EIN 23-2387629

The Veloric Foundation

Name: The Veloric Foundation financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Bala Cynwyd

State

Pennsylvania

Year formed

1986

Most recent tax filings

2022-12-01

NTEE code, primary

T20: Private Foundations

Description

To promote economic and community development, collaborate with neighborhood nonprofit organizations in The market street corridor of west philadelphia to determine best use of property located at 47th and market street; to enhance affordable housing and healthcare opportunities in willingboro, new jersey.

Also known as...

Community Care and Development Corporation

Total revenues

$8,644,407

2022

Total expenses

$1,051,342

2022

Total assets

$13,420,955

2022

Num. employees

2022

Program areas at The Veloric Foundation

Planning, development and support to promote economic and community growth, education, and The arts.

Below-market rental of real estate to support The economic development and expansion of The area surrounding septa's prominent transit node at 46th street on market street, known as The 46th and market streets transit revitalization investment district ("septa trid"). Ccdc seeks to support business and nonprofit organizations located in The septa trid and along The market street corridor in west philadelphia to further advance transit center development in this underserved area and is actively reviewing various projects.

To promote and develop economic and community growth, education and The arts.

Grants made by The Veloric Foundation

Grantee	Grant description	Grant year	Amount
American Jewish Committee (AJC)	General Operating Support	2022-12	$100,000
American University (AU)	General Operating Support	2022-12	$100,000
Thomas Jefferson University	General Operating Support	2022-12	$100,000
...and 8 more grants made

Personnel at The Veloric Foundation

Name	Title	Compensation	Date of data
Michael Veloric	Director	$0	2024-09-10
Daniel Veloric	President	$0	2015-02-24
Daniel Veloric Sole	Member		2014-03-11

Financials for The Veloric Foundation

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$0	$27,269	-100%
Investment income and dividends	$133,839	$0	999%
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$8,440,439	$0	999%
Gross sales of inventory	$0	$0	-
Miscellaneous revenues	$70,129	$71,262	-1.6%
Total revenues	$8,644,407	$98,531	8673.3%

Form 990s for The Veloric Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-11-08	990PF	View PDF
2022-12	2024-09-10	990PF	View PDF
2021-12	2024-08-09	990PF	View PDF
2018-12	2020-06-04	990	View PDF
2017-12	2018-12-17	990	View PDF
...and 8 more Form 990s

Organizations like The Veloric Foundation

Organization	Type	Location	Revenue
The Cheryl and David Gross Foundation	501(c)(3)	Clifton, NJ	$2,585,005
Perry and Donna Golkin Family Foundation	501(c)(3)	New York, NY	$3,998,457
Safelite Charitable Foundation	501(c)(3)	Columbus, OH	$4,639,433
The Roger I and Ruth B MacFarlane FNDN	501(c)(3)	Los Angeles, CA	$2,896,948
Sea Change Foundation	501(c)(3)	San Francisco, CA	$6,950,242
Taylor Family Foundation	501(c)(3)	St Louis, MO	$4,448,892
Joplin Historical Neighborhoods	501(c)(3)	Joplin, MO	$8,035,000
Swanee Hunt Family Foundation	501(c)(3)	Washington, DC	$2,215,222
The Hunt Family Foundation	501(c)(3)	El Paso, TX	$9,100,000
Booz Allen Hamilton	501(c)(3)	Washington, DC	$3,024,729

Data update history

October 21, 2024

Posted financials

Added Form 990PF for fiscal year 2022

October 21, 2024

Updated personnel

Identified 4 new personnel

September 26, 2024

Posted financials

Added Form 990PF for fiscal year 2021

September 22, 2024

Used new vendors

Identified 4 new vendors, including , , , and

September 22, 2024

Updated personnel

Identified 2 new personnel

Nonprofit Types

Family foundationsGrantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities

Issues

Human servicesJobs and employment

Characteristics

Provides grantsTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 130 Presidential Blvd Suite 210; Bala Cynwyd, PA 19004
Metro area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County: Montgomery County, PA
Website URL: ccdcgroup.org/
Phone: (610) 664-2200

IRS details

EIN: 23-2387629
Fiscal year end: December
Taxreturn type: Form 990-PF
Year formed: 1986
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: T20: Private Foundations
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

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The Veloric Foundation

Program areas at The Veloric Foundation

Grants made by The Veloric Foundation

Personnel at The Veloric Foundation

Financials for The Veloric Foundation

Form 990s for The Veloric Foundation

Organizations like The Veloric Foundation

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