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EIN 23-2387629

The Veloric Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
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
0
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

GranteeGrant descriptionAmount
American Jewish Committee (AJC)General Operating Support$100,000
American University (AU)General Operating Support$100,000
Thomas Jefferson UniversityGeneral Operating Support$100,000
...and 8 more grants made

Personnel at The Veloric Foundation

NameTitleCompensation
Michael VeloricDirector$0
Daniel VeloricPresident$0
Daniel Veloric SoleMember

Financials for The Veloric Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$133,839
Net rental income$0
Net gain from sale of non-inventory assets$8,440,439
Gross sales of inventory$0
Miscellaneous revenues$70,129
Total revenues$8,644,407

Form 990s for The Veloric Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122024-09-10990PFView PDF
2021-122024-08-09990PFView PDF
2018-122020-06-04990View PDF
2017-122018-12-17990View PDF
2016-122017-12-06990View PDF
...and 7 more Form 990s
Data update history
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
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2018
December 17, 2018
Posted financials
Added Form 990 for fiscal year 2017
Nonprofit Types
Grantmaking 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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