Program areas at VBCDC
Permanent rental housing funds include income and expenses directly associated with the rental of affordable low-income housing under noah, home, housing first, biznet, atlantis manor, cape henry, ocean trace, Beach park and Beach park west apartment projects. In addition, veterans first housing assistance, support services for veterans families (ssvf) grant activity, project Development fee income and investment activity are recorded under permanent rental housing funds.
Who funds Virginia Beach Community Development Corporation (VBCDC)
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| VB Home Now | 2022-12 | To Provide Financial Assistance for Utilities Such As Electricity, Water/sewer and Or Natural Gas Utility Bills To Needy Individuals and Veterans and Help Prevent These Residents From Returning To Homelessness. the Funding Is Expected To Assist at Least 20 Households in Need. | $7,000 |
| AmazonSmile Foundation | 2022-12 | General Support | $11 |
Personnel at VBCDC
| Name | Title | Compensation | Date of data |
|---|
| Jessica Guglielmo | Chief Executive Officer | $145,898 | 2024-05-08 |
| Kim Johnson | Chief Financial Officer | $114,085 | 2022-10-25 |
| Audrey B Douglas-Cooke | Vice President / Member | $0 | 2023-06-30 |
| Andrew Friedman | Secretary and Treasurer / Finance Committee | $0 | 2023-06-30 |
| Frank McKinney | President and Chair / Funds Development Committee | $0 | 2023-06-30 |
| ...and 9 more key personnel |
Financials for VBCDC
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $2,598,459 | $2,612,649 | -0.5% |
| Program services | $5,184,474 | $4,979,699 | 4.1% |
| Investment income and dividends | $49,295 | $25,850 | 90.7% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $93,236 | $-28,610 | 425.9% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $11,259 | $24,869 | -54.7% |
| Total revenues | $7,936,723 | $7,614,457 | 4.2% |
Organizations like VBCDC
| Organization | Type | Location | Revenue |
|---|
| Eastern Eight Community Development Corporation | 501(c)(3) | Johnson City, TN | $4,015,634 |
| Southeast Community Development Corporation | 501(c)(3) | Baltimore, MD | $3,516,608 |
| Four Directions Development Corpora | 501(c)(3) | Orono, ME | $2,551,410 |
| Galilee Community Development Corporation | 501(c)(3) | San Angelo, TX | $2,849,926 |
| Southside Community Development and Housing Corporation (SCDHC) | 501(c)(3) | Richmond, VA | $2,622,291 |
| Codman Square Neighborhood Development Corporation | 501(c)(3) | Dorchester, MA | $7,754,039 |
| Central Dallas Community Development Corporation | 501(c)(3) | Dallas, TX | $2,778,452 |
| Reach Riverside Development Corporation | 501(c)(3) | Wilmington, DE | $5,546,972 |
| Cabrillo Economic Development Corporation | 501(c)(3) | Ventura, CA | $3,242,032 |
| Pierce County Community Development Corporation | 501(c)(3) | Tacoma, WA | $2,791,795 |
Data update history
April 19, 2024
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 22, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHousing and shelter organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 2400 Potters Rd
- Virginia Beach, VA 23454
- Metro area
- Virginia Beach-Norfolk-Newport News, VA-NC
- County
- Virginia Beach city, VA
- Website URL
- vbcdc.org/Â
- Phone
- (757) 463-9516
IRS details
- EIN
- 54-1378797
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1985
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- L20: Housing Development, Construction, Management
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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