SECOND ACT COMMUNITIES

VIRGINIA BEACH, VA | Virginia Beach City
Affordable Housing

Overview

SECOND ACT COMMUNITIES
54-1655399
2400 POTTERS ROAD
VIRGINIA BEACH, VA 23454
Virginia Beach City
(757) 463-9516

Mission Statement info

WE CREATE HOUSING AND SUPPORTIVE SERVICES THAT PROFOUNDLY CHANGE THE LIVES OF OUR NEIGHBORS ACROSS THE UNITED STATES.

Founded info
1993
Total Employees info
4
Total Volunteers info
12
CRA Category info
  • Affordable Housing
Nonprofit location info
  • Opportunity Zone
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
L20

L - Housing, Shelter

Housing Development, Construction & Management

Organizations that build, rehabilitate, manage and/or provide rental housing for low-income individuals and families, older adults and people with disabilities; or which make purchasable housing available to low or moderate income families by offering lower priced housing and/or affordable payment plans, by arranging for interest or mortgage subsidies or by involving eventual owners in the construction process (sweat equity). Use this code for organizations that provide housing services for a wide range of individuals or for those that offer housing options for low income tenants that are not specified below.

IRS Activity Codes info
381
Low and moderate income housing
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
624229
Other Community Housing Services

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$2.4M
Revenue
$1.2M
Assets
$4.5M
Exempt Ruling Date info
1993-05
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
VA
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
2400 POTTERS ROAD
VIRGINIA BEACH, VA 23454
Virginia Beach City
FIPS Geocoded Address info
47260
MSA/CBSA info
51
State info
810
County info
0454.07
Tract info
Middle
Income Level info
Core-Based Statistical Area info
Virginia Beach-Norfolk-Newport News, VA-NC
Combined Statistical Area info
Virginia Beach-Norfolk, VA-NC
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 29.91%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0454.07 Virginia Beach City
Population
Total Population 4,855 450,201
Total Households 1,555 170,798
Income
Median Family Income (Census*) $62,500 $76,610
Median Family Income (2019 FFIEC) $75,800 N/A
Tract Income Percentage 89.57% N/A
Below Poverty Level 8.6% 7.3%
Unemployment Level 5.6% 4.6%
Housing
Total Housing Units 1,585 184,794
Total Owner-Occupied Units 76.0% 63.7%
Total Renter-Occupied Units 22.1% 36.3%
Total Vacant Units 1.9% 5.9%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

11
Total Voting Members
in Governing Body
info
11
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Addie Thomason
Chief Executive Officer
(757) 463-9516
Principal Officer info
Addie Thomason
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.