Southside Community Development & Housing Corporation
1624 Hull Street
Richmond VA 23224-3806
Mission Statement

SCDHC’s mission is to use a holistic approach to create viable, thriving and sustainable communities. Our purpose is to provide quality residential and commercial development, supportive resources, services and programs throughout the Central Virginia region.

In 1998, SCDHC was certified as a HUD-Approved Housing Counseling Agency. We launched our housing counseling program for first-timehomebuyers, now known as "Project First Home." Over the past decade, we have added financial education and counseling to our services to respond to the belief that the overall well-being of a community is stronger when its citizens are financially capable. We offer financial education and counseling under the umbrella of our "Finances First" program.

With our emphasis on financial preparation for homeownership, we have led the state in Virginia Individual Development Account (VIDA) Program enrollment, with 94 participants.  When enrollment ends for this funding period on 3/31/2016, we expect to have over 100 enrolled participants. To date, we have had 19 successful graduates with 28 more on target to graduate this year.  Of those remaining, 38% have already saved most of their $2,000.00 contribution; and the remaining participants have until August 2017 to save their money and achieve their asset goal. Our Housing Counseling Program has provided housing and financial education services for over 1,500 clients this year and 5,800 since 1999.

Today SCDHC is recognized as a leading HUD-approved housing counseling agency in homeownership preparation, financial empowerment and foreclosure prevention. We provide housing counseling services, down payment assistance and develop affordable, energy-efficient housing for culturally diverse and mixed-income residents. In addition, SCDHC has recently launched the Southside Community Development Education Improvement Scholarship Fund to provide private school scholarships to students in need. The program is designed to help students from low-income households, as well as students with special needs. Individual and business taxpayers in Virginia can receive tax credits worth 65 percent of their donations to Southside  Community Development Scholarship Fund.

In essence, we are revitalizing communities and restoring hope by providing services in five key areas:

  1. Housing Development
  2. Homeownership and Financial Education
  3. Housing Counseling Services
  4. Down Payment Assistance and Closing Cost Subsidies
  5. Educational Scholarships
Web and Social Media
Leadership
CEO/Executive Director Mrs. Dianna Bowser
Board Chair Mr. Lawrence D. Wilder Jr.
Board Chair Company Affiliation Commonwealth of Virginia
Contact Information
Address 1624 Hull Street
Richmond, VA 232243806
Telephone 804 231-4449 101
Fax 804 233-3020
E-mail community@scdhc.com
History and Background
Year of Incorporation 1989
Financial Summary
 
 
Projected Revenue $1,965,444.00
Projected Expenses $1,965,444.00
Statements
Mission

SCDHC’s mission is to use a holistic approach to create viable, thriving and sustainable communities. Our purpose is to provide quality residential and commercial development, supportive resources, services and programs throughout the Central Virginia region.

In 1998, SCDHC was certified as a HUD-Approved Housing Counseling Agency. We launched our housing counseling program for first-timehomebuyers, now known as "Project First Home." Over the past decade, we have added financial education and counseling to our services to respond to the belief that the overall well-being of a community is stronger when its citizens are financially capable. We offer financial education and counseling under the umbrella of our "Finances First" program.

With our emphasis on financial preparation for homeownership, we have led the state in Virginia Individual Development Account (VIDA) Program enrollment, with 94 participants.  When enrollment ends for this funding period on 3/31/2016, we expect to have over 100 enrolled participants. To date, we have had 19 successful graduates with 28 more on target to graduate this year.  Of those remaining, 38% have already saved most of their $2,000.00 contribution; and the remaining participants have until August 2017 to save their money and achieve their asset goal. Our Housing Counseling Program has provided housing and financial education services for over 1,500 clients this year and 5,800 since 1999.

Today SCDHC is recognized as a leading HUD-approved housing counseling agency in homeownership preparation, financial empowerment and foreclosure prevention. We provide housing counseling services, down payment assistance and develop affordable, energy-efficient housing for culturally diverse and mixed-income residents. In addition, SCDHC has recently launched the Southside Community Development Education Improvement Scholarship Fund to provide private school scholarships to students in need. The program is designed to help students from low-income households, as well as students with special needs. Individual and business taxpayers in Virginia can receive tax credits worth 65 percent of their donations to Southside  Community Development Scholarship Fund.

In essence, we are revitalizing communities and restoring hope by providing services in five key areas:

  1. Housing Development
  2. Homeownership and Financial Education
  3. Housing Counseling Services
  4. Down Payment Assistance and Closing Cost Subsidies
  5. Educational Scholarships
Impact

As part of our holistic approach to community revitalization, we offer a wide array of programs and services targeted to low-to-moderate income families. We are not only building affordable housing, but we are also offering housing counseling and financial education services to support homeownership. In addition, we offer assistance with rental counseling to families in need. Our first-time homebuyers are prepared for homeownership through our "Project First Home" program, and families who need to build a financial foundation before purchasing a home enroll in our "Finances First" program.

