Southside Transformation Opportunities for Residents and Youth
P.O. Box 1649
Hopewell VA 23860
Mission Statement

To provide access and exposure to programs and services that will renew minds and restore hope for low-income individuals and families in the Southside Region.

Leadership
CEO/Executive Director Kathryn Thompson
Board Chair Herbert Bragg
Board Chair Company Affiliation City of Hopewell
Contact Information
Address P.O. Box 1649
Hopewell, VA 23860
Telephone 804 502-0390
E-mail
History and Background
Year of Incorporation 2015
Financial Summary
Revenue vs Expense Bar Graph - All Years
Expense Breakdown Bar Chart - All Years
 
 
Projected Revenue $181,892.00
Projected Expenses $181,892.00
Statements
Mission

To provide access and exposure to programs and services that will renew minds and restore hope for low-income individuals and families in the Southside Region.

Impact

1. STORY is a community organization whose first responsibility is to serve low-income individuals and families, helping them develop a new mindset and new way of life;

2. STORY is a regionally-focused organization that uses existing data to drive decision making for the Southside Region;

3. STORY is firmly committed to transparency, and will build and maintain the trust of its customers, funders, volunteers, and other stakeholders; and,

4. STORY is dedicated to sustaining and enhancing services to the community by utilizing and managing partnerships effectively.

Needs
STORY has the following needs:
 
1. Financial support
2. Board advisory members
3. Volunteers
4. Partnerships
5.  Office Space
Background
The Hopewell Redevelopment and Housing Authority (HRHA) is a government organization located in Hopewell, Virginia. Its mission is to provide quality affordable housing for families and individuals. HRHA was awarded a capacity building grant from the Virginia Housing Development Authority (VHDA) which includes the creation of a separate nonprofit organization (Southside Transformation Opportunities for Residents and Youth – STORY), to support the development of additional resources for resident services. In March 2016, the STORY Board of Directors initiated a process to develop a strategic plan for the first two years of operation.
 
STORY currently has a staff of two persons and one AmeriCorps VISTA position awarded through a grant from the Virginia Mentoring Partnership.  Staff along with the board will seek to develop programs for youth STEM education and workforce development, afterschool programming, youth cultural and creative arts, homeownership and other self-sufficiency programs.   
CEO Statement

STORY is very new and is in the process of becoming a successful nonprofit organization. STORY has received its first micro grant from the National Center for Women in Technology (NCWIT), which will allow the organization to hold its first quarterly technology workshop with girls in upper elementary school grades. The ML2 after school program is also transition from HRHA to STORY.  Being a new organization we are facing the challenge of building awareness of our brand and mission. This challenge is being addressed through creation of a communications plan as a component to a comprehensive two year strategic plan developed with Najmah Thomas Consulting.

Another challenge is establishing and maintaining mutually beneficial agreements with partners for collaborative grants and proposals. This challenge is being addressed in a few different ways: first we are in the process of identifying at least 10 funding opportunities and establishing the Southside Grant Development Collaborative. We are also submitting a minimum of 3 collaborative grant proposals.

While we face an uphill climb, each board member brings a unique contribution to STORY. I am proud to serve as the President of the board as I am a recipient of housing assistance through HRHA. I personally know what it is to struggle and feel like it’s a lack of resources for people who genuinely care without placing a judgement. It’s a lot of negative stigmatism attached with being low-income or living in an income driven facility that a person has to overcome. I am a mother of three girls and I know the programs that Story will have to offer will be a great asset to their future.

In closing I believe that the youth from low-income families need preparation in order to connect to and participate in the new economy. Story will help with the rebuilding and renewing of hope for a better quality of life in the Southside region by“Transforming the Southside Region, one Story at a time." One of my favorite quotes is “Thousands of candles can be lighted from a single candle, and the life of the candle will not be shortened. Happiness never decreases by being shared”. (Buddha)

Areas of Service
Areas Served
Area
Tri-cities Region
Hopewell
Colonial Heights
Petersburg 
Board Chair
Board Chair Herbert Bragg
Company Affiliation City of Hopewell
Term Nov 2016 to Dec 2017
Email herbert.bragg@hopewellva.gov
Board CoChair
Board CoChair Alison Noble
Company Affiliation Smart Beginnings
Term May 2017 to Dec 2017
Board of Directors
Board Members
NameAffiliation
Lisa Aikins-Afful Celrion
Steven A. Benham Hopewell Redevelopment and Housing Authority
Herbert Bragg City of Hopewell
Vernon Garrett Liberty Mutual Insurance
Alison Noble Hopewell Prince George Smart Beginnings
Andrea Simmons Virginia Dept. of Social Services
Judith Smith Crater Planning District
Board Demographics - Ethnicity
African American/Black 7
Asian American/Pacific Islander 0
Caucasian 2
Hispanic/Latino 0
Native American/American Indian 0
Board Demographics - Gender
Male 3
Female 4
Governance
Board Term Lengths 3
Board Term Limits 1
Written Board Selection Criteria? Under Development
Written Conflict of Interest Policy? Under Development
Percentage Making Monetary Contributions 100
Percentage Making In-Kind Contributions 0
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 Kathryn Thompson
Experience Kathryn Thompson has over 10 years experience working in development for nonprofit organizations.  Her last seven years have been spent working towards improving the lives of public housing residents through program and fund development for the Petersburg and Hopewell Redevelopment and Housing Authorities.
Co-CEO
Co-CEO Kathryn Thompson
Term Start May 2016
Email kathryn@storyva.rog
Staff
Full Time Staff 1
Part Time Staff 0
Volunteers 0
Contractors 1
Retention Rate 100
Plans
Organization has a Fundraising Plan? Yes
Organization has a Strategic Plan? Yes
Years Strategic Plan Considers 2
Date Strategic Plan Adopted Aug 2016
Management Succession Plan? Under Development
Organization Policy and Procedures Under Development
Nondiscrimination Policy Under Development
Whistleblower Policy No
Document Destruction Policy No
Directors and Officers Insurance Policy No
Programs
Description
Fiscal Year
Projected Revenue $181,892.00
Projected Expenses $181,892.00
Spending Policy N/A
Form 990s
Audit Documents
IRS Letter of Exemption
Detailed Financials
Expense Allocation
Fiscal Year201620152014
Program Expense$10,223----
Administration Expense$753----
Fundraising Expense$0----
Payments to Affiliates------
Total Revenue/Total Expenses3.21----
Program Expense/Total Expenses93%----
Fundraising Expense/Contributed Revenue0%----
Assets and Liabilities
Fiscal Year201620152014
Total Assets$24,213----
Current Assets$24,213----
Long-Term Liabilities$0----
Current Liabilities$0----
Total Net Assets$24,213----
Short Term Solvency
Fiscal Year201620152014
Current Ratio: Current Assets/Current Liabilities------
Long Term Solvency
Fiscal Year201620152014
Long-Term Liabilities/Total Assets0%----
Capital Campaign
Currently in a Capital Campaign? No
Capital Campaign Anticipated in Next 5 Years? No
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit Application Confirmation 9/2016View
Comments
Organization Comments STORY is a newly established nonprofit with no prior financial history.  It is receiving financial support from the Hopewell Redevelopment and Housing Authority while it uses the public provider funding model to seek funding that will make it a financially independent organization.  Special events and fundraisers are also being planned to raise funds.  Our challenge is the ability to create programming to compete with grant deadlines with limited staffing and volunteers.