Civic Intelligence

Second Act Communities

990 • Fiscal year 2019 • EIN 54-1655399

Jul 01, 2018 to Jun 30, 2019 • Filed on May 07, 2020

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

71st percentile

0.29x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

6.75x

Higher debt load relative to revenue than 97% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

34th percentile

-1.7%

Higher net margin than 34% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

9th percentile

-14%

Faster asset growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-86%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$3,884,064

Down $617,721 (-14%) from 2018

Net Assets

Down

$2,751,975

Down $2,828 (-0.1%) from 2018

Liabilities

Down

$1,132,089

Down $614,893 (-35%) from 2018

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin34th percentile

Revenue

Down

$167,675

Down $1,025,220 (-86%) from 2018

Expenses

Down

$170,503

Down $210,468 (-55%) from 2018

Net Income

Down

-$2,828

Down $814,752 (-100%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2019

Assets$3,884,064
Liabilities$1,132,089
Net Assets$2,751,975
Open 2019 Filing

Operations Trend

Revenue Growth1st 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

2019

Revenue$167,675
Expenses$170,503
Net Income-$2,828
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 7, 2020
Return Version
2018v3.1
Gross Receipts
$167,675
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$1,923,004$1,862,780▼ $60,224
Other Notes and Loans Receivable, Net$1,659,841$1,659,841→ $0
Accounts Receivable$449,361$310,087▼ $139,274
Pledges and Grants Receivable$125,000--
Cash and Non-Interest-Bearing Accounts$256,270$40,160▼ $216,110
Total Assets$4,501,785$3,884,064▼ $617,721
Other Assets Total$88,309$11,196▼ $77,113
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,243,051$1,116,623▼ $126,428
Accounts Payable and Accrued Expenses$498,480$9,265▼ $489,215
Other Liabilities$5,451$6,201▲ $750
Total Liabilities$1,746,982$1,132,089▼ $614,893
Net Assets / Fund Balance
Unrestricted Net Assets$2,754,803$2,751,975▼ $2,828
Total Net Assets Fund Balance$2,754,803$2,751,975▼ $2,828
Total Liabilities and Net Assets / Fund Balance$4,501,785$3,884,064▼ $617,721

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,385,742$270,423$1,656,165
Land$477,038-$477,038
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jessica GuglielmoVP and COOPT$4,900$117,278$122,178
Sharon ShoffVP DevelopmentPT$2,544$83,932$86,476
Kim JohnsonVP and CFOPT$4,052$76,280$80,332
Addie Wright ThomasonChief Executive OfficerPT$6,600$151,428$6,600

Board Members and Trustees

NameTitle
James N BanksChairman
Debra a GrantVice Chair
Clifton PickensDirector
Denise HowardDirector
Frances Knight ThompsonDirector
Marqueta HarrisDirector
Nompilo T NyathiDirector
Richard BullockDirector
Markita Lawson HeardDirector Through May 24, 2019
Yvonnia MooreSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,175
Program Service Revenue
$160,363
Investment Income
$137
Other Revenue
$0
All Other Contributions
$2,549
Change in Net Assets
$-2,828

Audited Revenue Reconciliation

Revenue per Audited Statements
$167,675
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$167,675
Total Revenue per Form 990
$167,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$142,109
Salaries, Compensation, and Employee Benefits$28,394
Total Fundraising Expense$4,588
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$60,224--$60,224
Fees for Services Accounting$20,227--$20,227
Current Officers, Directors, Trustees, and Key Employees$14,574-$4,490$19,064
Interest$15,565--$15,565
Fees for Services Other$8,250--$8,250
Other Salaries and Wages$6,885--$6,885
Fees for Services Legal$5,684--$5,684
All Other Expenses$1,555$989-$2,544
Payroll Taxes$2,347-$98$2,445
Other Expenses$2,344--$2,344
Occupancy-$1,626-$1,626
Travel-$659-$659
Office Expenses-$593-$593
Information Technology-$18-$18
Total Functional Expenses$162,030$3,885$4,588$170,503

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$170,503
Total Expenses per Audited Statements$170,503
Total Expenses per Form 990$170,503
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$6,201
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
Frances Knight Thompson
Title
Board President
Phone
7574639516
Signed
2020-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frances Knight Thompson
Formed
1993
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
10

Preparer

Firm
Dixon Hughes Goodman Llp
Address
440 MONTICELLO AVE SUITE 1400, NORFOLK, VA 23510
Preparer
Lakrisha J Watson
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.”

