Civic Intelligence

Virginia Supportive Housing

990 • Fiscal year 2014 • EIN 54-1444564

Jan 01, 2014 to Dec 31, 2014 • Filed on May 01, 2015

PO Box 8585Richmond, VA 23226

(804) 788-6825

Siviq Scores

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

Liabilities / Assets

25th percentile

0.05x

Higher debt load relative to assets than 25% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

36th percentile

0.14x

Higher debt load relative to revenue than 36% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

33rd percentile

-0.3%

Higher net margin than 33% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

30th percentile

$118,514

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

45th percentile

2.1%

Faster asset growth than 45% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

17th percentile

-9.8%

Faster revenue growth than 17% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$20,844,936

Up $437,155 (+2.1%) from 2013

Net Assets

Down

$19,742,817

Down $81,520 (-0.4%) from 2013

Liabilities

Up

$1,102,119

Up $518,675 (+89%) from 2013

Revenue

Down

$7,806,084

Down $849,726 (-9.8%) from 2013

Expenses

Up

$7,832,023

Up $1,533,514 (+24%) from 2013

Net Income

Down

-$25,939

Down $2,383,240 (-101%) from 2013

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $14,955,005Liabilities 2011: $620,987Net Assets 2011: $14,334,0182011Assets 2012: $17,988,566Liabilities 2012: $478,123Net Assets 2012: $17,510,4432012Assets 2013: $20,407,781Liabilities 2013: $583,444Net Assets 2013: $19,824,3372013Assets 2014: $20,844,936Liabilities 2014: $1,102,119Net Assets 2014: $19,742,8172014Assets 2015: $21,719,865Liabilities 2015: $1,383,733Net Assets 2015: $20,336,1322015Assets 2016: $23,739,476Liabilities 2016: $2,393,541Net Assets 2016: $21,345,9352016Assets 2017: $28,252,465Liabilities 2017: $2,959,916Net Assets 2017: $25,292,5492017Assets 2018: $29,123,181Liabilities 2018: $3,113,054Net Assets 2018: $26,010,1272018Assets 2019: $29,519,147Liabilities 2019: $3,567,094Net Assets 2019: $25,952,0532019Assets 2020: $30,087,390Liabilities 2020: $3,557,950Net Assets 2020: $26,529,4402020Assets 2021: $30,778,021Liabilities 2021: $3,919,191Net Assets 2021: $26,858,8302021Assets 2022: $35,534,461Liabilities 2022: $3,972,043Net Assets 2022: $31,562,4182022Assets 2023: $39,489,794Liabilities 2023: $5,417,170Net Assets 2023: $34,072,6242023Assets 2024: $41,669,628Liabilities 2024: $7,743,679Net Assets 2024: $33,925,9492024

Highlighted filing

2014

Assets$20,844,936
Liabilities$1,102,119
Net Assets$19,742,817

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $6,060,339Expenses 2011: $4,535,841Net Income 2011: $1,524,4982011Expenses 2012: $5,493,7842012Revenue 2013: $8,655,810Expenses 2013: $6,298,509Net Income 2013: $2,357,3012013Revenue 2014: $7,806,084Expenses 2014: $7,832,023Net Income 2014: -$25,9392014Revenue 2015: $8,748,815Expenses 2015: $8,155,500Net Income 2015: $593,3152015Revenue 2016: $9,061,033Expenses 2016: $8,051,230Net Income 2016: $1,009,8032016Revenue 2017: $11,794,775Expenses 2017: $7,848,161Net Income 2017: $3,946,6142017Revenue 2018: $10,133,007Expenses 2018: $8,425,846Net Income 2018: $1,707,1612018Revenue 2019: $9,585,951Expenses 2019: $9,644,025Net Income 2019: -$58,0742019Revenue 2020: $13,782,106Expenses 2020: $13,204,719Net Income 2020: $577,3872020Revenue 2021: $11,444,363Expenses 2021: $11,114,973Net Income 2021: $329,3902021Revenue 2022: $16,410,294Expenses 2022: $11,758,280Net Income 2022: $4,652,0142022Revenue 2023: $14,118,838Expenses 2023: $11,505,882Net Income 2023: $2,612,9562023Revenue 2024: $12,599,822Expenses 2024: $12,664,361Net Income 2024: -$64,5392024

