Civic Intelligence

Central Virginia Housing Coalition Inc.

990 • Fiscal year 2015 • EIN 54-1500474

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 12, 2016

208 Hudgins RoadFredericksburg, VA 22408

(540) 604-9943

Siviq Scores

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

Liabilities / Assets

55th percentile

0.24x

Higher debt load relative to assets than 55% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

76th percentile

0.72x

Higher debt load relative to revenue than 76% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

40th percentile

0.3%

Higher net margin than 40% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

7th percentile

-14%

Faster asset growth than 7% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

91st percentile

61%

Faster revenue growth than 91% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$7,609,937

Down $1,208,099 (-14%) from 2014

Net Assets

Up

$5,800,184

Up $250,158 (+4.5%) from 2014

Liabilities

Down

$1,809,753

Down $1,458,257 (-45%) from 2014

Revenue

Up

$2,506,028

Up $946,657 (+61%) from 2014

Expenses

Up

$2,498,641

Up $296,641 (+13%) from 2014

Net Income

Up

$7,387

Up $650,016 (+101%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $10,589,557Liabilities 2011: $4,248,946Net Assets 2011: $6,340,6112011Assets 2012: $9,323,146Liabilities 2012: $2,788,260Net Assets 2012: $6,534,8862012Assets 2013: $9,455,225Liabilities 2013: $3,395,741Net Assets 2013: $6,059,4842013Assets 2014: $8,818,036Liabilities 2014: $3,268,010Net Assets 2014: $5,550,0262014Assets 2015: $7,609,937Liabilities 2015: $1,809,753Net Assets 2015: $5,800,1842015Assets 2016: $7,127,567Liabilities 2016: $1,634,654Net Assets 2016: $5,492,9132016Assets 2017: $7,802,767Liabilities 2017: $2,266,503Net Assets 2017: $5,536,2642017Assets 2018: $7,967,060Liabilities 2018: $2,211,723Net Assets 2018: $5,755,3372018Assets 2019: $8,388,838Liabilities 2019: $2,368,295Net Assets 2019: $6,020,5432019Assets 2020: $10,018,177Liabilities 2020: $3,496,929Net Assets 2020: $6,521,2482020Assets 2021: $9,595,191Liabilities 2021: $2,897,431Net Assets 2021: $6,697,7602021Assets 2022: $9,892,220Liabilities 2022: $2,555,879Net Assets 2022: $7,336,3412022Assets 2023: $9,544,711Liabilities 2023: $2,406,871Net Assets 2023: $7,137,8402023Assets 2024: $9,175,888Liabilities 2024: $2,250,922Net Assets 2024: $6,924,9662024

Highlighted filing

2015

Assets$7,609,937
Liabilities$1,809,753
Net Assets$5,800,184

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $5,353,1012011Expenses 2012: $3,645,5682012Revenue 2013: $2,507,006Expenses 2013: $2,920,151Net Income 2013: -$413,1452013Revenue 2014: $1,559,371Expenses 2014: $2,202,000Net Income 2014: -$642,6292014Revenue 2015: $2,506,028Expenses 2015: $2,498,641Net Income 2015: $7,3872015Revenue 2016: $2,122,884Expenses 2016: $2,430,155Net Income 2016: -$307,2712016Revenue 2017: $1,625,268Expenses 2017: $1,581,917Net Income 2017: $43,3512017Revenue 2018: $1,588,928Expenses 2018: $1,375,730Net Income 2018: $213,1982018Revenue 2019: $1,682,408Expenses 2019: $1,416,627Net Income 2019: $265,7812019Revenue 2020: $2,051,548Expenses 2020: $1,546,885Net Income 2020: $504,6632020Revenue 2021: $1,930,249Expenses 2021: $1,760,050Net Income 2021: $170,1992021Revenue 2022: $2,352,592Expenses 2022: $1,794,464Net Income 2022: $558,1282022Revenue 2023: $2,009,408Expenses 2023: $2,207,909Net Income 2023: -$198,5012023Revenue 2024: $2,193,218Expenses 2024: $2,406,092Net Income 2024: -$212,8742024

Highlighted filing

2015

Revenue$2,506,028
Expenses$2,498,641
Net Income$7,387
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 12, 2016
Return Version
2014v6.0
Gross Receipts
$3,666,264
Mission and Program Overview

Mission

Central virginia housing coalition improves the regional quality of life by providing affordable housing opportunities to low income families through coalition, education, counseling, and financial assistance.