Financial Statement Notes

PART X, LINE 2:

“Sac is a nonprofit organization exempt from federal and state income tax under section 501(c)(3) of the internal revenue code and the statutes of the commonwealth of virginia; accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. Chesapeake vets' housing is a wholly owned corporation whose results are included on sac's tax return.”

Raw XML AppendixShowing 400 of 560 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/ActivityOrMissionDesc0WE 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.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR THROUGH MAY 24, 2019
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt01923004
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01862780
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/BOYAmt01243051
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01116623
IRS990/NetAssetsOrFundBalancesBOYAmt02754803
IRS990/NetAssetsOrFundBalancesEOYAmt02751975
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01626
IRS990/OccupancyGrp/TotalAmt01626
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0593
IRS990/OfficeExpensesGrp/TotalAmt0593
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt088309
IRS990/OtherAssetsTotalGrp/EOYAmt011196
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MAINTENANCE & REPAIRS
IRS990/OtherExpensesGrp/Desc1TAXES
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3UTILTIES
IRS990/OtherExpensesGrp/ProgramServicesAmt012357
IRS990/OtherExpensesGrp/ProgramServicesAmt16108
IRS990/OtherExpensesGrp/ProgramServicesAmt25910
IRS990/OtherExpensesGrp/ProgramServicesAmt32344
IRS990/OtherExpensesGrp/TotalAmt012357
IRS990/OtherExpensesGrp/TotalAmt16108
IRS990/OtherExpensesGrp/TotalAmt25910
IRS990/OtherExpensesGrp/TotalAmt32344
IRS990/OtherLiabilitiesGrp/BOYAmt05451
IRS990/OtherLiabilitiesGrp/EOYAmt06201
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06885
IRS990/OtherSalariesAndWagesGrp/TotalAmt06885
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01659841
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01659841
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt098
IRS990/PayrollTaxesGrp/ProgramServicesAmt02347
IRS990/PayrollTaxesGrp/TotalAmt02445
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0125000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0FRANCES KNIGHT THOMPSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0LOW-INCOME RENTAL INCO
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPER'S FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0100363
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt160000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0100363
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt160000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0909640
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0193997
IRS990/PYOtherRevenueAmt0192797
IRS990/PYProgramServiceRevenueAmt090458
IRS990/PYRevenuesLessExpensesAmt0811924
IRS990/PYSalariesCompEmpBnftPaidAmt0186974
IRS990/PYTotalExpensesAmt0380971
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01192895
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2828
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0160363
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SPECIAL EVENTS INCOME - 2017 AMOUNT: $ 1,750.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt07175
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0909640
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0635782
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0529590
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0151531
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02233718
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0137
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt048
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0185
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0160363
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0280458
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt084288
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt090988
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt059362
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0675459
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0137
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt048
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0185
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01750
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01750
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99930
IRS990ScheduleA/PublicSupportPY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal509Amt02909177
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0167538
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01190098
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0720070
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0620578
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0210893
IRS990ScheduleA/Total509Grp/TotalAmt02909177
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0167675
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01191896
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0720070
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0620578
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0210893
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02911112
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01385742
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0270423
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01656165
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0170503
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0477038
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0477038
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06201
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0167675
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SAC IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE STATUTES OF THE COMMONWEALTH OF VIRGINIA; ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. CHESAPEAKE VETS' HOUSING IS A WHOLLY OWNED CORPORATION WHOSE RESULTS ARE INCLUDED ON SAC'S TAX RETURN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01862780
IRS990ScheduleD/TotalExpensesPerForm990Amt0170503
IRS990ScheduleD/TotalLiabilityAmt06201
IRS990ScheduleD/TotalRevenuePerForm990Amt0167675
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0167675
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0170503
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt06600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0151428
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ADDIE WRIGHT THOMASON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt06600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0151428
IRS990ScheduleJ/SeverancePaymentInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,884,064
Liabilities
$1,132,089
Net assets
$2,751,975
Revenue
$167,675
Expenses
$170,503
Net income
-$2,828
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