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TO DEVELOP AFFORDABLE HOUSING COMMUNITIES IN THE RICHMOND, VIRGINIA METROPOLITAN AREA.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$12M
Program Spending
90%
of total expenses go to program services
Total Contributions
$11.3M
Total Expenses
▼$9M
Total Assets
$53.4M
Total Liabilities
▼$19.3M
Net Assets
$34.2M
Officer Compensation
→N/A
Other Salaries
$2.1M
Investment Income
$202.7K
Fundraising
▼$125.3K
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $0
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
RICHMOND AFFORDABLE HOUSING54-1860225 | RICHMOND, VA | $0 | Cash | SEE PART IV |
| Total | $0 | |||
RICHMOND, VA
$0
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$3M
Awards Found
2
Department of Housing and Urban Development
$2M
PURPOSE: ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING/CONGRESSIONAL DIRECTED SPENDING AWARDS ARE AUTHORIZED UNDER THE CONSOLIDATED APPROPRIATIONS ACT, 2022 PUBLIC LAW 117-328 AND THE EXPLANATORY STATEMENT FOR DIVISION L OF THAT ACT. PROJECTS SELECTED FOR COMMUNITY PROJECT FUNDING/CONGRESSIONAL DIRECTED SPENDING ARE LISTED IN THE JOINT EXPLANATORY STATEMENT (JES) THAT ACCOMPANIES A SPECIFIC FISCAL YEAR’S APPROPRIATIONS ACT OR CONGRESSIONAL RECORD. THE JES LISTS PROJECT, RECIPIENT, STATE, AMOUNT AND CONGRESSIONAL SPONSOR.; ACTIVITIES TO BE PERFORMED: ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING/CONGRESSIONALLY DIRECTED SPENDING AWARD PROJECTS INCLUDE A WIDE VARIETY OF ACTIVITIES THAT RESULT IN ECONOMIC DEVELOPMENT OR COMMUNITY DEVELOPMENT OUTCOMES. HUD WILL NOT KNOW THE FULL SCOPE OF THE PROJECT UNTIL THE RECIPIENT SUBMITS THE REQUIRED PROJECT NARRATIVE AND CONFIRMS ALIGNMENT WITH THE LANGUAGE AS PROVIDED IN THE CONGRESSIONAL RECORD. TO FIND THE DETAILS OF THE GRANT AWARD AS WRITTEN WITHIN THE CONGRESSIONAL RECORD USE THE FOLLOWING LINK AND PATH SELECTIONS TO GET TO THE DESCRIPTION OF THE ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING GRANTS HTTPS://WWW.HUD.GOV/PROGRAM_OFFICES/COMM_PLANNING/EDI-GRANTS, SELECT THE FISCAL YEAR OF INTEREST, SCROLL DOWN TO PROGRAM LAWS AND REGULATIONS, UNDER FISCAL YEAR 20XX CONSOLIDATED APPROPRIATIONS ACT, 20XX: CONGRESSIONAL RECORD (JOINT EXPLANATORY STATEMENT).; EXPECTED OUTCOMES: COMPLETION OF THE PROJECT AS DESCRIBED IN THE JOINT EXPLANATORY STATEMENT (JES) PROJECT DESCRIPTION AND SUBSEQUENT APPROVED PROJECT NARRATIVE.; INTENDED BENEFICIARIES: THE PROJECT BENEFICIARIES ARE THE INDIVIDUALS AND/OR ORGANIZATIONS THAT ARE AWARDED GRANT FUNDS OR SERVED BY THE ENTITIES THAT ARE AWARDED GRANT FUNDS AS IDENTIFIED IN THE JES RECIPIENT OR PROJECT DESCRIPTION SECTIONS.; SUBRECIPIENT ACTIVITIES: THE SUBRECIPIENT ACTIVITIES ARE UNKNOWN AT THE TIME OF AWARD.
