Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1990.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
58 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
4 people listed on the 990; $120K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| H Scott Hardison | $108,000 | $108,004 | $117,000 | $120,000 | $120,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Builds and provides affordable housing for low-income residents in Hampton Roads.
Questions for Hampton Roads Development Corporation
Your first name shows with your question. Hampton Roads Development Corporation answers here, for everyone.
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Provide affordable low income housing
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $7K | $46K |
| InvestmentsLn 11–13 | $1.1M | $891K |
| Land, buildings, equipmentLn 10c | $1000K | $943K |
| Total assetsLn 16 | $2.1M | $1.9M |
| LiabilitiesLn 26 | $412K | $401K |
| Net assetsLn 32 | $1.6M | $1.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $120K | $84K | $36K | $0 |
| Pay of disqualified personsLn 6 | $9K | $6K | $3K | $0 |
| Accounting feesLn 11c | $4K | $0 | $4K | $0 |
| Investment management feesLn 11f | $1K | $0 | $1K | $0 |
| Office expensesLn 13 | $6K | $0 | $6K | $0 |
| TravelLn 17 | $560 | $560 | $0 | $0 |
| InterestLn 20 | $4K | $0 | $4K | $0 |
| Depreciation, depletion and amortizationLn 22 | $57K | $34K | $22K | $0 |
| InsuranceLn 23 | $12K | $5K | $7K | $0 |
| Other expenses (24a–d)Ln 24 | $21K | $14K | $8K | $0 |
| All other expensesLn 24e | $85K | $42K | $43K | $0 |
| Total functional expensesLn 25 | $321K | $186K | $135K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $190K | $292K | −$102K | $1.0M | 990 PDF |
| FY2023 | $134K | $265K | −$130K | $1.2M | 990 PDF |
| FY2022 | $110K | $314K | −$204K | $1.3M | 990 PDF |
| FY2021 Viewing | $154K | $321K | −$167K | $1.5M | 990 PDF |
| FY2020 | $198K | $316K | −$118K | $1.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $153,577 revenue, 12 lines filed
Part VI · Governance 3 of 4 board members independent, 4 to look at
Part VIII · Statement of revenue $153,577 across 4 lines filed
Part IX · Statement of functional expenses $320,658 across 11 lines filed
Part X · Balance sheet $1,879,940 assets, 9 lines filed
Part XI · Reconciliation of net assets $1,479,110 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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