Highlighted filing

2014

Revenue$7,806,084
Expenses$7,832,023
Net Income-$25,939
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 1, 2015
Return Version
2014v5.0
Gross Receipts
$7,806,084
Mission and Program Overview

Mission

We end homelessness by providing

We end homelessness by providing permanent housing and supportive services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$230,748$500,663▲ $269,915
Cash and Non-Interest-Bearing Accounts$499,162$312,547▼ $186,615
Land, Buildings, and Equipment, Net$211,760$165,534▼ $46,226
Accounts Receivable$107,095$78,805▼ $28,290
Prepaid Expenses and Deferred Charges$12,487$55,621▲ $43,134
Total Assets$20,407,781$20,844,936▲ $437,155
Other Assets Total$19,346,529$19,731,766▲ $385,237
Liabilities
Other Liabilities$337,120$818,167▲ $481,047
Accounts Payable and Accrued Expenses$246,324$283,952▲ $37,628
Total Liabilities$583,444$1,102,119▲ $518,675
Net Assets / Fund Balance
Unrestricted Net Assets$19,700,885$19,645,130▼ $55,755
Permanently Rstr Net Assets-$64,632-
Temporarily Rstr Net Assets$123,452$33,055▼ $90,397
Total Net Assets Fund Balance$19,824,337$19,742,817▼ $81,520
Total Liabilities and Net Assets / Fund Balance$20,407,781$20,844,936▲ $437,155

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$165,534$551,732$717,266
Other Assets Org$6,553,706--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014-$64,632--$64,632
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Allison BogdanovicExecutive DirectorFT$105,000$13,514$118,514
Revenue and Support

Revenue Composition

Contributions and Grants
$6,890,588
Program Service Revenue
$753,549
Investment Income
$161,947
Other Revenue
$0
All Other Contributions
$1,352,373
Change in Net Assets
$-25,939
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,133,078
Salaries, Compensation, and Employee Benefits$3,698,945
Total Fundraising Expense$486,275
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,211,965$405,083$313,705$2,930,753
Other Expenses$2,885,459$0$0$2,885,459
Other Employee Benefits$367,167$27,577$40,574$435,318
Payroll Taxes$172,870$29,092$25,912$227,874
Travel$157,354$12,934$11,009$181,297
Occupancy$148,264$6,601$7,547$162,412
Office Expenses$72,110$20,143$17,011$109,264
Current Officers, Directors, Trustees, and Key Employees$79,481$14,381$11,138$105,000
Insurance$74,729$4,985$3,820$83,534
Depreciation Depletion$0$78,188$0$78,188
Conferences and Meetings$12,606$5,322$4,324$22,252
Advertising$7,457$2,846$10,360$20,663
Interest$493$17,758$0$18,251
Total Functional Expenses$6,372,163$973,585$486,275$7,832,023
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due To Affiliates$540,004
Line Of Credit$156,518
Other Liabilities$121,645
Accrued Compensated Absences-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Virginia Supportive Housing
EIN
54-1444564
Phone
8047886825
Address
PO BOX 8585, RICHMOND, VA 23226

Signing Officer

Name
Allison Bogdanovic
Title
Executive Director
Phone
8047886825
Signed
2015-05-01
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
Va
Voting Board Members
19
Independent Board Members
19
Employees
155
Volunteers
1,000

Preparer

Firm
Dooley & Vicars
Address
21 S SHEPPARD ST, RICHMOND, VA 23221
Preparer
Thomas E Turnercpa
Phone
8043552808
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

990 is completed by an independent CPA firm after the

Pt VI, Line 11B

audit is completed, reviewed, and approved by the

Pt VI, Line 11B

Finance Committee.

Pt VI, Line 12C

Board members sign a conflict of interest statement annually.

