Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
| (A)
Connecticut Children's Medical Center |
060646755 | 3 | Yes | 0 | 0 | |
| (B)
Hartford Hospital |
060646668 | 3 | Yes | 0 | 0 | |
| (C)
Trinity College |
060646927 | 2 | Yes | 0 | 0 | |
|
Total 3
|
0 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2021 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2021 |
(iii) Distributable Amount for 2021 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2021 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2021 (reasonable cause required-- explain in Part VI). See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2021: | ||||
| a From 2016....... | ||||
| b From 2017....... | ||||
| c From 2018....... | ||||
| d From 2019....... | ||||
| e From 2020....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2021 distributable amount | ||||
|
i
Carryover from 2016 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2021 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2021 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2021, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
6
Remaining underdistributions for 2021. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
7 Excess distributions carryover to 2022. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a Excess from 2017..... | ||||
| b Excess from 2018..... | ||||
| c Excess from 2019..... | ||||
| d Excess from 2020..... | ||||
| e Excess from 2021..... | ||||
| Facts And Circumstances Test |
|---|
| Part IV Section A Line 6 Southside supports 3 institutions, all 501c3 organizations located in the South Central Neighborhood of Hartford, CT. Our mission if to improve the quality of life in this neighborhood on behalf of our supported organizations. Part of our methodologies for bringing about these improvements includes furthering the education of residents and providing clean and affordable housing. As part of the education aspect Southside awards a number of scholarships to individuals who are attending college |
| Return Reference | Explanation |
|---|---|
| Part IV Section A Line 6 | These individuals are residents of our target neighbohood and could be considered members of the charitable classes served by Connecticut Childrens Medical Center and Hartford Hospital. Regarding the housing aspect Southside seeks out funding to rehabilitate or construct housing in our target neighborhood. These funds are then granted to our subsidiaries who perform the actual work. Much of these funds provide the capital necessary for Pope Park Zion, LLC a disregarded entity and wholly owned |
| Part IV Section A Line 6 | subsidiary to construct homes for sale to low to moderate income buyers. The homes are located in our target neighborhood. Eventually when the homes are sold, for less than cost, to the buyers they have the effect of increasing home ownership rates and the stability of the neighborhood. Additionally the purchasers and their families should qualify as members of the charitable classes served by the hospitals also. In any case all expenditures are related to our mission of support as designed by |
| Part IV Section A Line 6 | our supported organizations. The above actions and all other efforts by Southside help in bringing about economic vitality and improving the quality of life in our target neighborhood. |
| Software ID: | 21013562 |
| Software Version: | 21.0.3.0 |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part III, Line 4d | Program Service Expenses 552,579, Grants and allocations 0, Revenue 0 The balance of program services expenses relates to the formulaic allocation of the remaining expenses to program services. SINA uses its staff, offices, supplies and other allocated costs to operate its various subsidiaries and affiliates to accomplish its exempt mission including the following entities SINA Properties, Inc., general properties development, Pope Park Zion, LLC homeownership properties development, Urban Preservation I, LLC Urban Preservation Associates, LP, low income residential rental properties development and operation as well as assisting other local non profit organizations in their efforts. The allocation of these combined costs to specific items/tasks within this category is not feasible. |
| Form 990, Part VI, Section A, Line 6 | The organization has a single member, SINA Corporation a 501c4 organization that is its parent organization. |
| Form 990, Part VI, Section A, Line 7a | The board members of the organization are appointed by the single member per our bylaws. By default the executive committee of the SINA Corporation board chairperson/president, secretary treasurer serve as the board of Southside. |
| Form 990, Part VI, Section A, Line 7b | Only the annual budget is subject to outside approval. The budget is approved by the 3 members of SINA Corporation, our parent organization, who consist of the 3 organizations supported by Southside as noted in Form 990 Schedule A. The Southside budget determines the membership assessments the 3 members will pay to SINA Corp. which then contributes those amounts to Southside to fund its operations. |
| Form 990, Part VI, Section B, Line 11b | An electronic copy of the Form 990 is circulated by email to each board member for their review prior to filing. No specific procedures exist for the review process, however questions and comments are solicited. |
| Form 990, Part VI, Section C, Line 19 | Annual audited financial statements are available on our website, www.sinainc.org and upon request, governing documents are not available except as filed with Form 1023, no conflict of interest policy exists. |
| Form 990, Part VII, Section A, Line 1a | Reportable compensation from related organizations Since Southside does not have access to the payroll records at the related institutions where our directors work we request the information from the individual directors by email. We attach copies of Form 990 Part VII, Form 990 Schedule J and the instructions related to these forms to the emails. |
| Form 990, Part XI, Line 9 | Net change to temporarily restricted net assets 25,617. Difference between temporarily restricted grants received and released. Book to tax depreciation adjustment 1,240. total is 24,377. |
| Form 990, Part XII, Line 2b | While Southside is not audited as a separate entity it is included in the consolidated audited financial statements of it parent organization, SINA Corporation a 501c4 organization. Ths financials include consolidating statements which reflect the stand alone information for Southside. |
| Form 990, Part VI, Section A, Line 4 | As of 12/31/21 SINA Corporation, the sole member and parent organization to Southside, was dissolved. SINA Corporation was created at a time when it had 3 subsidiaries Southside, The Learning Corridor Corporation and the Vernon Street Bus Garage Cleanup Corporation. TLC VSBGCC were dissolved a number of years ago leaving Southside as the only subsidiary. At this point SINA Corporation was redundant leading to the decision to dissolve it. Southside can perform all actions necessary without a parent organization, including receiving membership assessments. The 3 members of SINA Corp CT Childrens Medical Center, Hartford Hospital and Trinity College become the members of Southside. This effectively returns Southside to the status it held prior to the creation of SINA Corp. The 9 member board of SINA Corp is now the board of Southside. All documents necessary for the dissolution of SINA Corp and the changes necessary to Southsides organization documents have been prepared. |
| Software ID: | 21013562 |
| Software Version: | 21.0.3.0 |