Civic Intelligence

Second Act Communities

990 • Fiscal year 2017 • EIN 54-1655399

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 02, 2018

Organization ProfileWWW.SECONDACTCOMMUNITIES.ORG
2400 Potters RoadVirginia Beach, VA 23454

(757) 463-9516

Siviq Scores

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

Liabilities / Assets

78th percentile

0.45x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

2.22x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

86th percentile

33%

Higher net margin than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

80th percentile

19%

Faster asset growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

70th percentile

16%

Faster revenue growth than 70% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$3,540,864

Up $565,936 (+19%) from 2016

Net Assets

Up

$1,942,879

Up $237,281 (+14%) from 2016

Liabilities

Up

$1,597,985

Up $328,655 (+26%) from 2016

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin86th percentile

Revenue

Up

$720,070

Up $99,492 (+16%) from 2016

Expenses

Down

$482,789

Down $263,348 (-35%) from 2016

Net Income

Up

$237,281

Up $362,840 (+289%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $621,213Liabilities 2011: $354,463Net Assets 2011: $266,7502011Assets 2012: $5,663Liabilities 2012: $0Net Assets 2012: $5,6632012Assets 2013: $831,464Liabilities 2013: $477Net Assets 2013: $830,9872013Assets 2014: $2,321,795Liabilities 2014: $492,174Net Assets 2014: $1,829,6212014Assets 2015: $2,695,170Liabilities 2015: $864,013Net Assets 2015: $1,831,1572015Assets 2016: $2,974,928Liabilities 2016: $1,269,330Net Assets 2016: $1,705,5982016Assets 2017: $3,540,864Liabilities 2017: $1,597,985Net Assets 2017: $1,942,8792017Assets 2018: $4,501,785Liabilities 2018: $1,746,982Net Assets 2018: $2,754,8032018Assets 2019: $3,884,064Liabilities 2019: $1,132,089Net Assets 2019: $2,751,9752019Assets 2020: $4,149,009Liabilities 2020: $1,120,645Net Assets 2020: $3,028,3642020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2017

Assets$3,540,864
Liabilities$1,597,985
Net Assets$1,942,879
Open 2017 Filing

Operations Trend

Revenue Growth70th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $294,630Expenses 2011: $34,821Net Income 2011: $259,8092011Revenue 2012: $132,076Expenses 2012: $133,163Net Income 2012: -$1,0872012Revenue 2013: $921,202Expenses 2013: $95,878Net Income 2013: $825,3242013Revenue 2014: $1,057,686Expenses 2014: $59,052Net Income 2014: $998,6342014Revenue 2015: $210,893Expenses 2015: $209,357Net Income 2015: $1,5362015Revenue 2016: $620,578Expenses 2016: $746,137Net Income 2016: -$125,5592016Revenue 2017: $720,070Expenses 2017: $482,789Net Income 2017: $237,2812017Revenue 2018: $1,192,895Expenses 2018: $380,971Net Income 2018: $811,9242018Revenue 2019: $167,675Expenses 2019: $170,503Net Income 2019: -$2,8282019Revenue 2020: $224,597Expenses 2020: $145,719Net Income 2020: $78,8782020Revenue 2021: $651,098Expenses 2021: $136,737Net Income 2021: $514,3612021

Highlighted filing

2017

Revenue$720,070
Expenses$482,789
Net Income$237,281
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 2, 2018
Return Version
2016v3.0
Gross Receipts
$720,070
Mission and Program Overview

Mission

We create housing and supportive services that profoundly change the lives of our neighbors across the united states.

