Virginia Housing And Community Development Corporation
- Assets
- $398.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Suffolk, VA
- Founding
- 12/2004
- Data as of
- 12/2021
- EIN
- 20-0779486
Organization Overview
Virginia Housing And Community Development Corporation is located in Suffolk, VA. The organization was established in 2004. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Housing And Community Development Corporation 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, Virginia Housing And Community Development Corporation generated $42.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $60.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY DEVELOPMENT MISSION OF VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION (VHCDC) IS TO EDUCATE AND EMPOWER INDIVIDUALS, FAMILIES AND MINORITY BUSINESS OWNERS TO BUILD WEALTH, ACCESS CAPITAL AND CREDIT, AND ACHIEVE HOME OWNERSHIP. VHCDC ACHIEVES THIS MISSION THROUGH A STEADY STREAM OF WEALTH BUILDING INITIATIVES, HOME OWNERSHIP EDUCATION AND ASSISTANCE, SMALL BUSINESS FINANCING, AND ACQUIRING AND REHABILITATING DISTRESSED HOUSING IN TARGETED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VHCDC ACQUIRED AND STARTED REHABILITATION OF A HAMPTON, VIRGINIA 2 STORY DUPLEX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Taylor III President | 30 | $0 | |
Macy M Jenkins Jr Secretary | 1 | $0 | |
James A Young Sr Treasurer | 1 | $0 | |
Michael L Baldwin Director | 1 | $0 | |
Ariel K Heard Director | 1 | $0 | |
Divita L Henderson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,104 |
| Total Program Service Revenue | $13,663 |
| Membership dues | $0 |
| Investment income | $73 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $689 |
| Total Revenue | $42,529 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,053 |
| Occupancy, rent, utilities, and maintenance | $1,505 |
| Printing, publications, postage, and shipping | $583 |
| Other expenses | $54,607 |
| Total expenses | $60,748 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,062 |
| Other assets | $0 |
| Total assets | $398,875 |
| Total liabilities | $255,345 |
| Net assets or fund balances | $143,530 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Housing And Community Development Corporation has recieved totaling $45.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Council Of State Housing Agencies Washington, DC | $16,728,436 | $4,863,246 |
Arda Resort Owners Coalition Washington, DC | $8,056,340 | $3,424,465 |
Home Building Association Of Richmond Richmond, VA | $4,565,404 | $1,552,331 |
National Housing Endowment A Nonprofit Corporation Washington, DC | $31,315,078 | $3,340,023 |
Coalition For Housing Opportunities Inc Winchester, VA | $1,363,729 | $1,242,858 |
The Affordable Housing Tax Credit Coalition Wahington, DC | $1,568,164 | $1,292,671 |
People For Better Housing Inc Federalsburg, MD | $2,677,151 | $843,041 |
Kinston Ecumenical Housing Corporation Kinston, NC | $735,422 | $335,257 |
Whitneystrong Inc Louisville, KY | $251,543 | $347,277 |
Our Place Nashville Nashville, TN | $263,748 | $400,032 |
Northern Virginia Affordable Housing Alliance Alexandria, VA | $100,356 | $231,820 |
A Lotta Love Inc Chapel Hill, NC | $175,104 | $0 |