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South River Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541877843 ✦ Waynesboro, VA ✦ Designated as a 501(c)(3)

Overview

What is South River Development Corporation?

South River Development Corporation is a nonprofit organization based in Waynesboro, Virginia. With a focus on special needs and low-income housing projects, they dedicate their efforts to the development and management of residential properties that cater to these populations. With a team of 32 employees, they work tirelessly to ensure the well-being and comfort of the residents in these projects. Their mission is deeply rooted in providing affordable and suitable housing solutions, thereby enhancing the quality of life for those in need.


Is South River Development Corporation legitimate?

South River Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South River Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $136,665

For more financial information, click here


What is the mission statement of South River Development Corporation?
Who is the CEO of South River Development Corporation?
What is the revenue of South River Development Corporation?
Who are the executives of South River Development Corporation and what are their salaries?
Where can I find the form 990 for South River Development Corporation?

Mission Statement of South River Development Corporation

South River Development Corporation is dedicated to the development and management of housing projects that cater to individuals with special needs and families falling under the low-income bracket. The organization's mission is to create living spaces that cater to these specific groups, ensuring they have access to safe and comfortable homes. By focusing on special needs and low-income housing projects, South River Development Corporation aims to contribute to the well-being and stability of these communities. Through its development and management efforts, the corporation seeks to enhance the living conditions and improve the quality of life for the residents it serves.

Impact

This information is meant to be a general summary of South River Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

South River Development Corporation's impact can be seen in the successful development and management of special needs and low-income housing projects in Waynesboro, VA. They have made significant strides in providing accessible and affordable housing options for individuals in need, contributing to the improvement of living conditions and overall community well-being. Through their dedicated efforts, South River Development Corporation plays a crucial role in addressing the housing needs of vulnerable populations and promoting social equity in the region.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,582
  • Program Service Revenue: $1,401,569
  • Gross Receipts: $1,403,151

    • Assets and Liabilities:
  • Total Assets: $8,422,474
  • Total Liabilities: $3,359,049
  • Net Assets: $5,063,425
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENT

    Revenue

    $971,183

    OTHER PROGRAM INCOME

    Revenue

    $430,386

    Organization Details

    Founding Year

    1997

    Principal Officer

    Kim Byrd

    Main Address

    PO BOX 1138, WAYNESBORO, VA, 22980

    NTEE Category

    Code: P80 - Human services

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