In 2013, SCDHC was honored to be selected as the Intermediary for the Richmond Metropolitan area for the VIDA Matched Savings Program. This innovative program matches $2 for every $1 clients save. Homebuyers who save a maximum of $2,000 within two years receive $4,000 toward the purchase of any home in Virginia. The program also matches funds for entrepreneurship and education. Each homeownership saver is required to receive a minimum of six hours of asset specific training and eight hours of financial literacy education.

With our emphasis on financial preparation for homeownership, we have led the state in VIDA Program enrollment, with 94 participants. We have also provided housing and financial education services for over 1500 residents this year and 5,800 clients since 1999.                          

In 2013, we started the development and planning of single family homes in four communities in the City of Richmond, one community in Chesterfield County, and several scattered communities in Henrico County.

City of Richmond
  • Bellmeade - 16 homes
  • Blackwell - 9 homes
  • Church Hill - 9 homes
  • Highland Park - 40 homes
Chesterfield County
  • Rachel's Way - 34 homes 
 Henrico County
  • Scattered sites

Our strategic goals include:

  • Growing our residential services program into a one-stop service center for housing and commercial development, and homeownership counseling and realty services.
  • Strengthening alliances with city, state, nonprofits, faith based groups, and for-profit developers to enhance services, rebuild neighborhoods, and advocate for reform.
  • Revitalizing communities by encouraging entrepreneurship and creating business opportunities.
  • Expanding our education scholarship program to reach out to more students in need. 

 

Our specific financial education program goals for 2015 include:

 

  • Graduating 20 VIDA participants by 6/30/2016
  • Enrolling 15 additional VIDA participants by 6/30/2016
  • Providing financial literacy education to 300 English-speaking participants by 6/30/2016
  • Providing financial literacy education to 100 Spanish-speaking participants by 6/30/2016

 

Needs
Monetary Needs
  • $3 million to develop 16 homes in Mimosa Creek
  • $7 million to develop 33 homes in Matthew Heights (Highland Park)
  • $2 million to finish completion of 34 remaining homes in Rachel's Way (Chesterfield County subdivision)
  • $1.2 million to rehab and construct seven homes in Church Hill
  • $5.5 million to develop multifamily unit in Swansboro
 
People
  • Funds Developer
  • Real Estate Developer
 
Other Needs
  • 20-passenger bus for Housing Tours
Background
Southside Community Development & Housing Corporation (SCDHC) opened its doors in 1988 and serves Metropolitan Richmond and surrounding counties. We are a nonprofit community development corporation based in the Old South District of Richmond and we are improving neighborhoods by repopulating the community with first-time homebuyers.  SCDHC is committed to developing attractive, affordable, energy-efficient housing units for culturally diverse, income- mixed residents. In addition, we offer housing counseling services, financial education, and down payment assistance. 
 
SCDHC received the Governor's Award for Excellence for Outstanding Development in difficult to develop areas in 1995. 
 
Projects Include:
  • 1992-1993 - Paradise Place - Phase I
  • 1993-1995 - Paradise Place - Phase II
  • 1996-1997 - Bainbridge Street Revitalization
  • 1997-2004 - Old Manchester Revitalization Project - Phase I and II
  • 1997-1999 - Decatur Street Revitalization - Phase I
  • 1999-Present - Neighborhoods in Bloom-Blackwell Revitalization Project
  • 2003-2007 - Carver/Newtowne West Revitalization Project
  • 2005-2009 - HOPE VI Blackwell and Swansboro
  • 2005-Present - Bellemeade Community
  • 2006-Present - Henrico County Community Development
  • 2008-Present - Highland Park Community
  • 2008-Present - Church Hill Revitalization Project
  • 2008-Present - Swansboro Revitalization Project
  • 2008-Present - Chesterfield County Community Development
 
Homeownership Counseling Services
  • 1998 - Approved and certified as a HUD-Approved Housing Counseling Agency
  • 2004-2010 - VHDA selected SCDHC to receive SPARC funds totaling $24,500,000 in grant funds to provide homeownership education and counseling.
  • 2011-Present - Awarded a contract by VHDA to provide comprehensive housing counseling services in the City of Richmond and Richmond-Petersburg MSA.  Also awarded a contract to provide Counseling for the Emergency Homeownership Loan Program (EHLP).
  • 2006-Present - HOMEFREE USA awarded SCDHC a contract to provide comprehensive housing counseling services in the City of Richmond and Richmond-Petersburg MSA for Foreclosure Mitigation Counseling statewide.
 
