordable Housing	-	-	-	No
Covent Apartments LLC	New York, NY	Affordable Housing	-	-	-	No
Exchange Place Preservation Partners LLC	Washington, DC	Affordable Housing	-	-	-	No
Foxwood Preservation Partners Lp	Washington, DC	Affordable Housing	-	-	-	No
Harvest Homes Apartments Lp	Washington, DC	Affordable Housing	-	-	-	No
Heritage Noland Associates Lp (cardinal Ridge)	New York, NY	Affordable Housing	-	-	-	No
Hollander Ridge Investor LLC	Washington, DC	Affordable Housing	-	-	-	No
Hollybush Preservation Partners Lp	Washington, DC	Affordable Housing	-	-	-	No
Irvine Turner Managing Member LLC	Washington, DC	Affordable Housing	-	-	-	No
Lot 13 Owner LLC (strand New China Cafe)	Washington, DC	Affordable Housing	-	-	-	No
Magnificat Permanent Affordable LLC	New York, NY	Affordable Housing	-	-	-	No
Mark Twain Nhpf LLC	Washington, DC	Affordable Housing	-	-	-	No
Nannie Helen Manager LLC	Washington, DC	Affordable Housing	-	-	-	No
Nannie Helen Owner LLC	Washington, DC	Affordable Housing	-	-	-	No
New Alexander House LLC	New York, NY	Affordable Housing	-	-	-	No
New Center City Apartments Urban Renewal LLC	New York, NY	Affordable Housing	-	-	-	No
New Irvine Turner Apartments Urban Renewal LLC	New York, NY	Affordable Housing	-	-	-	No
New Overlook Owner Lp	New York, NY	Affordable Housing	-	-	-	No
New Sunset Bay	Riviera Beach, FL	Affordable Housing	-	-	-	No
Orange Preservation Partners Lp	Washington, DC	Affordable Housing	-	-	-	No
Plaza Borinquen 88 Owner Ii Lp	Washington, DC	Affordable Housing	-	-	-	No
Plaza Borinquen 88 Owner Lp	Washington, DC	Affordable Housing	-	-	-	No
Preservation Housing Ii LLC	Washington, DC	Affordable Housing	-	-	-	No
Preservation Housing Iv LLC	Washington, DC	Affordable Housing	-	-	-	No
Princess Anne Owner Lp	Washington, DC	Affordable Housing	-	-	-	No
Ridgecrest Phase 1 Owner	New York, NY	Affordable Housing	-	-	-	No
SHIP'S COVE PRESERVATION PARTNERS LIMITED PARTNERSHIP	Washington, DC	Affordable Housing	-	-	-	No
ST LUKE'S MASTER TENANT LLC	Washington, DC	Affordable Housing	-	-	-	No
ST LUKE'S PRESERVATION PARTNERS LP	Washington, DC	Affordable Housing	-	-	-	No
Takoma Place Sm LLC	Washington, DC	Affordable Housing	-	-	-	No
Temenos Permanent Affordable LLC	Washington, DC	Affordable Housing	-	-	-	No
Wade Road Investor LLC	Washington, DC	Affordable Housing	-	-	-	No
Woodmont Crossing Investor LLC	Washington, DC	Affordable Housing	-	-	-	No
Workforce Affordable Housing Fund I LLC	Washington, DC	Affordable Housing	-	-	-	No

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
Falls Church Winter Hill LLC	Falls Church, VA	Owns and Operates an 83-unit Rental Housing Project	$130,846	$4,156,776	Fchc Virginia Community Development Company
Winter Hill Member LLC	New York, NY	Affordable Housing	-	-	Fchc Virginia Community Development Company

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Due to Affiliates	$51,065

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Annual disclosure for covered persons: Yes
Audit committee: No
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: Yes
Other officer compensation reviewed: No
Conflict-of-interest policy: Yes
Audited financial statements prepared: Yes
Key decisions subject to board approval: Yes
Management duties delegated: No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The corporation is a membership organization with two classes of members; however, only one class of members (class b) have voting rights.”

Form 990, Part VI, Section A, Line 7A

“The class b member has full voting power with respect to appointment, election and removal of the directors of the corporation.”

Form 990, Part VI, Section A, Line 7B

“The class b member has the right to approve any amendments within the corporation's by-laws and other rights permitted or required under the laws of the commonwealth of virginia.”

Form 990, Part VI, Section B, Line 11B

“The draft tax return is reviewed by the executive director and treasurer or another officer who jointly recommend filing to the governing body (board of directors) during an official business meeting prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The corporation's conflicts of interest policy requires each director, officer and/or senior management to disclose his/her knowledge and understanding of the policy which includes the duty of the director, officer, and/or senior management to disclose to the boards of directors any actual or potential conflicts of interest. The board of directors (excluding any member which is party to the conflict) is responsible for reviewing the potential conflict and making the determination if an actual conflict of interest exists. Individuals with a conflict of interest shall be precluded from voting on any matters associated with the arrangement or transaction involving such conflict.”