Pt VI, Line 15A

For the Executive Director, the Executive Committee

Pt VI, Line 15A

provides an annual performance review based on goals outlined

Pt VI, Line 15A

in that years' work plan, obtains comparable salary

Pt VI, Line 15A

surveys, other 990 compensation information for comparable

Pt VI, Line 15A

nonprofits in this area, then agrees on a salary increase.

Pt VI, Line 15A

All other compensation is approved by the Executive Director (ED)

Pt VI, Line 15A

and Finance Committee (through the budget process) using

Pt VI, Line 15A

the same process used by the Executive Committee for the ED.

Pt VI, Line 15B

Please see explanation for 15a.

Pt III, Line 2

Norfolk Housing First served 62 clients, providing chronically homeless

Pt VI, Line 19

The organizations governing documents, conflict of interest policy and financial statements are made available upon request.

Form 990EZ, Part II, Line 24

Grants receivable - net other receivables prepaids investments due from new clay house limited partnership due from south richmond sro ltd partnership other receivable due from aids projects due from find due from first homes

Form 990EZ, Part II, Line 26

Accounts payable & accrued expenses

Form 990, Part III, Line 4D

Various other housing programs for indiviuals in need of supportive 1159788. 0. 1056866.

Form 990, Part IX, Line 24F

Other expenses cost allocation tenant activities utilities interest marketing printing telephone real estate tax meals and travel general administrative

Financial Statement Notes

Pt V, Line 4

In honor of its former Executive Director, Virginia Supportive Housing ("VSH" or the "Agency") established an endowment fund and at December 31, 2014 had approximately $64,500 being held in a savings account. The Agency has decided to invest these funds with The Community Fund Serving Richmond and Central Virginia. Initially, VSH intends to grow the endowment by re-investing any earnings.