We create housing and supportive services that profoundly change the lives of our neighbors across the United States. Our vision is to create quality homes for everyone and to be champions for supportive communities where people can not only survive but are empowered to live their best lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,043,452$1,983,228▼ $60,224
Inventories for Sale or Use$398,725$682,330▲ $283,605
Other Notes and Loans Receivable, Net$455,449$455,449→ $0
Cash and Non-Interest-Bearing Accounts$65,881$322,036▲ $256,155
Accounts Receivable$11,021$12,961▲ $1,940
Total Assets$2,974,928$3,540,864▲ $565,936
Other Assets Total$400$84,860▲ $84,460
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,193,463$1,588,929▲ $395,466
Accounts Payable and Accrued Expenses$72,867$4,605▼ $68,262
Other Liabilities$3,000$4,451▲ $1,451
Total Liabilities$1,269,330$1,597,985▲ $328,655
Net Assets / Fund Balance
Unrestricted Net Assets$1,705,598$1,542,879▼ $162,719
Temporarily Rstr Net Assets-$400,000-
Total Net Assets Fund Balance$1,705,598$1,942,879▲ $237,281
Total Liabilities and Net Assets / Fund Balance$2,974,928$3,540,864▲ $565,936

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,506,190$149,975$1,656,165
Land$477,038-$477,038
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Addie Wright ThomasonChief Executive OfficerPT$6,600$6,600
Sharon ShoffVP DevelopmentPT$5,171$5,171
Jessica GuglielmoVP and COOPT$4,954$4,954

Board Members and Trustees

NameTitle
james n banksChairman
Debra a GrantVice Chair
Annie WardDirector
Anthony P NeroDirector
Chris TillettDirector
Chuck GrayDirector
Frances Knight ThompsondIRECTOR
Jamie Holmes-pickensDirector
Michael S BellDirector
Yvonnia MooreDirector
denise howardDirector
gregory m dragasSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$635,782
Program Service Revenue
$84,288
Investment Income
$0
Other Revenue
$0
All Other Contributions
$635,782
Change in Net Assets
$237,281

Audited Revenue Reconciliation

Revenue per Audited Statements
$720,070
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$720,070
Total Revenue per Form 990
$720,070
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$299,712
Other Expenses$183,077
Total Fundraising Expense$13,962
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$210,288$7,375$8,105$225,768
Depreciation Depletion$60,224--$60,224
Pension Plan Contributions$53,925$1,854$1,440$57,219
Interest$21,516--$21,516
Fees for Services Other$13,049-$4,417$17,466
Current Officers, Directors, Trustees, and Key Employees$16,725--$16,725
Fees for Services Accounting$10,720$3,573-$14,293
Travel$12,936--$12,936
Insurance$5,324--$5,324
Information Technology$3,635$1,212-$4,847
All Other Expenses$3,075$537-$3,612
Conferences and Meetings$3,562--$3,562
Fees for Services Legal$2,811--$2,811
Occupancy$1,384$756-$2,140
Other Expenses$1,479$899-$1,479
Office Expenses$492$135-$627
Advertising$415--$415
Total Functional Expenses$452,486$16,341$13,962$482,789

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$482,789
Total Expenses per Audited Statements$482,789
Total Expenses per Form 990$482,789
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Security Deposits$4,451
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The form 990 is prepared by an independent accounting firm, after completion the form is presented to the board of directors for approval.”

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

“OFFICERS AND DIRECTORS MUST READ AND SIGN A CODE OF CONDUCT. THE CODE OF CONDUCT DELINEATES THE RESPONSiBILITIES OF THE BOARD MEMBERS WHILE IN AND OUT OF SESSION AND INCLUDES REQUIREMENTS TO DECLARE ANY CONFLICTS OF INTEREST THAT MAY ARISE. ENFORCEMENT OF THE CODE OF CONDUCT IS CLEARLY SPELLED OUT IN THE DOCUMENT AND INCLUDES STEPS TO BE TAKEN IF ANY BOARD MEMBER APPEARS TO BE IN VIOLATION OF THE CODE OF CONDUCT.”

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

“The personnel committee of the sac board of directors annually reviews the contract for the chief executive officer and makes recommendations to the board regarding retention and annual raises. Factors such as performance, budget and comparable salaries are used to make decisions. All decisions are substantiated by meeting minutes.”