Department of Housing and Urban Development
$1M
ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS
Source: Federal Audit Clearinghouse (fac.gov)
Years audited
2
Clean years
2
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditurecombined across all audits filed that year | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $1.9M | No | 2025-06-09 |
| 2023 | Clean | Unmodified (Clean) | $1.6M | No | 2024-05-24 |
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$1.9M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$1.6M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $12M | $11.3M | $9M | $53.4M | $34.2M |
| 2023IRS e-File | $7.4M | $7.8M | $5.2M | $48.2M | $31.1M |
| 2022 | $7.4M | $7.1M | $3.7M | $35.7M | $27.9M |
| 2021 | $8.8M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Greta Harris | President & CEO | 40 | $355.5K | $0 | $61.4K | $416.9K |
| Julie Hovermale | Vice President & CFO | 40 | $211.7K | $0 | $15.7K | $227.4K |
| Alana Gonzalez | Chief Operating Officer | 40 | $217.4K | $0 | $3,317 | $220.7K |
| Todd Waldo | Chair | 2 | $0 | $0 | $0 | $0 |
| Kristin Swanlund | Vice Chair | 2 | $0 | $0 | $0 | $0 |
| Veronica Fleming | Secretary | 2 | $0 | $0 | $0 | $0 |
| Richard Dickinson | Treasurer | 2 | $0 | $0 | $0 | $0 |
Greta Harris
President & CEO
$416.9K
Hrs/Wk
40
Compensation
$355.5K
Related Orgs
$0
Other
$61.4K
Julie Hovermale
Vice President & CFO
$227.4K
Hrs/Wk
40
Compensation
$211.7K
Related Orgs
$0
Other
$15.7K
Alana Gonzalez
Chief Operating Officer
$220.7K
Hrs/Wk
40
Compensation
$217.4K
Related Orgs
$0
Other
$3,317
Todd Waldo
Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Kristin Swanlund
Vice Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Veronica Fleming
Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Richard Dickinson
Treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Lee Alford | Director Of Multi-family Devel | 40 | $132.6K | $0 | $25.8K | $158.4K |
| Matt Scaparro | VP Of Property Management | 40 | $132.5K | $0 | $23.5K | $156K |
Lee Alford
Director Of Multi-family Devel
$158.4K
Hrs/Wk
40
Compensation
$132.6K
Related Orgs
$0
Other
$25.8K
Matt Scaparro
VP Of Property Management
$156K
Hrs/Wk
40
Compensation
$132.5K
Related Orgs
$0
Other
$23.5K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Atma Iyer | Immediate Past Chair | 2 | $0 | $0 | $0 | $0 |
| Beverly Walker | Director | 2 | $0 | $0 | $0 | $0 |
| Carolyn Rewane | Director | 2 | $0 | $0 | $0 | $0 |
| Carter Mcdowell | Co-founder | 2 | $0 | $0 | $0 | $0 |
| Cheryl Groce-Wright | Director | 2 | $0 | $0 | $0 | $0 |
| David Ring | Director |
Atma Iyer
Immediate Past Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Beverly Walker
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Carolyn Rewane
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $8.2M |
| $3.9M |
| $28.8M |
| $23.5M |
| 2020 | $7M | $6.4M | $3.2M | $20.8M | $18.6M |
| 2019 | $4.9M | $4.4M | $2.9M | $16.1M | $14.8M |
| 2018 | $4.9M | $3.8M | $3.2M | $12.9M | $12.7M |
| 2017 | $4.2M | $3.4M | $2.8M | $11.3M | $11.1M |
| 2016 | $3.1M | $2.5M | $3.1M | $10.5M | $9.7M |
| 2015 | $3.5M | $2.5M | $3.5M | $10.4M | $9.8M |
| 2014 | $6M | $3.3M | $3M | $10.4M | $9.8M |
| 2013 | $3.7M | $2.3M | $5.1M | $9.2M | $6.7M |
| 2012 | $3.8M | $2.5M | $3.3M | $10.1M | $8.2M |
| 2011 | $3.9M | $2.1M | $3.1M | $10.1M | $7.6M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 2 |
| $0 |
| $0 |
| $0 |
| $0 |
| Dr Lori Dwyer | Director | 2 | $0 | $0 | $0 | $0 |
| Duke Dodson | Director | 2 | $0 | $0 | $0 | $0 |
| Linda T Hines | Director | 2 | $0 | $0 | $0 | $0 |
| Lissy S Bryan | Past Chair | 2 | $0 | $0 | $0 | $0 |
| Patricia Bradby Moore | Director | 2 | $0 | $0 | $0 | $0 |
| Paul Sheehy | Director | 2 | $0 | $0 | $0 | $0 |
| Rev Dr Robert Diggs | Director | 2 | $0 | $0 | $0 | $0 |
| Sarah Brooks | Director | 2 | $0 | $0 | $0 | $0 |
| Vida Williams | Director | 2 | $0 | $0 | $0 | $0 |
| Zanas Talley | Director | 2 | $0 | $0 | $0 | $0 |
Carter Mcdowell
Co-founder
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Cheryl Groce-Wright
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
David Ring
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Dr Lori Dwyer
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Duke Dodson
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Linda T Hines
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Lissy S Bryan
Past Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Patricia Bradby Moore
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Paul Sheehy
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Rev Dr Robert Diggs
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Sarah Brooks
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Vida Williams
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Zanas Talley
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0