EIN 34-1704488

Village Capital Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
State
Year formed
1992
Most recent tax filings
2022-06-01
Description
Village Capital Corporation invests in the revitalization of Northeast Ohio's underserved communities through commercial lending and the development of minority contractors. VCC builds and strengthens these neighborhoods by providing capital to strategic real estate development projects that serve as a catalyst for revitalization. Their loans are deployed to projects that... and they are located in Cleveland, OH.
Total revenues
$2,325,742
2022
Total expenses
$1,080,129
2022
Total assets
$24,042,217
2022
Num. employees
0
2022

Program areas at Village Capital Corporation

Village Capital Corporation (VCC) builds and strengthens underserved neighborhood in Northeast Ohio by providing capital to strategic real estate development projects that serve as a catalyst for revitalization. Our loans capital is deployed to projects that: eliminate blight, provide quality housing and commercial assets, create jobs, foster economic diversity and inclusion, and promote positive social outcomes for residents.

Grants made by Village Capital Corporation

GranteeGrant descriptionAmount
Slavic Village DevelopmentChain Reaction Grant Recipient, CDC Support Grant$22,200
Collinwood and Nottingham Villages Development CorporationChain Reaction Grant Recipient$15,500
Old Brooklyn Community Development CorporationChain Reaction Grant Recipient$15,000

Who funds Village Capital Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Cleveland Neighborhood ProgressChain Reaction Grant Recipient$125,000
The Rockefeller FoundationFor General Support of Its Mission$25,000
Dollar Bank FoundationCommunity Development$25,000

Personnel at Village Capital Corporation

NameTitleCompensation
Tania MenessePresident and Chief Executive Officer$0
Jeff VerespejChief Operating Officer
Melodie SandersSenior Vice President of Finance
Edward StockhausenSenior Vice President of Advocacy and External Relations
Kc PetraitisVice President of Real Estate
...and 27 more key personnel

Financials for Village Capital Corporation

RevenuesFYE 06/2022
Total grants, contributions, etc.$1,600,000
Program services$723,620
Investment income and dividends$2,122
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,325,742

Form 990s for Village Capital Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-15990View PDF
2021-062022-05-13990View PDF
2020-062021-05-18990View PDF
2019-062021-05-11990View PDF
2019-062021-01-28990View PDF
...and 9 more Form 990s
Data update history
April 19, 2024
Used new vendors
Identified 1 new vendor, including
January 3, 2024
Received grants
Identified 1 new grant, including a grant for $25,000 from The Rockefeller Foundation
December 21, 2023
Updated personnel
Identified 34 new personnel
December 15, 2023
Updated personnel
Identified 9 new personnel
August 19, 2023
Received grants
Identified 3 new grant, including a grant for $200,000 from Third Federal Foundation
Nonprofit Types
Business and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
Address
11327 Shaker Blvd 500w
Cleveland, OH 44104
Metro area
Cleveland-Elyria, OH
County
Cuyahoga County, OH
Website URL
clevelandnp.org/vcc/ 
Phone
(216) 830-2770
IRS details
EIN
34-1704488
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1992
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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