Central virginia housing coalition improves the regional quality of life by providing affordable housing to low income families through coalition, education, counseling, and financial assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,573,022$5,549,289▼ $1,023,733
Cash and Non-Interest-Bearing Accounts$1,442,117$1,189,701▼ $252,416
Accounts Receivable$346,157$306,411▼ $39,746
Inventories for Sale or Use-$289,708-
Other Notes and Loans Receivable, Net$139,526$137,198▼ $2,328
Investments in Publicly Traded Securities$25,000$26,875▲ $1,875
Intangible Assets$10,294$8,712▼ $1,582
Prepaid Expenses and Deferred Charges-$1,708-
Total Assets$8,852,106$7,609,937▼ $1,242,169
Other Assets Total$315,990$100,335▼ $215,655
Liabilities
Other Liabilities$3,030,867$1,775,714▼ $1,255,153
Accounts Payable and Accrued Expenses$28,442$22,310▼ $6,132
Deferred Revenue-$11,729-
Total Liabilities$3,059,309$1,809,753▼ $1,249,556
Net Assets / Fund Balance
Unrestricted Net Assets$5,792,797$5,800,184▲ $7,387
Total Net Assets Fund Balance$5,792,797$5,800,184▲ $7,387
Total Liabilities and Net Assets / Fund Balance$8,852,106$7,609,937▼ $1,242,169

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,341,883$745,263-
Land$2,156,534--
Equipment$50,872$333,386-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jamie ScullyPresident
Ben HallDirector
George SneadDirector
Gayle ElliottLifetime Director
Becky SperlazzaPast Preside
Campion ColemanSecretary
Ralph SuttonTreasurer
Michael AdamsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,372,751
Program Service Revenue
$1,163,088
Investment Income
$-60,328
Other Revenue
$30,517
All Other Contributions
$72,919
Change in Net Assets
$7,387

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,506,028
Total Revenue per Audited Statements
$2,506,028
Total Revenue per Form 990
$2,506,028
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,562,426
Salaries, Compensation, and Employee Benefits$936,215
Total Fundraising Expense$5,362
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$661,135$72,116$3,796$737,047
Office Expenses$167,633$12,109$793$180,535
Depreciation Depletion$128,580$8,409-$136,989
Other Employee Benefits-$131,084-$131,084
Interest$91,008--$91,008
Payroll Taxes$52,630$14,681$773$68,084
Other Expenses$17,843$36,620-$54,463
All Other Expenses$6,659$35,046-$41,705
Occupancy$32,474$7,598-$40,072
Insurance$720$39,184-$39,904
Travel$20,808$9,785-$30,593
Fees for Services Accounting$3,504$26,265-$29,769
Total Functional Expenses$2,017,935$475,344$5,362$2,498,641

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,498,641
Total Expenses per Audited Statements$2,498,641
Total Expenses per Form 990$2,498,641
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
Long-term Debt$1,746,407
Security Deposits$29,307
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The board reviews the 990 prior to filing.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Central Virginia Housing Coalition
EIN
54-1500474
Phone
5406049943
Address
208 HUDGINS ROAD, FREDERICKSBURG, VA 22408

Signing Officer

Name
Connie Jones
Title
Executive Director
Phone
5406049943
Signed
2016-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Connie Jones
Formed
1988
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
23
Volunteers
12

Preparer

Firm
Robinson Farmer Cox Associates
Address
530 WESTFIELD RD, CHARLOTTESVILLE, VA 22901
Preparer
Andrew P Grossnickle
Phone
4349738314
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, cvhc may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of cvhc and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for fiscal year 2015.