Form 990, Part VI, Section B, Line 15A

“Board approval is required for determination of executive compensation. Salary is determined during an annual review based on salary surveys and individual performance.”

Form 990, Part VI, Section C, Line 19

“The annual report is available online and the other documents are made available upon request.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Richard f. Burns - 122 east 42nd street, ste 4900, new york, ny 10168. Thomas g. Vaccaro - 122 east 42nd street, ste 4900, new york, ny 10168. Joseph p. Wiedorfer - 122 east 42nd street, ste 4900, new york, ny 10168. Stephen m. Green - 122 east 42nd street, ste 4900, new york, ny 10168. Alla eleon - 122 east 42nd street, ste 4900, new york, ny 10168. Carlos gonzales - 122 east 42nd street, ste 4900, new york, ny 10168. Eric price - 122 east 42nd street, ste 4900, new york, ny 10168.”

Filing and Contact Details

Filer

Filer Name: Fchc Virginia Community Development
EIN: 52-1253695
Phone: 7032415402
Address: 330-B SOUTH VIRGINA AVE STE 2, FALLS CHURCH, VA 22046

Signing Officer

Name: Alla Eleon
Title: Chief Accounting Officer
Phone: 6463364936
Signed: 2023-11-14
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Alla Eleon
Formed: 1981
Legal Domicile: Va
Voting Board Members: 3
Independent Board Members: 1
Employees: 1
Volunteers: 0

Preparer

Firm: Novogradac & Company Llp
Address: 2033 N MAIN ST SUITE 400, WALNUT CREEK, CA 94596
Preparer: J Paul Charron
Phone: 9259494300

Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“Virginia rent escrow law requires the corporation to maintain a separate account for deposits paid by the residents, and to credit the deposits annually with interest at .0075% below the current federal rate. The amount of $53,805 on the accompanying balance sheet represents funds deposited in a savings account with a balance which is at least equal to the tenants' security deposit. Tenant security deposits are held in a federally insured bank.”

PART X, LINE 2:

“The corporation is exempt from income taxes under section 501(c)(3) of the internal revenue code, except for unrelated business income as defined in the code. The corporation did not have any unrelated business income during the year ended december 31, 2022. Accordingly, no provisions for income taxes have been included in the accompanying consolidated financial statements. Falls church winter hill, llc and winter hill member, llc are related limited liability companies. No provision or benefit for income taxes for these limited liability companies have been included in the consolidated financial statements since taxable income or loss pass through to members in their individual capacity. The corporation has adopted fasb asc 740, income taxes, which clarified the accounting for uncertainty in income taxes. Based on its evaluation, the corporation has concluded that there are no significant uncertain tax positions requiring recognition in the consolidated financial statements. No interest or penalties have been recorded as a result of tax uncertainties.”

