Self Help Ventures Fund

Organization Overview

Self Help Ventures Fund is located in Durham, NC. The organization was established in 1984. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Self Help Ventures Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Self Help Ventures Fund generated $60.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $31.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SELF-HELP VENTURES FUNDS MISSION IS TO CREATE AND PROTECT OWNERSHIP AND ECONOMIC OPPORTUNITY FOR ALL, ESPECIALLY PEOPLE OF COLOR, WOMEN, RURAL RESIDENTS AND LOW-WEALTH FAMILIES AND COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ECONOMIC DEVELOPMENT THROUGH THE RENOVATION OF HISTORIC BUILDINGS, CONSTRUCTION OF NEW BUILDINGS IN DISTRESSED COMMUNITIES. PROVIDING QUALITY, AFFORDABLE RETAIL, COMMUNITY FACILITIES AND COMMERCIAL RENTAL SPACE TO REVITALIZE AND STABILIZE DISTRESSED COMMUNITIES.ECONOMIC DEVELOPMENT THROUGH PROVISION OF RENTAL PROPERTY IN DISTRESSED AND BLIGHTED AREAS,TOTAL BENEFICIARIES = APPROXIMATELY 4,169


CHARITABLE LOANS AND INVESTMENTS TO COMMUNITY DEVELOPMENT PROJECTS EMPLOYING LOW-INCOME, MINORITY AND UNEMPLOYED PERSONS; TO PROJECTS IN LOW-INCOME,MINORITY, RURAL AND DISTRESSED COMMUNITIES; AND TO CHARITABLE ORGANIZATIONS.TOTAL BENEFICIARIES = APPROXIMATELY 1,908


FACILITATION OF A SECONDARY MARKET AT REASONABLE RATES ON A SUBSTAINABLE BASIS FOR HOME MORTGAGES MADE TO LOW-INCOME AND MINORITY BUYERS WHO LIVE IN DISTRESSED COMMUNITIES TO MAKE HOMEOWNERSHIP MORE WIDELY AVAILABLE TO THESE FAMILIES.TOTAL BENEFICIARIES = APPROXIMATELY 23,403


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Board, Officers & Key Employees

Name (title)Compensation
Martin Eakes
Ceodirector
$0
Randy Chambers
Treasurersecretary
$0
Laura Benedict
President
$0
Jean Pudlo
Director
$0
James H Sills III
Director
$0
Mark Korell
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ct Wilson Construction Company
Construction
$1,045,517
Resolute Elevator Llc
Installation
$747,684
Romeo Guest Associates
Construction
$638,273
Dtw Architects Planners
Architecture
$261,756
Dixon-hughes Goodman Pllc
Accounting Firm
$300,428
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$695,000
Government grants $400,000
All other contributions, gifts, grants, and similar amounts not included above$10,301,675
Noncash contributions included in lines 1a–1f $5,844,500
Total Revenue from Contributions, Gifts, Grants & Similar$11,396,675
Total Program Service Revenue$45,893,586
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $827,959
Net Gain/Loss on Asset Sales $1,239
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $60,531,771

Grants Awarded

Over the last fiscal year, Self Help Ventures Fund has awarded $158,334 in support to 2 organizations.

Grant RecipientAmount

HOUSING FOR NEW HOPE INC

Org PageRecipient Profile

Durham, NC

PURPOSE: to preserve afforadablity for a 10 unit low income housing development

$150,759

SELF-HELP CREDIT UNION

Org PageRecipient Profile

Durham, NC

PURPOSE: to preserve home ownership for seniors in a low income neighborhood

$7,575
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Self Help Ventures Fund has recieved totaling $835,000.

Awarding OrganizationAmount
Center For Community Self-Help

Durham, NC

PURPOSE: Charitable Lending

$695,000
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: Community Development

$140,000
View Grant Recipient Profile

Peer Organizations

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