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EIN 54-1533426

Virginia Community Development Corp

IRS 501(c) type
501(c)(3)
Num. employees
22
City
Richmond
State
Virginia
Year formed
1990
Most recent tax filings
2023-12-01
NTEE code, primary
L80: Housing Support Services
Description
Virginia Community Development Corp closes 15 affordable housing projects across Virginia and adjacent states in 2019, raising over $51,268,000 in new investments. The organization remains active in underwriting these investments and monitoring the performance of a stabilized portfolio of 145 properties.
Total revenues
$2,904,468
2023
Total expenses
$2,717,950
2023
Total assets
$7,756,782
2023
Num. employees
22
2023

Program areas at Virginia Community Development Corp

n 2023, VCDC raised $45MM in Low Income Housing Tax Credit equity and $2.5MM in historic equity and closed 10 projects in Virginia and West Virginia and had an active portfolio of 140 properties. VCDC is active in the underwriting of these investments and in monitoring the performance of a stabilized portfolio of 138 properties through hands-on asset management. VCDC assists developers with predevelopment planning, arranging financing, construction management, and compliance. VCDC also assists community-based nonprofits develop capacity through various technical assistance activities and organizational development programs.

Personnel at Virginia Community Development Corp

NameTitleCompensation
Robert L NewmanPresident and Chief Executive Officer$232,781
Chris SterlingVice President and Chief Operating Officer$163,555
Raven BatesDirector of Administration and Communication
Nannette OrsiniDirector of Data Science and Business Systems
Steve BleileDirector of Project Development$130,811
...and 10 more key personnel

Financials for Virginia Community Development Corp

RevenuesFYE 12/2023
Total grants, contributions, etc.$106,111
Program services$2,755,244
Investment income and dividends$43,113
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$2,904,468

Form 990s for Virginia Community Development Corp

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-11-11990View PDF
2019-122021-03-31990View PDF
...and 10 more Form 990s

Organizations like Virginia Community Development Corp

OrganizationLocationRevenue
Greater Rochester Housing PartnershipRochester, NY$1,353,775
Capital for ChangeWallingford, CT$7,930,155
CHN Housing CapitalCleveland, OH$2,431,806
Hawaii Community Reinvestment CorporationHonolulu, HI$977,873
Mni Sota FundMinneapolis, MN$781,589
Neighborworks Capital CorporationSilver Spring, MD$11,430,153
Vermont Community Loan FundMontpelier, VT$3,257,007
Renaissance Community Loan FundGulfport, MS$5,391,783
Hhoc MortgageHonolulu, HI$1,102,798
Neighborhood Lending Services (NHS)Chicago, IL$2,840,462
Data update history
January 17, 2025
Posted financials
Added Form 990 for fiscal year 2023
October 15, 2024
Updated personnel
Identified 13 new personnel
January 17, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 17, 2024
Updated personnel
Identified 1 new personnel
August 31, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
State / local levelTax deductible donationsAccepts online donations
General information
Address
115 S 15th St
Richmond, VA 23219
Metro area
Richmond, VA
County
Richmond city, VA
Website URL
vibrantcommunities.us/ 
Phone
(804) 343-1200
IRS details
EIN
54-1533426
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1990
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L80: Housing Support Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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