Virginia Nonproit Housing Coalition
- Assets
- $132.0m
- Revenue
- $15.8m
- Investments
- $39.5m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 06/1990
- Data as of
- 12/2021
- EIN
- 62-1429437
Organization Overview
Virginia Nonproit Housing Coalition is located in Richmond, VA. The organization was established in 1990. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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 Nonproit Housing Coalition 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 Nonproit Housing Coalition generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $12.0m during the year ending 12/2021. While expenses have increased by 24.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Virginia Nonproit Housing Coalition has awarded 557 individual grants totaling $32,783,897. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
TO CONTINUE THE DEVELOPMENT ACTIVITIES OF EIGHTEEN LOW-INCOME HOUSING PROJECTS AND SEVEN MODERATE-INCOME HOUSING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Lou Schaberg President/founding Member | 5 | $0 | |
George C Howell III Chairman Of The Board/member | 1 | $0 | |
Samuel A Jones Treasurer | 2 | $0 | |
Molly Locke Member | 1 | $0 | |
William G Homiller Secretary | 1 | $0 | |
Jennifer Waldbauer Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $83,395 |
| Dividends & Interest | $2,739,808 |
| Net Rental Income | $1,231,271 |
| Net Gain on Sale of Assets | $4,433,125 |
| Capital Gain Net Income | $4,433,125 |
| Net ST Capital Gain | $164,655 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,507,985 |
| Total Revenue | $15,806,787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $317,124 |
| Pension plans, employee benefits | $0 |
| Interest | $849,653 |
| Taxes | $705,292 |
| Depreciation | $1,020,023 |
| Occupancy | $460,634 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,207,756 |
| Total operating and administrative expenses | $5,818,277 |
| Contributions, gifts, grants paid | $6,199,007 |
| Total expenses and disbursements | $12,017,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,085,250 |
| Savings and temporary cash investments | $30,294,886 |
| Net Accounts receivable | $251,517 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $29,311,740 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,972 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,822,159 |
| Net Land, buildings, and equipment | $17,418,792 |
| Other assets | $13,118,089 |
| Total assets | $132,002,711 |
| Accounts payable and accrued expenses | $322,317 |
| Grants payable | $1,050,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $15,561,016 |
| Other liabilities | $238,901 |
| Total liabilities | $17,172,234 |
Grants Awarded
Over the last fiscal year, Virginia Nonproit Housing Coalition has awarded $6,349,007 in support to 101 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT HOMES PURPOSE: CAPACITY BUILDING AND ADMINISTRATIVE ADDITIONS | $300,000 |
RICHMOND METRO HABITAT FOR HUMANITY PURPOSE: DOUBLE THE NUMBER OF HOMES PER YEAR | $254,000 |
PROJECT HOMES PURPOSE: CAPACITY BUILDING AND ADMINISTRATIVE ADDITIONS | $251,640 |
Richmond, VA PURPOSE: ENVIRONMENTAL ED CENTER AT LOCKS | $250,000 |
Richmond, VA PURPOSE: GENERAL OPERATING | $210,000 |
Richmond, VA PURPOSE: NEW DIRECTOR OF ADMINISTRATION | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aircraft Owners & Pilots Asso Frederick, MD | $150,744,440 | $46,209,162 |
Tellico Village Poa Inc Loudon, TN | $46,364,010 | $28,167,700 |
National Association Of Theatre Owners Washington, DC | $14,676,210 | $12,650,975 |
Virginia Nonproit Housing Coalition Richmond, VA | $132,002,711 | $15,806,787 |
Building Owners & Managers Association International Washington, DC | $10,066,199 | $10,463,881 |
Association Of Home Appliance Manufacturers Washington, DC | $12,645,555 | $8,881,319 |
Cecelia Housing Inc Bethesda, MD | $234,000 | $4,045,313 |
Kingstowne Residential Owners Corporation Alexandria, VA | $8,910,767 | $6,278,825 |
Burke Centre Conservancy Burke, VA | $14,310,013 | $6,077,723 |
The Fairness Project Washington, DC | $1,253,311 | $5,316,361 |
Aquia Harbour Property Owners Association Inc Stafford, VA | $11,909,044 | $4,683,038 |
Stone Ridge Association Inc Stone Ridge, VA | $6,806,491 | $4,345,999 |