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IRS990/PrincipalOfficerNm0CONNIE JONES
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IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0SECTION 8
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1463450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0699638
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1463450
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IRS990/PYTotalRevenueAmt04134969
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01299379
IRS990ScheduleA/CommunityTrustInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02960228
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01564210
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02009545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02418642
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010325376
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010533
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012806
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt015540
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012377
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt019727
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt070983
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01195480
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IRS990ScheduleA/PublicSupportPY170Pct00.99370
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02418642
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010325376
IRS990ScheduleA/TotalSupportAmt010396359
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IRS990ScheduleD/BuildingsGrp/BookValueAmt03341883
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0745263
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt04087146
IRS990ScheduleD/EquipmentGrp/BookValueAmt050872
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0333386
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0384258
IRS990ScheduleD/ExpensesSubtotalAmt02498641
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt02156534
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01746407
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt129307
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LONG-TERM DEBT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, CVHC MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF CVHC AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05549289
IRS990ScheduleD/TotalExpensesPerForm990Amt02498641
IRS990ScheduleD/TotalLiabilityAmt01775714
IRS990ScheduleD/TotalRevenuePerForm990Amt02506028
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt01372751
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05362
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0475344
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02017935
IRS990/TotalFunctionalExpensesGrp/TotalAmt02498641
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03059309
IRS990/TotalLiabilitiesEOYAmt01809753
IRS990/TotalLiabilitiesGrp/BOYAmt03059309
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05800184
IRS990/TotalProgramServiceExpensesAmt02017935
IRS990/TotalProgramServiceRevenueAmt01163088
IRS990/TotalRevenueGrp/ExclusionAmt010533
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01122744
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02506028
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08852106
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07609937
IRS990/TravelGrp/ManagementAndGeneralAmt09785
IRS990/TravelGrp/ProgramServicesAmt020808
IRS990/TravelGrp/TotalAmt030593
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05792797
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05800184
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.CENTRALVAHOUSING.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CONNIE JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05406049943
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CENTRAL VIRGINIA HOUSING COALITION
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0541500474
ReturnHeader/Filer/PhoneNum05406049943
ReturnHeader/Filer/USAddress/AddressLine1Txt0208 HUDGINS ROAD
ReturnHeader/Filer/USAddress/CityNm0FREDERICKSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022408
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541896113
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBINSON FARMER COX ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0530 WESTFIELD RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022901

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.18$2.25$6.92$2.19$2.41$0.21
2023Detailed filing. Detailed filing data is available for this year.$9.54$2.41$7.14$2.01$2.21$0.20
2022Detailed filing. Detailed filing data is available for this year.$9.89$2.56$7.34$2.35$1.79$0.56
2021Detailed filing. Detailed filing data is available for this year.$9.60$2.90$6.70$1.93$1.76$0.17
2020Detailed filing. Detailed filing data is available for this year.$10.0$3.50$6.52$2.05$1.55$0.50
2019Detailed filing. Detailed filing data is available for this year.$8.39$2.37$6.02$1.68$1.42$0.27
2018Detailed filing. Detailed filing data is available for this year.$7.97$2.21$5.76$1.59$1.38$0.21
2017Detailed filing. Detailed filing data is available for this year.$7.80$2.27$5.54$1.63$1.58$0.04
2016Detailed filing. Detailed filing data is available for this year.$7.13$1.63$5.49$2.12$2.43$0.31
2015Detailed filing. Detailed filing data is available for this year.$7.61$1.81$5.80$2.51$2.50$0.01
2014Detailed filing. Detailed filing data is available for this year.$8.82$3.27$5.55$1.56$2.20$0.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.46$3.40$6.06$2.51$2.92$0.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.32$2.79$6.53$3.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$4.25$6.34$5.35