Multifamily Development
  • Chicago Manor - 75 units, two-bedroom apartments
  • Maury Park Senior Apartments - 45 units for seniors
  • Sandston Plateau Retirement Community:  100 units of independent living  one and two bedroom apartments
 
Areas of Service
Areas Served
Area
Metro Richmond
Tri-cities Region
Richmond, City
Amelia County
Ashland
Chester
Chesterfield County
Colonial Heights, City
Dinwiddie County
Ettrick
Essex County
Goochland County
Hanover County
Henrico County
Hopewell, City
Matoaka
Petersburg, City
Powhatan County
Prince George County
Richmond County
Sussex County
Board Chair
Board Chair Mr. Lawrence D. Wilder Jr.
Company Affiliation Commonwealth of Virginia
Term July 2016 to June 2018
Email wildlaw@gmail.com
Board of Directors
Board Members
NameAffiliation
Ms. Caroline Browder Community Volunteer
Ms. Garrison R. Coward Community Volunteer
Mr. Antoine Green the 217 Group, LLC
Mr. Lionel Jordan Sr.Retired
Ms. Phyllis Keel Parallon Business Performance Group
Mrs. Twandra Lomax-Brown Virginia Cooperative Extension
Mr. Corey Martin Strayer University
Mrs. Tichi Pickney Epps Richmond Public School Board - 9th District
Mr. Ernesto Sampson Ameriprise
Mr. David White Wells Fargo
Mr. Lawrence D. Wilder Jr.Commonwealth of Virginia
Board Demographics - Ethnicity
African American/Black 10
Asian American/Pacific Islander 0
Caucasian 1
Hispanic/Latino 0
Native American/American Indian 0
Board Demographics - Gender
Male 7
Female 4
Governance
Board Term Lengths 2
Board Term Limits 2
Board Meeting Attendance % 75
Written Board Selection Criteria? Under Development
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 100
Percentage Making In-Kind Contributions 100
Number of Full Board Meetings Annually 4
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Executive Director
Executive Director Mrs. Dianna Bowser
Staff
Full Time Staff 6
Part Time Staff 0
Volunteers 1
Contractors 2
Retention Rate 89
Plans
Organization has a Fundraising Plan? Under Development
Organization has a Strategic Plan? Yes
Years Strategic Plan Considers 3
Management Succession Plan? Under Development
Organization Policy and Procedures Yes
Programs
Description
We have safe, affordable, quality homes for sale in:
 
  • Chesterfield County
  • City of Richmond
  • Henrico County
 
Budget $2,171,950.00
Description
SCDHC provides Down Payment Assistance for those wanting to purchase in Chesterfield County, City of Richmond and Henrico County.
Budget $186,668.00
Description
SCDHC provides counseling services in the following areas:
  • Foreclosure Intervention Counseling
  • Homebuyer Pre-purchase Counseling
  • Homebuyer Education Workshops (6-hour class)
  • Homebuyer Club (11-month class)
  • Virginia Individual Development Account (VIDA)

 

 

 

Budget $143,330.00
Short Term Success


 
Long Term Success Our "Finances First" financial education and counseling program furthers our mission by arming low-to-moderate income residents with the knowledge and skills needed to build assets and enter the financial mainstream. Our goal is to help create "mortgage-ready" residents who will be equipped with the tools for long-term success as homeowners. We hope that we can serve as a catalyst to transform lives, restore hope, and provide economic stability for future generations to come. We are also excited about "Project First Home," our housing counseling program for first-time homebuyers.



Fiscal Year
Projected Revenue $1,965,444.00
Projected Expenses $1,965,444.00
Form 990s
IRS Letter of Exemption
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
--$119,790$77,010
Government Contributions$1,776,828$2,576,006$1,689,938
Federal$1,379,185$2,518,123$1,125,240
State$211,234--$350,230
Local$186,409$57,883$214,468
Unspecified------
Individual Contributions$46,460$48,677$24,784
------
$3,292,200$1,916,850$2,198,258
Investment Income, Net of Losses$78,196$76,037$44,347
Membership Dues------
Special Events------
Revenue In-Kind------
Other$32,970$26,574$10,165
Expense Allocation
Fiscal Year201520142013
Program Expense$6,002,176$4,087,526$3,909,345
Administration Expense$165,962$163,699$176,712
Fundraising Expense$0----
Payments to Affiliates------
Total Revenue/Total Expenses0.851.120.99
Program Expense/Total Expenses97%96%96%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$9,183,710$11,027,419$9,614,466
Current Assets$7,524,374$9,420,953$8,069,796
Long-Term Liabilities$127,081$132,235$137,997
Current Liabilities$2,317,369$3,214,441$2,308,435
Total Net Assets$6,739,259$7,680,743$7,168,034
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities3.252.933.50
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets1%1%1%
Capital Campaign
Currently in a Capital Campaign? Anticipated In 3 Years
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit ExemptionView