Program areas at Vmlvaco Finance
As of june 30, 2023 the pooled opeb trust fund managed investments in two separate portfolios with net assets totaling 1.7 billion. As of june 30, 2023 the Virginia investment pool managed investments for a stable value fund and a high quality bond fund with net assets totaling 2.7 billion.
Provide financing-related municipal advisory services in order to promote Local transparency and sound financial management practices. Financing & municipal advisory includes facilitating the issuance of municipal notes, bank loans, and equipment leases for public purpose events; and providing advisory services for financial policies. Vlgfc provided financing & municipal advisory services for 18 political subdivisions.
Provide accounting staff support to Local governments in order to promote transparency and conformance with governmental accounting standards. Vlgfc provided accounting services to 15 Local governments in fy23.
Other program services include providing educational and support services to Local Government Finance officers and managers. Vlgfc serves as program administrator for the Virginia Government Finance officers association and was a contributor to the Virginia Local Government managers association and other Local Government professional organizations.
Personnel at Vmlvaco Finance
| Name | Title | Compensation | Date of data |
|---|
| Robert W. Lauterberg | Managing Director | $0 | 2024-10-02 |
| Kevin R. Stoudt | Director of Investments | | 2024-10-02 |
| John B. Montoro | Director , Accounting Services | | 2024-10-02 |
| Christine L. Lopilato | Controller | $0 | 2024-10-02 |
| Deborah Kendall | President | $0 | 2024-10-02 |
| ...and 7 more key personnel |
Financials for Vmlvaco Finance
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $2,353,258 | $2,462,367 | -4.4% |
| Investment income and dividends | $13,815 | $4,007 | 244.8% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $2,367,073 | $2,466,374 | -4% |
Organizations like Vmlvaco Finance
| Organization | Type | Location | Revenue |
|---|
| CSAC Finance Corporation | 501(c)(4) | Sacramento, CA | $8,866,567 |
| Provident Loan Society of New York (PLSNY) | 501(c)(4) | New York, NY | $4,261,838 |
| Universal ID Council Foundation | 501(c)(4) | Providence, RI | $1,004,598 |
| South Arkansas Venture Enterprises | 501(c)(4) | Pine Bluff, AR | $1,005,763 |
| Mississippi Higher Education Assistance Corporation | 501(c)(3) | Jackson, MS | $7,247,326 |
| California Statewide Communities Development Corporation | 501(c)(4) | Walnut Creek, CA | $2,926,088 |
| New Hampshire Higher Education Assistance Foundation | 501(c)(3) | Concord, NH | $807,912 |
| Florida Development Finance Corporation | 501(c)(4) | Winter Springs, FL | $2,893,381 |
| Somercor 504 | 501(c)(4) | Chicago, IL | $7,033,646 |
| Louisiana Asset Management Pool | 501(c)(3) | New Orleans, LA | $7,670,051 |
Data update history
May 21, 2024
Updated personnel
Identified 4 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 15, 2023
Updated personnel
Identified 4 new personnel
May 18, 2023
Updated personnel
Identified 12 new personnel
Nonprofit Types
Credit unions
Issues
Community improvement
Characteristics
State / local levelNo full-time employees
General information
- Address
- 8 E Canal St
- Richmond, VA 23219
- Metro area
- Richmond, VA
- County
- Richmond city, VA
- Website URL
- valocalfinance.org/Â
- Phone
- (804) 648-0635
IRS details
- EIN
- 20-1351659
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 2003
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
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