Raw XML AppendixShowing 400 of 1,920 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/Form990PartVIISectionAGrp/TitleTxt	4	VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt	7	VICE PRESIDENT
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt	0	10000
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IRS990/InterestGrp/ProgramServicesAmt	0	335696
IRS990/InterestGrp/TotalAmt	0	335696
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	3757
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	3	1960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	4	1175
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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt	0	402014
IRS990/ProgSrvcAccomActy2Grp/GrantAmt	0	10000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt	0	106990
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IRS990/PYBenefitsPaidToMembersAmt	0	0
IRS990/PYContributionsGrantsAmt	0	35777
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IRS990/PYInvestmentIncomeAmt	0	107
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IRS990/PYTotalExpensesAmt	0	1749153
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IRS990/PYTotalRevenueAmt	0	1554509
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IRS990/RelatedEntityInd	0	1
IRS990/RelatedOrganizationCtrlEntInd	0	0
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt	0	299198
IRS990/SavingsAndTempCashInvstGrp/EOYAmt	0	334302
IRS990ScheduleA/FactsAndCircumstancesTestTxt	0	THE ORGANIZATION MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC, COMMUNITY, MEMBERSHIP GROUP INVOLVED, GOVERNMENTAL UNITS AND OTHER PUBLIC CHARITIES. THE ORGANIZATION IS DEDICATED TO EXPANDING AND IMPROVING OPPORTUNITIES FOR LOW- AND MODERATE-INCOME HOUSEHOLDS IN THE WASHINGTON METRO AREA, INCLUDING PROVIDING LOANS FOR THE PRE-DEVELOPMENT AND ACQUISITION OF AFFORDABLE HOUSING PROPERTIES. THE ORGANIZATION IS GOVERNED BY AN INDEPENDENT BOARD OF DIRECTORS THAT HAS THE AUTHORITY TO ENSURE THAT THE ORGANIZATION'S ACTIVITIES ARE CONSISTENT WITH ITS CHARITABLE PURPOSE. THE ORGANIZATION IS NOT CONTROLLED BY A PRIVATE INDIVIDUAL OR FOR-PROFIT ENTITY.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	36488
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt	0	39511
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	148463
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	122547
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	436795
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.71970
IRS990ScheduleA/PublicSupportPY170Pct	0	0.32340
IRS990ScheduleA/PublicSupportTotal170Amt	0	1121279
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	982455
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	35777
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	64835
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	36488
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	1724
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	1121279
IRS990ScheduleA/TotalSupportAmt	0	1558074
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
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IRS990/ScheduleBRequiredInd	0	1
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IRS990ScheduleD/ExpensesSubtotalAmt	0	1793181
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IRS990ScheduleD/FootnoteTextInd	0	X
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IRS990ScheduleD/NetUnrealizedGainsInvstAmt	0	75
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	51065
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	DUE TO AFFILIATES
IRS990ScheduleD/RevenueNotReportedAmt	0	75
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt	0	0
IRS990ScheduleD/RevenueSubtotalAmt	0	1593003
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	0	VIRGINIA RENT ESCROW LAW REQUIRES THE CORPORATION TO MAINTAIN A SEPARATE ACCOUNT FOR DEPOSITS PAID BY THE RESIDENTS, AND TO CREDIT THE DEPOSITS ANNUALLY WITH INTEREST AT .0075% BELOW THE CURRENT FEDERAL RATE. THE AMOUNT OF $53,805 ON THE ACCOMPANYING BALANCE SHEET REPRESENTS FUNDS DEPOSITED IN A SAVINGS ACCOUNT WITH A BALANCE WHICH IS AT LEAST EQUAL TO THE TENANTS' SECURITY DEPOSIT. TENANT SECURITY DEPOSITS ARE HELD IN A FEDERALLY INSURED BANK.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	1	THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR UNRELATED BUSINESS INCOME AS DEFINED IN THE CODE. THE CORPORATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME DURING THE YEAR ENDED DECEMBER 31, 2022. ACCORDINGLY, NO PROVISIONS FOR INCOME TAXES HAVE BEEN INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. FALLS CHURCH WINTER HILL, LLC AND WINTER HILL MEMBER, LLC ARE RELATED LIMITED LIABILITY COMPANIES. NO PROVISION OR BENEFIT FOR INCOME TAXES FOR THESE LIMITED LIABILITY COMPANIES HAVE BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS SINCE TAXABLE INCOME OR LOSS PASS THROUGH TO MEMBERS IN THEIR INDIVIDUAL CAPACITY. THE CORPORATION HAS ADOPTED FASB ASC 740, INCOME TAXES, WHICH CLARIFIED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. BASED ON ITS EVALUATION, THE CORPORATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES HAVE BEEN RECORDED AS A RESULT OF TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	0	PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	1	PART X, LINE 2:
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IRS990ScheduleI/GrantRecordsMaintainedInd	0	1
IRS990ScheduleI/RecipientTable/CashGrantAmt	0	10000
IRS990ScheduleI/RecipientTable/IRCSectionDesc	0	115
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt	0	0
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt	0	HOUSING INTERN TO SUPPORT OVERALL HOUSING ACTIVITIES IN THE CITY OF FALLS CHURCH.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt	0	CITY OF FALLS CHURCH
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt	0	300 PARK AVENUE
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IRS990ScheduleJ/CompensationSurveyInd	0	X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt	4	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt	5	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt	6	141079
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount	2	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount	3	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount	4	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount	5	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount	6	75000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt	0	225000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt	1	160000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt	2	100000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt	3	50000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt	4	90000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt	5	75000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt	6	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	0	473152
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	1	292781
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	2	296590

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $7,630,224
Liabilities: $7,132,138
Net assets: $498,086
Revenue: $1,593,003
Expenses: $1,793,181
Net income: -$200,178

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$7.40	$6.85	$0.55	$1.74	$1.80	$0.06
2023Summary only. Only limited summary data is available for this year.	$7.60	$6.99	$0.61	$1.88	$1.77	$0.11
2022Detailed filing. Detailed filing data is available for this year.	$7.63	$7.13	$0.50	$1.59	$1.79	$0.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.	$7.97	$7.27	$0.70	$1.55	$1.75	$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$8.31	$7.42	$0.89	$1.52	$1.58	$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$8.34	$7.39	$0.95	$1.53	$1.78	$0.25
2018Summary only. Only limited summary data is available for this year.	$9.03	$7.83	$1.20	$1.46	$1.87	$0.41
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.	$8.51	$6.90	$1.61	$1.95	$1.64	$0.31
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$7.98	$6.68	$1.30	$1.54	$1.62	$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$8.15	$6.77	$1.38	$1.39	$1.47	$0.08
2014Summary only. Only limited summary data is available for this year.	$8.41	$6.95	$1.46	$1.41	$1.42	$0.02
2013Detailed filing. Detailed filing data is available for this year.	$8.55	$7.07	$1.48	$1.48	$3.03	$1.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$7.50	$5.69	$1.81		$1.38
2011Summary only. Only limited summary data is available for this year.	$10.1	$6.81	$3.26	$1.35	$1.53	$0.18