Form 990, Part VI, Section C, line 19

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Second Act Communities
EIN
54-1655399
Phone
7574639516
Address
2400 Potters Road, VIRGINIA BEACH, VA 23454

Signing Officer

Name
Addie Thomason
Title
Chief Executive Officer
Phone
7574639516
Signed
2018-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Addie Thomason
Formed
1993
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
4
Volunteers
13

Preparer

Firm
Dixon Hughes Goodman Llp
Address
440 MONTICELLO AVE SUITE 1400, NORFOLK, VA 23510
Preparer
Richard K Matthews
Phone
7576245100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

“The board of directors assumes responsibility and oversight of the audit and selection of independent auditors. The process has not changed from prior year.”

Raw XML AppendixShowing 400 of 515 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/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11dIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF EXECUTIVE OFFICER
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IRS990/InterestGrp/ProgramServicesAmt021516
IRS990/InterestGrp/TotalAmt021516
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0398725
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0682330
IRS990/InvestmentInJointVentureInd01
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0149975
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02043452
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01983228
IRS990/LandBldgEquipCostOrOtherBssAmt02133203
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0We create housing and supportive services that profoundly change the lives of our neighbors across the United States.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01193463
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01588929
IRS990/NetAssetsOrFundBalancesBOYAmt01705598
IRS990/NetAssetsOrFundBalancesEOYAmt01942879
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0756
IRS990/OccupancyGrp/ProgramServicesAmt01384
IRS990/OccupancyGrp/TotalAmt02140
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0135
IRS990/OfficeExpensesGrp/ProgramServicesAmt0492
IRS990/OfficeExpensesGrp/TotalAmt0627
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0400
IRS990/OtherAssetsTotalGrp/EOYAmt084860
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0maintenance & repairs
IRS990/OtherExpensesGrp/Desc1taxes
IRS990/OtherExpensesGrp/Desc2TELECOMMUNICATIONS
IRS990/OtherExpensesGrp/Desc3ASSOCIATION FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0899
IRS990/OtherExpensesGrp/ProgramServicesAmt021608
IRS990/OtherExpensesGrp/ProgramServicesAmt17062
IRS990/OtherExpensesGrp/ProgramServicesAmt22256
IRS990/OtherExpensesGrp/ProgramServicesAmt31479
IRS990/OtherExpensesGrp/TotalAmt021608
IRS990/OtherExpensesGrp/TotalAmt17062
IRS990/OtherExpensesGrp/TotalAmt23155
IRS990/OtherExpensesGrp/TotalAmt31479
IRS990/OtherLiabilitiesGrp/BOYAmt03000
IRS990/OtherLiabilitiesGrp/EOYAmt04451
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08105
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07375
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0210288
IRS990/OtherSalariesAndWagesGrp/TotalAmt0225768
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0455449
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0455449
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PensionPlanContributionsGrp/FundraisingAmt01440
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01854
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt053925
IRS990/PensionPlanContributionsGrp/TotalAmt057219
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ADDIE THOMASON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0low-income rental inco
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt084288
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt084288
IRS990/ProgSrvcAccomActy2Grp/Desc0EXPANDING, IMPROVING AND PROVIDING DECENT HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME HOUSEHOLDS IN THE UNITED STATES. THESE COSTS ARE ASSOCIATED WITH THE CORPORATION'S EFFORTS TO SEEK OUT NEW OPPORTUNITIES FOR DEVELOPMENT PROJECTS. AS A RESULT OF THESE EFFORTS, THE CORPORATION IS PARTNERING WITH THE CITY OF CHESAPEAKE, VIRGINIA TO BUILD A 50 UNIT APARTMENT COMPLEX THAT WILL PROVIDE HOUSING FOR DISABLED AND/OR HOMELESS VETERANS. THE CORPORATION IS ALSO WORKING WITH OTHER LOCALITIES IN VIRGINIA AND NORTH CAROLINA TO DEVELOP VIABLE HOUSING AND COMMERCIAL DEVELOPMENTS THAT SERVE THESE COMMUNITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0321541
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0529590
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0607461
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt090988