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IRS990/Desc0PERMANENT SUPPORTIVE HOUSING: VIRGINIA SUPPORTIVE HOUSING ("VSH" OR THE "AGENCY") OWNS, OPERATES AND MANAGES EIGHTEEN RESIDENTIAL PROPERTIES IN CENTRAL AND EASTERN VIRGINIA. THESE BUILDINGS CONTAIN 463 UNITS AND ARE RENTED TO EITHER QUALIFYING, LOW-INCOME INDIVIDUALS OR PERSONS WHO HAVE PREVIOUSLY BEEN HOMELESS. TO MEET THE NEEDS OF ITS RESIDENTS, THE AGENCY EMPLOYS A SUPPORT STAFF OF 18 PEOPLE. THE SOCIAL WORKERS AND CASE MANAGEMENT STAFF PROVIDE THE CARE AND SUPPORT TO FOSTER STABILITY, WELLNESS, RECOVERY AND INDEPENDENCE OF THE RESIDENTS. DURING 2014, A TOTAL OF 413 FORMERLY HOMELESS INDIVIDUALS WERE HOUSED AND SERVED IN THE PROPERTIES OWNED BY VSH. IN 2014, MORE THAN 95% OF THE CLIENTS SERVED BY THE PERMANENT SUPPORTIVE HOUSING PROGRAM DID NOT RETURN TO HOMELESSNESS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
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IRS990/OtherExpensesGrp/Desc0Telephone and Internet
IRS990/OtherExpensesGrp/Desc1Other Operating And Allocations
IRS990/OtherExpensesGrp/Desc2Professional Services
IRS990/OtherExpensesGrp/Desc3Tenant Activities
IRS990/OtherExpensesGrp/FundraisingAmt0538
IRS990/OtherExpensesGrp/FundraisingAmt137207
IRS990/OtherExpensesGrp/FundraisingAmt23130
IRS990/OtherExpensesGrp/FundraisingAmt30
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt184699
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2251842
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
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IRS990/OtherExpensesGrp/ProgramServicesAmt170717
IRS990/OtherExpensesGrp/ProgramServicesAmt243236
IRS990/OtherExpensesGrp/ProgramServicesAmt32885459
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IRS990/OtherExpensesGrp/TotalAmt1192623
IRS990/OtherExpensesGrp/TotalAmt2298208
IRS990/OtherExpensesGrp/TotalAmt32885459
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0313705
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0405083
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02211965
IRS990/OtherSalariesAndWagesGrp/TotalAmt02930753
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt025912
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029092
IRS990/PayrollTaxesGrp/ProgramServicesAmt0172870
IRS990/PayrollTaxesGrp/TotalAmt0227874
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt064632
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0230748
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012487
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt055621
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Allison Bogdanovic
IRS990/PriorPeriodAdjustmentsAmt0-55581
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
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IRS990/ProgramServiceRevenueGrp/Desc1Gain (Loss) on House Sales
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01403231
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1-649682
IRS990/ProgSrvcAccomActy2Grp/Desc0SCATTERED SITE PROGRAMS: VSH IS THE RECIPIENT OF GRANTS FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"), AS WELL AS THE DEPARTMENT OF VETERANS AFFAIRS (THE "VA"). THESE PROGRAMS PROVIDE HOUSING SUBSIDIES AND ASSISTANCE FOR QUALIFYING INDIVIDUALS WHO RESIDE WITH THIRD-PARTY LANDLORDS. THE AGENCY EMPLOYS A SUPPORT STAFF OF 29 PEOPLE TO MEET THE NEEDS OF THE INDIVIDUALS SERVED BY THESE PROGRAMS, AS WELL. THE AGENCY ADMINISTERS FOUR PROGRAMS FUNDED BY HUD, WHILE ONE PROGRAM IS UNDE
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03688220
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03919833
IRS990/ProgSrvcAccomActy3Grp/Desc0PROPERTY MANAGEMENT: VSH MANAGES 463 UNITS UNDER THE PERMANENT SUPPORTIVE HOUSING PROGRAM, WHICH INCLUDES SUPPORTIVE STUDIO APARTMENTS, COMMUNITY HOUSES, AND QUADS. RESIDENTS IN THESE INDEPENDENT LIVING COMMUNITIES, TYPICALLY PAY ONE-THIRD OF THEIR INCOME AS RENT. ALL PROPERTIES MANAGED BY VSH HAVE PASSED FEDERAL, STATE AND LOCAL GOVERNMENT REVIEWS AND INSPECTIONS, AS WELL AS COMPLIANCE AND PROPERTY AUDITS REQUIRED BY ITS LENDERS OR FUNDING SOURCES. VSH IS ALSO A CERTIFIED PROPERTY MANAGEMENT AG
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0240575
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0284286
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Various other housing programs for indiviuals in need of supportive housing.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01159788
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt01056866
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06788099
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IRS990/PYInvestmentIncomeAmt093065
IRS990/PYOtherExpensesAmt02444411
IRS990/PYOtherRevenueAmt076812
IRS990/PYProgramServiceRevenueAmt01697834
IRS990/PYRevenuesLessExpensesAmt02357301
IRS990/PYSalariesCompEmpBnftPaidAmt03854098
IRS990/PYTotalExpensesAmt06298509
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-25939
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.7$7.74$33.9$12.6$12.7$0.06
2023Summary only. Only limited summary data is available for this year.$39.5$5.42$34.1$14.1$11.5$2.61
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.5$3.97$31.6$16.4$11.8$4.65
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.8$3.92$26.9$11.4$11.1$0.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.1$3.56$26.5$13.8$13.2$0.58
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.5$3.57$26.0$9.59$9.64$0.06
2018Summary only. Only limited summary data is available for this year.$29.1$3.11$26.0$10.1$8.43$1.71
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.3$2.96$25.3$11.8$7.85$3.95
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.7$2.39$21.3$9.06$8.05$1.01
2015Detailed filing. Detailed filing data is available for this year.$21.7$1.38$20.3$8.75$8.16$0.59
2014Detailed filing. Detailed filing data is available for this year.$20.8$1.10$19.7$7.81$7.83$0.03
2013Detailed filing. Detailed filing data is available for this year.$20.4$0.58$19.8$8.66$6.30$2.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$0.48$17.5$5.49
2011Summary only. Only limited summary data is available for this year.$15.0$0.62$14.3$6.06$4.54$1.52