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EIN 54-1533426

Virginia Community Development Corp

IRS 501(c) type
501(c)(3)
Num. employees
23
City
Richmond
State
Virginia
Year formed
1990
Most recent tax filings
2022-12-01
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
$2,908,414
2022
Total expenses
$2,424,200
2022
Total assets
$7,623,657
2022
Num. employees
23
2022

Program areas at Virginia Community Development Corp

n 2022, VCDC raised $68.3MM in Low Income Housing Tax Credit equity and $3.9MM in historic equity and closed 8 projects in Virginia and West Virginia and had an active portfolio of 138 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$198,039
Chris SterlingVice President and Chief Operating Officer$153,603
Russ ParrishController$131,471
Raven BatesDirector of Administration and Communication
Nannette OrsiniDirector of Data Science and Business Systems
...and 9 more key personnel

Financials for Virginia Community Development Corp

RevenuesFYE 12/2022
Total grants, contributions, etc.$114,495
Program services$2,803,034
Investment income and dividends$-9,115
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$2,908,414

Form 990s for Virginia Community Development Corp

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-11-11990View PDF
2019-122021-03-31990View PDF
2018-122020-02-04990View PDF
...and 9 more Form 990s
Data update history
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
August 5, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
State / local levelTax deductible donations
General information
Address
1840 W Broad St
Richmond, VA 23220
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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