IRS990/PYRevenuesLessExpensesAmt0-125559
IRS990/PYSalariesCompEmpBnftPaidAmt0138676
IRS990/PYTotalExpensesAmt0746137
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0620578
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0237281
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt084288
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0235782
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0529590
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0151531
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01045439
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0921202
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02883544
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0246885
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt02883544
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0235782
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0529590
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0151531
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01045439
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0921202
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02883544
IRS990ScheduleA/TotalSupportAmt02883544
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01506190
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0149975
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01656165
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0482789
IRS990ScheduleD/LandGrp/BookValueAmt0477038
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0477038
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04451
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0720070
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01983228
IRS990ScheduleD/TotalExpensesPerForm990Amt0482789
IRS990ScheduleD/TotalLiabilityAmt04451
IRS990ScheduleD/TotalRevenuePerForm990Amt0720070
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0720070
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0482789
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, AFTER COMPLETION THE FORM IS PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS MUST READ AND SIGN A CODE OF CONDUCT. THE CODE OF CONDUCT DELINEATES THE RESPONSiBILITIES OF THE BOARD MEMBERS WHILE IN AND OUT OF SESSION AND INCLUDES REQUIREMENTS TO DECLARE ANY CONFLICTS OF INTEREST THAT MAY ARISE. ENFORCEMENT OF THE CODE OF CONDUCT IS CLEARLY SPELLED OUT IN THE DOCUMENT AND INCLUDES STEPS TO BE TAKEN IF ANY BOARD MEMBER APPEARS TO BE IN VIOLATION OF THE CODE OF CONDUCT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PERSONNEL COMMITTEE OF THE SAC BOARD OF DIRECTORS ANNUALLY REVIEWS THE CONTRACT FOR THE CHIEF EXECUTIVE OFFICER AND MAKES RECOMMENDATIONS TO THE BOARD REGARDING RETENTION AND ANNUAL RAISES. FACTORS SUCH AS PERFORMANCE, BUDGET AND COMPARABLE SALARIES ARE USED TO MAKE DECISIONS. ALL DECISIONS ARE SUBSTANTIATED BY MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY AND OVERSIGHT OF THE AUDIT AND SELECTION OF INDEPENDENT AUDITORS. THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0SECOND ACT COMMUNITIES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0352554308
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0chesapeake vets' housing
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt02400 POTTERS ROAD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0VIRGINIA BEACH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd023454
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0chesapeake vets' housing inc
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,540,864
Liabilities
$1,597,985
Net assets
$1,942,879
Revenue
$720,070
Expenses
$482,789
Net income
$237,281
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.65$0.14$0.51
2020Detailed filing. Detailed filing data is available for this year.$4.15$1.12$3.03$0.22$0.15$0.08
2019Detailed filing. Detailed filing data is available for this year.$3.88$1.13$2.75$0.17$0.17$0.00
2018Detailed filing. Detailed filing data is available for this year.$4.50$1.75$2.75$1.19$0.38$0.81
2017Detailed filing. Detailed filing data is available for this year.$3.54$1.60$1.94$0.72$0.48$0.24
2016Detailed filing. Detailed filing data is available for this year.$2.97$1.27$1.71$0.62$0.75$0.13
2015Summary only. Only limited summary data is available for this year.$2.70$0.86$1.83$0.21$0.21$0.00
2014Summary only. Only limited summary data is available for this year.$2.32$0.49$1.83$1.06$0.06$1.00
2013Summary only. Only limited summary data is available for this year.$0.83$0.00$0.83$0.92$0.10$0.83
2012Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.13$0.13$0.00
2011Summary only. Only limited summary data is available for this year.$0.62$0.35$0.27$0.29$0.03$0.26