Elizabeth River Properties: FY2020 Nonprofit Profile & Form 990 (EIN 54-1616280)

Revenue by fiscal year
FY2020	$162K
FY2021	$243K
FY2022	$203K
FY2023	$226K
FY2024	$170K
FY2025	$3

Expenses by fiscal year
FY2020	$213K
FY2021	$198K
FY2022	$186K
FY2023	$227K
FY2024	$2.1M
FY2025	Not on file

Net assets by fiscal year
FY2020	$1.9M
FY2021	$2.0M
FY2022	$2.0M
FY2023	$2.0M
FY2024	$62K
FY2025	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

92%

Program services 92% · $196K Management & general 8% · $17K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Brent Nielson

Secretary

$0Pt VII · Sec A

Margaret N Lancaster

Vice President

$0Pt VII · Sec A

Ralph Nichols JR

President

$0Pt VII · Sec A

Cherie C Walton

Treasurer

$0Pt VII · Sec A

Paula Y Johnson-Irby

Director

$0Pt VII · Sec A

Susan White

Director

$0Pt VII · Sec A

Vickie Haralson

Director

$0Pt VII · Sec A

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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

Provides safe, affordable housing and opportunities for residents with mental health, intellectual disability, or substance use disorders.

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Provided by the organization

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1 program · $196K · in their own filed words · FY2019

01

Rental of 15 properties providing housing to persons who experience a long term disability or substance use disorder.

$196Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 1 grant · $205K · 2023–2023

Cherp LLCFY2023$205,000

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$162K

Ln 12

Fees for servicesLn 2g$152K

Investment incomeLn 3$6K

Other incomeLn 4–11$4K

Money outPt IX

$213K

Ln 25

Programscol B$196K

Managementcol C$17K

Owns and owesPt X

$1.9M

net assets · Ln 32

Cash and savingsLn 1–2$347K

Total assetsLn 16$1.9M

LiabilitiesLn 26$5K

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$152K

Investment incomeLn 3$6K

Other incomeLn 4–11$4K

Total revenueLn 12$162K

Assets in detailPt X, end of year

CashLn 1$73K

SavingsLn 2$274K

Cash and savings togetherLn 1–2$347K

Land, buildings, equipmentLn 10c$1.6M

Total assetsLn 16$1.9M

LiabilitiesLn 26$5K

Net assetsLn 32$1.9M

OperationsPt I, VI

EmployeesI 50

VolunteersI 67

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$498K	$347K
Land, buildings, equipmentLn 10c	$1.5M	$1.6M
Total assetsLn 16	$2.0M	$1.9M
LiabilitiesLn 26	$11K	$5K
Net assetsLn 32	$2.0M	$1.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$18K	$18K
Legal feesLn 11b	$153		$153
Accounting feesLn 11c	$14K		$14K
Office expensesLn 13	$340		$340
OccupancyLn 16	$75K	$75K
Depreciation, depletion and amortizationLn 22	$51K	$51K
InsuranceLn 23	$22K	$20K	$2K
Other expenses (24a–d)Ln 24	$32K	$32K	$116
Total functional expensesLn 25	$213K	$196K	$17K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$3			$0	990 PDF
FY2024	$170K	$2.1M	−$1.9M	$62K	990 PDF
FY2023	$226K	$227K	−$1K	$2.0M	990 PDF
FY2022	$203K	$186K	$17K	$2.0M	990 PDF
FY2021	$243K	$198K	$45K	$2.0M	990 PDF
FY2020 Viewing	$162K	$213K	−$51K	$1.9M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $161,888 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $115,352$151,957

I-10 Investment incomePrior year $3,741$6,131

I-11 Other revenuePrior year $6,476$3,800

I-12 Total revenuePrior year $125,569$161,888

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $165,540$212,752

I-18 Total expensesPrior year $165,540$212,752

I-19 Revenue less expensesPrior year −$39,971−$50,864

Part VI · Governance 7 of 7 board members independent, 5 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

Part VIII · Statement of revenue $161,888 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $151,957$151,957

VIII-3 Investment incomeExcluded from tax $6,131$6,131

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,800$3,800

VIII-12 Total revenueRelated to mission $155,757 · Unrelated business $0 · Excluded from tax $6,131$161,888

Part IX · Statement of functional expenses $212,752 across 8 lines filed

IX-11a Management feesPrograms $18,064$18,064

IX-11b Legal feesManagement $153$153

IX-11c Accounting feesManagement $13,845$13,845

IX-13 Office expensesManagement $340$340

IX-16 OccupancyPrograms $74,802$74,802

IX-22 Depreciation, depletion and amortizationPrograms $51,426$51,426

IX-23 InsurancePrograms $20,049 · Management $2,195$22,244

IX-24 Other expenses (24a–d)Programs $31,762 · Management $116$31,878

IX-25 Total functional expensesPrograms $196,103 · Management $16,649 · Fundraising $0$212,752

Part X · Balance sheet $1,927,517 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $156,895$72,687

X-2 Savings and temporary cash investmentsStart of year $341,531$274,103

X-4 Accounts receivableStart of year $3,534$1,000

X-9 Prepaid expenses and deferred chargesStart of year $5,189$11,696

X-10c Land, buildings and equipment, netStart of year $1,477,437$1,568,031

X-16 Total assetsStart of year $1,984,586$1,927,517

X-17 Accounts payable and accrued expensesStart of year $5,396$1,465

X-25 Other liabilitiesStart of year $5,824$3,550

X-26 Total liabilitiesStart of year $11,220$5,015

X-27 Net assets without donor restrictionsStart of year $1,973,366$1,922,502

X-32 Total net assets or fund balancesStart of year $1,973,366$1,922,502

X-33 Total liabilities and net assetsStart of year $1,984,586$1,927,517

Part XI · Reconciliation of net assets $1,922,502 net assets at year end

XI-1 Total revenue$161,888

XI-2 Total expenses$212,752

XI-3 Revenue less expenses−$50,864

XI-4 Net assets at start of year$1,973,366

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,922,502

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Elizabeth River Properties FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Elizabeth River Properties

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV